Opinion | Coinbase Disrespects Delaware on Its Way Out
The First State is still the preferred home for corporations.
Fiscal Year: January - December
Coinbase Global, Inc. (COIN), listed on the NASDAQ, has a market capitalization of $. As of Nov 19, 2025, the stock is trading at $261.79 per share, offering investors a clear view of its current market value. Coinbase Global, Inc. is a prominent player in the industry sector, attracting both institutional and retail investors due to its performance and potential.
With a P/E ratio of 22.8, investors can assess the stock's valuation in comparison to its earnings. A P/E ratio is a crucial indicator for value investors, showing whether the stock is over or undervalued relative to its current earnings. Coinbase Global, Inc. also offers a dividend yield of N/A , making it an attractive option for income-focused investors who seek regular dividends.
Our Discounted Cash Flow (DCF) analysis reveals that Coinbase Global, Inc. (COIN) may be overvalued compared to its intrinsic worth. However, to see the exact DCF fair value, please Login or Upgrade for access.
The proprietary SS Score for Coinbase Global, Inc. is a unique metric that analyzes the company's financial health and growth potential. The score takes into account critical factors such as revenue growth, net income, free cash flow (FCF) compound annual growth rate (CAGR), the trend of shares outstanding, and the debt-to-FCF ratio. This helps investors to make a more informed decision, as an undervalued stock might still have poor financial fundamentals.
To view the detailed SS Score for Coinbase Global, Inc., Login or Upgrade for access.
The Price to Free Cash Flow (P/FCF) ratio for Coinbase Global, Inc. is 221.04, offering insights into how much investors are paying for the company's free cash flow. A lower P/FCF ratio typically suggests that the stock is undervalued, while a higher ratio may indicate overvaluation.
In summary, Coinbase Global, Inc. (COIN) has shown consistent financial performance, as illustrated by the financial charts above, which track its revenue growth, net income, free cash flow, and shares outstanding over the past several years. These metrics provide investors with key insights into the company's past and projected future performance. Investors should use the SS Score alongside the DCF Fair Value to make better-informed decisions about whether to buy or hold the stock.
*This analysis is for informational purposes only and does not constitute investment advice. Always read the company's 10-K filings and do your own research before making any investment decisions.
Whether Coinbase Global, Inc. (COIN) is a good stock to buy depends on various factors, including its financial health, market conditions, and your investment strategy. Our analysis indicates that the stock may be overvalued compared to its intrinsic value. However, it is important to assess the SS Score and review the company's fundamentals before making any investment decisions.
The fair value of Coinbase Global, Inc. (COIN) is determined through our Discounted Cash Flow (DCF) analysis. This value represents the intrinsic worth of the stock based on its expected future cash flows. To view the specific fair value, consider subscribing to our service for complete access.
The SS Score is a proprietary financial quality metric that assesses factors such as revenue growth, net income, free cash flow growth, and debt levels. It helps investors evaluate the overall financial health of Coinbase Global, Inc.. To access the full SS Score, consider upgrading your subscription.
Coinbase Global, Inc. is a significant player in the industry sector, with a market capitalization of $ and a competitive P/E ratio of 22.8. Investors should compare these metrics with industry peers to gauge whether Coinbase Global, Inc. is outperforming or underperforming within its sector.
The First State is still the preferred home for corporations.
Bitcoin's recent moves indicate a near-term target of $85,000.
Top crypto stocks will be under pressure on Monday as Bitcoin and most altcoins continue their downtrend. The Bitcoin price has crashed to $95,000, down by about 25% from its highest point this year.
On the heels of Coinbase's (COIN) decision to reincorporate to Texas, George Tsilis examines the crypto-company's business model and latest earnings report. He walks through the competitive landscape ...
Coinbase this week became the latest high-profile company to announce plans to leave Delaware and incorporate elsewhere. While Elon Musk and a select few others have been vocal about exiting Delaware,...
Coinbase says it is leaving Delaware and will reincorporate in Texas. Texas has become "an increasingly attractive hub" for companies like Coinbase, the company says.
CNBC's Andrew Ross Sorkin reports on the latest news.
Cryptocurrency exchange Coinbase is reincorporating in the new business hub of Texas, and is set to leave Delaware, the company said in a filing on Wednesday.
Coinbase Chief Legal Officer Paul Grewal wrote in a Wall Street Journal op-ed that the crypto platform is moving its state of incorporation to Texas from Delaware. Elon Musk has led the campaign to ex...
We're reincorporating in a state whose legal climate is far friendlier to business.
At the beginning of the month, PYMNTS reported that crypto giant Coinbase was in late-stage acquisition negotiations with U.K. stablecoin infrastructure startup BVNK. Reportedly, there was even an exc...
Coinbase will host the first digital token sale in the United States in seven years. The company plans to introduce a platform where investors can buy digital tokens before they appear on its exchange...
Bill Baruch, Founder and president at Blue Line Capital, joins CNBC's “Halftime Report” to explain why he's buying more Coinbase.
Coinbase Global has unveiled a new regulated platform that allows retail investors to purchase crypto tokens before they are officially listed on exchanges. The launch marks the company's most ambitio...
Coinbase Global said it will launch a new platform that will allow individual investors buy digital tokens before they are listed on the cryptocurrency exchange, sending its shares up 4% in morning tr...
Over the past week, Coinbase Global (COIN) stock has declined by 10%, and it is presently priced at $309.14.
Blockchain startup Monad will be the first project to sell its token on the new platform.
Ireland's central bank imposed a fine of 21.5 million euros ($24.7 million) Thursday on crypto giant Coinbase over transaction monitoring failures, including some potentially linked to criminal activi...
Ireland's central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist trans...
Coinbase joins pilot program to streamline Digital Asset workflows secured by Eightco's INFINITY Authentication platform INFINITY by Eightco is the secure, global authentication and trust layer that e...
Coinbase is reportedly closer to acquiring stablecoin infrastructure startup BVNK. The cryptocurrency exchange is in late-stage discussions on the approximately $2 billion purchase, Bloomberg news rep...
Coinbase CFO Alesia Haas spoke with Yahoo Finance executive editor Brian Sozzi to discuss the crypto platform's growth, new USDC offerings, the company's vision as an "everything exchange," and the ne...
Below estimates were sourced from SimplyWallSt and are intended for educational purposes only as a baseline for the analysis.
| Year | FCF Estimate | % | # Analysts |
|---|---|---|---|
| 2025 | 2.82B | 10.31% | Est @10.3% |
| 2026 | 3.08B | 9.35% | Analyst x4 |
| 2027 | 3.19B | 3.29% | Analyst x3 |
| 2028 | 2.35B | -26.22% | Analyst x1 |
| 2029 | 2.31B | -1.74% | Analyst x1 |
| 2030 | 2.31B | -0.12% | Est @-0.1% |
| 2031 | 2.32B | 0.65% | Est @0.7% |
| 2032 | 2.35B | 1.19% | Est @1.2% |
| 2033 | 2.39B | 1.57% | Est @1.6% |
| 2034 | 2.43B | 1.71% | Est @1.7% |
Below are the FCF estimates with the discount factor and the calculated present value with the terminal value that led the results above.
| Year | FCF | Discount Factor | PV of Future FCF |
|---|---|---|---|
| 2023A | 922.95M | 1.00 | 922.95M |
| 2024A | 2.56B | 1.00 | 2.56B |
| 2025E | 2.82B | 1.14 | 2.48B |
| 2026E | 3.08B | 1.30 | 2.38B |
| 2027E | 3.19B | 1.48 | 2.16B |
| 2028E | 2.35B | 1.68 | 1.40B |
| 2029E | 2.31B | 1.91 | 1.21B |
| 2030E | 2.31B | 2.18 | 1.06B |
| 2031E | 2.32B | 2.48 | 937.06M |
| 2032E | 2.35B | 2.82 | 832.98M |
| 2033E | 2.39B | 3.21 | 743.21M |
| 2034E | 2.43B | 3.65 | 664.03M |
| Terminal | 21.94B | 3.65 | 6.00B |
The information given by Studying Stocks and provided in the web and/or mobile applications (Platforms) is only factual information and should not be considered financial advice.
Any information contained in this website has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
When creating an account, you acknowledge that you are:
We retain the right to cancel your account for any reason, or refuse your account creation request.
The information on our Platforms is not comprehensive and is intended to provide a summary of the subject matter covered. While we use all reasonable attempts to ensure the accuracy and completeness of the data and information on our Platforms, to the extent permitted by law, we make no warranty regarding the information on these Platforms. You should monitor any changes to the information contained on these Platforms.
Furthermore we make no commitments in regards to the minimum amount of uptime that our platforms will maintain, although we will make ever reasonable attempt to ensure that the platforms are operational. Therefore, any reference of "latest", "current" and related words about the financial data presented here may not be up to date with the financial markets or represent reality of the information.
We are not liable to you or anyone else if interference with or damage to your computer systems occurs in connection with the use of these Platforms or a linked website. You must take your own precautions to ensure that whatever you select for your use from our Platforms is free of viruses or anything else (such as worms or Trojan horses) that may interfere with or damage the operations of your computer systems.
We may, from time to time and without notice, change or add to the Platforms (including the Terms) or the information, products or services described in it. However, we do not undertake to keep the Platforms updated. We are not liable to you or anyone else if errors occur in the information or the Platforms is not up-to-date.
Our Platforms may contain links to websites operated by third parties. Those links are provided for convenience and may not remain current or be maintained. Unless expressly stated otherwise, we do not endorse and are not responsible for the content on those linked websites and have no control over or rights in those linked websites.
These Platforms are for your personal, non-commercial use only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, commercially exploit, create derivative works from, transfer, or sell any Content, software, products or services contained within these Platforms. You may not use these Platforms, or any of its Content, to further any commercial purpose, including any advertising or advertising revenue generation activity on your own website.
You must not do any act that we would deem to be inappropriate, is unlawful or is prohibited by any laws applicable to these Platforms, including but not limited to:
If we allow you to post any information to our Platforms, we have the right to take down this information at our sole discretion and without notice.
To the maximum extent permitted by law, we make no warranties or representations about these Platforms or the Content, including but not limited to warranties or representations that they will be complete, accurate or up-to-date, that access will be uninterrupted or error-free or free from viruses, or that these Platforms will be secure.
We reserve the right to restrict, suspend or terminate without notice your access to these Platforms, any Content, or any feature of these Platforms at any time without notice and we will not be responsible for any loss, cost, damage or liability that may arise as a result.
To the maximum extent permitted by law, in no event shall we be liable for any direct and indirect loss, damage or expense – irrespective of the manner in which it occurs – which may be suffered due to your use of our Platforms and/or the information or materials contained on it, or as a result of the inaccessibility of these Platforms and/or the fact that certain information or materials contained on it are incorrect, incomplete or not up-to-date.
This website utilises cookies. If you do not have cookies enabled in your web browser some functions of the site may not work as intended.