Added to YB: 2026-10-01
Pitch date: 2026-09-26
GRAB [bullish]
Grab Holdings Limited
-3.07%
current return
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Market Cap
$12.2B
Pitch Price
$3.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.53
P/E
26.05
EV/Sales
2.17
Sector
Ground Transportation
Category
special_situation
Grab Atome Acquisition
GRAB: Grab’s $1.49 billion cash purchase of 60% of Atome fills its missing unsecured-consumer-underwriting capability at roughly 2.8x Atome’s $800 million annualized net-revenue run rate; the remaining 40% is due around 2029 at a performance-based but floored price. The combination could create a full credit ladder with Grab’s digital banks, but deferred integration and regulatory and credit-quality risks mean full integration is a 2030 story.
Read full article (10 min)