The analysis presents a bullish fundamental outlook on Grab (GRAB) stock, citing strong quarterly financial results with 21% year-over-year growth in on-demand gross merchandise value in U.S. dollar growth, and 18% growth in terms of constant currency. Grab operates an app similar to Uber, primarily in Southeast Asia, and also offers financial services. The company sells mapping data via lucrative licensing deals. The company delivered its 14th consecutive quarter of adjusted EBITDA growth, and trailing 12-month adjusted free cash flow expanded to $229 million. The analyst notes that credit risks remain within the company's risk appetite. A discounted cash flow model estimates an intrinsic value of $7.26 per share, while the current market price is $6.05.