COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
NASDAQ:COIN - Nasdaq - US19260Q1076 - Common Stock - Currency: USD
COIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 233 industry peers in the Capital Markets industry. COIN is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, COIN is valued expensive at the moment.
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.
Of the past 5 years COIN 4 years were profitable.
COIN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
COIN has a better Return On Assets (6.75%) than 81.55% of its industry peers.
COIN's Return On Equity of 14.01% is fine compared to the rest of the industry. COIN outperforms 76.39% of its industry peers.
COIN has a better Return On Invested Capital (13.63%) than 86.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.75% | ||
| ROE | 14.01% | ||
| ROIC | 13.63% |
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
COIN's Profit Margin of 21.08% is fine compared to the rest of the industry. COIN outperforms 62.23% of its industry peers.
In the last couple of years the Profit Margin of COIN has remained more or less at the same level.
With a Operating Margin value of 33.06%, COIN perfoms like the industry average, outperforming 57.08% of the companies in the same industry.
COIN's Operating Margin has declined in the last couple of years.
COIN has a better Gross Margin (85.87%) than 89.70% of its industry peers.
COIN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.06% | ||
| PM (TTM) | 21.08% | ||
| GM | 85.87% |
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
COIN has more shares outstanding than it did 1 year ago.
COIN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, COIN has an improved debt to assets ratio.
2.2 Solvency
COIN has an Altman-Z score of 6.39. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of COIN (6.39) is better than 87.55% of its industry peers.
The Debt to FCF ratio of COIN is 2.33, which is a good value as it means it would take COIN, 2.33 years of fcf income to pay off all of its debts.
COIN has a better Debt to FCF ratio (2.33) than 82.83% of its industry peers.
COIN has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
COIN's Debt to Equity ratio of 0.40 is fine compared to the rest of the industry. COIN outperforms 70.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.33 | ||
| Altman-Z | 6.39 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
COIN has a Current Ratio of 2.52. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.52, COIN is doing good in the industry, outperforming 75.97% of the companies in the same industry.
A Quick Ratio of 2.52 indicates that COIN has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.52, COIN is in the better half of the industry, outperforming 76.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.52 | ||
| Quick Ratio | 2.52 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 99.25% over the past year.
The earnings per share for COIN have been decreasing by -14.20% on average. This is quite bad
Looking at the last year, COIN shows a very strong growth in Revenue. The Revenue has grown by 75.19%.
Measured over the past years, COIN shows a very strong growth in Revenue. The Revenue has been growing by 65.19% on average per year.
EPS 1Y (TTM)99.25%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%-88.84%
Revenue 1Y (TTM)75.19%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%24.23%
3.2 Future
COIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.46% yearly.
The Revenue is expected to grow by 4.69% on average over the next years.
EPS Next Y-31.06%
EPS Next 2Y0.83%
EPS Next 3Y-0.69%
EPS Next 5Y6.46%
Revenue Next Year21.77%
Revenue Next 2Y15.36%
Revenue Next 3Y9.87%
Revenue Next 5Y4.69%
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 Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 66.45, the valuation of COIN can be described as expensive.
COIN's Price/Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 77.68% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, COIN is valued quite expensively.
With a Price/Forward Earnings ratio of 48.14, COIN can be considered very expensive at the moment.
73.39% of the companies in the same industry are cheaper than COIN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, COIN is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.45 | ||
| Fwd PE | 48.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COIN is valued a bit cheaper than 63.52% of the companies in the same industry.
COIN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.8 | ||
| EV/EBITDA | 35.58 |
4.3 Compensation for Growth
COIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.83%
EPS Next 3Y-0.69%
5. Dividend
5.1 Amount
No dividends for COIN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
354.82
-2.28 (-0.64%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners57.83%
Inst Owner Change0.01%
Ins Owners1.87%
Ins Owner Change3.28%
Market Cap90.37B
Analysts75
Price Target278.45 (-21.52%)
Short Float %5.82%
Short Ratio0.87
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)32.76%
Min EPS beat(2)-88.16%
Max EPS beat(2)153.68%
EPS beat(4)1
Avg EPS beat(4)-13.27%
Min EPS beat(4)-88.16%
Max EPS beat(4)153.68%
EPS beat(8)5
Avg EPS beat(8)1656.87%
EPS beat(12)8
Avg EPS beat(12)1105.04%
EPS beat(16)11
Avg EPS beat(16)751.32%
Revenue beat(2)1
Avg Revenue beat(2)6.78%
Min Revenue beat(2)-5.12%
Max Revenue beat(2)18.69%
Revenue beat(4)2
Avg Revenue beat(4)2.38%
Min Revenue beat(4)-5.84%
Max Revenue beat(4)18.69%
Revenue beat(8)6
Avg Revenue beat(8)6.54%
Revenue beat(12)8
Avg Revenue beat(12)4.67%
Revenue beat(16)10
Avg Revenue beat(16)4.03%
PT rev (1m)1.91%
PT rev (3m)-15.81%
EPS NQ rev (1m)-3.37%
EPS NQ rev (3m)-21.89%
EPS NY rev (1m)-10.02%
EPS NY rev (3m)-35.13%
Revenue NQ rev (1m)0.35%
Revenue NQ rev (3m)-13.56%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-8.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.45 | ||
| Fwd PE | 48.14 | ||
| P/S | 12.98 | ||
| P/FCF | 49.8 | ||
| P/OCF | 46.05 | ||
| P/B | 8.63 | ||
| P/tB | 9.75 | ||
| EV/EBITDA | 35.58 |
EPS(TTM)5.34
EY1.5%
EPS(NY)7.37
Fwd EY2.08%
FCF(TTM)7.12
FCFY2.01%
OCF(TTM)7.71
OCFY2.17%
SpS27.33
BVpS41.1
TBVpS36.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.75% | ||
| ROE | 14.01% | ||
| ROCE | 15.55% | ||
| ROIC | 13.63% | ||
| ROICexc | 29.9% | ||
| ROICexgc | 36.37% | ||
| OM | 33.06% | ||
| PM (TTM) | 21.08% | ||
| GM | 85.87% | ||
| FCFM | 26.07% |
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-34.87%
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-Score6
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.33 | ||
| Debt/EBITDA | 1.74 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.67% | ||
| Profit Quality | 123.69% | ||
| Current Ratio | 2.52 | ||
| Quick Ratio | 2.52 | ||
| Altman-Z | 6.39 |
F-Score6
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)99.25%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%-88.84%
EPS Next Y-31.06%
EPS Next 2Y0.83%
EPS Next 3Y-0.69%
EPS Next 5Y6.46%
Revenue 1Y (TTM)75.19%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%24.23%
Revenue Next Year21.77%
Revenue Next 2Y15.36%
Revenue Next 3Y9.87%
Revenue Next 5Y4.69%
EBIT growth 1Y281.79%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year75.19%
EBIT Next 3Y22.65%
EBIT Next 5Y3.75%
FCF growth 1Y212.36%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y290.36%
OCF growth 3Y-38%
OCF growth 5YN/A