Time To Buy? Grab's Leadership Equates To Its Willingness To Spend
- Grab is leading the mobility, delivery, and e-wallet segments by its willingness to spend on consumer and partner incentives.
- Profitability will be in sight should incentive expenditure normalize amid recovering mobility segment.
- Shortage of drivers/riders is expected to keep Grab's partner incentive expenditure high as overall supply declines, especially during peak hours.
- Consumer incentive expenditure is showing signs of normalizing and could propel Grab to profitability as revenue growth could outpace consumer incentive expenditure growth.
- Dollar-cost averaging into Grab can be justified on the basis of net of net cash liquidity as Grab is priced at only 3.4x 2022Q1 annualized revenue compared to UBER's 6x.
- Profitability will be in sight should incentive expenditure normalize amid recovering mobility segment.
- Shortage of drivers/riders is expected to keep Grab's partner incentive expenditure high as overall supply declines, especially during peak hours.
- Consumer incentive expenditure is showing signs of normalizing and could propel Grab to profitability as revenue growth could outpace consumer incentive expenditure growth.
- Dollar-cost averaging into Grab can be justified on the basis of net of net cash liquidity as Grab is priced at only 3.4x 2022Q1 annualized revenue compared to UBER's 6x.
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