Coupang, Inc. (CPNG) vs Wayfair Inc. (W)

Coupang, Inc. and Wayfair Inc. are both Internet Retail companies. Coupang, Inc. is the larger, with a market value of $26.6B against $15.3B — 1.7× the size. Coupang, Inc. grew revenue faster over the last twelve months: 9.92% against 7.46%. Coupang, Inc. has the higher net margin (−2.16% vs −2.49%) and the higher return on invested capital (0.00% vs 0.00%). Across the 17 metrics below, Wayfair Inc. leads on 9 and Coupang, Inc. on 8.

Valuation

Metric CPNG W Internet Retail median
P/E n/m n/m 24.35
P/S 0.72 1.10 0.69
P/B 8.59 n/m 1.66
Price to free cash flow 244.49 25.22 15.23
EV/EBITDA n/m 31.65 19.14
EV/Sales 0.57 1.23 0.75
Earnings yield (3.05%) (2.29%) (0.17%)
Free cash flow yield 0.41% 3.97% 0.00%

Profitability

Metric CPNG W Internet Retail median
Gross margin 28.35% 30.05% 43.51%
Operating margin (1.77%) 1.67% 0.08%
Net margin (2.16%) (2.49%) 0.56%
Free cash flow margin 0.30% 4.36% 0.00%
Return on equity (19.99%) 11.66% 0.00%
Return on assets (4.35%) (10.26%) 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric CPNG W Internet Retail median
Revenue growth (TTM) 9.92% 7.46% 10.80%
EPS growth (last fiscal year) 37.50% 39.15% 14.02%
Revenue growth, 5-year CAGR 23.61% (2.51%) 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CPNG W Internet Retail median
Debt to equity 0.21 (1.00) 0.10
Current ratio 0.87 0.74 1.48
Net debt to EBITDA (5.82) 5.11 (0.25)

Dividend

Metric CPNG W Internet Retail median
Dividend yield — — 1.79%
Payout ratio — — 0.25

Size

Metric CPNG W Internet Retail median
Market cap 26.59b 15.33b 413.81m

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