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 7,126 - -
Change - -78.21% 463.32% 6.21% 38.84% 51.27% - -
Enterprise Value (EV) 1 2,603 567.1 3,195 3,139 5,242 7,452 9,082 10,302
Change - -78.21% 463.32% -1.73% 66.97% 42.16% 21.88% 13.43%
P/E -279x -0.93x -55.3x 30x -6.5x -7.09x -15.1x -17.6x
PBR 1.92x - - 1.12x 1.51x 3.62x 14.4x -118x
PEG - -0x 0.6x -0x 0x -0.2x 0.3x 1.2x
Capitalization / Revenue 12.2x 2.19x 11.4x 9.01x 7.28x 10.6x 8.61x 5.57x
EV / Revenue 12.2x 2.19x 11.4x 8.33x 8.1x 11.1x 11x 8.05x
EV / EBITDA 31.6x -8.44x 14.9x 6.78x 405x -32.7x 54x 22.1x
EV / EBIT -116x -1.24x -50.7x 20.4x -8.43x -8.63x -26.4x -62x
EV / FCF -11.1x - -19.9x -6.34x -6.77x -6.23x -4.79x -4.3x
FCF Yield -8.97% - -5.03% -15.8% -14.8% -16% -20.9% -23.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.08 -3.65 -0.28 0.34 -1.95 -2.677 -1.259 -1.081
Distribution rate - - - - - - - -
Net sales 1 213.2 259.2 280.7 376.7 647.4 674.2 827.4 1,280
EBITDA 1 82.42 -67.19 214 463.2 12.96 -227.6 168.3 467.1
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 18.99 18.99 18.99
Nbr of stocks (in thousands) 116,583 167,297 206,515 332,326 371,807 375,259 - -
Announcement Date 3/16/22 3/2/23 2/22/24 2/24/25 3/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-14.96x38.8x-41.8x - 9.79B
-4.78x41.34x168.25x - 7.66B
-31.92x21.16x50.68x - 7.39B
-7.09x11.05x-32.74x-.--% 7.13B
-11.36x43.28x-450.35x-.--% 6.3B
-2.12x5.01x-3.46x-.--% 4.12B
-2.85x7.45x-7.68x-.--% 2.99B
-6.49x16.52x-25.16x - 1.99B
Average -10.20x 23.08x -42.78x 0% 5.92B
Weighted average by Cap. -12.06x 27.02x -40.16x 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.