Stock fact sheet · data as of
CoinShares PLC Ordinary Shares (CSHR): fair value, margin of safety and Wheel Score
Ticker symbol CSHR · Financial Services · Financial - Capital Markets · Jersey · Blend Income
Is CSHR undervalued?
CSHR has a margin of safety of 86%: the stock closed at 3.94 on 5 Nov 2026 against a GLS average fair value of 28.96. 5 of the 7 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 7 models disagree widely: 10 Cap gives 0.1025 while GLS Growth gives 71.20. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for CSHR, so the nightly engine files it under Blend (value score 94, growth score 85, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for CSHR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 20.11 | +410% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 66.53 | +1588% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 29.08 | +638% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 71.20 | +1707% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 0.1025 | -97% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 2.80 | -29% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 12.92 | +228% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.0275 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for CSHR (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. The GLS Moat score is low at 2.8 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 2.4%, ROE 2.4%, ROA 2.4% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 4.83% (payout ratio 38%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 12 Oct 2026.
| Piotroski F-score | - / 9 | ROIC | 2.4% |
|---|---|---|---|
| GLS Moat | 2.8 / 10 | ROE | 2.4% |
| Debt / equity | 0.00 | ROA | 2.4% |
| Free-cash-flow yield | -0.0% | Payout ratio | 38% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 32: Weak
CSHR scores 32 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (315 open interest, 214 a day); and filter 7, a premium worth selling - implied volatility 112% (over 80%); and filter 8, big enough - market cap $519M (under $1.0B); and filter 9, not a penny stock - price 3.94 (under $5), and the parts are thin too - value strong, premium weak, moat weak, health fair, red flags good, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 112%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 315 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 282k shares a day on a market cap of $519M, with a beta of -1.40 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (315 open interest, 214 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 112% (over 80%) |
| 8 | Big enough | Fails | market cap $519M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 3.94 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 86% below fair value | |
| Premium | Weak | implied volatility 112% | |
| Moat | Weak | moat 2.8/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Weak | 214 contracts a day, 315 open interest | |
| Stability | Fair | beta -1.40, $519M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
CoinShares PLC Ordinary Shares reports earnings on 18 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Capital Markets
The 12 companies below are the closest to CoinShares PLC Ordinary Shares by market cap within the Financial - Capital Markets industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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|---|---|---|---|---|---|
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| BTGO BitGo Holdings, Inc. | 5.42 | 127.42 | +96% | 34Weak | $589M |
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| RHNO Rhino Bitcoin Inc. | 8.90 | - | - | 12No options | $712M |
| CD Chaince Digital Holdings Inc. | 6.74 | 0.3486 | -1834% | 11Weak | $741M |
| GEMI Gemini Space Station, Inc. | 2.81 | - | - | 16Weak | $343M |
| BTBT Bit Digital, Inc. | 0.8343 | 0.0326 | -2456% | 9Weak | $301M |
| LCLN Lincoln International Inc. | 27.25 | 33.86 | +20% | 27No options | $950M |
| OPY Oppenheimer Holdings Inc. | 91.86 | 201.33 | +54% | 44Weak | $975M |
| CNCK Coincheck Group N.V. | 1.28 | 2.22 | +42% | 28No options | $245M |
| GOLD Gold.com, Inc. | 41.43 | 218.02 | +81% | 80Good | $1.2B |
⚖ Compare CSHR with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CSHR
Is CSHR undervalued right now?
By the GLS models, yes: at 3.94 the stock is 86% below the average fair value of 28.96 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CSHR and what does it mean?
CSHR scores 32 out of 100 (Weak) - it fails Wheel Trade Filters 1, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CSHR?
28.96 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does CoinShares PLC Ordinary Shares report earnings next?
The next earnings report is due on 18 Nov 2026 (before the open), 13 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CSHR have listed options, and how liquid are they?
Yes. The nightly snapshot found 8 listed contracts with 315 open interest across all expiries and implied volatility of 112% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.