COINBASE GLOBAL INC -CLASS A (COIN)
US19260Q1076 - Common Stock
Overall COIN gets a fundamental rating of 4 out of 10. We evaluated COIN against 218 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
COIN had positive earnings in the past year.
COIN had a positive operating cash flow in the past year.
In multiple years COIN reported negative net income over the last 5 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
COIN has a worse Return On Assets (0.54%) than 73.95% of its industry peers.
COIN has a better Return On Equity (17.89%) than 83.72% of its industry peers.
COIN has a better Return On Invested Capital (7.86%) than 78.60% 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
With a decent Profit Margin value of 29.76%, COIN is doing good in the industry, outperforming 71.16% of the companies in the same industry.
COIN's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 24.59%, COIN perfoms like the industry average, outperforming 45.12% of the companies in the same industry.
Looking at the Gross Margin, with a value of 86.54%, COIN belongs to the top of the industry, outperforming 89.30% 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 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
Compared to 1 year ago, COIN has more shares outstanding
The debt/assets ratio for COIN has been reduced compared to a year ago.
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.
Looking at the Altman-Z score, with a value of 0.24, COIN is doing worse than 75.35% of the companies in the same industry.
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 74.42% of its industry peers.
COIN has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.48, COIN is in the better half of the industry, outperforming 71.63% of the companies in the same industry.
| 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.
COIN's Current ratio of 1.03 is in line compared to the rest of the industry. COIN outperforms 46.05% of its industry peers.
COIN has a Quick 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.
COIN has a Quick ratio (1.03) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
COIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 209.06%, which is quite impressive.
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%.
The Revenue has been growing by 34.50% on average over the past years. This is a very strong growth!
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 103.62% yearly.
Based on estimates for the next years, COIN will show a quite strong growth in Revenue. The Revenue will grow by 10.96% on average per year.
EPS Next Y2703.67%
EPS Next 2Y337.75%
EPS Next 3Y149.47%
EPS Next 5Y103.62%
Revenue Next Year86.35%
Revenue Next 2Y38.13%
Revenue Next 3Y23.14%
Revenue Next 5Y10.96%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 81.27, which means the current valuation is very expensive for COIN.
Based on the Price/Earnings ratio, COIN is valued expensively inside the industry as 81.86% of the companies are valued cheaper.
COIN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.96.
COIN is valuated quite expensively with a Price/Forward Earnings ratio of 80.58.
COIN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 76.74% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.82. COIN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 81.27 | ||
| Fwd PE | 80.58 |
4.2 Price Multiples
COIN's Enterprise Value to EBITDA is on the same level as the industry average.
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.93 | ||
| EV/EBITDA | 49.79 |
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 149.47% in the coming years.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y337.75%
EPS Next 3Y149.47%
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 (11/22/2024, 10:01:09 AM)
293.395
-1.84 (-0.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap73.45B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 81.27 | ||
| Fwd PE | 80.58 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.03
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 17.89% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.59% | ||
| PM (TTM) | 29.76% | ||
| GM | 86.54% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)209.06%
EPS 3Y-16.48%
EPS 5Y
EPS Q2Q%
EPS Next Y2703.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)88.47%
Revenue growth 3Y34.5%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
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FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y