Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Common Stock Valuation Ratios (Price Multiples)

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Current Valuation Ratios

Uber Technologies Inc., current price multiples

Microsoft Excel
Uber Technologies Inc. FedEx Corp. Union Pacific Corp. United Parcel Service Inc. Transportation Industrials
Selected Financial Data
Current share price (P) $69.13
No. shares of common stock outstanding 2,105,709,325
Growth rate (g) -58.02%
 
Earnings per share (EPS) $0.90
Next year expected EPS $0.38
Operating profit per share $0.53
Sales per share $17.70
Book value per share (BVPS) $5.34
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 77.14 16.53 22.17 16.95 24.93 27.44
Price to next year expected earnings 183.75 15.20 18.10 16.75 30.30 27.77
Price to operating profit (P/OP) 131.14 12.88 15.57 12.44 19.48 23.34
Price to sales (P/S) 3.90 0.82 5.86 1.25 1.95 2.35
Price to book value (P/BV) 12.94 2.60 9.56 6.57 6.80 7.56

Based on: 10-K (reporting date: 2023-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Uber Technologies Inc., historical price multiples

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Price to earnings (P/E) 89.56
Price to operating profit (P/OP) 152.26
Price to sales (P/S) 4.53 2.16 3.90 9.07 4.00
Price to book value (P/BV) 15.02 9.36 4.71 8.24 3.99

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Uber Technologies Inc. P/S ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Uber Technologies Inc. P/BV ratio increased from 2021 to 2022 and from 2022 to 2023.

Price to Earnings (P/E)

Uber Technologies Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 2,076,497,400 2,009,907,175 1,954,464,088 1,858,167,579 1,723,775,076
Selected Financial Data (US$)
Net income (loss) attributable to Uber Technologies, Inc. (in millions) 1,887 (9,141) (496) (6,768) (8,506)
Earnings per share (EPS)2 0.91 -4.55 -0.25 -3.64 -4.93
Share price1, 3 81.39 34.20 34.87 54.40 32.85
Valuation Ratio
P/E ratio4 89.56
Benchmarks
P/E Ratio, Competitors5
FedEx Corp. 16.11 14.80 15.07 33.43 82.00
Union Pacific Corp. 23.85 17.97 23.67 25.57 21.44
United Parcel Service Inc. 18.89 13.27 14.11 104.33 20.59
P/E Ratio, Sector
Transportation 27.02 30.56 20.01 347.91 133.39
P/E Ratio, Industry
Industrials 25.76 36.38 33.32 161.96 49.05

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
EPS = Net income (loss) attributable to Uber Technologies, Inc. ÷ No. shares of common stock outstanding
= 1,887,000,000 ÷ 2,076,497,400 = 0.91

3 Closing price as at the filing date of Uber Technologies Inc. Annual Report.

4 2023 Calculation
P/E ratio = Share price ÷ EPS
= 81.39 ÷ 0.91 = 89.56

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Uber Technologies Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 2,076,497,400 2,009,907,175 1,954,464,088 1,858,167,579 1,723,775,076
Selected Financial Data (US$)
Income (loss) from operations (in millions) 1,110 (1,832) (3,834) (4,863) (8,596)
Operating profit per share2 0.53 -0.91 -1.96 -2.62 -4.99
Share price1, 3 81.39 34.20 34.87 54.40 32.85
Valuation Ratio
P/OP ratio4 152.26
Benchmarks
P/OP Ratio, Competitors5
FedEx Corp. 13.03 9.07 13.46 17.79 9.92
Union Pacific Corp. 16.75 12.68 16.53 17.46 14.83
United Parcel Service Inc. 13.86 11.70 14.20 18.23 11.72
P/OP Ratio, Sector
Transportation 21.11 14.75 19.99 32.20 26.12
P/OP Ratio, Industry
Industrials 21.90 20.37 21.72 48.99 19.39

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
Operating profit per share = Income (loss) from operations ÷ No. shares of common stock outstanding
= 1,110,000,000 ÷ 2,076,497,400 = 0.53

3 Closing price as at the filing date of Uber Technologies Inc. Annual Report.

4 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 81.39 ÷ 0.53 = 152.26

5 Click competitor name to see calculations.


Price to Sales (P/S)

Uber Technologies Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 2,076,497,400 2,009,907,175 1,954,464,088 1,858,167,579 1,723,775,076
Selected Financial Data (US$)
Revenue (in millions) 37,281 31,877 17,455 11,139 14,147
Sales per share2 17.95 15.86 8.93 5.99 8.21
Share price1, 3 81.39 34.20 34.87 54.40 32.85
Valuation Ratio
P/S ratio4 4.53 2.16 3.90 9.07 4.00
Benchmarks
P/S Ratio, Competitors5
FedEx Corp. 0.71 0.61 0.94 0.62 0.64
Union Pacific Corp. 6.31 5.05 7.08 7.00 5.85
United Parcel Service Inc. 1.39 1.53 1.87 1.66 1.23
P/S Ratio, Sector
Transportation 2.11 1.61 2.19 2.28 1.78
P/S Ratio, Industry
Industrials 2.21 1.90 2.13 2.17 1.88

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
Sales per share = Revenue ÷ No. shares of common stock outstanding
= 37,281,000,000 ÷ 2,076,497,400 = 17.95

3 Closing price as at the filing date of Uber Technologies Inc. Annual Report.

4 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 81.39 ÷ 17.95 = 4.53

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Uber Technologies Inc. P/S ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Price to Book Value (P/BV)

Uber Technologies Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 2,076,497,400 2,009,907,175 1,954,464,088 1,858,167,579 1,723,775,076
Selected Financial Data (US$)
Total Uber Technologies, Inc. stockholders’ equity (in millions) 11,249 7,340 14,458 12,266 14,190
Book value per share (BVPS)2 5.42 3.65 7.40 6.60 8.23
Share price1, 3 81.39 34.20 34.87 54.40 32.85
Valuation Ratio
P/BV ratio4 15.02 9.36 4.71 8.24 3.99
Benchmarks
P/BV Ratio, Competitors5
FedEx Corp. 2.45 2.27 3.26 2.35 2.49
Union Pacific Corp. 10.29 10.34 10.90 8.07 7.00
United Parcel Service Inc. 7.32 7.75 12.76 213.26 27.98
P/BV Ratio, Sector
Transportation 7.37 6.30 7.21 8.74 5.98
P/BV Ratio, Industry
Industrials 7.09 5.60 5.49 5.98 6.61

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
BVPS = Total Uber Technologies, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= 11,249,000,000 ÷ 2,076,497,400 = 5.42

3 Closing price as at the filing date of Uber Technologies Inc. Annual Report.

4 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 81.39 ÷ 5.42 = 15.02

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Uber Technologies Inc. P/BV ratio increased from 2021 to 2022 and from 2022 to 2023.