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 50,397 - -
Change - -85.21% 418.03% 49.39% -1.9% -17.35% - -
Enterprise Value (EV) 1 50,999 7,152 39,513 58,152 57,044 44,887 42,893 39,985
Change - -85.98% 452.46% 47.17% -1.91% -21.31% -4.44% -6.78%
P/E ratio 17.4x -3x 470x 26.2x 50.8x 292x 37.5x 29.1x
PBR 8.59x 1.47x 7.04x 6.13x 4.39x 3.79x 3.95x -
PEG - 0x -5x 0x -1x -3.4x 0x 1x
Capitalization / Revenue 6.93x 2.51x 13.4x 9.47x 8.49x 8.14x 6.45x 6.08x
EV / Revenue 6.51x 2.24x 12.7x 8.86x 7.94x 7.25x 5.49x 4.82x
EV / EBITDA 12.5x -19.3x 41x 17.4x 20.3x 22.4x 13.2x 12.9x
EV / EBIT 16.6x -2.64x -244x 25.2x 39.7x 61.9x 22.1x 17x
EV / FCF 11.4x -4.34x 46.6x 22.7x 23.5x 25.5x 13.8x 10.5x
FCF Yield 8.79% -23.1% 2.15% 4.4% 4.25% 3.92% 7.26% 9.51%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 14.5 -11.81 0.37 9.48 4.45 0.6545 5.096 6.58
Distribution rate - - - - - - - -
Net sales 1 7,839 3,194 3,108 6,564 7,181 6,194 7,812 8,291
EBITDA 1 4,090 -371.4 963.7 3,348 2,808 2,004 3,251 3,097
EBIT 1 3,077 -2,710 -161.7 2,307 1,435 725.4 1,943 2,356
Net income 1 3,624 -2,625 94.75 2,579 1,260 185.7 1,564 2,016
Net Debt 1 -3,312 -880.1 -2,096 -4,010 -3,936 -5,510 -7,505 -10,413
Reference price 2 252.37 35.39 173.92 248.30 226.14 191.29 191.29 191.29
Nbr of stocks (in thousands) 215,205 226,966 239,246 250,350 269,658 263,461 - -
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.($)
295.58x7.34x22.68x-.--% 50.97B
-72.74x24.8x58.28x-.--% 17.06B
-1.18x - - - 10.61B
-25.98x15.87x40.51x-.--% 7.29B
-36.05x - - -.--% 5.49B
-4.68x - - - 2.52B
Average 25.83x 16.00x 40.49x 0% 15.66B
Weighted average by Cap. 142.78x 12.12x 32.47x 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.