Latest news with #BTM
Yahoo
a day ago
- Business
- Yahoo
Bitcoin Depot Rides on Kiosk Expansion: Bullish on Bitcoin Potential?
Bitcoin Depot Inc. BTM revenues have been growing in the past couple of years, primarily driven by BTM Kiosks, which accounted for roughly 99.7% of its total revenues in the first quarter of of March 31, 2025, Bitcoin Depot had 8,463 BTM Kiosks installed across the United States, Canada and Puerto Rico, with a median kiosk transaction size of $300. Further, in June 2025, the company acquired the assets of Pelicoin, LLC, to strengthen its presence in the Gulf South region of the United States. The transaction will expand kiosk locations across Louisiana, Mississippi, Tennessee, Alabama and Bitcoin Depot purchased additional Bitcoin under its treasury strategy, holding more than 100 Bitcoins in its treasury. This reinforces its confidence in Bitcoin's long-term potential as both a strategic asset and a store of year, the company entered into seven franchise profit-sharing arrangements, under which counterparties will earn a share in profits generated by a particular group of kiosks. Also, it secured a deal with CEFCO for 72 out of their more than 200 locations to diversify within the convenience store industry. The company also signed a master placement agreement with EG America LLC to install BTM kiosks in more than 900 Bitcoin Depot aims to capitalize on existing partnerships and new ones to expand its BTM Kiosks to drive higher transaction volumes, which, in turn, will boost revenues. What are BTM's Peers Doing? Bitcoin Depot's close peers like Coinbase Global Inc. COIN and BTCS, Inc. BTCS have been capitalizing on cryptocurrency tailwinds. While Coinbase has been emphasizing stablecoins and staking services, BTCS focuses on an Ethereum-focused recent wave of deregulation in crypto policies is expected to favor companies like Bitcoin Depot, Coinbase and BTCS by reducing compliance burdens and opening up new revenue opportunities. Bitcoin Depot's Price Performance, Valuation and Estimates Bitcoin Depot shares have soared 228.4% this year, significantly outperforming the S&P 500's gain of 8.3%. Image Source: Zacks Investment Research From a valuation standpoint, BTM trades at a 12-month forward price-to-earnings ratio (P/E F12M) of 10.98X, below the industry average. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Bitcoin Depot's 2025 earnings implies a surge of 176.7% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 10.3%. In the past week, earnings estimates for 2025 and 2026 have remained unchanged. Image Source: Zacks Investment Research BTM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bitcoin Depot Inc. (BTM) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report BTCS Inc. (BTCS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
10-07-2025
- Business
- Yahoo
Bitcoin Depot Surges 250.6% YTD: Is it Too Late to Buy BTM Stock?
Bitcoin Depot Inc. BTM shares have skyrocketed 250.6% this year, significantly outperforming the industry, the Zacks Finance sector and the S&P 500 index. Additionally, the stock has performed extremely well compared with its close peers — Coinbase Global, Inc. COIN and BTCS, Inc. BTCS. BTM YTD Price Performance Image Source: Zacks Investment Research Bitcoin Depot has benefited from rising demand for cryptocurrency, supported by regulatory tailwinds under the Trump administration. While the business remains mostly domestic, ongoing tariff concerns and geopolitical tensions may influence consumer sentiment and crypto demand trends, potentially weighing on growth. Can BTM stock continue to ride the crypto adoption wave, or will macroeconomic uncertainties limit its upside potential? Let's find out. Organic Growth Efforts to Support Revenues: Bitcoin Depot's revenues have been growing in the past couple of years. Though the metric declined in 2024, it rose in 2023. Revenues continued to increase during the first quarter of 2025 on a year-over-year Depot has been driving revenues primarily through BTM Kiosks, which accounted for roughly 99.7% of its total revenues. As of March 31, 2025, it had 8,463 BTM Kiosks installed across the United States, Canada and Puerto Rico, with a median kiosk transaction size of $300. In 2022, it launched BDCheckout, which allows customers to load cash into their accounts at the checkout counter at retailer locations and then use those funds to purchase Bitcoin. This enables Bitcoin Depot to increase its client base without incurring upfront hardware costs to set up kiosks and pay monthly rents. As of March 31, 2025, BDCheckout was available at 10,926 retail Depot aims to boost its BDCheckout retail transaction volume to reduce capital expenditures and revert to profitability. Also, it plans to capitalize on existing partnerships and new ones to expand its BTM Kiosks to drive higher transaction volumes, which in turn will boost revenues. It remains open to opportunistic expansions to scale its operations, given a fragmented BTM market. In sync with this, the company acquired the assets of Pelicoin, LLC last month to strengthen its presence in the Gulf South region of the United 2024, the company entered into seven franchise profit-sharing arrangements, under which counterparties will earn a share in profits generated by a particular group of kiosks. Also, it secured a deal with CEFCO for 72 out of their more than 200 locations to diversify within the convenience store industry. The company also signed a master placement agreement with EG America LLC, to install BTM kiosks in more than 900 these efforts are likely to drive Bitcoin Depot's revenues higher and further aid its financials to move toward profitability as BDCheckout revenues continue to rise. As cash remains an integral part of the economy, the company has a large client base to acquire, aiding its revenues. Sales Estimates Image Source: Zacks Investment Research Favorable Regulatory Norms to Boost Cryptocurrency Adoption: Bitcoin Depot is set to benefit from the Trump administration's supportive stance toward cryptocurrency. In May 2025, Paul Atkins, chair of the Securities and Exchange Commission (SEC), stated his plans to overhaul cryptocurrency policies and establish guidelines for the distribution of crypto tokens that are securities, and consider whether additional exemptions are March 2025, the Federal Deposit Insurance Corporation (FDIC) clarified that FDIC-supervised institutions can engage in permissible crypto-related activities without receiving prior approval. Further, Donald Trump signed an executive order to establish a strategic crypto developments signify that the cryptocurrency space is likely to experience higher demand as countries embrace it and will likely be integrated into legal payment structures, favoring firms like Bitcoin Depot, Coinbase and BTCS to tap into the huge opportunity to Balance Sheet: As of March 31, 2025, Bitcoin Depot's cash and cash equivalents were $35 million. It had a debt (including notes payable, current and non-current portion) of $55.5 million as of the same date. In 2023, the company authorized a share repurchase plan to buy back up to $10 million worth of shares, which expired on March 31, 2025. The company doesn't pay dividends as it intends to reinvest most of its earnings to expand ongoing a strong liquidity sheet position will likely enable the company to sustain its share repurchase program in the future. In terms of valuation, Bitcoin Depot's 12-month forward price-to-earnings ratio (P/E) of 11.78X is lower than the industry's 21.63X. Thus, the stock is trading at a discount. This suggests that investors may pay a lower price than the company's expected earnings growth. 12-month Forward P/E Ratio Image Source: Zacks Investment Research On the other hand, Coinbase and BTCS have a 12-month forward P/E ratio of 77.12X and 15.55X, respectively. This reflects that BTM stock is inexpensive compared with its peers. Bitcoin Depot is well-positioned for growth, given its leadership in North America in BTM kiosks and focus on BTCheckout to enhance operating leverage. Further, favorable regulatory developments, significant cash circulation in the economy and growing interest in cryptocurrency among investors as an asset class are other a solid balance sheet position suggests financial stability. It will enable BTM to continue its repurchase plans. Discounted valuation is another positive. Over the past month, the Zacks Consensus Estimate for Bitcoin Depot's 2025 and 2026 earnings of 46 cents and 51 cents per share, respectively, has remained unchanged. Estimate Revision Trend Image Source: Zacks Investment Research The projected figures imply year-over-year earnings growth of 176.7% and 10.3% for 2025 and 2026, respectively. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)However, a persistent increase in expenses is a headwind. Operating expenses recorded a 26.5% jump in 2023 due to higher sales and marketing and revenue-related costs, while expenses declined 4.7% in 2024. The uptrend continued during the first three months of 2025 on a year-over-year basis. Overall expenses are expected to be elevated as the company intends to expand its kiosk network as it expands into different the company operates in a highly regulated industry and is exposed to regular probes and litigations, which can create friction in operations and even hurt financially, if hefty fines are imposed. In February 2025, BTM's subsidiaries were sued by the Iowa Attorney General for allegedly failing to prevent fraudulent use of their ATMs under the Iowa Consumer Fraud Act. The company denied the allegations and is defending the case. Also, intense competition from Coinbase and BTCS can hurt its pricing power. Thus, Bitcoin Depot stock remains a cautious bet for investors. Those who own it can continue holding the stock for long-term BTM carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bitcoin Depot Inc. (BTM) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report BTCS Inc. (BTCS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Insider
21-06-2025
- Business
- Business Insider
Bitcoin Depot files $100M mixed securities shelf
17:00 EDT Bitcoin Depot (BTM) files $100M mixed securities shelf Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
16-06-2025
- Business
- Yahoo
Penguin International's (SGX:BTM) five-year earnings growth trails the impressive shareholder returns
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can see its share price rise well over 100%. One great example is Penguin International Limited (SGX:BTM) which saw its share price drive 136% higher over five years. Also pleasing for shareholders was the 26% gain in the last three months. After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During five years of share price growth, Penguin International achieved compound earnings per share (EPS) growth of 13% per year. This EPS growth is lower than the 19% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). This free interactive report on Penguin International's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Penguin International's TSR for the last 5 years was 173%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! It's good to see that Penguin International has rewarded shareholders with a total shareholder return of 43% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 22% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Case in point: We've spotted 1 warning sign for Penguin International you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
14-06-2025
- Business
- Yahoo
Bitcoin Depot price target raised to $9 from $7 at Noble Capital
Noble Capital raised the firm's price target on Bitcoin Depot (BTM) to $9 from $7 and keeps an Outperform rating on the shares after the company announced that it had acquired the assets of Pelicoin, a crypto ATM company with operations in the Gulf South. The firm, which is maintaining its revenue and adjusted EBITDA forecasts for 2025, notes that shares have traded up roughly 200% since the company reported strong Q1 results in mid-May, but believes 'there is still room for upside.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on BTM: Disclaimer & DisclosureReport an Issue Bitcoin Depot adds to bitcoin treasury holdings Bitcoin Depot price target raised to $8.50 from $7 at Northland Bitcoin Depot acquires assets of regional bitcoin ATM operator Pelicoin Bitcoin Depot price target raised to $7 from $6 at Northland Crypto Currents: Strategy buys more bitcoin Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
