This company is touted to be the next Amazon.
Coupang's stock, despite strong performance and growth potential, saw a dip due to a slight drop in adjusted EBITDA margins and free cash flow burn in Q3 2024. Paying 31x forward free cash flow for Coupang is justified by its robust growth, especially in Developing Offerings, and a debt-free balance sheet with $4.2 billion in net cash. Coupang's diverse services, including grocery delivery and luxury products, enhance its appeal, with Developing Offerings growing 146% y/y excluding Farfetch.
Coupang (NYSE:CPNG ) Q3 2024 Earnings Call Transcript November 5, 2024 5:30 PM ET Company Participants Mike Parker - Vice President, Investor Relations Bom Kim - Chief Executive Officer and Chairman of the Board Gaurav Anand - Chief Financial Officer Conference Call Participants Eric Cha - Goldman Sachs Seyon Park - Morgan Stanley & Co. Stanley Yang - JPMorgan Securities Far East Ltd Jiong Shao - Barclays Capital, Inc. James Lee - Mizuho Securities USA LLC Operator Hello, everyone. My name is Krista, and I will be your conference operator today.
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.
Coupang stock slid late Tuesday, despite the South Korean e-commerce company's Q3 earnings and sales beating estimates. The post Coupang Stock Slides Despite E-Commerce Firm's Earnings Beat appeared first on Investor's Business Daily.
Coupang (CPNG) stock price has done well this year, rising by 56% since January, beating popular indices like the Nasdaq 100, S&P 500, and the Dow Jones. It has also outperformed other popular technology companies like Amazon and MercadoLibre.
Coupang (CPNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
I'm paying 30x forward free cash flow for Coupang, Inc.'s mature Product segment, but the Developing Offerings segment adds massive potential upside. Coupang's net cash position (9% of market cap) gives it flexibility to invest and grow, further de-risking my investment. With expected EBITDA of $2.5 billion from the Product segment alone, the valuation looks reasonable, but the fast-growing Developing Offerings make it even more compelling.
In the latest trading session, Coupang, Inc. (CPNG) closed at $25.05, marking a -0.32% move from the previous day.
Coupang (CPNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Coupang, Inc. (CPNG) concluded the recent trading session at $25.64, signifying a -0.23% move from its prior day's close.