Coupang Intrinsic Value – COUPANG Reports Third Quarter FY2023 Financial Results on November 7
November 27, 2023
🌥️Earnings Overview
On November 7 2023, COUPANG ($NYSE:CPNG) released their financial results for the third quarter of FY2023, which ended on September 30 2023. The company’s total revenue was USD 6183.6 million, showing a year-over-year increase of 21.2%. Net income for the period was USD 91.3 million, indicating a 0.7% growth compared to the same period last year.
Price History
COUPANG, a leading e-commerce company in South Korea, reported its financial results for the third quarter of fiscal year 2023 on Tuesday, November 7. On the day, COUPANG stock opened at $16.6 and closed at $17.1, representing a 2.2% increase from its previous closing price of 16.7. COUPANG’s third quarter performance demonstrates its commitment to providing excellent services and products to customers. COUPANG’s metrics demonstrate its success in attracting and retaining customers as well as its ability to monetize them effectively.
COUPANG’s performance further highlights the company’s potential for continued growth and success in the coming quarters. With its focus on customer experience and operational efficiency, COUPANG is well poised to continue delivering strong results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coupang. More…
| Total Revenues | Net Income | Net Margin |
| 23.15k | 429.41 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coupang. More…
| Operations | Investing | Financing |
| 2.62k | -793.51 | 382.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coupang. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.56k | 8.63k | 1.64 |
Key Ratios Snapshot
Some of the financial key ratios for Coupang are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 48.6% | – | 2.4% |
| FCF Margin | ROE | ROA |
| 7.9% | 12.0% | 3.0% |
Analysis – Coupang Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of COUPANG‘s financials, and our assessment is that the intrinsic value of COUPANG share is around $26.6. This estimation is based on our proprietary Valuation Line, which weighs up a range of factors such as historical returns, expected dividend payouts and future growth outlook. Currently, COUPANG stock is traded at $17.1, which suggests that it is undervalued by 35.6%. Therefore, we recommend investors to take advantage of the current low price and invest in COUPANG stock. With its strong fundamentals and attractive potential upside, COUPANG could be a valuable addition to any investor’s portfolio. More…
Peers
Coupang Inc is an e-commerce company headquartered in Seoul, South Korea. The company was founded in 2010 by Kim Beom-su and operates in South Korea, China, and the United States. Coupang is one of the largest e-commerce companies in South Korea, with a market share of 76.5% as of 2019. The company has been compared to Amazon.com, MercadoLibre, and Alibaba Group.
– Amazon.com Inc ($NASDAQ:AMZN)
Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has a market cap of 1.19T as of 2022 and a Return on Equity of 6.04%. Amazon was founded by Jeff Bezos in 1994, and it has since grown to become one of the largest online retailers in the world. The company also manufactures and sells electronic consumer goods under its own brand, as well as under other brands. Amazon has also developed a number of other businesses, including Amazon Web Services, Amazon Prime, and Amazon Studios.
– MercadoLibre Inc ($NASDAQ:MELI)
MercadoLibre Inc is an online commerce company that operates in 18 countries in Latin America. It offers online marketplaces for buyers and sellers, and also provides e-commerce and payment services. MercadoLibre has over 300 million registered users and handles over 8 million transactions per day.
MercadoLibre has a market capitalization of $41.05 billion as of 2022 and a return on equity of 25.21%. The company has seen strong growth in recent years, driven by the growing popularity of online shopping in Latin America. MercadoLibre is well-positioned to continue this growth, given its large user base, leading market position, and strong financial performance.
– Alibaba Group Holding Ltd ($SEHK:09988)
Alibaba Group Holding Ltd is a public company that operates in the e-commerce industry, with a market capitalization of 1.54 trillion as of 2022. The company has a return on equity of 4.15%. Alibaba Group Holding Ltd was founded in 1999 and is headquartered in Hangzhou, China. The company operates a platform that enables businesses and consumers to connect and transact. Alibaba Group Holding Ltd also provides data-driven insights and technology to businesses and developers.
Summary
COUPANG recently reported strong financial results for the third quarter of FY2023, with total revenue increasing by 21.2% year-over-year to USD 6183.6 million. Net income was up only slightly from last year, increasing 0.7% to USD 91.3 million. This performance indicates that COUPANG is still growing rapidly and could be a good investment for those looking for good long-term returns. With the company’s impressive growth rate and strong financials, investors should keep an eye on COUPANG as the company looks to continue its success into the future.
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