CPNG - Coupang: Buy In For The Growth Momentum And Flywheel Effect
2024-04-02 23:57:56 ET
Summary
- Coupang's positive momentum continues, with accelerated growth in all metrics and a sustainable trajectory for the future.
- The company's development offering in Taiwan is showing promising results, with significant revenue growth and potential for profitability.
- Despite a 16% increase in stock price, CPNG is still considered fairly valued, with a reasonable forward price-to-earnings ratio and strong earnings growth projections.
Introduction
In my previous article written on December 11th, I had a buy rating on Coupang ( CPNG ). At the time, I viewed the company's growing positive momentum favorably. It was becoming clearer that Coupang had taken the lead over numerous other e-commerce competitors in Korea. The company's financial metrics involving both top and bottom lines were seeing significant growth. Further, I viewed the Korean macroeconomic condition favorably believing that it could provide Coupang with a meaningful tailwind in 2024 due to the expected stronger growth relative to 2023. Today, I continue to stand by these bullish reasonings....
Coupang: Buy In For The Growth Momentum And Flywheel Effect