CPNG - Coupang's Leap: Rocket Delivery And Farfetch Deal Fuel E-Commerce Surge
2024-04-09 07:12:17 ET
Summary
- Coupang is an e-commerce company with strong growth in active customers and revenue, primarily operating in South Korea.
- The company offers a diverse product portfolio, including Rocket Delivery, Quick Commerce, Rocket Fresh, Coupang Eats, Coupang Play, and Coupang Pay.
- Coupang's acquisition of Farfetch is expected to drive revenue synergies and expand its presence in the luxury fashion industry.
Thesis
Coupang, Inc. ( CPNG ) was incorporated in 2010 and is an e-commerce company headquartered in Seattle, WA. CPNG’s IPO date was March 11, 2021, and it began trading at $63.50 per stock, giving CPNG a market cap of $102.2. As of April 3, 2024, the stock price was $18.56 and is down over 70% from all-time highs, mainly attributed to high losses and low margins. But, I think things are changing. With strong year-over-year active customer growth, CPNG’s revenue has doubled, and, in 2023, the company reported positive operating margins for the first time. Overall. I see CPNG positioned for continued growth as the company heavily invests in its long-term strategic growth, incorporating its logistics infrastructure investments and its recent 2024 acquisition of Farfetch, which I believe will further drive profits moving forward....
Coupang's Leap: Rocket Delivery And Farfetch Deal Fuel E-Commerce Surge