Coinbase Global, Inc.

BOVESPA:C2OI34 Stock Report

Market Cap: R$384.7b

Coinbase Global Valuation

Is C2OI34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of C2OI34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
R$10.92
Fair Value
455.4% overvalued intrinsic discount
27
Number of Analysts

Below Fair Value: C2OI34 (R$60.66) is trading above our estimate of fair value (R$10.92)

Significantly Below Fair Value: C2OI34 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C2OI34?

Key metric: As C2OI34 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for C2OI34. This is calculated by dividing C2OI34's market cap by their current earnings.
What is C2OI34's PE Ratio?
PE Ratio46.2x
EarningsUS$1.47b
Market CapUS$67.87b

Price to Earnings Ratio vs Peers

How does C2OI34's PE Ratio compare to its peers?

The above table shows the PE ratio for C2OI34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
B3SA3 B3 - Brasil Bolsa Balcão
16.3x8.95%R$77.0b
BPAC11 Banco BTG Pactual
17x16.64%R$190.0b
NDAQ Nasdaq
36.8x10.37%US$46.7b
388 Hong Kong Exchanges and Clearing
33.8x5.62%HK$478.8b
C2OI34 Coinbase Global
46.2x10.63%R$67.9b

Price-To-Earnings vs Peers: C2OI34 is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does C2OI34's PE Ratio compare vs other companies in the South American Capital Markets Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
C2OI34 46.2xIndustry Avg. 8.7xNo. of Companies8PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: C2OI34 is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the South American Capital Markets industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is C2OI34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

C2OI34 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.2x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: C2OI34 is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

AnalystConsensusTarget
Consensus Narrative from 27 Analysts
R$59.24
Fair Value
2.4% overvalued intrinsic discount
27
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/17 14:21
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Coinbase Global, Inc. is covered by 41 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Benjamin BudishBarclays
Mark PalmerBenchmark Company