UBER是一只价值型标的，交易倍数低于市场，年增长率为20-30%；只要没有单一自动驾驶公司胜出，它仍将是主导平台。
逐段跳播
还有一些公司被认为会因人工智能或自动驾驶而发生革命性变化，比如Uber。我认为这些领域确实存在，而这是一个极其有意思的标的。你为一家年增长20%至30%的公司支付的价格低于市场价。
There are other companies where artificial intelligence or self-driving is expected to revolutionize them, such as Uber. I think there are fields, and that's an incredibly interesting name.
You are paying less than the market price for a company that is growing at 20-30% annually.
Uber背后的逻辑是什么？Uber的逻辑是，只要不是只有一家自动驾驶汽车公司，它就会取得巨大成功。人们不会想要六个不同的应用。在需求高峰期，你能做到多好就有多好。
What is the idea behind Uber? Uber's idea is that as long as there isn't just one self-driving car company, it will be a huge success. People won't want six different apps. You are as good as you can be during peak demand times.
所以我认为这种局面会在很多年里保持混合并存的状态，而Uber将成为主要平台。此外，他们的业务中还有配送部门。Waymo在沉寂一段时间后首次回购了一些自己的股票。正如我提到的，它们的售价低于市场倍数，而且我相信，只要自动驾驶领域没有出现唯一的赢家，我们的假设就会成立。
他们还在与Lucid以及其他几家公司合作，把这些车送上路。他们正在产生巨大的现金流。我认为他们明年会有100亿美元的自由现金流。他们正在回购股票。
So I think the situation will remain a hybrid mix for many years, and Uber will be the main platform. In addition, they have a delivery department in their business. Waymo has, for the first time in a while, repurchased some of its shares.
As I mentioned, they are being sold for less than a multiple of the market, and I believe our hypothesis will hold true as long as there is no single winner in the field of self- driving vehicles.
They are also collaborating with Lucid and a few other companies to put these cars on the roads. They are generating a huge cash flow. I think they have $10 billion of free cash flow next year. They are buying back the shares.
换句话说，从我个人的体验来看，我觉得使用Uber的价格明显上涨了。他们确实提价了。看起来是这样。好吧。嗯，所有东西，我是说所有东西，都变成了我过去为类似行程所付价格的两三倍。是的，但出行次数和收入仍在增长。
所以，他们能够消化这一点，你知道，这些成本会随着油价上涨等等而上升。所以，如你所知，这是一门非常赚钱的生意，而且到处都很普及。它简直就是一种行动。我们喜欢这类公司。
In other words, from my personal experience, I feel that the price of using Uber has increased significantly. They have indeed raised the price. It seems so. Okay. Well , everything, I mean everything, has become two or three times what I used to pay for similar trips.
Yes, but the number of trips and revenues are still increasing. So, they are able to absorb that, you know, the cost of these things goes up with rising fuel prices and so on. So, as you know, it's a very profitable business, and it's widespread everywhere.
It is literally an action. We like this type of company.
因此，Uber拥有为此所需的所有后端运营能力。Uber在不断增长。Uber和Waymo在最新一轮融资中的估值都接近Uber的估值。所以，你也需要从这个角度来思考。
Therefore, Uber has all the necessary back-end operations for that. Uber is constantly growing. Both Uber and Waymo were valued in their latest funding round at a value close to that of Uber.
So, you need to think about it from this perspective as well.
我们会发现Uber在这些领域仍在增长，这意味着Waymo并未影响其市场份额。
we will find that Uber is still growing in those areas, which means that Waymo is not affecting its market share.
观察点
这个频道对 $UBER 的历次判断
The Acquirers Podcast 在这只股票上只有这一条判断。