NasdaqGS:COIN

Stock Analysis Report

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Market Cap

US$49.1b

Last Updated

2021/07/28 01:45 UTC

Data Sources

Company Financials +

Executive Summary

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy. More Details


Snowflake Analysis

Excellent balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Coinbase Global's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: COIN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: Insufficient data to determine COIN's volatility change over the past year.


Market Performance


7 Day Return

4.5%

COIN

1.5%

US Capital Markets

0.9%

US Market


1 Year Return

n/a

COIN

57.0%

US Capital Markets

37.8%

US Market

Return vs Industry: Insufficient data to determine how COIN performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how COIN performed against the US Market.


Shareholder returns

COINIndustryMarket
7 Day4.5%1.5%0.9%
30 Day4.7%0.06%0.3%
90 Day-21.1%4.6%2.1%
1 Yearn/a60.4%57.0%40.0%37.8%
3 Yearn/a72.6%60.1%63.8%53.5%
5 Yearn/a175.9%142.4%124.6%99.7%

Long-Term Price Volatility Vs. Market

How volatile is Coinbase Global's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Coinbase Global undervalued compared to its fair value and its price relative to the market?

41.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: COIN ($235.08) is trading above our estimate of fair value ($12.22)

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


Price To Earnings Ratio

PE vs Industry: COIN is poor value based on its PE Ratio (41.1x) compared to the US Capital Markets industry average (13.2x).

PE vs Market: COIN is poor value based on its PE Ratio (41.1x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: COIN is poor value based on its PEG Ratio (6.3x)


Price to Book Ratio

PB vs Industry: COIN is good value based on its PB Ratio (8.7x) compared to the US Capital Markets industry average (61.9x).


Future Growth

How is Coinbase Global forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COIN's forecast earnings growth (6.5% per year) is above the savings rate (2%).

Earnings vs Market: COIN's earnings (6.5% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: COIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: COIN's revenue (7.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: COIN's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if COIN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Coinbase Global performed over the past 5 years?

399.2%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: COIN has high quality earnings.

Growing Profit Margin: COIN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if COIN's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare COIN's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: COIN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (51.3%).


Return on Equity

High ROE: COIN's Return on Equity (37.2%) is considered high.


Financial Health

How is Coinbase Global's financial position?


Financial Position Analysis

Short Term Liabilities: COIN's short term assets ($8.7B) exceed its short term liabilities ($7.3B).

Long Term Liabilities: COIN's short term assets ($8.7B) exceed its long term liabilities ($88.5M).


Debt to Equity History and Analysis

Debt Level: COIN's debt to equity ratio (19%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if COIN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: COIN's debt is well covered by operating cash flow (1093.3%).

Interest Coverage: COIN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Coinbase Global current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate COIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate COIN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if COIN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if COIN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of COIN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Brian Armstrong (38 yo)

9.17yrs

Tenure

US$59,472,256

Compensation

Mr. Brian Armstrong is co-founder of Coinbase Global, Inc and has been its Chief Executive Officer and Director since May 2012 and its Chairman since February 2021. Mr. Armstrong served as a software engin...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD59.47M) is above average for companies of similar size in the US market ($USD11.26M).

Compensation vs Earnings: Insufficient data to compare Brian's compensation with company performance.


Leadership Team

Experienced Management: COIN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: COIN's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: COIN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: COIN only recently listed within the past 12 months.


Top Shareholders

Company Information

Coinbase Global, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coinbase Global, Inc.
  • Ticker: COIN
  • Exchange: NasdaqGS
  • Founded: 2012
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: US$49.052b
  • Shares outstanding: 208.66m
  • Website: https://www.coinbase.com

Number of Employees


Location

  • Coinbase Global, Inc.
  • 1209 Orange Street Wilmington
  • Wilmington
  • Delaware
  • 19801
  • United States

Listings


Biography

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy. The company provides primary financial account for the cryptoeconomy, a platform to invest, store, spend, earn,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 01:45
End of Day Share Price2021/07/27 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.