Grab (GRAB)
NASDAQ:GRAB
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Grab
(NASDAQ:GRAB)
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Rating:57Neutral
Price Target:
$4.00
▼(-4.99% Downside)
Action:Reiterated
Date:05/09/26
The score is held back most by weak cash-flow conversion in the latest TTM period and a bearish technical setup (below key moving averages with negative MACD). Offsetting factors include a clear multi-year profitability turnaround and a positive earnings call with reiterated FY2026 guidance and an accelerated share repurchase, while valuation is moderately demanding with no dividend support.
Positive Factors
Multi-service scale & user growth
Sustained GMV and MTU expansion across mobility and deliveries points to durable network effects and cross‑sell opportunities within the super‑app. A large, engaged user base supports recurring transaction volume, higher take rates, and more predictable multi‑segment revenue over the medium term.
Negative Factors
Weak cash‑flow conversion
Accounting profitability has not consistently translated into cash recently, indicating working capital, lending growth or non‑cash items are tying up cash. Persistent weak cash conversion raises execution risk on funding growth, sustaining buybacks, and meeting capex or financing needs without raising leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-service scale & user growth
Sustained GMV and MTU expansion across mobility and deliveries points to durable network effects and cross‑sell opportunities within the super‑app. A large, engaged user base supports recurring transaction volume, higher take rates, and more predictable multi‑segment revenue over the medium term.
Read all positive factors
Grab (GRAB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.39B
Dividend YieldN/A
Average Volume (3M)53.59M
Price to Earnings (P/E)27.5
Beta (1Y)1.53
Revenue Growth21.80%
EPS Growth1553.57%
CountryUS
Employees11,267
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.09
Shares Outstanding3,972,726,000
10 Day Avg. Volume45,958,076
30 Day Avg. Volume53,593,442
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)3.04
Price to Sales (P/S)6.06
P/FCF Ratio152.39
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue3.63
Enterprise Value/Gross Profit8.35
Enterprise Value/Ebitda19.63
Forecast
1Y Price Target
$6.12Price Target Upside45.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)0.11
Revenue Forecast (FY)$4.11B
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 Vie...
How the Company Makes Money
Grab primarily makes money through platform-based fees and commissions across its business lines. In Mobility, it earns revenue by taking a portion of the fare and/or charging platform and service fees on ride-hailing and related transport transac...
Grab Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive view driven by strong top‑line growth (on‑demand GMV +24% YoY), operational traction (52M MTUs), clear AI monetization and efficiency wins (Turbo +23% driver earnings per hour; Mai +15% merchant GMV uplift; advertiser spend +44% YoY), Financial Services momentum (loan disbursals +67% to >$1B and H2 breakeven target), continued adjusted EBITDA expansion and $489M trailing adjusted free cash flow. Headwinds include a Q1 step‑up in regional corporate costs tied to AI investments, elevated driver incentives because of seasonality and fuel volatility, Indonesian regulatory uncertainty around commission caps, and cautious credit overlays—none of which the company characterized as derailing guidance. Given the breadth and magnitude of positive operational and financial indicators and management's reiterated full‑year guidance and buyback activity, the positives significantly outweigh the lowlights.Positive Updates
On‑demand GMV and User Growth
On‑demand GMV growth accelerated to 24% year‑on‑year; group monthly transacting users rose to 52 million, demonstrating top‑line and active user expansion.
Negative Updates
Step‑up in Regional Corporate Costs
Regional corporate costs increased year‑on‑year to $114 million in Q1, with management attributing the step‑up to conscious investments in AI infrastructure (tokenization stack and cloud capacity), FX and inflation impacts; costs are expected to stabilize at this level for 2026 but represent short‑term margin pressure.
Read all updates
Q1-2026 Updates
Positive
Negative
On‑demand GMV and User Growth
On‑demand GMV growth accelerated to 24% year‑on‑year; group monthly transacting users rose to 52 million, demonstrating top‑line and active user expansion.
Read all positive updates
Company Guidance
Grab reiterated 2026 full‑year guidance of group revenue $4.04–$4.10 billion and adjusted EBITDA $700–$720 million, and reiterated Financial Services adjusted‑EBITDA breakeven in H2 2026; the company also accelerated a $400 million share repurchase (part of a $500 million program with roughly $100 million remaining). Management pointed to Q1 and April momentum supporting the outlook: on‑demand GMV +24% YoY, group MTUs 52 million, loan disbursals +67% YoY to >$1.0 billion (with a $2.0 billion loan‑book target by year‑end and ~$1.6 billion in deposits), Mobility transactions +28% YoY (weekly avg. transactions in April +32% YoY), record‑high daily transacting users for deliveries in April, group orders GMV +74% YoY, GrabMart at ~10% of deliveries GMV growing 1.7x faster than food, 17th consecutive quarter of adjusted EBITDA growth and trailing 12‑month adjusted free cash flow of $489 million; they also highlighted ecosystem and AI wins (Turbo +23% earnings per online hour, merchant AI Assistant adopted by ~50% of single‑store merchants with a 15% GMV uplift, advertiser spend +44% YoY), EV acceleration (30,000+ EVs in Thailand; EV demand +35% YoY) and AV trials (fleet >40,000 km), while noting Q1 regional corporate costs of $114 million.Grab Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
70
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.55B | 3.37B | 2.80B | 2.36B | 1.43B | 675.00M |
| Gross Profit | 1.55B | 1.46B | 1.17B | 860.00M | 77.00M | -395.00M |
| EBITDA | 658.00M | 517.00M | 93.00M | -222.00M | -1.42B | -1.51B |
| Net Income | 379.00M | 268.00M | -105.00M | -434.00M | -1.68B | -3.45B |
Balance Sheet | ||||||
| Total Assets | 11.70B | 11.98B | 9.29B | 8.79B | 9.17B | 11.18B |
| Cash, Cash Equivalents and Short-Term Investments | 6.26B | 6.80B | 5.63B | 5.04B | 5.09B | 8.08B |
| Total Debt | 1.95B | 2.05B | 364.00M | 793.00M | 1.36B | 2.17B |
| Total Liabilities | 5.17B | 5.23B | 2.94B | 2.32B | 2.51B | 3.16B |
| Stockholders Equity | 6.52B | 6.73B | 6.40B | 6.45B | 6.60B | 7.73B |
Cash Flow | ||||||
| Free Cash Flow | -88.00M | 134.00M | 775.00M | 15.00M | -856.00M | -1.03B |
| Operating Cash Flow | 12.00M | 231.00M | 852.00M | 86.00M | -798.00M | -954.00M |
| Investing Cash Flow | -633.00M | -964.00M | -231.00M | 1.87B | -1.06B | -2.76B |
| Financing Cash Flow | 691.00M | 1.13B | -771.00M | -770.00M | -1.12B | 6.57B |
Grab Technical Analysis
Negative
4.21
Price Trends
3.73
Negative
4.07
Negative
4.79
Negative
Market Momentum
-0.09
Positive
36.21
Neutral
39.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRAB, the sentiment is Negative. The current price of 4.21 is above the 20-day moving average (MA) of 3.67, above the 50-day MA of 3.73, and below the 200-day MA of 4.79, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 36.21 is Neutral, neither overbought nor oversold. The STOCH value of 39.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GRAB.
Grab Risk Analysis
Grab disclosed 72 risk factors in its most recent earnings report. Grab reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Grab Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.69B | 15.56 | 16.35% | ― | 11.84% | 14.91% | |
73 Outperform | $13.43B | 30.88 | 20.74% | ― | 23.44% | 151.36% | |
71 Outperform | $146.20B | 140.32 | 33.32% | ― | 18.31% | -29.89% | |
70 Outperform | $5.28B | 92.18 | 150.20% | ― | 9.36% | 5134.71% | |
65 Neutral | $69.82B | 89.32 | 9.57% | ― | 30.96% | 167.38% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $14.39B | 27.54 | 5.81% | ― | 21.80% | 1553.57% |
* Technology Sector Average
GRAB
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Grab Corporate Events
Grab Delivers Record Q1 2026 Profitability and Reaffirms Full-Year Outlook
May 5, 2026
Grab reported unaudited results for the quarter ended March 31, 2026 on May 5, showing continued momentum in its on-demand and financial services businesses despite a fuel-driven macro headwind in Southeast Asia. Revenue rose 24% year over year to...
Grab Posts Strong Q1 2026 Profit and Steps Outside Southeast Asia With foodpanda Taiwan Deal
May 5, 2026
Grab reported strong first-quarter 2026 results on May 5, 2026, with revenue rising 24% year over year to $955 million and on-demand gross merchandise value climbing 24% to $6.1 billion, as monthly transacting users increased and spending per user...
Grab Commits Up to $400 Million to Share Buybacks Under New Program
Mar 24, 2026
On March 24, 2026, Grab Holdings Limited announced that it will execute up to $400 million of its previously approved $500 million share repurchase program over the next four months through an accelerated share repurchase with JPMorgan and a conti...
Grab to Launch Up to $400 Million Share Buyback Execution in 2026
Mar 24, 2026
Grab Holdings Limited, the Southeast Asia super-app operator listed on Nasdaq, said in a March 24, 2026 filing that it will deploy existing cash to repurchase its Class A ordinary shares under a previously authorized $500 million buyback program. ...
Grab Shareholders Approve Governance Overhaul Doubling Class B Voting Power
Mar 24, 2026
On March 24, 2026, Grab Holdings Limited shareholders approved a special resolution at an extraordinary general meeting in Singapore to replace the company’s Second Amended and Restated Memorandum and Articles of Association with a Third Ame...
Grab to Buy foodpanda Taiwan for $600 Million in First Expansion Beyond Southeast Asia
Mar 23, 2026
On March 23, 2026, Grab announced an agreement to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $600 million in cash on a cash-free, debt-free basis, with closing subject to regulatory approvals and expected in the second...
Grab to Buy foodpanda Taiwan for $600 Million, Expanding Delivery Footprint
Mar 23, 2026
Grab Holdings Limited has agreed to acquire Delivery Hero SE’s foodpanda delivery business in Taiwan for $600 million in cash, on a cash‑free, debt‑free basis, according to a Form 6‑K filed on March 23, 2026. The deal, whic...
Grab Calls March EGM to Reshape Voting Structure and Board Line-Up
Feb 20, 2026
Grab Holdings Limited has called an extraordinary general meeting (EGM) of shareholders to be held virtually on March 24, 2026, to vote on a special resolution to replace its Second Amended and Restated Memorandum and Articles of Association with ...
Grab posts first full-year net profit and unveils $500 million buyback after record 2025
Feb 11, 2026
Grab Holdings Limited reported unaudited financial results on February 12, 2026 for the fourth quarter and full year ended December 31, 2025, highlighting its first full year of net profit and a record quarter in revenue and user growth. Fourth-qu...
Grab Posts First Full-Year Net Profit in 2025 and Launches $500 Million Buyback
Feb 11, 2026
Grab Holdings reported its fourth-quarter and full-year 2025 results on February 11, 2026, highlighting its first-ever full-year net profit as revenue rose 19% year-on-year in Q4 to $906 million and 20% for 2025 to $3.37 billion. On-demand GMV cli...
Grab to Acquire U.S. Digital Investing Platform Stash in US$425 Million Deal
Feb 11, 2026
On February 12, 2026, Grab announced it had signed definitive agreements to acquire 100% of Stash Financial, Inc., a U.S. digital financial services firm with over $5 billion in assets under management and more than one million paying subscribers....
Grab to Acquire U.S. Digital Investing Platform Stash in US$425 Million Deal
Feb 11, 2026
Grab Holdings Limited, the Southeast Asian super-app operator, said in a Form 6-K filed on February 11, 2026, that it has signed definitive agreements to acquire 100% of U.S. digital financial services firm Stash Financial, Inc. Grab will pay for ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.