company background image
RIOT

Riot BlockchainNasdaqCM:RIOT Stock Report

Market Cap

US$2.5b

7D

-5.8%

1Y

834.1%

Updated

28 Sep, 2021

Data

Company Financials +
RIOT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends0/6

RIOT Overview

Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America.

Riot Blockchain Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Riot Blockchain
Historical stock prices
Current Share PriceUS$25.78
52 Week HighUS$2.50
52 Week LowUS$79.50
Beta4.44
1 Month Change-33.16%
3 Month Change-31.56%
1 Year Change834.06%
3 Year Change653.80%
5 Year Change844.32%
Change since IPO-95.70%

Recent News & Updates

Shareholder Returns

RIOTUS SoftwareUS Market
7D-5.8%0.6%2.0%
1Y834.1%34.7%32.8%

Return vs Industry: RIOT exceeded the US Software industry which returned 34.7% over the past year.

Return vs Market: RIOT exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is RIOT's price volatile compared to industry and market?
RIOT volatility
RIOT Beta4.44
Industry Beta0.95
Market Beta1

Stable Share Price: RIOT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: RIOT's weekly volatility has decreased from 22% to 11% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20008Jason Leshttps://www.riotblockchain.com

Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners.

Riot Blockchain Fundamentals Summary

How do Riot Blockchain's earnings and revenue compare to its market cap?
RIOT fundamental statistics
Market CapUS$2.47b
Earnings (TTM)US$29.06m
Revenue (TTM)US$65.30m

85.1x

P/E Ratio

37.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RIOT income statement (TTM)
RevenueUS$65.30m
Cost of RevenueUS$21.70m
Gross ProfitUS$43.60m
ExpensesUS$14.54m
EarningsUS$29.06m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin66.77%
Net Profit Margin44.50%
Debt/Equity Ratio0%

How did RIOT perform over the long term?

See historical performance and comparison

Valuation

Is Riot Blockchain undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RIOT ($25.78) is trading below our estimate of fair value ($294.1)

Significantly Below Fair Value: RIOT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RIOT is poor value based on its PE Ratio (85.1x) compared to the US Software industry average (60.1x).

PE vs Market: RIOT is poor value based on its PE Ratio (85.1x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: RIOT is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: RIOT is good value based on its PB Ratio (3.5x) compared to the US Software industry average (7.8x).


Future Growth

How is Riot Blockchain forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

62.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RIOT's forecast earnings growth (62.4% per year) is above the savings rate (2%).

Earnings vs Market: RIOT's earnings (62.4% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RIOT's revenue (63.7% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: RIOT's revenue (63.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RIOT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Riot Blockchain performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RIOT has a high level of non-cash earnings.

Growing Profit Margin: RIOT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RIOT has become profitable over the past 5 years, growing earnings by 3% per year.

Accelerating Growth: RIOT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RIOT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (22.1%).


Return on Equity

High ROE: RIOT's Return on Equity (4.1%) is considered low.


Financial Health

How is Riot Blockchain's financial position?


Financial Position Analysis

Short Term Liabilities: RIOT's short term assets ($221.3M) exceed its short term liabilities ($37.5M).

Long Term Liabilities: RIOT's short term assets ($221.3M) exceed its long term liabilities ($154.7M).


Debt to Equity History and Analysis

Debt Level: RIOT is debt free.

Reducing Debt: RIOT has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.

Debt Coverage: RIOT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RIOT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Riot Blockchain current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RIOT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RIOT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RIOT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RIOT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RIOT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure


CEO

Jason Les (35 yo)

0.58

Tenure

US$453,000

Compensation

Mr. Jason Les serves as the Chief Executive Officer since February 8, 2021 and serves as the Non Independent Executive Director at Riot Blockchain, Inc. since November 2017 and was its Member of Advisory B...


Leadership Team

Experienced Management: RIOT's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: RIOT's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 102.4%.


Top Shareholders

Company Information

Riot Blockchain, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Riot Blockchain, Inc.
  • Ticker: RIOT
  • Exchange: NasdaqCM
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$2.474b
  • Shares outstanding: 95.95m
  • Website: https://www.riotblockchain.com

Number of Employees


Location

  • Riot Blockchain, Inc.
  • 202 6th Street
  • Suite 401
  • Castle Rock
  • Colorado
  • 80104
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 23:20
End of Day Share Price2021/09/28 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.