BIT Mining Valuation
| BTCM Stock | USD 2.79 0.05 1.76% |
Based on Macroaxis valuation methodology, the firm appears to be overvalued. BIT Mining shows a prevailing Real Value of $2.28 per share. The current price of the firm is $2.79. Our model approximates the value of BIT Mining from reviewing the firm fundamentals such as return on equity of -0.43, and Profit Margin of (0.09) % as well as analyzing its technical indicators and probability of bankruptcy. Key fundamental drivers impacting BIT Mining's valuation include:
Price Book 0.7145 | Enterprise Value 33.9 M | Enterprise Value Ebitda (2.66) | Price Sales 0.7918 | Forward PE 270.2703 |
Overvalued
Today
Please note that BIT Mining's price fluctuation is very risky at this time. Calculation of the real value of BIT Mining is based on 3 months time horizon. Increasing BIT Mining's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the BIT stock is determined by what a typical buyer is willing to pay for full or partial control of BIT Mining. Since BIT Mining is currently traded on the exchange, buyers and sellers on that exchange determine the market value of BIT Stock. However, BIT Mining's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 2.79 | Real 2.28 | Hype 2.8 | Naive 2.74 |
The intrinsic value of BIT Mining's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence BIT Mining's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of BIT Mining helps investors to forecast how BIT stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of BIT Mining more accurately as focusing exclusively on BIT Mining's fundamentals will not take into account other important factors: Traditionally, analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use BIT Mining's intrinsic value based on its ongoing forecasts of BIT Mining's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against BIT Mining's closest peers.
BIT Mining Cash |
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BIT Valuation Trend
Knowing BIT Mining's actual value is paramount for traders when making sound investment determinations. Using both BIT Mining's enterprise value as well as its market capitalization is the best way to estimate the value of the company and is usually enough for investors to make market timing decisions.
BIT Revenue by Product
BIT Mining Total Value Analysis
BIT Mining is currently forecasted to have valuation of 33.86 M with market capitalization of 32.78 M, debt of 4.22 M, and cash on hands of 22.56 M. Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the BIT Mining fundamentals before making equity appraisal based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
33.86 M | 32.78 M | 4.22 M | 22.56 M |
BIT Mining Investor Information
The company has price-to-book (P/B) ratio of 0.71. Some equities with similar Price to Book (P/B) outperform the market in the long run. BIT Mining recorded a loss per share of 2.0. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 23rd of December 2022. Based on the key indicators obtained from BIT Mining's historical financial statements, BIT Mining is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in December.BIT Mining Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. BIT Mining has an asset utilization ratio of 59.37 percent. This suggests that the Company is making $0.59 for each dollar of assets. An increasing asset utilization means that BIT Mining is more efficient with each dollar of assets it utilizes for everyday operations.BIT Mining Ownership Allocation
The market capitalization of BIT Mining is $32.78 Million. BIT Mining shows 3.38 percent of its outstanding shares held by insiders and 3.39 percent owned by other corporate entities. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.BIT Mining Profitability Analysis
The company reported the previous year's revenue of 43.1 M. Net Loss for the year was (28.71 M) with loss before overhead, payroll, taxes, and interest of (9.99 M).About BIT Mining Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of BIT Mining. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of BIT Mining based exclusively on its fundamental and basic technical indicators. By analyzing BIT Mining's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of BIT Mining's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of BIT Mining. We calculate exposure to BIT Mining's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of BIT Mining's related companies.| Last Reported | Projected for Next Year | ||
| Gross Profit | 3 M | 2.9 M | |
| Pretax Profit Margin | (0.59) | (0.62) | |
| Operating Profit Margin | (0.58) | (0.61) | |
| Net Loss | (0.67) | (0.70) | |
| Gross Profit Margin | 0.07 | 0.07 |
BIT Mining Growth Indicators
Investing in growth stocks can be very risky. If the company such as BIT Mining does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
| Common Stock Shares Outstanding | 11 M | |
| Forward Price Earnings | 270.2703 |
BIT Mining Current Valuation Indicators
BIT Mining's valuation analysis is a process of estimating the intrinsic value of all assets and outstanding equities. There are different methodologies and models we use to develop the final BIT Mining's valuation. The techniques such as discounted cash flow and fundamental indicators such as book value per share or market capitalization are well known and widely used across most financial advisers and money managers.
Valuations are an essential part of business, for companies themselves, but also for investors. For companies, such as BIT Mining, valuations can help measure their progress and success and can help them track their performance in the market compared to others. In addition, investors can use BIT Mining's valuations to help determine the worth of potential investments. They can do this by using data and information made public by a company. Regardless of who the valuation is for, it essentially describes BIT Mining's worth.When determining whether BIT Mining is a strong investment it is important to analyze BIT Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BIT Mining's future performance. For an informed investment choice regarding BIT Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BIT Mining. If investors know BIT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.00) | Revenue Per Share 3.712 | Quarterly Revenue Growth (0.87) | Return On Assets (0.19) | Return On Equity (0.43) |
The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.