COUPANG Sees 15.9% Revenue Growth and Positive Net Income in Q2 FY2023
August 11, 2023
☀️Earnings Overview
COUPANG ($NYSE:CPNG) declared a total revenue of USD 5837.9 million for the second quarter of FY2023, which ended on June 30 2023 – a 15.9% year-on-year increase. Net income for this period was reported as USD 145.2 million, an increase from the -75.5 million in the same period in the previous fiscal year.
Analysis
GoodWhale has conducted an analysis of COUPANG‘s fundamentals. The Star Chart tool shows that COUPANG is strong in growth, while it has a medium rating in asset, profitability and dividend. Its health score is 5/10, which suggests that it is likely to pay off its debt and fund future operations. COUPANG is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors seeking higher returns, such as aggressive investors with higher risk tolerance. However, it is important to note that investing in such companies come with higher risks, and investors should do their due diligence before investing. More…
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% |
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, a South Korean e-commerce company, has reported strong results in the second quarter of FY2023, ending June 30 2023. Total revenue grew to USD 5837.9 million, a 15.9% increase year-on-year, while net income was up significantly to USD 145.2 million from negative -75.5 million in the same period last year. This is very positive news for investors in COUPANG, who can expect strong returns likely to continue over the year. With their innovative business model and growing customer base, COUPANG is well-positioned for future success.
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