2 Reasonably Priced Growth Stocks Billionaires Are Buying

Market Overview - Major market indexes are trading close to new highs, pushing valuations above historical norms, with the S&P 500's P/E ratio around 30, nearly double the historical average [1] Coupang - Coupang is South Korea's leading online retail company, attracting investment from billionaires like Howard Marks and Chase Coleman [2] - The stock rebounded last year with a 20% year-over-year revenue growth in Q3, excluding the acquisition of Farfetch, and 25% growth when excluding currency changes [3] - Coupang controls nearly 40% of South Korea's e-commerce market, projected to grow from $124 billion in 2023 to$182 billion by 2028, with active customer count reaching 22.5 million, up 11% year over year [4] - The company has expanded operations to Taiwan, Singapore, China, India, and Europe, indicating a need to prove its business model in other geographies [5] - The unique delivery system allows for rapid package delivery in densely populated areas, with significant investment in growth in Taiwan [6] - The stock's P/S multiple of 1.6 is lower than Amazon's early growth years, suggesting potential for excellent returns as the company grows [7] Skechers - Skechers is a top footwear brand growing earnings at double-digit rates, trading at just 16 times earnings, with new investment from Andreas Halvorsen of Viking Global Investors [8] - The company has achieved a 14% annualized revenue growth over the last decade, yet the stock has consistently traded at a P/E ratio under 20, which appears unjustified [8] - Recent quarterly sales grew 13% year over year, with earnings surging 26%, indicating a strong brand reputation for style, comfort, and quality at affordable prices [9] - The stock has faced recent declines due to potential U.S. tariffs on imports from China, impacting near-term earnings, but analysts expect 16% earnings growth in 2025 [11] - Viking Global anticipates that Skechers will successfully navigate tariffs by adjusting its supply chain, potentially leading to returns on par with earnings growth [12]