Company Valuation: B. Riley Financial, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 376.7 668.3 1,125 2,450 977.5 641.9
Change - 77.42% 68.28% 117.84% -60.1% -34.33%
Enterprise Value (EV) 1 464.7 975.6 1,299 2,739 2,116 1,761
Change - 109.92% 33.16% 110.83% -22.73% -16.78%
P/E ratio 24.5x 8.54x 5.85x 5.89x -5.74x -5.69x
PBR 1.44x 1.86x 2.22x 3.71x 2.18x 2.16x
PEG - 0x 0x 0.1x 0x 0.1x
Capitalization / Revenue 1.03x 1.17x 1.41x 1.54x 1.12x 0.49x
EV / Revenue 1.27x 1.71x 1.63x 1.72x 2.42x 1.34x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.32 0.51 1.175 2.5 4 4
Rate of return 2.25% 2.03% 2.66% 2.81% 11.7% 19.1%
EPS 2 0.58 2.95 7.56 15.09 -5.954 -3.69
Distribution rate 55.2% 17.3% 15.5% 16.6% -67.2% -108%
Net sales 1 366.6 569.8 795 1,595 873 1,311
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 15.51 81.61 205.1 445.1 -159.8 -99.91
Net Debt 1 88.06 307.3 174.5 289.1 1,139 1,119
Reference price 2 14.200 25.180 44.220 88.860 34.200 20.990
Nbr of stocks (in thousands) 26,526 26,541 25,432 27,570 28,582 30,583
Announcement Date 3/6/19 3/10/20 3/4/21 2/28/22 3/16/23 4/24/24
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 89.36M
15.16x6.21x - 2.91% 208B
13.99x9.79x - 2.01% 180B
21.77x - - 1.22% 159B
10.73x - - 2.96% 143B
15.99x2.52x - 2.23% 51.93B
24.57x2.17x12.59x0.33% 29.91B
14.89x1.46x6.77x1.35% 29.38B
6.56x - - 5.64% 22.76B
10.66x5.91x - 2.92% 20.34B
Average 14.92x 4.68x 9.68x 2.4% 84.33B
Weighted average by Cap. 15.44x 6.57x 9.70x 2.3%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation B. Riley Financial, Inc.