Coupang, Inc. Financial Ratios — CPNG Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	-4.01	41.83	3.76	4.77
Return on Assets (%)	- -	- -	-11.16	-22.51	-1.01	11.9	1.07	1.26
Return on Capital (%)	- -	- -	- -	- -	- -	- -	3.56	2.73
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	0.83	1.98
Gross Margin (%)	4.67	16.47	16.6	16.03	22.88	25.39	29.18	29.37
EBITDA Margin (%)	-24.64	-9.1	-3.25	-7.02	0.58	3.07	2.87	2.87
Operating Margin (%)	-25.96	-10.23	-4.31	-8.12	-0.54	1.94	1.44	1.37
Incremental Operating Margin (%)	- -	18.49	2.21	- -	63.48	15.39	- -	0.87
Pretax Margin (%)	-27.02	-11.11	-3.87	-8.38	-0.45	2.4	1.56	1.73
Profit Margin (%)	-27.08	-11.11	-3.87	-8.38	-0.45	5.58	0.51	0.6
Net Income to Common Margin (%)	-27.08	-11.11	-3.87	-8.38	-0.45	5.58	0.51	0.6
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	86.05	64.15
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	-4.01	41.83	3.76	4.77

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	1,276	2,234	2,121	2,402	2,787	3,725	4,635
ST Debt	- -	112	431	637	630	871	967	1,505
LT Debt	- -	1,165	1,803	1,484	1,772	1,916	2,758	3,130
Total Debt/EBITDA	- -	-2.24	-5.75	-1.64	20.18	3.73	4.29	4.68
Net Debt/EBITDA	- -	0.77	0.22	2.21	-22.41	-5.65	-5	-4.76
Total Debt/EBIT	- -	-1.99	-4.33	-1.42	-21.45	5.89	8.54	9.8
Net Debt/EBIT	- -	0.68	0.16	1.91	23.81	-8.94	-9.97	-9.96
EBITDA to Interest Expense	-14.08	-5.89	-3.6	-28.73	4.41	15.58	6.21	11.51
EBITDA-CapEx/Interest Expense	-15.39	-8.14	-8.1	-43.71	-26.11	-3.08	-0.07	-3.03
EBIT to Interest Expense	-14.83	-6.62	-4.79	-33.2	-4.15	9.85	3.11	5.5
Interest Expense	71	97	108	45	27	48	140	86
Common Equity/Total Assets	- -	-109.38	-80.3	25.18	25.38	30.64	26.74	25.99
Long-Term Debt/Equity (%)	- -	- -	- -	68.22	73.41	46.86	67.24	67.7
Long-Term Debt/Capital (%)	- -	-51.63	-98.25	34.55	36.79	27.87	35.24	33.81
Long-Term Debt/Total Assets (%)	- -	36.07	35.57	17.18	18.63	14.36	17.97	17.6
Total Debt/Equity (%)	- -	-36.13	-54.91	97.48	99.5	68.16	90.81	100.26
Total Debt/Capital (%)	- -	-56.57	-121.77	49.36	49.88	40.53	47.59	50.06
Total Debt/Total Assets (%)	- -	39.52	44.09	24.54	25.25	20.88	24.28	26.06
Net Debt to Equity	- -	12.42	2.06	-131.21	-110.48	-103.42	-105.95	-101.88
Net Debt/Capital (%)	- -	12.61	2.72	-352.77	-204.06	-258.97	-223.1	-160.2
EBITDA	-999	-571	-388	-1,293	119	748	869	990
EBITDA-CapEx	-1,092	-789	-873	-1,967	-705	-148	-10	-261
Operating Income (Loss)	-1,052	-642	-516	-1,494	-112	473	436	473

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.65	0.34	0.74	0.69	0.75	0.76	0.68
Current Ratio	- -	1.15	0.76	1.19	1.15	1.14	1.17	1.04
Quick Ratio	- -	0.68	0.35	0.77	0.73	0.8	0.81	0.71
CFO/Avg Current Liab	- -	- -	0.11	-0.1	0.12	0.44	0.26	0.21
Common Equity/Total Assets	- -	-109.38	-80.3	25.18	25.38	30.64	26.74	25.99
Long-Term Debt/Equity (%)	- -	- -	- -	68.22	73.41	46.86	67.24	67.7
Long-Term Debt/Capital (%)	- -	-51.63	-98.25	34.55	36.79	27.87	35.24	33.81
Long-Term Debt/Total Assets (%)	- -	36.07	35.57	17.18	18.63	14.36	17.97	17.6
Total Debt/Equity (%)	- -	-36.13	-54.91	97.48	99.5	68.16	90.81	100.26
Total Debt/Capital (%)	- -	-56.57	-121.77	49.36	49.88	40.53	47.59	50.06
Total Debt/Total Assets (%)	- -	39.52	44.09	24.54	25.25	20.88	24.28	26.06
CFO/Total Liabilities	- -	-4.61	3.3	-6.36	7.96	28.65	16.78	13.47
CFO/CapEx	-7.44	-1.43	0.62	-0.61	0.69	2.96	2.15	1.42
Altman's Z-Score	- -	- -	- -	- -	- -	- -	4.26	3.77

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	177.15	149.27	114.56	97.92	83.96	89.7
Days Sales Outstanding	- -	- -	2.06	2.45	3.19	3.73	4.35	4.07
Inventory Turnover	- -	- -	11.13	11.97	10.31	10.95	11.39	11.2
Days Inventory Outstanding	- -	- -	32.78	30.5	35.4	33.33	32.05	32.58
Accounts Payable Turnover	- -	- -	4.67	4.95	4.56	4.17	4.11	4.14
Accounts Payable Turnover Days	- -	- -	78.11	73.75	80.04	87.44	88.9	88.11
Cash Conversion Cycle	- -	- -	-43.26	-40.81	-41.46	-50.38	-52.5	-51.45
Inventory to Cash Days	- -	- -	-30.72	-28.05	-32.21	-29.61	-27.71	-28.51
Inventories	- -	632	1,161	1,422	1,657	1,666	2,099	2,256
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	1,161	1,422	1,657	1,666	2,099	2,256
Other Inventory	- -	632	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	45,805	44,264
- Cash & Cash Equivalents	- -	1,222	1,251	3,488	3,509	5,243	5,879	6,318
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	-1	- -
+ Total Debt	- -	1,276	2,234	2,121	2,402	2,787	3,725	4,635
Enterprise Value	- -	- -	- -	- -	- -	- -	43,650	42,581
Total Capital	- -	-2,256	-1,835	4,297	4,816	6,876	7,827	9,258
Total Debt/Capital (%)	- -	-56.57	-121.77	49.36	49.88	40.53	47.59	50.06
Total Debt / EV	- -	- -	- -	- -	- -	- -	0.09	0.11
EV/Sales	- -	- -	- -	- -	- -	- -	1.44	1.23
EV/EBITDA	- -	- -	- -	- -	- -	- -	50.23	43.01
EV/EBIT	- -	- -	- -	- -	- -	- -	100.11	90.02
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	22.91	23.61
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	42.52	77.02
Diluted Market Cap	- -	- -	- -	- -	- -	- -	46,441	45,046
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	44,286	43,363
EV per Share	- -	- -	- -	- -	- -	- -	24.24	23.36
TTM Sales	4,054	6,273	11,967	18,406	20,583	24,383	30,268	34,534
TTM EBITDA	-999	-571	-388	-1,293	119	748	869	990
TTM Operating Income	-1,052	-642	-516	-1,494	-112	473	436	473
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	1,906	1,804
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	1,027	553

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	46.12	86.29
EV/EBIT	- -	- -	- -	- -	- -	- -	100.11	90.02
Enterprise Value	- -	- -	- -	- -	- -	- -	43,650	42,581
Low Price	- -	- -	- -	- -	- -	- -	14.12	22.41
EV/Sales	- -	- -	- -	- -	- -	- -	1.44	1.23
EV/EBITDA	- -	- -	- -	- -	- -	- -	50.23	43.01
Price/Earnings	- -	- -	- -	- -	- -	- -	296.28	212.25
Price/Earnings Average	- -	- -	- -	- -	- -	- -	252.01	256.92
Price/Earnings High	- -	- -	- -	- -	- -	- -	316.15	299.7
Price/Earnings Low	- -	- -	- -	- -	- -	- -	164.47	195.84
Price/Book Value	- -	- -	- -	- -	- -	- -	11.16	9.57
Price/Book Value Average	- -	- -	- -	- -	- -	- -	9.5	11.59
Price/Book Value High	- -	- -	- -	- -	- -	- -	11.91	13.52
Price/Book Value Low	- -	- -	- -	- -	- -	- -	6.2	8.83
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	11.95	9.99
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	10.17	12.09
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	12.76	14.1
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	6.64	9.21
Price/Sales	- -	- -	- -	- -	- -	- -	1.51	1.28
Price/Sales Average	- -	- -	- -	- -	- -	- -	1.28	1.55
Price/Sales High	- -	- -	- -	- -	- -	- -	1.61	1.81
Price/Sales Low	- -	- -	- -	- -	- -	- -	0.84	1.18
Price/Cash Flow	- -	- -	- -	- -	- -	- -	24.19	24.9
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	20.58	30.14
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	25.82	35.16
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	13.43	22.98
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	39.23	104.46
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	49.21	121.85
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	25.6	79.62
EV/Sales Average	- -	- -	- -	- -	- -	- -	1.22	1.5
EV/Sales High	- -	- -	- -	- -	- -	- -	1.54	1.76
EV/Sales Low	- -	- -	- -	- -	- -	- -	0.77	1.13
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	42.35	52.42
EV/EBITDA High	- -	- -	- -	- -	- -	- -	53.77	61.43
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	26.78	39.55
EV/EBIT Average	- -	- -	- -	- -	- -	- -	84.42	109.72
EV/EBIT High	- -	- -	- -	- -	- -	- -	107.16	128.58
EV/EBIT Low	- -	- -	- -	- -	- -	- -	53.38	82.79
Last Price	- -	- -	- -	- -	- -	- -	25.43	24.28
High Price	- -	- -	- -	- -	- -	- -	27.14	34.29
Enterprise Value Average	- -	- -	- -	- -	- -	- -	36,806	51,898
Enterprise Value High	- -	- -	- -	- -	- -	- -	46,723	60,819
Enterprise Value Low	- -	- -	- -	- -	- -	- -	23,272	39,159

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	1,558	1,707	1,707	1,754	1,773	1,790	1,801	1,823
Diluted Weighted Avg Shares	1,600	1,600	1,707	1,424	1,765	1,803	1,826	1,855
Basic Weighted Avg Shares	1,600	1,600	1,707	1,424	1,765	1,782	1,794	1,818
Revenue per Share	2.53	3.92	7.01	12.93	11.66	13.68	16.87	19
EBITDA per Share	-0.62	-0.36	-0.23	-0.91	0.07	0.42	0.48	0.54
Operating Income per Share	-0.66	-0.4	-0.3	-1.05	-0.06	0.27	0.24	0.26
Basic EPS, GAAP	-0.69	-0.44	-0.27	-1.08	-0.05	0.76	0.09	0.11
Basic EPS from Cont Ops	-0.69	-0.44	-0.27	-1.08	-0.05	0.76	0.04	0.12
Diluted EPS, GAAP	-0.69	-0.44	-0.27	-1.08	-0.05	0.75	0.08	0.11
Diluted EPS from Cont Ops	-0.69	-0.44	-0.27	-1.08	-0.05	0.75	0.04	0.12
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.43	-0.19	0.18	-0.29	0.32	1.49	1.05	0.98
Free Cash Flow per Basic Share	-0.49	-0.33	-0.11	-0.76	-0.15	0.99	0.56	0.29
Cash & Equivalents per Share	- -	0.72	0.73	1.99	1.98	2.93	3.26	3.47
Book Value per Share	- -	-2.07	-2.38	1.24	1.36	2.28	2.28	2.54
Tangible Book Value per Share	- -	-2.07	-2.39	1.23	1.36	2.26	2.13	2.43