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In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating Coinbase Glb (NASDAQ:COIN) against its key competitors in the Capital Markets industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
| Company | P/E | P/B | P/S | ROE | EBITDA (in billions) | Gross Profit (in billions) | Revenue Growth |
|---|---|---|---|---|---|---|---|
| Coinbase Global Inc | 618.51 | 8.94 | 18.73 | 4.48% | $0.18 | $0.83 | 51.61% |
| S&P Global Inc | 46.74 | 3.80 | 10.30 | 2.89% | $1.68 | $2.37 | 10.47% |
| CME Group Inc | 23.63 | 2.75 | 13.26 | 3.13% | $1.24 | $1.28 | 3.38% |
| Intercontinental Exchange Inc | 29.09 | 2.77 | 7.03 | 1.46% | $1.15 | $1.5 | 12.16% |
| Nasdaq Inc | 32.13 | 3.21 | 5.13 | 2.16% | $0.57 | $0.7 | 1.64% |
| Tradeweb Markets Inc | 56.14 | 4.08 | 15.92 | 2.32% | $0.24 | $0.27 | 24.14% |
| FactSet Research Systems Inc | 33.49 | 8.96 | 7.62 | 8.05% | $0.22 | $0.29 | 5.99% |
| Morningstar Inc | 58.67 | 8.99 | 5.96 | 4.74% | $0.15 | $0.32 | 13.15% |
| MarketAxess Holdings Inc | 30.53 | 6.08 | 10.46 | 5.61% | $0.11 | $0.14 | 10.87% |
| Donnelley Financial Solutions Inc | 19.15 | 4.48 | 2.38 | 2.69% | $0.06 | $0.12 | 5.25% |
| Open Lending Corp | 28.83 | 3.01 | 5.37 | -2.3% | $-0.0 | $0.01 | -44.3% |
| Value Line Inc | 19.09 | 3.91 | 9.14 | 6.73% | $0.0 | $0.01 | -8.39% |
| Average | 34.32 | 4.73 | 8.42 | 3.41% | $0.49 | $0.64 | 3.12% |
By carefully studying Coinbase Glb, we can deduce the following trends:
Notably, the current Price to Earnings ratio for this stock, 618.51, is 18.02x above the industry norm, reflecting a higher valuation relative to the industry.
The elevated Price to Book ratio of 8.94 relative to the industry average by 1.89x suggests company might be overvalued based on its book value.
With a relatively high Price to Sales ratio of 18.73, which is 2.22x the industry average, the stock might be considered overvalued based on sales performance.
The company has a higher Return on Equity (ROE) of 4.48%, which is 1.07% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
With lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $180 Million, which is 0.37x below the industry average, the company may face lower profitability or financial challenges.
The gross profit of $830 Million is 1.3x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
The company's revenue growth of 51.61% is notably higher compared to the industry average of 3.12%, showcasing exceptional sales performance and strong demand for its products or services.
The debt-to-equity (D/E) ratio is a financial metric that helps determine the level of financial risk associated with a company's capital structure.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing Coinbase Glb in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
When comparing the debt-to-equity ratio, Coinbase Glb is in a stronger financial position compared to its top 4 peers.
The company has a lower level of debt relative to its equity, indicating a more favorable balance between the two with a lower debt-to-equity ratio of 0.48.
For Coinbase Glb, the PE, PB, and PS ratios are all high compared to industry peers, indicating potentially overvalued stock. On the other hand, the high ROE and gross profit, along with strong revenue growth, suggest a solid financial performance and market position within the Capital Markets industry. However, the low EBITDA may raise concerns about the company's operational efficiency and profitability compared to its competitors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: COIN
