TIP821: Grab Holdings (GRAB): Why Uber Surrendered Southeast Asia w/ Shawn O’Malley & Daniel Mahncke
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast NetworkShow Notes
Shawn O'Malley and Daniel Mahncke explore Grab Holdings (ticker: GRAB).
In this episode, you'll learn how Grab was able to quickly grow across eight countries in Southeast Asia, and what local adaptations they made to outmaneuver Uber, which eventually ceded its entire market share to Grab.
Despite Grab’s astronomical successes, the company’s stock is down 70% since IPO, and investors are wondering if perhaps now is finally a good entry point after the company reached its first full year of profitability. Shawn and Daniel discuss and estimate Grab’s intrinsic value, plus so much more!
IN THIS EPISODE YOU’LL LEARN: (00:00:00) Intro
(00:04:45) How Grab was able to outcompete Uber
(00:11:46) What unique advantages Grab has been able to take advantage of in Southeast Asia
(00:13:42) Why Grab’s lending business fits so naturally into its flywheel
(00:57:26) What are the biggest risks facing the company
(00:41:21) Why Grab’s profit margins are inflecting so dramatically, and where they could land
(01:02:55) What makes Southeast Asia such an appealing market to invest in long-term
(01:11:03) How to think about Grab’s intrinsic value and attractiveness as an investment
(01:14:26) Whether Shawn and Daniel decide to add Grab to the Intrinsic Value Portfolio
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
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Compound with Rene’s deep dive into Grab.
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Check out our previous Intrinsic Value breakdowns: Transdigm, Salesforce, Berkshire Hathaway, FICO, PayPal, Uber, Nike, Amazon, Airbnb, Alphabet.
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