《大行報告》中金大幅上調UBER(UBER.US)目標價至78.8美元 新業務貢獻強勁增量
中金發表報告指,UBER(UBER.US)上季收入按年增15%至99億美元,高於一致預期1.6%;經調整 EBITDA達13億美元,高於此前指引高端且高於一致預期4.6%,對應經調整EBITDA率3.4%,核心業務激勵支出持續降低,以及單均效率提升。
中金指,展望今年首季,UBER預計交易額達370至385億美元,中值高於此前一致預期的373億美元;預計經調整EBITDA在12.6至13.4億美元,高於此前一致預期的12.3億美元。
考慮到新業務增速企穩,中金上調UBER今年收入3%至440億美元;考慮到核心業務利潤率釋放,上調今年盈利預測8%至48億美元,並引入明年收入和盈利預測511億和75億美元。維持「跑贏行業」評級,由於估值、盈利預期均有上調,上調目標價49%至78.8美元。
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