GRAB HOLDINGS Reports Second Quarter FY2023 Earnings Results on August 30, 2023
August 25, 2023
🌥️Earnings Overview
GRAB HOLDINGS ($NASDAQ:GRAB) reported a total revenue of USD 567.0 million for the quarter ending August 23 2023, a rise of 76.6% compared to the same period in the previous year. However, its net income decreased from -547.0 million in the second quarter of FY2022 to -135.0 million in the same quarter of FY2023. These results were published on June 30 2023.
Price History
On Wednesday, August 30, 2023 GRAB HOLDINGS reported their second quarter earnings results for FY2023. The stock opened that day at $3.5 and closed at $3.7, a soar of 10.8% from its previous closing price of 3.3. This marked a significant increase in the company’s stock and gave investors a positive outlook for the future of GRAB HOLDINGS. The company also announced that they had exceeded their guidance for the quarter with regards to operating income and margin expansion.
This has been attributed to the company’s focus on cost-saving initiatives and new products and services launched in the second quarter. Overall, GRAB HOLDINGS’ second quarter results were encouraging and showcased strong growth across all aspects of the business. With earnings results meeting expectations and the stock price soaring, investors have renewed confidence in GRAB HOLDING’s ability to continue to deliver strong performance into the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Grab Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.98k | -1.09k | -48.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Grab Holdings. More…
| Operations | Investing | Financing |
| -300 | 1.43k | -1.62k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Grab Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.29k | 1.9k | 1.63 |
Key Ratios Snapshot
Some of the financial key ratios for Grab Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -48.8% |
| FCF Margin | ROE | ROA |
| -19.5% | -9.4% | -7.3% |
Analysis
At GoodWhale, we analyze GRAB HOLDINGS‘s fundamentals to provide insights into the company’s financial health. According to our Star Chart, GRAB HOLDINGS is strong in asset and growth, but weak in dividend and profitability. We conclude that GRAB HOLDINGS has an intermediate health score of 5/10 with regards to its cashflows and debt, which implies that the company may be able to safely ride out any crisis without the risk of bankruptcy. We also classify GRAB HOLDINGS as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. The type of investors interested in such companies would likely be those with an appetite for risk, and who are willing to trade stability for the potential to make higher returns. These investors must be aware of the company’s weaknesses and be prepared to adjust their investment strategy accordingly. More…
Peers
The competition between Grab Holdings Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Grab Holdings Inc has a strong presence in Southeast Asia and is expanding into other markets. VEF AB is a Swedish company that specializes in mobile payments. Raiz Invest Ltd is an Australian company that offers a micro-investing platform. The Mint Corp is a Canadian company that offers a mobile app that helps users manage their finances.
– VEF AB ($OTCPK:VEFFF)
Nyfosa is a Swedish real estate company that was founded in 2006. The company focuses on the development and management of commercial properties, primarily in the Stockholm region. As of 2022, Nyfosa has a market cap of 262.88M and a ROE of -6.38%.
– Raiz Invest Ltd ($ASX:RZI)
Raiz Invest Ltd is a financial services company that offers investment and savings products. The company has a market cap of 46.26M as of 2022 and a return on equity of -13.48%. The company’s products include investment accounts, savings accounts, and term deposits. Raiz Invest Ltd is headquartered in Sydney, Australia.
– The Mint Corp ($TSXV:MIT)
The Mint Corp is a publicly traded company with a market capitalization of 9.44 million as of 2022. The company has a return on equity of -145.45%. The Mint Corp is engaged in the business of providing turnkey financial technology solutions to the banking and payments industry.
Summary
Investors should look closely at GRAB HOLDINGS‘ second quarter FY2023 financials, with total revenue for the period coming in at USD 567.0 million, a 76.6% year on year increase. Net income for the quarter was USD -135.0 million, a decrease from the -547.0 million reported in the same quarter of the previous year. Despite this, the stock price moved up on the news, indicating that investors have an overall positive outlook on GRAB HOLDINGS’ future prospects. For investors looking to gain exposure to this company, analyzing its financials and assessing its business model is a crucial step.
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