Lyft, Inc. (LYFT) – Economic downturn & varying commuter habits

Lyft, Inc. (Q1FY23)

Introduction

Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.

The company also integrates third-party public transit data into the app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs.

Highlights

LYFT’s revenue growth has slowed in the last three quarters. As schools, colleges, and
offices reopen, in the coming quarters, we expect an increase in Active Riders. Currently, LYFT’s revenue has a significant impact on slower growth due to its supply-demand platform offering strategy.

Stock Performance

Lyft, Inc. stock price showed a volatile trend in the past 3-months period and gave a 7% return. The stock price declined by 32% in the past 1-year. The stock has a 52-week high of $21.52 and a 52-week low of $7.85.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Key Metrics
– Key Developments
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages : 29

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