Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion.
It appears that “Celsius is currently undervalued," Alpha Sigma Capital said in its analysis, referring to the $126.14 million in revenue the company generated last year. Based on current year-to-date growth, Celsius appears to have significant upside ahead.