The 48 page paper gives good insight into the case for the valuation. We are only at the tip of the iceberg for the potential of the company. https://files.pitchbook.com/website/files/pdf/3Q_2018_Morningstar-PitchBook_Uber_May_Pick_Up_Investors_Along_With_Riders_In_Its_IPO.pdf
Awesome
Theyโve crossed $10b revenue/yr and growing. Given that with 10x multiplier it seems reasonable. Congrats!
If the profit margin is 10% (which is a much higher number than reality), then their profit would be $1b/yr. That would mean a PE multiplier of 110.
Maybe they can get away with high PE ratios like Amazon and Netflix.. saying they are investing in future ๐
FB down an Uber overnight
Wow! This is great. I saw Uber regain temporary Licence in London, I think that should be great news to Uber too.
Thanks for sharing! What do you think of the potential of waymo ยฑ Google maps disrupting Uber?
Thatโs discussed in the paper. I would point you to this too. https://www.reuters.com/article/us-tech-codeconference/uber-waymo-in-talks-about-self-driving-partnership-uber-ceo-idUSKCN1IW0HI