Shares of Large-cap industrials company DoorDash moved 15.7% this evening, and are now trading at $87.79 per share. The average analyst target price for the stock is $94.7.
DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally.
Based on its trailing earning per share of -3.32, DoorDash has a trailing 12 month Price to Earnings (P/E) ratio of -26.4 DASH has a forward P/E ratio of -109.7 based on its earnings guidance of $None.
The company has a price to earnings growth (PEG) ratio of -0.8. A number between 0 and 1 could mean that the market is undervaluing DoorDash's estimated growth potential
Growing Revenues With Increasing Reinvestment in the Business
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue (MM) | $2,886 | $4,888 | $6,583 | $7,687 |
| Gross Margins | -15% | -9% | -17% | -14% |
| Operating Margins | -15.0% | -9.0% | -17.0% | -14.0% |
| Net Margins | -16.0% | -10.0% | 0.0% | 0.0% |
| Net Income (MM) | -$461 | -$468 | -$3 | -$6 |
| Net Interest Expense (MM) | $32 | $14 | $32 | $89 |
| Depreciation & Amort. (MM) | $120 | $156 | $369 | $480 |
| Free Cash Flow (MM) | $146 | $563 | $191 | $847 |
| Capital Expenditures (MM) | $106 | $129 | $176 | $165 |
| Net Current Assets (MM) | $3,864 | $2,423 | $1,699 | $1,411 |
| Long Term Debt (MM) | $238 | $373 | $456 | $440 |
| LT Debt to Equity | 0.05 | 0.08 | 0.07 | 0.07 |
DoorDash has growing revenues and increasing reinvestment in the business, healthy debt levels, and generally positive cash flows. However, the firm suffers from slimmer gross margins than its peers and consistently negative margins with a stable trend. Finally, we note that DoorDash has positive expected EPS Growth.
