Coinbase Global Inc
NASDAQ:COIN
Intrinsic Value
Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. [ Read More ]
The intrinsic value of one COIN stock under the Base Case scenario is 71.11 USD. Compared to the current market price of 239.62 USD, Coinbase Global Inc is Overvalued by 70%.
Valuation Backtest
Coinbase Global Inc
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Fundamental Analysis
Strengthened Financials and Positive Outlook
2023-Q4 Earnings Call
In a down market, the company exhibited financial discipline and operational excellence, leading to a stronger balance sheet, profitability, and a 78% increase in subscription and services revenue, offsetting a decline in transaction revenue. Total operating expenses were cut by $2.6 billion, contributing to a net income of $95 million and adjusted EBITDA close to $1 billion. Q1 2024 is looking promising with an anticipated subscription and services revenue between $410 million to $480 million.
Balance Sheet Decomposition
Coinbase Global Inc
Current Assets | 203.5B |
Cash & Short-Term Investments | 5.1B |
Receivables | 5B |
Other Current Assets | 193.3B |
Non-Current Assets | 3.5B |
Long-Term Investments | 343m |
PP&E | 205.3m |
Intangibles | 1.2B |
Other Non-Current Assets | 1.7B |
Current Liabilities | 197.7B |
Accounts Payable | 40.4m |
Accrued Liabilities | 324.4m |
Other Current Liabilities | 197.3B |
Non-Current Liabilities | 3B |
Long-Term Debt | 3B |
Other Non-Current Liabilities | 7.2m |
Earnings Waterfall
Coinbase Global Inc
Revenue
|
3.1B
USD
|
Cost of Revenue
|
-420.7m
USD
|
Gross Profit
|
2.7B
USD
|
Operating Expenses
|
-2.8B
USD
|
Operating Income
|
-154.9m
USD
|
Other Expenses
|
249.8m
USD
|
Net Income
|
94.9m
USD
|
Free Cash Flow Analysis
Coinbase Global Inc
What is Free Cash Flow?
COIN Profitability Score
Profitability Due Diligence
Coinbase Global Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Coinbase Global Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
COIN Solvency Score
Solvency Due Diligence
Coinbase Global Inc's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Score
Coinbase Global Inc's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
COIN Price Targets Summary
Coinbase Global Inc
According to Wall Street analysts, the average 1-year price target for COIN is 180.25 USD with a low forecast of 80.8 USD and a high forecast of 276.15 USD.
Ownership
COIN Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
COIN Price
Coinbase Global Inc
Average Annual Return | -43.1% |
Standard Deviation of Annual Returns | 61.55% |
Max Drawdown | -91% |
Market Capitalization | 58B USD |
Shares Outstanding | 242 280 000 |
Percentage of Shares Shorted | 7.35% |
COIN News
Last Important Events
Coinbase Global Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Coinbase Global Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. The company is headquartered in Wilmington, Delaware and currently employs 3,730 full-time employees. The company went IPO on 2021-04-14. The firm offers retail users the primary financial account for the crypto economy, institutions a marketplace with a liquidity for transacting in crypto assets, and ecosystem partners technology and services that enable them to build crypto-based applications and accept crypto assets as payment. The firm is engaged in building technology and financial infrastructure products and services that enable any person or business with an Internet connection to discover, transact, and engage with crypto assets and decentralized applications. The company offers Coinbase Prime, a one-stop shop for institutions to participate in the cryptoeconomy. Its Coinbase Prime combines advanced trading, custody, real-time market data and analytics, and financing products to help customers access and transact in crypto markets.
Contact
IPO
Employees
Officers
The intrinsic value of one COIN stock under the Base Case scenario is 71.11 USD.
Compared to the current market price of 239.62 USD, Coinbase Global Inc is Overvalued by 70%.