COIN Valuation

Coinbase Global Inc

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322.620

+3(0.939%)1D

Overview
Forecast
Valuation
Earnings

COIN Relative Valuation

COIN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, COIN is overvalued; if below, it's undervalued.

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Historical Valuation

Coinbase Global Inc (COIN) is now in the Fair zone, suggesting that its current forward PS ratio of 10.85 is considered Fairly compared with the five-year average of 24.60. The fair price of Coinbase Global Inc (COIN) is between 193.72 to 331.40 according to relative valuation methord.

Relative Value

Fair Zone

193.72-331.40

Current Price：322.62

Fair

50.20

Trailing

Forward

24.52

EV/EBITDA

Coinbase Global Inc. (COIN) has a current EV/EBITDA of 24.52. The 5-year average EV/EBITDA is 3.40. The thresholds are as follows: Strongly Undervalued below -73.09, Undervalued between -73.09 and -34.84, Fairly Valued between 41.64 and -34.84, Overvalued between 41.64 and 79.89, and Strongly Overvalued above 79.89. The current Forward EV/EBITDA of 24.52 falls within the Historic Trend Line -Fairly Valued range.

35.37

EV/EBIT

Coinbase Global Inc. (COIN) has a current EV/EBIT of 35.37. The 5-year average EV/EBIT is 27.79. The thresholds are as follows: Strongly Undervalued below -152.18, Undervalued between -152.18 and -62.20, Fairly Valued between 117.77 and -62.20, Overvalued between 117.77 and 207.76, and Strongly Overvalued above 207.76. The current Forward EV/EBIT of 35.37 falls within the Historic Trend Line -Fairly Valued range.

10.85

Coinbase Global Inc. (COIN) has a current PS of 10.85. The 5-year average PS is 7.92. The thresholds are as follows: Strongly Undervalued below 2.13, Undervalued between 2.13 and 5.02, Fairly Valued between 10.81 and 5.02, Overvalued between 10.81 and 13.71, and Strongly Overvalued above 13.71. The current Forward PS of 10.85 falls within the Overvalued range.

34.11

P/OCF

Coinbase Global Inc. (COIN) has a current P/OCF of 34.11. The 5-year average P/OCF is -8.52. The thresholds are as follows: Strongly Undervalued below -241.27, Undervalued between -241.27 and -124.89, Fairly Valued between 107.86 and -124.89, Overvalued between 107.86 and 224.23, and Strongly Overvalued above 224.23. The current Forward P/OCF of 34.11 falls within the Historic Trend Line -Fairly Valued range.

35.10

P/FCF

Coinbase Global Inc. (COIN) has a current P/FCF of 35.10. The 5-year average P/FCF is 18.72. The thresholds are as follows: Strongly Undervalued below -46.54, Undervalued between -46.54 and -13.91, Fairly Valued between 51.36 and -13.91, Overvalued between 51.36 and 83.99, and Strongly Overvalued above 83.99. The current Forward P/FCF of 35.10 falls within the Historic Trend Line -Fairly Valued range.

Coinbase Global Inc (COIN) has a current Price-to-Book (P/B) ratio of 6.84. Compared to its 3-year average P/B ratio of 4.96 , the current P/B ratio is approximately 37.90% higher. Relative to its 5-year average P/B ratio of 5.89, the current P/B ratio is about 16.09% higher. Coinbase Global Inc (COIN) has a Forward Free Cash Flow (FCF) yield of approximately 2.20%. Compared to its 3-year average FCF yield of -4.90%, the current FCF yield is approximately -144.90% lower. Relative to its 5-year average FCF yield of -0.77% , the current FCF yield is about -386.58% lower.

6.84

P/B

Median3y

4.96

Median5y

5.89

2.20

FCF Yield

Median3y

-4.90

Median5y

-0.77

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Competitors Valuation Multiple

The average P/S ratio for COIN's competitors is 10.86, providing a benchmark for relative valuation. Coinbase Global Inc Corp (COIN) exhibits a P/S ratio of 10.85, which is -0.04% above the industry average. Given its robust revenue growth of 3.28%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Bank of New York Mellon Corp

Robinhood Markets Inc

Performance Decomposition

Market capitalization of COIN increased by 75.95% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 2.49 to 95.44.

The secondary factor is the Revenue Growth, contributed 3.28%to the performance.

Overall, the performance of COIN in the past 1 year is driven by Margin Expansion. Which is more sustainable.

3.28%

1.45B → 1.50B

Revenue Growth

3732.93%

2.49 → 95.44

Margin Expansion

-3660.26%

-0.87 → 31.11

P/E Change

75.95%