A Growing Company GRAB HOLDING $GRAB (-8,28 %)

This is a company that I really like especially because of the long-term growth potential.

The company, for those who are not familiar with it, is basically a platform with a superapp for: mobility (similar to UBER), food delivery (similar to Deliveroo), parcel delivery (Fedex), Payments (Paypal) and other new services...

It is active in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

It is a company whose services I have used and been very comfortable with.

It is a company that is not yet making a profit but the prospects are interesting.

Here is a summary of the financial aspects

• Revenues grew 17% year over year to $664 million
• Operating loss improved by $121 million year-over-year to $(56) million
• Adjusted EBITDA improved by $81 million year-on-year to $64 million
• Net cash flow from operating activities was $272 million in the second quarter of 2024, an improvement of $323 million year-on-year
• It is also worth noting that Grab holds more cash than debt on its balance sheet .

Is it worth it at this price ?

It certainly weighs the fact that it has not yet turned a profit, however Citi analysts have reiterated a Buy rating and a $5.00 price target for Grab Holdings Inc. (GRAB).

Analysts at Bernstein SocGen Group reiterated an Outperform rating and a $4.10 price target on Grab Holdings Inc.

In my opinion as soon as it goes into profit (a matter of time) we will see some good things....