Grab: The Market Got This One Wrong

Jamelle Danne Rosales7 FollowersFollow5ShareSavePlay(23min)Comments(2)SummaryGrab Holdings is rated Buy, driven by robust EBITDA growth, a strong balance sheet, and underappreciated catalysts in financial services and deliveries.GRAB trades at 13.2x forward EV/EBITDA, with 42% EBITDA growth guided for 2026 and $1.5 billion EBITDA targeted for 2028, excluding upcoming acquisitions.Key catalysts include GrabFin breakeven in H2 2026, GrabMart's accelerated growth, and additive contributions from Taiwan and Stash acquisitions.Risks include Indonesian regulatory shifts, competitive delivery incentives, and energy price volatility, but $5.4 billion net cash provides downside protection.PeopleImages/iStock via Getty Images Investment Summary Let me start this article off by saying that I may sound biased because I'm a first-hand customer/consumer of Grab's (GRAB) products and services, but this doesn't change the fact that this is aThis article was written byJamelle Danne Rosales7 FollowersFollowI am an independent investor focused on identifying emerging companies with asymmetric long-term upside. My investing approach combines fundamental analysis, industry research, and scenario-based valuation modeling. I write about companies and industries where new technologies or business models may reshape existing markets. My goal is to present clear, research-driven investment theses (that is hopefully easy to understand) that help investors evaluate both the potential upside and the associated risks.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.