NasdaqCM:RIOT

Stock Analysis Report

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Executive Summary

Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem. More Details


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has Riot Blockchain's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RIOT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.1%

RIOT

-2.5%

US Software

-2.4%

US Market


1 Year Return

98.8%

RIOT

64.1%

US Software

18.2%

US Market

Return vs Industry: RIOT exceeded the US Software industry which returned 64.1% over the past year.

Return vs Market: RIOT exceeded the US Market which returned 19.5% over the past year.


Shareholder returns

RIOTIndustryMarket
7 Day-2.1%-2.5%-2.4%
30 Day8.2%9.6%4.2%
90 Day41.0%9.8%6.3%
1 Year98.8%98.8%65.3%64.1%20.9%18.2%
3 Year-58.2%-58.2%147.3%139.0%41.2%31.8%
5 Year70.7%52.2%256.2%235.2%84.8%63.9%

Price Volatility Vs. Market

How volatile is Riot Blockchain's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

4.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RIOT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RIOT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RIOT is unprofitable, so we can't compare its PE Ratio to the US Software industry average.

PE vs Market: RIOT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RIOT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RIOT is good value based on its PB Ratio (4.3x) compared to the US Software industry average (7.4x).


Next Steps

Future Growth

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

33.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RIOT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: RIOT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: RIOT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: RIOT's revenue (126.7% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: RIOT's revenue (126.7% 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


Next Steps

Past Performance

How has Riot Blockchain performed over the past 5 years?

-31.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RIOT is currently unprofitable.

Growing Profit Margin: RIOT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RIOT is unprofitable, and losses have increased over the past 5 years at a rate of 31.5% per year.

Accelerating Growth: Unable to compare RIOT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RIOT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (12.8%).


Return on Equity

High ROE: RIOT has a negative Return on Equity (-72.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is Riot Blockchain's financial position?


Financial Position Analysis

Short Term Liabilities: RIOT's short term assets ($17.2M) exceed its short term liabilities ($1.3M).

Long Term Liabilities: RIOT's short term assets ($17.2M) exceed its long term liabilities ($728.0K).


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 10.3%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RIOT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RIOT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.9% each year


Next Steps

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?

2.9yrs

Average board tenure


CEO

Jeff McGonegal (69 yo)

1.67yrs

Tenure

US$516,439

Compensation

Mr. Jeffrey G. McGonegal, also known as Jeff, has been the Principal of McGonegal and Co. since 1997. He is the Chief Financial Officer at Riot Blockchain, Inc. He has been Chief Executive Officer at Riot ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD516.44K) is below average for companies of similar size in the US market ($USD1.27M).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Frank Bishop
Member of Advisory Board2.92yrsno datano data
Remo Mancini
Independent Chairman of the Board2.08yrsUS$1.27m1.83%
$ 3.0m
David Flum
Member of the Medical Advisory Board11.33yrsno datano data
David Talan
Member of the Medical Advisory Board11.33yrsno datano data
Douglas Owens
Member of the Medical Advisory Board11.33yrsno datano data
Steven Wolf
Member of The Medical Advisory Board11.33yrsno datano data
Cory Klippsten
Member of Industry Leading Advisory Board1.25yrsno datano data
Soo Li Yi
Independent Director2yrsUS$451.87k0.33%
$ 537.9k
Yan Pritzker
Member of Industry Leading Advisory Board1.25yrsno datano data
Jason Les
Independent Director2.92yrsUS$574.27k0.73%
$ 1.2m
Pierre Rochard
Member of Industry Leading Advisory Board1.25yrsno datano data

2.9yrs

Average Tenure

53yo

Average Age

Experienced Board: RIOT's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: RIOT insiders have only sold shares 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 107.7%.


Top Shareholders

Company Information

Riot Blockchain, Inc.'s company bio, 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$161.445m
  • Shares outstanding: 48.92m
  • Website: https://www.riotblockchain.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RIOTNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 2003
AP4NDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2003
0KX0LSE (London Stock Exchange)YesCommon StockGBEURJan 2003

Biography

Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem. It is involved in digital currency mining operation, which utilizes ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:20
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.