GICS Sector : Communication Services
DoorDash, Inc.operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally.It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; 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.
DoorDash reported a robust financial performance in Q3 2025, with revenues growing ahead of expectations. Although the actual EPS came out at $0.55, missing analyst estimates of $0.683, the company's core business continues to perform well, with growth accelerating for the fourth straight quarter. The EBITDA margin for the existing business, excluding Deliveroo, is expected to be up slightly compared to 2025. As Ravi Inukonda, CFO, noted, "the company's core business is performing well, with growth accelerating for the fourth straight quarter and improving unit economics."
Publication Date: Nov -06
The company's focus on improving the inputs of the experience, such as selection, quality, and affordability, has led to increased strength in the U.S. marketplace. The demand on underlying cohorts continues to be strong, with growing MAUs, order frequency, and subscription numbers. Existing cohorts are also continuing to engage with the company more, driving growth across multiple categories outside of grocery, convenience, and alcohol.
DoorDash is investing heavily in several areas, including a new global tech platform, new products, and autonomous delivery. The company is taking a pragmatic approach to autonomous delivery, focusing on multimodal fulfillment methods. The integration of Deliveroo is also a key focus, with the company aiming to improve the product and consumer experience, driving scale and unit economics. The expected cost synergies from scale and cost redundancy will take time to materialize.
With a P/S Ratio of 8.55 and an expected revenue growth rate of 21.4% next year, the market is pricing in significant growth expectations. The EV/EBITDA ratio of 89.15 also suggests that the market is expecting strong EBITDA growth in the future. However, the actual EPS miss and the high valuation multiples raise questions about whether the stock is overvalued. The ROE of 9.56% and ROIC of 4.26% indicate that the company is generating returns on its investments, but the high P/E Ratio of 129.55 suggests that the market is pricing in very high expectations for future growth.
The $100 Million Tell: Following Smart Money Into DoorDash
Dec -03
DoorDash Unveils Second Annual List of America's Favorite Delivery Spots Across Cuisines
Dec -02
Dow Jones Today: Stock Indexes Close Lower to Begin December Trading; Big Tech, Crypto-Tied Shares Drop Amid Risk-Off Sentiment
Dec -02
Market Today: Crypto Rout, Omnicom Cuts, Nvidia--Synopsys Deal
Dec -01
Atika Capital Management LLC Sells 16,385 Shares of DoorDash, Inc. $DASH
Nov -27
Advisors Asset Management Inc. Grows Stake in DoorDash, Inc. $DASH
Nov -26
DASH Total Order Growth Picks Up: Is the Growth Thesis Strengthening?
Nov -25
Australian delivery workers set to gain minimum pay in landmark deal with Uber Eats, DoorDash
Nov -25
Growing demand from busy consumers, increasing adoption of online ordering, and expansion into new markets drive DoorDash's growth, with a strong brand presence and strategic partnerships with restaurants and merchants.
DoorDash's core product, allowing customers to order food from their favorite restaurants and have it delivered to their doorstep.
A subscription-based service offering unlimited free delivery from participating restaurants for a flat monthly fee.
A logistics service that enables businesses to offer same-day delivery to their customers, leveraging DoorDash's network of Dashers.
A platform that allows restaurants to create their own online storefronts, enabling customers to order directly from their websites.
A premium food delivery service offering high-end cuisine from top-rated restaurants.
DoorDash's services can be substituted with other food delivery services like Uber Eats, GrubHub, and Postmates. However, DoorDash's strong brand recognition and large network of restaurants and drivers provide some protection against substitution.
Customers have some bargaining power due to the availability of alternative food delivery services. However, DoorDash's user-friendly platform and wide range of restaurant options reduce the bargaining power of customers.
Restaurants have some bargaining power due to their importance in DoorDash's business model. However, DoorDash's large scale and strong brand recognition reduce the bargaining power of individual restaurants.
The threat of new entrants is high due to the relatively low barriers to entry in the food delivery market. New entrants can easily replicate DoorDash's business model, posing a significant threat to the company.
The intensity of rivalry in the food delivery market is high due to the presence of several established players like Uber Eats, GrubHub, and Postmates. DoorDash faces intense competition in terms of pricing, service quality, and customer acquisition.
| Value | |
|---|---|
| Debt Weight | 7.12% |
| Debt Cost | 12.84% |
| Equity Weight | 92.88% |
| Equity Cost | 12.84% |
| WACC | 12.84% |
| Leverage | 7.67% |
Value: 1.8
Growth: 8.3
Quality: 8.4
Yield: 0.0
Momentum: 9.0
Volatility: 7.7
1-Year Total Return ->
Value: 4.2
Growth: 7.1
Quality: 5.6
Yield: 2.0
Momentum: 6.5
Volatility: 9.0
1-Year Total Return ->
Value: 1.8
Growth: 8.8
Quality: 8.3
Yield: 0.0
Momentum: 7.5
Volatility: 5.7
1-Year Total Return ->
Value: 0.2
Growth: 9.1
Quality: 6.3
Yield: 0.0
Momentum: 9.5
Volatility: 6.0
1-Year Total Return ->
Value: 2.8
Growth: 8.6
Quality: 8.8
Yield: 0.0
Momentum: 4.0
Volatility: 4.7
1-Year Total Return ->
Value: 5.3
Growth: 6.4
Quality: 3.4
Yield: 0.0
Momentum: 0.5
Volatility: 2.7
1-Year Total Return ->