Benzinga - by Benzinga Insights, Benzinga Staff Writer.
In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Coinbase Glb (NASDAQ:COIN) and its primary competitors in the Capital Markets industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights for investors and shed light on company's performance within the industry.
Coinbase Glb Background 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.
| Coinbase Global Inc | 44.07 | 6.85 | 14.93 | 16.39% | $1.49 | $1.25 | 111.98% |
| S&P Global Inc | 49.07 | 3.99 | 10.81 | 2.89% | $1.68 | $2.37 | 10.47% |
| Intercontinental Exchange Inc | 31.48 | 2.99 | 7.61 | 2.95% | $1.59 | $1.62 | 13.31% |
| CME Group Inc | 24.06 | 2.80 | 13.51 | 3.13% | $1.24 | $1.28 | 3.21% |
| Nasdaq Inc | 33.40 | 3.33 | 5.33 | 2.16% | $0.57 | $0.7 | 9.2% |
| Tradeweb Markets Inc | 58.95 | 4.29 | 16.71 | 2.32% | $0.24 | $0.27 | 24.14% |
| FactSet Research Systems Inc | 35.80 | 9.57 | 8.14 | 8.05% | $0.22 | $0.29 | 5.99% |
| Morningstar Inc | 59.90 | 9.18 | 6.08 | 4.74% | $0.15 | $0.32 | 13.15% |
| MarketAxess Holdings Inc | 31.68 | 6.20 | 10.70 | 5.56% | $0.12 | $0.15 | 3.52% |
| Donnelley Financial Solutions Inc | 19.67 | 4.60 | 2.45 | 8.21% | $0.06 | $0.12 | 2.42% |
| Open Lending Corp | 53.67 | 3.63 | 7.06 | 2.44% | $0.01 | $0.02 | -19.85% |
| Value Line Inc | 20.42 | 4.18 | 9.78 | 6.73% | $0.0 | $0.01 | -8.39% |
| Average | 38.01 | 4.98 | 8.93 | 4.47% | $0.53 | $0.65 | 5.2% |
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.dividend-frequency { font-size: 12px; color: #6c757d; } When conducting a detailed analysis of Coinbase Glb, the following trends become clear:
- The Price to Earnings ratio of 44.07 for this company is 1.16x above the industry average, indicating a premium valuation associated with the stock.
- It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 6.85 which exceeds the industry average by 1.38x.
- With a relatively high Price to Sales ratio of 14.93, which is 1.67x the industry average, the stock might be considered overvalued based on sales performance.
- The company has a higher Return on Equity (ROE) of 16.39%, which is 11.92% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
- The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $1.49 Billion is 2.81x above the industry average, highlighting stronger profitability and robust cash flow generation.
- The gross profit of $1.25 Billion is 1.92x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
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The company's revenue growth of 111.98% exceeds the industry average of 5.2%, indicating strong sales performance and market outperformance.
The debt-to-equity (D/E) ratio assesses the extent to which a company relies on borrowed funds compared to its equity.
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.
In terms of the Debt-to-Equity ratio, Coinbase Glb can be assessed by comparing it to its top 4 peers, resulting in the following observations:
- Coinbase Glb exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of 0.52.
- This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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