Athena Bitcoin Global

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $8.81M TTM free cash flow base (Bitcoin ATM/crypto-transaction network across the US, El Salvador, Argentina, Colombia and Mexico); 3% growth years 1-5, 1.5% years 6-10 (reflecting a maturing/declining Bitcoin-ATM industry, TTM revenue down from $285M in FY2024 to $199M TTM); 18% discount rate (small-cap, thin/negative net income, regulatory and emerging-market currency risk); 2% terminal growth; added back ~$12.08M net cash ($14.78M cash vs $2.70M debt); divided by 4.10B shares outstanding.

Reasoning: Athena Bitcoin Global is a real, revenue-generating (if volatile) crypto-ATM operator, so a heavily risk-adjusted FCF DCF is more defensible than an earnings multiple given its swinging net income; the high discount rate captures its penny-stock/small-cap and regulatory risk.