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 7,928 - -
Change - -78.21% 463.32% 6.21% 38.84% 68.29% - -
Enterprise Value (EV) 1 2,603 567.1 3,195 3,139 5,242 8,072 8,037 8,359
Change - -78.21% 463.32% -1.73% 66.97% 53.99% -0.43% 4.01%
P/E -279x -0.93x -55.3x 30x -6.5x -9.74x -23.2x -17.9x
PBR 1.92x - - 1.12x 1.51x 3.54x 3.82x 4.82x
PEG - -0x 0.6x -0x 0x -0.9x 0.4x -0.6x
Capitalization / Revenue 12.2x 2.19x 11.4x 9.01x 7.28x 12x 10x 8.09x
EV / Revenue 12.2x 2.19x 11.4x 8.33x 8.1x 12.2x 10.2x 8.53x
EV / EBITDA 31.6x -8.44x 14.9x 6.78x 405x -56x 54.9x 25x
EV / EBIT -116x -1.24x -50.7x 20.4x -8.43x -13.3x -46.5x -39.8x
EV / FCF -11.1x - -19.9x -6.34x -6.77x -12.6x -8.7x -3.54x
FCF Yield -8.97% - -5.03% -15.8% -14.8% -7.93% -11.5% -28.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.08 -3.65 -0.28 0.34 -1.95 -2.152 -0.904 -1.171
Distribution rate - - - - - - - -
Net sales 1 213.2 259.2 280.7 376.7 647.4 659.1 790.1 979.7
EBITDA 1 82.42 -67.19 214 463.2 12.96 -144.1 146.3 333.9
EBIT 1 -22.36 -457.3 -63.05 153.6 -622.2 -606.9 -172.7 -210.2
Net income 1 -7.926 -509.6 -49.47 109.4 -663.2 -720.7 -290.8 -437.9
Net Debt 1 - - - -253.6 531 143.7 108.7 430.6
Reference price 2 22.33 3.39 15.47 10.21 12.67 20.96 20.96 20.96
Nbr of stocks (in thousands) 116,583 167,297 206,515 332,326 371,807 378,151 - -
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.($)
-9.74x12.25x-56.02x-.--% 7.93B
-27.06x40.24x-88.04x - 11.51B
-14.3x36.52x111.46x - 10.89B
-23.83x52.95x316.43x-.--% 9.04B
-40.54x27.07x116.07x - 8.9B
-3.67x5.14x-8.21x-.--% 4.8B
-3.95x7.25x-10.1x-.--% 3.3B
-12.17x21.78x-44.29x - 2.81B
-4.5x - - - 891M
Average -15.53x 25.40x 42.16x 0% 6.67B
Weighted average by Cap. -19.80x 30.20x 58.36x 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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