Professional
Added to YB: 2024-05-17
Pitch date: 2024-03-31
CPNG [bullish]
Coupang, Inc.
+43.75%
current return
Author Info
No bio for this author
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
$49.2B
Pitch Price
$17.83
Price Target
N/A
Dividend
N/A
EV/EBITDA
22.33
P/E
129.59
EV/Sales
1.39
Sector
Broadline Retail
Category
growth
Baron Fifth Avenue Growth Fund New Position: Coupang, Inc.
CPNG: Korean ecommerce leader with strong Q4 - rev +20% CC (29% ex accounting change), customer +16%, Wow members +27%, existing cohorts spending +15%+ (wallet share gains). Commerce segment adj EBITDA margin 7.1% (+190bps YoY). Investing profits in FLC, Taiwan (rev 2x in 6mo), Coupang Eats (order vol 2x in 9mo). 58% Wow price hike to boost bottom line, stock +20%.
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