Uber stock analysis. Ticker: UBER Join my newsletter: https://www.3minutebreakdowns.com Uber just reported earnings and the stock jumped by 4%. Shares are now up 100% year-to-date making it one of the best performing stocks of 2023. At the latest share price, Uber has a market cap of 105 billion ...

Uber stock analysis. Ticker: UBER Join my newsletter: https://www.3minutebreakdowns.com Uber just reported earnings and the stock jumped by 4%. Shares are now up 100% year-to-date making it one of the best performing stocks of 2023. At the latest share price, Uber has a market cap of 105 billion dollars. The balance sheet includes 5.2 billion of unrestricted cash as well as 5 billion of investments mostly in Chinese ride-hailing company Didi and Asian super-app Grab. It’s also got 9 billion of debt taking the enterprise value to 104 billion. Although Uber is performing well this year, if you zoom out you’ll see the stock is only up 11% from its 2019 IPO. That shows just how overvalued the company was when it came to the public market. Looking at the fundamentals, Uber is in a much better position now than it was then. In 2019, Uber posted an operating loss of $8.6 billion. That metric turned positive in the second quarter of this year. Free cash flow in 2019 was negative $5 billion. This year, Uber should generate well past $3 billion in cash. And total revenue has increased from 13 billion in 2019 to 36 billion over the last 12 months. #stocks #investing #uberstock #stockstobuy