WallStSmart

Cboe Global Markets Inc (CBOE)vsCoinbase Global Inc (COIN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Coinbase Global Inc generates 46% more annual revenue ($6.88B vs $4.71B). CBOE leads profitability with a 23.3% profit margin vs 18.3%. COIN appears more attractively valued with a PEG of 0.75. CBOE earns a higher WallStSmart Score of 67/100 (B-).

CBOE

Strong Buy

67

out of 100

Grade: B-

Growth: 7.3Profit: 8.5Value: 7.3Quality: 7.5
Piotroski: 4/9Altman Z: 2.58

COIN

Buy

60

out of 100

Grade: C

Growth: 5.3Profit: 6.5Value: 9.3Quality: 7.0
Piotroski: 2/9Altman Z: 1.78
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CBOEUndervalued (+44.9%)

Margin of Safety

+44.9%

Fair Value

$487.19

Current Price

$277.04

$210.15 discount

UndervaluedFair: $487.19Overvalued
COINUndervalued (+26.4%)

Margin of Safety

+26.4%

Fair Value

$208.26

Current Price

$181.10

$27.16 discount

UndervaluedFair: $208.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBOE4 strengths · Avg: 9.5/10
Operating MarginProfitability
36.2%10/10

Strong operational efficiency at 36.2%

EPS GrowthGrowth
60.5%10/10

Earnings expanding 60.5% YoY

Return on EquityProfitability
23.4%9/10

Every $100 of equity generates 23 in profit

Profit MarginProfitability
23.3%9/10

Keeps 23 of every $100 in revenue as profit

COIN2 strengths · Avg: 8.0/10
PEG RatioValuation
0.758/10

Growing faster than its price suggests

Free Cash FlowQuality
$3.07B8/10

Generating 3.1B in free cash flow

Areas to Watch

CBOE2 concerns · Avg: 3.0/10
P/E RatioValuation
27.2x4/10

Moderate valuation

PEG RatioValuation
3.582/10

Expensive relative to growth rate

COIN4 concerns · Avg: 3.3/10
EPS GrowthGrowth
4.3%4/10

4.3% earnings growth

Altman Z-ScoreHealth
1.784/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
40.7x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CBOE

The strongest argument for CBOE centers on Operating Margin, EPS Growth, Return on Equity. Profitability is solid with margins at 23.3% and operating margin at 36.2%.

Bull Case : COIN

The strongest argument for COIN centers on PEG Ratio, Free Cash Flow. Profitability is solid with margins at 18.3% and operating margin at 11.3%. PEG of 0.75 suggests the stock is reasonably priced for its growth.

Bear Case : CBOE

The primary concerns for CBOE are P/E Ratio, PEG Ratio.

Bear Case : COIN

The primary concerns for COIN are EPS Growth, Altman Z-Score, Piotroski F-Score. A P/E of 40.7x leaves little room for execution misses.

Key Dynamics to Monitor

CBOE profiles as a mature stock while COIN is a declining play — different risk/reward profiles.

COIN carries more volatility with a beta of 3.71 — expect wider price swings.

CBOE is growing revenue faster at 8.7% — sustainability is the question.

COIN generates stronger free cash flow (3.1B), providing more financial flexibility.

Bottom Line

CBOE scores higher overall (67/100 vs 60/100), backed by strong 23.3% margins. COIN offers better value entry with a 26.4% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Cboe Global Markets Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Cboe Global Markets is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.

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Coinbase Global Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.

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