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Coupang is known as the Amazon of South Korea. Is it a buy?
#shorts #stocks #investing #overlookedalpha #coupangstock #stockstobuy
Coupang is known as the Amazon of South Korea. Is it a buy?
#shorts #stocks #investing #overlookedalpha #coupangstock #stockstobuy
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00:00 Should you buy Coupang stock? Founded in 2010, e-commerce business Coupang
00:04 is known as the Amazon of South Korea. However, shares have fallen sharply this year taking
00:08 the company's market cap to $35 billion. With $2.9 billion of cash, the enterprise
00:13 value is roughly $33 billion. Revenue over the last 12 months is $20.4 billion, net income
00:19 is -$600 million and adjusted EBITDA is -$115 million. So the stock is valued at around
00:26 1.6 times revenue and it's not profitable on a trailing 12-month basis.
00:30 However, Coupang did post a profit in its latest quarter with $90.7 million of net income
00:35 and $195 million in adjusted EBITDA in Q3. That's an EBITDA margin of 3.8%.
00:41 The company is also growing fast. Revenues have compounded at more than 50% over the
00:45 last 4 years and were up 10% in Q3 after currency conversions.