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 7,404 - -
Change - -78.21% 463.32% 6.21% 38.84% 57.17% - -
Enterprise Value (EV) 1 2,603 567.1 3,195 3,139 5,242 7,729 9,360 10,580
Change - -78.21% 463.32% -1.73% 66.97% 47.46% 21.1% 13.03%
P/E -279x -0.93x -55.3x 30x -6.5x -7.17x -14.1x -16.4x
PBR 1.92x - - 1.12x 1.51x 3.76x 15x -123x
PEG - -0x 0.6x -0x 0x -0.2x 0.3x 1.2x
Capitalization / Revenue 12.2x 2.19x 11.4x 9.01x 7.28x 10.9x 9.26x 6x
EV / Revenue 12.2x 2.19x 11.4x 8.33x 8.1x 11.4x 11.7x 8.57x
EV / EBITDA 31.6x -8.44x 14.9x 6.78x 405x -31.9x 62.2x 25.9x
EV / EBIT -116x -1.24x -50.7x 20.4x -8.43x -8.6x -22.8x -58.7x
EV / FCF -11.1x - -19.9x -6.34x -6.77x -7.17x -5.29x -4.09x
FCF Yield -8.97% - -5.03% -15.8% -14.8% -14% -18.9% -24.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.08 -3.65 -0.28 0.34 -1.95 -2.752 -1.396 -1.2
Distribution rate - - - - - - - -
Net sales 1 213.2 259.2 280.7 376.7 647.4 676.5 799.8 1,234
EBITDA 1 82.42 -67.19 214 463.2 12.96 -242.1 150.6 408.4
EBIT 1 -22.36 -457.3 -63.05 153.6 -622.2 -899.2 -410 -180.1
Net income 1 -7.926 -509.6 -49.47 109.4 -663.2 -949.2 -500.7 -441.3
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 19.73 19.73 19.73
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.($)
-7.17x11.43x-31.93x-.--% 7.4B
-63.46x8.36x38.85x-.--% 48.28B
-21.73x14.03x20.95x-.--% 16.46B
-1.2x - - - 15.85B
-16.82x50.03x-51.31x - 11.05B
-4.88x44.89x208.78x - 7.73B
-28.53x18.4x44.49x - 7.4B
-11.97x47.39x-333.25x-.--% 6.52B
-3.95x12.63x38.04x-.--% 5.29B
-8.6x - - -.--% 5.19B
Average -16.83x 25.89x -8.17x 0% 13.12B
Weighted average by Cap. -31.04x 19.35x 12.61x 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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  4. Valuation Riot Platforms, Inc.