Coinbase Global Valuation

Is 1COIN 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 1COIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1COIN (€268.1) is trading above our estimate of fair value (€111.03)

Significantly Below Fair Value: 1COIN is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1COIN?

Key metric: As 1COIN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1COIN. This is calculated by dividing 1COIN's market cap by their current earnings.
What is 1COIN's PE Ratio?
PE Ratio43.9x
EarningsUS$1.56b
Market CapUS$68.58b

Price to Earnings Ratio vs Peers

How does 1COIN's PE Ratio compare to its peers?

The above table shows the PE ratio for 1COIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.5x
300059 East Money InformationLtd
51.4x12.6%CN¥412.2b
MCO Moody's
42.2x9.4%US$83.7b
CME CME Group
25.1x3.1%US$85.3b
ICE Intercontinental Exchange
35.5x11.4%US$85.1b
1COIN Coinbase Global
43.9x-18.3%€68.6b

Price-To-Earnings vs Peers: 1COIN is expensive based on its Price-To-Earnings Ratio (43.9x) compared to the peer average (38.3x).


Price to Earnings Ratio vs Industry

How does 1COIN's PE Ratio compare vs other companies in the European Capital Markets Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1COIN 43.9xIndustry Avg. 13.0xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1COIN is expensive based on its Price-To-Earnings Ratio (43.9x) compared to the European Capital Markets industry average (13.1x).


Price to Earnings Ratio vs Fair Ratio

What is 1COIN'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.

1COIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.9x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: 1COIN is expensive based on its Price-To-Earnings Ratio (43.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).


Analyst Price Targets

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

The above table shows the analyst 1COIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€268.10
€280.24
+4.5%
24.1%€402.70€143.82n/a25
Dec ’25€294.05
€247.42
-15.9%
27.4%€381.12€142.92n/a25
Nov ’25€172.02
€217.94
+26.7%
22.6%€321.79€124.12n/a23
Oct ’25€149.06
€221.54
+48.6%
25.4%€358.32€120.93n/a23
Sep ’25€164.78
€224.15
+36.0%
24.5%€358.64€116.56n/a23
Aug ’25€200.50
€236.93
+18.2%
25.0%€370.68€120.47n/a24
Jul ’25€215.30
€239.45
+11.2%
26.5%€421.34€121.72n/a23
Jun ’25€208.55
€232.93
+11.7%
27.4%€413.87€119.56n/a22
May ’25€197.00
€224.43
+13.9%
33.0%€420.89€102.88n/a23
Apr ’25€247.70
€181.95
-26.5%
35.6%€325.85€74.48n/a23
Mar ’25€188.52
€153.08
-18.8%
30.4%€231.03€73.93n/a23
Feb ’25€116.26
€116.91
+0.6%
34.8%€184.24€55.27n/a23
Jan ’25€156.06
€92.70
-40.6%
38.6%€181.60€35.41n/a22
Dec ’24€120.50
€78.54
-34.8%
39.1%€136.71€31.90€294.0523
Nov ’24n/a
€80.68
0%
40.8%€141.95€25.55€172.0223
Oct ’24€71.50
€81.27
+13.7%
47.4%€183.32€24.75€149.0621
Sep ’24€72.98
€81.27
+11.4%
47.4%€183.32€24.75€164.7821
Aug ’24€83.23
€72.76
-12.6%
51.7%€182.10€24.58€200.5022
Jul ’24€65.10
€61.91
-4.9%
49.8%€182.70€24.66€215.3022
Jun ’24€59.09
€61.96
+4.9%
48.9%€183.88€24.82€208.5523
May ’24€47.76
€63.81
+33.6%
49.3%€182.30€27.35€197.0022
Apr ’24€62.51
€63.79
+2.0%
51.3%€184.38€27.66€247.7021
Mar ’24€60.16
€59.38
-1.3%
32.5%€94.32€28.30€188.5223
Feb ’24€52.91
€52.79
-0.2%
41.4%€110.52€27.63€116.2625
Jan ’24€33.25
€67.06
+101.7%
39.7%€146.13€28.28€156.0624
Dec ’23€43.28
€71.66
+65.6%
37.0%€150.43€39.79€120.5024

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:51
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Coinbase Global, Inc. is covered by 38 analysts. 22 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
Jason KupferbergBofA Global Research