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Bullish

Exchange: NYSESector: TechnologyIndustry: Software - Infrastructure

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. These include: Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in the United States, European Union, Hong Kong, and Gibraltar. CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries. CoinDesk Data - a broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights – a digital asset media and events provider and operator of Coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology.

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Currently operating at a negative 0.3% profit margin.

Current Price

$39.32

+4.21%

GoodMoat Value

$0.67

98.3% overvalued
Profile
Valuation (TTM)
Market Cap$5.75B
P/E-7.13
EV
P/B1.79
Shares Out146.18M
P/Sales0.02
Revenue$244.96B
EV/EBITDA

Bullish (BLSH) Valuation

BLSH Fair Value Estimate

$0.6798.3% overvalued

Blended fair value estimate based on DCF, Graham Number, and earnings-based models.

BLSH Valuation Metrics

FCF$18.70M
FCF Growth Rate-50.00%
EPS Growth (CAGR)-50.00%
WACC10.00%

BLSH Valuation & Fair Value Analysis

Bullish (BLSH) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.

The GoodMoat Fair Value target for Bullish is $0.67. The current stock price is $39.32, suggesting the stock is 5806.3% overvalued.

The price-to-earnings (P/E) ratio is -7.13. Price-to-book ratio is 1.79. Price-to-sales ratio is 0.02. PEG ratio is 0.02.

GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Bullish's intrinsic value.