How Good Has Coupang (CPNG) Stock Actually Been?

Core Insights - Coupang is a growing e-commerce company with a strong presence in South Korea and expanding operations in Taiwan, capitalizing on significant growth opportunities across Asia [1][5] Financial Performance - The company's revenue grew 18% year over year in the recent quarter, with trailing-12-month revenue reaching $34 billion, a 16% increase from the previous year [5] - Free cash flow has improved to over $1.25 billion on a trailing-12-month basis, a significant turnaround from negative free cash flow reported in 2022 [6] Market Position and Valuation - Following a decline of 45% in stock price over the past five years, the stock has increased by 20% in the last year, slightly outperforming the S&P 500's 16% gain [2] - The stock is currently trading at 39 times its trailing-12-month free cash flow, but this multiple is projected to drop to 16 based on 2029 estimates [11] Growth Potential - Analysts expect Coupang's revenue to grow at an annualized rate of 10% through 2029, potentially reaching $48 billion, with non-retail services like the Rocket WOW membership program expected to enhance profitability [10] - The company is showing early success in Taiwan, with operations mirroring its growth pattern in South Korea, indicating substantial growth potential in new Asian markets [7]