WallStSmart

Bit Origin Ltd (BTOG)vsCoinbase Global Inc (COIN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Coinbase Global Inc generates 17426325% more annual revenue ($6.88B vs $39,500). COIN leads profitability with a 18.3% profit margin vs 0.0%. COIN earns a higher WallStSmart Score of 60/100 (C).

BTOG

Avoid

23

out of 100

Grade: F

Growth: 2.7Profit: 2.5Value: 5.0Quality: 6.0
Piotroski: 3/9

COIN

Buy

60

out of 100

Grade: C

Growth: 5.3Profit: 6.5Value: 9.3Quality: 7.0
Piotroski: 2/9Altman Z: 1.78
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BTOG.

COINUndervalued (+26.4%)

Margin of Safety

+26.4%

Fair Value

$208.26

Current Price

$181.10

$27.16 discount

UndervaluedFair: $208.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTOG1 strengths · Avg: 10.0/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

COIN2 strengths · Avg: 8.0/10
PEG RatioValuation
0.758/10

Growing faster than its price suggests

Free Cash FlowQuality
$3.07B8/10

Generating 3.1B in free cash flow

Areas to Watch

BTOG4 concerns · Avg: 3.3/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$3.53M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

COIN4 concerns · Avg: 3.3/10
EPS GrowthGrowth
4.3%4/10

4.3% earnings growth

Altman Z-ScoreHealth
1.784/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
40.7x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : BTOG

The strongest argument for BTOG centers on Price/Book.

Bull Case : COIN

The strongest argument for COIN centers on PEG Ratio, Free Cash Flow. Profitability is solid with margins at 18.3% and operating margin at 11.3%. PEG of 0.75 suggests the stock is reasonably priced for its growth.

Bear Case : BTOG

The primary concerns for BTOG are EPS Growth, Market Cap, Profit Margin.

Bear Case : COIN

The primary concerns for COIN are EPS Growth, Altman Z-Score, Piotroski F-Score. A P/E of 40.7x leaves little room for execution misses.

Key Dynamics to Monitor

BTOG profiles as a value stock while COIN is a declining play — different risk/reward profiles.

COIN carries more volatility with a beta of 3.71 — expect wider price swings.

COIN is growing revenue faster at -22.2% — sustainability is the question.

COIN generates stronger free cash flow (3.1B), providing more financial flexibility.

Bottom Line

COIN scores higher overall (60/100 vs 23/100), backed by strong 18.3% margins. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Bit Origin Ltd

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

China Xiangtai Food Co., Ltd. is engaged in wholesale and retail of feed raw materials in China. The company is headquartered in Chongqing, China.

Coinbase Global Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.

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