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COUPANG INC (CPNG) Stock Fundamental Analysis

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

30.69  +0.61 (+2.03%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CPNG. CPNG was compared to 28 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 quite expensive at the moment. 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.
In multiple years CPNG reported negative net income over the last 5 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.
CPNG has a Return On Equity (5.86%) which is comparable to the rest of the industry.
CPNG's Return On Invested Capital of 5.28% is in line compared to the rest of the industry. CPNG outperforms 50.00% of 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

The Profit Margin of CPNG (0.82%) is comparable to the rest of the industry.
The Operating Margin of CPNG (1.86%) is comparable to the rest of the industry.
With a Gross Margin value of 29.68%, CPNG is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
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

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.
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

CPNG has an Altman-Z score of 4.62. This indicates that CPNG is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CPNG (4.62) is better than 71.43% 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 75.00% of its industry peers.
CPNG has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
CPNG has a Debt to Equity ratio of 0.36. This is comparable to the rest of the industry: CPNG outperforms 42.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 1.53
Altman-Z 4.62
ROIC/WACC0.57
WACC9.25%
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 Current ratio of 1.16. This is in the lower half of the industry: CPNG underperforms 78.57% of its industry peers.
A Quick Ratio of 0.90 indicates that CPNG may have some problems paying its short term obligations.
CPNG's Quick ratio of 0.90 is on the low side compared to the rest of the industry. CPNG is outperformed by 71.43% 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

The earnings per share for CPNG have decreased strongly by -34.62% in the last year.
The Revenue has grown by 20.88% in the past year. This is a very strong growth!
Measured over the past years, CPNG shows a very strong growth in Revenue. The Revenue has been growing by 36.99% on average per year.
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

The Earnings Per Share is expected to grow by 54.92% on average over the next years. This is a very strong growth
CPNG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.20% yearly.
EPS Next Y89.98%
EPS Next 2Y106.1%
EPS Next 3Y85.14%
EPS Next 5Y54.93%
Revenue Next Year13.31%
Revenue Next 2Y14.61%
Revenue Next 3Y13.71%
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 2029 2030 2031 2032 0 1 -1 2

2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 180.53, the valuation of CPNG can be described as expensive.
CPNG's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.41. CPNG is valued rather expensively when compared to this.
CPNG is valuated quite expensively with a Price/Forward Earnings ratio of 45.16.
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 67.86% of the companies listed in the same industry.
CPNG is valuated rather expensively when we compare the Price/Forward Earnings ratio to 35.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 180.53
Fwd PE 45.16
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 60.71% 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 54.79
EV/EBITDA 47.74
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 85.14% in the coming years.
PEG (NY)2.01
PEG (5Y)N/A
EPS Next 2Y106.1%
EPS Next 3Y85.14%

0

5. Dividend

5.1 Amount

No dividends for CPNG!.
Industry RankSector Rank
Dividend Yield N/A

COUPANG INC

NYSE:CPNG (7/14/2025, 3:37:56 PM)

30.69

+0.61 (+2.03%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners63.52%
Inst Owner Change0%
Ins Owners0.61%
Ins Owner Change4.52%
Market Cap55.72B
Analysts80.95
Price Target30.95 (0.85%)
Short Float %1.26%
Short Ratio1.12
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)0.47%
PT rev (3m)1.8%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)-4.86%
EPS NY rev (1m)0.87%
EPS NY rev (3m)-30.83%
Revenue NQ rev (1m)0.41%
Revenue NQ rev (3m)1.24%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-0.35%
Valuation
Industry RankSector Rank
PE 180.53
Fwd PE 45.16
P/S 1.79
P/FCF 54.79
P/OCF 27.48
P/B 12.74
P/tB 13.4
EV/EBITDA 47.74
EPS(TTM)0.17
EY0.55%
EPS(NY)0.68
Fwd EY2.21%
FCF(TTM)0.56
FCFY1.83%
OCF(TTM)1.12
OCFY3.64%
SpS17.11
BVpS2.41
TBVpS2.29
PEG (NY)2.01
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 4.62
F-Score8
WACC9.25%
ROIC/WACC0.57
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 Y89.98%
EPS Next 2Y106.1%
EPS Next 3Y85.14%
EPS Next 5Y54.93%
Revenue 1Y (TTM)20.88%
Revenue growth 3Y18.03%
Revenue growth 5Y36.99%
Sales Q2Q%11.16%
Revenue Next Year13.31%
Revenue Next 2Y14.61%
Revenue Next 3Y13.71%
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