COINBASE GLOBAL INC -CLASS A (COIN) Stock Fundamental Analysis
NASDAQ:COIN - Nasdaq - US19260Q1076 - Common Stock - Currency: USD
Taking everything into account, COIN scores 6 out of 10 in our fundamental rating. COIN was compared to 230 industry peers in the Capital Markets industry. COIN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. COIN is valued quite expensively, but it does show have an excellent growth rating. This makes COIN very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
COIN had positive earnings in the past year.
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.
1.2 Ratios
COIN has a Return On Assets of 11.44%. This is amongst the best in the industry. COIN outperforms 91.30% of its industry peers.
COIN's Return On Equity of 25.08% is amongst the best of the industry. COIN outperforms 91.74% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.42%, COIN belongs to the top of the industry, outperforming 88.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.44% | ||
| ROE | 25.08% | ||
| ROIC | 13.42% |
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
The Profit Margin of COIN (39.27%) is better than 80.43% of its industry peers.
COIN's Profit Margin has been stable in the last couple of years.
COIN has a better Operating Margin (34.06%) than 61.74% of its industry peers.
In the last couple of years the Operating Margin of COIN has declined.
With an excellent Gross Margin value of 86.32%, COIN belongs to the best of the industry, outperforming 89.57% 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 | 34.06% | ||
| PM (TTM) | 39.27% | ||
| GM | 86.32% |
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.
The number of shares outstanding for COIN has been increased compared to 5 years ago.
Compared to 1 year ago, COIN has an improved debt to assets ratio.
2.2 Solvency
COIN has an Altman-Z score of 3.97. This indicates that COIN is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.97, COIN belongs to the top of the industry, outperforming 84.35% of the companies in the same industry.
The Debt to FCF ratio of COIN is 1.66, which is an excellent value as it means it would take COIN, only 1.66 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.66, COIN belongs to the top of the industry, outperforming 83.91% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that COIN is not too dependend on debt financing.
COIN has a Debt to Equity ratio of 0.41. This is in the better half of the industry: COIN outperforms 72.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 3.97 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
COIN has a Current Ratio of 2.28. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.28, COIN is in the better half of the industry, outperforming 76.96% of the companies in the same industry.
COIN has a Quick Ratio of 2.28. This indicates that COIN is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.28, COIN is doing good in the industry, outperforming 76.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.28 | ||
| Quick Ratio | 2.28 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 3715.79% over the past year.
The earnings per share for COIN have been decreasing by -14.20% on average. This is quite bad
COIN shows a strong growth in Revenue. In the last year, the Revenue has grown by 111.18%.
COIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 65.19% yearly.
EPS 1Y (TTM)3715.79%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%350%
Revenue 1Y (TTM)111.18%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%138.17%
3.2 Future
Based on estimates for the next years, COIN will show a small growth in Earnings Per Share. The EPS will grow by 6.46% on average per year.
COIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.86% yearly.
EPS Next Y3.08%
EPS Next 2Y2.54%
EPS Next 3Y-0.58%
EPS Next 5Y6.46%
Revenue Next Year31.19%
Revenue Next 2Y17.43%
Revenue Next 3Y9.83%
Revenue Next 5Y9.86%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 28.27, the valuation of COIN can be described as expensive.
Based on the Price/Earnings ratio, COIN is valued a bit more expensive than 70.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.22, COIN is valued at the same level.
The Price/Forward Earnings ratio is 27.42, which means the current valuation is very expensive for COIN.
Based on the Price/Forward Earnings ratio, COIN is valued a bit more expensive than the industry average as 68.26% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.86, COIN is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.27 | ||
| Fwd PE | 27.42 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COIN is valued a bit cheaper than 73.48% of the companies in the same industry.
COIN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.35 | ||
| EV/EBITDA | 19.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of COIN may justify a higher PE ratio.
PEG (NY)9.17
PEG (5Y)N/A
EPS Next 2Y2.54%
EPS Next 3Y-0.58%
5. Dividend
5.1 Amount
COIN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
204.93
+3.63 (+1.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners58.4%
Inst Owner Change0.4%
Ins Owners1.98%
Ins Owner Change-3.59%
Market Cap52.03B
Analysts75.29
Price Target288.96 (41%)
Short Float %5.18%
Short Ratio1.11
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)60.2%
Min EPS beat(2)-33.29%
Max EPS beat(2)153.68%
EPS beat(4)2
Avg EPS beat(4)29.98%
Min EPS beat(4)-85.3%
Max EPS beat(4)153.68%
EPS beat(8)6
Avg EPS beat(8)1677.3%
EPS beat(12)8
Avg EPS beat(12)998.89%
EPS beat(16)11
Avg EPS beat(16)756.72%
Revenue beat(2)1
Avg Revenue beat(2)6.42%
Min Revenue beat(2)-5.84%
Max Revenue beat(2)18.69%
Revenue beat(4)3
Avg Revenue beat(4)8.22%
Min Revenue beat(4)-5.84%
Max Revenue beat(4)18.69%
Revenue beat(8)7
Avg Revenue beat(8)9.09%
Revenue beat(12)8
Avg Revenue beat(12)3.22%
Revenue beat(16)10
Avg Revenue beat(16)4.19%
PT rev (1m)-15.82%
PT rev (3m)-3.55%
EPS NQ rev (1m)-4.62%
EPS NQ rev (3m)122.93%
EPS NY rev (1m)-3.02%
EPS NY rev (3m)71.1%
Revenue NQ rev (1m)-2.02%
Revenue NQ rev (3m)52.87%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)25.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.27 | ||
| Fwd PE | 27.42 | ||
| P/S | 7.93 | ||
| P/FCF | 20.35 | ||
| P/OCF | 20.35 | ||
| P/B | 5.06 | ||
| P/tB | 5.72 | ||
| EV/EBITDA | 19.8 |
EPS(TTM)7.25
EY3.54%
EPS(NY)7.47
Fwd EY3.65%
FCF(TTM)10.07
FCFY4.91%
OCF(TTM)10.07
OCFY4.91%
SpS25.85
BVpS40.48
TBVpS35.81
PEG (NY)9.17
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.44% | ||
| ROE | 25.08% | ||
| ROCE | 15.31% | ||
| ROIC | 13.42% | ||
| ROICexc | 32.35% | ||
| ROICexgc | 40.23% | ||
| OM | 34.06% | ||
| PM (TTM) | 39.27% | ||
| GM | 86.32% | ||
| FCFM | 38.95% |
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 Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.66 | ||
| Debt/EBITDA | 1.79 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 32.61 | ||
| Cash Conversion | 108.21% | ||
| Profit Quality | 99.19% | ||
| Current Ratio | 2.28 | ||
| Quick Ratio | 2.28 | ||
| Altman-Z | 3.97 |
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)3715.79%
EPS 3Y-14.2%
EPS 5YN/A
EPS Q2Q%350%
EPS Next Y3.08%
EPS Next 2Y2.54%
EPS Next 3Y-0.58%
EPS Next 5Y6.46%
Revenue 1Y (TTM)111.18%
Revenue growth 3Y-5.75%
Revenue growth 5Y65.19%
Sales Q2Q%138.17%
Revenue Next Year31.19%
Revenue Next 2Y17.43%
Revenue Next 3Y9.83%
Revenue Next 5Y9.86%
EBIT growth 1Y6856.64%
EBIT growth 3Y-11.31%
EBIT growth 5YN/A
EBIT Next Year117.06%
EBIT Next 3Y26.41%
EBIT Next 5Y5.55%
FCF growth 1Y296.05%
FCF growth 3Y-30.62%
FCF growth 5YN/A
OCF growth 1Y177.03%
OCF growth 3Y-38%
OCF growth 5YN/A