Financial Analysis: Spree Acquisition Corp. 1 (NYSE:SHAP) versus Grab (NASDAQ:GRAB)

Spree Acquisition Corp. 1 (NYSE:SHAP) and Grab (NASDAQ:GRAB) are both business services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, analyst recommendations and profitability.

Analyst Ratings

This is a summary of recent recommendations for Spree Acquisition Corp. 1 and Grab, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Spree Acquisition Corp. 1	0	0	0	0	0.00
Grab	0	2	10	1	2.92

Grab has a consensus price target of $5.62, indicating a potential upside of 30.46%. Given Grab’s stronger consensus rating and higher probable upside, analysts clearly believe Grab is more favorable than Spree Acquisition Corp. 1.

Earnings & Valuation

This table compares Spree Acquisition Corp. 1 and Grab”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Spree Acquisition Corp. 1	N/A	N/A	$4.35 million	N/A	N/A
Grab	$2.80 billion	6.21	-$434.00 million	($0.02)	-215.50

Spree Acquisition Corp. 1 has higher earnings, but lower revenue than Grab.

Profitability

This table compares Spree Acquisition Corp. 1 and Grab’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Spree Acquisition Corp. 1	N/A	-22.17%	6.72%
Grab	-3.72%	-1.63%	-1.21%

Insider & Institutional Ownership

9.9% of Spree Acquisition Corp. 1 shares are held by institutional investors. Comparatively, 55.5% of Grab shares are held by institutional investors. 58.4% of Spree Acquisition Corp. 1 shares are held by insiders. Comparatively, 3.6% of Grab shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Risk and Volatility

Spree Acquisition Corp. 1 has a beta of -0.02, indicating that its stock price is 102% less volatile than the S&P 500. Comparatively, Grab has a beta of 0.88, indicating that its stock price is 12% less volatile than the S&P 500.

Summary

Grab beats Spree Acquisition Corp. 1 on 8 of the 12 factors compared between the two stocks.

About Spree Acquisition Corp. 1

Spree Acquisition Corp. 1 Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the mobility-related technology businesses. The company was incorporated in 2021 and is based in Atlanta, Georgia.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings. Grab Holdings Limited is headquartered in Singapore.