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 54,323 - -
Change - -85.21% 418.03% 49.39% -1.9% -10.92% - -
Enterprise Value (EV) 1 50,999 7,152 39,513 58,152 57,044 48,908 45,658 42,312
Change - -85.98% 452.46% 47.17% -1.91% -14.26% -6.64% -7.33%
P/E ratio 17.4x -3x 470x 26.2x 50.8x 53.4x 33.4x 26.5x
PBR 8.59x 1.47x 7.04x 6.13x 4.39x 3.71x 3.55x -
PEG - 0x -5x 0x -1x -4x 0.6x 1x
Capitalization / Revenue 6.93x 2.51x 13.4x 9.47x 8.49x 7.47x 6.35x 6.21x
EV / Revenue 6.51x 2.24x 12.7x 8.86x 7.94x 6.72x 5.33x 4.84x
EV / EBITDA 12.5x -19.3x 41x 17.4x 20.3x 19.1x 13.2x 11x
EV / EBIT 16.6x -2.64x -244x 25.2x 39.7x 31.8x 20.6x 16.1x
EV / FCF 11.4x -4.34x 46.6x 22.7x 23.5x 31x 14.9x 13.8x
FCF Yield 8.79% -23.1% 2.15% 4.4% 4.25% 3.22% 6.72% 7.25%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 14.5 -11.81 0.37 9.48 4.45 3.851 6.158 7.758
Distribution rate - - - - - - - -
Net sales 1 7,839 3,194 3,108 6,564 7,181 7,273 8,558 8,746
EBITDA 1 4,090 -371.4 963.7 3,348 2,808 2,555 3,449 3,832
EBIT 1 3,077 -2,710 -161.7 2,307 1,435 1,540 2,216 2,627
Net income 1 3,624 -2,625 94.75 2,579 1,260 1,075 2,012 2,076
Net Debt 1 -3,312 -880.1 -2,096 -4,010 -3,936 -5,415 -8,665 -12,011
Reference price 2 252.37 35.39 173.92 248.30 226.14 205.71 205.71 205.71
Nbr of stocks (in thousands) 215,205 226,966 239,246 250,350 269,658 264,075 - -
Announcement Date 24/02/22 21/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.41x6.72x19.14x-.--% 54.32B
104.81x15.73x33.3x-.--% 13.33B
-1.29x - - - 9.26B
-9.05x - - - 5.28B
132.68x9.99x24x-.--% 5.05B
-4.23x - - - 2.75B
-8.82x19.71x-17.72x - 2.22B
Average 38.22x 13.04x 14.68x 0% 13.17B
Weighted average by Cap. 52.90x 8.93x 20.89x 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.