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COUPANG INC (CPNG) Stock Fundamental Analysis

NYSE:CPNG - New York Stock Exchange, Inc. - US22266T1097 - Common Stock - Currency: USD

28.45  +1 (+3.64%)

After market: 28.45 0 (0%)

Fundamental Rating

4

Overall CPNG gets a fundamental rating of 4 out of 10. We evaluated CPNG against 31 industry peers in the Broadline Retail industry. CPNG scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CPNG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

CPNG had positive earnings in the past year.
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.
Of the past 5 years CPNG 4 years had a positive operating cash flow.
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

CPNG has a Return On Assets (1.60%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 5.86%, CPNG is in line with its industry, outperforming 54.84% of the companies in the same industry.
CPNG has a Return On Invested Capital (5.28%) which is in line with its industry peers.
Industry RankSector Rank
ROA 1.6%
ROE 5.86%
ROIC 5.28%
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 has a Profit Margin (0.82%) which is comparable to the rest of the industry.
CPNG has a Operating Margin (1.86%) which is in line with its industry peers.
CPNG has a worse Gross Margin (29.68%) than 80.65% of its industry peers.
CPNG's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 1.86%
PM (TTM) 0.82%
GM 29.68%
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

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPNG is destroying value.
Compared to 1 year ago, CPNG has more shares outstanding
The number of shares outstanding for CPNG has been increased compared to 5 years ago.
The debt/assets ratio for CPNG is higher compared to a year ago.
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 4.37 indicates that CPNG is not in any danger for bankruptcy at the moment.
CPNG has a better Altman-Z score (4.37) than 74.19% of its industry peers.
CPNG has a debt to FCF ratio of 1.53. This is a very positive value and a sign of high solvency as it would only need 1.53 years to pay back of all of its debts.
CPNG's Debt to FCF ratio of 1.53 is fine compared to the rest of the industry. CPNG outperforms 74.19% of its industry peers.
A Debt/Equity ratio of 0.36 indicates that CPNG is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.36, CPNG perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 1.53
Altman-Z 4.37
ROIC/WACC0.51
WACC10.34%
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 1.16. This is a normal value and indicates that CPNG is financially healthy and should not expect problems in meeting its short term obligations.
CPNG has a worse Current ratio (1.16) than 77.42% of its industry peers.
CPNG has a Quick Ratio of 1.16. This is a bad value and indicates that CPNG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CPNG (0.90) is worse than 67.74% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.9
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

6

3. Growth

3.1 Past

CPNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.62%.
The Revenue has grown by 20.88% in the past year. This is a very strong growth!
The Revenue has been growing by 36.99% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-34.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)20.88%
Revenue growth 3Y18.03%
Revenue growth 5Y36.99%
Sales Q2Q%11.16%

3.2 Future

Based on estimates for the next years, CPNG will show a very strong growth in Earnings Per Share. The EPS will grow by 52.57% on average per year.
The Revenue is expected to grow by 10.20% on average over the next years. This is quite good.
EPS Next Y88.33%
EPS Next 2Y100.64%
EPS Next 3Y83.03%
EPS Next 5Y52.57%
Revenue Next Year12.84%
Revenue Next 2Y14.13%
Revenue Next 3Y13.12%
Revenue Next 5Y10.2%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 0 0.5 -0.5 -1

2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 167.35 indicates a quite expensive valuation of CPNG.
Compared to the rest of the industry, the Price/Earnings ratio of CPNG is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.35, CPNG is valued quite expensively.
The Price/Forward Earnings ratio is 44.17, which means the current valuation is very expensive for CPNG.
67.74% of the companies in the same industry are cheaper than CPNG, based on the Price/Forward Earnings ratio.
CPNG is valuated expensively when we compare the Price/Forward Earnings ratio to 22.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 167.35
Fwd PE 44.17
CPNG Price Earnings VS Forward Price EarningsCPNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CPNG is valued a bit more expensive than 67.74% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CPNG.
Industry RankSector Rank
P/FCF 50.79
EV/EBITDA 43.13
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 CPNG does not grow enough to justify the current Price/Earnings ratio.
CPNG's earnings are expected to grow with 83.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.89
PEG (5Y)N/A
EPS Next 2Y100.64%
EPS Next 3Y83.03%

0

5. Dividend

5.1 Amount

CPNG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

COUPANG INC

NYSE:CPNG (5/27/2025, 8:12:15 PM)

After market: 28.45 0 (0%)

28.45

+1 (+3.64%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)08-04 2025-08-04/amc
Inst Owners62.84%
Inst Owner Change1.87%
Ins Owners0.8%
Ins Owner Change5.75%
Market Cap51.65B
Analysts81.9
Price Target30.26 (6.36%)
Short Float %0.99%
Short Ratio1.47
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)2
Avg EPS beat(2)267.36%
Min EPS beat(2)20.05%
Max EPS beat(2)514.67%
EPS beat(4)4
Avg EPS beat(4)319.54%
Min EPS beat(4)20.05%
Max EPS beat(4)514.67%
EPS beat(8)6
Avg EPS beat(8)164.89%
EPS beat(12)10
Avg EPS beat(12)138.65%
EPS beat(16)12
Avg EPS beat(16)105.32%
Revenue beat(2)0
Avg Revenue beat(2)-3.57%
Min Revenue beat(2)-3.82%
Max Revenue beat(2)-3.33%
Revenue beat(4)0
Avg Revenue beat(4)-2.61%
Min Revenue beat(4)-3.82%
Max Revenue beat(4)-0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.89%
Revenue beat(12)4
Avg Revenue beat(12)-1.27%
Revenue beat(16)4
Avg Revenue beat(16)-1.92%
PT rev (1m)-0.48%
PT rev (3m)2.48%
EPS NQ rev (1m)-7.35%
EPS NQ rev (3m)-47.61%
EPS NY rev (1m)-27.32%
EPS NY rev (3m)-40.15%
Revenue NQ rev (1m)0.83%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-1.73%
Valuation
Industry RankSector Rank
PE 167.35
Fwd PE 44.17
P/S 1.66
P/FCF 50.79
P/OCF 25.47
P/B 11.81
P/tB 12.43
EV/EBITDA 43.13
EPS(TTM)0.17
EY0.6%
EPS(NY)0.64
Fwd EY2.26%
FCF(TTM)0.56
FCFY1.97%
OCF(TTM)1.12
OCFY3.93%
SpS17.11
BVpS2.41
TBVpS2.29
PEG (NY)1.89
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.6%
ROE 5.86%
ROCE 7.15%
ROIC 5.28%
ROICexc 18.1%
ROICexgc 19.79%
OM 1.86%
PM (TTM) 0.82%
GM 29.68%
FCFM 3.27%
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
ROICexcg growth 3YN/A
ROICexcg 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-Score8
Asset Turnover1.94
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 1.53
Debt/EBITDA 1.5
Cap/Depr 219.78%
Cap/Sales 3.25%
Interest Coverage 250
Cash Conversion 195.56%
Profit Quality 397.27%
Current Ratio 1.16
Quick Ratio 0.9
Altman-Z 4.37
F-Score8
WACC10.34%
ROIC/WACC0.51
Cap/Depr(3y)295.22%
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)-34.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y88.33%
EPS Next 2Y100.64%
EPS Next 3Y83.03%
EPS Next 5Y52.57%
Revenue 1Y (TTM)20.88%
Revenue growth 3Y18.03%
Revenue growth 5Y36.99%
Sales Q2Q%11.16%
Revenue Next Year12.84%
Revenue Next 2Y14.13%
Revenue Next 3Y13.12%
Revenue Next 5Y10.2%
EBIT growth 1Y24.3%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year310.23%
EBIT Next 3Y95.09%
EBIT Next 5YN/A
FCF growth 1Y130.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y80.81%
OCF growth 3YN/A
OCF growth 5YN/A