Coinshares International Limited (CS) AI Stock Analysis

• Market Cap: $10.74B
• Dividend Yield: 2.06%
• Average Volume (3M): 185.22K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 1.11
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 91
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 4.65
• Shares Outstanding: 66,678,210
• 10 Day Avg. Volume: 128,398
• 30 Day Avg. Volume: 185,221
• PEG Ratio: -0.03
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 4.55
• P/FCF Ratio: -5.59
• Enterprise Value/Market Cap: -3.32
• Enterprise Value/Revenue: -339.41
• Enterprise Value/Gross Profit: -402.91
• Enterprise Value/Ebitda: -311.57
• 1Y Price Target: $173.41
• Price Target Upside: 7.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: kr175.00 ▲(8.70% Upside)

Coinshares International Limited scores highly due to its strong valuation and positive technical indicators, suggesting the stock is undervalued and in a bullish trend. Financial performance is solid but hampered by cash flow challenges, which slightly detract from the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and product adoption, crucial for sustaining long-term business success.

Profitability

High profitability margins reflect efficient operations and strong pricing power, enhancing the company's ability to reinvest in growth.

Balance Sheet Health

Low leverage provides financial flexibility, reducing risk and enabling the company to capitalize on growth opportunities.

Negative Factors

Cash Flow Challenges

Declining cash flow growth can strain operations and limit the company's ability to invest in future growth, impacting long-term sustainability.

Cash Conversion Issues

Low cash conversion efficiency suggests potential issues in generating cash from operations, which could affect liquidity and operational flexibility.

Potential One-Time Gains

Reliance on one-time gains can distort profitability, making it crucial to monitor for sustainable earnings quality over time.

Coinshares International Limited Business Overview & Revenue Model

Company Description

CoinShares International Limited engages in the digital assets and blockchain technology business. It offers electronic trading, liquidity provisioning, and risk management services; advisory services; and exchange traded products. The company was formerly known as Global Advisors (Holdings) Limited and changed its name to CoinShares International Limited in June 2020. CoinShares International Limited was incorporated in 2008 and is based in Saint Helier, Jersey.

How the Company Makes Money

Coinshares generates revenue through various streams, primarily by managing investment products that charge management fees based on assets under management (AUM). The company also earns income from performance fees when its investment funds exceed certain benchmarks. Additionally, Coinshares has established partnerships with exchanges and financial institutions, which facilitate trading and liquidity for its products, further enhancing its revenue potential. The growth in demand for cryptocurrency exposure among investors and the expansion of its product offerings contribute significantly to its earnings.

Coinshares International Limited Financial Statement Overview

Summary

Coinshares International Limited demonstrates strong revenue growth and profitability, supported by a stable balance sheet with low leverage. However, cash flow challenges persist, with significant declines in free cash flow growth and low conversion of income to cash. The company should focus on improving cash flow management to sustain its financial health.

Income Statement

Coinshares International Limited shows strong revenue growth with a 7.73% increase in TTM. The company maintains high profitability with a gross profit margin of 84.24% and a net profit margin of 97.16%. EBIT and EBITDA margins are also robust, indicating efficient operations. However, the high net profit margin suggests potential one-time gains or accounting adjustments, which should be monitored.

Balance Sheet

The company has a healthy debt-to-equity ratio of 0.18, indicating low leverage and financial stability. Return on equity is strong at 29.00%, reflecting effective use of equity capital. The equity ratio is solid, suggesting a stable financial structure. However, the increase in total debt over the periods should be watched for potential risk.

Cash Flow

Cash flow analysis reveals challenges with a significant decline in free cash flow growth by 82.46% in TTM. The operating cash flow to net income ratio is low at 0.39%, indicating potential issues in converting income to cash. The free cash flow to net income ratio is healthy at 95.98%, but the overall cash flow position requires improvement to support long-term operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	104.97M	87.33M	43.08M	51.34M	80.75M	18.39M
Gross Profit	88.42M	73.95M	35.83M	38.77M	65.83M	11.69M
EBITDA	114.35M	118.10M	-442.45M	529.80M	-2.40B	-1.39B
Net Income	101.99M	104.37M	-453.13M	520.22M	-2.41B	-1.39B
Balance Sheet
Total Assets	6.18B	4.80B	2.73B	1.38B	4.00B	1.96B
Cash, Cash Equivalents and Short-Term Investments	1.47B	972.53M	25.51M	26.57M	1.00B	32.96M
Total Debt	72.19M	48.25M	26.17M	49.86M	161.69M	1.73M
Total Liabilities	5.77B	4.48B	2.49B	1.18B	3.80B	1.91B
Stockholders Equity	410.09M	314.32M	239.25M	203.74M	200.01M	56.50M
Cash Flow
Free Cash Flow	21.48M	-71.01M	-107.91M	133.35M	-1.76B	15.94M
Operating Cash Flow	22.38M	-69.68M	-106.78M	134.38M	-1.76B	16.02M
Investing Cash Flow	6.96M	9.18M	6.91M	77.50M	1.63B	-63.90M
Financing Cash Flow	-26.70M	41.64M	-4.39M	20.06M	12.55M	-2.19M

Coinshares International Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 161.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CS, the sentiment is Positive. The current price of 161 is above the 20-day moving average (MA) of 155.55, above the 50-day MA of 140.88, and above the 200-day MA of 101.78, indicating a bullish trend. The MACD of 5.85 indicates Negative momentum. The RSI at 58.27 is Neutral, neither overbought nor oversold. The STOCH value of 77.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CS.

Coinshares International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AZA	82 Outperform	kr57.41B	21.92	42.92%	3.22%	7.33%	23.01%
CS	80 Outperform	$10.74B	8.96	29.65%	2.06%	―	―
SAVE	72 Outperform	€69.60B	24.57	41.80%	2.90%	2.54%	4.51%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SVOL.B	64 Neutral	€5.81B	660.12	0.16%	3.02%	-96.46%	-99.03%
KINV.A	56 Neutral	€23.97B	199.46	―	―	-97.64%	―
BTCX	52 Neutral	kr46.58M	-4.37	-62.30%	―	177.14%	-80.98%

Coinshares International Limited Corporate Events

CoinShares Reports Strong Q2 2025 Performance

CoinShares International Limited is a leading digital asset investment firm operating in the cryptocurrency sector, known for its innovative exchange-traded products (ETPs) and asset management services.