Company Valuation: Riot Platforms, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,603 567.1 3,195 3,393 4,711 8,181 - -
Change - -78.21% 463.32% 6.21% 38.84% 73.66% - -
Enterprise Value (EV) 1 2,603 567.1 3,195 3,139 5,242 8,506 10,137 11,356
Change - -78.21% 463.32% -1.73% 66.97% 62.28% 19.17% 12.03%
P/E -279x -0.93x -55.3x 30x -6.5x -8.08x -17.2x -19.7x
PBR 1.92x - - 1.12x 1.51x 4.16x 16.5x -136x
PEG - -0x 0.6x -0x 0x -0.2x 0.3x 1.6x
Capitalization / Revenue 12.2x 2.19x 11.4x 9.01x 7.28x 12.1x 10x 6.42x
EV / Revenue 12.2x 2.19x 11.4x 8.33x 8.1x 12.6x 12.4x 8.91x
EV / EBITDA 31.6x -8.44x 14.9x 6.78x 405x -36.6x 64.4x 25x
EV / EBIT -116x -1.24x -50.7x 20.4x -8.43x -9.85x -29.5x -68.3x
EV / FCF -11.1x - -19.9x -6.34x -6.77x -7.11x -5.35x -4.74x
FCF Yield -8.97% - -5.03% -15.8% -14.8% -14.1% -18.7% -21.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.08 -3.65 -0.28 0.34 -1.95 -2.697 -1.266 -1.109
Distribution rate - - - - - - - -
Net sales 1 213.2 259.2 280.7 376.7 647.4 675.4 818.1 1,274
EBITDA 1 82.42 -67.19 214 463.2 12.96 -232.7 157.3 453.9
EBIT 1 -22.36 -457.3 -63.05 153.6 -622.2 -863.5 -343.9 -166.2
Net income 1 -7.926 -509.6 -49.47 109.4 -663.2 -915.4 -459.7 -412.3
Net Debt 1 - - - -253.6 531 325.5 1,956 3,176
Reference price 2 22.33 3.39 15.47 10.21 12.67 21.80 21.80 21.80
Nbr of stocks (in thousands) 116,583 167,297 206,515 332,326 371,807 375,259 - -
Announcement Date 3/16/22 A 3/2/23 A 2/22/24 A 2/24/25 A 3/2/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-16.59x42.46x-45.74x - 10.86B
-5.06x42.95x174.8x - 8.1B
-32.64x21.36x51.16x - 7.55B
-7.84x12.23x-35.5x-.--% 7.93B
-13.01x47.4x-493.27x-.--% 7.21B
-2.3x5.57x-3.81x-.--% 4.48B
-3.06x7.87x-7.5x-.--% 3.23B
-6.59x17.19x-25.52x - 2.07B
Average -10.89x 24.63x -48.17x 0% 6.43B
Weighted average by Cap. -12.78x 29.06x -51.07x 0%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Riot Platforms, Inc.