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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2867
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Banking
$229M
Gus Garcia; Lewis Silberman; Joe Tonnos
Bitcoin Depot is an INC 5000 company and the fastest-growing multi-cryptocurrency ATM Network offering users the ability to buy and sell.
Headcount
107
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = BTM ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$BTM Bitcoin Depot Inc. | 45 | 81 | 73 | 16 | 0.3x | 1.3x | 153.6% | 25.8% | 96.5% | 7.8% | 4.9% | -0.4% | 0.0% | 321.0x | $229M | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Bitcoin Depot Inc. (BTM) receives a "Reduce" rating with a composite score of 44.6/100. It ranks #2867 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
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Lagging peers — losers tend to keep underperforming
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for BTM.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 81 | 96 | -15DRAG |
| MOMENTUM | 16 | 8 | +8ALPHA |
| VALUATION | 73 | 93 | -20DRAG |
| INVESTMENT | 24 | 15 | +9ALPHA |
| STABILITY | 18 | 9 | +9ALPHA |
| SHORT INT | 42 | 40 | +2NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 85.7% vs WACC 4.4% (spread +81.3%)
GM 96% vs sector 78%, OM 8% vs sector 18%
Capital turnover 19.63x
Rev growth -0%, 3yr history
Interest coverage 2.9x, Net debt/EBITDA 0.6x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Bitcoin Depot Inc. (BTM) as a Reduce with a composite score of 44.6/100 at a current price of $5.35. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
Bitcoin Depot Inc. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 44.6/100 places it at rank #2867 in our full universe.
Narrow
High
Standard
Undervalued
Gross margins of 96% signal strong pricing power.
Returns on equity of 153.6% exceed cost of capital.
Value factor score of 73 suggests attractive pricing.
Leverage of 321% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
Bitcoin Depot Inc. represents a reduce based on multi-factor quantitative performance.
Bitcoin Depot Inc. receives a Reduce rating from our analysis, with a composite score of 44.6/100 and 2 out of 5 stars, ranking #2867 out of 7,333 stocks. BTM's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
BTM earns a quality score of 81/100, indicating above-average business quality. The company reports a return on equity of 153.6% (sector avg: 9.0%), gross margins of 96.5% (sector avg: 77.7%), net margins of 4.9% (sector avg: 21.9%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
BTM carries a solid value score of 73/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 0.30x, an EV/EBITDA of 1.31x, a P/B ratio of 0.46x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
Bitcoin Depot Inc.'s investment score of 24/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -0.4% vs. a sector average of 10.7% and a return on assets of 25.8% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
Bitcoin Depot Inc. is experiencing notably weak momentum with a score of just 16/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -0.4% year-over-year, while a beta of -0.86 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
Bitcoin Depot Inc. registers a low stability score of 18/100, indicating high volatility and potentially stressed financial conditions. Key stability metrics include a beta of -0.86 and a debt-to-equity ratio of 321.00x (sector avg: 0.5x). Stocks at this level carry elevated capital loss risk and may be unsuitable for conservative portfolios without careful risk management.
The short interest score of 42/100 for BTM suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 321.00x), micro-cap liquidity risk. With a $229M market cap (micro-cap), Bitcoin Depot Inc. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
Bitcoin Depot Inc. is a micro-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #2867 of 7,333 overall (61st percentile). Key comparisons include ROE of 153.6% exceeding the 9.0% sector median and operating margins of 7.8% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While BTM currently exhibits a REDUCE profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Momentum (16) would have the largest impact on the composite score.
EV/EBITDA 83% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 1607% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 24% ABOVE SECTOR MEDIAN (FAVORABLE)
Bitcoin Depot (BTM) will execute a 1-for-7 reverse stock split Feb 23, 2026; warrants adjust to $80.50/share.
Unfortunately for some shareholders, the Bitcoin Depot Inc. ( NASDAQ:BTM ) share price has dived 30% in the last thirty...
Bitcoin Depot Inc. ( NASDAQ:BTM ), is not the largest company out there, but it received a lot of attention from a...
Bitcoin Depot has acquired the assets of National Bitcoin ATM, adding over 500 kiosks to its network and increasing its U.S. market share to approximately 30%. The acquisition aims to strengthen Bitcoin Depot's national presence in the cryptocurrency ATM market.
Bitcoin Depot Inc. (NASDAQ:BTM) (the "Company") announced today that it will effect a one-for-seven (1:7) reverse stock split ("Reverse Split") of its Common Stock (as defined below) that will become effective on
Above 50MA
37.18%
Net New Highs
+51081