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

NASDAQ:COIN • US19260Q1076

Current stock price

202.29 USD
-7.94 (-3.78%)
At close:
201.83 USD
-0.46 (-0.23%)
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

  • Looking at the Return On Assets, with a value of 4.25%, COIN is in the better half of the industry, outperforming 64.46% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 8.52%, COIN is in line with its industry, outperforming 52.89% of the companies in the same industry.
  • The Return On Invested Capital of COIN (5.79%) is better than 72.73% 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 51.65% of its industry peers.
  • COIN's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 20.28%, COIN is in line with its industry, outperforming 46.28% of the companies in the same industry.
  • 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 90.08% 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

  • Compared to 1 year ago, COIN has more shares outstanding
  • The number of shares outstanding for COIN has been increased compared to 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 3.41. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.41, COIN is doing good in the industry, outperforming 77.69% of the companies in the same industry.
  • 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 69.83% 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's Debt to Equity ratio of 0.43 is fine compared to the rest of the industry. COIN outperforms 66.12% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Altman-Z 3.41
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 better Current ratio (2.34) than 78.51% of its industry peers.
  • 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 78.51% 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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7

3. COIN Growth Analysis

3.1 Past

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

  • The Earnings Per Share is expected to grow by 49.87% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 8.61% on average over the next years. This is quite good.
EPS Next Y197.05%
EPS Next 2Y117.72%
EPS Next 3Y76.84%
EPS Next 5Y49.87%
Revenue Next Year-1.32%
Revenue Next 2Y6.37%
Revenue Next 3Y6.22%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • With a Price/Earnings ratio of 167.18, COIN can be considered very expensive at the moment.
  • COIN's Price/Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 78.93% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.11, COIN is valued quite expensively.
  • A Price/Forward Earnings ratio of 56.28 indicates a quite expensive valuation of COIN.
  • COIN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. COIN is more expensive than 72.31% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, COIN is valued quite expensively.
Industry RankSector Rank
PE 167.18
Fwd PE 56.28
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

  • Based on the Enterprise Value to EBITDA ratio, COIN is valued a bit cheaper than 64.88% of the companies in the same industry.
  • 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 32.6
EV/EBITDA 30.9
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.
  • A more expensive valuation may be justified as COIN's earnings are expected to grow with 76.84% in the coming years.
PEG (NY)0.85
PEG (5Y)3.56
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 (3/18/2026, 4:17:07 PM)

After market: 201.83 -0.46 (-0.23%)

202.29

-7.94 (-3.78%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners68.85%
Inst Owner Change0.93%
Ins Owners1.28%
Ins Owner Change45.37%
Market Cap53.42B
Revenue(TTM)7.18B
Net Income(TTM)1.26B
Analysts76.74
Price Target259.28 (28.17%)
Short Float %10.77%
Short Ratio1.89
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)-25.29%
PT rev (3m)-33.43%
EPS NQ rev (1m)-68.72%
EPS NQ rev (3m)-67.65%
EPS NY rev (1m)-44.68%
EPS NY rev (3m)-47.93%
Revenue NQ rev (1m)-17.91%
Revenue NQ rev (3m)-20.23%
Revenue NY rev (1m)-14.83%
Revenue NY rev (3m)-17.25%
Valuation
Industry RankSector Rank
PE 167.18
Fwd PE 56.28
P/S 7.44
P/FCF 32.6
P/OCF 22.02
P/B 3.61
P/tB 5.79
EV/EBITDA 30.9
EPS(TTM)1.21
EY0.6%
EPS(NY)3.59
Fwd EY1.78%
FCF(TTM)6.2
FCFY3.07%
OCF(TTM)9.19
OCFY4.54%
SpS27.19
BVpS56.02
TBVpS34.94
PEG (NY)0.85
PEG (5Y)3.56
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 3.41
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-1.32%
Revenue Next 2Y6.37%
Revenue Next 3Y6.22%
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 of COINBASE GLOBAL INC -CLASS A (COIN) stock?

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


How profitable is COINBASE GLOBAL INC -CLASS A (COIN) stock?

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


What are the PE and PB ratios of COINBASE GLOBAL INC -CLASS A (COIN) stock?

The Price/Earnings (PE) ratio for COINBASE GLOBAL INC -CLASS A (COIN) is 167.18 and the Price/Book (PB) ratio is 3.61.


Can you provide the expected EPS growth for COIN stock?

The Earnings per Share (EPS) of COINBASE GLOBAL INC -CLASS A (COIN) is expected to grow by 197.05% in the next year.