(CPNG) Coupang - Overview

Sector: Consumer Cyclical | Industry: Internet Retail | Exchange: NYSE (USA) | Market Cap: 33.072m USD | Total Return: -15.7% in 12m

Stock Retail, Groceries, Delivery, Streaming, Fintech
Total Rating 31
Risk 60
Buy Signal -0.61
Internet Retail +6.7
Broadline Retail +10.4
Market Cap: 33,072m
Avg Trading Vol: 431M USD
ATR: 4.92%
Peers RS (IBD): 8.3
Risk 5d forecast
Volatility54.8%
Rel. Tail Risk-23.7%
Reward TTM
Sharpe Ratio-0.28
Alpha-28.43
Character TTM
Beta0.610
Beta Downside0.311
Drawdowns 3y
Max DD49.93%
CAGR/Max DD0.10
EPS (Earnings per Share) EPS (Earnings per Share) of CPNG over the last years for every Quarter: "2021-03": -0.68, "2021-06": -0.13, "2021-09": -0.19, "2021-12": -0.23, "2022-03": -0.12, "2022-06": -0.04, "2022-09": 0.05, "2022-12": 0.06, "2023-03": 0.05, "2023-06": 0.08, "2023-09": 0.05, "2023-12": 0.08, "2024-03": 0.05, "2024-06": -0.04, "2024-09": 0.06, "2024-12": 0.04, "2025-03": 0.05, "2025-06": 0.02, "2025-09": 0.05, "2025-12": -0.01,
EPS CAGR: 130.74%
EPS Trend: 25.2%
Last SUE: -1.84
Qual. Beats: 0
Revenue Revenue of CPNG over the last years for every Quarter: 2021-03: 4206.86, 2021-06: 4478.114, 2021-09: 4644.705, 2021-12: 5076.693, 2022-03: 5116.686, 2022-06: 5037.821, 2022-09: 5101.334, 2022-12: 5327.159, 2023-03: 5801, 2023-06: 5838, 2023-09: 6184, 2023-12: 6560, 2024-03: 7114, 2024-06: 7323, 2024-09: 7866, 2024-12: 7965, 2025-03: 7908, 2025-06: 8524, 2025-09: 9267, 2025-12: 8835,
Rev. CAGR: 15.68%
Rev. Trend: 98.7%
Last SUE: -2.32
Qual. Beats: 0
Risks
Fundamental:

P/E ratio: 164.4545

Description: CPNG Coupang

Coupang (NYSE: CPNG) operates a diversified e-commerce platform across South Korea and several international markets, split between a Product Commerce segment-covering its core marketplace, the Rocket Fresh grocery line, and advertising services-and a Developing Offerings segment that includes Coupang Eats, Coupang Play, fintech solutions, and the Farfetch luxury marketplace.

In FY 2025 the company reported $23.1 billion in net sales, a 14% year-over-year increase, driven by a 22% rise in active shoppers to 21.8 million and a 19% growth in Gross Merchandise Volume (GMV) across its marketplace and Fresh divisions. Adjusted EBITDA margin expanded to 6.8%, reflecting continued improvements in logistics automation and higher-margin advertising revenue.

Key economic drivers include South Korea’s sustained 4-5% annual growth in online consumer spending, rising demand for same-day delivery, and a favorable regulatory environment for fintech expansion. At the sector level, broader broadband retail trends-such as the shift toward integrated “shopping-plus-entertainment” ecosystems-are accelerating cross-selling opportunities for Coupang’s developing offerings.

For a deeper quantitative view, consider reviewing ValueRay’s analyst toolkit.

Headlines to Watch Out For
  • Korean e-commerce market share growth drives revenue
  • Rocket Fresh grocery expansion boosts sales
  • Coupang Eats delivery service faces competition
  • Farfetch acquisition impacts profitability
  • Global expansion efforts increase operating costs
Piotroski VR‑10 (Strict) 6.0
Net Income: 208.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.72 > 1.0
NWC/Revenue: 0.97% < 20% (prev 4.22%; Δ -3.26% < -1%)
CFO/TA 0.10 > 3% & CFO 1.72b > Net Income 208.0m
Net Debt (-1.68b) to EBITDA (683.0m): -2.46 < 3
Current Ratio: 1.04 > 1.5 & < 3
Outstanding Shares: last quarter (1.85b) vs 12m ago 0.98% < -2%
Gross Margin: 29.37% > 18% (prev 0.29%; Δ 2.91k% > 0.5%)
Asset Turnover: 208.5% > 50% (prev 197.3%; Δ 11.21% > 0%)
Interest Coverage Ratio: 7.94 > 6 (EBITDA TTM 683.0m / Interest Expense TTM 86.0m)
Altman Z'' -0.69
A: 0.02 (Total Current Assets 9.69b - Total Current Liabilities 9.36b) / Total Assets 17.79b
B: -0.23 (Retained Earnings -4.02b / Total Assets 17.79b)
C: 0.04 (EBIT TTM 683.0m / Avg Total Assets 16.57b)
D: -0.33 (Book Value of Equity -4.40b / Total Liabilities 13.16b)
Altman-Z'' Score: -0.69 = B
Beneish M -3.43
DSRI: 0.78 (Receivables 363.0m/407.0m, Revenue 34.53b/30.27b)
GMI: 0.99 (GM 29.37% / 29.18%)
AQI: 0.60 (AQ_t 0.06 / AQ_t-1 0.10)
SGI: 1.14 (Revenue 34.53b / 30.27b)
TATA: -0.09 (NI 208.0m - CFO 1.72b) / TA 17.79b)
Beneish M-Score: -3.43 (Cap -4..+1) = AA
What is the price of CPNG shares? As of April 03, 2026, the stock is trading at USD 18.88 with a total of 23,866,009 shares traded.
Over the past week, the price has changed by +3.16%, over one month by -4.44%, over three months by -18.91% and over the past year by -15.74%.
Is CPNG a buy, sell or hold? Coupang has received a consensus analysts rating of 4.24. Therefore, it is recommended to buy CPNG.
  • StrongBuy: 8
  • Buy: 6
  • Hold: 2
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the CPNG price?
Wallstreet Target Price 27.3 44.4%
Analysts Target Price 27.3 44.4%
CPNG Fundamental Data Overview as of 30 March 2026
P/E Trailing = 164.4545
P/E Forward = 35.3357
P/S = 0.9577
P/B = 7.1538
P/EG = 0.4477
Revenue TTM = 34.53b USD
EBIT TTM = 683.0m USD
EBITDA TTM = 683.0m USD
Long Term Debt = 648.0m USD (from longTermDebt, last quarter)
Short Term Debt = 1.50b USD (from shortTermDebt, last quarter)
Debt = 4.63b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.68b USD (from netDebt column, last quarter)
Enterprise Value = 31.39b USD (33.07b + Debt 4.63b - CCE 6.32b)
Interest Coverage Ratio = 7.94 (Ebit TTM 683.0m / Interest Expense TTM 86.0m)
EV/FCF = 62.09x (Enterprise Value 31.39b / FCF TTM 505.5m)
FCF Yield = 1.61% (FCF TTM 505.5m / Enterprise Value 31.39b)
FCF Margin = 1.46% (FCF TTM 505.5m / Revenue TTM 34.53b)
Net Margin = 0.60% (Net Income TTM 208.0m / Revenue TTM 34.53b)
Gross Margin = 29.37% ((Revenue TTM 34.53b - Cost of Revenue TTM 24.39b) / Revenue TTM)
Gross Margin QoQ = 28.79% (prev 29.35%)
Tobins Q-Ratio = 1.76 (Enterprise Value 31.39b / Total Assets 17.79b)
Interest Expense / Debt = 0.35% (Interest Expense 16.0m / Debt 4.63b)
Taxrate = 21.0% (US default 21%)
NOPAT = 539.6m (EBIT 683.0m * (1 - 21.00%))
Current Ratio = 1.04 (Total Current Assets 9.69b / Total Current Liabilities 9.36b)
Debt / Equity = 1.00 (Debt 4.63b / totalStockholderEquity, last quarter 4.62b)
Debt / EBITDA = -2.46 (Net Debt -1.68b / EBITDA 683.0m)
Debt / FCF = -3.33 (Net Debt -1.68b / FCF TTM 505.5m)
Total Stockholder Equity = 4.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.26% (Net Income 208.0m / Total Assets 17.79b)
RoE = 4.52% (Net Income TTM 208.0m / Total Stockholder Equity 4.61b)
RoCE = 13.00% (EBIT 683.0m / Capital Employed (Equity 4.61b + L.T.Debt 648.0m))
RoIC = 8.50% (NOPAT 539.6m / Invested Capital 6.34b)
WACC = 7.16% (E(33.07b)/V(37.71b) * Re(8.13%) + D(4.63b)/V(37.71b) * Rd(0.35%) * (1-Tc(0.21)))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.43%
[DCF] Terminal Value 74.71% ; FCFF base≈706.1m ; Y1≈463.6m ; Y5≈212.0m
[DCF] Fair Price = 3.98 (EV 4.97b - Net Debt -1.68b = Equity 6.65b / Shares 1.67b; r=7.16% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 25.18 | EPS CAGR: 130.7% | SUE: -1.84 | # QB: 0
Revenue Correlation: 98.72 | Revenue CAGR: 15.68% | SUE: -2.32 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.04 | Chg7d=+0.040 | Chg30d=+0.040 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.16 | Chg7d=+0.000 | Chg30d=-0.104 | Revisions Net=-2 | Growth EPS=+33.1% | Growth Revenue=+10.3%
EPS next Year (2027-12-31): EPS=0.57 | Chg7d=-0.013 | Chg30d=-0.141 | Revisions Net=-5 | Growth EPS=+257.7% | Growth Revenue=+13.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 7.5% (Discount Rate 8.1% - Earnings Yield 0.6%)
[Growth] Growth Spread = +2.9% (Analyst 10.4% - Implied 7.5%)
External Resources
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