COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
USA - NASDAQ:COIN - US19260Q1076 - Common Stock
320.56 USD
-7.35 (-2.24%)
326.4 USD
+5.84 (+1.82%)
Taking everything into account, COIN scores 5 out of 10 in our fundamental rating. COIN was compared to 237 industry peers in the Capital Markets industry. COIN has an excellent financial health rating, but there are some minor concerns on its profitability. COIN is quite expensive at the moment. It does show a decent growth rate.
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.
COIN had positive earnings in 4 of the past 5 years.
COIN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
COIN has a Return On Assets of 12.18%. This is amongst the best in the industry. COIN outperforms 92.83% of its industry peers.
COIN has a Return On Equity of 23.65%. This is amongst the best in the industry. COIN outperforms 90.72% of its industry peers.
COIN has a better Return On Invested Capital (10.89%) than 86.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 23.65% | ||
| ROIC | 10.89% |
ROA(3y)3.05%
ROA(5y)5.27%
ROE(3y)-7.18%
ROE(5y)7.36%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 40.81%, COIN belongs to the top of the industry, outperforming 84.39% of the companies in the same industry.
In the last couple of years the Profit Margin of COIN has remained more or less at the same level.
Looking at the Operating Margin, with a value of 27.03%, COIN is in line with its industry, outperforming 51.90% of the companies in the same industry.
In the last couple of years the Operating Margin of COIN has declined.
With an excellent Gross Margin value of 85.20%, COIN belongs to the best of the industry, outperforming 88.61% of the companies in the same industry.
In the last couple of years the Gross Margin of COIN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.03% | ||
| PM (TTM) | 40.81% | ||
| GM | 85.2% |
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%
2. Health
2.1 Basic Checks
Compared to 1 year ago, COIN has more shares outstanding
COIN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for COIN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.77 indicates that COIN is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 5.77, COIN belongs to the best of the industry, outperforming 86.50% of the companies in the same industry.
The Debt to FCF ratio of COIN is 3.15, which is a good value as it means it would take COIN, 3.15 years of fcf income to pay off all of its debts.
COIN's Debt to FCF ratio of 3.15 is fine compared to the rest of the industry. COIN outperforms 78.90% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that COIN is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.25, COIN is doing good in the industry, outperforming 75.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 5.77 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.13 indicates that COIN has no problem at all paying its short term obligations.
COIN has a better Current ratio (2.13) than 73.84% of its industry peers.
A Quick Ratio of 2.13 indicates that COIN has no problem at all paying its short term obligations.
The Quick ratio of COIN (2.13) is better than 73.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.13 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 115.66% 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 -14.20% yearly.
COIN shows a strong growth in Revenue. In the last year, the Revenue has grown by 48.63%.
COIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 65.18% yearly.
EPS 1Y (TTM)115.66%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%1300%
Revenue 1Y (TTM)48.63%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.18%
Sales Q2Q%3.28%
3.2 Future
Based on estimates for the next years, COIN will show a small growth in Earnings Per Share. The EPS will grow by 0.27% on average per year.
The Revenue is expected to grow by 6.87% on average over the next years.
EPS Next Y11.12%
EPS Next 2Y1.48%
EPS Next 3Y3.41%
EPS Next 5Y0.27%
Revenue Next Year20.95%
Revenue Next 2Y17.03%
Revenue Next 3Y12.74%
Revenue Next 5Y6.87%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 44.77 indicates a quite expensive valuation of COIN.
Based on the Price/Earnings ratio, COIN is valued a bit more expensive than 76.37% of the companies in the same industry.
When comparing the Price/Earnings ratio of COIN to the average of the S&P500 Index (27.20), we can say COIN is valued expensively.
COIN is valuated quite expensively with a Price/Forward Earnings ratio of 42.93.
COIN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 72.57% of the companies in the same industry.
COIN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.77 | ||
| Fwd PE | 42.93 |
4.2 Price Multiples
62.87% of the companies in the same industry are more expensive than COIN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COIN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 61.09 | ||
| EV/EBITDA | 39.05 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates COIN does not grow enough to justify the current Price/Earnings ratio.
COIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.02
PEG (5Y)N/A
EPS Next 2Y1.48%
EPS Next 3Y3.41%
5. Dividend
5.1 Amount
COIN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
320.56
-7.35 (-2.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners58.49%
Inst Owner Change17.07%
Ins Owners1.87%
Ins Owner Change1.46%
Market Cap82.36B
Analysts73.81
Price Target377.58 (17.79%)
Short Float %5.64%
Short Ratio1.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)1
Avg EPS beat(2)-17.59%
Min EPS beat(2)-88.16%
Max EPS beat(2)52.97%
EPS beat(4)2
Avg EPS beat(4)21.3%
Min EPS beat(4)-88.16%
Max EPS beat(4)153.68%
EPS beat(8)5
Avg EPS beat(8)1658.94%
EPS beat(12)9
Avg EPS beat(12)1115.78%
EPS beat(16)11
Avg EPS beat(16)751.8%
Revenue beat(2)0
Avg Revenue beat(2)-6.63%
Min Revenue beat(2)-8.15%
Max Revenue beat(2)-5.12%
Revenue beat(4)1
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-8.15%
Max Revenue beat(4)18.69%
Revenue beat(8)5
Avg Revenue beat(8)4.31%
Revenue beat(12)8
Avg Revenue beat(12)4.39%
Revenue beat(16)9
Avg Revenue beat(16)2.09%
PT rev (1m)0.73%
PT rev (3m)37.12%
EPS NQ rev (1m)3.63%
EPS NQ rev (3m)-30.8%
EPS NY rev (1m)62.58%
EPS NY rev (3m)45.02%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-9.22%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.77 | ||
| Fwd PE | 42.93 | ||
| P/S | 11.75 | ||
| P/FCF | 61.09 | ||
| P/OCF | 45.58 | ||
| P/B | 6.81 | ||
| P/tB | 7.56 | ||
| EV/EBITDA | 39.05 |
EPS(TTM)7.16
EY2.23%
EPS(NY)7.47
Fwd EY2.33%
FCF(TTM)5.25
FCFY1.64%
OCF(TTM)7.03
OCFY2.19%
SpS27.28
BVpS47.07
TBVpS42.42
PEG (NY)4.02
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 23.65% | ||
| ROCE | 12.42% | ||
| ROIC | 10.89% | ||
| ROICexc | 21.54% | ||
| ROICexgc | 25.5% | ||
| OM | 27.03% | ||
| PM (TTM) | 40.81% | ||
| GM | 85.2% | ||
| FCFM | 19.24% |
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
ROICexcg growth 3Y-34.86%
ROICexcg 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 Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 3.15 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 27.01 | ||
| Cash Conversion | 89.23% | ||
| Profit Quality | 47.14% | ||
| Current Ratio | 2.13 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 5.77 |
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)115.66%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%1300%
EPS Next Y11.12%
EPS Next 2Y1.48%
EPS Next 3Y3.41%
EPS Next 5Y0.27%
Revenue 1Y (TTM)48.63%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.18%
Sales Q2Q%3.28%
Revenue Next Year20.95%
Revenue Next 2Y17.03%
Revenue Next 3Y12.74%
Revenue Next 5Y6.87%
EBIT growth 1Y83.01%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year65.26%
EBIT Next 3Y27.98%
EBIT Next 5Y2.8%
FCF growth 1Y-48.12%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y-37.53%
OCF growth 3Y-38%
OCF growth 5YN/A