UBER
Uber Technologies Inc
TMT, Industrial/Transportation
08/19/2021
Presented
| Date | 08/13/2021 |
| Price | $42.22 |
| Market Cap | $79.56B |
| Ent Value | $104.03B |
| P/E Ratio | N/A |
| Book Value | $7.54 |
| Div Yield | 0% |
| Shares O/S | 1,884.35M |
| Ave Daily Vol | 20,371,707 |
| Short Int | 3.90% |
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. It operates through the following segments: Rides, Eats, Freight, Other Bets and ATG and Other Technology Programs. The Rides segment refers to products that connect consumers with Rides Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. The Eats segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. The Freight segment leverages proprietary technology, brand awareness, and experience revolutionizing industries to connect carriers with shippers on its platform, and gives carriers upfront, transparent pricing and the ability to book a shipment. The Other Bets segment consists of multiple investment stage offerings. The ATG and Other Technology Programs segment primarily responsible for the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. 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: DoorDash Inc (DASH), Just Eat Takeaway.com NV (GRUB), Lyft Inc (LYFT), SoftBank Group Corp (9984 JP), Uber Technologies Inc (UBER)
Highlights
The presenter has recently bought shares of Uber Technologies Inc (UBER), noting that the stock may be positioned for a great 2H’21. Since UBER has both delivery (Eats) and ride-share (Rides) businesses, it is not a pure-play reopening trade and there are concerns that Eats will face tough comps as the world reopens. He believes this sentiment could account for $5 – $10 of the $20 difference between the current $43 share price and the peak earlier this year; the other $10 – $15 difference can be attributed to labor regulation issues and an ongoing technical overhang. Overall, he expects these bear theses to be disproved later this year, at which point he sees a fair value of $65 – $70 per share with further upside as the business grows.
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