Critical Analysis: BitMine Immersion Technologies (BMNR) and The Competition

BitMine Immersion Technologies (NYSE:BMNR) is one of 343 publicly-traded companies in the “Financial Services” industry, but how does it contrast to its competitors? We will compare BitMine Immersion Technologies to similar businesses based on the strength of its valuation, profitability, institutional ownership, earnings, risk, analyst recommendations and dividends.

Volatility & Risk

BitMine Immersion Technologies has a beta of 1.61, indicating that its share price is 61% more volatile than the S&P 500. Comparatively, BitMine Immersion Technologies’ competitors have a beta of 2.27, indicating that their average share price is 127% more volatile than the S&P 500.

Earnings & Valuation

This table compares BitMine Immersion Technologies and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
BitMine Immersion Technologies	$6.09 million	$348.58 million	472.42
BitMine Immersion Technologies Competitors	$6.36 billion	$1.09 billion	9.34

BitMine Immersion Technologies’ competitors have higher revenue and earnings than BitMine Immersion Technologies. BitMine Immersion Technologies is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Insider and Institutional Ownership

43.2% of shares of all “Financial Services” companies are owned by institutional investors. 0.2% of BitMine Immersion Technologies shares are owned by company insiders. Comparatively, 22.1% of shares of all “Financial Services” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Dividends

BitMine Immersion Technologies pays an annual dividend of $0.01 per share and has a dividend yield of 0.0%. BitMine Immersion Technologies pays out 20.0% of its earnings in the form of a dividend. As a group, “Financial Services” companies pay a dividend yield of 4.2% and pay out -86.5% of their earnings in the form of a dividend. BitMine Immersion Technologies lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Analyst Recommendations

This is a summary of recent ratings and target prices for BitMine Immersion Technologies and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
BitMine Immersion Technologies	1	1	3	0	2.40
BitMine Immersion Technologies Competitors	1902	6737	11427	414	2.51

BitMine Immersion Technologies presently has a consensus target price of $46.80, suggesting a potential upside of 98.13%. As a group, “Financial Services” companies have a potential upside of 1.89%. Given BitMine Immersion Technologies’ higher possible upside, equities analysts plainly believe BitMine Immersion Technologies is more favorable than its competitors.

Profitability

This table compares BitMine Immersion Technologies and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
BitMine Immersion Technologies	-14,306.56%	3.35%	3.32%
BitMine Immersion Technologies Competitors	-407.63%	-22.00%	-5.71%

Summary

BitMine Immersion Technologies competitors beat BitMine Immersion Technologies on 10 of the 15 factors compared.

About BitMine Immersion Technologies

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.