Added to YB: 2026-08-10
Pitch date: 2026-08-06
CPNG [neutral]
Coupang, Inc.
Author Info
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Company Info
Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally.
Market Cap
$29.4B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
35.56
P/E
-38.24
EV/Sales
0.82
Sector
Broadline Retail
Category
growth
Coupang: 2Q26 Business Recap
CPNG (earnings): 2Q26 Product Commerce rev +8% cc (customer spend +16%; gap=unrecovered churned users from data leak). Active customers +3% y/y, back to pre-leak levels. GAAP rev +4% vs +10% cc (weak Won). Product Commerce GM 30.5% (-210bps) on promos & overbuilt capacity. Developing +24% (Taiwan, Eats, Farfetch). $246mn fire loss (insured), $410mn regulatory fine (appealing), $459mn buyback. 3Q guide 8-9% cc; headwind lingers to 1Q27, margins to mid-2027. At $16, EV $26.3b = 12x mature Product Commerce NOPAT ($2.2bn), free optionality on Taiwan/Eats/Japan.
Read full article (3 min)