DeFi Technologies Inc. (DEFT) vs BitFuFu Inc. (FUFU)

DeFi Technologies Inc. and BitFuFu Inc. are both Capital Markets companies. DeFi Technologies Inc. and BitFuFu Inc. are of similar size ($210.0M and $205.7M). BitFuFu Inc. has negative trailing earnings, so its P/E is not meaningful; DeFi Technologies Inc. trades at 8.3×. BitFuFu Inc. grew revenue faster over the last twelve months: 4.33% against −8.13%. DeFi Technologies Inc. has the higher net margin (38.5% vs −29.3%) and the higher return on invested capital (51.1% vs −101.5%). Across the 17 metrics below, DeFi Technologies Inc. leads on 10 and BitFuFu Inc. on 7.

Valuation

Metric DEFT FUFU Capital Markets median
P/E 8.33 n/m 15.78
P/S 3.17 0.59 2.32
P/B 1.39 1.58 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA 5.35 n/m 8.87
EV/Sales 1.16 0.54 2.28
Earnings yield 12.00% (49.68%) (3.77%)
Free cash flow yield (42.01%) (27.09%) (1.49%)

Profitability

Metric DEFT FUFU Capital Markets median
Gross margin 100.00% 2.26% 62.80%
Operating margin 19.64% (29.95%) 0.00%
Net margin 38.50% (29.29%) (0.55%)
Free cash flow margin (133.16%) (16.07%) 0.00%
Return on equity 22.98% 0.00% 0.00%
Return on assets 3.26% (32.24%) 0.00%
Return on invested capital 51.14% (101.53%) 0.00%

Growth

Metric DEFT FUFU Capital Markets median
Revenue growth (TTM) (8.13%) 4.33% 21.02%
EPS growth (last fiscal year) 288.89% (153.97%) —
Revenue growth, 5-year CAGR — — 18.16%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric DEFT FUFU Capital Markets median
Debt to equity 0.00 1.05 0.08
Current ratio 1.14 4.22 1.51
Net debt to EBITDA (2.07) (16.07) (0.24)

Dividend

Metric DEFT FUFU Capital Markets median
Dividend yield — — 2.20%
Payout ratio — 0.00 0.00

Size

Metric DEFT FUFU Capital Markets median
Market cap 205.69m 209.98m 724.58m

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