DoorDash, Inc.

NasdaqGS:DASH Stock Report

Market Cap: US$71.9b

DoorDash Valuation

Is DASH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DASH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DASH ($177.24) is trading below our estimate of fair value ($246.27)

Significantly Below Fair Value: DASH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DASH?

Key metric: As DASH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DASH. This is calculated by dividing DASH's market cap by their current revenue.
What is DASH's PS Ratio?
PS Ratio7.3x
SalesUS$10.15b
Market CapUS$71.93b

Price to Sales Ratio vs Peers

How does DASH's PS Ratio compare to its peers?

The above table shows the PS ratio for DASH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.7x
CMG Chipotle Mexican Grill
7.7x11.9%US$81.8b
SBUX Starbucks
3.2x6.9%US$113.4b
YUM Yum! Brands
5.2x6.9%US$37.5b
QSR Restaurant Brands International
2.8x6.9%US$31.5b
DASH DoorDash
7.3x14.3%US$71.9b

Price-To-Sales vs Peers: DASH is expensive based on its Price-To-Sales Ratio (7.3x) compared to the peer average (4.7x).

Price to Sales Ratio vs Industry

How does DASH's PS Ratio compare vs other companies in the US Hospitality Industry?

30 CompaniesPrice / SalesEstimated GrowthMarket Cap
BLMN Bloomin' Brands
0.2x-2.7%US$1.09b
BALY Bally's
0.3x2.2%US$722.24m
TAST Carrols Restaurant Group
0.3x2.9%US$478.64m
GENK GEN Restaurant Group
0.2x18.5%US$254.53m
DASH 7.3xIndustry Avg. 1.6xNo. of Companies30PS01.22.43.64.86+
30 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DASH is expensive based on its Price-To-Sales Ratio (7.3x) compared to the US Hospitality industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is DASH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DASH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.3x
Fair PS Ratio5.4x

Price-To-Sales vs Fair Ratio: DASH is expensive based on its Price-To-Sales Ratio (7.3x) compared to the estimated Fair Price-To-Sales Ratio (5.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DASH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$177.24
US$171.55
-3.2%
9.6%US$210.00US$135.00n/a40
Nov ’25US$155.66
US$169.40
+8.8%
8.6%US$200.00US$135.00n/a40
Oct ’25US$141.93
US$145.74
+2.7%
9.9%US$177.00US$119.00n/a38
Sep ’25US$128.71
US$142.94
+11.1%
9.5%US$170.00US$119.00n/a33
Aug ’25US$108.20
US$134.46
+24.3%
12.8%US$170.00US$108.00n/a34
Jul ’25US$108.51
US$133.65
+23.2%
12.4%US$170.00US$109.00n/a32
Jun ’25US$110.11
US$133.78
+21.5%
12.2%US$170.00US$107.00n/a33
May ’25US$127.46
US$136.71
+7.3%
14.1%US$175.00US$104.00n/a34
Apr ’25US$138.25
US$132.00
-4.5%
13.7%US$175.00US$100.00n/a32
Mar ’25US$127.43
US$126.06
-1.1%
15.6%US$155.00US$53.00n/a31
Feb ’25US$107.30
US$109.88
+2.4%
17.8%US$155.00US$51.00n/a31
Jan ’25US$98.89
US$102.32
+3.5%
18.0%US$155.00US$51.00n/a32
Dec ’24US$96.58
US$100.76
+4.3%
17.8%US$155.00US$51.00n/a32
Nov ’24US$75.90
US$96.74
+27.5%
18.3%US$155.00US$47.00US$155.6631
Oct ’24US$79.47
US$96.90
+21.9%
18.5%US$155.00US$47.00US$141.9331
Sep ’24US$84.04
US$93.90
+11.7%
21.8%US$155.00US$47.00US$128.7131
Aug ’24US$86.59
US$81.50
-5.9%
24.4%US$159.00US$40.00US$108.2030
Jul ’24US$76.42
US$79.14
+3.6%
25.6%US$159.00US$40.00US$108.5129
Jun ’24US$67.57
US$79.20
+17.2%
26.5%US$159.00US$40.00US$110.1127
May ’24US$62.20
US$78.94
+26.9%
26.2%US$159.00US$40.00US$127.4626
Apr ’24US$63.56
US$80.70
+27.0%
25.8%US$159.00US$40.00US$138.2525
Mar ’24US$53.92
US$81.50
+51.1%
25.5%US$159.00US$40.00US$127.4325
Feb ’24US$58.91
US$75.83
+28.7%
31.4%US$159.00US$40.00US$107.3026
Jan ’24US$48.82
US$88.21
+80.7%
41.9%US$227.00US$50.00US$98.8924
Dec ’23US$57.12
US$89.28
+56.3%
40.2%US$227.00US$50.00US$96.5825
Nov ’23US$45.10
US$103.88
+130.3%
36.0%US$227.00US$50.00US$75.9024

Analyst Forecast: Target price is lower than the current share price.

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