UBER

Uber Technologies Inc

TMT, Industrial/Transportation


Presented:08/22/2022
Price:$28.00
Cap:$55.44B
Current Price:$83.20
Cap:$174.80B

Presented

Date08/22/2022
Price$28.00
Market Cap$55.44B
Ent Value$47.63B
P/E RatioN/A
Book Value$3.37
Div Yield0%
Shares O/S1,979.92M
Ave Daily Vol30,942,005
Short Int3.24%

Current

Price$83.20
Market Cap$174.80B
Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services. It operates through the following segments: Mobility, Delivery and Freight. The Mobility segment refers to products that connect consumers with Mobility Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. The Delivery segment offers consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered and, in certain markets, Delivery also includes offerings for grocery, alcohol and convenience store delivery and other goods. The Freight segment leverages proprietary technology, brand awareness, and experience revolutionizing industries to connect carriers with shippers on Uber’s platform, and gives carriers upfront, transparent pricing and the ability to book a shipment. 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), Uber Technologies Inc (UBER)

Highlights

The presenter is long shares of Uber Technologies Inc (UBER) based on the belief that the market has underappreciated several aspects of the business. UBER currently has 70% share in most of its ride-share markets and 26% share in food delivery (vs. DASH’s 53%). Investors seem to underwrite market share loss to the benefit of DASH, but he expects UBER to surpass DASH in food delivery and win both markets. UBER has traded like an unprofitable technology stock this entire year despite having an incredibly healthy core business. At 2x 2022 consensus revenues with significant runway for growth and a path to 30% long-term EBITDA margins, he sees little downside and 100%+ upside as the valuation rerates to 4x revenues. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.