Grab Holdings: A Solid Company At Far Too High Prices
Summary
- GRAB's fundamentals show strong revenue growth but a high forward EV/EBITDA ratio and elevated P/S and P/B ratios.
- Compared to peers like Uber, GRAB is less profitable and more expensive, despite operating in a market with lower risk premiums.
- Despite strong short-term technical momentum, GRAB's long-term outlook is negative due to poor fundamentals and overvaluation, earning it a sell rating.
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