COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
NASDAQ:COIN - US19260Q1076 - Common Stock
304.54 USD
-3.93 (-1.27%)
306.75 USD
+2.21 (+0.73%)
We assign a fundamental rating of 5 out of 10 to COIN. COIN was compared to 239 industry peers in the Capital Markets industry. While COIN has a great health rating, its profitability is only average at the moment. 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 12.18%, COIN belongs to the best of the industry, outperforming 92.89% of the companies in the same industry.
Looking at the Return On Equity, with a value of 23.65%, COIN belongs to the top of the industry, outperforming 90.80% of the companies in the same industry.
COIN's Return On Invested Capital of 10.89% is amongst the best of the industry. COIN outperforms 86.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 23.65% | ||
| ROIC | 10.89% |
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
COIN has a Profit Margin of 40.81%. This is amongst the best in the industry. COIN outperforms 84.94% of its industry peers.
COIN's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 27.03%, COIN perfoms like the industry average, outperforming 52.30% of the companies in the same industry.
In the last couple of years the Operating Margin of COIN has declined.
With an excellent Gross Margin value of 85.20%, COIN belongs to the best of the industry, outperforming 88.70% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.03% | ||
| PM (TTM) | 40.81% | ||
| GM | 85.2% |
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
COIN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, COIN has more shares outstanding
Compared to 1 year ago, COIN has an improved debt to assets ratio.
2.2 Solvency
COIN has an Altman-Z score of 5.55. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of COIN (5.55) is better than 86.19% of its industry peers.
The Debt to FCF ratio of COIN is 3.15, which is a good value as it means it would take COIN, 3.15 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.15, COIN is doing good in the industry, outperforming 79.08% of the companies in the same industry.
A Debt/Equity ratio of 0.25 indicates that COIN is not too dependend on debt financing.
COIN has a better Debt to Equity ratio (0.25) than 75.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 5.55 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.13 indicates that COIN has no problem at all paying its short term obligations.
The Current ratio of COIN (2.13) is better than 73.64% of its industry peers.
A Quick Ratio of 2.13 indicates that COIN has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.13, COIN is in the better half of the industry, outperforming 73.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.13 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 115.66% over the past year.
COIN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.20% yearly.
Looking at the last year, COIN shows a very strong growth in Revenue. The Revenue has grown by 48.63%.
The Revenue has been growing by 65.18% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)115.66%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%1300%
Revenue 1Y (TTM)48.63%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.18%
Sales Q2Q%3.28%
3.2 Future
The Earnings Per Share is expected to grow by 10.78% on average over the next years. This is quite good.
Based on estimates for the next years, COIN will show a small growth in Revenue. The Revenue will grow by 6.87% on average per year.
EPS Next Y11.12%
EPS Next 2Y1.48%
EPS Next 3Y3.41%
EPS Next 5Y10.78%
Revenue Next Year20.91%
Revenue Next 2Y16.87%
Revenue Next 3Y12.74%
Revenue Next 5Y6.87%
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
The Price/Earnings ratio is 42.53, 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 76.15% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of COIN to the average of the S&P500 Index (27.13), we can say COIN is valued expensively.
With a Price/Forward Earnings ratio of 40.79, COIN can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, COIN is valued a bit more expensive than the industry average as 72.38% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.76. COIN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.53 | ||
| Fwd PE | 40.79 |
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 63.18% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as COIN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.04 | ||
| EV/EBITDA | 37.01 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates COIN does not grow enough to justify the current Price/Earnings ratio.
COIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.82
PEG (5Y)N/A
EPS Next 2Y1.48%
EPS Next 3Y3.41%
5. Dividend
5.1 Amount
COIN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
304.54
-3.93 (-1.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners58.49%
Inst Owner Change17.06%
Ins Owners1.87%
Ins Owner Change0.47%
Market Cap78.25B
Analysts73.66
Price Target377.46 (23.94%)
Short Float %4.87%
Short Ratio0.7
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)-17.59%
Min EPS beat(2)-88.16%
Max EPS beat(2)52.97%
EPS beat(4)2
Avg EPS beat(4)21.3%
Min EPS beat(4)-88.16%
Max EPS beat(4)153.68%
EPS beat(8)5
Avg EPS beat(8)1658.94%
EPS beat(12)9
Avg EPS beat(12)1115.78%
EPS beat(16)11
Avg EPS beat(16)751.8%
Revenue beat(2)0
Avg Revenue beat(2)-6.63%
Min Revenue beat(2)-8.15%
Max Revenue beat(2)-5.12%
Revenue beat(4)1
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-8.15%
Max Revenue beat(4)18.69%
Revenue beat(8)5
Avg Revenue beat(8)4.31%
Revenue beat(12)8
Avg Revenue beat(12)4.39%
Revenue beat(16)9
Avg Revenue beat(16)2.09%
PT rev (1m)17.34%
PT rev (3m)38.14%
EPS NQ rev (1m)-7.96%
EPS NQ rev (3m)-31.33%
EPS NY rev (1m)62.58%
EPS NY rev (3m)45.02%
Revenue NQ rev (1m)3.04%
Revenue NQ rev (3m)-9.48%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-1.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.53 | ||
| Fwd PE | 40.79 | ||
| P/S | 11.17 | ||
| P/FCF | 58.04 | ||
| P/OCF | 43.31 | ||
| P/B | 6.47 | ||
| P/tB | 7.18 | ||
| EV/EBITDA | 37.01 |
EPS(TTM)7.16
EY2.35%
EPS(NY)7.47
Fwd EY2.45%
FCF(TTM)5.25
FCFY1.72%
OCF(TTM)7.03
OCFY2.31%
SpS27.28
BVpS47.07
TBVpS42.42
PEG (NY)3.82
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 23.65% | ||
| ROCE | 12.42% | ||
| ROIC | 10.89% | ||
| ROICexc | 21.54% | ||
| ROICexgc | 25.5% | ||
| OM | 27.03% | ||
| PM (TTM) | 40.81% | ||
| GM | 85.2% | ||
| FCFM | 19.24% |
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-34.86%
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-Score5
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 3.15 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 27.01 | ||
| Cash Conversion | 89.23% | ||
| Profit Quality | 47.14% | ||
| Current Ratio | 2.13 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 5.55 |
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)115.66%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%1300%
EPS Next Y11.12%
EPS Next 2Y1.48%
EPS Next 3Y3.41%
EPS Next 5Y10.78%
Revenue 1Y (TTM)48.63%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.18%
Sales Q2Q%3.28%
Revenue Next Year20.91%
Revenue Next 2Y16.87%
Revenue Next 3Y12.74%
Revenue Next 5Y6.87%
EBIT growth 1Y83.01%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year65.26%
EBIT Next 3Y27.98%
EBIT Next 5Y2.8%
FCF growth 1Y-48.12%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y-37.53%
OCF growth 3Y-38%
OCF growth 5YN/A