DoorDash Inc.

DASH

170.48 (1.59%) 2.71

70.82(B)

Consumer Discretionary

Hotels Restaurants and Leisure

DoorDash Inc. together with its subsidiaries operates a commerce platform that connects merchants consumers and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace which provide various services such as customer acquisition demand generation order fulfillment merchandising payment processing and customer support. It also offers membership products including DashPass and Wolt+; DoorDash Drive and Wolt Drive which are white-label delivery fulfillment services that enable merchants that have generated consumer demand through their channels to fulfill demand using its platform; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot which offers merchants digital ordering and payment solutions for in-store and online channels. In addition the company enables merchants to advertise and promote on its platform to acquire consumers. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash Inc. in 2015. DoorDash Inc. was founded in 2013 and is headquartered in San Francisco California.

Holdings:

Cost basis:

DoorDash Inc. (DASH) price target and intrinsic value estimate

DASH's fair price estimate is $56.4

This valuation is based on a fair P/E of 11.9 and EPS estimates of $4.72

The median analyst price target for DASH is $180.0.

Analyst price targets range from $135.0 to $217.0

Is DASH overvalued or undervalued?

DASH is currently trading at $170.48

DASH is overvalued by 203% using the pevaluation method.

DASH is undervalued by 5% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $42.3

Median $56.4

High $70.4

Fair P/E

Margin of safety

Analyst valuation

Low $135.0

Median $180.0

High $217.0

Strong Buy7

Buy22

Hold15

Sell0

Strong Sell0

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF

Discount rate:

10%

Terminal rate:

Growth phase length:

Growth phase rate:

10%

Economic moat: None/narrow

Overview

Market data

Market cap:$70.82(B)

Enterprise value:$63.91(B)

Total Equity:$7.58(B)

Shares outstanding:415.40(M)

Div. yield:0.00%

P/S:6.84

P/E:N/A

P/FCF:35.44

P/B:9.35

EPS:$-0.4

FCF per share:$4.8

Dividend per share:$0.0

Income (TTM)

Revenue$10.15(B)

Gross profit$4.95(B)

EBITDA$84.00(M)

Net income$-172.00(M)

Gross margin48.8%

Net margin-1.7%

Balance sheet

Total assets$12.28(B)

Total liabilities$4.70(B)

Cash & Short-term inv.$4.96(B)

Long-term debt$0

Debt issued$0

Debt repaid$0

Cash flow (TTM)

FCF$2.00(B)

CapEx$-101.00(M)

Dividends paid$0

Stock issued$8.00(M)

Stock repurchased$-275.00(M)

Stock-based comp.$1.10(B)

Future Growth

Revenue

CAGR: 14.6%

FY+1$10.69(B)

FY+2$12.69(B)

FY+3$14.81(B)

FY+4$16.56(B)

FY+5$18.44(B)

Net Income

CAGR: 38.1%

FY+1$1.47(B)

FY+2$2.09(B)

FY+3$2.81(B)

EPS

CAGR: 37.4%

FY+1$3.33

FY+2$4.66

FY+3$6.29

FCF per share

CAGR: 39.5%

FY+1$4.83

FY+2$6.77

FY+3$9.40

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Historical Financials

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YearlyQuarterly

Income

RevenueNet IncomeCOGSGross ProfitTotal OpEx.R&DSG&AOperating IncomeInterest ExpenseInterest IncomePre-tax incomeIncome tax

Cash flow

FCFCFONet IncomeD&AStock-based Comp.CFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures

Balance sheet

Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity

Shares outstanding

Shares (Basic)Shares (Diluted)

Per share data

EPS (Basic)EPS (Diluted)FCF/ShareDividend/ShareBook value/Share

Ratios

P/EP/FCFP/BP/SEV/EarningsEV/FCFDebt/EquityPayout ratio

Margins

Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin

Returns

ROICROAROCEROE

Market Cap.