Maplebear Inc. Common Stock (CART)

FairStock Score: 49/100 — MIXED

Key Financials

Strengths

• Generates $648 million in annual free cash flow (6.5% yield on market cap)
• Solid return on equity of 14.9% above cost of capital
• Conservative balance sheet with debt-to-equity of just 0.01, providing financial flexibility
• Altman Z-Score of 4.2 confirms minimal bankruptcy risk and strong solvency

Concerns

• Trades significantly above Graham Number ($19) with negative 118% margin of safety—limited downside protection

AI Analysis

Maplebear Inc. Common Stock is a small-cap consumer cyclical company valued at $10.0 billion. The business generates $3.7 billion in annual revenue with a 2.1% net margin and $648 million in free cash flow. From a quality standpoint, Maplebear shows healthy Altman Z-Score of 4.2 and adequate 15% ROE. On valuation, the stock is trading at a premium 26.7x earnings, with trades far above its Graham Number ($19) with no margin of safety. Growth dynamics show revenue growing at 12.3% and profit growth of -45.3%. Our composite FairStock Score of 49/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

Improving fundamentals and sector tailwinds could drive meaningful earnings growth, compressing the effective multiple for patient investors. With $648 million in annual free cash flow (6.5% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

Macro headwinds or sector-specific disruption could pressure margins, particularly if competitive intensity increases in the consumer cyclical space. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer