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 7,359 - -
Change - -78.21% 463.32% 6.21% 38.84% 56.21% - -
Enterprise Value (EV) 1 2,603 567.1 3,195 3,139 5,242 7,684 9,315 10,535
Change - -78.21% 463.32% -1.73% 66.97% 46.6% 21.22% 13.09%
P/E -279x -0.93x -55.3x 30x -6.5x -7.13x -14.1x -16.3x
PBR 1.92x - - 1.12x 1.51x 3.74x 14.9x -122x
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 9.2x 5.96x
EV / Revenue 12.2x 2.19x 11.4x 8.33x 8.1x 11.4x 11.6x 8.54x
EV / EBITDA 31.6x -8.44x 14.9x 6.78x 405x -31.7x 61.9x 25.8x
EV / EBIT -116x -1.24x -50.7x 20.4x -8.43x -8.55x -22.7x -58.5x
EV / FCF -11.1x - -19.9x -6.34x -6.77x -7.13x -5.26x -4.07x
FCF Yield -8.97% - -5.03% -15.8% -14.8% -14% -19% -24.6%
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 19.61 19.61 19.61
Nbr of stocks (in thousands) 1,16,583 1,67,297 2,06,515 3,32,326 3,71,807 3,75,259 - -
Announcement Date 16/03/22 02/03/23 22/02/24 24/02/25 02/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-64.39x8.53x39.77x-.--% 4.92TCr
-21.27x13.9x20.77x-.--% 1.61TCr
-1.21x - - - 1.59TCr
-16.16x48.54x-49.78x - 1.06TCr
-7.43x11.68x-32.58x-.--% 756.15Cr
-4.66x43.58x202.71x - 738.47Cr
-27.4x18.04x43.63x - 710.31Cr
-12.06x47.62x-334.8x-.--% 656.79Cr
-8.77x - - -.--% 529.1Cr
Average -18.15x 27.41x -15.75x 0% 1.4TCr
Weighted average by Cap. -32.69x 19.23x 10.75x 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.