Uber's ROIC went from -5% to 28% in five years. Ran the fundamentals and I think the market is still sleeping on it I've been running stocks through a personal fundamental screen looking for businesses where the quality story hasn't fully shown up in the price yet. Uber came up and honestly the turnaround numbers are pretty striking. Here's what the screen showed: ROIC: 27.8% (5yr average was -5.1% - this thing was burning cash for years) Gross margin: 38.5% Net margin: 19.3% Revenue CAGR 5yr: 29% FCF margin: 12.2% P/E: 16.3x Fair value estimate (DCF): \~$129 Current price: \~$75 The ROIC flip is the story here. Five years ago Uber was losing money on almost every dollar it reinvested. Today it's generating 28 cents of return on every dollar. That's not a small improvement, that's a fundamentally different business. And yet the stock is trading at 16x earnings which is honestly pretty undemanding for a company growing revenue at 29% a year with improving margins.…