As of April 21, 2026, Uber Technologies Inc has a Discounted Cash Flow (DCF) derived fair value of $149.88 per share. With the current market price at $77.49, this represents a potential upside of 93.4%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $104.77 |
| DCF Fair Value (10-year) | $149.88 |
| Potential Upside (5-year) | 35.2% |
| Potential Upside (10-year) | 93.4% |
| Discount Rate (WACC) | 7.7% - 9.7% |
Revenue is projected to grow from $52017 million in 12-2025 to $124991 million by 12-2035, representing a compound annual growth rate of approximately 9.2%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2025 | 52017 | 18% |
| 12-2026 | 54666 | 5% |
| 12-2027 | 62528 | 14% |
| 12-2028 | 70505 | 13% |
| 12-2029 | 79527 | 13% |
| 12-2030 | 86650 | 9% |
| 12-2031 | 91200 | 5% |
| 12-2032 | 99270 | 9% |
| 12-2033 | 108573 | 9% |
| 12-2034 | 119039 | 10% |
| 12-2035 | 124991 | 5% |
Net profit margin is expected to improve from 20% in 12-2025 to 21% by 12-2035, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2025 | 10146 | 20% |
| 12-2026 | 5761 | 11% |
| 12-2027 | 8015 | 13% |
| 12-2028 | 10564 | 15% |
| 12-2029 | 13552 | 17% |
| 12-2030 | 16459 | 19% |
| 12-2031 | 17662 | 19% |
| 12-2032 | 19590 | 20% |
| 12-2033 | 21820 | 20% |
| 12-2034 | 24353 | 20% |
| 12-2035 | 26016 | 21% |
with a 5-year average of $270 million. Projected CapEx is expected to maintain at approximately 1% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2026 | 304 |
| 12-2027 | 361 |
| 12-2028 | 438 |
| 12-2029 | 526 |
| 12-2030 | 608 |
| 12-2031 | 670 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 29 |
| Days Inventory | 0 |
| Days Payables | 11 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2026 | 7878 | 2131 | 469 | 545 | 4733 |
| 2027 | 10977 | 2964 | 537 | 327 | 7148 |
| 2028 | 14498 | 3907 | 605 | 544 | 9442 |
| 2029 | 18627 | 5012 | 683 | 691 | 12241 |
| 2030 | 22649 | 6088 | 744 | 445 | 15373 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 104.77 | 35.2% |
| 10-Year DCF (Growth) | 149.88 | 93.4% |
| 5-Year DCF (EBITDA) | 124.14 | 60.2% |
| 10-Year DCF (EBITDA) | 169.53 | 118.8% |
Is Uber Technologies Inc (UBER) a buy or a sell? Uber Technologies Inc is definitely a buy. Based on our DCF analysis, Uber Technologies Inc (UBER) appears to be significantly undervalued with upside potential of 93.4%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider a strong buy at the current market price of $77.49.