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

NASDAQ:COIN • US19260Q1076

Current stock price

171.46 USD
-1.53 (-0.88%)
At close:
171.5 USD
+0.04 (+0.02%)
After Hours:

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

5

1. COIN Profitability Analysis

1.1 Basic Checks

  • In the past year COIN was profitable.
  • In the past year COIN had a positive cash flow from operations.
  • Of the past 5 years COIN 4 years were profitable.
  • Of the past 5 years COIN 4 years had a positive operating cash flow.
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

  • With a decent Return On Assets value of 4.25%, COIN is doing good in the industry, outperforming 65.42% of the companies in the same industry.
  • With a Return On Equity value of 8.52%, COIN perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • COIN's Return On Invested Capital of 5.79% is fine compared to the rest of the industry. COIN outperforms 72.50% 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.
  • With a Operating Margin value of 20.28%, COIN perfoms like the industry average, outperforming 45.83% of the companies in the same industry.
  • COIN's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 85.79%, COIN belongs to the best of the industry, outperforming 90.00% 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 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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6

2. COIN Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for COIN has been increased compared to 1 year ago.
  • COIN has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for COIN is higher compared to a year ago.
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 3.00. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
  • COIN has a Altman-Z score of 3.00. This is in the better half of the industry: COIN outperforms 76.67% of its industry peers.
  • 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.
  • With a decent Debt to FCF ratio value of 4.67, COIN is doing good in the industry, outperforming 69.17% of the companies in the same industry.
  • A Debt/Equity ratio of 0.43 indicates that COIN is not too dependend on debt financing.
  • COIN has a better Debt to Equity ratio (0.43) than 67.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Altman-Z 3
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

  • A Current Ratio of 2.34 indicates that COIN has no problem at all paying its short term obligations.
  • COIN has a Current ratio of 2.34. This is in the better half of the industry: COIN outperforms 79.17% of its industry peers.
  • A Quick Ratio of 2.34 indicates that COIN has no problem at all paying its short term obligations.
  • COIN's Quick ratio of 2.34 is fine compared to the rest of the industry. COIN outperforms 79.17% 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

7

3. COIN Growth Analysis

3.1 Past

  • The earnings per share for COIN have decreased strongly by -83.31% in the last year.
  • COIN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.97% yearly.
  • Looking at the last year, COIN shows a quite strong growth in Revenue. The Revenue has grown by 9.40% in the last year.
  • Measured over the past years, COIN shows a very strong growth in Revenue. The Revenue has been growing by 41.24% on average per year.
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

  • COIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 49.87% yearly.
  • COIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.61% yearly.
EPS Next Y197.05%
EPS Next 2Y117.72%
EPS Next 3Y76.84%
EPS Next 5Y49.87%
Revenue Next Year-2.51%
Revenue Next 2Y7.1%
Revenue Next 3Y7.41%
Revenue Next 5Y8.61%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
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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3

4. COIN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 141.70 indicates a quite expensive valuation of COIN.
  • Based on the Price/Earnings ratio, COIN is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
  • When comparing the Price/Earnings ratio of COIN to the average of the S&P500 Index (25.60), we can say COIN is valued expensively.
  • With a Price/Forward Earnings ratio of 47.70, COIN can be considered very expensive at the moment.
  • 72.50% of the companies in the same industry are cheaper than COIN, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of COIN to the average of the S&P500 Index (22.84), we can say COIN is valued expensively.
Industry RankSector Rank
PE 141.7
Fwd PE 47.7
COIN Price Earnings VS Forward Price EarningsCOIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, COIN is valued a bit cheaper than the industry average as 65.83% of the companies are valued more expensively.
  • 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 27.63
EV/EBITDA 24.68
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.
  • COIN's earnings are expected to grow with 76.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)3.02
EPS Next 2Y117.72%
EPS Next 3Y76.84%

More info and screens

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

0

5. COIN Dividend Analysis

5.1 Amount

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

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COIN Fundamentals: All Metrics, Ratios and Statistics

COINBASE GLOBAL INC -CLASS A

NASDAQ:COIN (4/2/2026, 8:16:31 PM)

After market: 171.5 +0.04 (+0.02%)

171.46

-1.53 (-0.88%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners68.85%
Inst Owner Change0%
Ins Owners1.28%
Ins Owner Change44.97%
Market Cap45.28B
Revenue(TTM)7.18B
Net Income(TTM)1.26B
Analysts76.28
Price Target260.57 (51.97%)
Short Float %10.3%
Short Ratio1.71
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)0.49%
PT rev (3m)-32.22%
EPS NQ rev (1m)-7.58%
EPS NQ rev (3m)-70.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-48.71%
Revenue NQ rev (1m)-0.55%
Revenue NQ rev (3m)-20.58%
Revenue NY rev (1m)-1.21%
Revenue NY rev (3m)-18.15%
Valuation
Industry RankSector Rank
PE 141.7
Fwd PE 47.7
P/S 6.31
P/FCF 27.63
P/OCF 18.66
P/B 3.06
P/tB 4.91
EV/EBITDA 24.68
EPS(TTM)1.21
EY0.71%
EPS(NY)3.59
Fwd EY2.1%
FCF(TTM)6.2
FCFY3.62%
OCF(TTM)9.19
OCFY5.36%
SpS27.19
BVpS56.02
TBVpS34.94
PEG (NY)0.72
PEG (5Y)3.02
Graham Number39.05
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
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 Y197.05%
EPS Next 2Y117.72%
EPS Next 3Y76.84%
EPS Next 5Y49.87%
Revenue 1Y (TTM)9.4%
Revenue growth 3Y31%
Revenue growth 5Y41.24%
Sales Q2Q%-21.59%
Revenue Next Year-2.51%
Revenue Next 2Y7.1%
Revenue Next 3Y7.41%
Revenue Next 5Y8.61%
EBIT growth 1Y-34.86%
EBIT growth 3YN/A
EBIT growth 5Y28.39%
EBIT Next Year53.39%
EBIT Next 3Y29.75%
EBIT Next 5Y4.85%
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 Fundamental Analysis 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 for COIN stock?

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


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

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


How financially healthy is COINBASE GLOBAL INC -CLASS A?

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