COUPANG Reports Second Quarter FY2023 Financial Results on June 30, 2023
August 17, 2023
🌥️Earnings Overview
COUPANG ($NYSE:CPNG) revealed its financial results for the second quarter of FY2023 on June 30, 2023. Total revenue increased 15.9% year-over-year to USD 5837.9 million while net income rose to USD 145.2 million, compared to a loss of -75.5 million in the same period of the previous year.
Price History
The stock opened at $17.8 and closed at $17.9, a slight decrease of 0.6% from the previous closing price of $18.0. This decrease could have been due to some investors having doubts about the performance of the company or market conditions in general. Overall, COUPANG reported solid financial results for the second quarter of FY2023, which reinforces investor confidence in the company’s future prospects. 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 |
| 22.07k | 428.79 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coupang. More…
| Operations | Investing | Financing |
| 1.96k | -930.68 | 495.36 |
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 |
| 10.69k | 7.91k | 1.56 |
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 |
| 4.9% | 12.2% | 3.0% |
Analysis
At GoodWhale, we’ve analyzed COUPANG‘s financials to give investors an overview of the company’s health. According to our Star Chart, COUPANG has an intermediate health score of 5 out of 10 considering its cashflows and debt. This means the company is likely to sustain future operations in times of crisis. We have classified COUPANG as a ‘cheetah’ company, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors may be interested in this type of company, as they can potentially receive high returns on their investments. On the other hand, COUPANG is strong in growth, medium in asset, profitability and weak in dividend. Investors should keep this in mind when considering whether or not to invest in this company. 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
Investors should take a closer look at COUPANG, the South Korean online retail giant, after their FY2023 second quarter financial results were reported on June 30th. Total revenue came in at USD 5837.9 million, a year-over-year increase of 15.9%, while net income was reported at USD 145.2 million, compared to a loss of -75.5 million in the same period last year. This indicates that the company is heading in the right direction and is likely to continue to experience sustained growth in the coming quarters. With a strong leadership team and innovative offerings, COUPANG is a great investment opportunity for those looking for long-term returns.
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