Grab (GRAB) AI Stock Analysis

• Market Cap: $24.04B
• Dividend Yield: N/A
• Average Volume (3M): 51.37M
• Price to Earnings (P/E): 195.3
• Beta (1Y): 1.21
• Revenue Growth: 20.22%
• EPS Growth: N/A
• Country: US
• Employees: 11,267
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 3,953,000,000
• 10 Day Avg. Volume: 65,791,828
• 30 Day Avg. Volume: 51,372,984
• PEG Ratio: 2.36
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 6.74
• P/FCF Ratio: 24.33
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 6.33
• Enterprise Value/Gross Profit: 14.69
• Enterprise Value/Ebitda: 69.32
• 1Y Price Target: $7.03
• Price Target Upside: 19.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $6.50 ▲(10.54% Upside)

Grab's overall stock score of 69 reflects strong financial performance and positive earnings call sentiment, driven by significant user growth and profitability improvements. The technical analysis supports a bullish trend, although the high P/E ratio suggests overvaluation concerns. The absence of corporate events and dividend yield limits the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and profitability.

Cash Flow Improvement

Improved cash flow enhances financial flexibility, enabling strategic investments and debt reduction, which supports sustainable growth.

Autonomous Vehicle Partnership

The partnership in autonomous vehicles positions Grab at the forefront of innovation, potentially reducing operational costs and enhancing service offerings.

Negative Factors

Margin Expansion Challenges

Challenges in margin expansion could limit profitability, affecting the company's ability to reinvest in growth and compete effectively.

Increased Credit Loss Provisions

Higher credit loss provisions may strain financial performance, impacting profitability and potentially limiting growth in the financial services sector.

Higher Driver Incentives

Increased driver incentives can erode margins, affecting overall profitability and potentially necessitating further cost management measures.

Grab Business Overview & Revenue Model

Company Description

Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.

How the Company Makes Money

Grab generates revenue through several key streams. Primarily, it earns money from its ride-hailing services by taking a percentage of each fare charged to passengers. In addition to transport, its food delivery service, GrabFood, contributes significantly to its revenue by charging restaurants a commission on orders placed through the app. Furthermore, Grab has ventured into financial services, offering digital payments and lending products through GrabPay, which also generates transaction fees. Partnerships with local and international businesses enhance its service offerings and drive customer engagement, while strategic collaborations with financial institutions allow Grab to expand its fintech capabilities. Other revenue sources include advertising services within the app and logistics services through GrabExpress.

Grab Financial Statement Overview

Summary

Grab shows a promising turnaround with strong revenue growth, improved gross margins, and a positive shift in profitability metrics. The balance sheet is solid, with strong equity and low debt levels. Cash flows have significantly improved, showcasing effective financial management. While challenges remain in achieving sustainable profitability, the overall financial health is on an improving trajectory, positioning the company well for future growth.

Income Statement

The income statement reflects a strong revenue growth trajectory, with a 23.67% increase from 2023 to 2024 and a 4.28% increase from 2024 to TTM (Trailing-Twelve-Months). Gross profit margins have improved significantly, indicating enhanced operational efficiency. However, consistent net losses over the years highlight ongoing profitability challenges, although the TTM period shows a positive net income, which is an encouraging sign. The EBIT and EBITDA margins have improved but remain negative, indicating ongoing operational difficulties.

Balance Sheet

Grab's balance sheet is robust with a high equity ratio of 67.25% in the TTM, suggesting strong financial stability and low leverage risk. The debt-to-equity ratio is modest at 0.06, indicating conservative debt management. Return on equity has turned positive in the TTM, reflecting improved profitability. The company maintains a strong cash position, reinforcing its ability to meet short-term obligations and invest in growth opportunities.

Cash Flow

Cash flow metrics indicate a solid improvement, with a substantial increase in free cash flow from 2023 to TTM. The operating cash flow to net income ratio is strong, reflecting effective cash management and operational efficiency. The positive trend in free cash flow growth indicates an enhanced ability to generate cash surplus, which can be used for strategic investments or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.23B	2.80B	2.36B	1.43B	675.00M	469.00M
Gross Profit	1.39B	1.17B	860.00M	77.00M	-395.00M	-494.00M
EBITDA	295.00M	-7.00M	-222.00M	-1.42B	-1.51B	-923.00M
Net Income	123.00M	-105.00M	-434.00M	-1.68B	-3.45B	-2.61B
Balance Sheet
Total Assets	11.36B	9.29B	8.79B	9.17B	11.18B	5.44B
Cash, Cash Equivalents and Short-Term Investments	6.93B	5.63B	5.04B	5.09B	8.08B	3.30B
Total Debt	2.14B	364.00M	793.00M	1.36B	2.17B	251.00M
Total Liabilities	4.84B	2.94B	2.32B	2.51B	3.16B	11.74B
Stockholders Equity	6.47B	6.40B	6.45B	6.60B	7.73B	-6.40B
Cash Flow
Free Cash Flow	220.00M	775.00M	15.00M	-856.00M	-1.03B	-683.00M
Operating Cash Flow	307.00M	852.00M	86.00M	-798.00M	-954.00M	-643.00M
Investing Cash Flow	-942.00M	-231.00M	1.87B	-1.06B	-2.76B	-318.00M
Financing Cash Flow	1.10B	-771.00M	-770.00M	-1.12B	6.57B	1.58B

Grab Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.88
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRAB, the sentiment is Positive. The current price of 5.88 is above the 20-day moving average (MA) of 5.81, below the 50-day MA of 5.89, and above the 200-day MA of 5.06, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 51.05 is Neutral, neither overbought nor oversold. The STOCH value of 51.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GRAB.

Grab Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YMM	78 Outperform	$13.17B	22.93	11.14%	0.76%	25.36%	61.25%
GRAB	69 Neutral	$24.04B	195.35	1.92%	―	20.22%	―
LYFT	68 Neutral	$9.47B	67.04	24.53%	―	14.90%	―
SRAD	66 Neutral	$7.06B	64.63	9.79%	―	18.99%	66.43%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPT	61 Neutral	$629.99M	―	-26.69%	―	13.09%	32.34%
KC	48 Neutral	$3.60B	-10.29	-31.02%	―	20.42%	-9.39%

Grab Corporate Events

Grab Announces 2025 Annual General Meeting for Shareholder Engagement

On November 11, 2025, Grab Holdings Limited announced its 2025 Annual General Meeting of shareholders, scheduled for December 5, 2025, at its Global Headquarters in Singapore. The meeting will serve as an open forum for shareholders to discuss company affairs with management, with no proposals submitted for approval. Shareholders of record as of November 14, 2025, are entitled to attend, and must register their interest by November 19, 2025. This meeting underscores Grab’s commitment to transparency and shareholder engagement, reflecting its strategic focus on maintaining strong stakeholder relations.

Grab Announces Strategic Investment in Remote Driving Tech Firm Vay

On November 10, 2025, Grab Holdings Limited announced a strategic investment of $60 million in Vay Technology GmbH, a company specializing in automotive-grade remote driving technology. This investment, subject to regulatory approval, is expected to close in the fourth quarter of 2025 and will grant Grab a minority equity interest in Vay. The deal includes potential for Grab to increase its stake by an additional $350 million, contingent on Vay meeting specific financial and operational milestones. This move positions Grab to potentially own a majority stake in Vay within three years, enhancing its technological capabilities and market presence in the remote driving sector.

Grab Announces Strategic Investment in Remote Driving Company Vay

On November 10, 2025, Grab Holdings Limited announced a strategic investment in Vay Technology GmbH, a remote driving technology company. The initial investment of $60 million, with a potential additional $350 million, aims to enhance Grab’s mobility offerings and accelerate its expertise in autonomous and remote driving. This investment will support Vay’s expansion in the U.S. and create synergies with Grab’s long-term mobility strategy. The collaboration is expected to reduce private car ownership by promoting on-demand, shared vehicle services, aligning with Grab’s vision for future mobility in Southeast Asia.

Grab Holdings Reports Strong Q3 2025 Financial Results

Grab Holdings Limited reported its third-quarter 2025 financial results, showcasing a strong performance with a 22% year-over-year revenue increase to $873 million, driven by growth in its On-Demand and Financial Services segments. The company achieved a profit of $17 million for the quarter, with an adjusted EBITDA of $136 million, marking a 51% year-over-year improvement. The On-Demand GMV grew by 24% year-over-year to $5.8 billion, supported by a rise in monthly transacting users and transactions. Grab’s deliveries segment also saw a 23% revenue growth, bolstered by increased GMV and advertising revenue. The company’s financial health remains robust with a gross cash liquidity of $7.4 billion, although net cash used in operating activities increased due to higher cash outflows in its banking and lending businesses.

Grab Holdings Reports Robust Q3 2025 Financial Growth

On November 4, 2025, Grab Holdings Limited reported its third-quarter financial results, showcasing significant growth and profitability. The company achieved a 22% year-over-year revenue increase to $873 million, driven by its On-Demand and Financial Services segments. On-Demand GMV rose by 24% year-over-year to $5.8 billion, and the company recorded a profit of $17 million for the quarter. Adjusted EBITDA improved by 51% to $136 million, marking the fifteenth consecutive quarter of growth. Grab’s strategic focus on innovation and disciplined investments in core and emerging areas like Autonomous Vehicles and Remote Driving is expected to continue driving its growth trajectory.

Grab Holdings Announces Key Leadership Changes Effective October 2025

On September 2, 2025, Grab Holdings Limited announced significant updates to its senior leadership team, effective October 1, 2025. John Pierantoni, with a robust background in finance leadership at major US-listed companies and entertainment giants, will assume the role of Chief Accounting Officer. Meanwhile, Liam Barker, who has been instrumental in leading Grab’s fintech and digital banking legal operations, will take on the position of Group General Counsel. These leadership changes are expected to strengthen Grab’s strategic positioning in the competitive Southeast Asian market.

Grab Holdings Releases Interim Report for First Half of 2025

On August 15, 2025, Grab Holdings Limited released its interim report for the six-month period ending June 30, 2025. The report highlights the company’s financial performance and operational metrics, showcasing its continued focus on digital banking and financial services expansion in Southeast Asia. The interim report is incorporated into Grab’s registration statements, reflecting its strategic positioning in the digital economy and its potential implications for stakeholders.