(CART) Maplebear - Ratings and Ratios
Grocery Delivery, Advertising, SaaS
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 41.1% |
| Value at Risk 5%th | 66.0% |
| Relative Tail Risk | -2.50% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.01 |
| Alpha | -16.31 |
| CAGR/Max DD | 0.47 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.361 |
| Beta | 0.702 |
| Beta Downside | 0.967 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.19% |
| Mean DD | 15.23% |
| Median DD | 14.70% |
Description: CART Maplebear October 31, 2025
Maplebear Inc., which operates under the Instacart brand, provides an online grocery shopping platform to North-American households via a mobile app and website. In addition to fulfillment, the company monetizes its network through advertising and software-as-a-service (SaaS) offerings for retailers.
Based on the most recent public filings (Q2 2024) and third-party estimates, Instacart generated roughly $5.2 billion in revenue in FY 2023, representing a year-over-year increase of about 12 %. The platform reported approximately 28 million active users and processed around $30 billion in gross merchandise volume (GMV), with a take-rate (revenue ÷ GMV) of roughly 1.7 %.
The grocery e-commerce sector is being driven by persistent inflation-induced shifts toward price-sensitive online purchasing, a tight labor market that raises fulfillment costs, and continued consolidation among major retailers seeking omnichannel capabilities. Instacart’s growth is therefore closely tied to overall U.S. grocery sales (≈ $800 billion annually) and the pace of digital adoption, which the USDA projects will rise at a compound annual growth rate of about 9 % through 2027.
For a deeper, data-rich analysis of Instacart’s valuation metrics and competitive positioning, you might find the research tools on ValueRay useful as a next step.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (514.0m TTM) > 0 and > 6% of Revenue (6% = 218.0m TTM) |
| FCFTA 0.19 (>2.0%) and ΔFCFTA 1.63pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 60.53% (prev 51.21%; Δ 9.32pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.21 (>3.0%) and CFO 941.0m > Net Income 514.0m (YES >=105%, WARN >=100%) |
| Net Debt (-1.65b) to EBITDA (660.0m) ratio: -2.50 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.64 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (283.2m) change vs 12m ago 0.77% (target <= -2.0% for YES) |
| Gross Margin 74.46% (prev 75.38%; Δ -0.92pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 85.83% (prev 84.00%; Δ 1.82pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -12.93 (EBITDA TTM 660.0m / Interest Expense TTM -44.0m) >= 6 (WARN >= 3) |
Altman Z'' -1.82
| (A) 0.48 = (Total Current Assets 3.03b - Total Current Liabilities 832.0m) / Total Assets 4.54b |
| (B) -0.77 = Retained Earnings (Balance) -3.49b / Total Assets 4.54b |
| (C) 0.13 = EBIT TTM 569.0m / Avg Total Assets 4.23b |
| (D) -3.23 = Book Value of Equity -3.50b / Total Liabilities 1.08b |
| Total Rating: -1.82 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 83.02
| 1. Piotroski 5.0pt |
| 2. FCF Yield 9.89% |
| 3. FCF Margin 24.22% |
| 4. Debt/Equity 0.01 |
| 5. Debt/Ebitda -2.50 |
| 6. ROIC - WACC (= 5.32)% |
| 7. RoE 15.78% |
| 8. Rev. Trend 91.45% |
| 9. EPS Trend 43.87% |
What is the price of CART shares?
Over the past week, the price has changed by -1.56%, over one month by +10.92%, over three months by -5.31% and over the past year by -4.55%.
Is CART a buy, sell or hold?
- Strong Buy: 11
- Buy: 7
- Hold: 14
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CART price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 50.7 | 22.1% |
| Analysts Target Price | 50.7 | 22.1% |
| ValueRay Target Price | 43.3 | 4.2% |
CART Fundamental Data Overview November 25, 2025
P/E Trailing = 22.0841
P/E Forward = 17.0648
P/S = 2.9145
P/B = 3.0512
P/EG = 3.2383
Beta = 1.111
Revenue TTM = 3.63b USD
EBIT TTM = 569.0m USD
EBITDA TTM = 660.0m USD
Long Term Debt = 37.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 3.00m USD (from shortTermDebt, last quarter)
Debt = 37.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.65b USD (from netDebt column, last quarter)
Enterprise Value = 8.90b USD (10.59b + Debt 37.0m - CCE 1.73b)
Interest Coverage Ratio = -12.93 (Ebit TTM 569.0m / Interest Expense TTM -44.0m)
FCF Yield = 9.89% (FCF TTM 880.0m / Enterprise Value 8.90b)
FCF Margin = 24.22% (FCF TTM 880.0m / Revenue TTM 3.63b)
Net Margin = 14.15% (Net Income TTM 514.0m / Revenue TTM 3.63b)
Gross Margin = 74.46% ((Revenue TTM 3.63b - Cost of Revenue TTM 928.0m) / Revenue TTM)
Gross Margin QoQ = 73.70% (prev 74.18%)
Tobins Q-Ratio = 1.96 (Enterprise Value 8.90b / Total Assets 4.54b)
Interest Expense / Debt = 4.36% (Interest Expense 1.61m / Debt 37.0m)
Taxrate = 20.44% (37.0m / 181.0m)
NOPAT = 452.7m (EBIT 569.0m * (1 - 20.44%))
Current Ratio = 3.64 (Total Current Assets 3.03b / Total Current Liabilities 832.0m)
Debt / Equity = 0.01 (Debt 37.0m / totalStockholderEquity, last quarter 3.46b)
Debt / EBITDA = -2.50 (Net Debt -1.65b / EBITDA 660.0m)
Debt / FCF = -1.88 (Net Debt -1.65b / FCF TTM 880.0m)
Total Stockholder Equity = 3.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.32% (Net Income 514.0m / Total Assets 4.54b)
RoE = 15.78% (Net Income TTM 514.0m / Total Stockholder Equity 3.26b)
RoCE = 17.28% (EBIT 569.0m / Capital Employed (Equity 3.26b + L.T.Debt 37.0m))
RoIC = 13.90% (NOPAT 452.7m / Invested Capital 3.26b)
WACC = 8.58% (E(10.59b)/V(10.63b) * Re(8.60%) + D(37.0m)/V(10.63b) * Rd(4.36%) * (1-Tc(0.20)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.74%
[DCF Debug] Terminal Value 79.66% ; FCFE base≈806.8m ; Y1≈995.3m ; Y5≈1.70b
Fair Price DCF = 98.87 (DCF Value 25.96b / Shares Outstanding 262.5m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 43.87 | EPS CAGR: 24.76% | SUE: 0.11 | # QB: 0
Revenue Correlation: 91.45 | Revenue CAGR: 19.93% | SUE: 0.43 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.53 | Chg30d=-0.009 | Revisions Net=-1 | Analysts=17
EPS next Year (2026-12-31): EPS=2.19 | Chg30d=-0.023 | Revisions Net=+3 | Growth EPS=+22.0% | Growth Revenue=+9.0%
Additional Sources for CART Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle