Coupang(CPNG)
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Coupang, Inc. (CPNG) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-01-15 00:01
Coupang, Inc. (CPNG) closed at $21.97 in the latest trading session, marking a +0.78% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.12%. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq lost 0.23%.The the stock of company has fallen by 7.63% in the past month, lagging the Retail-Wholesale sector's loss of 4.43% and the S&P 500's loss of 3.45%.The upcoming earnings release of Coupang, Inc. will be of great interest to investors. It is anticipated that ...
Coupang's Growth Story Persists Amid South Korean Market Unrest
Seeking Alpha· 2024-12-03 21:56
Coupang, Inc. (NYSE: CPNG ) stock, termed “the Amazon of South Korea,” dropped today along with most South Korean stocks. The declaration of martial law (now in doubt ) by South Korean President Yoon Suk Yeol, evenDriven by the need to uncover what everyone else is overlooking, bet on it, and be right. I tend to look for contrarian, under-appreciated and misunderstood stocks with characteristics of value or growth at a reasonable price. My personal investment strategies employ individual stocks, stock optio ...
Coupang's Emerging Opportunities: A Compelling Case For Investment
Seeking Alpha· 2024-12-03 07:44
Anyone who purchased Coupang (NYSE: CPNG ) near the time of its Initial Public Offering ("IPO") on March 10, 2021 has likely been highly disappointed in the stock's performance and regretted the day they bought it. The stock is down nearly 50% since theI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, ...
Is Most-Watched Stock Coupang, Inc. (CPNG) Worth Betting on Now?
ZACKS· 2024-11-12 15:05
Coupang, Inc. (CPNG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Internet - Commerce industry, to which Coupang belongs, has gained 6.4% over this period. Now the key question is: Where could the stock be headed in the near term?While media ...
Billionaires Bill Gates & Stanley Druckenmiller Love This Growth Stock. Should You?
The Motley Fool· 2024-11-06 17:18
This company is touted to be the next Amazon.In today's video, I will talk about Coupang's (CPNG -12.05%) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 5, 2024. The video was published on Nov. 5, 2024. ...
Coupang(CPNG) - 2024 Q3 - Quarterly Report
2024-11-06 13:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 001-40115 COUPANG, INC. (Exact name of Registrant as specified in its charter) Delaware 27-2810505 (State or other jur ...
Coupang Earnings: There's A Lot To Like Here
Seeking Alpha· 2024-11-06 09:28
Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...
Coupang(CPNG) - 2024 Q3 - Earnings Call Transcript
2024-11-06 01:21
Financial Data and Key Metrics - Constant currency revenues grew 32% YoY, or 25% excluding Farfetch, marking another quarter of at least 20% growth [7] - Active customers in Product Commerce grew 11% YoY, driven by increased spend from existing customers [7] - Gross profit reached $2.3 billion, a 45% YoY increase, with a gross profit margin of 28.8% [16] - Adjusted EBITDA for Q3 was $343 million, with a margin of 4.4% [19] - Net income attributable to Coupang stockholders was $70 million, with diluted earnings per share of $0.04 [18] Business Line Data and Key Metrics - Product Commerce segment revenues grew 16% YoY, or 20% in constant currency [14] - Developing Offerings segment revenues grew nearly 350% YoY, or over 350% in constant currency [16] - FLC (Fulfillment and Logistics by Coupang) saw growth in units, sellers, and overall volumes, each growing over 130% YoY [10] Market Data and Key Metrics - Total retail spend in Korea was relatively flat YoY, while Coupang's Product Commerce segment grew revenues at 16% YoY [14] - Eats Taiwan and Farfetch showed strong momentum, with Farfetch achieving near break-even profitability [11][24] Company Strategy and Industry Competition - The company focuses on breaking trade-offs between selection and service, aiming to provide the best customer experience [5][9] - Investments in technology and infrastructure are being made to build a stronger foundation for future scalability [17][29] - The company sees a massive runway for growth in Korea, as it represents a small portion of the total commerce spend [14] Management Commentary on Operating Environment and Future Outlook - Management emphasized the importance of customer WOW and operational excellence in capturing future opportunities [12] - The company expects to generate leverage on technology investments, leading to declining OG&A as a percentage of revenue over time [17][29] - Long-term margin guidance for adjusted EBITDA is over 10%, with confidence in expanding margins annually [19][32] Other Important Information - The company launched R.Lux, a luxury offering, providing customers with access to in-demand luxury beauty brands [9] - WOW membership program continues to drive higher engagement, with WOW members spending 2.5x more than new members [8] Q&A Session Summary Question: Developing Offerings Loss Trend and Farfetch Profitability [22][23] - The loss in Developing Offerings decreased due to improvements in Eats and Farfetch, with Farfetch achieving near break-even profitability [24] - Synergies between Coupang and Farfetch will be assessed next year [24] Question: OG&A Cost and FLC Growth [27][28] - The increase in OG&A cost is due to timing of technology and infrastructure investments, not a structural change [29] - FLC growth in units, sellers, and volumes each grew over 130% YoY [30] Question: Product Commerce Margin and Developing Offerings Loss Guidance [31] - Product Commerce margin saw quarterly fluctuations but long-term margin guidance remains over 10% [32] - More updates on Developing Offerings loss guidance for 2025 will be shared in the upcoming quarter [33] Question: Technology Investments and Ad Take Rate [34][36] - Technology investments are not capitalized, and the company expects to generate leverage on these investments over time [35] - Ad take rate continues to be an important area of investment, though it remains a small percentage of overall transaction volume [38] Question: Eats Efficiency and Taiwan Market Progress [40] - Eats saw improved losses due to increased efficiency, with a focus on providing more choice and service [41] - Taiwan market progress is still early, with momentum and operational efficiencies being leveraged from Korea [42]
Coupang, Inc. (CPNG) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-05 23:40
Coupang, Inc. (CPNG) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.07, delivering a surprise of 600%.Over the last four quarters, the company has su ...
Coupang(CPNG) - 2024 Q3 - Quarterly Results
2024-11-05 21:06
Revenue Growth - Net revenues of $7.9 billion, up 27% YoY and 32% on an FX-neutral basis[2] - Developing Offerings segment net revenues were $975 million, up 347% YoY on a reported basis and 356% on an FX-neutral basis[3] - Product Commerce segment net revenues were $6.9 billion, up 16% YoY on a reported basis and 20% on an FX-neutral basis[3] - Net retail sales for Q3 2024 increased to $6,140 million, up 15.5% from $5,315 million in Q3 2023[14] - Total net revenues for Q3 2024 reached $7,866 million, a 27.2% increase from $6,184 million in Q3 2023[14] - Total net revenues for Q3 2024 were $7.866 billion, representing a 27% year-over-year growth, and 32% on a constant currency basis[26] - Net retail sales grew 16% year-over-year to $6.140 billion in Q3 2024, and 20% on a constant currency basis[26] - Net other revenue surged 99% year-over-year to $1.726 billion in Q3 2024, and 105% on a constant currency basis[26] - Consolidated total net revenues including Farfetch reached $7,866 million, with a year-over-year growth of 27% on a reported basis and 32% on a constant currency basis[35] - Total net revenues excluding Farfetch were $7,427 million, showing a year-over-year growth of 20% on a reported basis and 25% on a constant currency basis[35] - Developing offerings net revenues excluding Farfetch were $536 million, reflecting a year-over-year growth of 146% on a reported basis and 155% on a constant currency basis[39] Profitability - Gross profit increased 45% YoY to $2.3 billion, with a gross profit margin of 28.8%, up 350 bps YoY[3] - Adjusted EBITDA for the quarter was $343 million with a margin of 4.4%, up 50 bps from last year[3] - Product Commerce segment gross profit margin improved to 30.0% in Q3 2024 from 27.1% in Q3 2023[30] - Developing Offerings segment gross profit margin turned positive at 20.6% in Q3 2024, compared to -24.6% in Q3 2023[30] - Adjusted EBITDA for Q3 2024 was $343 million, with an Adjusted EBITDA margin of 4.4%, up from 3.9% in Q3 2023[29] - Gross profit excluding Farfetch was $2,086 million, with a gross profit margin of 28.1%, up from 25.3% in the previous year[36] - Adjusted EBITDA excluding Farfetch stood at $345 million, with an adjusted EBITDA margin of 4.6%, compared to 3.9% in the previous year[37] Customer Metrics - Product Commerce Active Customers reached 22.5 million, growing 11% YoY[3] - Product Commerce Active Customers grew to 22.5 million in Q3 2024, an 11% increase from 20.2 million in Q3 2023[22] - Net revenues per Product Commerce Active Customer rose to $307 in Q3 2024, up 4% from $296 in Q3 2023[22] Cash Flow and Financial Position - Operating cash flow for the trailing twelve months was $1.8 billion, a decrease of $805 million YoY[3] - Free cash flow was $935 million for the trailing twelve months, a decrease of $920 million YoY[3] - Cash and cash equivalents increased to $5,822 million as of September 30, 2024, up from $5,243 million at the end of 2023[16] - Total assets grew to $16,342 million as of September 30, 2024, compared to $13,346 million at the end of 2023[16] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1,210 million, down from $2,043 million in the same period of 2023[18] - Purchases of property and equipment for the nine months ended September 30, 2024, totaled $665 million, slightly up from $662 million in the same period of 2023[18] - Long-term debt increased to $1,194 million as of September 30, 2024, up from $529 million at the end of 2023[16] - Outstanding common stock and equity-based awards totaled 1,875 million as of September 30, 2024, up from 1,850 million at the end of 2023[19] - Free cash flow for Q3 2024 was -$42 million, compared to $536 million in Q3 2023[27] Net Income and Earnings - Net income attributable to Coupang stockholders was $70 million, a decrease of $21 million from last year[3] - Developing Offerings segment adjusted EBITDA was negative $127 million, a decrease of $34 million YoY and $73 million QoQ[3] - Adjusted net income attributable to Coupang stockholders was $108 million in Q3 2024, up from $91 million in Q3 2023[31] - Adjusted diluted earnings per share increased to $0.06 in Q3 2024 from $0.05 in Q3 2023[32] Segment Performance - Product Commerce segment net revenues were $6.9 billion, up 16% YoY on a reported basis and 20% on an FX-neutral basis[3] - Developing Offerings segment net revenues were $975 million, up 347% YoY on a reported basis and 356% on an FX-neutral basis[3] - Developing Offerings segment adjusted EBITDA was negative $127 million, a decrease of $34 million YoY and $73 million QoQ[3] - Product Commerce segment gross profit margin improved to 30.0% in Q3 2024 from 27.1% in Q3 2023[30] - Developing Offerings segment gross profit margin turned positive at 20.6% in Q3 2024, compared to -24.6% in Q3 2023[30] - Developing offerings net revenues excluding Farfetch were $536 million, reflecting a year-over-year growth of 146% on a reported basis and 155% on a constant currency basis[39]