Meituan ( OTCPK:MPNGF) ( OTCPK:MPNGY) ĭelivery Hero SE ( OTCPK:DLVHF) ( OTCPK:DELHY) Peer Valuation Comparison For DoorDash StockĬonsensus Current Fiscal Year Enterprise Value-to-Revenue MultipleĬonsensus Forward One Fiscal Year Enterprise Value-to-Revenue MultipleĬonsensus Current Fiscal Year Revenue Growth RateĬonsensus Forward One Fiscal Year Revenue Growth Rate Considering DASH's good share price performance in the past one year following its public listing, it is natural to question if DoorDash stock is expensive now. Bloomberg also refers to DASH, which was listed on NYSE on Decem, as "the largest food-delivery company in the U.S."ĭASH's last traded share price of $157.71 as of Decemrepresents a +55% increase as compared to the company's IPO price of $102. Is DoorDash Stock Expensive?ĭoorDash describes itself as "a technology company that connects consumers with their favorite local and national businesses in more than 7,000 cities across the United States, Canada, Australia and Japan" in the company's media releases. These factors help to validate my Neutral rating for DoorDash. More importantly, DASH has a long growth runway ahead with regards to expansion in new service categories and overseas markets, as it currently generates most of its top line from its home market and its core food delivery business. Although DASH is more expensive than its peers, this is reasonable since DoorDash is already profitable and boasts a relatively larger market share than its closest rival in the US food delivery market. ( NYSE: DASH).ĭoorDash's stock is fairly valued in my opinion. I have a Neutral or Hold investment rating for DoorDash, Inc. Tibrina Hobson/Getty Images Entertainment Elevator Pitch
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |