COUPANG INC (CPNG) Fundamental Analysis & Valuation

NYSE:CPNG • US22266T1097

18.81 USD
-0.26 (-1.36%)
At close: Mar 9, 2026
18.98 USD
+0.17 (+0.9%)
Pre-Market: 3/10/2026, 5:24:53 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CPNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, CPNG scores 3 out of 10 in our fundamental rating. CPNG was compared to 30 industry peers in the Broadline Retail industry. While CPNG seems to be doing ok healthwise, there are quite some concerns on its profitability. CPNG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. CPNG Profitability Analysis

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.
  • 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 2025 0 1B -1B 2B

1.2 Ratios

  • CPNG has a Return On Assets of 1.17%. This is in the lower half of the industry: CPNG underperforms 60.00% of its industry peers.
  • CPNG has a Return On Equity (4.50%) which is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 3.98%, CPNG is doing worse than 63.33% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CPNG is below the industry average of 9.12%.
Industry RankSector Rank
ROA 1.17%
ROE 4.5%
ROIC 3.98%
ROA(3y)4.12%
ROA(5y)-1.29%
ROE(3y)13.84%
ROE(5y)-6.64%
ROIC(3y)4.61%
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 2025 0 500 1K

1.3 Margins

  • Looking at the Profit Margin, with a value of 0.60%, CPNG is doing worse than 60.00% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 1.37%, CPNG is doing worse than 63.33% of the companies in the same industry.
  • CPNG has a Gross Margin of 29.37%. 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 1.37%
PM (TTM) 0.6%
GM 29.37%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.67%
GM growth 5Y12.09%
CPNG Yearly Profit, Operating, Gross MarginsCPNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

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4

2. CPNG Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPNG is destroying value.
  • CPNG has more shares outstanding than it did 1 year ago.
  • CPNG has more shares outstanding than it did 5 years ago.
  • CPNG has a better debt/assets ratio than last year.
CPNG Yearly Shares OutstandingCPNG Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 3.30 indicates that CPNG is not in any danger for bankruptcy at the moment.
  • CPNG has a better Altman-Z score (3.30) than 70.00% of its industry peers.
  • The Debt to FCF ratio of CPNG is 3.08, which is a good value as it means it would take CPNG, 3.08 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.08, CPNG is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.35 indicates that CPNG is not too dependend on debt financing.
  • The Debt to Equity ratio of CPNG (0.35) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.08
Altman-Z 3.3
ROIC/WACC0.45
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 2025 0 1B -1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.04 indicates that CPNG should not have too much problems paying its short term obligations.
  • CPNG has a worse Current ratio (1.04) than 86.67% of its industry peers.
  • CPNG has a Quick Ratio of 1.04. This is a bad value and indicates that CPNG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • CPNG has a Quick ratio of 0.79. This is in the lower half of the industry: CPNG underperforms 76.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.04
Quick Ratio 0.79
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 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CPNG Growth Analysis

3.1 Past

  • The earnings per share for CPNG have decreased strongly by -25.00% in the last year.
  • The Revenue has grown by 14.09% in the past year. This is quite good.
  • The Revenue has been growing by 23.61% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
Revenue 1Y (TTM)14.09%
Revenue growth 3Y18.83%
Revenue growth 5Y23.61%
Sales Q2Q%10.92%

3.2 Future

  • The Earnings Per Share is expected to grow by 61.69% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, CPNG will show a small growth in Revenue. The Revenue will grow by 4.67% on average per year.
EPS Next Y203.94%
EPS Next 2Y136.19%
EPS Next 3Y102.44%
EPS Next 5Y61.69%
Revenue Next Year10.91%
Revenue Next 2Y11.81%
Revenue Next 3Y11.23%
Revenue Next 5Y4.67%

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 2033 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 2033 0 1 -1 2

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Find the best growth stocksShow best growing peers

2

4. CPNG Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 156.75 indicates a quite expensive valuation of CPNG.
  • Based on the Price/Earnings ratio, CPNG is valued a bit more expensive than the industry average as 63.33% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.46. CPNG is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 51.57 indicates a quite expensive valuation of CPNG.
  • Based on the Price/Forward Earnings ratio, CPNG is valued a bit more expensive than the industry average as 70.00% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, CPNG is valued quite expensively.
Industry RankSector Rank
PE 156.75
Fwd PE 51.57
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

  • CPNG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CPNG is more expensive than 60.00% of the companies 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 65.88
EV/EBITDA 29.01
CPNG Per share dataCPNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • CPNG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CPNG's earnings are expected to grow with 102.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y136.19%
EPS Next 3Y102.44%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CPNG Dividend Analysis

5.1 Amount

  • CPNG does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

CPNG Fundamentals: All Metrics, Ratios and Statistics

COUPANG INC

NYSE:CPNG (3/9/2026, 8:04:00 PM)

Premarket: 18.98 +0.17 (+0.9%)

18.81

-0.26 (-1.36%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-26
Earnings (Next)05-04
Inst Owners68.61%
Inst Owner Change-0.23%
Ins Owners0.59%
Ins Owner Change3.54%
Market Cap34.39B
Revenue(TTM)34.53B
Net Income(TTM)208.00M
Analysts81.9
Price Target31.18 (65.76%)
Short Float %2.3%
Short Ratio1.23
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)-49.08%
Min EPS beat(2)-133.81%
Max EPS beat(2)35.64%
EPS beat(4)2
Avg EPS beat(4)-36.87%
Min EPS beat(4)-133.81%
Max EPS beat(4)35.64%
EPS beat(8)5
Avg EPS beat(8)137.17%
EPS beat(12)8
Avg EPS beat(12)96.32%
EPS beat(16)12
Avg EPS beat(16)95.52%
Revenue beat(2)0
Avg Revenue beat(2)-2.4%
Min Revenue beat(2)-4.27%
Max Revenue beat(2)-0.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-4.27%
Max Revenue beat(4)-0.53%
Revenue beat(8)1
Avg Revenue beat(8)-1.98%
Revenue beat(12)4
Avg Revenue beat(12)-1.03%
Revenue beat(16)4
Avg Revenue beat(16)-1.62%
PT rev (1m)-7.65%
PT rev (3m)-15.74%
EPS NQ rev (1m)-22.4%
EPS NQ rev (3m)-22.4%
EPS NY rev (1m)-20.27%
EPS NY rev (3m)-35.44%
Revenue NQ rev (1m)-7.99%
Revenue NQ rev (3m)-9.73%
Revenue NY rev (1m)-4.76%
Revenue NY rev (3m)-6.04%
Valuation
Industry RankSector Rank
PE 156.75
Fwd PE 51.57
P/S 1
P/FCF 65.88
P/OCF 19.4
P/B 7.44
P/tB 7.76
EV/EBITDA 29.01
EPS(TTM)0.12
EY0.64%
EPS(NY)0.36
Fwd EY1.94%
FCF(TTM)0.29
FCFY1.52%
OCF(TTM)0.97
OCFY5.16%
SpS18.89
BVpS2.53
TBVpS2.42
PEG (NY)0.77
PEG (5Y)N/A
Graham Number2.61
Profitability
Industry RankSector Rank
ROA 1.17%
ROE 4.5%
ROCE 5.61%
ROIC 3.98%
ROICexc 12.16%
ROICexgc 12.97%
OM 1.37%
PM (TTM) 0.6%
GM 29.37%
FCFM 1.51%
ROA(3y)4.12%
ROA(5y)-1.29%
ROE(3y)13.84%
ROE(5y)-6.64%
ROIC(3y)4.61%
ROIC(5y)N/A
ROICexc(3y)17.86%
ROICexc(5y)N/A
ROICexgc(3y)18.84%
ROICexgc(5y)N/A
ROCE(3y)6.24%
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 3Y8.67%
GM growth 5Y12.09%
F-Score7
Asset Turnover1.94
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.08
Debt/EBITDA 1.62
Cap/Depr 241.97%
Cap/Sales 3.62%
Interest Coverage 7.28
Cash Conversion 179.09%
Profit Quality 250.96%
Current Ratio 1.04
Quick Ratio 0.79
Altman-Z 3.3
F-Score7
WACC8.8%
ROIC/WACC0.45
Cap/Depr(3y)256.93%
Cap/Depr(5y)292.41%
Cap/Sales(3y)3.4%
Cap/Sales(5y)3.57%
Profit Quality(3y)344.66%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
EPS Next Y203.94%
EPS Next 2Y136.19%
EPS Next 3Y102.44%
EPS Next 5Y61.69%
Revenue 1Y (TTM)14.09%
Revenue growth 3Y18.83%
Revenue growth 5Y23.61%
Sales Q2Q%10.92%
Revenue Next Year10.91%
Revenue Next 2Y11.81%
Revenue Next 3Y11.23%
Revenue Next 5Y4.67%
EBIT growth 1Y-7.8%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year107.54%
EBIT Next 3Y65.5%
EBIT Next 5Y43.32%
FCF growth 1Y-48.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.99%
OCF growth 3Y46.37%
OCF growth 5Y42.52%

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 2 / 10.


What is the earnings growth outlook for COUPANG INC?

The Earnings per Share (EPS) of COUPANG INC (CPNG) is expected to grow by 203.94% in the next year.