Instacart (Maplebear Inc.)
Instacart (Maplebear Inc.) Fundamental Analysis
Instacart (Maplebear Inc.) (CART) shows moderate financial fundamentals with a PE ratio of 19.58, profit margin of 12.55%, and ROE of 16.35%. The company generates $3.8B in annual revenue with strong year-over-year growth of 10.78%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 71.9/100 based on profitability, valuation, growth, and balance sheet metrics. The B grade reflects solid fundamentals with room for improvement in valuation or growth.
Fundamental Health Score
We analyze CART's fundamental strength across five key dimensions:
Efficiency Score
ExcellentCART demonstrates superior asset utilization.
Valuation Score
ExcellentCART trades at attractive valuation levels.
Growth Score
ModerateCART shows steady but slowing expansion.
Financial Health Score
ExcellentCART maintains a strong and stable balance sheet.
Profitability Score
ModerateCART maintains healthy but balanced margins.
Key Financial Metrics
Is CART Expensive or Cheap?
P/E Ratio
CART trades at 19.58 times earnings. This indicates a fair valuation.
PEG Ratio
When adjusting for growth, CART's PEG of 1.33 indicates fair valuation.
Price to Book
The market values Instacart (Maplebear Inc.) at 3.66 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at 14.48 times EBITDA. This signals the market has high growth expectations.
How Well Does CART Make Money?
Net Profit Margin
For every $100 in sales, Instacart (Maplebear Inc.) keeps $12.55 as profit after all expenses.
Operating Margin
Core operations generate 14.80 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $16.35 in profit for every $100 of shareholder equity.
ROA
Instacart (Maplebear Inc.) generates $13.72 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Instacart (Maplebear Inc.) produces operating cash flow of $925.29M, showing steady but balanced cash generation.
Free Cash Flow
Instacart (Maplebear Inc.) generates strong free cash flow of $867.34M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $3.69 in free cash annually.
FCF Yield
CART converts 9.48% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
19.58
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
1.33
vs 25 benchmark
P/B Ratio
Price to book value ratio
3.66
vs 25 benchmark
P/S Ratio
Price to sales ratio
2.41
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.01
vs 25 benchmark
Current Ratio
Current assets to current liabilities
2.36
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.16
vs 25 benchmark
ROA
Return on assets percentage
0.14
vs 25 benchmark
ROCE
Return on capital employed
0.22
vs 25 benchmark
How CART Stacks Against Its Sector Peers
| Metric | CART Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 19.58 | 23.70 | Better (Cheaper) |
| ROE | 16.35% | 1185.00% | Weak |
| Net Margin | 12.55% | 2505.00% | Weak |
| Debt/Equity | 0.01 | 0.77 | Strong (Low Leverage) |
| Current Ratio | 2.36 | 2.86 | Strong Liquidity |
| ROA | 13.72% | -8133.00% (disorted) | Strong |
CART outperforms its industry in 4 out of 6 key metrics, particularly excelling in ROA, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Instacart (Maplebear Inc.)'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
168.18%
Industry Style: Cyclical, Growth, Discretionary
High GrowthEPS CAGR
775.96%
Industry Style: Cyclical, Growth, Discretionary
High GrowthFCF CAGR
1230.66%
Industry Style: Cyclical, Growth, Discretionary
High Growth