COMP <GO>
NCTY vs BTCS // EV/EBITDA & P/E VALUATION
The9 Limited American Depository Shares (NASDAQ) VS. BTCS Inc. (NASDAQ) • 15-METRIC TALLY: NCTY 2
— BTCS 5
■ METRIC PARITY
LAST: $2.67 (-10.70%) • MKT CAP: $45.7M
valuation
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LAST: $0.96 (-7.26%) • MKT CAP: $54.6M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NCTY VS. BTCS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NCTY | BTCS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | -23.90% | -11.10 | BTCS | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -9.48% | -16.82% | +7.34 | NCTY | /fcf-yield <GO> |
| Operating Margin | -60.00% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | — | -60.00% | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 0.80% | 180.00% | -179.20 | BTCS | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 4.60% | -4.60 | BTCS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 1/9 | 3/9 | -2.00 | BTCS | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 37.1 | 35.9 | +1.20 | NCTY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $45.7M | $54.6M | -$8.9M | BTCS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NCTY REV | BTCS REV | NCTY GROSS % | BTCS GROSS % | NCTY FCF | BTCS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $15.4M | $16.5M | — | — | -$4.5M | -$9.8M |
| FY 2024 | $15.3M | $4.1M | — | — | -$6.1M | -$3.5M |
| FY 2023 | $25.2M | $1.3M | — | — | -$6.5M | -$3.6M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NCTY // BETA —
BTCS // BETA —