Grab's projected earnings growth makes its 16.9x next-twelve-month earnings multiple look cheap. Management projects revenue CAGR above 30% and EPS CAGR around 40% through 2028, with Financial Services reaching adjusted EBITDA breakeven in H2 2026 and $500M by 2028. CEO Anthony Tan bought $30M of shares at $2.89, around today's price; Grab's $900M buyback equals 7.5% of market cap. Very few opportunities are as compelling as Grab. x.com 

Uber is one of the most interesting opportunities in the market, down 31% from its highs while printing more cash. The market treats it as a low-margin business that autonomous driving could disrupt, missing its real moat: distribution. A network of consumers, drivers and merchants is very hard to replicate and lets it add verticals without paying acquisition costs again. Uber also owns about 13% of Grab, down 85% and building financial services on the same model. x.com 

Uber will suffer from autonomous vehicles, and at 21x EV/EBITDA the stock leaves no room for that risk. It becomes interesting only below 7x. x.com 

Uber is well on its way to becoming a compounding machine: revenue and free-cash-flow growth have been strong and consistent, while its moat widens through network effects and its flywheel ecosystem. At 23x forward earnings it looks like a very interesting opportunity, and the bear narratives are often overblown. x.com 

Uber's rising operating margins make the market's apparent dismissal of it look misplaced. Its trailing operating margin climbed from -13% in March 2022 to 12% in June 2026, continuing the earlier case that improving profitability is underappreciated. x.com 

Uber cannot be owned until its robotaxi strategy and economics are clearer, including whether it stays asset-light or pivots to asset-heavy. Calling it 10 times 2027 free cash flow may be unfair if an asset-heavy pivot sends that cash into capex. Google puts global ridesharing at $150-180 billion in gross bookings a year, reaching $200 billion by decade's end, likely not big enough for Waymo, Tesla and Uber to all win while each spends tens of billions on fleets. x.com  x.com  x.com 

Uber's high growth and lower starting multiple make it the pick to reach $100 before Netflix. x.com  x.com 

Grab has about 2x potential through FY29/FY30 but not much more: solid, though less exciting than other names. Revenue of about $8B in FY29 at 19% net margins would give $1.52B of net income, or $0.37 EPS on 4.1B shares. About 20x is fair, against Uber at roughly 18x, given its financial-services potential and Southeast Asia risk, implying $7.40, a 130% gain. A recovery play like Snap may have more upside, with more risk. x.com 

Uber looks rather negative because driver reclassification, consumer cutbacks and easy switching threaten its business. Making drivers employees could raise costs and push ride prices up around 40%. Food delivery and comfort rides are cut when budgets tighten; riders switch to Lyft or Bolt for a few euros. Tesla or Waymo could bypass Uber with their own apps, and Google can scale quickly. Despite being a great company, Uber has too many unknowns; it is preferable to stay on the sidelines. x.com 

Uber Technologies looks cheap against its cash earnings at $70.24. It trades at 17 times cash earnings, while software companies usually get 30 times. Thirty times next year's cash earnings implies fair value of $113.88–144.94, leaving the stock 38% below the low end. x.com