Grayscale Bitcoin Adopters ETF Fundamental Analysis
Grayscale Bitcoin Adopters ETF Fundamental Analysis
Grayscale Bitcoin Adopters ETF (BCOR) shows weak financial fundamentals with a PE ratio of 366.39, profit margin of 0.47%, and ROE of 0.58%. The company generates $0.0B in annual revenue with N/A year-over-year growth of N/A.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 41.6/100 based on profitability, valuation, growth, and balance sheet metrics. The D grade reflects weak fundamentals and significant financial concerns.
Fundamental Health Score
We analyze BCOR's fundamental strength across five key dimensions:
Efficiency Score
WeakBCOR struggles to generate sufficient returns from assets.
Valuation Score
ModerateBCOR shows balanced valuation metrics.
Growth Score
ModerateBCOR shows steady but slowing expansion.
Financial Health Score
ExcellentBCOR maintains a strong and stable balance sheet.
Profitability Score
ModerateBCOR maintains healthy but balanced margins.
Key Financial Metrics
Is BCOR Expensive or Cheap?
P/E Ratio
BCOR trades at 366.39 times earnings. This suggests a premium valuation.
PEG Ratio
When adjusting for growth, BCOR's PEG of -1.67 indicates potential undervaluation.
Price to Book
The market values Grayscale Bitcoin Adopters ETF at 1.54 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 8.75 times EBITDA. This is generally considered low.
How Well Does BCOR Make Money?
Net Profit Margin
For every $100 in sales, Grayscale Bitcoin Adopters ETF keeps $0.47 as profit after all expenses.
Operating Margin
Core operations generate 60.88 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $0.58 in profit for every $100 of shareholder equity.
ROA
Grayscale Bitcoin Adopters ETF generates $0.32 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Grayscale Bitcoin Adopters ETF produces operating cash flow of $233.63K, showing steady but balanced cash generation.
Free Cash Flow
Grayscale Bitcoin Adopters ETF generates strong free cash flow of $201.00K, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $1.87 in free cash annually.
FCF Yield
BCOR converts 36.61% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
366.39
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-1.67
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.54
vs 25 benchmark
P/S Ratio
Price to sales ratio
0.004
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.05
vs 25 benchmark
Current Ratio
Current assets to current liabilities
2.28
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.006
vs 25 benchmark
ROA
Return on assets percentage
0.003
vs 25 benchmark
ROCE
Return on capital employed
0.49
vs 25 benchmark
How BCOR Stacks Against Its Sector Peers
| Metric | BCOR Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 366.39 | 20.97 | Worse (Expensive) |
| ROE | 0.58% | 612.00% | Weak |
| Net Margin | 0.47% | -16901.00% (disorted) | Weak |
| Debt/Equity | 0.05 | 0.90 | Strong (Low Leverage) |
| Current Ratio | 2.28 | 932.77 | Strong Liquidity |
| ROA | 0.32% | -844.00% (disorted) | Weak |
BCOR outperforms its industry in 2 out of 6 key metrics, but lagging in P/E Ratio.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Grayscale Bitcoin Adopters ETF's 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
N/A
Industry Style: Value, Dividend, Cyclical
EPS CAGR
N/A
Industry Style: Value, Dividend, Cyclical
FCF CAGR
N/A
Industry Style: Value, Dividend, Cyclical