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

NASDAQ:COIN • US19260Q1076

Current stock price

167.85 USD
-1.17 (-0.69%)
At close:
167.762 USD
-0.09 (-0.05%)
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.
  • 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

  • Looking at the Return On Assets, with a value of 4.25%, COIN is in the better half of the industry, outperforming 65.42% of the companies in the same industry.
  • COIN has a Return On Equity (8.52%) which is in line with its industry peers.
  • COIN has a Return On Invested Capital of 5.79%. This is in the better half of the industry: COIN outperforms 72.08% 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 of 17.55%. This is comparable to the rest of the industry: COIN outperforms 51.67% of its industry peers.
  • 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 45.42% of the companies in the same industry.
  • In the last couple of years the Operating Margin of COIN has declined.
  • Looking at the Gross Margin, with a value of 85.79%, COIN belongs to the top of the industry, outperforming 90.42% 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.
  • Compared to 5 years ago, COIN has more shares outstanding
  • 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 2.96. This is not the best score and indicates that COIN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • COIN has a better Altman-Z score (2.96) than 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.
  • COIN has a better Debt to FCF ratio (4.67) than 69.58% of its industry peers.
  • COIN has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
  • COIN's Debt to Equity ratio of 0.43 is fine compared to the rest of the industry. COIN outperforms 67.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Altman-Z 2.96
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 78.75% 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 has a Quick ratio of 2.34. This is in the better half of the industry: COIN outperforms 78.75% 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.
  • The Revenue has grown by 9.40% in the past year. This is quite good.
  • 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

  • COIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 49.87% yearly.
  • Based on estimates for the next years, COIN will show a quite strong growth in Revenue. The Revenue will grow by 8.61% on average per year.
EPS Next Y179.56%
EPS Next 2Y114.81%
EPS Next 3Y78.36%
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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Find the best growth stocksShow best growing peers

3

4. COIN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 138.72, which means the current valuation is very expensive for COIN.
  • Based on the Price/Earnings ratio, COIN is valued a bit more expensive than the industry average as 79.58% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 26.78, COIN is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 49.62, the valuation of COIN can be described as expensive.
  • COIN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 72.92% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, COIN is valued quite expensively.
Industry RankSector Rank
PE 138.72
Fwd PE 49.62
COIN Price Earnings VS Forward Price EarningsCOIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COIN indicates a somewhat cheap valuation: COIN is cheaper than 65.00% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as COIN.
Industry RankSector Rank
P/FCF 27.05
EV/EBITDA 24.1
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.
  • COIN's earnings are expected to grow with 78.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)2.95
EPS Next 2Y114.81%
EPS Next 3Y78.36%

More info and screens

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%

More info and screens

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COIN Fundamentals: All Metrics, Ratios and Statistics

COINBASE GLOBAL INC -CLASS A

NASDAQ:COIN (4/10/2026, 8:14:39 PM)

After market: 167.762 -0.09 (-0.05%)

167.85

-1.17 (-0.69%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-07
Inst Owners68.78%
Inst Owner Change0.06%
Ins Owners1.27%
Ins Owner Change44.97%
Market Cap44.33B
Revenue(TTM)7.18B
Net Income(TTM)1.26B
Analysts76.28
Price Target252.64 (50.52%)
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)-2.56%
PT rev (3m)-34.28%
EPS NQ rev (1m)-2.55%
EPS NQ rev (3m)-70.67%
EPS NY rev (1m)-5.89%
EPS NY rev (3m)-51.73%
Revenue NQ rev (1m)-0.43%
Revenue NQ rev (3m)-20.58%
Revenue NY rev (1m)-1.21%
Revenue NY rev (3m)-18.15%
Valuation
Industry RankSector Rank
PE 138.72
Fwd PE 49.62
P/S 6.17
P/FCF 27.05
P/OCF 18.27
P/B 3
P/tB 4.8
EV/EBITDA 24.1
EPS(TTM)1.21
EY0.72%
EPS(NY)3.38
Fwd EY2.02%
FCF(TTM)6.2
FCFY3.7%
OCF(TTM)9.19
OCFY5.47%
SpS27.19
BVpS56.02
TBVpS34.94
PEG (NY)0.77
PEG (5Y)2.95
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 2.96
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 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 Year48.65%
EBIT Next 3Y28.67%
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.