BTCS Inc. (BTCS) vs The9 Limited (NCTY)

BTCS Inc. and The9 Limited are both Capital Markets companies. BTCS Inc. is the larger, with a market value of $63.2M against $51.1M — 1.2× the size. BTCS Inc. has negative trailing earnings, so its P/E is not meaningful; The9 Limited trades at 1.6×. BTCS Inc. grew revenue faster over the last twelve months: 120.9% against −8.79%. The9 Limited has the higher net margin (−152.8% vs −746.3%) and the higher return on invested capital (0.00% vs −89.7%). Across the 17 metrics below, The9 Limited leads on 10 and BTCS Inc. on 7.

Valuation

Metric BTCS NCTY Capital Markets median
P/E n/m 1.62 14.20
P/S 3.38 401.51 2.00
P/B 1.53 123.51 1.51
Price to free cash flow n/m n/m 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (307.96%) 61.77% (3.94%)
Free cash flow yield (331.67%) (1.24%) (1.62%)

Profitability

Metric BTCS NCTY Capital Markets median
Gross margin 26.93% (32.19%) 62.80%
Operating margin (707.47%) 0.00% 0.00%
Net margin (746.26%) (152.80%) (0.55%)
Free cash flow margin (47.01%) (424.18%) 0.00%
Return on equity (380.91%) (133.93%) 0.00%
Return on assets (190.71%) (41.27%) 0.00%
Return on invested capital (89.67%) 0.00% 0.00%

Growth

Metric BTCS NCTY Capital Markets median
Revenue growth (TTM) 120.85% (8.79%) 20.70%
EPS growth (last fiscal year) (1,150.00%) (318.60%) 22.92%
Revenue growth, 5-year CAGR 416.19% 176.25% 18.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BTCS NCTY Capital Markets median
Debt to equity 1.12 0.35 0.08
Current ratio 2.06 2.57 1.50
Net debt to EBITDA (2.53) 0.33 (0.24)

Dividend

Metric BTCS NCTY Capital Markets median
Dividend yield 0.00% — 1.36%
Payout ratio — — 0.19

Size

Metric BTCS NCTY Capital Markets median
Market cap 63.23m 51.05m 565.91m

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