Ride-hailing firm lands internet-style analyst ratings despite ‘trucking’ classification
Last month Lyft went public and made itself available for stock exchange on Time Square. Before they went public, The Global Industry Classification issued a report that the companies of Uber and Lyft would fall under the "Road and Rail" industry group within the trucking industry. This decision came from the observation that all their business came within the connection of drivers and passengers. Since Lyft has joined this grouping of stock traders, Lyft has commanded a higher rate of multiples than any of the trucking companies. Ratings of the companies came back from an internet analysis comparing Lyft to other trucking companies. Lyft has median price that is nearly 7 times their projected revenue while the trucking companies average a multiple of 1.1 times their projected revenue. I find this interesting since Lyft is not officially in the trucking industry. If anything I could understand the relation between them and cabs or buses or any human transportation system. It is not ideal but I do see the minor relation between Lyft and Trucking companies. The aspect of driver transportation is relatable but I find the delivering aspect to be an easier relation.
Published 4/23
By: Bradley McCaleb
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