UBER
Uber Technologies
Platform / Network
★ Quality 66/100Price today
$66.70
Current discount
+144.4%
charlieapp.co
We are reviewing the data for this asset. For now we are not showing the calculated value or the signal — both come back as soon as the review is done.
What this business is made of
Price vs Intrinsic Value
The line is the price month by month; the green band marks when it's undervalued (−20% off value). When the price drops in there, the discount is real, not opinion.
How many times the cash flow
Platform / Network · vs 27 peers
You pay 14.5x times this business's cash flow; its sector median is 28.7x.
144% below what Charlie thinks it's worth (35.4x) — that gap is your safety margin.
Why does Charlie give it 35.4x?
The multiple is how many times its cash flow the business is worth.
An average business of its kind is worth 28.7x. This one rises from there:
Reinvests at high returns. every dollar it reinvests earns far above its cost.
Grows 31% a year. next year's cash flow will be larger than today's.
That's why it's worth 35.4x, more than the 28.7x average.
The business
Uber takes a cut of every ride and every meal that crosses the city.
Uber connects riders with drivers and diners with restaurants, keeping a commission on every transaction. In 2025 it moved $193B in gross bookings and generated $52B in revenue, with two engines: mobility and food delivery.
The value grows with every user: more riders attract more drivers, and vice versa. With 200M+ monthly active users, that network is expensive to copy, but not impossible — drivers and customers hop from app to app at no cost. It's a wide moat, not a deep one.
Revenue history
From $17.5B to $52.0B in 4 years — nearly 3.0x its size. Selling more and more is the base of everything else.
Where each $100 of sales goes
Revenue $52.0B · FY2025
Of every $100 in sales, $81 goes to costs and operations; $19 is left as net profit (19% margin).
Catalysts and risks
Driverless robotaxis already running: Zagreb (Pony AI), Dubai (WeRide), tests in Austin.
FCF of $9.8B in 2025, growing ~70% year over year.
Gross bookings +22%, with operating margin in full expansion.
Labor regulation in Europe and the UK: reclassifying drivers as employees spikes costs.
Autonomous driving could strengthen or disintermediate Uber depending on who controls the fleet.
Fragile loyalty: users and drivers switch apps without friction.
Charlie's note
“Paying 29x for a business that grows at 18% and converts bookings into cash like few others isn't a steal, but it's no gift either. The moat exists; you just have to swim across it. At this multiple, you're paying for flawless execution, not for a discount.”
Analysis · July 2026
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.