Valuation - Analyz(e)dge

🚗UBER: Its a Verb

Sandeep Kumar Rai December 15, 2024

TLDR; From money loosing to free cash flow of $2.1B(+133% YoY) Good growth in existing mature markets. Expansion in new markets (Japan, Spain, Argentina, Germany, South Korea, Italy) Uber has smart strategic partnerships with its competitors. Uber owns a 27.5% stake in Grab (Southeast Asian Uber) If Waymo and Tesla dominate the US market, they ... Read more

Financials Analysis

🥤Celsius Holdings: Specialized Drinks

Sandeep Kumar Rai December 1, 2024

TLDR; CELH Q3 FY24 Results: Revenue down 31% YoY, Net Income down 92% YoY, but International Sales up 37% YoY. Business Overview: Functional energy drink brand targeting fitness enthusiasts with low-calorie, no-sugar drinks. Competitors: CELH has 3% market share, vs. MNST (35%), Red Bull (25%), and Rockstar Energy (14%). Valuation: CELH's FCF margin is 16.5%, ... Read more

Financials Analysis

JD.com: Navigating Growth Challenges!

Sandeep Kumar Rai November 14, 2024

JD.com TLDR; Strong direct sales model ensuring product authenticity. Robust logistics network. Proven ability to expand margins. Strong performance in electronics and appliances categories. Recent weak revenue growth. Dependence on Chinese market conditions. Potential benefits from government consumption stimulus. Trade-in programs for consumer durable goods. Expansion into new product categories or services. JD.com Q3 FY24 ... Read more

Financials Analysis

🔍 Google: AI Tailwinds

Sandeep Kumar Rai October 30, 2024

Google HQ TLDR; Advertising: $65.9 billion (+10%, down from +11% in Q2). Search: $49.4 billion (+12%). YouTube ads: $8.9 billion (+12%). Network: $7.5 billion (-2%). Subscriptions, platforms, and devices: $10.7 billion (+28%). Cloud: $11.4 billion (+35%, accelerating from +29% in Q2). Small Buyback Increase. Cheap Valuation. Google's Q3 FY24 Results: Revenue grew +15% Y/Y to ... Read more

Analysis

Nike: A Comeback Takes Time!

Sandeep Kumar Rai July 2, 2024

TLDR; Jordan Brand was 17% of Nike’s overall revenue in FY24, growing 6% Y/Y. In 2023, Nike footwear sales were greater than Adidas, Under Armour and Puma combined. NKE has a forward P/E of 22.15x, well below the average 5 year P/E of 35.60x. FY25 revenue guidance down to single digit. Shares price down by ... Read more

Analysis

Starbucks: Brewing Coffee Dominance?

Sandeep Kumar Rai May 8, 2024

TLDR; When it was cheap to get loans (3.6% Interest), company borrowed a lot of money for growth to open up more stores across globe, which was great a move. Global avg ticket size : Starbucks($7.85), Dunkin'($4.22), McDonald's($5.20) and Luckin Coffee($2.17) High interest environment is restricting consumers with discretionary spends. Diversify more stores outside US. ... Read more