COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
NASDAQ:COIN - Nasdaq - US19260Q1076 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to COIN. COIN was compared to 233 industry peers in the Capital Markets industry. COIN is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, COIN is valued expensive at the moment.
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.
COIN had positive earnings in 4 of the past 5 years.
Of the past 5 years COIN 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 6.75%, COIN belongs to the best of the industry, outperforming 81.97% of the companies in the same industry.
COIN's Return On Equity of 14.01% is fine compared to the rest of the industry. COIN outperforms 76.82% of its industry peers.
COIN has a better Return On Invested Capital (13.63%) than 86.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.75% | ||
| ROE | 14.01% | ||
| ROIC | 13.63% |
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
Looking at the Profit Margin, with a value of 21.08%, COIN is in the better half of the industry, outperforming 60.52% 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's Operating Margin of 33.06% is in line compared to the rest of the industry. COIN outperforms 57.51% of its industry peers.
COIN's Operating Margin has declined in the last couple of years.
The Gross Margin of COIN (85.87%) is better than 89.70% 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 | 33.06% | ||
| PM (TTM) | 21.08% | ||
| GM | 85.87% |
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.
Compared to 5 years ago, COIN has more shares outstanding
COIN has a better debt/assets ratio than last year.
2.2 Solvency
COIN has an Altman-Z score of 6.92. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
COIN's Altman-Z score of 6.92 is amongst the best of the industry. COIN outperforms 89.70% of its industry peers.
COIN has a debt to FCF ratio of 2.33. This is a good value and a sign of high solvency as COIN would need 2.33 years to pay back of all of its debts.
COIN has a better Debt to FCF ratio (2.33) than 82.83% of its industry peers.
COIN has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of COIN (0.40) is better than 70.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.33 | ||
| Altman-Z | 6.92 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.52 indicates that COIN has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.52, COIN is doing good in the industry, outperforming 75.97% of the companies in the same industry.
COIN has a Quick Ratio of 2.52. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
COIN has a better Quick ratio (2.52) than 76.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.52 | ||
| Quick Ratio | 2.52 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 99.25% over the past year.
The earnings per share for COIN have been decreasing by -14.20% on average. This is quite bad
The Revenue has grown by 75.19% in the past year. This is a very strong growth!
Measured over the past years, COIN shows a very strong growth in Revenue. The Revenue has been growing by 65.19% on average per year.
EPS 1Y (TTM)99.25%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%-88.84%
Revenue 1Y (TTM)75.19%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%24.23%
3.2 Future
COIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.46% yearly.
The Revenue is expected to grow by 4.69% on average over the next years.
EPS Next Y-31.65%
EPS Next 2Y1.23%
EPS Next 3Y2.12%
EPS Next 5Y6.46%
Revenue Next Year21.32%
Revenue Next 2Y15.38%
Revenue Next 3Y10.31%
Revenue Next 5Y4.69%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 72.66, COIN can be considered very expensive at the moment.
Based on the Price/Earnings ratio, COIN is valued a bit more expensive than 77.25% of the companies in the same industry.
COIN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.51.
Based on the Price/Forward Earnings ratio of 52.23, 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 72.96% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.58. COIN is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 72.66 | ||
| Fwd PE | 52.23 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COIN is valued a bit cheaper than the industry average as 63.09% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as COIN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.46 | ||
| EV/EBITDA | 39.68 |
4.3 Compensation for Growth
The decent profitability rating of COIN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.23%
EPS Next 3Y2.12%
5. Dividend
5.1 Amount
No dividends for COIN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
388.02
-5.99 (-1.52%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners57.83%
Inst Owner Change0.01%
Ins Owners1.87%
Ins Owner Change3.28%
Market Cap98.83B
Analysts75
Price Target278.45 (-28.24%)
Short Float %6.77%
Short Ratio0.95
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)1
Avg EPS beat(2)32.76%
Min EPS beat(2)-88.16%
Max EPS beat(2)153.68%
EPS beat(4)1
Avg EPS beat(4)-13.27%
Min EPS beat(4)-88.16%
Max EPS beat(4)153.68%
EPS beat(8)5
Avg EPS beat(8)1656.87%
EPS beat(12)8
Avg EPS beat(12)1105.04%
EPS beat(16)11
Avg EPS beat(16)751.32%
Revenue beat(2)1
Avg Revenue beat(2)6.78%
Min Revenue beat(2)-5.12%
Max Revenue beat(2)18.69%
Revenue beat(4)2
Avg Revenue beat(4)2.38%
Min Revenue beat(4)-5.84%
Max Revenue beat(4)18.69%
Revenue beat(8)6
Avg Revenue beat(8)6.54%
Revenue beat(12)8
Avg Revenue beat(12)4.67%
Revenue beat(16)10
Avg Revenue beat(16)4.03%
PT rev (1m)1.13%
PT rev (3m)-15.81%
EPS NQ rev (1m)-3.37%
EPS NQ rev (3m)-22.99%
EPS NY rev (1m)-10.8%
EPS NY rev (3m)-35.7%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)-14.03%
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)-8.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 72.66 | ||
| Fwd PE | 52.23 | ||
| P/S | 14.2 | ||
| P/FCF | 54.46 | ||
| P/OCF | 50.36 | ||
| P/B | 9.44 | ||
| P/tB | 10.66 | ||
| EV/EBITDA | 39.68 |
EPS(TTM)5.34
EY1.38%
EPS(NY)7.43
Fwd EY1.91%
FCF(TTM)7.12
FCFY1.84%
OCF(TTM)7.71
OCFY1.99%
SpS27.33
BVpS41.1
TBVpS36.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.75% | ||
| ROE | 14.01% | ||
| ROCE | 15.55% | ||
| ROIC | 13.63% | ||
| ROICexc | 29.9% | ||
| ROICexgc | 36.37% | ||
| OM | 33.06% | ||
| PM (TTM) | 21.08% | ||
| GM | 85.87% | ||
| FCFM | 26.07% |
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 Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.33 | ||
| Debt/EBITDA | 1.74 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.67% | ||
| Profit Quality | 123.69% | ||
| Current Ratio | 2.52 | ||
| Quick Ratio | 2.52 | ||
| Altman-Z | 6.92 |
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)99.25%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%-88.84%
EPS Next Y-31.65%
EPS Next 2Y1.23%
EPS Next 3Y2.12%
EPS Next 5Y6.46%
Revenue 1Y (TTM)75.19%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%24.23%
Revenue Next Year21.32%
Revenue Next 2Y15.38%
Revenue Next 3Y10.31%
Revenue Next 5Y4.69%
EBIT growth 1Y281.79%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year75.19%
EBIT Next 3Y22.65%
EBIT Next 5Y3.75%
FCF growth 1Y212.36%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y290.36%
OCF growth 3Y-38%
OCF growth 5YN/A