Coupang LLC (CPNG)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $26.5B, Coupang LLC's free cash flow of $522M (fiscal 2025) would need to grow about 17% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 2 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Coupang LLC's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from CPNG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Coupang LLC's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.4B | $20.6B | $24.4B | $30.3B | $34.5B |
| Net income | -$1.5B | -$92M | $1.4B | $154M | $208M |
| Free cash flow | -$1.1B | -$259M | $1.8B | $1.0B | $522M |
| EPS (diluted) | -$1.08 | -$0.05 | $0.75 | $0.08 | $0.11 |
| Operating margin | -8.1% | -0.54% | 1.9% | 1.4% | 1.4% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own CPNG
From each investor's latest 13F filing (what a 13F shows). 8 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Dodge & Cox Dodge & Cox |
Added | $1.3B | 0.66% | Q2 2026 |
| Chase Coleman Tiger Global Management |
Added | $633M | 2.6% | Q2 2026 |
| Bill Nygren Harris Associates LP |
Added | $248M | 0.33% | Q2 2026 |
| David Abrams Abrams Capital Management |
Held | $226M | 4.1% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $48M | 0.07% | Q2 2026 |
| Stanley Druckenmiller Duquesne Family Office |
Held | $46M | 0.89% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $14M | 0.00% | Q2 2026 |
| Bill Miller Miller Value Partners |
Added | $1M | 0.26% | Q2 2026 |
Insider buying
Open-market purchases by Coupang LLC's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 13, 2026 | Neil Mehta |
2,332,863 | $18.40 | $43M |
| Mar 12, 2026 | Neil Mehta |
3,000,000 | $18.68 | $56M |
| Mar 11, 2026 | Neil Mehta |
2,017,241 | $18.64 | $38M |
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In the full deep dive
Questions
What growth does Coupang LLC's stock price imply?
At a market value of $26.5B, Coupang LLC would need its free cash flow to grow about 17% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 2 years its free cash flow grew -45% a year.
Are Coupang LLC insiders buying the stock?
3 open-market insider purchases of CPNG in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Coupang LLC?
8 of the superinvestors Investingly tracks hold CPNG in their latest 13F, including Dodge & Cox, Chase Coleman, Bill Nygren.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.