Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Not financial advice. Analytical data for research only.
Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.
Bitcoin Group SE is a Germany-based investment holding company specializing in cryptocurrency and blockchain technology. It operates as a private equity and consulting firm, providing venture capital to innovative business concepts in these sectors. Through its wholly owned subsidiary Bitcoin.de, the company runs one of Europe’s largest Bitcoin trading platforms, offering secure access to digital asset markets for retail and institutional investors. Bitcoin Group SE also delivers a range of financial services, including the integration of traditional finance with digital assets, and maintains Bitcoin holdings on its balance sheet as part of its long-term strategy. Additionally, it has established Germany’s first crypto bank by integrating Bitcoin Deutschland AG into futurum bank AG, enhancing regulated digital asset services. Focused on the European market, particularly within the EU, Bitcoin Group SE emphasizes transparency, regulatory compliance, and infrastructure development to support the broader crypto ecosystem. Founded in 2008 and headquartered in Herford, Germany, it plays a pivotal role in bridging conventional investment with emerging blockchain opportunities.
€23.16
+€0.16 (+0.70%)
EOD Aug 17, 2026
18.63% operating margin is respectable but not wide. ROIC at 0.57%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 20.9% YoY with margins expanding 16.3pp.
At 64x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
64.3x earnings, 64.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€9M
▲ +20.9% YoY
Net Income (TTM)
€2M
▼ -7.4% YoY
Op. Margin
18.63%
▲ +16.3pp YoY
ROIC
0.57%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2M
▲ +155.2% YoY
Op. Cash Flow (TTM)
€2M
▲ +48.3% YoY
Net Debt
-€12M
Net Cash Position
Cash & Equiv.
€13M
3Y CAGR: -28.3%
3Y CAGR: -41.0%
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At a P/E of 64.3 and a price-to-free-cash-flow of 64.8, Bitcoin Group (ADE.XETR) trades above a two-stage DCF intrinsic value of about €8.62 per share, so at €23.16 the stock looks overvalued (62.8% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Bitcoin Group scores 28/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €8.62 per share for ADE.XETR, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €6.47. At today's €23.16, that puts the stock about 62.8% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Bitcoin Group scores 28 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 18.6% operating margin and a 0.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Bitcoin Group pays a regular dividend of about €0.10 per share per year (typically in quarterly installments), a yield of roughly 0.4% at the current price. That is a payout ratio of about 27.9% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ADE.XETR's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. ADE.XETR currently trades above its estimated intrinsic value and scores 28/100 on quality (lower-quality). It also yields about 0.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.