Ticker: $26.81 (as of May 14, 2025) 🌏 
Title Variant: Coupang: Not Cheap, But Apparently Still Worth the Checkout Line 🛒🚀

📢 Insider Alert: May 2025 Edition

Neil Mehta, Founder of Greenoaks Capital and long-time Coupang board member, just added 1.4 million shares—forking over a cool $37.5 million. That's not just window-shopping; that’s conviction. 🧾💸

👤 Who’s Neil Mehta again?

• Founder of Greenoaks Capital Partners

• Board member since 2010

• Formerly with D.E. Shaw–backed Orient Property Group and Kayne Anderson

• Clearly not a rookie, and clearly not done buying

✅ Greenoaks now holds over 55 million shares, up 3% from before. And remember: this isn’t Neil’s first splurge on Coupang stock—he’s been buying in multiple rounds.

📦 Coupang 101: What Is This Beast?

South Korea’s Amazon-meets-Uber-meets-Netflix hybrid—with fintech and luxury add-ons. Coupang isn’t just delivering packages anymore:

• 🥡 Coupang Eats – Food delivery

• 📺 Coupang Play – Streaming & digital content

• 💳 Fintech – Shopping + credit = more shopping

• 👛 Farfetch Acquisition – Because $3,000 handbags don’t sell themselves

📊 Financials Snapshot – Q4 2024

• Revenue: $8.0B (+21% YoY)

• Gross Profit: $2.5B (+48% YoY)

• Op. Cash Flow: $1.9B (2024 full year)

• Free Cash Flow: $1.0B

🔻 Free cash flow declined YoY
🔻 Margins remain thin
🔺 Balance sheet still strong

For more resources on Coupang's financial statements,
Check this out.

⚠️ Why Investors Blink Twice

• P/E Ratio: ~290 (bring a seatbelt)

• Valuation: ~30x free cash flow

• Growth? ✅

• Value? ❌

• Margin of Safety? MIA

• South Korea political climate? …Let’s just say it's “dynamic.” 🇰🇷🔥

💪 Balance Sheet Strength

• 💰 Net Cash: $4.2B

• 📉 No Debt: That’s rare air.

• 🎯 Plenty of firepower for expansion, acquisitions, or a rainy decade

🌍 Global Diversification Angle

• Exposure to South Korea and Taiwan, somewhat insulated from U.S. tech market mood swings

• A play on emerging middle-class consumption

• Potential tailwinds from a stabilizing Asia-Pacific region

📌 Final Take: Coupang Isn’t Cheap—But Conviction Is Growing

Mehta’s latest buy isn’t a trade—it’s a statement. Add in SoftBank and Baillie Gifford’s faith, and you’ve got some serious big-money backing.

🧠 Investment Grade

Growth Potential: ✅✅✅
Value Metrics: ❌❌
Insider Confidence: ✅✅✅
International Diversification: ✅✅

🛍️ TL;DR

Coupang is pricey. But Mehta’s back at the checkout. Could be worth watching… or worth a nibble if you believe in the long-term compounding of Southeast Asia’s digital infrastructure.

❓ Disclaimer

We don’t sell stocks. Just fun, flair, and maybe a little financial glow-up. Invest at your own risk. Always.

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