Company Valuation: Coinbase Global, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 54,311 8,032 41,610 62,162 60,980 40,151 - -
Change - -85.21% 418.03% 49.39% -1.9% -34.16% - -
Enterprise Value (EV) 1 50,999 7,152 39,513 58,152 57,044 34,674 32,814 29,977
Change - -85.98% 452.46% 47.17% -1.91% -39.22% -5.36% -8.65%
P/E ratio 17.4x -3x 470x 26.2x 50.8x 359x 30.5x 23.4x
PBR 8.59x 1.47x 7.04x 6.13x 4.39x 3.02x 3.15x -
PEG - 0x -5x 0x -1x -4x 0x 0.8x
Capitalization / Revenue 6.93x 2.51x 13.4x 9.47x 8.49x 6.52x 5.17x 4.83x
EV / Revenue 6.51x 2.24x 12.7x 8.86x 7.94x 5.63x 4.23x 3.6x
EV / EBITDA 12.5x -19.3x 41x 17.4x 20.3x 17.5x 10.2x 9.25x
EV / EBIT 16.6x -2.64x -244x 25.2x 39.7x 50.1x 17.3x 12.6x
EV / FCF 11.4x -4.34x 46.6x 22.7x 23.5x 19.7x 10.5x 7.88x
FCF Yield 8.79% -23.1% 2.15% 4.4% 4.25% 5.07% 9.5% 12.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 14.5 -11.81 0.37 9.48 4.45 0.4247 5 6.513
Distribution rate - - - - - - - -
Net sales 1 7,839 3,194 3,108 6,564 7,181 6,154 7,762 8,320
EBITDA 1 4,090 -371.4 963.7 3,348 2,808 1,977 3,224 3,241
EBIT 1 3,077 -2,710 -161.7 2,307 1,435 692.5 1,896 2,371
Net income 1 3,624 -2,625 94.75 2,579 1,260 143.5 1,530 1,993
Net Debt 1 -3,312 -880.1 -2,096 -4,010 -3,936 -5,477 -7,337 -10,175
Reference price 2 252.37 35.39 173.92 248.30 226.14 152.40 152.40 152.40
Nbr of stocks (in thousands) 215,205 226,966 239,246 250,350 269,658 263,461 - -
Announcement Date 24/2/22 21/2/23 15/2/24 13/2/25 12/2/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
358.82x5.63x17.54x-.--% 40.15B
-80.63x28.3x69.66x-.--% 19.42B
-1.01x - - - 9.06B
-27.22x17.34x43.66x-.--% 8.22B
-11.65x - - - 4.25B
-26.83x - - -.--% 4.09B
-3.51x - - - 1.88B
Average 29.71x 17.09x 43.62x 0% 12.44B
Weighted average by Cap. 142.91x 13.55x 35.64x 0%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Coinbase Global, Inc.