Now trading at a price of $87.51, DoorDash has moved -5.4% so far today.
DoorDash returned gains of 68.0% last year, with its stock price reaching a high of $93.19 and a low of $45.93. Over the same period, the stock outperformed the S&P 500 index by 53.0%. More recently, the company's 50-day average price was $78.56. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Based in San Francisco, CA, the large-cap Industrials company has 16,800 full time employees. DoorDash has not offered a dividend during the last year.
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.
DoorDash does not have a meaningful trailing P/E ratio since its earnings per share are negative. Its forward EPS guidance is negative too, at $-0.8. The average P/E ratio for the Industrials sector is 20.49. Furthermore, DoorDash is likely overvalued compared to the book value of its equity, since its P/B ratio of 5.32 is higher than the sector average of 3.78. Overall, DoorDash's lofty valuation in terms of earnings and assets is to some extent attenuated by its strong cash flow trend and reasonable levels of debt.
DoorDash Has an Average Rating of Buy:
The 30 analysts following DoorDash have set target prices ranging from $47.0 to $125.0 per share, for an average of $94.7 with a buy rating. As of April 2023, the company is trading -17.0% away from its average target price, indicating that there is an analyst consensus of some upside potential.
DoorDash has an average amount of shares sold short because 4.9% of the company's shares are sold short. Institutions own 89.7% of the company's shares, and the insider ownership rate stands at 0.85%, suggesting a small amount of insider investors. The largest shareholder is Sc Us (ttgp), Ltd., whose 10% stake in the company is worth $3,056,297,850.
