Company Valuation: Galaxy Digital Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,680 653.4 1,772 4,813 5,899 5,394 - -
Change - -82.25% 171.23% 171.57% 22.58% -8.56% - -
Enterprise Value (EV) 1 3,680 767.2 1,772 4,813 4,860 6,632 8,577 8,328
Change - -79.15% 130.99% 171.57% 0.98% 36.46% 29.33% -2.9%
P/E ratio 3.65x -0.91x - 17x -36.7x -69.8x 33.4x -
PBR - 0.64x - 2.2x - 3.4x 3.1x 4.39x
PEG - 0x - - 0x 1.3x -0x -
Capitalization / Revenue 2.16x 1.14x 2.13x 2.91x 0.07x 0.08x 0.06x 0.05x
EV / Revenue 2.16x 1.34x 2.13x 2.91x 0.06x 0.1x 0.09x 0.08x
EV / EBITDA - - - - 106x 132x 10.2x 6.99x
EV / EBIT 2.95x -7.24x 5.5x 16.4x -14.9x -31.3x 33x 20.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 3 - - - - - - - -
Rate of return - - - - - - - -
EPS 3 4.88 -3.13 - 1.02 -0.61 -0.2943 0.615 -
Distribution rate - - - - - - - -
Net sales 1 1,704 574.6 833.6 1,652 83,934 67,989 91,788 107,797
EBITDA 1 - - - - 46.06 50.15 843.6 1,192
EBIT 1 1,249 -106 322.5 294 -325.4 -211.7 260.3 405.9
Net income 1 2,139 -1,399 401.8 522.9 -330.2 -188.9 358.1 5.746
Net Debt 1 - 113.8 - - -1,039 1,238 3,183 2,934
Reference price 3 17.80 2.84 7.80 17.34 22.36 20.56 20.56 20.56
Nbr of stocks (in thousands) 162,839 169,368 171,748 192,690 192,417 192,701 - -
Announcement Date 3/31/22 3/28/23 3/26/24 3/28/25 2/3/26 - - -
1USD in Million2CAD in Million3USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-69.85x0.1x132.25x - 3.96B
14.14x6.54x - 2.63% 254B
14.08x9.83x - 2.24% 253B
10.34x - - 2.39% 186B
16.92x6.1x10.27x1.26% 167B
13.43x0.98x - 2.58% 55.41B
13x - - 1.41% 29.97B
16.38x1.46x9.3x0.42% 25.11B
11x5.98x - 2.73% 24.84B
8.4x - - 3.45% 23.67B
Average 4.79x 4.43x 50.61x 2.12% 102.39B
Weighted average by Cap. 13.34x 6.91x 12.61x 2.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Galaxy Digital Inc.
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