Understanding Asset Value

Analysis Period: Trailing Twelve Months (TTM) SEC EDGAR
2026-02-05 15:38:55
LYFT
Lyft, Inc.
$15.71
Price from Yahoo Finance
Today: -2.75% | YTD: -20.6%

How Lyft, Inc. Makes Money

Income Statement Flow (TTM) | Source: Yahoo Finance

Revenue
$6.3B
Gross Profit
$2.7B
43% margin
Operating Income
$0.0B
0% margin
Net Income
$0.2B
2% margin

Current Price

Price $15.71
52-Week High $25.54
52-Week Low $9.66

Market Data

Market Cap $6.39B
Shares Outstanding 0.40B
Beta 1.90

Valuation Ratios

P/E (TTM) 42.47x
P/E (Forward) 10.55x
EV/EBITDA 43.65x

Next Earnings Call

Date 2026-02-10
Time 16:00
Source Yahoo Finance

Financial Health

Profit Margin 2.4%
ROE 24.5%
Revenue Growth 10.7%

Levered Free Cash Flow (TTM) - Cash That Can't Lie

$1.00B 15.71% Yield
$1.08B OCF - $0.05B CapEx - $0.40B Buybacks - $0.02B Interest = $1.00B

Source: Cash Flow Statement | LFCF = Operating Cash Flow - CapEx - Interest Expense

HOLD

Fair Value: $15.42

-1.9% Downside

Stock is trading near fair value (-1.9% from target). Current price reflects fundamentals appropriately.

Investment Verdict

Lyft, Inc. (LYFT) currently trades at $15.71, representing a -1.9% premium to our calculated fair value of $15.42.

Key Strengths: Net cash position (negative net debt); Active share buyback program.

Key Risks: Weak interest coverage (1.1x); Significant YTD decline (-20.6%); Elevated short interest (16.3% of float).

The company generates $1.00B in levered free cash flow annually, providing real cash returns to shareholders. Wall Street consensus is hold with a mean price target of $24.13.

Business Simplicity Filter

CriterionStatusNotes
≤4 operating segments PASS Segment count estimated from sector classification. Verify in 10-K for accuracy.
Top 2 segments ≥70% of revenue PASS Revenue concentration estimated. Verify segment breakdown in 10-K.
≤3 material geographic regions PASS Most US-listed companies report US vs International (2 regions).
No exotic debt instruments or off-balance-sheet complexity REVIEW Review 10-K for convertibles, derivatives, and off-balance-sheet items.

Recommendation: REVIEW COMPLEXITY - Some filters require manual verification

Company Profile

Sector Technology
Employees 2,934
Country United States

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 access to various transportation options through the Lyft platform and mobile-based applications. Its platform provides a ridesharing marketplace that connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. 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.

Enterprise Value Calculation

Market Capitalization $6.39B
(+) Total Debt $1.32B
(-) Cash & Equivalents $1.99B
Net Debt ($0.67B) - Net Cash
Enterprise Value $5.71B
EV = Market Cap + Total Debt - Cash = $6.39B + $1.32B - $1.99B = $5.71B

Leverage & Solvency

MetricValueWhat It Means
Net Debt / EBITDA -4.31x Net Cash Position - More cash than debt
Interest Coverage 1.1x Weak - Concern
Debt / Equity 230.1% High Leverage
Current Ratio 0.72 Review - may struggle with short-term obligations

Overall: Balance sheet shows elevated leverage - requires careful analysis.

Peer Comparison

Industry: Software - Application | Data: TTM (Trailing 12 Months) as of 2026-02-05 | Source: Yahoo Finance

CompanyMarket CapP/EForward P/EEV/EBITDAProfit Margin
INTU $121.4B 29.9x 16.5x 0.0x 21.2%
ADBE $112.9B 16.1x 10.2x 12.4x 30.0%
SNPS $78.5B 50.7x 24.3x 68.9x 18.9%
CDNS $73.8B 69.8x 33.6x 39.0x 20.4%
LYFT (Target) $6.4B 42.5x 10.6x 43.7x 2.4%
ANSS N/A 0.0x 0.0x 0.0x 0.0%
Peer Average (excl. target) - 40.3x 20.4x 39.0x 20.4%

Intrinsic Value Calculation

MethodInputsFair Value
Equity (TTM EPS) EPS: $0.37 x 36.3x P/E $13.43
Equity (Forward EPS) EPS: $1.49 x 36.3x P/E $54.05
EV-Based (EBITDA) EBITDA: $0.16B x 35.1x $15.42
Headline Fair Value Median value used (spread 147.0% exceeds 15% threshold) $15.42
Fair Multiples Basis: Fair P/E of 36.3x and EV/EBITDA of 35.1x. Multiples adjusted for below-average margins.

Sensitivity Analysis

P/E Multiple Sensitivity (using TTM EPS)

Low (34x)
Base (36x)
High (38x)
$12.69
$13.43
$14.17

EV/EBITDA Multiple Sensitivity

Low (34x)
Base (35x)
High (36x)
$15.03
$15.42
$15.81

Red / Green Dashboard

Green Factors (Positive)

  • Net cash position (negative net debt)
  • Active share buyback program

Red Factors (Concerns)

  • Weak interest coverage (1.1x)
  • Significant YTD decline (-20.6%)
  • Elevated short interest (16.3% of float)

Assessment: Mixed profile. Balanced positive and negative factors.

Seasoned Analyst Perspective

Valuation Context

LYFT trades at 42.5x TTM P/E and 10.6x Forward P/E. This compares to peer averages of 40.3x TTM and 20.4x Forward P/E. Note: The significant gap between TTM and Forward P/E suggests analysts expect substantial earnings improvement.

Cash Flow Quality

The company generates positive levered free cash flow of $1.00B, demonstrating its ability to generate real cash after all obligations. The 15.7% LFCF yield is attractive.

Analyst Consensus

38 analysts cover this stock with a consensus hold rating. Price targets range from $16 to $32, with a mean of $24.

Market Sentiment Indicators

VIX
VIX (Fear Index)

21.21 - Elevated Fear

Elevated Fear
F&G
CNN Fear & Greed Index

Score: 34/100

Fear
SKEW
CBOE SKEW Index (Tail Risk)

143.16

Elevated Tail Risk Concerns
MKT
Market Breadth

SPY YTD: 13.4% | RSP YTD: 11.3%

Healthy Breadth

Supply Chain Analysis

No customer/supplier data available for this company. Data is curated from SEC 10-K filings for major tech companies.

Earnings Surprise History (Last 8 Quarters)

Track Record: 5 beats, 2 misses, 1 in-line out of 8 quarters | 62% Beat Rate

DateEPS EstimateEPS ActualResultSurprise %
2025-11-05 $0.31 $0.30 MISS -2.2%
2025-08-06 $0.28 $0.30 BEAT 5.5%
2025-05-08 $0.20 $0.11 MISS -46.6%
2025-02-11 $-0.01 $0.16 BEAT 1262.0%
2024-11-06 $-0.03 $-0.03 MET 3.3%
2024-08-07 $0.19 $0.24 BEAT 25.0%
2024-05-07 $0.08 $0.15 BEAT 81.8%
2024-02-13 $0.08 $0.16 BEAT 94.9%
Average Earnings Surprise: 178.0% (Company tends to beat estimates)

Analyst Data

Price Targets

High Target $32.00
Mean Target $24.13
Low Target $16.00

Consensus

Recommendation hold
# of Analysts 38

Data Sources & Citations

Yahoo Finance
SEC EDGAR
CBOE
CNN
Derived / Calculated

All financial data sourced from:

Click any colored number or source label throughout the report to view its source.

Disclaimer

This analysis is generated automatically using publicly available data and should not be considered as financial advice. All figures are sourced from Yahoo Finance and SEC EDGAR and may contain inaccuracies. Always verify data with primary sources (SEC filings, company IR) before making investment decisions.

Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal.

Run Analysis with Different Period

Current: Trailing Twelve Months (TTM) | Data Source: SEC EDGAR

Why Levered Free Cash Flow Matters

Levered FCF is cash that can't be faked. Unlike earnings which can be manipulated through accounting (depreciation schedules, revenue recognition, etc.), cash flow is simple: the money is either in the bank or it's not.

This metric shows how much actual cash the company generates after paying for:

A company with strong Levered FCF can pay dividends, buy back shares, pay down debt, or invest in growth - all from real cash, not accounting profits.

Why Customer & Supplier Earnings Matter

Customers and suppliers report earnings BEFORE the company you're analyzing. Their results give you early signals about demand and supply chain health.

Customer Example: If Microsoft (AMD customer) beats revenue estimates by 20%, it likely means they bought more chips than analysts expected. This is bullish for AMD's upcoming earnings.

Supplier Example: If TSMC (AMD supplier) reports strong demand from AMD, that confirms AMD's production is ramping up.

By the time AMD reports, you already have data points from 5+ related companies. Smart analysts piece these together to predict earnings before they're announced.

Why Segment Breakdown Matters

Not all revenue is equal. Different business segments have different growth rates and profit margins.

For example, AMD's Data Center segment has ~40% margins while Gaming might be ~15%. A shift toward Data Center means higher overall profitability even if total revenue stays flat.

Watch for: