COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
NASDAQ:COIN - Nasdaq - US19260Q1076 - Common Stock - Currency: USD
COIN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 225 industry peers in the Capital Markets industry. While COIN has a great health rating, its profitability is only average at the moment. COIN shows excellent growth, but is valued quite expensive already. This makes COIN very considerable for growth investing!
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.
Of the past 5 years COIN 4 years had a positive operating cash flow.
1.2 Ratios
COIN has a better Return On Assets (11.44%) than 89.04% of its industry peers.
COIN has a Return On Equity of 25.08%. This is amongst the best in the industry. COIN outperforms 92.69% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.42%, COIN belongs to the top of the industry, outperforming 90.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.44% | ||
| ROE | 25.08% | ||
| ROIC | 13.42% |
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
With an excellent Profit Margin value of 39.27%, COIN belongs to the best of the industry, outperforming 80.82% of the companies in the same industry.
In the last couple of years the Profit Margin of COIN has remained more or less at the same level.
COIN has a Operating Margin (34.06%) which is in line with its industry peers.
COIN's Operating Margin has declined in the last couple of years.
COIN's Gross Margin of 86.32% is amongst the best of 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 | 34.06% | ||
| PM (TTM) | 39.27% | ||
| GM | 86.32% |
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
The number of shares outstanding for COIN has been increased compared to 1 year ago.
The number of shares outstanding for COIN has been increased compared to 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 4.61. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
COIN has a better Altman-Z score (4.61) than 84.02% of its industry peers.
The Debt to FCF ratio of COIN is 1.66, which is an excellent value as it means it would take COIN, only 1.66 years of fcf income to pay off all of its debts.
COIN has a Debt to FCF ratio of 1.66. This is amongst the best in the industry. COIN outperforms 84.93% of its industry peers.
COIN has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of COIN (0.41) is better than 73.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 4.61 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
COIN has a Current Ratio of 2.28. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
COIN's Current ratio of 2.28 is fine compared to the rest of the industry. COIN outperforms 70.78% of its industry peers.
A Quick Ratio of 2.28 indicates that COIN has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.28, COIN is doing good in the industry, outperforming 70.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.28 | ||
| Quick Ratio | 2.28 |
3. Growth
3.1 Past
COIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9323.35%, which is quite impressive.
COIN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.39% yearly.
Looking at the last year, COIN shows a very strong growth in Revenue. The Revenue has grown by 111.18%.
The Revenue has been growing by 65.19% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)9323.35%
EPS 3Y-13.39%
EPS 5YN/A
EPS Q2Q%435.34%
Revenue 1Y (TTM)111.18%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%138.17%
3.2 Future
COIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.94% yearly.
The Revenue is expected to grow by 9.13% on average over the next years. This is quite good.
EPS Next Y-4.13%
EPS Next 2Y2.01%
EPS Next 3Y3.01%
EPS Next 5Y5.94%
Revenue Next Year28.38%
Revenue Next 2Y14.15%
Revenue Next 3Y9.41%
Revenue Next 5Y9.13%
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
A Price/Earnings ratio of 24.86 indicates a rather expensive valuation of COIN.
67.58% of the companies in the same industry are cheaper than COIN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of COIN to the average of the S&P500 Index (29.63), we can say COIN is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 37.43, the valuation of COIN can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COIN indicates a slightly more expensive valuation: COIN is more expensive than 76.71% of the companies listed in the same industry.
COIN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.86 | ||
| Fwd PE | 37.43 |
4.2 Price Multiples
67.58% of the companies in the same industry are more expensive than COIN, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as COIN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.05 | ||
| EV/EBITDA | 25.36 |
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 2Y2.01%
EPS Next 3Y3.01%
5. Dividend
5.1 Amount
No dividends for COIN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
235.38
-21.21 (-8.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners55.76%
Inst Owner Change12.46%
Ins Owners2.06%
Ins Owner Change-3.48%
Market Cap58.93B
Analysts74.55
Price Target338.11 (43.64%)
Short Float %3.56%
Short Ratio0.77
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)6.42%
Min Revenue beat(2)-5.84%
Max Revenue beat(2)18.69%
Revenue beat(4)3
Avg Revenue beat(4)8.22%
Min Revenue beat(4)-5.84%
Max Revenue beat(4)18.69%
Revenue beat(8)7
Avg Revenue beat(8)9.09%
Revenue beat(12)8
Avg Revenue beat(12)3.22%
Revenue beat(16)10
Avg Revenue beat(16)4.19%
PT rev (1m)1.85%
PT rev (3m)18.97%
EPS NQ rev (1m)38.65%
EPS NQ rev (3m)-8.19%
EPS NY rev (1m)8.95%
EPS NY rev (3m)30.71%
Revenue NQ rev (1m)24.3%
Revenue NQ rev (3m)17.94%
Revenue NY rev (1m)4.79%
Revenue NY rev (3m)15.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.86 | ||
| Fwd PE | 37.43 | ||
| P/S | 8.98 | ||
| P/FCF | 23.05 | ||
| P/OCF | 23.05 | ||
| P/B | 5.73 | ||
| P/tB | 6.48 | ||
| EV/EBITDA | 25.36 |
EPS(TTM)9.47
EY4.02%
EPS(NY)6.29
Fwd EY2.67%
FCF(TTM)10.21
FCFY4.34%
OCF(TTM)10.21
OCFY4.34%
SpS26.22
BVpS41.05
TBVpS36.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.44% | ||
| ROE | 25.08% | ||
| ROCE | 15.31% | ||
| ROIC | 13.42% | ||
| ROICexc | 32.35% | ||
| ROICexgc | 40.23% | ||
| OM | 34.06% | ||
| PM (TTM) | 39.27% | ||
| GM | 86.32% | ||
| FCFM | 38.95% |
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 Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.66 | ||
| Debt/EBITDA | 1.79 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 32.61 | ||
| Cash Conversion | 108.21% | ||
| Profit Quality | 99.19% | ||
| Current Ratio | 2.28 | ||
| Quick Ratio | 2.28 | ||
| Altman-Z | 4.61 |
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)9323.35%
EPS 3Y-13.39%
EPS 5YN/A
EPS Q2Q%435.34%
EPS Next Y-4.13%
EPS Next 2Y2.01%
EPS Next 3Y3.01%
EPS Next 5Y5.94%
Revenue 1Y (TTM)111.18%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%138.17%
Revenue Next Year28.38%
Revenue Next 2Y14.15%
Revenue Next 3Y9.41%
Revenue Next 5Y9.13%
EBIT growth 1Y6856.64%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year65.82%
EBIT Next 3Y-16.27%
EBIT Next 5Y-13.5%
FCF growth 1Y296.05%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y177.03%
OCF growth 3Y-38%
OCF growth 5YN/A