为什么Coinbase是一个好生意？

Coinbase（NASDAQ：COIN）被许多人视为Crypto的面孔，是一种数字交易所，帮助世界进入区块链生态系统。

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）是一种数字交易所，可以帮助世界进入区块链生态系统，并被广泛视为加密货币的面孔。

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.

该股票在最近几个月中攀升了，其性能可能会使投资者想知道如何处理这种情况。买硬币为时已晚吗？在我们的完整研究报告中找出答案，它是免费的。

Why Is Coinbase a Good Business?

为什么Coinbase是一个好生意？

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

这是为什么Coinbase在最好的消费互联网公司中脱颖而出的原因。

1. Eye-Popping Growth in Customer Spending

1。客户支出增长

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.

每个用户（ARPU）的平均收入是跟踪的关键指标，因为它可以衡量公司从每个用户收取的费用。 ARPU还为我们提供了对Coinbase平台上的平均交易规模以及公司对每笔交易的“削减”率或“削减”的独特见解。

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.

在过去的两年中，Coinbase的ARPU增长一直很出色，平均为58％。尽管在此期间，该公司的每月交易用户缩水，但该公司成功增加货币化的能力证明了平台对现有用户的价值。

2. Outstanding Long-Term EPS Growth

2。出色的长期EPS增长

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

我们跟踪每股收益（EP）的长期变化，因为它突出了公司的增长是否有利可图。

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.

在过去的五年中，Coinbase的EPs增长了140％的增长率140％，高于其65.2％的年收入增长。这告诉我们，随着它的扩大，该公司以每股的利润变得更加有利可图。

3. Excellent Free Cash Flow Margin Boosts Reinvestment Potential

3。出色的自由现金流边距增强潜能

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一段时间，您会知道我们强调自由现金流。为什么，你问？我们认为，最终，现金是国王，您不能使用会计利润来支付账单。

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表现出了出色的现金盈利能力，这是由其有利可图的商业模式驱动的，该模式使其能够再投资，将资本返回投资者并保持领先地位，同时保持充足的垫子。该公司的自由现金流利润率是消费互联网行业中最好的现金流量之一，在过去的两年中，平均令人眼花ap乱的36％。

Final Judgment

最终判断

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.

这只是Coinbase是目前最好的消费互联网公司之一的几个原因，近几个月来，其股票的股票超过了市场，该股票的交易价格为16.6×Forward Ev-to-ebitda（或每股181.97美元）。现在是购买的好时机吗？在我们的完整研究报告中亲自查看，它是免费的。

Stocks We Like Even More Than Coinbase

股票我们比共同库更喜欢

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.

随着费率下降，通货膨胀稳定以及后视镜中的选举，所有迹象都表明了新的公牛跑步的开始 - 我们以激光专注于为即将到来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.

通过查看本月的前5个增长股票，将自己放在驾驶员的座位上。这是我们高质量股票的精心策划清单，在过去五年中，它产生了175％的市场回报。

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年排名清单的股票现在包括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％的五年回报率+1,096％）等雷达企业。立即免费找到您的下一个大赢家。