UBER

Uber Technologies Inc.

TMT, Industrial/Transportation


Presented:12/17/2019
Price:$29.75
Cap:$50.75B
Current Price:$83.20
Cap:$174.80B

Presented

Date12/17/2019
Price$29.75
Market Cap$50.75B
Ent Value$47.69B
P/E RatioN/A
Book Value$8.84
Div Yield0%
Shares O/S1,705.82M
Ave Daily Vol22,928,212
Short Int3.89%

Current

Price$83.20
Market Cap$174.80B
Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. The company operates through following segments: Core Platform and Other Bets. Core Platform primarily includes the ridesharing and Uber Eats products; while Other Bets primarily includes the Company's Freight and New Mobility products. The company was founded by Oscar Salazar Gaitan, Travis Kalanick, and Garrett Camp in 2009 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: McDonald's Corp (MCD), Uber Technologies (UBER)

Highlights

The presenter is long shares of Uber Technologies (UBER) and believes that the market is underappreciating the company’s durability of ride volume growth and profitability. The company has gone through a lot of headwinds since the IPO, and the stock declined from $45 per share to <$30 (2.6x EV/2020 Revenue). It currently has ~$50B in market cap and ~$47B in EV. While the Street expects the core Uber Rides business to decelerate from low 20% growth to high-teens in 2020 and mid-teens thereafter, he is modeling healthy growth at over 20% and margin expansion through 2023. If his projection is correct, the stock has 50% upside to $45.

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Idea Discussion

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