COINBASE GLOBAL INC -CLASS A (COIN)
US19260Q1076 - Common Stock
Taking everything into account, COIN scores 4 out of 10 in our fundamental rating. COIN was compared to 212 industry peers in the Capital Markets industry. COIN may be in some trouble as it scores bad on both profitability and health. COIN shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
COIN had positive earnings in the past year.
COIN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: COIN reported negative net income in multiple years.
In multiple years COIN reported negative operating cash flow during the last 5 years.
1.2 Ratios
COIN has a worse Return On Assets (0.39%) than 75.71% of its industry peers.
With a decent Return On Equity value of 16.73%, COIN is doing good in the industry, outperforming 76.19% of the companies in the same industry.
The Return On Invested Capital of COIN (3.87%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 16.73% | ||
| ROIC | 3.87% |
ROA(3y)4.04%
ROA(5y)2.6%
ROE(3y)1.13%
ROE(5y)1.77%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 33.98%, COIN is in the better half of the industry, outperforming 72.86% of the companies in the same industry.
COIN's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 15.17%, COIN is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
COIN has a Gross Margin of 86.37%. This is amongst the best in the industry. COIN outperforms 88.57% of its industry peers.
COIN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.17% | ||
| PM (TTM) | 33.98% | ||
| GM | 86.37% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-32.63%
PM growth 5YN/A
GM growth 3Y-1.1%
GM growth 5YN/A
2. Health
2.1 Basic Checks
COIN has more shares outstanding than it did 1 year ago.
The debt/assets ratio for COIN has been reduced compared to a year ago.
2.2 Solvency
COIN has an Altman-Z score of 0.15. This is a bad value and indicates that COIN is not financially healthy and even has some risk of bankruptcy.
COIN's Altman-Z score of 0.15 is on the low side compared to the rest of the industry. COIN is outperformed by 77.14% of its industry peers.
The Debt to FCF ratio of COIN is 6.53, which is on the high side as it means it would take COIN, 6.53 years of fcf income to pay off all of its debts.
COIN's Debt to FCF ratio of 6.53 is in line compared to the rest of the industry. COIN outperforms 57.14% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that COIN is somewhat dependend on debt financing.
COIN's Debt to Equity ratio of 0.52 is fine compared to the rest of the industry. COIN outperforms 67.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 6.53 | ||
| Altman-Z | 0.15 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.02 indicates that COIN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.02, COIN is in line with its industry, outperforming 44.29% of the companies in the same industry.
A Quick Ratio of 1.02 indicates that COIN should not have too much problems paying its short term obligations.
COIN has a Quick ratio of 1.02. This is comparable to the rest of the industry: COIN outperforms 44.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 126.83% over the past year.
COIN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.48% yearly.
COIN shows a strong growth in Revenue. In the last year, the Revenue has grown by 41.90%.
Measured over the past years, COIN shows a very strong growth in Revenue. The Revenue has been growing by 34.50% on average per year.
EPS 1Y (TTM)126.83%
EPS 3Y-16.48%
EPS 5YN/A
EPS growth Q2Q732.35%
Revenue 1Y (TTM)41.9%
Revenue growth 3Y34.5%
Revenue growth 5YN/A
Revenue growth Q2Q111.98%
3.2 Future
COIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 103.62% yearly.
The Revenue is expected to grow by 10.96% on average over the next years. This is quite good.
EPS Next Y847.26%
EPS Next 2Y206.56%
EPS Next 3Y154.84%
EPS Next 5Y103.62%
Revenue Next Year48.79%
Revenue Next 2Y24.66%
Revenue Next 3Y22.06%
Revenue Next 5Y10.96%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 77.46, which means the current valuation is very expensive for COIN.
Based on the Price/Earnings ratio, COIN is valued expensively inside the industry as 84.29% of the companies are valued cheaper.
Compared to an average S&P500 Price/Earnings ratio of 28.60, COIN is valued quite expensively.
Based on the Price/Forward Earnings ratio of 116.26, the valuation of COIN can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COIN indicates a slightly more expensive valuation: COIN is more expensive than 77.62% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.15. COIN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.46 | ||
| Fwd PE | 116.26 |
4.2 Price Multiples
COIN's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, COIN is valued a bit more expensive than 65.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 78.74 | ||
| EV/EBITDA | 66.3 |
4.3 Compensation for Growth
COIN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as COIN's earnings are expected to grow with 154.84% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y206.56%
EPS Next 3Y154.84%
5. Dividend
5.1 Amount
No dividends for COIN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
COINBASE GLOBAL INC -CLASS A
NASDAQ:COIN (5/17/2024, 7:00:01 PM)
After market: 207.27 -0.33 (-0.16%)207.6
+8.43 (+4.23%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap50.94B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.46 | ||
| Fwd PE | 116.26 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 16.73% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.17% | ||
| PM (TTM) | 33.98% | ||
| GM | 86.37% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)126.83%
EPS 3Y-16.48%
EPS 5Y
EPS growth Q2Q
EPS Next Y847.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)41.9%
Revenue growth 3Y34.5%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
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