Coinbase Global Inc
NASDAQ:COIN
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Coinbase Global Inc
NASDAQ:COIN
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Intrinsic Value
The intrinsic value of Coinbase Global Inc (COIN) under the Base Case is 133.28 USD per share.
Compared with the current market price of 163.78 USD, the stock appears
Overvalued by 19% .
The intrinsic value is calculated using the DCF method. The model assumes Coinbase's revenue grows about 2% a year over the next five years versus 41% over the last five, starting with a decline. Operating margin initially falls before recovering to 26% by 2036, above last year's 20%.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Coinbase Global Does
Coinbase Global runs a large cryptocurrency trading platform. It lets individual investors buy, sell, store, and move digital assets such as bitcoin and ether, and it also offers tools for institutions that need secure custody, trading, and settlement services for crypto holdings.
- Headquarters
- United States of America US
- Employees
- 4 951
- IPO date
- Apr 15, 2021
Coinbase Global has no economic moat
Customers can move their crypto and trading activity to competing exchanges or decentralized platforms without giving up a unique service. Because rivals offer similar ways to buy, sell, and hold digital assets, Coinbase has no clear advantage that prevents them from competing for its customers or profits.
Read the full moat analysis
Earnings Waterfall
Coinbase Global Inc
The intrinsic value for Coinbase Global Inc (COIN) under the Base Case is 133.28 USD.
Compared with the current market price of 163.78 USD, the stock appears Overvalued by 19% .