CoinShares PLC (CSHR) vs Oppenheimer Holdings, Inc. (OPY)

CoinShares PLC and Oppenheimer Holdings, Inc. are both Capital Markets companies. Oppenheimer Holdings, Inc. is the larger, with a market value of $1.3B against $769.7M — 1.6× the size. CoinShares PLC trades at the lower P/E: 7.3× against 12.3×. Oppenheimer Holdings, Inc. has the higher net margin (5.72% vs 0.00%) and the higher return on invested capital (34.8% vs 0.00%). Across the 12 metrics below, Oppenheimer Holdings, Inc. leads on 7 and CoinShares PLC on 5.

Valuation

Metric CSHR OPY Capital Markets median
P/E 7.32 12.27 15.78
P/S n/m 0.71 2.32
P/B n/m 1.29 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m 2.40 8.87
EV/Sales n/m 0.67 2.28
Earnings yield 13.65% 8.15% (3.77%)
Free cash flow yield (3.07%) (0.82%) (1.49%)

Profitability

Metric CSHR OPY Capital Markets median
Gross margin — 98.48% 62.80%
Operating margin 0.00% 24.76% 0.00%
Net margin 0.00% 5.72% (0.55%)
Free cash flow margin 0.00% (0.56%) 0.00%
Return on equity (103.66%) 10.86% 0.00%
Return on assets 4.73% 2.60% 0.00%
Return on invested capital 0.00% 34.77% 0.00%

Growth

Metric CSHR OPY Capital Markets median
Revenue growth (TTM) — 20.63% 21.02%
EPS growth (last fiscal year) 147.36% 104.71% —
Revenue growth, 5-year CAGR — 6.45% 18.16%
Net income growth, 5-year CAGR — 3.83% 0.00%

Health

Metric CSHR OPY Capital Markets median
Debt to equity 0.00 0.00 0.08
Current ratio 0.18 1.20 1.51
Net debt to EBITDA 0.02 (0.30) (0.24)

Dividend

Metric CSHR OPY Capital Markets median
Dividend yield — 1.93% 2.20%
Payout ratio — 0.23 0.00

Size

Metric CSHR OPY Capital Markets median
Market cap 769.71m 1.26b 724.58m

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