COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
NASDAQ:COIN - Nasdaq - US19260Q1076 - Common Stock
Overall COIN gets a fundamental rating of 4 out of 10. We evaluated COIN against 224 industry peers in the Capital Markets industry. COIN has only an average score on both its financial health and profitability. COIN shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year COIN was profitable.
In the past year COIN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: COIN reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: COIN reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.54%, COIN is doing worse than 73.52% of the companies in the same industry.
The Return On Equity of COIN (17.89%) is better than 84.47% of its industry peers.
The Return On Invested Capital of COIN (7.86%) is better than 78.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 17.89% | ||
| ROIC | 7.86% |
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
The Profit Margin of COIN (29.76%) is better than 71.69% of its industry peers.
COIN's Profit Margin has declined in the last couple of years.
COIN's Operating Margin of 24.59% is in line compared to the rest of the industry. COIN outperforms 45.66% of its industry peers.
COIN has a Gross Margin of 86.54%. This is amongst the best in the industry. COIN outperforms 89.50% of its industry peers.
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 | 24.59% | ||
| PM (TTM) | 29.76% | ||
| GM | 86.54% |
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.
Compared to 1 year ago, COIN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.24, we must say that COIN is in the distress zone and has some risk of bankruptcy.
COIN has a Altman-Z score of 0.24. This is in the lower half of the industry: COIN underperforms 74.43% of its industry peers.
The Debt to FCF ratio of COIN is 2.93, which is a good value as it means it would take COIN, 2.93 years of fcf income to pay off all of its debts.
COIN's Debt to FCF ratio of 2.93 is fine compared to the rest of the industry. COIN outperforms 77.63% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that COIN is not too dependend on debt financing.
COIN has a Debt to Equity ratio of 0.48. This is in the better half of the industry: COIN outperforms 70.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.93 | ||
| Altman-Z | 0.24 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
COIN has a Current Ratio of 1.03. This is a normal value and indicates that COIN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.03, COIN is in line with its industry, outperforming 46.58% of the companies in the same industry.
A Quick Ratio of 1.03 indicates that COIN should not have too much problems paying its short term obligations.
COIN has a Quick ratio (1.03) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 209.06% over the past year.
Measured over the past years, COIN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.48% on average per year.
Looking at the last year, COIN shows a very strong growth in Revenue. The Revenue has grown by 88.47%.
COIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.50% yearly.
EPS 1Y (TTM)209.06%
EPS 3Y-16.48%
EPS 5YN/A
EPS Q2Q%2900%
Revenue 1Y (TTM)88.47%
Revenue growth 3Y34.5%
Revenue growth 5YN/A
Sales Q2Q%78.77%
3.2 Future
COIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 106.71% yearly.
Based on estimates for the next years, COIN will show a quite strong growth in Revenue. The Revenue will grow by 13.54% on average per year.
EPS Next Y2938.37%
EPS Next 2Y379.47%
EPS Next 3Y168.46%
EPS Next 5Y106.71%
Revenue Next Year97.38%
Revenue Next 2Y45.14%
Revenue Next 3Y27.98%
Revenue Next 5Y13.54%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 81.49, COIN can be considered very expensive at the moment.
Based on the Price/Earnings ratio, COIN is valued expensively inside the industry as 80.37% of the companies are valued cheaper.
Compared to an average S&P500 Price/Earnings ratio of 28.29, COIN is valued quite expensively.
With a Price/Forward Earnings ratio of 67.35, 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 78.08% of the companies are valued more cheaply.
COIN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 81.49 | ||
| Fwd PE | 67.35 |
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 the industry average as 60.27% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.06 | ||
| EV/EBITDA | 49.61 |
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.
COIN's earnings are expected to grow with 168.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y379.47%
EPS Next 3Y168.46%
5. Dividend
5.1 Amount
COIN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
COINBASE GLOBAL INC -CLASS A
NASDAQ:COIN (1/21/2025, 8:00:00 PM)
Premarket: 292.14 -2.05 (-0.7%)294.19
-1.29 (-0.44%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners55.76%
Inst Owner Change-0.16%
Ins Owners2.06%
Ins Owner Change-6.13%
Market Cap73.65B
Analysts74.44
Price Target299.6 (1.84%)
Short Float %3.92%
Short Ratio0.58
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)0
Avg EPS beat(2)-59.29%
Min EPS beat(2)-85.3%
Max EPS beat(2)-33.29%
EPS beat(4)2
Avg EPS beat(4)3263.72%
Min EPS beat(4)-85.3%
Max EPS beat(4)13088.6%
EPS beat(8)6
Avg EPS beat(8)1658.76%
EPS beat(12)8
Avg EPS beat(12)992.4%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.02%
Min Revenue beat(2)-5.84%
Max Revenue beat(2)1.8%
Revenue beat(4)3
Avg Revenue beat(4)6.97%
Min Revenue beat(4)-5.84%
Max Revenue beat(4)18.24%
Revenue beat(8)7
Avg Revenue beat(8)7.33%
Revenue beat(12)8
Avg Revenue beat(12)3.83%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)6.32%
PT rev (3m)13.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-49.1%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-16.06%
Revenue NY rev (1m)2.66%
Revenue NY rev (3m)1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 81.49 | ||
| Fwd PE | 67.35 | ||
| P/S | 14.04 | ||
| P/FCF | 51.06 | ||
| P/OCF | 46.4 | ||
| P/B | 8.44 | ||
| P/tB | 9.77 | ||
| EV/EBITDA | 49.61 |
EPS(TTM)3.61
EY1.23%
EPS(NY)4.37
Fwd EY1.48%
FCF(TTM)5.76
FCFY1.96%
OCF(TTM)6.34
OCFY2.16%
SpS20.96
BVpS34.86
TBVpS30.1
PEG (NY)0.03
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 17.89% | ||
| ROCE | 9.95% | ||
| ROIC | 7.86% | ||
| ROICexc | 19.43% | ||
| ROICexgc | 25.14% | ||
| OM | 24.59% | ||
| PM (TTM) | 29.76% | ||
| GM | 86.54% | ||
| FCFM | 27.49% |
ROA(3y)4.04%
ROA(5y)2.6%
ROE(3y)1.13%
ROE(5y)1.77%
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 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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
F-Score6
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.93 | ||
| Debt/EBITDA | 2.99 | ||
| Cap/Depr | 116.66% | ||
| Cap/Sales | 2.76% | ||
| Interest Coverage | 19.38 | ||
| Cash Conversion | 112.23% | ||
| Profit Quality | 92.38% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 0.24 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)1970.41%
Cap/Depr(5y)1952.87%
Cap/Sales(3y)30.68%
Cap/Sales(5y)40.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)209.06%
EPS 3Y-16.48%
EPS 5YN/A
EPS Q2Q%2900%
EPS Next Y2938.37%
EPS Next 2Y379.47%
EPS Next 3Y168.46%
EPS Next 5Y106.71%
Revenue 1Y (TTM)88.47%
Revenue growth 3Y34.5%
Revenue growth 5YN/A
Sales Q2Q%78.77%
Revenue Next Year97.38%
Revenue Next 2Y45.14%
Revenue Next 3Y27.98%
Revenue Next 5Y13.54%
EBIT growth 1Y302.25%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1164.22%
EBIT Next 3Y134.4%
EBIT Next 5Y33.49%
FCF growth 1Y130.46%
FCF growth 3Y-36.03%
FCF growth 5YN/A
OCF growth 1Y187.02%
OCF growth 3Y-32.52%
OCF growth 5YN/A