Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
DoorDash (DASH): Sustaining Leadership & Unlocking Upside from Advertising & Platform Synergies — Analyzing Key Metrics, 3-Year Outlook, Earnings, Forecasts/Estimates, Valuation & Major Risks!
DoorDash delivered a strong Q2 2024, with revenue jumping 23% year-over-year, driven by a 20% increase in gross order value (GOV) to $19.7 billion and a 19% boost in total orders. The company’s improved take rate and strategic expansion into grocery, retail, and pet supplies continue to diversify revenue streams. As DoorDash dominates the U.S. food delivery market, its growing advertising business is emerging as a key lever, enhancing profitability and supporting its platform expansion. With adjusted EBITDA exceeding expectations, DoorDash’s efficiency in driving down customer acquisition costs and scaling operations signals strong future growth potential. Looking ahead, the company is capitalizing on new verticals, international expansion, and increasing advertising revenue to fuel top-line momentum. However, regulatory costs and competitive pressures pose headwinds. Key growth drivers include the continued success of DashPass, rising order frequency, and the strategic integration of Wolt, boosting retention in international markets. Can DoorDash sustain its leadership in the fast-evolving local commerce ecosystem and unlock further upside from its diversified platform and new verticals? This report dives into DoorDash’s robust earnings, valuation, forecasts, and risks, offering a comprehensive analysis of the next 3 years’ growth trajectory.
