Coinbase Global Inc - Ordinary Shares - Class A
COIN
Market Cap$40.14B
Close$
Earnings Call Q5 2023
February 15, 2024 - AI Summary
Coinbase reported strong financial results for the fourth quarter and full year 2023, with $95 million in net income and nearly $1 billion in adjusted EBITDA.
The company focused on cost-cutting measures, reducing expenses by 45% YoY while maintaining product velocity and shipping new features.
Coinbase expanded its offerings in derivatives trading globally, launching Coinbase International Exchange and Coinbase Financial Markets. It also improved institutional trading products with Coinbase Prime.
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$70.80
67.8% downside
Current Fair Value
67.8% downsideOvervalued by 67.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $40.14 Billion |
|---|---|
| Enterprise Value | $37.06 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $5.12 |
| Beta | 0.0 |
| Outstanding Shares | 199,758,519 |
| Avg 30 Day Volume | 8,956,215 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 29.73 |
|---|---|
| PEG | -1.87 |
| Price to Sales | 11.57 |
| Price to Book Ratio | 5.5 |
| Enterprise Value to Revenue | 9.33 |
| Enterprise Value to EBIT | 61.79 |
| Enterprise Value to Net Income | 27 |
| Total Debt to Enterprise | 0.12 |
| Debt to Equity | 0.56 |
Revenue Sources
No data
ESG Score
No data
About Coinbase Global Inc
1,249 employeesCoinbase 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...