Coupang, Inc. (CPNG)

Retail-Catalog & Mail-Order Houses

Latest Price

$16.35

TTM P/E

Normalized P/E

121.35

Div Yield

Book Value

2.15

P/B Ratio

7.59

Valuation metrics

EPS: $0.11

Book value / share: $2.49

Formula: √(22.5 × EPS × BVPS)

Graham Number

$2.48

85% downside

Norm. op. income: $436M (median of 5yr)

Tax rate: 45%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$3.83

77% downside

Base FCF: $1.0B (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.85

70% downside

EPS: $0.11

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$1.65

90% downside

74.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
SB INVESTMENT ADVISERS (UK) LTD	289.54M	$5.47B	15.87%	--	2026-03-31
BAILLIE GIFFORD & CO	120.66M	$2.28B	6.61%	-25.47M	2026-03-31
Dodge & Cox	72.01M	$1.36B	3.95%	+22.77M	2026-03-31
BlackRock, Inc.	64.88M	$1.23B	3.56%	+1.02M	2026-03-31
MORGAN STANLEY	56.15M	$1.06B	3.08%	-2.71M	2026-03-31
Capital International Investors	44.31M	$836.0M	2.43%	+3.18M	2026-03-31
TIGER GLOBAL MANAGEMENT LLC	34.60M	$653.0M	1.90%	+8.33M	2026-03-31
Artisan Partners Limited Partnership	33.67M	$635.0M	1.84%	--	2026-03-31
Dragoneer Investment Group, LLC	27.85M	$525.0M	1.53%	+6.28M	2026-03-31
GREENOAKS CAPITAL PARTNERS LLC	25.70M	$485.0M	1.41%	+10.33M	2026-03-31