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Coinbase Global (COIN) Stock Analysis

This is a peer-relative look at Coinbase Global (COIN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Coinbase Global (COIN)
Profile ItemCOIN
NameCoinbase Global Inc. Class A Common Stock
Country/RegionUnited States
GICS SectorFinancials
GICS Industry GroupFinancial Services
GICS IndustryCapital Markets
GICS Sub-IndustryFinancial Exchanges & Data
Market Capitalization35.68 billion USD
CurrencyUSD
ExchangeNasdaq
Listing DateApril 14, 2021
Security TypeCommon Stock

Price Performance

Cumulative Growth

COIN
GSPC
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Coinbase Global (COIN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Coinbase Global (COIN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coinbase Global (COIN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
Total Return (1Y)-55.52%1.90%
Total Return (3Y, Annualized)13.98%12.71%
Total Return (5Y, Annualized)-17.39%2.81%

Risk Profile

Drawdown History

COIN
GSPC
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Coinbase Global (COIN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Coinbase Global (COIN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
Volatility (1Y, Annualized)72.40%36.24%
Beta (5Y)3.331.04
Max Drawdown (5Y)-90.90%-48.56%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. COIN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
Sharpe Ratio (1Y)-0.83-0.09
Sortino Ratio (1Y)-1.21-0.13

Profitability

ROE (TTM)

Coinbase Global (COIN) has negative ROE of -4.68%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.

COIN

Financial Services industry group

-4.68%

Group distribution
Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
COIN
-4.68%
Min
-18.71%
Largest peers
MA
231.37%
V
63.51%
MS
18.04%
GS
17.71%
BRK.A
12.12%
BRK.B
12.12%
COIN
-4.68%
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Where Coinbase Global (COIN) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Coinbase Global (COIN) has negative net margin of -12.89%. The trailing period ended in a net loss, so the bottom-line conversion read is a warning rather than a profitability strength.

COIN

Financial Services industry group

-12.89%

Group distribution
Max
62.84%
Q3
28.05%
Median
15.36%
Q1
4.82%
COIN
-12.89%
Min
-28.52%
Largest peers
V
51.20%
MA
46.73%
GS
31.21%
MS
25.63%
BRK.A
22.30%
BRK.B
22.30%
COIN
-12.89%
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Where Coinbase Global (COIN) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Coinbase Global (COIN) has negative operating margin of -1.42%. Core operations were loss-making before interest and taxes over the trailing period.

COIN

Financial Services industry group

-1.42%

Group distribution
Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
COIN
-1.42%
Min
-44.34%
Largest peers
V
63.73%
MA
60.53%
MS
39.00%
GS
38.37%
BRK.A
32.56%
BRK.B
32.56%
COIN
-1.42%
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Where Coinbase Global (COIN) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
ROE (TTM)-4.68%12.91%
ROA (TTM)0.01%3.60%
Net Margin (TTM)-12.89%15.36%
Operating Margin (TTM)-1.42%30.09%
Gross Margin (TTM)----

Growth

Revenue Growth

Coinbase Global (COIN) grew revenue 9.40%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Coinbase Global (COIN): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Coinbase Global (COIN) grew earnings per share -53.06%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

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Coinbase Global (COIN): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
Revenue Growth (YoY)9.40%9.46%
Revenue Growth (3Y CAGR)31.00%10.90%
EPS Growth (YoY)-53.06%7.46%
EPS Growth (3Y CAGR)--13.04%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Coinbase Global (COIN) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Coinbase Global (COIN) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Coinbase Global (COIN) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

COIN

Financial Services industry group

0.00%

Group distribution
Max
9.77%
Q3
3.92%
Median
1.09%
COIN
0.00%
Q1
0.00%
Min
0.00%
Largest peers
MS
2.40%
GS
2.07%
V
0.66%
MA
0.53%
COIN
0.00%
BRK.A
0.00%
BRK.B
0.00%
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Where Coinbase Global (COIN) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Coinbase Global (COIN) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

COIN

Financial Services industry group

0.00%

Group distribution
Max
241.07%
Q3
97.36%
Median
25.77%
COIN
0.00%
Q1
0.00%
Min
0.00%
Largest peers
MS
32.91%
GS
25.88%
V
21.75%
MA
17.63%
COIN
0.00%
BRK.A
0.00%
BRK.B
0.00%
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Where Coinbase Global (COIN) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
Dividend Yield (TTM)0.00%1.09%
Dividend Payout Ratio (TTM)0.00%25.77%

Valuation

P/E Ratio (TTM)

No usable P/E ratio is available for Coinbase Global (COIN) this period, so the trailing-earnings valuation read is skipped.

COIN

Financial Services industry group

--

Group distribution
Max
45.85
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
COIN
--
Largest peers
V
34.31
MA
34.15
MS
14.39
BRK.A
14.36
BRK.B
14.36
GS
12.45
COIN
--
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Coinbase Global (COIN) doesn’t report P/E ratio this period; the box shows the Financial Services group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Coinbase Global (COIN) trades at 6.56 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

COIN

Financial Services industry group

6.56

Group distribution
Max
9.23
COIN
6.56
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
Largest peers
V
17.18
MA
15.67
COIN
6.56
MS
3.55
GS
3.52
BRK.A
3.18
BRK.B
3.18
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Where Coinbase Global (COIN) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Coinbase Global (COIN) trades at 2.56 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

COIN

Financial Services industry group

2.56

Group distribution
Max
7.79
Q3
3.63
COIN
2.56
Median
1.57
Q1
0.81
Min
-0.39
Largest peers
MA
84.30
V
22.05
MS
2.65
COIN
2.56
GS
2.36
BRK.A
1.72
BRK.B
0.00
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Where Coinbase Global (COIN) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Coinbase Global (COIN) metric values compared with Financial Services industry-group medians
MetricCurrent stock: COINIndustry group median
P/E Ratio (TTM)--15.37
P/S Ratio (TTM)6.562.72
P/B Ratio (MRQ)2.561.57
Free Cash Flow Yield (TTM)----