Abits Group Inc (NASDAQ: ABTS)

Sector: Financial Services Industry: Capital Markets CIK: 0001864055
Market Cap 12.65 Mn
P/B 1.26
P/E -10.11
P/S 1.80
Div Yield % 0.00

About

Abits Group Inc, also known by its ticker symbol ABTS, operates in the dynamic and rapidly evolving industry of cryptocurrency, specifically focusing on bitcoin mining. The company, established in the British Virgin Islands in May 2021, has seen a series of mergers and acquisitions, leading to its redomiciling in the same jurisdiction through a merger with its subsidiary, Moxian BVI, in August 2021. The core business activities of Abits Group Inc are anchored in bitcoin mining, a process that involves the use of computational operations to support...

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Price action

Investment thesis

Bull case

No data available.

Bear case

No data available.

Peer comparison

Companies in the Capital Markets
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GS Goldman Sachs Group Inc 284.23 Bn 17.94 4.84 911.32 Bn
2 MS Morgan Stanley 279.63 Bn 17.97 4.05 353.12 Bn
3 SCHW Schwab Charles Corp 179.33 Bn 23.09 7.83 27.59 Bn
4 HOOD Robinhood Markets, Inc. 106.92 Bn 48.73 25.43 0.00 Bn
5 CRCL Circle Internet Group, Inc. 40.97 Bn 261.00 24.22 0.15 Bn
6 IBKR Interactive Brokers Group, Inc. 28.23 Bn 30.79 4.75 28.43 Bn
7 LPLA LPL Financial Holdings Inc. 27.60 Bn 33.13 1.77 7.52 Bn
8 FUTU Futu Holdings Ltd 22.89 Bn 18.13 8.54 1.75 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.85 1.07
EV to Cash from Ops. EV/CFO 6.35 15.33
EV to Debt EV to Debt 4.39 21.89
EV to EBIT EV/EBIT -11.33 -0.80
EV to EBITDA EV/EBITDA 4.99 11.20
EV to Free Cash Flow [EV/FCF] EV/FCF -9.51 43.08
EV to Market Cap EV to Market Cap 0.91 -0.05
EV to Revenue EV/Rev 1.64 12.82
Price to Book Value [P/B] P/B 1.26 3.09
Price to Earnings [P/E] P/E -10.11 6.20
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 4.22
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 10.37
Dividend per Basic Share Div per Share (Qtr) 0.00 0.70
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 -8.68
Interest Coverage Int. cover (Qtr) -9.52 37.53
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -78.48 -12,429.64
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -63.40 1,588.78
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 4.88
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 87.53 270.93
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 140.94 333.57
EBIT Growth (1y) % EBIT 1y % (Qtr) 88.79 3,103.22
EBT Growth (1y) % EBT 1y % (Qtr) 87.64 3,039.53
EPS Growth (1y) % EPS 1y % (Qtr) 86.48 24.25
FCF Growth (1y) % FCF 1y % (Qtr) -152.75 -80.08
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 39.01 51.33
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.52 0.42
Cash Payout Ratio Cash Payout (Qtr) 0.00 -0.08
Cash Ratio Cash Ratio (Qtr) 0.00 2.01
Current Ratio Curr Ratio (Qtr) 0.00 3.47
Debt to Equity Ratio Debt/Equity (Qtr) 0.26 1.46
Interest Cover Ratio Int Coverage (Qtr) -9.52 37.53
Times Interest Earned Times Interest Earned (Qtr) -9.52 37.53
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 27.80 76.68
EBIT Margin % EBIT Margin % (Qtr) -14.46 46.81
EBT Margin % EBT Margin % (Qtr) -15.98 58.57
Gross Margin % Gross Margin % (Qtr) 64.30 53.60
Net Profit Margin % Net Margin % (Qtr) -17.80 29.41