olivLaw · US equity research
BitVentures Limited BVC
Investment Advice · SIC 6282 · Vertical: Investment Advice (SIC 6282)
At the close of 04 Nov 2026, BitVentures Limited (BVC) stock was 16.33 USD (+7.22% on the day), with market capitalisation 138.6 m USD, P/E 39.8 on diluted EPS of 0.41 USD over the last 12 months, beta 0.86, 52-week range 0.73–16.79 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 65.7
- strong (55–70)
- Bollinger (20, 2)
- 11.26 – 15.93
- above the upper band · %B 1.09 · band width 34.3%
- SMA 50 / 200
- 13.48 / 10.92
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.65 / 0.37
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +44.3% | −1.1% | +45.4 pp | — |
| 3 months | +51.2% | −0.5% | +51.7 pp | — |
| 6 months | +59.2% | +4.4% | +54.8 pp | — |
| Year to date | +1,332.5% | +12.3% | +1,320.1 pp | — |
| 1 year | +1,396.8% | +13.5% | +1,383.2 pp | −2.8% |
| 3 years | −77.1% | +76.4% | −153.5 pp | +31.2% |
| 5 years | −71.5% | +63.7% | −135.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 1-quarter history (min 25.6, median 25.6, max 25.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2021 | ⚠ 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | 277.1 m | 9.0 m | 15.3 m | 21.8 m | 0 | 498.0 k |
| Revenue YoY | unavailable | — | +69.8% | +43.0% | −100.0% | unavailable |
| Net income | 31.4 m | -6.3 m | -3.5 m | -743.0 k | -5.4 m | 3.4 m |
| Net income YoY | unavailable | — | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.11 | -0.06 | -0.27 | -1.22 | 0.41 |
| Diluted EPS YoY | unavailable | — | unavailable | unavailable | unavailable | unavailable |
| net % | 11.3% | -69.8% | -22.7% | -3.4% | unavailable | 687.6% |
| Free cash flow | 48.7 m | unavailable | 9.4 m | 2.6 m | -6.5 m | 3.9 m |
The series breaks before 2022: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 4.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 13.9 m USD
- Total assets
- 14.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 44.83x
- ROE
- 28.9%
- ROA
- 28.4%
- FCF margin
- 773.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 277.1 m | 9.0 m | 15.3 m | 21.8 m | 0 | 498.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Gross profit | — | — | — | — | — | 284.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Operating income | 42.5 m | -5.5 m | -3.3 m | -774.0 k | -3.7 m | -2.3 m | SEC (XBRL)· 16 Oct 2026verified |
| Depreciation & amortisation | 3.9 m | 1.7 m | 1.2 m | 1.0 m | 498.0 k | 18.0 k | SEC (XBRL)· 16 Oct 2026verified |
| EBITDA | 46.4 m ≈ | -3.8 m ≈ | -2.2 m ≈ | 240.0 k ≈ | -3.2 m ≈ | -2.2 m ≈ | SEC (XBRL)· 16 Oct 2026derived |
| Pre-tax income | 44.7 m | -6.3 m | -3.2 m | -765.0 k | -5.7 m | 3.4 m | SEC (XBRL)· 16 Oct 2026verified |
| Income tax | 13.3 m | 5.0 k | 0 | 0 | 117.0 k | 0 | SEC (XBRL)· 16 Oct 2026verified |
| Net income | 31.4 m | -6.3 m | -3.5 m | -743.0 k | -5.4 m | 3.4 m | SEC (XBRL)· 16 Oct 2026verified |
| Diluted EPS | — | -0.11 | -0.06 | -0.27 | -1.22 | 0.41 | SEC (XBRL)· 16 Oct 2026verified |
| Weighted average diluted shares | 53.5 k | 56.0 m | 56.0 m | 2.8 m | 4.4 m | 8.4 m | SEC (XBRL)· 16 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 68.0 m | 3.4 m | 12.6 m | 13.3 m | 950.0 k | 4.5 m | SEC (XBRL)· 16 Oct 2026verified |
| Receivables | 92.0 m | 84.1 m | 57.5 m | — | 0 | 2.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Inventories | — | — | — | — | 0 | 34.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Current assets | 228.6 m | 200.0 m | 12.9 m | 15.5 m | 9.9 m | 11.7 m | SEC (XBRL)· 16 Oct 2026verified |
| Property, plant & equipment, net | 3.3 m | 48.4 m | 3.0 k | 3.0 k | 5.0 k | 403.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Goodwill | — | 11.2 m | 35.7 m | — | — | — | SEC (XBRL)· 18 Oct 2023verified |
| Intangibles (excl. goodwill) | 3.8 m | 5.0 m | 2.2 m | — | — | — | SEC (XBRL)· 13 May 2025verified |
| Total assets | 236.9 m | 265.7 m | 17.4 m | 16.7 m | 9.9 m | 14.2 m | SEC (XBRL)· 16 Oct 2026verified |
| Accounts payable | — | — | 461.0 k | — | 0 | 15.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Short-term debt | — | 298.0 k | — | — | — | — | SEC (XBRL)· 12 Oct 2022verified |
| Current liabilities | 123.2 m | 116.2 m | 12.5 m | 13.9 m | 158.0 k | 260.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Total liabilities | 125.3 m | 116.9 m | 14.2 m | 14.2 m | 158.0 k | 283.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Equity | 11.1 m † | 5.9 m † | 3.2 m | 2.6 m † | 9.7 m † | 13.9 m † | SEC (XBRL)· 16 Oct 2026verified |
| Shares outstanding at year end | 50.0 m | — | — | — | 159.8 m | 8.5 m | SEC (XBRL)· 16 Oct 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 50.5 m | -107.0 k | 9.4 m | 2.6 m | -6.5 m | 4.3 m | SEC (XBRL)· 16 Oct 2026verified |
| Capex | 1.8 m | — | 0 | 0 | 2.0 k | 464.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Free cash flow | 48.7 m ≈ | — | 9.4 m ≈ | 2.6 m ≈ | -6.5 m ≈ | 3.9 m ≈ | SEC (XBRL)· 16 Oct 2026derived |
| Investing cash flow | -2.2 m | -44.4 m | -256.0 k | 0 | -8.8 m | -801.0 k | SEC (XBRL)· 16 Oct 2026verified |
| Financing cash flow | 28.0 m | -155.0 k | 0 | 0 | 1.0 m | 0 | SEC (XBRL)· 16 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 138.6 m USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 4.86 – 11.83 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E4.86 – 11.83 (Mid 8.76)29 companies used · median multiple 21.4x · quartiles 11.9x – 28.9xAAMI, ABX, AMG, AMP, APAM, APO, ARES, BEN, BX, CG, EVR, FHI, GCMG, GROW, HLI, HNNA, KKR, LAZ, MORN, NOAH, PAX, PJT, RILY, RPC, TROW, VALU, VCTR, VRTS, WHG
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 687.6% | 100 (vs peers) | 14% |
| FCF conversion · Quality | 112.4% | 100 (on a fixed band) | 14% |
| Revenue CAGR 3Y · Growth | -68.0% | 0 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 44.8x | 100 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 39.8x | 18 (vs peers) | 24% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.8% | 35 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality100/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation26/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BitVentures Limited (BVC). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 498.0 k USD in 2026; net margin 687.6%; ROE 28.9%.
The estimated value range is 4.86–11.83 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 8.76 USD, the price of 16.33 USD leaves a potential of -46.3% (value / price − 1) and a margin of safety of -86.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 687.6%
- FCF conversion: 112.4%
- Current ratio: 44.8x
What contradicts it
- Revenue CAGR 3Y: -68.0%
- P/E (TTM): 39.8x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Investment Advice (SIC 6282) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BXBlackstone Inc. | 94.3 bn | 28.1 | 40.5% | 21.8% | +9.2% | −14% / +12% |
| KKRKkr & Co. Inc. | 91.0 bn | 28.9 | 10.6% | 14.8% | −11.0% | −17% / +34% |
| APOApollo Global Management, Inc. | 72.5 bn | 43.8 | 9.3% | 5.2% | +22.7% | −7% / +33% |
| AMPAmeriprise Financial, Inc. | 45.8 bn | 11.9 | 72.0% | 20.7% | +5.5% | +16% / +49% |
| TROWPrice T Rowe Group Inc | 24.0 bn | 11.3 | 19.7% | 28.4% | +3.1% | +10% / +12% |
| BENFranklin Resources Inc | 17.2 bn | 22.8 | 6.8% | 8.7% | +3.5% | +50% / +37% |
| CGCarlyle Group Inc. | 15.2 bn | 44.6 | 5.2% | 10.1% | −11.9% | −22% / +25% |
| ARESAres Management Corporation | 14.1 bn | 22.2 | 15.3% | 12.0% | +28.9% | −13% / +22% |
| IVZInvesco Ltd. | 12.9 bn | — | -0.6% | -1.2% | +5.1% | +20% / +106% |
| AMGAffiliated Managers Group, Inc. | 9.4 bn | 17.8 | 18.9% | 26.9% | +1.6% | +36% / +169% |
| MORNMorningstar, Inc. | 9.1 bn | 21.4 | 35.1% | 17.0% | +7.5% | +14% / −14% |
| VCTRVictory Capital Holdings, Inc. | 7.4 bn | 20.6 | 19.0% | 29.6% | +46.2% | +91% / +274% |
| MAASMAASE Inc. | 4.9 bn | — | -7.2% | -102.1% | −75.2% | +182% / −95% |
| LAZLazard, Inc. | 4.5 bn | 24.4 | 20.6% | 5.5% | +1.5% | −19% / +36% |
| PJTPJT Partners Inc. | 3.9 bn | 19.7 | 83.2% | 10.6% | +14.8% | −6% / +76% |
| APAMArtisan Partners Asset Management Inc. | 3.3 bn | 9.3 | 73.1% | 24.5% | +7.6% | −2% / +7% |
| AAMIAcadian Asset Management Inc. | 3.3 bn | 32.4 | — | 15.2% | +11.5% | +104% / +425% |
| NOAHNoah Holdings Ltd | 2.4 bn | 30.7 | 5.8% | 21.4% | +4.8% | −31% / −45% |
| ABXAbacus Global Management, Inc. | 885.0 m | 32.5 | 6.6% | 10.5% | +110.2% | +37% / +31% |
| VRTSVirtus Investment Partners, Inc. | 853.6 m | 7.4 | 12.6% | 14.0% | −6.0% | −19% / −34% |
| GCMGGCM Grosvenor Inc. | 550.6 m | 30.0 | 682.1% | 7.8% | +8.5% | +19% / +61% |
| VALUValue Line, Inc. | 416.6 m | 21.0 | 18.7% | 60.3% | −4.7% | +20% / +6% |
| WHGWestwood Holdings Group, Inc. | 182.5 m | 21.9 | 6.4% | 7.8% | +3.2% | +14% / +75% |
| RILYBRC Group Holdings, Inc. | 154.0 m | 0.3 | — | 35.9% | +29.6% | −12% / −79% |
| BVCBitVentures Limited | 138.6 m | 39.8 | 28.9% | 687.6% | unavailable | +1,397% / −77% |
1- and 3-year price returns: for BVC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 8.59 Total return -47% · Per year -47% | 15.27 Total return -6% · Per year -6% | 23.11 Total return 41% · Per year 41% |
| 3 years | 6.82 Total return -58% · Per year -25% | 13.78 Total return -16% · Per year -6% | 23.11 Total return 41% · Per year 12% |
| 5 years | 5.42 Total return -67% · Per year -20% | 12.44 Total return -24% · Per year -5% | 23.11 Total return 41% · Per year 7% |
- Exit P/E± 3.45
- Net margin± 2.41
- Annual revenue growth± 2.18
- Annual dilution± 0.20
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Annual report (foreign issuer)16 Oct 2026
- Current report (foreign issuer)16 Jun 2026
- Current report (foreign issuer)20 Apr 2026
- Current report (foreign issuer)07 Jan 2026
- Current report (foreign issuer)02 Jan 2026
- Current report (foreign issuer)30 Dec 2025
- Current report (foreign issuer)23 Dec 2025
- Current report (foreign issuer)19 Dec 2025
- Current report (foreign issuer)02 Dec 2025
- Current report (foreign issuer)05 Nov 2025
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.