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

NASDAQ:COIN • US19260Q1076

Current stock price

173.38 USD
-7.72 (-4.26%)
At close:
171.59 USD
-1.79 (-1.03%)
Pre-Market:

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.
  • COIN had a positive operating cash flow in 4 of the past 5 years.
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 65.27% of the companies in the same industry.
  • COIN has a Return On Equity of 8.52%. This is comparable to the rest of the industry: COIN outperforms 53.14% of its industry peers.
  • With a decent Return On Invested Capital value of 5.79%, COIN is doing good in the industry, outperforming 72.38% of the companies in the same industry.
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's Profit Margin of 17.55% is in line compared to the rest of the industry. COIN outperforms 51.46% of its industry peers.
  • In the last couple of years the Profit Margin of COIN has grown nicely.
  • COIN has a Operating Margin of 20.28%. This is comparable to the rest of the industry: COIN outperforms 46.03% of its industry peers.
  • 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 89.96% 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
  • Compared to 5 years ago, COIN has more shares outstanding
  • Compared to 1 year ago, COIN has a worse debt to assets ratio.
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

  • An Altman-Z score of 3.02 indicates that COIN is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.02, COIN is in the better half of the industry, outperforming 76.57% 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.
  • COIN has a better Debt to FCF ratio (4.67) than 69.04% of its industry peers.
  • A Debt/Equity ratio of 0.43 indicates that COIN is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.43, COIN is doing good in the industry, outperforming 67.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 4.67
Altman-Z 3.02
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.
  • Looking at the Current ratio, with a value of 2.34, COIN is in the better half of the industry, outperforming 79.08% of the companies in the same industry.
  • A Quick Ratio of 2.34 indicates that COIN has no problem at all paying its short term obligations.
  • COIN has a Quick ratio of 2.34. This is in the better half of the industry: COIN outperforms 79.08% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. COIN Growth Analysis

3.1 Past

  • The earnings per share for COIN have decreased strongly by -83.31% in the last year.
  • 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.
  • The Revenue has grown by 9.40% in the past year. This is quite good.
  • 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-1.76%
Revenue Next 2Y6.36%
Revenue Next 3Y7.54%
Revenue Next 5Y8.61%

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 stable.
  • 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.
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

  • Based on the Price/Earnings ratio of 143.29, the valuation of COIN can be described as expensive.
  • Based on the Price/Earnings ratio, COIN is valued a bit more expensive than the industry average as 79.50% of the companies are valued more cheaply.
  • COIN is valuated expensively when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • COIN is valuated quite expensively with a Price/Forward Earnings ratio of 48.24.
  • Based on the Price/Forward Earnings ratio, COIN is valued a bit more expensive than 72.38% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, COIN is valued quite expensively.
Industry RankSector Rank
PE 143.29
Fwd PE 48.24
COIN Price Earnings VS Forward Price EarningsCOIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

  • 65.27% of the companies in the same industry are more expensive than COIN, based on the Enterprise Value to EBITDA ratio.
  • 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 27.94
EV/EBITDA 24.98
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

  • COIN's 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)0.73
PEG (5Y)3.05
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 (3/26/2026, 8:12:56 PM)

Premarket: 171.59 -1.79 (-1.03%)

173.38

-7.72 (-4.26%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners68.85%
Inst Owner Change0.96%
Ins Owners1.28%
Ins Owner Change44.97%
Market Cap45.79B
Revenue(TTM)7.18B
Net Income(TTM)1.26B
Analysts76.74
Price Target259.28 (49.54%)
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)-32.55%
EPS NQ rev (1m)-68.72%
EPS NQ rev (3m)-67.93%
EPS NY rev (1m)-44.68%
EPS NY rev (3m)-48.71%
Revenue NQ rev (1m)-18.21%
Revenue NQ rev (3m)-20.49%
Revenue NY rev (1m)-15.21%
Revenue NY rev (3m)-17.52%
Valuation
Industry RankSector Rank
PE 143.29
Fwd PE 48.24
P/S 6.38
P/FCF 27.94
P/OCF 18.87
P/B 3.1
P/tB 4.96
EV/EBITDA 24.98
EPS(TTM)1.21
EY0.7%
EPS(NY)3.59
Fwd EY2.07%
FCF(TTM)6.2
FCFY3.58%
OCF(TTM)9.19
OCFY5.3%
SpS27.19
BVpS56.02
TBVpS34.94
PEG (NY)0.73
PEG (5Y)3.05
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 3.02
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-1.76%
Revenue Next 2Y6.36%
Revenue Next 3Y7.54%
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 143.29 and the Price/Book (PB) ratio is 3.1.


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.