Uber Technologies, Inc. UBER

Name: UBER Crucible Score
Creator: Kaladin Capital Intelligence

TechnologySoftware - ApplicationNYSE📅 Scored March 7, 2026

Price at analysis: $72.47

Crucible Score

68.8

Quality × Value Composite

KQI — Quality

70.3

Fundamental Quality Index

KVI — Value

67.1

B-

Valuation Attractiveness Index

Crucible Verdict — UBER

Uber Technologies shows solid execution under Khosrowshahi's leadership, with strong growth momentum (78 score) and impressive diversification gains as the platform expands beyond rides into delivery and freight. UBER trades at a 14% discount to fair value despite beating earnings expectations 76% of the time over recent quarters. The company's moat remains intact as network effects strengthen across multiple verticals.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

62.7

Growth Profile

78.1

Moat Durability

65.0

Management Effectiveness

70.8

Diversification & Resilience

79.2

Market Position

72.0

Weakest dimension: Financial Quality (62.7)

◆ KVI Value Dimensions

DCF Margin of Safety

64.0

FCF Yield & Cash Returns

74.5

Relative Valuation

83.5

Growth-Adjusted Value

35.0

Historical Valuation

74.3

Macro Context

92.6

◆ DCF Valuation Scenarios

Bear Case

$55.12

Base Case

$82.35

Bull Case

$119.48

Price at Analysis

$72.47

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$55.12	8.0%	12.0%	11.2%
🟢 Base	$82.35	11.0%	15.0%	10.5%
🟢 Bull	$119.48	14.0%	18.0%	9.8%

Key Assumptions: Revenue growth anchored to the ~18% trailing 5-year CAGR but decelerating as Uber matures; operating margins expand from ~10.7% toward 12-18% terminal levels reflecting platform scale economics but tempered by competitive intensity in mobility and delivery. WACC uses CAPM with 4.39% risk-free rate, 1.22 beta, and 5.5% ERP (base ~11%), with bear/bull adjusting +/-70bps. Tax rate normalized to 15% reflecting Uber's significant NOL carryforwards gradually depleting over the projection period. Capex intensity remains very low at ~0.7% of revenue consistent with asset-light model.

◆ Financial Snapshot

Profitability

Gross Margin39.8%

Operating Margin10.7%

Net Margin19.3%

ROIC10.3%

ROE-24.4%

Balance Sheet

Balance SheetCR: 1.14

Cash ConversionFCF/EPS: 0.97x

Capital IntensityCapex/Rev: 0.6%

Altman Z-Score3.75 (Safe)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR31.4% CAGR

Earnings CAGR116.0% CAGR

Growth ConsistencyCV: 0.93

Segment Breadth3/5 growing (60%)

Quarterly TrendMargin↑, Cash↓, Exp↓

Earnings CredibilityTends to Beat

◆ Revenue Breakdown — FY2025

By Segment

Mobility57.0%

Delivery33.2%

Freight9.8%

By Geography

United States And Canada58.2%

EMEA31.2%

Asia Pacific6.8%

Latin America3.9%

Total Revenue

$86.4B

Fiscal Year 2025

◆ Analyst Consensus & Leadership

Analyst Price Targets

Avg Target (Last Quarter)$101.00

Analysts Covering (Quarter)19

Avg Target (Last Year)$108.49

Analysts (Year)41

Leadership & Governance

CEODara Khosrowshahi · 9 years

CEO Ownership3.7%

Compensation95% performance-based

Insider ActivityStrong Buying

Capital AllocationROIC 10.3% vs WACC 2.6%

Earnings Beat Rate76% (17/22)

◆ Company Profile

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

CEO

Dara Khosrowshahi

Employees

31100

Headquarters

San Francisco, CA, US

IPO Date

May 10, 2019

Exchange

NYSE

Website

uber.com

◆ Related Companies in Our Universe

Other Technology companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.