Added to YB: 2026-04-29
Pitch date: 2026-04-27
GRAB [neutral]
Grab Holdings Limited
+0.26%
current return
Author Info
No bio for this author
Company Info
Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Market Cap
$16.0B
Pitch Price
$3.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
41.52
P/E
64.83
EV/Sales
3.18
Sector
Ground Transportation
Category
growth
The Details Surrounding a $GRAB Thesis - Is This an Economic Value Generator or a Capital Destroyer?
GRAB (overview): SEA's largest delivery/mobility superapp w/ 50M MTUs in 670M pop market; massive under-penetration. RevenueCultAGR 20%, adj EBITDA $500M→$1.5B by FY28, 80% FCF conversion implies $1.2B adj FCF (37.9% CAGR). Key: fixed cost leverage driving margin expansion—SG&A flat while rev +2.5x since FY22. Risks: NPL not disclosed, loan book doubling, Sea/Shopee/Gojek competition, SBC $241M. Strong BS: $7.4B cash, $2B debt
Read full article (21 min)