With Uber reporting next week I decided to go back to their investor presentation from February, because they had something that left an impression on me. They have a 3yr outlook that follows:
Gross booking growth: mid to high teens CAGR
Adjusted ebitda growth: high 30s% to 40% CAGR
Free cash flow as a % of adjusted ebitda: 90%+
The free cash flow growth is what caught my eye, cause it’s 90%+ which means it could grow much more than that. Add to that their partnership with different av in the U.S and recently Europe it looks like a no brainer. I’m only just wondering when I should slow down my buys. Already have some shares at $70 cost basis. I think anything below $75 was an obvious buy, but it’s flying recently. Although, I still think it’s a buy, it starting to get a bit high. What are you guys thought?