COINBASE GLOBAL INC -CLASS A (COIN) Fundamental Analysis & Valuation

NASDAQ:COIN • US19260Q1076

208.93 USD
+26.57 (+14.57%)
At close: Mar 4, 2026
208.982 USD
+0.05 (+0.02%)
Pre-Market: 3/5/2026, 8:33:08 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This COIN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to COIN. COIN was compared to 238 industry peers in the Capital Markets industry. COIN has an average financial health and profitability rating. COIN is valued quite expensive, but it does show an excellent growth. With these ratings, COIN could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

5

1. COIN Profitability Analysis

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.
COIN Yearly Net Income VS EBIT VS OCF VS FCFCOIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B 10B

1.2 Ratios

  • COIN has a better Return On Assets (4.25%) than 63.45% of its industry peers.
  • COIN's Return On Equity of 8.52% is in line compared to the rest of the industry. COIN outperforms 51.68% of its industry peers.
  • COIN has a Return On Invested Capital of 5.79%. This is in the better half of the industry: COIN outperforms 72.69% of its industry peers.
Industry RankSector Rank
ROA 4.25%
ROE 8.52%
ROIC 5.79%
ROA(3y)5.44%
ROA(5y)5.68%
ROE(3y)11.7%
ROE(5y)7.4%
ROIC(3y)N/A
ROIC(5y)N/A
COIN Yearly ROA, ROE, ROICCOIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40

1.3 Margins

  • COIN has a Profit Margin (17.55%) which is comparable to the rest of the industry.
  • COIN's Profit Margin has improved in the last couple of years.
  • COIN has a Operating Margin (20.28%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of COIN has declined.
  • COIN has a Gross Margin of 85.79%. This is amongst the best in the industry. COIN outperforms 90.76% of its industry peers.
  • COIN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 20.28%
PM (TTM) 17.55%
GM 85.79%
OM growth 3YN/A
OM growth 5Y-9.1%
PM growth 3YN/A
PM growth 5Y11.96%
GM growth 3Y2.24%
GM growth 5Y-0.82%
COIN Yearly Profit, Operating, Gross MarginsCOIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. COIN Health Analysis

2.1 Basic Checks

  • COIN has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for COIN has been increased compared to 5 years ago.
  • Compared to 1 year ago, COIN has a worse debt to assets ratio.
COIN Yearly Shares OutstandingCOIN Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
COIN Yearly Total Debt VS Total AssetsCOIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • COIN has an Altman-Z score of 3.44. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.44, COIN is doing good in the industry, outperforming 78.57% of the companies in the same industry.
  • COIN has a debt to FCF ratio of 4.67. This is a neutral value as COIN would need 4.67 years to pay back of all of its debts.
  • The Debt to FCF ratio of COIN (4.67) is better than 70.59% of its industry peers.
  • COIN has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
  • COIN has a Debt to Equity ratio of 0.43. This is in the better half of the industry: COIN outperforms 65.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Altman-Z 3.44
ROIC/WACCN/A
WACCN/A
COIN Yearly LT Debt VS Equity VS FCFCOIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

2.3 Liquidity

  • COIN has a Current Ratio of 2.34. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
  • COIN has a better Current ratio (2.34) than 78.15% of its industry peers.
  • A Quick Ratio of 2.34 indicates that COIN has no problem at all paying its short term obligations.
  • COIN has a better Quick ratio (2.34) than 78.15% of its industry peers.
Industry RankSector Rank
Current Ratio 2.34
Quick Ratio 2.34
COIN Yearly Current Assets VS Current LiabilitesCOIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. COIN Growth Analysis

3.1 Past

  • The earnings per share for COIN have decreased strongly by -83.31% in the last year.
  • Measured over the past years, COIN shows a very strong growth in Earnings Per Share. The EPS has been growing by 46.97% on average per year.
  • Looking at the last year, COIN shows a quite strong growth in Revenue. The Revenue has grown by 9.40% in the last year.
  • The Revenue has been growing by 41.24% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-83.31%
EPS 3YN/A
EPS 5Y46.97%
EPS Q2Q%-153.21%
Revenue 1Y (TTM)9.4%
Revenue growth 3Y31%
Revenue growth 5Y41.24%
Sales Q2Q%-21.59%

3.2 Future

  • The Earnings Per Share is expected to grow by 58.29% on average over the next years. This is a very strong growth
  • COIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.60% yearly.
EPS Next Y436.99%
EPS Next 2Y153.01%
EPS Next 3Y108.36%
EPS Next 5Y58.29%
Revenue Next Year4.36%
Revenue Next 2Y8.71%
Revenue Next 3Y6.06%
Revenue Next 5Y12.6%

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.
COIN Yearly Revenue VS EstimatesCOIN 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
COIN Yearly EPS VS EstimatesCOIN 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

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Find the best growth stocksShow best growing peers

3

4. COIN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 172.67, which means the current valuation is very expensive for COIN.
  • COIN's Price/Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 78.57% of the companies in the same industry.
  • COIN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.03.
  • With a Price/Forward Earnings ratio of 32.16, COIN can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, COIN is valued a bit more expensive than the industry average as 69.75% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. COIN is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 172.67
Fwd PE 32.16
COIN Price Earnings VS Forward Price EarningsCOIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • 63.87% 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 RankSector Rank
P/FCF 34.38
EV/EBITDA 31.4
COIN Per share dataCOIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The 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 108.36% in the coming years.
PEG (NY)0.4
PEG (5Y)3.68
EPS Next 2Y153.01%
EPS Next 3Y108.36%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. COIN Dividend Analysis

5.1 Amount

  • COIN does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

COIN Fundamentals: All Metrics, Ratios and Statistics

COINBASE GLOBAL INC -CLASS A

NASDAQ:COIN (3/4/2026, 8:17:10 PM)

Premarket: 208.982 +0.05 (+0.02%)

208.93

+26.57 (+14.57%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners66.36%
Inst Owner Change0.87%
Ins Owners0.96%
Ins Owner Change45.48%
Market Cap56.34B
Revenue(TTM)7.18B
Net Income(TTM)1.26B
Analysts78.14
Price Target259.28 (24.1%)
Short Float %11.77%
Short Ratio2.34
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)1
Avg EPS beat(2)-240.39%
Min EPS beat(2)-519.85%
Max EPS beat(2)39.07%
EPS beat(4)2
Avg EPS beat(4)-128.99%
Min EPS beat(4)-519.85%
Max EPS beat(4)52.97%
EPS beat(8)4
Avg EPS beat(8)-49.51%
EPS beat(12)8
Avg EPS beat(12)1075.2%
EPS beat(16)10
Avg EPS beat(16)716.92%
Revenue beat(2)1
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-4.85%
Max Revenue beat(2)1.89%
Revenue beat(4)1
Avg Revenue beat(4)-4.06%
Min Revenue beat(4)-8.15%
Max Revenue beat(4)1.89%
Revenue beat(8)4
Avg Revenue beat(8)2.08%
Revenue beat(12)8
Avg Revenue beat(12)4.71%
Revenue beat(16)9
Avg Revenue beat(16)1.4%
PT rev (1m)-29.44%
PT rev (3m)-33.91%
EPS NQ rev (1m)-75.13%
EPS NQ rev (3m)-73.99%
EPS NY rev (1m)-5.03%
EPS NY rev (3m)-10.36%
Revenue NQ rev (1m)-17.81%
Revenue NQ rev (3m)-19.94%
Revenue NY rev (1m)-10.48%
Revenue NY rev (3m)-11.38%
Valuation
Industry RankSector Rank
PE 172.67
Fwd PE 32.16
P/S 7.85
P/FCF 34.38
P/OCF 23.22
P/B 3.81
P/tB 6.11
EV/EBITDA 31.4
EPS(TTM)1.21
EY0.58%
EPS(NY)6.5
Fwd EY3.11%
FCF(TTM)6.08
FCFY2.91%
OCF(TTM)9
OCFY4.31%
SpS26.63
BVpS54.86
TBVpS34.21
PEG (NY)0.4
PEG (5Y)3.68
Graham Number38.65
Profitability
Industry RankSector Rank
ROA 4.25%
ROE 8.52%
ROCE 6.94%
ROIC 5.79%
ROICexc 12.63%
ROICexgc 29.13%
OM 20.28%
PM (TTM) 17.55%
GM 85.79%
FCFM 22.82%
ROA(3y)5.44%
ROA(5y)5.68%
ROE(3y)11.7%
ROE(5y)7.4%
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 3YN/A
ROICexgc growth 5Y-19.66%
ROICexc growth 3YN/A
ROICexc growth 5Y-27.95%
OM growth 3YN/A
OM growth 5Y-9.1%
PM growth 3YN/A
PM growth 5Y11.96%
GM growth 3Y2.24%
GM growth 5Y-0.82%
F-Score5
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Debt/EBITDA 3.88
Cap/Depr 418.1%
Cap/Sales 10.97%
Interest Coverage 250
Cash Conversion 147.54%
Profit Quality 130.01%
Current Ratio 2.34
Quick Ratio 2.34
Altman-Z 3.44
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)303.23%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-83.31%
EPS 3YN/A
EPS 5Y46.97%
EPS Q2Q%-153.21%
EPS Next Y436.99%
EPS Next 2Y153.01%
EPS Next 3Y108.36%
EPS Next 5Y58.29%
Revenue 1Y (TTM)9.4%
Revenue growth 3Y31%
Revenue growth 5Y41.24%
Sales Q2Q%-21.59%
Revenue Next Year4.36%
Revenue Next 2Y8.71%
Revenue Next 3Y6.06%
Revenue Next 5Y12.6%
EBIT growth 1Y-34.86%
EBIT growth 3YN/A
EBIT growth 5Y28.39%
EBIT Next Year53.39%
EBIT Next 3Y29.75%
EBIT Next 5Y10.96%
FCF growth 1Y-35.91%
FCF growth 3YN/A
FCF growth 5Y-7.85%
OCF growth 1Y-5.1%
OCF growth 3YN/A
OCF growth 5Y-4.18%

COINBASE GLOBAL INC -CLASS A / COIN FAQ

What is the ChartMill fundamental rating of COINBASE GLOBAL INC -CLASS A (COIN) stock?

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


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

ChartMill assigns a valuation rating of 3 / 10 to COINBASE GLOBAL INC -CLASS A (COIN). This can be considered as Overvalued.


How profitable is COINBASE GLOBAL INC -CLASS A (COIN) stock?

COINBASE GLOBAL INC -CLASS A (COIN) has a profitability rating of 5 / 10.


What are the PE and PB ratios of COINBASE GLOBAL INC -CLASS A (COIN) stock?

The Price/Earnings (PE) ratio for COINBASE GLOBAL INC -CLASS A (COIN) is 172.67 and the Price/Book (PB) ratio is 3.81.


Can you provide the expected EPS growth for COIN stock?

The Earnings per Share (EPS) of COINBASE GLOBAL INC -CLASS A (COIN) is expected to grow by 436.99% in the next year.