Should you buy Grab?
Grab. The Makings of a SuperApp! Equity Research! Part 3/3
Welcome to the 3rd and final part of my Grab Deep Dive!
In the first part, we discussed how Grab came to dominate the 700M people-strong region of Southeast Asia!
Meanwhile, in the second part, we explored Grab’s network effects and took a look at the competition!
For those extra curious, feel free to check out Parts 1 and 2!
Today, I am going to explain Grab’s biggest opportunities (290M underbanked people) and take a look at its finances. Lastly, this report will conclude with the valuation (200% upside? Maybe)
1. Opportunities
2. Financial Analysis
3. Valuation
4. Conclusion
1. Opportunities
By now, it is clear that Grab is quite a popular company, however, as investors, we should invest in companies that have ample opportunities for growth.
Let’s take a look at how Grab could grow its business!
Financial Services
Southeast Asia has a large unbanked and underbanked population of 290 million people. Even more strikingly, with an estimated 50% of the population being underbanked, the region has more people with mobile phones (73%) than people with bank accounts.
Grab’s mobile-first financial platform is well-positioned to gain 10s of millions of new users in the next decade!
Grab already had 23.3M