Feb. 3 at 12:54 PM
Things I like about
$GRAB:
* Recently Profitable: Turned profitable in 2024 after years of losses. EPS of
$0.02 TTM shows early-stage profitability.
* Strong Revenue Growth: 22% YoY revenue growth with guidance for
$3.38-3.40B in FY2025.
* Cash Flow Positive: Generating
$283M in adjusted free cash flow (TTM), up
$185M YoY.
* Southeast Asia Dominance: Market leader in ride-hailing (90%+ share in Malaysia/Philippines) and food delivery across 8 countries.
* Super-App Ecosystem: Mobility + Delivery + Financial Services creating network effects and cross-selling opportunities.
* Margin Expansion: Adjusted EBITDA margin improving dramatically from -50% to +4.2%, with guidance for
$490-500M EBITDA in FY2025.
* Strong Balance Sheet:
$5.3B net cash position provides significant financial flexibility.
* Analyst Consensus: "Strong Buy" rating with average price target of
$6.38 (45% upside).
* Fintech Growth: Financial services segment growing 34% YoY with loan portfolio exceeding
$1B.
