為什麼Coinbase是一個好生意？

Coinbase（NASDAQ：COIN）被許多人視為Crypto的面孔，是一種數字交易所，幫助世界進入區塊鏈生態系統。

Coinbase (NASDAQ:COIN) is a digital exchange helping the world onboard into the blockchain ecosystem and is widely viewed as the face of crypto.

Coinbase（NASDAQ：COIN）是一種數字交易所，可以幫助世界進入區塊鏈生態系統，並被廣泛視為加密貨幣的面孔。

The stock has climbed during recent months, and it’s performance may have investors wondering how to approach the situation. Is it too late to buy COIN? Find out in our full research report, it’s free.

該股票在最近幾個月中攀升了，其性能可能會使投資者想知道如何處理這種情況。買硬幣為時已晚嗎？在我們的完整研究報告中找出答案，它是免費的。

Why Is Coinbase a Good Business?

為什麼Coinbase是一個好生意？

Here's a glimpse into why Coinbase stands out among the best consumer internet companies.

這是為什麼Coinbase在最好的消費互聯網公司中脫穎而出的原因。

1. Eye-Popping Growth in Customer Spending

1。客戶支出增長

Average revenue per user (ARPU) is a critical metric to track because it measures how much the company earns in fees from each user. ARPU also gives us unique insights into the average transaction size on Coinbase’s platform and the company’s take rate, or “cut”, on each transaction.

每個用戶（ARPU）的平均收入是跟踪的關鍵指標，因為它可以衡量公司從每個用戶收取的費用。 ARPU還為我們提供了對Coinbase平台上的平均交易規模以及公司對每筆交易的“削減”率或“削減”的獨特見解。

Coinbase’s ARPU growth has been exceptional over the last two years, averaging 58%. Although its monthly transacting users shrank during this time, the company’s ability to successfully increase monetization demonstrates its platform’s value for existing users.

在過去的兩年中，Coinbase的ARPU增長一直很出色，平均為58％。儘管在此期間，該公司的每月交易用戶縮水，但該公司成功增加貨幣化的能力證明了平台對現有用戶的價值。

2. Outstanding Long-Term EPS Growth

2。出色的長期EPS增長

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

我們跟踪每股收益（EP）的長期變化，因為它突出了公司的增長是否有利可圖。

Coinbase’s EPS grew at an astounding 140% compounded annual growth rate over the last five years, higher than its 65.2% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.

在過去的五年中，Coinbase的EPs增長了140％的增長率140％，高於其65.2％的年收入增長。這告訴我們，隨著它的擴大，該公司以每股的利潤變得更加有利可圖。

3. Excellent Free Cash Flow Margin Boosts Reinvestment Potential

3。出色的自由現金流邊距增強潛能

If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills.

如果您遵循StockStory一段時間，您會知道我們強調自由現金流。為什麼，你問？我們認為，最終，現金是國王，您不能使用會計利潤來支付賬單。

Coinbase has shown terrific cash profitability, driven by its lucrative business model that enables it to reinvest, return capital to investors, and stay ahead of the competitive landscape while maintaining an ample cushion. The company’s free cash flow margin was among the best in the consumer internet sector, averaging an eye-popping 36% over the last two years.

Coinbase表現出了出色的現金盈利能力，這是由其有利可圖的商業模式驅動的，該模式使其能夠再投資，將資本返回投資者並保持領先地位，同時保持充足的墊子。該公司的自由現金流利潤率是消費互聯網行業中最好的現金流量之一，在過去的兩年中，平均令人眼花ap亂的36％。

Final Judgment

最終判斷

These are just a few reasons why Coinbase is one of the best consumer internet companies out there, and with its shares topping the market in recent months, the stock trades at 16.6× forward EV-to-EBITDA (or $181.97 per share). Is now a good time to buy? See for yourself in our full research report, it’s free.

這只是Coinbase是目前最好的消費互聯網公司之一的幾個原因，近幾個月來，其股票的股票超過了市場，該股票的交易價格為16.6×Forward Ev-to-ebitda（或每股181.97美元）。現在是購買的好時機嗎？在我們的完整研究報告中親自查看，它是免費的。

Stocks We Like Even More Than Coinbase

股票我們比共同庫更喜歡

With rates dropping, inflation stabilizing, and the elections in the rearview mirror, all signs point to the start of a new bull run - and we’re laser-focused on finding the best stocks for this upcoming cycle.

隨著費率下降，通貨膨脹穩定以及後視鏡中的選舉，所有跡像都表明了新的公牛跑步的開始 - 我們以激光專注於為即將到來的周期找到最佳股票。

Put yourself in the driver’s seat by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years.

通過查看本月的前5個增長股票，將自己放在駕駛員的座位上。這是我們高質量股票的精心策劃清單，在過去五年中，它產生了175％的市場回報。

Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free.

在2019年排名清單的股票現在包括NVIDIA等熟悉的名字（2019年12月至2024年12月的+2,183％）以及Sterling Infrastructure（+1,096％的五年回報率+1,096％）等雷達企業。立即免費找到您的下一個大贏家。