As usual Nice write-up Dhruva. In comparison with Google Maps I would agree they don't have a moat on the technology front, but otherwise I believe they have an advantage in trust (Similar to Buffet and Embracer Group (Nordstern Q3FY21 for better understanding)) where the companies don't trust Google for being Google, Auto companies for their own Autonomous vehicles and Govts, for their anti-competitive nature. C.E. has advantage in both these cases where they have trust of early backers that they wont cross the line along with allied services like Bajaj Finance, and also a homegrown player helps in government showing a good face. But I also believe their competitors could be companies like Esri which are used by Amazon but not a direct subsidiary.
Good insight
As usual Nice write-up Dhruva. In comparison with Google Maps I would agree they don't have a moat on the technology front, but otherwise I believe they have an advantage in trust (Similar to Buffet and Embracer Group (Nordstern Q3FY21 for better understanding)) where the companies don't trust Google for being Google, Auto companies for their own Autonomous vehicles and Govts, for their anti-competitive nature. C.E. has advantage in both these cases where they have trust of early backers that they wont cross the line along with allied services like Bajaj Finance, and also a homegrown player helps in government showing a good face. But I also believe their competitors could be companies like Esri which are used by Amazon but not a direct subsidiary.
Thanks I agree with you
Great information!!
can you share the website links you used to do reverse DCF ?
sure
http://www.moneychimp.com/articles/valuation/dcf.htm