Coupang
Coupang: Four Major Factors to Drive Higher Profit Margins in 2022
Equity Bottom-Up
294 Views, 10 May 2022 01:52
EXECUTIVE SUMMARY
- We have been Bearish on Coupang since 12 May 2021. Now we are turning Positive since we believe the valuations have become a lot more attractive.
- We highlight four major factors that could result in higher profit margins for Coupang in 2022 including competitors exiting early dawn service, lower COVID and EATS related costs.
- Our base case valuation of Coupang is implied market cap of $24.9 billion and target price of $14.1 per share, representing 32% upside from current levels.
detail (12-minute read)
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Douglas Kim
Korea/Asia, New Economy, IPOs, Events
Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following se...
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