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

NASDAQ:COIN • US19260Q1076

Current stock price

191.25 USD
+3.48 (+1.85%)
At close:
193.5 USD
+2.25 (+1.18%)
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.
  • 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 Return On Assets of 4.25%. This is in the better half of the industry: COIN outperforms 64.85% of its industry peers.
  • The Return On Equity of COIN (8.52%) is comparable to the rest of the industry.
  • The Return On Invested Capital of COIN (5.79%) is better than 68.62% 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.
  • In the last couple of years the Profit Margin of COIN has grown nicely.
  • COIN has a Operating Margin of 20.28%. This is comparable to the rest of the industry: COIN outperforms 45.19% of its industry peers.
  • COIN's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 85.79%, COIN belongs to the top of the industry, outperforming 89.96% 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.
  • 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 3.21. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
  • COIN has a better Altman-Z score (3.21) than 77.41% of its industry peers.
  • The Debt to FCF ratio of COIN is 4.67, which is a neutral value as it means it would take COIN, 4.67 years of fcf income to pay off all of its debts.
  • COIN has a better Debt to FCF ratio (4.67) than 69.46% of its industry peers.
  • A Debt/Equity ratio of 0.43 indicates that COIN is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.43, COIN is doing good in the industry, outperforming 67.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Altman-Z 3.21
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.
  • With a decent Current ratio value of 2.34, COIN is doing good in the industry, outperforming 78.66% of the companies in the same industry.
  • COIN has a Quick Ratio of 2.34. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
  • COIN's Quick ratio of 2.34 is fine compared to the rest of the industry. COIN outperforms 78.66% 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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6

3. COIN Growth Analysis

3.1 Past

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

  • Based on estimates for the next years, COIN will show a very strong growth in Earnings Per Share. The EPS will grow by 34.54% on average per year.
  • Based on estimates for the next years, COIN will show a small growth in Revenue. The Revenue will grow by 2.48% on average per year.
EPS Next Y179.56%
EPS Next 2Y114.81%
EPS Next 3Y78.36%
EPS Next 5Y34.54%
Revenue Next Year-3.09%
Revenue Next 2Y6.92%
Revenue Next 3Y7.31%
Revenue Next 5Y2.48%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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

  • The Price/Earnings ratio is 158.06, which means the current valuation is very expensive for COIN.
  • 79.08% of the companies in the same industry are cheaper than COIN, based on the Price/Earnings ratio.
  • COIN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.51.
  • With a Price/Forward Earnings ratio of 56.54, COIN can be considered very expensive at the moment.
  • 73.22% 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 21.41, COIN is valued quite expensively.
Industry RankSector Rank
PE 158.06
Fwd PE 56.54
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

  • COIN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. COIN is cheaper than 60.67% of the companies in the same industry.
  • COIN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 30.82
EV/EBITDA 27.85
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

  • COIN's 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 78.36% in the coming years.
PEG (NY)0.88
PEG (5Y)3.37
EPS Next 2Y114.81%
EPS Next 3Y78.36%

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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%

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COIN Fundamentals: All Metrics, Ratios and Statistics

COINBASE GLOBAL INC -CLASS A

NASDAQ:COIN (5/1/2026, 8:18:49 PM)

After market: 193.5 +2.25 (+1.18%)

191.25

+3.48 (+1.85%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Industry Strength14.91
Industry Growth55.28
Earnings (Last)02-12
Earnings (Next)05-07
Inst Owners68.78%
Inst Owner Change-0.09%
Ins Owners1.27%
Ins Owner Change44.89%
Market Cap50.51B
Revenue(TTM)7.18B
Net Income(TTM)1.26B
Analysts76.28
Price Target248.66 (30.02%)
Short Float %11.46%
Short Ratio2.05
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)-4.57%
PT rev (3m)-32.33%
EPS NQ rev (1m)-34.34%
EPS NQ rev (3m)-79.99%
EPS NY rev (1m)-5.89%
EPS NY rev (3m)-50.56%
Revenue NQ rev (1m)-1.9%
Revenue NQ rev (3m)-19.82%
Revenue NY rev (1m)-0.6%
Revenue NY rev (3m)-16.87%
Valuation
Industry RankSector Rank
PE 158.06
Fwd PE 56.54
P/S 7.03
P/FCF 30.82
P/OCF 20.82
P/B 3.41
P/tB 5.47
EV/EBITDA 27.85
EPS(TTM)1.21
EY0.63%
EPS(NY)3.38
Fwd EY1.77%
FCF(TTM)6.2
FCFY3.24%
OCF(TTM)9.19
OCFY4.8%
SpS27.19
BVpS56.02
TBVpS34.94
PEG (NY)0.88
PEG (5Y)3.37
Graham Number39.0522 (-79.58%)
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 3.21
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 Y179.56%
EPS Next 2Y114.81%
EPS Next 3Y78.36%
EPS Next 5Y34.54%
Revenue 1Y (TTM)9.4%
Revenue growth 3Y31%
Revenue growth 5Y41.24%
Sales Q2Q%-21.59%
Revenue Next Year-3.09%
Revenue Next 2Y6.92%
Revenue Next 3Y7.31%
Revenue Next 5Y2.48%
EBIT growth 1Y-34.86%
EBIT growth 3YN/A
EBIT growth 5Y28.39%
EBIT Next Year48.65%
EBIT Next 3Y28.67%
EBIT Next 5Y3.37%
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.