BTDR - Bitdeer Technologies Group
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$19.70
DETAILS
HIGH:
$30.00
LOW:
$5.90
MEDIAN:
$22.00
CONSENSUS:
$19.70
UPSIDE:
34.47%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 620.3 | 349.8 | 368.6 | 333.3 | 394.7 | 186.4 | 88.8 |
| Cost of Revenue | 559.3 | 283.4 | 290.7 | 250.1 | 153.3 | 209.6 | 98.8 |
| Gross Profit | 61.0 | 66.4 | 77.8 | 83.3 | 241.4 | (23.2) | (10.1) |
| Operating Expenses | |||||||
| R&D Expenses | 153.9 | 76.9 | 29.5 | 35.4 | 29.5 | 9.8 | 4.7 |
| SG&A Expenses | 91.1 | 72.4 | 74.7 | 105.1 | 98.2 | 25.8 | 10.7 |
| Other Expenses | 0.6 | 6.5 | 29.8 | (0.0) | (17.1) | 4.6 | 5.8 |
| Operating Expenses | 245.6 | 155.8 | 134.0 | 140.5 | 110.6 | 40.2 | 21.2 |
| Operating Income | |||||||
| Operating Income | (184.6) | (89.4) | (56.2) | (57.3) | 130.8 | (63.4) | (31.3) |
| Interest Expense | 99.3 | 17.9 | 5.4 | 5.4 | 2.6 | 0.8 | 1.0 |
| Interest Income | 7.6 | 7.6 | 8.0 | 4.3 | 2.9 | 0.4 | 1.2 |
| Profitability | |||||||
| EBITDA | 338.3 | (502.6) | 29.7 | 6.9 | 196.4 | 49.1 | 17.6 |
| EBIT | 170.2 | (583.7) | (45.9) | (59.6) | 133.3 | (63.0) | (29.9) |
| Income Before Tax | 70.8 | (601.6) | (51.0) | (64.8) | 130.9 | (63.8) | (30.8) |
| Income Tax Expense | 5.2 | (2.4) | 5.7 | (4.4) | 48.2 | (8.0) | (2.9) |
| Net Income | 65.6 | (599.2) | (56.7) | (60.4) | 82.6 | (55.8) | (27.9) |
| Per Share Data | |||||||
| EPS (Basic) | 0.32 | -4.36 | -0.51 | -0.54 | 0.74 | -0.50 | -0.00 |
| EPS (Diluted) | 0.28 | -4.36 | -0.51 | -0.54 | 0.74 | -0.50 | -0.00 |
| Shares Outstanding | 45.9 | 137.4 | 110.5 | 111.3 | 111.3 | 111.3 | 12,670.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 171.7 | 476.3 | 144.7 | 231.4 | 372.1 | 44.8 |
| Short-Term Investments | 5.0 | 42.5 | 16.4 | 0 | 0 | 6.1 |
| Net Receivables | 176.6 | 25.1 | 17.5 | 22.0 | 20.7 | 2.0 |
| Inventory | 252.0 | 64.9 | 0.3 | 0 | 0 | 0 |
| Other Current Assets | 781.4 | 17.4 | (8.1) | 11.5 | 10.3 | 624.6 |
| Total Current Assets | 1,386.6 | 626.2 | 260.3 | 319.6 | 424.2 | 677.5 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 525.1 | 388.0 | 277.0 | 226.4 | 208.0 | 135.1 |
| Goodwill | 35.8 | 35.8 | 0 | 0 | 0 | 0 |
| Intangible Assets | 93.4 | 83.2 | 4.8 | 0.3 | 0.1 | 0.1 |
| Long-Term Investments | 107.2 | 38.0 | 36.8 | 61.0 | 1.2 | 0 |
| Other Non-Current Assets | 645.3 | 57.2 | 59.6 | 39.3 | 8.7 | 40.6 |
| Total Non-Current Assets | 1,417.9 | 608.4 | 379.1 | 331.8 | 222.8 | 175.8 |
| Total Assets | 2,804.6 | 1,557.9 | 639.4 | 651.4 | 647.0 | 853.3 |
| Current Liabilities | ||||||
| Account Payables | 119.8 | 31.5 | 32.5 | 15.8 | 17.7 | 3.1 |
| Short-Term Debt | 763.0 | 208.1 | 0 | 0 | 0 | 24.8 |
| Deferred Revenue | 64.4 | 0 | 49.5 | 182.3 | 213.4 | 0 |
| Other Current Liabilities | 560.1 | 801.0 | (9.7) | 1.3 | 0 | 638.4 |
| Total Current Liabilities | 1,520.7 | 1,100.1 | 121.2 | 221.2 | 258.9 | 678.1 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 336.3 | 0 | 22.6 | 29.8 | 29.5 | 0.9 |
| Deferred Tax Liabilities | 14.1 | 16.6 | 1.6 | 11.6 | 7.5 | 0 |
| Other Non-Current Liabilities | (86.6) | 1.6 | 1.7 | 0 | 0 | 11.6 |
| Total Non-Current Liabilities | 416.1 | 181.1 | 185.6 | 111.9 | 100.0 | 29.3 |
| Total Liabilities | 1,936.7 | 1,281.3 | 306.8 | 333.1 | 358.9 | 707.4 |
| Stockholders' Equity | ||||||
| Common Stock | 0 | 0 | 0 | 0 | 0.0 | 145.9 |
| Retained Earnings | (583.4) | (649.0) | (49.9) | 6.8 | 67.2 | 0 |
| Accumulated Other Comprehensive Income | 1,776.9 | 1,086.5 | 385.0 | 311.5 | 220.9 | 0 |
| Total Stockholders' Equity | 867.8 | 276.6 | 332.6 | 318.3 | 288.1 | 145.9 |
| Total Liabilities & Equity | 2,804.6 | 1,557.9 | 639.4 | 651.4 | 647.0 | 853.3 |
| Debt Metrics | ||||||
| Total Debt | 1,188.3 | 286.3 | 92.8 | 100.2 | 92.4 | 47.6 |
| Net Debt | 1,016.6 | (190.0) | (51.9) | (131.1) | (279.7) | 2.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 65.6 | (599.2) | (56.7) | (60.4) | 82.6 | (55.8) | (27.9) |
| Depreciation & Amortization | 0 | 81.1 | 75.5 | 66.4 | 63.1 | 112.0 | 47.5 |
| Stock-Based Compensation | 0 | 34.0 | 45.5 | 90.6 | 88.4 | 0 | 0 |
| Change in Working Capital | 0 | (320.4) | (35.3) | (40.7) | 17.2 | 9.5 | 2.6 |
| Other Non-Cash Items | (1,804.3) | 182.4 | (306.6) | (319.7) | (352.0) | (166.9) | (78.8) |
| Operating Cash Flow | (1,738.7) | (622.1) | (271.8) | (268.0) | (52.5) | (109.2) | (56.6) |
| Investing Activities | |||||||
| Capital Expenditure | (267.7) | (127.2) | (126.3) | (63.2) | (89.5) | (143.9) | (66.3) |
| Acquisitions | 0 | (6.1) | 0 | (16.8) | (14.9) | 0 | 0 |
| Purchases of Investments | 0 | (2.8) | (4.4) | (61.5) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 31.1 | 1.2 | 0 | 0 | 0 |
| Other Investing Activities | 306.5 | 248.7 | 299.5 | 274.2 | 498.9 | 206.6 | (108.3) |
| Investing Cash Flow | 38.9 | 112.7 | 199.9 | 133.8 | 394.6 | 62.7 | (174.6) |
| Financing Activities | |||||||
| Net Debt Issuance | 1,194.2 | 529.5 | (12.2) | (3.9) | (3.5) | 5.5 | (2.9) |
| Stock Repurchased | (65.0) | (0.6) | (2.6) | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 239.9 | (169.8) | (8.2) | 0 | (10.9) | 25.2 | 229.3 |
| Financing Cash Flow | 1,369.0 | 844.3 | (13.5) | (3.9) | (14.4) | 30.8 | 226.4 |
| Cash Position | |||||||
| Net Change in Cash | (326.9) | 331.5 | (86.6) | (140.7) | 327.3 | (15.1) | (5.5) |
| Cash at Beginning | 476.3 | 144.7 | 231.4 | 372.1 | 44.8 | 59.8 | 65.3 |
| Cash at End | 149.4 | 476.3 | 144.7 | 231.4 | 372.1 | 44.8 | 59.8 |
| Free Cash Flow | (2,006.4) | (749.3) | (398.1) | (331.2) | (142.0) | (253.1) | (122.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 620.3 | 349.8 | 368.6 | 333.3 | 394.7 | 186.4 | 88.8 |
| Gross Profit | 61.0 | 66.4 | 77.8 | 83.3 | 241.4 | (23.2) | (10.1) |
| Operating Income | (184.6) | (89.4) | (56.2) | (57.3) | 130.8 | (63.4) | (31.3) |
| Net Income | 65.6 | (599.2) | (56.7) | (60.4) | 82.6 | (55.8) | (27.9) |
| EPS (Diluted) | 0.28 | -4.36 | -0.51 | -0.54 | 0.74 | -0.50 | -0.00 |
| Balance Sheet | |||||||
| Cash & Equivalents | 171.7 | 476.3 | 144.7 | 231.4 | 372.1 | 44.8 | |
| Total Assets | 2,804.6 | 1,557.9 | 639.4 | 651.4 | 647.0 | 853.3 | |
| Total Debt | 1,188.3 | 286.3 | 92.8 | 100.2 | 92.4 | 47.6 | |
| Stockholders' Equity | 867.8 | 276.6 | 332.6 | 318.3 | 288.1 | 145.9 | |
| Cash Flow | |||||||
| Operating Cash Flow | (1,738.7) | (622.1) | (271.8) | (268.0) | (52.5) | (109.2) | (56.6) |
| Capital Expenditure | (267.7) | (127.2) | (126.3) | (63.2) | (89.5) | (143.9) | (66.3) |
| Free Cash Flow | (2,006.4) | (749.3) | (398.1) | (331.2) | (142.0) | (253.1) | (122.9) |