Maplebear (CART), better known as Instacart, has drawn fresh attention as investors weigh its recent share performance against reported revenue of US$3.742b and net income of US$438m in its latest available figures.
See our latest analysis for Maplebear.
At a share price of US$37.19, Maplebear has seen a 4.12% 1 day share price return and a 17.32% decline over 90 days, while the 1 year total shareholder return of 7.53% decline suggests momentum has been fading recently.
If Instacart’s recent swings have your attention, it can be useful to see what else is moving and compare across themes using the 20 top founder-led companies
With revenue of US$3.742b, net income of US$438m and a recent pullback in the share price, the key question is whether Instacart is trading below its underlying worth or if the market is already pricing in future growth.
Most Popular Narrative: 24.9% Undervalued
Compared with the last close at $37.19, the most followed narrative pegs Maplebear’s fair value at $49.52, using a 6.978% discount rate and detailed long term forecasts.
Deepening enterprise partnerships and a growing suite of omnichannel retailer integrations (such as Storefront, Carrot Ads, Caper Carts, Carrot Tags) are increasing stickiness with major retail chains, creating new recurring revenue streams and driving higher-margin, non-transaction-based revenues (for example, advertising and in-store technology). This is described as making the business model less volatile and supporting sustainable margin expansion and earnings resilience.
Curious what revenue path, margin profile and future P/E multiple need to line up for that fair value? The narrative rests on specific growth, profitability and capital return assumptions that deserve a closer look.
Result: Fair Value of $49.52 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this story can change quickly if labor regulations push up costs or if retail partners and rivals squeeze margins harder than analysts currently assume.
Find out about the key risks to this Maplebear narrative.
Next Steps
If this narrative feels optimistic or cautious to you, do not wait on others to decide what it means. Review the company’s positives in the 2 key rewards
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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