# CoinShares PLC (CSHR) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $5.80, market value $764 million.

## Valuation
- **P/E (trailing): 3.3×**. CoinShares PLC trades at 3.3× trailing earnings. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 13.2×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 4.7×**. Each dollar of revenue is priced at 4.7×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 5.8×**. Enterprise value is 5.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 15.9%**. Free cash flow equals 15.9% of the market value. Above 5% is generally attractive.
- **Earnings yield: 30.2%**. The inverse of the P/E: 30.2% of the price is earned each year.

## Profitability
- **Gross margin: 75.7%**. CoinShares PLC keeps 75.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 58.1%**. 58.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 70.0%**. 70.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 24.0%**. 24.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 21.3%**. Return on all capital, debt included, is 21.3%: comfortably above what that capital costs.
- **Return on assets: 2.1%**. Each dollar of assets produces 2.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 7.2%** (3-yr 38.0%/yr). Revenue grew 7.2% over the last year.
- **Free-cash-flow growth (3 yr): -30.6%/yr**. Free cash flow has compounded at -30.6% a year over three years.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: $64 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 10.98%** ($0.63 per share, trailing). CoinShares PLC yields 10.98%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 22%** (21% of free cash flow). 22% of earnings goes out as dividends, leaving room to keep raising it.
- **Shareholder yield: 12.4%**. Dividends plus net buybacks return 12.4% of the market value a year.

## Price and momentum
- **From 52-week high: -44.4%** (65.2% above the low). Trading 44% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 2.19** (volatility 99%). Beta of 2.19 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CSHR · Page: https://foliofundamentals.com/stocks/cshr

Not investment advice.