Market Pulse50Neutral

Grab Holdings LimitedOpportunity Rank #254(GRAB) Intrinsic Value & DCF Analysis (2026)

Sector: Technology

Current Price

$3.64

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$3.64
Price
$2.38
Intrinsic Value
Overvalued by 35%MOS: $1.90

Fundamental Score

37/100
Bearish

Weighted across 6 signals

Narrative Score

64/100
Improving

-1 vs previous

The intrinsic value of Grab Holdings Limited (GRAB) is estimated at $2.38 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $3.64, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes an 11.39% long-term growth rate and a 9.00% discount rate (calculated: 8.21%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Grab Holdings Limited (GRAB) is estimated at $2.38 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $3.64, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes an 11.39% long-term growth rate and a 9.00% discount rate (calculated: 8.21%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$2.38
▼ -34.62% downside
20% margin of safety: $1.90
Years: 10Growth Rate: 11.39%
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Capital Efficiency

Average Quarterly ROIC
2.42%
Cost of Capital (estimated)8%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

37/100
BearishWeighted across 6 signals
DCF Discount
34.6% premium to price
0
FCF Yield
1.5% trailing FCF yield
0
ROIC vs WACC
ROIC 2.4% vs WACC 8.0% (0.3x)
15
Net Debt / FCF
Net cash position
100
Buybacks
Share count growing
30
FCF CAGR (5Y)
282.1% 5Y FCF CAGR (adjusted)
100
Strengths: Net Debt / FCF, FCF CAGR (5Y). Concerns: DCF Discount, FCF Yield.

Narrative Details

64/100
Improving
-1 vs previousVs 6-Month Baseline:High (83rd pct)Weighted across 4 recent drivers
Trend: Improving upConfidence: 97%Updated: 1h ago
Sources: 55 (54 News · 1 Analyst)
Drivers(last 30 days)
41 news sentiment+0.8
11 regulatory scrutiny+0.6
2 upgrade headlines+0.0
Analyst upgrades+0.0

Investment Coach

Updated 19h ago
AVOIDConfidence: 85%
Thesis
Grab Holdings Limited is currently overvalued with its estimated fair value 33% below the current price, supported by weak fundamentals and a low free cash flow yield of 1.5%. Despite an improving narrative trend, the company's returns are trailing its cost of capital, indicating limited near-term upside.
Key Risk
The primary risk is the sustained negative spread between ROIC and WACC, which could continue to pressure returns and valuation.
Signals To Watch
  • Price moving to at least a mid-teens discount to fair value
  • Sustained improvement in ROIC versus WACC spread
  • Meaningful shifts in the narrative trend score direction
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Historical Growth Rates
Free Cash Flow- - -Trend CAGR (Adjusted): 282.98%5 Year CAGR (Adjusted): 305.18%

Free Cash Flow (in millions)

TTM2025202420232022202120202019
$210$328$929$157-$740-$881-$603-$1,972

How Intrinziq Estimates Fair Value

Intrinziq estimates Grab Holdings Limited's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Grab Holdings LimitedTechnology

Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.