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Added to YB: 2025-06-27

Pitch date: 2025-06-25

CNCK [neutral]

Coincheck Group N.V.

-73.04%

current return

Author Info

Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.

Company Info

Coincheck Group N.V. operates as a cryptocurrency exchange services provider in Japan. It operates Coincheck NFT Marketplace platform that enables non-fungible tokens to be purchased.

Market Cap

$58.7B

Pitch Price

$4.97

Price Target

N/A

Dividend

N/A

EV/EBITDA

-33.08

P/E

-27.26

EV/Sales

0.09

Sector

Capital Markets

Category

growth

Show full summary:
Pernas Research Passes On: Coincheck Group N.V.

CNCK pass: Japan's top retail crypto exchange (24% share) trades at $672M mkt cap, $5.14. FY25 revenue ¥13.5B ($90M), breakeven cash flow. Growth in users & assets (¥859B), but monetization pressured by 3.4% spread model. Potential catalysts: Q2 crypto prices & Japan's planned tax cut from 55% to 20% in 2026.

Read full article (1 min)