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COINBASE GLOBAL INC -CLASS A (1COIN.MI) Stock Fundamental Analysis

Europe - Euronext Milan - BIT:1COIN - US19260Q1076 - Common Stock

211.95 EUR
-3.45 (-1.6%)
Last: 1/8/2026, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, 1COIN scores 5 out of 10 in our fundamental rating. 1COIN was compared to 125 industry peers in the Capital Markets industry. Both the profitability and the financial health of 1COIN get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, 1COIN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year 1COIN was profitable.
In the past year 1COIN had a positive cash flow from operations.
1COIN had positive earnings in 4 of the past 5 years.
Of the past 5 years 1COIN 4 years had a positive operating cash flow.
1COIN.MI Yearly Net Income VS EBIT VS OCF VS FCF1COIN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B 10B

1.2 Ratios

Looking at the Return On Assets, with a value of 10.26%, 1COIN belongs to the top of the industry, outperforming 88.00% of the companies in the same industry.
1COIN has a Return On Equity of 20.08%. This is in the better half of the industry: 1COIN outperforms 80.00% of its industry peers.
1COIN's Return On Invested Capital of 8.58% is fine compared to the rest of the industry. 1COIN outperforms 80.00% of its industry peers.
Industry RankSector Rank
ROA 10.26%
ROE 20.08%
ROIC 8.58%
ROA(3y)3.05%
ROA(5y)5.27%
ROE(3y)-7.18%
ROE(5y)7.36%
ROIC(3y)N/A
ROIC(5y)N/A
1COIN.MI Yearly ROA, ROE, ROIC1COIN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

1COIN has a better Profit Margin (41.93%) than 86.40% of its industry peers.
In the last couple of years the Profit Margin of 1COIN has remained more or less at the same level.
The Operating Margin of 1COIN (28.28%) is better than 64.80% of its industry peers.
1COIN's Operating Margin has declined in the last couple of years.
1COIN has a Gross Margin of 85.42%. This is amongst the best in the industry. 1COIN outperforms 84.00% of its industry peers.
1COIN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.28%
PM (TTM) 41.93%
GM 85.42%
OM growth 3Y-5.9%
OM growth 5YN/A
PM growth 3Y-1.18%
PM growth 5YN/A
GM growth 3Y0.98%
GM growth 5Y0.4%
1COIN.MI Yearly Profit, Operating, Gross Margins1COIN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 50 -50

6

2. Health

2.1 Basic Checks

The number of shares outstanding for 1COIN has been increased compared to 1 year ago.
1COIN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for 1COIN has been reduced compared to a year ago.
1COIN.MI Yearly Shares Outstanding1COIN.MI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
1COIN.MI Yearly Total Debt VS Total Assets1COIN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.2 Solvency

1COIN has an Altman-Z score of 3.89. This indicates that 1COIN is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.89, 1COIN belongs to the best of the industry, outperforming 84.80% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that 1COIN is not too dependend on debt financing.
1COIN has a Debt to Equity ratio of 0.37. This is in the better half of the industry: 1COIN outperforms 64.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF N/A
Altman-Z 3.89
ROIC/WACCN/A
WACCN/A
1COIN.MI Yearly LT Debt VS Equity VS FCF1COIN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 2.40 indicates that 1COIN has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.40, 1COIN belongs to the top of the industry, outperforming 83.20% of the companies in the same industry.
A Quick Ratio of 2.40 indicates that 1COIN has no problem at all paying its short term obligations.
1COIN has a Quick ratio of 2.40. This is amongst the best in the industry. 1COIN outperforms 84.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.4
Quick Ratio 2.4
1COIN.MI Yearly Current Assets VS Current Liabilites1COIN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 132.13% over the past year.
Measured over the past years, 1COIN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.20% on average per year.
1COIN shows a strong growth in Revenue. In the last year, the Revenue has grown by 46.24%.
The Revenue has been growing by 65.18% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)132.13%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%435.71%
Revenue 1Y (TTM)46.24%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.18%
Sales Q2Q%55.05%

3.2 Future

1COIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.65% yearly.
Based on estimates for the next years, 1COIN will show a small growth in Revenue. The Revenue will grow by 7.34% on average per year.
EPS Next Y11.91%
EPS Next 2Y-1.68%
EPS Next 3Y2.41%
EPS Next 5Y8.65%
Revenue Next Year22.16%
Revenue Next 2Y19.11%
Revenue Next 3Y15.43%
Revenue Next 5Y7.34%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
1COIN.MI Yearly Revenue VS Estimates1COIN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 5B 10B 15B
1COIN.MI Yearly EPS VS Estimates1COIN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 5 -5 10 -10 15

2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 29.56, the valuation of 1COIN can be described as expensive.
1COIN's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.25. 1COIN is around the same levels.
With a Price/Forward Earnings ratio of 35.36, 1COIN can be considered very expensive at the moment.
1COIN's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, 1COIN is valued a bit more expensive.
Industry RankSector Rank
PE 29.56
Fwd PE 35.36
1COIN.MI Price Earnings VS Forward Price Earnings1COIN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, 1COIN is valued a bit cheaper than 64.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 24.04
1COIN.MI Per share data1COIN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
1COIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.48
PEG (5Y)N/A
EPS Next 2Y-1.68%
EPS Next 3Y2.41%

0

5. Dividend

5.1 Amount

No dividends for 1COIN!.
Industry RankSector Rank
Dividend Yield 0%

COINBASE GLOBAL INC -CLASS A

BIT:1COIN (1/8/2026, 7:00:00 PM)

211.95

-3.45 (-1.6%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)10-30 2025-10-30/amc
Earnings (Next)02-12 2026-02-12/amc
Inst Owners66.36%
Inst Owner ChangeN/A
Ins Owners0.96%
Ins Owner ChangeN/A
Market Cap57.15B
Revenue(TTM)7.67B
Net Income(TTM)3.22B
Analysts76.67
Price Target334.66 (57.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)46.02%
Min EPS beat(2)39.07%
Max EPS beat(2)52.97%
EPS beat(4)3
Avg EPS beat(4)39.39%
Min EPS beat(4)-88.16%
Max EPS beat(4)153.68%
EPS beat(8)5
Avg EPS beat(8)1651.56%
EPS beat(12)9
Avg EPS beat(12)1118.97%
EPS beat(16)11
Avg EPS beat(16)754.15%
Revenue beat(2)1
Avg Revenue beat(2)-3.13%
Min Revenue beat(2)-8.15%
Max Revenue beat(2)1.89%
Revenue beat(4)2
Avg Revenue beat(4)1.83%
Min Revenue beat(4)-8.15%
Max Revenue beat(4)18.69%
Revenue beat(8)5
Avg Revenue beat(8)4.4%
Revenue beat(12)9
Avg Revenue beat(12)5.5%
Revenue beat(16)10
Avg Revenue beat(16)3.33%
PT rev (1m)-1.31%
PT rev (3m)4.88%
EPS NQ rev (1m)-1.15%
EPS NQ rev (3m)-17.83%
EPS NY rev (1m)-0.9%
EPS NY rev (3m)-1.74%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)4.18%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)0.96%
Valuation
Industry RankSector Rank
PE 29.56
Fwd PE 35.36
P/S 8.71
P/FCF N/A
P/OCF 205.08
P/B 4.17
P/tB 6.3
EV/EBITDA 24.04
EPS(TTM)7.17
EY3.38%
EPS(NY)5.99
Fwd EY2.83%
FCF(TTM)-1.06
FCFYN/A
OCF(TTM)1.03
OCFY0.49%
SpS24.33
BVpS50.82
TBVpS33.62
PEG (NY)2.48
PEG (5Y)N/A
Graham Number90.55
Profitability
Industry RankSector Rank
ROA 10.26%
ROE 20.08%
ROCE 9.79%
ROIC 8.58%
ROICexc 21.87%
ROICexgc 58.08%
OM 28.28%
PM (TTM) 41.93%
GM 85.42%
FCFM N/A
ROA(3y)3.05%
ROA(5y)5.27%
ROE(3y)-7.18%
ROE(5y)7.36%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-34.86%
ROICexgc growth 5YN/A
ROICexc growth 3Y-31.98%
ROICexc growth 5YN/A
OM growth 3Y-5.9%
OM growth 5YN/A
PM growth 3Y-1.18%
PM growth 5YN/A
GM growth 3Y0.98%
GM growth 5Y0.4%
F-Score5
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF N/A
Debt/EBITDA 2.56
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 14.05%
Profit Quality N/A
Current Ratio 2.4
Quick Ratio 2.4
Altman-Z 3.89
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)132.13%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%435.71%
EPS Next Y11.91%
EPS Next 2Y-1.68%
EPS Next 3Y2.41%
EPS Next 5Y8.65%
Revenue 1Y (TTM)46.24%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.18%
Sales Q2Q%55.05%
Revenue Next Year22.16%
Revenue Next 2Y19.11%
Revenue Next 3Y15.43%
Revenue Next 5Y7.34%
EBIT growth 1Y68.16%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year68.7%
EBIT Next 3Y31.42%
EBIT Next 5Y7.85%
FCF growth 1Y-108.5%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y-92.17%
OCF growth 3Y-38%
OCF growth 5YN/A

COINBASE GLOBAL INC -CLASS A / 1COIN.MI FAQ

What is the fundamental rating for 1COIN stock?

ChartMill assigns a fundamental rating of 5 / 10 to 1COIN.MI.


What is the valuation status of COINBASE GLOBAL INC -CLASS A (1COIN.MI) stock?

ChartMill assigns a valuation rating of 2 / 10 to COINBASE GLOBAL INC -CLASS A (1COIN.MI). This can be considered as Overvalued.


Can you provide the profitability details for COINBASE GLOBAL INC -CLASS A?

COINBASE GLOBAL INC -CLASS A (1COIN.MI) has a profitability rating of 6 / 10.


What is the financial health of COINBASE GLOBAL INC -CLASS A (1COIN.MI) stock?

The financial health rating of COINBASE GLOBAL INC -CLASS A (1COIN.MI) is 6 / 10.


What is the earnings growth outlook for COINBASE GLOBAL INC -CLASS A?

The Earnings per Share (EPS) of COINBASE GLOBAL INC -CLASS A (1COIN.MI) is expected to grow by 11.91% in the next year.