DoorDash, Inc. (DASH) – Two differing priorities – profitability, along with international expansion

DoorDash, Inc. (DASH) (Q2FY23)

Stock Performance: In the past 3 years, DoorDash stock has given a negative return of 56%. The stock declined to $82.9 in FY23 from $189.5 in FY20 with a CAGR of (24%) The stock price rose by 41% in the past 1-year. The stock has a 52-week high of $92.61 and a 52-week low of $41.37.

Quarter Performance: In Q2FY23 and six months period, revenue increased 33% and 36% on a Y/Y basis to $2.13bn and $4.16bn, respectively. The increase in revenue for Q2FY23 and the six-month period was due to a 26% increase in Marketplace GOV to $16.5bn and a 27% increase in Marketplace GOV

Guidance for FY23: Marketplace GOV is expected to be in the range of $64.2bn to $65.2bn. Adjusted EBITDA is expected to be in the range of $750mn to $1.05bn.

Highlights

The largest category of the business, local food delivery logistics, is fragmented and intensely competitive. DASH competes with other local on-demand delivery companies such as Uber Eats, Just Eat Takeaway, and Delivery Hero on a global scale. Given its recent performance and market position, Dash appears to have a promising future in the food delivery.

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Highlights

Valuation

Enterprise Value
– CrispIdea Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 05 Year Historical Performance
– Ratio Analysis
– Segment Performance
– Key Metrics

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 28

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