What is Uber Technologies, Inc worth?
With the base-case assumptions below, a discounted cash flow model on Uber Technologies, Inc's reported free cash flow gives $148.47 per share. The share price was $69.62 on September 25, 2026, 53% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $88.76 | +27% |
| Base | 15.0% | 9.0% | $148.47 | +113% |
| Bull | 20.0% | 8.0% | $259.66 | +273% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $193.68 | $207.78 | $225.01 | $246.54 | $274.23 |
| 8.0% | $159.72 | $168.86 | $179.66 | $192.63 | $208.47 |
| 9.0% | $135.01 | $141.26 | $148.47 | $156.88 | $166.83 |
| 10.0% | $116.27 | $120.72 | $125.75 | $131.51 | $138.15 |
| 11.0% | $101.61 | $104.87 | $108.51 | $112.61 | $117.25 |
Where the presets come from
Base: years 1 to 5 grow at Uber Technologies, Inc's revenue growth rate over the last 5 fiscal years (36.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions