The market is mispricing Grab Holdings ($GRAB) by looking at trailing earnings instead of forward free cash flow. With $5.3 Billion in Net Cash and 15 consecutive quarters of EBITDA improvement, the downside is capped, and the upside is asymmetric.

EXCLUSIVE CONTENT INSIDE THE PDF:

  • The "Fintech Inflection" Model: Exact timeline for when the Fintech segment flips from loss to profit (H2 2026).

  • The Valuation Matrix: Detailed DCF breakdown targeting $6.50 (Base) to $8.50 (Bull).

  • The Hidden Asset: Analysis of the "Daily Deductions" credit moat that traditional banks cannot replicate.

I have compiled my full research, including the Bear/Bull scenario analysis and unit economics breakdown, into a single institutional-grade report.

GRAB_Superapp_Profit_Engine.pdf.pdf

GRAB_Investment_thesis

13.53 MBPDF File