Projected Income Statement: Coinbase Global, Inc.

Forecast Balance Sheet: Coinbase Global, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -3,312 -880 -2,096 -4,010 -3,936 -5,777 -8,053 -11,089
Change - 73.43% -138.18% -91.32% 1.85% -46.75% -39.4% -37.7%
Announcement Date 24/02/22 21/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Coinbase Global, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 24.98 63.97 75.02 - - 80.25 120.4 184.5
Change - 156.06% 17.28% - - - 49.99% 53.28%
Free Cash Flow (FCF) 1 4,483 -1,649 847.9 2,557 2,426 2,023 3,131 3,810
Change - -136.79% 151.41% 201.54% -5.1% -16.61% 54.72% 21.7%
Announcement Date 24/02/22 21/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Coinbase Global, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 52.17% -11.63% 31% 51% 39.11% 28.41% 40.29% 39.08%
EBIT Margin (%) 39.24% -84.85% -5.2% 35.15% 19.99% 7.92% 24.05% 28.48%
EBT Margin (%) 38.61% -95.94% -2.47% 44.83% 21.19% -1.12% 22.44% 29.59%
Net margin (%) 46.23% -82.18% 3.05% 39.29% 17.55% 1.01% 19.46% 22.67%
FCF margin (%) 57.19% -51.64% 27.28% 38.95% 33.79% 31.6% 39.24% 44.4%
FCF / Net Income (%) 123.71% 62.84% 894.89% 99.14% 192.52% 3,129.16% 201.62% 195.81%

Profitability

        
ROA 27.73% -4.73% 0.06% 13.9% 4.83% 1.49% 4.42% 6.35%
ROE 102.43% -44.35% 1.61% 31.3% 10.05% 3.8% 8.88% 10.67%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.32% 2% 2.41% - - 1.25% 1.51% 2.15%
CAPEX / EBITDA (%) 0.61% -17.22% 7.79% - - 4.41% 3.74% 5.5%
CAPEX / FCF (%) 0.56% -3.88% 8.85% - - 3.97% 3.84% 4.84%

Items per share

        
Cash flow per share 1 48.78 -7.131 3.628 - - - - -
Change - -114.62% 150.88% - - - - -
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 29.39 24.05 24.69 40.52 51.51 50.48 48.44 -
Change - -18.18% 2.67% 64.09% 27.12% -1.98% -4.04% -
EPS 1 14.5 -11.81 0.37 9.48 4.45 0.3497 4.785 6.071
Change - -181.45% 103.13% 2,462.16% -53.06% -92.14% 1,268.58% 26.86%
Nbr of stocks (in thousands) 2,15,205 2,26,966 2,39,246 2,50,350 2,69,658 2,63,461 2,63,461 2,63,461
Announcement Date 24/02/22 21/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 575x 42x
PBR 3.98x 4.15x
EV / Sales 7.37x 5.63x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
33
Last Close Price
201.16USD
Average target price
231.29USD
Spread / Average Target
+14.98%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. COIN Stock
  4. Financials Coinbase Global, Inc.