Should you buy Uber stock? (August 2023)
- 8 months ago
Uber stock analysis. Ticker: UBER.
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Since the company was founded, Uber has been consistently unprofitable, building up losses of over $30 billion dollars. That all changed this month as the company reported its first ever operating profit of $326 million. And that progress has pushed Uber’s stock price up 77% year to date.
Looking at the latest share price, the company is now valued at 90 billion dollars. It’s got 8.5 billion of cash on the balance sheet, 7.5 billion of investments and 9.3 billion of long-term debt so the enterprise value is 83 billion.
Gross bookings in the latest quarter were up 18% year over year to 34 billion (33.6) and total revenue increased by 14% to 9.2 billion.
Net income came in at 394 million, Adjusted ebitda more than doubled to 916 million and free cash flow climbed to 1.1 billion. That means Uber has now delivered more than 1.7 billion of free cash flow over the last 12 months.
In fact, this was a hugely impressive quarter from Uber. Number of trips on the platform, gross bookings, number of active drivers, adjusted ebitda and monthly platform users all hit record highs.
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Join 10,000 investors: https://www.overlookedalpha.com
Since the company was founded, Uber has been consistently unprofitable, building up losses of over $30 billion dollars. That all changed this month as the company reported its first ever operating profit of $326 million. And that progress has pushed Uber’s stock price up 77% year to date.
Looking at the latest share price, the company is now valued at 90 billion dollars. It’s got 8.5 billion of cash on the balance sheet, 7.5 billion of investments and 9.3 billion of long-term debt so the enterprise value is 83 billion.
Gross bookings in the latest quarter were up 18% year over year to 34 billion (33.6) and total revenue increased by 14% to 9.2 billion.
Net income came in at 394 million, Adjusted ebitda more than doubled to 916 million and free cash flow climbed to 1.1 billion. That means Uber has now delivered more than 1.7 billion of free cash flow over the last 12 months.
In fact, this was a hugely impressive quarter from Uber. Number of trips on the platform, gross bookings, number of active drivers, adjusted ebitda and monthly platform users all hit record highs.
#investing #stocks #stockstowatch #overlookedalpha