COINBASE GLOBAL INC -CLASS A (COIN)
US19260Q1076 - Common Stock
We assign a fundamental rating of 4 out of 10 to COIN. COIN was compared to 210 industry peers in the Capital Markets industry. While COIN seems to be doing ok healthwise, there are quite some concerns on its profitability. COIN shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year COIN was profitable.
COIN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: COIN reported negative net income in multiple 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
With a Return On Assets value of 0.05%, COIN is not doing good in the industry: 77.40% of the companies in the same industry are doing better.
The Return On Equity of COIN (1.51%) is worse than 75.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 1.51% | ||
| ROIC | N/A |
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
COIN has a Profit Margin of 3.05%. This is in the lower half of the industry: COIN underperforms 73.08% of its industry peers.
In the last couple of years the Profit Margin of COIN has declined.
COIN has a Gross Margin of 86.47%. This is amongst the best in the industry. COIN outperforms 88.46% 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 | N/A | ||
| PM (TTM) | 3.05% | ||
| GM | 86.47% |
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
COIN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.22, 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 0.22, COIN is doing worse than 73.56% of the companies in the same industry.
The Debt to FCF ratio of COIN is 4.62, which is a neutral value as it means it would take COIN, 4.62 years of fcf income to pay off all of its debts.
COIN has a Debt to FCF ratio of 4.62. This is in the better half of the industry: COIN outperforms 66.35% of its industry peers.
COIN has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.47, COIN is doing good in the industry, outperforming 70.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.62 | ||
| Altman-Z | 0.22 |
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 has a Current ratio of 1.03. This is comparable to the rest of the industry: COIN outperforms 43.75% 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.
With a Quick ratio value of 1.03, COIN perfoms like the industry average, outperforming 44.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 101.63% over the past year.
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.
The Revenue has decreased by -2.69% in the past year.
COIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.50% yearly.
EPS 1Y (TTM)101.63%
EPS 3Y-16.48%
EPS 5YN/A
EPS growth Q2Q142.28%
Revenue 1Y (TTM)-2.69%
Revenue growth 3Y34.5%
Revenue growth 5YN/A
Revenue growth Q2Q51.61%
3.2 Future
COIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 61.87% yearly.
COIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.39% yearly.
EPS Next Y847.26%
EPS Next 2Y206.56%
EPS Next 3Y154.84%
EPS Next 5Y61.87%
Revenue Next Year48.79%
Revenue Next 2Y24.66%
Revenue Next 3Y22.06%
Revenue Next 5Y13.39%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 1180.89, which means the current valuation is very expensive for COIN.
Based on the Price/Earnings ratio, COIN is valued expensively inside the industry as 86.06% of the companies are valued cheaper.
When comparing the Price/Earnings ratio of COIN to the average of the S&P500 Index (25.25), we can say COIN is valued expensively.
COIN is valuated quite expensively with a Price/Forward Earnings ratio of 124.66.
Based on the Price/Forward Earnings ratio, COIN is valued a bit more expensive than 77.88% of the companies 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 21.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1180.89 | ||
| Fwd PE | 124.66 |
4.2 Price Multiples
COIN's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, COIN is valued a bit more expensive than 63.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 84.2 | ||
| EV/EBITDA | 489.89 |
4.3 Compensation for Growth
COIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as COIN's earnings are expected to grow with 154.84% in the coming years.
PEG (NY)1.39
PEG (5Y)N/A
EPS Next 2Y206.56%
EPS Next 3Y154.84%
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 (4/24/2024, 7:00:00 PM)
Premarket: 223 -1.37 (-0.61%)224.37
-12.06 (-5.1%)
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 Cap54.36B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1180.89 | ||
| Fwd PE | 124.66 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
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OCF(TTM)
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SpS
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PEG (NY)1.39
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 1.51% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 3.05% | ||
| GM | 86.47% | ||
| 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 | 0.47 | ||
| 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)
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Profit Quality(3y)
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Growth
EPS 1Y (TTM)101.63%
EPS 3Y-16.48%
EPS 5Y
EPS growth Q2Q
EPS Next Y847.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.69%
Revenue growth 3Y34.5%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
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Revenue Next 3Y
Revenue Next 5Y
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