Coupang Q4 2023 Earnings: Healthy Top-Line Growth, Intensifying Competition, A Big Question On The Recent Acquisition

Sundry Photography Recap In our last article on Coupang (NYSE:CPNG), we highlighted Coupang's strong position in logistics as a key factor in driving its market share growth. Additionally, we observed robust growth in Taiwan, surpassing the growth seen in South Korea post-Rocket launch. Yet, we believe that Coupang's stock was trading within its fair value at $18 per share, which was derived from a 10-year DCF valuation model (12% WACC, 3.5% terminal growth). Data by YCharts Since our article was publis ...