Lyft: Strong Bookings Underscore Dirt-Cheap FCF Multiples

Impact · against what's priced in

The article provides no new material catalysts for Lyft, as its claims of double-digit bookings growth directly contradict the severe revenue deceleration already baked into the current share price.

LYFT+0.20

Challenges what's priced in

The price assumes

A revenue decline at a 12.8% annual rate over the next decade

While the market currently assumes a 12.8% annual revenue decline, the author highlights that Lyft maintains double-digit bookings and revenue growth, suggesting the current price is overly pessimistic.

What LYFT's price assumes · Sep 13

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