Added to YB: 2026-09-21
Pitch date: 2026-09-17
GRAB [neutral]
Grab Holdings Limited
+0.18%
current return
Author Info
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Company Info
Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Market Cap
$11.4B
Pitch Price
$2.79
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.33
P/E
24.44
EV/Sales
1.97
Sector
Ground Transportation
Category
special_situation
Grab is not a SuperApp
GRAB (update): Grab’s Atome acquisition undercuts its super-app claim: only about 1% of active users borrow from Grab, while Grab Financial Group remains unprofitable and has not scaled consumer lending. It also reinforces the argument that standalone BNPL is a product rather than a durable business, as larger platforms can bring credit economics in-house. The deal could value Atome at up to $4.5bn, but the combined loan book is guided to grow only about 27% annually through 2028; the strategic fit is clear, while the investor payoff remains uncertain.
Read full article (3 min)