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COUPANG INC (CPNG) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:CPNG - US22266T1097 - Common Stock

23.59 USD
-0.54 (-2.24%)
Last: 12/31/2025, 8:04:00 PM
23.51 USD
-0.08 (-0.34%)
After Hours: 12/31/2025, 8:04:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to CPNG. CPNG was compared to 30 industry peers in the Broadline Retail industry. The financial health of CPNG is average, but there are quite some concerns on its profitability. While showing a medium growth rate, CPNG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year CPNG was profitable.
CPNG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CPNG reported negative net income in multiple years.
CPNG had a positive operating cash flow in 4 of the past 5 years.
CPNG Yearly Net Income VS EBIT VS OCF VS FCFCPNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B

1.2 Ratios

With a Return On Assets value of 2.09%, CPNG perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
With a Return On Equity value of 8.23%, CPNG perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
The Return On Invested Capital of CPNG (6.23%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 2.09%
ROE 8.23%
ROIC 6.23%
ROA(3y)3.41%
ROA(5y)-3.72%
ROE(3y)11.07%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CPNG Yearly ROA, ROE, ROICCPNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500 1K

1.3 Margins

CPNG's Profit Margin of 1.16% is in line compared to the rest of the industry. CPNG outperforms 50.00% of its industry peers.
CPNG's Operating Margin of 2.31% is in line compared to the rest of the industry. CPNG outperforms 43.33% of its industry peers.
CPNG has a Gross Margin of 29.97%. This is amonst the worse of the industry: CPNG underperforms 86.67% of its industry peers.
CPNG's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 2.31%
PM (TTM) 1.16%
GM 29.97%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.09%
GM growth 5Y12.12%
CPNG Yearly Profit, Operating, Gross MarginsCPNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPNG is destroying value.
The number of shares outstanding for CPNG has been increased compared to 1 year ago.
Compared to 5 years ago, CPNG has more shares outstanding
CPNG has a worse debt/assets ratio than last year.
CPNG Yearly Shares OutstandingCPNG Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
CPNG Yearly Total Debt VS Total AssetsCPNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

An Altman-Z score of 3.54 indicates that CPNG is not in any danger for bankruptcy at the moment.
CPNG has a better Altman-Z score (3.54) than 73.33% of its industry peers.
CPNG has a debt to FCF ratio of 1.58. This is a very positive value and a sign of high solvency as it would only need 1.58 years to pay back of all of its debts.
CPNG has a better Debt to FCF ratio (1.58) than 76.67% of its industry peers.
A Debt/Equity ratio of 0.42 indicates that CPNG is not too dependend on debt financing.
The Debt to Equity ratio of CPNG (0.42) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.58
Altman-Z 3.54
ROIC/WACC0.71
WACC8.8%
CPNG Yearly LT Debt VS Equity VS FCFCPNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B 4B

2.3 Liquidity

CPNG has a Current Ratio of 1.06. This is a normal value and indicates that CPNG is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CPNG (1.06) is worse than 80.00% of its industry peers.
A Quick Ratio of 0.82 indicates that CPNG may have some problems paying its short term obligations.
With a Quick ratio value of 0.82, CPNG is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 0.82
CPNG Yearly Current Assets VS Current LiabilitesCPNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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5

3. Growth

3.1 Past

CPNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.00%.
CPNG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.63%.
The Revenue has been growing by 36.99% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
Revenue 1Y (TTM)16.63%
Revenue growth 3Y18.03%
Revenue growth 5Y36.99%
Sales Q2Q%17.81%

3.2 Future

CPNG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 58.11% yearly.
Based on estimates for the next years, CPNG will show a quite strong growth in Revenue. The Revenue will grow by 9.94% on average per year.
EPS Next Y20.01%
EPS Next 2Y76.3%
EPS Next 3Y76%
EPS Next 5Y58.11%
Revenue Next Year15.34%
Revenue Next 2Y16.27%
Revenue Next 3Y14.89%
Revenue Next 5Y9.94%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CPNG Yearly Revenue VS EstimatesCPNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B 50B
CPNG Yearly EPS VS EstimatesCPNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 1 -1 2

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 138.76, CPNG can be considered very expensive at the moment.
CPNG's Price/Earnings ratio is in line with the industry average.
CPNG is valuated expensively when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
CPNG is valuated quite expensively with a Price/Forward Earnings ratio of 47.44.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPNG indicates a slightly more expensive valuation: CPNG is more expensive than 70.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, CPNG is valued quite expensively.
Industry RankSector Rank
PE 138.76
Fwd PE 47.44
CPNG Price Earnings VS Forward Price EarningsCPNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPNG indicates a slightly more expensive valuation: CPNG is more expensive than 70.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CPNG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 34.14
EV/EBITDA 28.54
CPNG Per share dataCPNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as CPNG's earnings are expected to grow with 76.00% in the coming years.
PEG (NY)6.93
PEG (5Y)N/A
EPS Next 2Y76.3%
EPS Next 3Y76%

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0

5. Dividend

5.1 Amount

No dividends for CPNG!.
Industry RankSector Rank
Dividend Yield 0%

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COUPANG INC

NYSE:CPNG (12/31/2025, 8:04:00 PM)

After market: 23.51 -0.08 (-0.34%)

23.59

-0.54 (-2.24%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners67.84%
Inst Owner Change6.92%
Ins Owners0.59%
Ins Owner Change-2.92%
Market Cap43.09B
Revenue(TTM)33.66B
Net Income(TTM)390.00M
Analysts83.81
Price Target36.24 (53.62%)
Short Float %1.74%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-16.86%
Min EPS beat(2)-69.36%
Max EPS beat(2)35.64%
EPS beat(4)3
Avg EPS beat(4)125.25%
Min EPS beat(4)-69.36%
Max EPS beat(4)514.67%
EPS beat(8)6
Avg EPS beat(8)157.9%
EPS beat(12)9
Avg EPS beat(12)108.75%
EPS beat(16)12
Avg EPS beat(16)102.85%
Revenue beat(2)0
Avg Revenue beat(2)-0.93%
Min Revenue beat(2)-1.34%
Max Revenue beat(2)-0.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.25%
Min Revenue beat(4)-3.82%
Max Revenue beat(4)-0.53%
Revenue beat(8)1
Avg Revenue beat(8)-1.47%
Revenue beat(12)4
Avg Revenue beat(12)-0.95%
Revenue beat(16)4
Avg Revenue beat(16)-1.56%
PT rev (1m)-1.41%
PT rev (3m)2.73%
EPS NQ rev (1m)-8.75%
EPS NQ rev (3m)-14.93%
EPS NY rev (1m)-2.52%
EPS NY rev (3m)1.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.95%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)0.37%
Valuation
Industry RankSector Rank
PE 138.76
Fwd PE 47.44
P/S 1.28
P/FCF 34.14
P/OCF 18.2
P/B 9.09
P/tB 9.49
EV/EBITDA 28.54
EPS(TTM)0.17
EY0.72%
EPS(NY)0.5
Fwd EY2.11%
FCF(TTM)0.69
FCFY2.93%
OCF(TTM)1.3
OCFY5.49%
SpS18.43
BVpS2.6
TBVpS2.49
PEG (NY)6.93
PEG (5Y)N/A
Graham Number3.15
Profitability
Industry RankSector Rank
ROA 2.09%
ROE 8.23%
ROCE 9.17%
ROIC 6.23%
ROICexc 23.46%
ROICexgc 25.41%
OM 2.31%
PM (TTM) 1.16%
GM 29.97%
FCFM 3.75%
ROA(3y)3.41%
ROA(5y)-3.72%
ROE(3y)11.07%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.09%
GM growth 5Y12.12%
F-Score7
Asset Turnover1.8
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.58
Debt/EBITDA 1.56
Cap/Depr 220.56%
Cap/Sales 3.28%
Interest Coverage 250
Cash Conversion 185.21%
Profit Quality 323.59%
Current Ratio 1.06
Quick Ratio 0.82
Altman-Z 3.54
F-Score7
WACC8.8%
ROIC/WACC0.71
Cap/Depr(3y)295.23%
Cap/Depr(5y)320.02%
Cap/Sales(3y)3.53%
Cap/Sales(5y)3.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
EPS Next Y20.01%
EPS Next 2Y76.3%
EPS Next 3Y76%
EPS Next 5Y58.11%
Revenue 1Y (TTM)16.63%
Revenue growth 3Y18.03%
Revenue growth 5Y36.99%
Sales Q2Q%17.81%
Revenue Next Year15.34%
Revenue Next 2Y16.27%
Revenue Next 3Y14.89%
Revenue Next 5Y9.94%
EBIT growth 1Y133.97%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year271.16%
EBIT Next 3Y96.43%
EBIT Next 5YN/A
FCF growth 1Y-31.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.77%
OCF growth 3YN/A
OCF growth 5YN/A

COUPANG INC / CPNG FAQ

What is the ChartMill fundamental rating of COUPANG INC (CPNG) stock?

ChartMill assigns a fundamental rating of 3 / 10 to CPNG.


Can you provide the valuation status for COUPANG INC?

ChartMill assigns a valuation rating of 2 / 10 to COUPANG INC (CPNG). This can be considered as Overvalued.


What is the profitability of CPNG stock?

COUPANG INC (CPNG) has a profitability rating of 3 / 10.


What is the earnings growth outlook for COUPANG INC?

The Earnings per Share (EPS) of COUPANG INC (CPNG) is expected to grow by 20.01% in the next year.