Using a Revenue DCF model with operating margin convergence from 6.7% to a target of 24.1% over 5 years, discounted at a WACC of 10.7%, Bitcoin Depot Inc. (BTM) has an intrinsic value of $12.62 per share (range: $7.33 – $21.58).
Using a Revenue DCF model with operating margin convergence from 6.7% to a target of 24.1% over 5 years, discounted at a WACC of 10.7%, Bitcoin Depot Inc. (BTM) has an intrinsic value of $11.92 per share (range: $6.74 – $20.67).
Using the industry peer median EV/Revenue multiple (trailing + forward), Bitcoin Depot Inc. (BTM) has a fair value of $9.64 based on 7 comparable companies in the Financial - Capital Markets industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Bitcoin Depot Inc.BTM | 187 | 0.3x | 0.3x |
| Summit State Bank | 89 | 0.5x | 0.4x |
| Income Opportunity Realty Investors, Inc. | 75 | 11.8x | — |
| Central Plains Bancshares, Inc. Common Stock | 74 | 1.6x | — |
| Plutus Financial Group Limited | 49 | 36.1x | — |
| OFS Capital Corporation | 48 | 9.2x | 5.4x |
| Heritage Global Inc. | 47 | 0.6x | 0.6x |
| Dominari Holdings Inc. | 46 | 0.1x | 0.5x |
| Industry Median | 1.6x | 0.6x | |
| (*) Revenue | 615 | 629 | |
| = Enterprise Value | 1,011 | 366 | |
| (-) Net Debt | -0 | -0 | |
| Equity Value | 1,011 | 366 | |
| (/) Outstanding shares | 71 | 71 | |
| Fair Price | $14 | $5 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.