Coupang, Inc. (CPNG) vs Sea Limited Sponsored ADR (SE)

Coupang, Inc. and Sea Limited Sponsored ADR are both Internet Retail companies. Sea Limited Sponsored ADR is the larger, with a market value of $57.3B against $25.1B — 2.3× the size. Coupang, Inc. has negative trailing earnings, so its P/E is not meaningful; Sea Limited Sponsored ADR trades at 36.7×. Sea Limited Sponsored ADR grew revenue faster over the last twelve months: 43.1% against 9.92%. Sea Limited Sponsored ADR has the higher net margin (5.94% vs −2.16%) and the higher return on invested capital (51.6% vs 0.00%). Across the 19 metrics below, Sea Limited Sponsored ADR leads on 16 and Coupang, Inc. on 3.

Valuation

Metric CPNG SE Internet Retail median
P/E n/m 36.73 22.73
P/S 0.70 2.28 0.64
P/B 8.36 4.85 1.65
Price to free cash flow 237.81 19.04 14.11
EV/EBITDA n/m 23.22 15.68
EV/Sales 0.55 1.91 0.76
Earnings yield (3.13%) 2.72% (0.11%)
Free cash flow yield 0.42% 5.25% 0.00%

Profitability

Metric CPNG SE Internet Retail median
Gross margin 28.35% 44.34% 43.51%
Operating margin (1.77%) 8.24% 0.08%
Net margin (2.16%) 5.94% 0.56%
Free cash flow margin 0.30% 18.81% 0.00%
Return on equity (19.99%) 14.43% 0.00%
Return on assets (4.35%) 5.73% 0.00%
Return on invested capital 0.00% 51.63% 0.00%

Growth

Metric CPNG SE Internet Retail median
Revenue growth (TTM) 9.92% 43.06% 10.60%
EPS growth (last fiscal year) 37.50% 240.54% —
Revenue growth, 5-year CAGR 23.61% 39.28% 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CPNG SE Internet Retail median
Debt to equity 0.21 0.09 0.13
Current ratio 0.87 1.49 1.49
Net debt to EBITDA (5.82) (5.33) (0.25)

Dividend

Metric CPNG SE Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric CPNG SE Internet Retail median
Market cap 25.11b 57.27b 443.85m

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