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DoorDash Inc Ordinary Shares - Class A DASH

Morningstar Rating
$132.11 +4.00 (3.12%)
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Company Report

We See DoorDash as a Leader in Online Food Aggregation

DoorDash holds the number one position as an online food order aggregator in the US, ahead of Uber Technologies’ Uber Eats and Grubhub. The firm is at the early stages in trying to attract a larger piece of what we estimate could be $1 trillion worth of goods and services by 2025 to its platform. DoorDash benefits from the network effects between merchants, deliverers (or “dashers”), and consumers, plus intangible assets, in the form of data, which we believe together warrant our narrow moat rating.

Price vs Fair Value

DASH is trading at a 17% discount.
Price
$129.36
Fair Value
$164.00
Uncertainty
Very High
1-Star Price
$543.92
5-Star Price
$59.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Consumer behavior will continue to shift away from in-restaurant dining as the variety of food and speed of delivery available at home increase. As demand for DoorDash services pushes higher, the firm should quickly reach profitability.

Bears

The transition toward food delivery or pickup is probably not permanent and will likely slow or come to a halt as the pandemic ends, lessening chances of DoorDash becoming profitable.

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News

Trading Information

Previous Close Price
$128.11
Day Range
$127.51133.43
52-Week Range
$57.39143.34
Bid/Ask
$132.11 / $132.50
Market Cap
$53.37 Bil
Volume/Avg
3.9 Mil / 3.8 Mil

Key Statistics

Price/Earnings (Normalized)
106.38
Price/Sales
5.77
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
1.41%

Company Profile

Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.
Sector
Communication Services
Industry
Internet Content & Information
Stock Style Box
Large Growth
Total Number of Employees
19,300

Competitors

Valuation

Metric
DASH
TKWY
UBER
Price/Earnings (Normalized)
106.381.17235.26
Price/Book Value
7.510.5112.76
Price/Sales
5.770.573.89
Price/Cash Flow
43.5818.9142.39
Price/Earnings
DASH
TKWY
UBER

Financial Strength

Metric
DASH
TKWY
UBER
Quick Ratio
1.351.361.01
Current Ratio
1.641.501.19
Interest Coverage
−20.643.90
Quick Ratio
DASH
TKWY
UBER

Profitability

Metric
DASH
TKWY
UBER
Return on Assets (Normalized)
4.62%−3.01%7.58%
Return on Equity (Normalized)
6.98%−5.05%29.78%
Return on Invested Capital (Normalized)
4.79%−3.17%13.08%
Return on Assets
DASH
TKWY
UBER
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