LYFT Inc Stock Research

Market Summary

USD9.60+0.61

Market Closed

6.79%

LYFT Alerts

Big fall in earnings (Y/Y)
Losses in recent quarter

LYFT Stock Price

LYFT RSI Chart

LYFT Valuation

Market Cap

5.1B

Price/Earnings (Trailing)

-3.97

Price/Sales (Trailing)

1.37

EV/EBITDA

-5.19

Price/Free Cashflow

-22.09

LYFT Price/Sales (Trailing)

LYFT Profitability

Operating Margin

40.52%

EBT Margin

-38.55%

Return on Equity

-407.68%

Return on Assets

-34.78%

Free Cashflow Yield

-4.53%

LYFT Fundamentals

LYFT Revenue

Revenue (TTM)

4.1B

Revenue Y/Y

21.14%

Revenue Q/Q

11.5%

LYFT Earnings

Earnings (TTM)

-1.6B

Earnings Y/Y

-107.69%

Earnings Q/Q

-39.3%

Price Action

52 Week Range

8.1940.46

(Low)(High)

Last 7 days

-8.3%

Last 30 days

-14.0%

Last 90 days

-20.8%

Trailing 12 Months

-74.9%

LYFT Financial Health

Current Ratio

0.82

Debt/Equity

2.19

Debt/Cashflow

-0.28

LYFT Investor Care

Shares Dilution (1Y)

5.55%

Diluted EPS (TTM)

-4.47

Peers (Alternatives to LYFT)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UBER	65.5B	31.9B	-4.40%	7.28%	-7.16	2.05	74.68%	-1742.94%
ODFL	37.2B	6.3B	-6.60%	7.61%	27.01	5.94	19.10%	33.14%
JBHT	17.8B	14.8B	-12.03%	-14.59%	18.37	1.2	21.75%	27.41%
MID-CAP
KNX	8.8B	7.4B	-10.60%	1.19%	11.45	1.19	23.85%	3.76%
CAR	7.6B	12.0B	-15.13%	-19.21%	2.74	0.63	28.79%	115.10%
SAIA	7.4B	2.8B	-1.04%	5.16%	20.61	2.64	21.99%	41.14%
LSTR	5.6B	7.4B	-5.76%	13.34%	12.32	0.72	13.75%	12.95%
LYFT	5.1B	4.1B	-14.05%	-74.85%	-3.97	1.37	27.64%	-49.18%
R	4.0B	12.0B	-11.50%	11.73%	4.6	0.33	24.30%	67.05%
ARCB	2.3B	5.3B	-7.93%	8.57%	7.71	0.43	34.66%	39.66%
SMALL-CAP
HTLD	1.3B	968.0M	-1.91%	10.86%	9.66	1.33	59.40%	68.50%
UHAL	1.1B	5.9B	-14.11%	-90.71%	1.17	0.19	4.87%	-12.46%
DSKE	326.0M	1.8B	-17.32%	-35.67%	6.49	0.18	13.91%	-10.36%
GLG	61.5M	-	-2.59%	465.00%	14.98	0.29	86.44%	390.90%
HYRE	13.9M	39.9M	6.21%	-86.55%	-0.76	0.35	20.10%	34.81%

Financials for LYFT

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.3%	4,095,135,000	3,890,076,000	3,700,661,000	3,474,938,000	3,208,323,000
S&GA Expenses	1.3%	531,512,000	524,709,000	499,942,000	459,115,000	411,406,000
R&D Expenses	4.8%	856,777,000	817,196,000	816,211,000	866,482,000	911,946,000
EBITDA	-25.8%	-1,404,106,000	-1,116,340,000	-750,448,000	-611,166,000	-831,762,000
EBITDA Margin	-19.5%	-0.34	-0.29	-0.20	-0.18	-0.26
Earnings Before Taxes	-23.9%	-1,578,639,000	-1,274,065,000	-945,599,000	-819,643,000	-1,050,919,000
EBT Margin	-17.7%	-0.39	-0.33	-0.25	-0.23	-0.32
Interest Expenses	-28.6%	19,735,000	27,656,000	35,727,000	43,616,000	51,635,000
Net Income	-23.8%	-1,584,511,000	-1,279,552,000	-957,065,000	-831,737,000	-1,062,144,000
Net Income Margin	-17.6%	-0.39	-0.33	-0.25	-0.24	-0.33
Free Cahsflow	-3.2%	-237,285,000	-229,945,000	-162,220,000	-174,600,000	-101,721,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-1.0%	4,556	4,600	4,758	4,768	4,774
Current Assets	4.5%	2,583	2,473	2,459	2,936	2,776
Cash Equivalents	95.6%	281	144	239	215	457
Goodwill	0.0%	262	262	262	180	181
Liabilities	8.7%	4,168	3,835	3,790	3,610	3,433
Current Liabilities	12.5%	3,133	2,785	2,732	2,577	2,516
Long Term Debt	-0.9%	853	861	843	711	-
LT Debt, Current	-5.1%	36.00	38.00	53.00	56.00	56.00
LT Debt, Non Current	-1.4%	803	815	808	787	655
Shareholder's Equity	-49.2%	389	766	967	1,158	1,341
Retained Earnings	-6.3%	-9,940	-9,352	-8,930	-8,553	-8,362
Additional Paid-In Capital	2.0%	10,335	10,127	9,909	9,721	9,706
Shares Outstanding	1.1%	351	347	343	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-3.2%	-237	-229	-162	-174	-101
Share Based Compensation	5.4%	751	712	690	714	725
Cashflow From Investing	173.5%	186	-253	-51.61	32.00	267
Cashflow From Financing	-14.8%	-87.50	-76.20	-72.08	-70.20	-72.47

Risks for LYFT

What is the probability of a big loss on LYFT?

99.0%

Probability that LYFT stock will be more than 20% underwater in next one year

92.8%

Probability that LYFT stock will be more than 30% underwater in next one year.

76.6%

Probability that LYFT stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LYFT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if LYFT was unfortunately bought at previous high price.

Drawdowns

Returns for LYFT

Cumulative Returns on LYFT

-28.1%

3-Year Cumulative Returns

Which funds bought or sold LYFT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-17.69	-131,846	291,154	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	-73,540	374,460	-%
2023-03-10	BAILLIE GIFFORD & CO	reduced	-11.4	-4,010	11,990	-%
2023-03-06	Rockefeller Capital Management L.P.	added	27.99	38,000	556,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-	-	-%
2023-02-28	Voya Investment Management LLC	reduced	-88.32	-10,369,700	1,251,340	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-85.55	-11,038,300	1,517,670	-%
2023-02-24	NATIXIS	added	138	11,496,300	23,040,300	0.13%
2023-02-23	Portman Square Capital LLP	new	-	1,883,850	1,883,850	0.14%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	7.63	-990,000	8,967,000	0.09%

Latest Funds Activity

Are funds buying LYFT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LYFT

No. of Funds

LYFT News

Schedule 13G FIlings of LYFT

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	8.29%	29,206,946	SC 13G/A
Feb 06, 2023	rakuten group, inc.	8.91%	31,402,023	SC 13G/A
Jun 09, 2022	blackrock inc.	4.8%	16,188,687	SC 13G
Mar 09, 2022	jpmorgan chase & co	10.2%	34,753,333	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 04, 2022	blackrock inc.	5.4%	17,958,356	SC 13G
Feb 03, 2022	jpmorgan chase & co	4.8%	16,068,388	SC 13G/A
Jan 14, 2022	jpmorgan chase & co	9.4%	31,473,871	SC 13G/A
Feb 16, 2021	andreessen horowitz fund iii, l.p.	1.0%	3,028,180	SC 13G/A

LYFT Fair Value

LYFT fair value in different scenarios

The table shows the Fair Value estimates for LYFT for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	1.52 -84.17%	3.01 -68.65%	7.42 -22.71%	12.67 31.98%	23.74 147.29%
Current Inflation	1.42 -85.21%	2.76 -71.25%	6.60 -31.25%	11.16 16.25%	20.73 115.94%
Very High Inflation	1.30 -86.46%	2.44 -74.58%	5.63 -41.35%	9.39 -2.19%	17.21 79.27%

Historical LYFT Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of LYFT

View All Filings

Date Filed	Form Type	Document
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Feb 27, 2023	10-K	Annual Report
Feb 27, 2023	S-8	Employee Benefits Plan
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading

Latest Insider Trading transactions for LYFT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-27	Wilderotter Mary Agnes	sold	-18,544	10.1556	-1,826	-
2023-02-27	Raj Ashwin	gifted	-	-	10,000	evp, head of rideshare
2023-02-27	Raj Ashwin	gifted	-	-	-20,000	evp, head of rideshare
2023-02-20	Sverchek Kristin	sold (taxes)	-145,715	11.28	-12,918	president of business affairs
2023-02-20	Raj Ashwin	sold (taxes)	-144,158	11.28	-12,780	evp, head of rideshare
2023-02-20	Paul Elaine	sold (taxes)	-148,152	11.28	-13,134	chief financial officer
2023-02-20	Green Logan	sold (taxes)	-257,353	11.28	-22,815	chief executive officer
2023-02-20	BLACKWOOD-KAPRAL LISA	sold (taxes)	-211,850	11.28	-18,781	chief accounting officer
2023-02-20	Zimmer John Patrick	sold (taxes)	-257,364	11.28	-22,816	president
2023-02-01	Wilderotter Mary Agnes	sold	-30,403	16.6503	-1,826	-

About LYFT

Logan D. Green

www.lyft.com

4450

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 Lyft 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. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

LYFT Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 4,095,135	$ 3,208,323	$ 2,364,681
Costs and expenses
Cost of revenue	2,435,736	1,702,317	1,447,516
Operations and support	443,846	402,233	453,963
Research and development	856,777	911,946	909,126
Sales and marketing	531,512	411,406	416,331
General and administrative	1,286,180	915,638	946,127
Total costs and expenses	5,554,051	4,343,540	4,173,063
Loss from operations	(1,458,916)	(1,135,217)	(1,808,382)
Interest expense	(19,735)	(51,635)	(32,678)
Other income (expense), net	(99,988)	135,933	43,669
Loss before income taxes	(1,578,639)	(1,050,919)	(1,797,391)
Provision for (benefit from) income taxes	5,872	11,225	(44,534)
Net loss	$ (1,584,511)	$ (1,062,144)	$ (1,752,857)
Net loss per share, basic (in dollars per share)	$ (4.47)	$ (3.17)	$ (5.61)
Net loss per share, diluted (in dollars per share)	$ (4.47)	$ (3.17)	$ (5.61)
Weighted-average number of shares outstanding used to compute net loss per share, basic (in shares)	354,731	334,724	312,175
Weighted-average number of shares outstanding used to compute net loss per share, diluted (in shares)	354,731	334,724	312,175
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	$ 750,767	$ 724,560	$ 565,807
Cost of revenue
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	44,132	39,491	28,743
Operation and support
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	25,442	24,083	15,829
Research and development
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	391,983	414,324	325,624
Sales and marketing
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	49,867	38,243	23,385
General and administrative
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	$ 239,343	$ 208,419	$ 172,226

LYFT Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 281,090	$ 457,325
Short-term investments	1,515,702	1,796,533
Prepaid expenses and other current assets	786,067	522,212
Total current assets	2,582,859	2,776,070
Restricted cash and cash equivalents	109,368	73,205
Restricted investments	1,027,506	1,044,855
Other investments	26,390	80,411
Property and equipment, net	313,402	298,195
Operating lease right of use assets	135,213	223,412
Intangible assets, net	76,208	50,765
Goodwill	261,582	180,516
Other assets	23,903	46,455
Total assets	4,556,431	4,773,884
Current liabilities
Accounts payable	107,801	129,542
Insurance reserves	1,417,350	1,068,628
Accrued and other current liabilities	1,561,609	1,264,426
Operating lease liabilities — current	45,803	53,765
Total current liabilities	3,132,563	2,516,361
Operating lease liabilities	176,356	210,232
Long-term debt, net of current portion	803,207	655,173
Other liabilities	55,637	50,905
Total liabilities	4,167,763	3,432,671
Commitments and contingencies (Note 9)
Stockholders’ equity
Preferred stock, $0.00001 par value; 1,000,000,000 shares authorized as of December 31, 2022 and December 31, 2021; no shares issued and outstanding as of December 31, 2022 and December 31, 2021	0	0
Common stock, $0.00001 par value; 18,000,000,000 Class A shares authorized as of December 31, 2022 and December 31, 2021; 361,552,359 and 336,335,594 Class A shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively; 100,000,000 Class B shares authorized as of December 31, 2022 and December 31, 2021; 8,602,629 Class B shares issued and outstanding, as of December 31, 2022 and December 31, 2021	4	3
Additional paid-in capital	10,335,013	9,706,293
Accumulated other comprehensive income (loss)	(5,754)	(2,511)
Accumulated deficit	(9,940,595)	(8,362,572)
Total stockholders’ equity	388,668	1,341,213
Total liabilities and stockholders’ equity	$ 4,556,431	$ 4,773,884