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 $29.4B against $15.5B — 1.9× the size. Wayfair Inc. grew revenue faster over the last twelve months: 7.89% against 7.41%. Wayfair Inc. has the higher net margin (−1.21% vs −3.77%) and the higher return on invested capital (0.00% vs −107.5%). Across the 17 metrics below, Wayfair Inc. leads on 12 and Coupang, Inc. on 5.

Valuation

Metric CPNG W Internet Retail median
P/E n/m n/m 23.90
P/S 0.82 1.18 0.71
P/B 10.45 n/m 1.80
Price to free cash flow n/m 25.87 15.07
EV/EBITDA n/m 30.60 17.34
EV/Sales 0.76 1.29 0.77
Earnings yield (4.63%) (1.10%) 0.46%
Free cash flow yield (1.38%) 3.87% (0.39%)

Profitability

Metric CPNG W Internet Retail median
Gross margin 27.37% 29.95% 44.04%
Operating margin (3.43%) 2.14% 0.08%
Net margin (3.77%) (1.21%) 1.15%
Free cash flow margin (1.13%) 4.56% 0.00%
Return on equity (35.97%) 5.74% 0.00%
Return on assets (7.38%) (5.11%) 0.00%
Return on invested capital (107.49%) 0.00% 0.00%

Growth

Metric CPNG W Internet Retail median
Revenue growth (TTM) 7.41% 7.89% 10.82%
EPS growth (last fiscal year) 37.50% 39.15% 19.82%
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 1.21 (0.92) 0.12
Current ratio 0.80 0.67 1.52
Net debt to EBITDA (5.82) 5.11 (0.66)

Dividend

Metric CPNG W Internet Retail median
Dividend yield — — 1.66%
Payout ratio — — 0.27

Size

Metric CPNG W Internet Retail median
Market cap 29.43b 15.53b 566.40m

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