Grab is involved ride hailing, food delivery and financial services in several countries in South East Asia.
Its highest price in January 2021 was $13.90. The current price is $2.96. The price had dropped by 79%.
Grab showed an EPS (trailing 12 months) of -$0.83, i.e. a loss of 83 cents. The current share price of $2.96 presents 3.5 times of the annual loss.
The book value per share is $1.86 and the cash per share is $1.77. The current cash will last 2 years of losses.
If Grab is not able to turn around and be profitable, it will run out of cash in 2 years time. It will need to raise additional capital from shareholders.
I own 1,000 shares of Grab. It is showing a loss.
The prospects for Grab is not encouraging.
Note - this is a personal view. I am not giving investment advice.
Tan Kin Lian