Lyft, Inc.

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SKU: LYFT Category:

Description

This is our first report on ride sharing major, Lyft. The company’s business in 2022 so far has been impacted to some extent by the Omicron but there has been a sharp recovery in the past quarter. The number of daily average rideshare trips have been increasing gradually. Besides that, their overall market has been improving. The number of active drivers increased by more than 40% in Q1, compared to the same period last year, and new driver activations increased by 70%. In Q1, the company had 17.8 million active users, including rideshare users as well as bike and scooter riders. This mix of new and returning riders represents an increase of more than 4.3 million people, or up 32%, from the previous year. Even though their market has been improving, Lyft intends to keep raising service standards to prepare for future expansion. Overall, we initiate coverage on Lyft with a ‘Buy’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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