Coinbase Global Inc - Ordinary Shares - Class A

Coinbase Global Inc - Ordinary Shares - Class A

COIN

Market Cap$68.62B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Coinbase Global Inc - Ordinary Shares - Class ACoinbase Global Inc - Ordinary Shares - Class A26.8-15%13.2-

Earnings Call Q4 2024

February 13, 2025 - AI Summary

Strong Financial Performance: Coinbase Global, Inc. reported total revenue of $6.6 billion in 2024, more than doubling from the previous year, with adjusted EBITDA of $3.3 billion. This marks two consecutive years of positive adjusted EBITDA, highlighting the company's ongoing financial stability and ability to manage costs while scaling.
Growth in Subscription Services: Subscription services revenue reached $2.3 billion, a remarkable 64% year-over-year increase, driven primarily by USDC, staking, and the Coinbase One product. This growth indicates strong demand for recurring revenue streams outside of trading, suggesting diversification is paying off.
Regulatory Environment as Catalyst: The evolving regulatory landscape in the U.S. is seen positively, with the new administration and pro-crypto congress serving as a backdrop for potential future growth. Brian Armstrong indicated that clarity on token classification and stablecoin legislation could significantly expand Coinbase's addressable market.

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$253.75

Target Price by Analysts

4.1% downsideCoinbase Global Target Price DetailsTarget Price
$185.84

Current Fair Value

29.8% downside

Overvalued by 29.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$68.62 Billion
Enterprise Value$60.52 Billion
Dividend Yield$0 (0%)
Earnings per Share$10.43
Beta3.34
Outstanding Shares251,506,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio26.75
PEG-0.78
Price to Sales13.23
Price to Book Ratio6.62
Enterprise Value to Revenue11.54
Enterprise Value to EBIT60.75
Enterprise Value to Net Income38
Total Debt to Enterprise0.01
Debt to Equity0.05

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Coinbase Global Inc

1,249 employees

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and secure...