Uber Technologies logged a -2.0% change during today's morning session, and is now trading at a price of $42.78 per share.
The company's 50-day average price was $39.03. Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. Based in San Francisco, CA, the large-cap Consumer Discretionary company has 32,700 full time employees. Uber Technologies has not offered a dividend during the last year.
The Business Has Negative Margins on Average:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $14,147 | $11,139 | $17,455 | $31,877 |
| Gross Margins | 49.0% | 53.7% | 46.4% | 38.3% |
| Operating Margins | -60.8% | -43.7% | -22.0% | -5.8% |
| Net Margins | -60.13% | -60.76% | -2.84% | -28.68% |
| Net Income (MM) | -$8,506 | -$6,768 | -$496 | -$9,141 |
| Net Interest Expense (MM) | -325 | -403 | -446 | -426 |
| Net Interest Expense (MM) | -$325 | -$403 | -$446 | -$426 |
| Depreciation & Amort. (MM) | -$472 | -$575 | -$902 | -$947 |
| Earnings Per Share | -$6.81 | -$3.86 | -$0.29 | -$1.66 |
| EPS Growth | n/a | 43.32% | 92.49% | -472.41% |
| Diluted Shares (MM) | 1,248 | 1,753 | 1,896 | 2,024 |
| Free Cash Flow (MM) | -$4,909 | -$3,361 | -$743 | $390 |
| Capital Expenditures (MM) | -$588 | -$616 | -$298 | -$252 |
| Net Current Assets (MM) | -$2,653 | -$9,616 | -$14,606 | -$14,356 |
| Current Ratio | 2.47 | 1.44 | 0.98 | 1.04 |
| Long Term Debt (MM) | $5,707 | $7,560 | $9,276 | $9,265 |
| LT Debt to Equity | 0.4 | 0.62 | 0.64 | 1.26 |
Uber Technologies has a pattern of improving cash flows and growing revenues and decreasing reinvestment in the business. Additionally, the company's financial statements display wider gross margins than its peer group and a strong EPS growth trend. However, the firm has consistently negative margins with a positive growth rate. Finally, we note that Uber Technologies has an average amount of debt.
Uber Technologies does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.9, the company has a forward P/E ratio of 43.4. In comparison, the average P/E ratio for the Consumer Discretionary sector is 22.33. Furthermore, Uber Technologies is likely overvalued compared to the book value of its equity, since its P/B ratio of 11.51 is higher than the sector average of 3.12.
Analysts Give Uber Technologies an Average Rating of Buy:
The 41 analysts following Uber Technologies have set target prices ranging from $32.5 to $75.0 per share, for an average of $50.73 with a buy rating. As of April 2023, the company is trading -23.1% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Uber Technologies has an average amount of shares sold short because 2.6% of the company's shares are sold short. Institutions own 75.4% of the company's shares, and the insider ownership rate stands at 0.18%, suggesting a small amount of insider investors. The largest shareholder is Morgan Stanley, whose 8% stake in the company is worth $7,253,131,719.
