Coupang: 2 Reasons For An Upside Revaluation In 2024
Coupang(CPNG) Seeking Alpha·2023-12-28 19:07
Sundry Photography South Korean e-Commerce company Coupang (NYSE:CPNG) has not met my return expectations in FY 2023 as the company's share price languished, despite improving operating fundamentals. The biggest drivers for a potential revaluation to the upside in FY 2024 are improvements in EBITDA margins as well as growth in free cash flow. Secondly, the e-Commerce company just announced the acquisition of online marketplace Farfetch Holdings, which could boost the company's positioning in the luxury good ...