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Coinbase Global Inc Ordinary Shares - Class A COIN

Morningstar Rating
$218.02 +3.39 (1.58%)
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Company Report

Coinbase Benefits From Higher Cryptocurrency Prices and a Leaner Cost Structure Heading Into 2024

As the leading U.S.-based cryptocurrency exchange, Coinbase has positioned itself as the reliable on-ramp to the cryptocurrency space for new and experienced cryptocurrency traders alike. The company’s reputation and record as a custodian have allowed it to maintain transaction fees above many of its peers despite operating in a crowded field. Unlike traditional exchanges in the U.S., Coinbase fulfills multiple roles in the trading ecosystem by acting as an exchange, asset custodian, and broker. Coinbase has continued to branch off into adjacent businesses offering the stablecoin USDC through its partnership with Circle, a crypto debit card, blockchain infrastructure, and data analytics services.

Price vs Fair Value

COIN is trading within a range we consider fairly valued.
Price
$218.02
Fair Value
$493.00
Uncertainty
Very High
1-Star Price
$382.20
5-Star Price
$28.00
Economic Moat
Bwyb
Capital Allocation
Ffqchpjf

Bulls Say, Bears Say

Bulls

Coinbase has established itself as the leading U.S. cryptocurrency exchange and established a strong reputation for security in an industry filled with risk for traders.

Bears

Cryptocurrency markets have historically been deeply cyclical with long periods of low prices and depressed trading volume. This adds considerable volatility to Coinbase’s revenue flow.

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News

Trading Information

Previous Close Price
$214.63
Day Range
$214.57222.15
52-Week Range
$69.63283.48
Bid/Ask
$218.50 / $219.00
Market Cap
$53.54 Bil
Volume/Avg
4.9 Mil / 8.5 Mil

Key Statistics

Price/Earnings (Normalized)
302.70
Price/Sales
14.46
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Stock Style Box
Large Core
Total Number of Employees
3,416

Competitors

Valuation

Metric
COIN
SQ
ICE
Price/Earnings (Normalized)
302.7030.6526.04
Price/Book Value
6.632.243.24
Price/Sales
14.461.858.25
Price/Cash Flow
43.0553.2219.97
Price/Earnings
COIN
SQ
ICE

Financial Strength

Metric
COIN
SQ
ICE
Quick Ratio
0.021.420.06
Current Ratio
1.021.641.01
Interest Coverage
20.014.15
Quick Ratio
COIN
SQ
ICE

Profitability

Metric
COIN
SQ
ICE
Return on Assets (Normalized)
0.73%4.31%2.34%
Return on Equity (Normalized)
21.96%7.82%13.01%
Return on Invested Capital (Normalized)
14.99%5.73%8.16%
Return on Assets
COIN
SQ
ICE
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