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CoinShares
(NASDAQ:CSHR)
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Rating:54Neutral
Price Target:
$5.00
▲(20.19% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak cash conversion and high financial statement volatility, including negative operating/free cash flow and an unusual 2025 profile (revenue at 0 with an operating loss). Technicals show some near-term strength (price above 20/50 DMA and positive MACD) but are tempered by overbought signals and a weaker long-term trend (below 100/200 DMA). Valuation is a relative positive due to the low P/E, but confidence is constrained by the underlying earnings and cash-flow consistency.
Positive Factors
Conservative leverage and equity cushion
Extremely low debt and a meaningful equity base provide durable financial flexibility through crypto cycles. This reduces default and refinancing risk, lets management fund operations or strategic initiatives without immediate market access, and supports resilience during prolonged volatility.
Negative Factors
Weak operating and free cash flow
Persistent negative operating and free cash flow erode internal funding capacity and force reliance on balance-sheet flexibility or external financing. Over months this constrains reinvestment in products, marketing and compliance, and raises vulnerability if markets tighten or capital access worsens.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage and equity cushion
Extremely low debt and a meaningful equity base provide durable financial flexibility through crypto cycles. This reduces default and refinancing risk, lets management fund operations or strategic initiatives without immediate market access, and supports resilience during prolonged volatility.
Read all positive factors
CoinShares (CSHR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$645.72M
Dividend YieldN/A
Average Volume (3M)355.70K
Price to Earnings (P/E)5.4
Beta (1Y)-0.22
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees93
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)N/A
Shares Outstanding131,780,210
10 Day Avg. Volume343,145
30 Day Avg. Volume355,705
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)1.36
Price to Sales (P/S)0.00
P/FCF Ratio-2.61K
Enterprise Value/Market Cap0.42
Enterprise Value/Revenue2.32
Enterprise Value/Gross Profit2.76
Enterprise Value/Ebitda2.16
Forecast
1Y Price Target
$7.00Price Target Upside68.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CoinShares Business Overview & Revenue Model
Company Description
CoinShares PLC, a Jersey-based entity, focuses on crafting financial products that utilize digital assets and blockchain technology. The company's business is organized into three primary segments: Asset Management, Capital Markets, and Principal ...
How the Company Makes Money
CoinShares makes money primarily through fees and revenue earned across its digital-asset investment products and related financial services. (1) Management and product fees: A core revenue stream is management fees charged on assets under managem...
CoinShares Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
71
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 118.19M | 0.00 | 109.58M | 65.39M | 15.63M | 108.99M |
| Gross Profit | 99.42M | 0.00 | 92.80M | 51.73M | 7.97M | 88.84M |
| EBITDA | 126.81M | 8.67M | 146.15M | 57.58M | 641.16M | -3.24B |
| Net Income | 114.93M | 5.53M | 130.95M | 46.82M | 629.57M | -3.26B |
Balance Sheet | ||||||
| Total Assets | 229.89M | 233.67M | 6.02B | 3.48B | 1.23B | 5.40B |
| Cash, Cash Equivalents and Short-Term Investments | 606.00K | 91.87K | 1.22B | 301.78M | 132.96M | 1.36B |
| Total Debt | 72.19M | 249.65K | 53.87M | 33.32M | 0.00 | 218.23M |
| Total Liabilities | 9.17M | 3.72M | 5.63B | 3.18B | 1.03B | 5.13B |
| Stockholders Equity | 220.72M | 229.95M | 393.95M | 304.77M | 0.00 | 269.95M |
Cash Flow | ||||||
| Free Cash Flow | 68.65M | -119.41K | -89.12M | -97.89M | 0.00 | 0.00 |
| Operating Cash Flow | 158.06M | -119.41K | -87.45M | -96.60M | 0.00 | 0.00 |
| Investing Cash Flow | -165.82M | -6.56M | 11.56M | -1.36M | 0.00 | 0.00 |
| Financing Cash Flow | 165.33M | 149.79K | 52.25M | -4.22M | 24.27M | 16.94M |
CoinShares Peers Comparison
UnderperformOutperform
Sector (68)
CSHR
CoinShares
4.90
-5.82
-54.29%
UMAC
Unusual Machines Inc.
25.73
16.14
168.30%
POLE
Andretti Acquisition Corp. II Class A
10.82
0.39
3.74%
ALDF
Aldel Financial II, Inc. Class A
10.78
0.35
3.31%
PMTR
Perimeter Acquisition Corp. I Class A
10.39
0.11
1.08%
CRAQ
Cal Redwood Acquisition Corp. Class A
10.31
0.31
3.09%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.