Company Analysis

Grab Holdings Limited GRAB

A comprehensive view of key metrics, scores, and financial health for Grab Holdings Limited

Overview of Grab Holdings Limited

GRAB NMS

Technology Software - Application Framework: Software & SaaS Large Cap

Grab Holdings Limited (GRAB), is a Large Cap company, in the Software - Application industry, last closed at $2.72, about 27.2% undervalued vs fair value, -54.2% 1Y return, ranked 448/780 in sector.

Metrics P/E 78.3× Rev Growth 20.5% ROE 4.1% Gross Margin 43.2% Div Yield 0.00%

USD 2.72

0.37%

(Delayed)

• Vol 90d: 40.5%

52-Week Range

Low

2.71

Now 2.72

High

6.12

Market Cap

$11.09B

Enterprise Value

$10.71B

Overall Score

View breakdown

Overall

Growth

Good

Profitability

Good

Health

Fair

Efficiency

Weak

Valuation

Weak

Growth

Good

Profitability

Good

Health

Fair

Efficiency

Weak

Valuation

Weak

Completeness: 100%

Confidence: 95%

Updated: Oct 24

Top Beats

Quick Facts

Website https://www.grab.com/sg

HQ Singapore

Fiscal year Dec 31

Next Events

Earnings Nov 2 Call: Nov 3

Fair Value Snapshot

Bear Base Bull

Current: $2.72 +27% vs base

Engine Room Money Flow™

Large Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps

Total Revenue

$3.4B

20.5%%

Gross Profit

$1.5B

24%%

Operating Income (GAAP)

$65.0M

138.7%%

Operating Cash Flow

$79.0M

-90.7%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Software & SaaS

Data Quality Notes

Operating income is the as-reported (GAAP) figure, the same basis as net income.
Note: 'Free Cash Flow' here is GAAP FCF (Operating Cash Flow − CapEx). Many software companies report an adjusted FCF that also adds back SBC; the Rule of 40 and FCF Margin shown use GAAP FCF, which is the more conservative and investor-relevant figure.
Rule of 40 score is 19.2 — below the 40-point benchmark. The company is not yet balancing growth and profitability at the level typically expected by institutional SaaS investors.

Quality & Reliability Indicators

Gross Margin

43.2%

Fair

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$274.0M

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

2/6

Improving

High Impact

Critical

Stock-Based Compensation Leak

Current: 305.1%

Conversion Leak

Improving

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Scores based on quantitative metrics and qualitative factors

Full moat analysis

Key strengths

R&D Reinvestment Supports Growth R&D commitment is strong relative to peers (score 0.69).
Innovation Converts to Outcomes Innovation payoff is strong (score 0.70), supported by Rule of 40 and revenue compounding.

Key risks

Weak Cash Conversion Cash conversion is weak (score 0.38), limiting evidence of scalable cash generation.
Lumpy Revenue Trajectory Revenue consistency is weak (score 0.28), suggesting demand may be less recurring than peers.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing

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Signals, strengths and risks for Pricing Power

Recurring Revenue Stickiness

Moderate

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Signals, strengths and risks for Recurring Revenue Stickiness

Innovation Engine

Moderate

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Signals, strengths and risks for Innovation Engine

Cash Scalability

Moderate

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Signals, strengths and risks for Cash Scalability

Capital Efficiency

Moderate

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Signals, strengths and risks for Capital Efficiency

Balance Sheet Resilience

Moderate

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Signals, strengths and risks for Balance Sheet Resilience

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 100% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

77th percentile vs peers

Key Signals

Rev Growth YoY 20.5% 73p Revenue CAGR 3Y 33.0% 86p Def Rev Growth 32.8% 83p EPS Growth YoY 3.42 94p TSR 5.7% 58p

Strengths

Revenue CAGR 3Y in top 20% of peers (33.0%, 86th percentile)
Def Rev Growth in top 20% of peers (32.8%, 83th percentile)
Net Debt/EBITDA in top 20% of peers (-3.12, 84th percentile)
Growth above peer median with strong metric coverage (100%)
EPS Growth YoY in top 20% of peers (3.42, 94th percentile)

Risks

No significant risks identified for this axis.

Profitability

42th percentile vs peers

Key Signals

Strengths

Risks

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Safety

59th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Grab Holdings Limited.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$3.46

- - -

+27.2% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Grab Holdings Limited GRAB

Overview of Grab Holdings Limited

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Gross Margin

Locked Metric

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Locked Metric

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Stock-Based Compensation Leak

Locked Leak

Locked Leak

Locked Leak

Locked Leak

Locked Leak

Key strengths

Key risks

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Pricing Power

Recurring Revenue Stickiness

Innovation Engine

Cash Scalability

Capital Efficiency

Balance Sheet Resilience

Growth

Profitability

Safety

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