DoorDash Valuation
Is DD2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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 DD2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DD2 (€164.78) is trading below our estimate of fair value (€246.42)
Significantly Below Fair Value: DD2 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DD2?
Key metric: As DD2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is DD2's PS Ratio? | |
|---|---|
| PS Ratio | 7.3x |
| Sales | US$10.15b |
| Market Cap | US$73.62b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 6.7x |
| Enterprise Value/EBITDA | 814.4x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does DD2's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 3.3x | ||
DHER Delivery Hero | 1x | 11.1% | €11.1b |
CPG Compass Group | 1.4x | 6.7% | UK£44.9b |
CMG Chipotle Mexican Grill | 7.7x | 11.9% | US$84.6b |
3690 Meituan | 2.9x | 13.2% | HK$990.9b |
DD2 DoorDash | 7.3x | 14.3% | €73.6b |
Price-To-Sales vs Peers: DD2 is expensive based on its Price-To-Sales Ratio (7.3x) compared to the peer average (3.3x).
Price to Sales Ratio vs Industry
How does DD2's PS Ratio compare vs other companies in the DE Hospitality Industry?
Price-To-Sales vs Industry: DD2 is expensive based on its Price-To-Sales Ratio (7.3x) compared to the European Hospitality industry average (1x).
Price to Sales Ratio vs Fair Ratio
What is DD2'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 7.3x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate DD2's Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €164.78 | €162.77 -1.2% | 9.6% | €199.25 | €128.09 | n/a | 40 |
| Nov ’25 | n/a | €156.32 0% | 8.6% | €184.56 | €124.58 | n/a | 40 |
| Oct ’25 | €127.64 | €130.89 +2.5% | 9.9% | €158.96 | €106.87 | n/a | 38 |
| Sep ’25 | n/a | €130.82 0% | 9.5% | €155.58 | €108.91 | n/a | 33 |
| Aug ’25 | €96.62 | €124.23 +28.6% | 12.8% | €157.06 | €99.78 | n/a | 34 |
| Jul ’25 | €100.36 | €124.76 +24.3% | 12.4% | €158.70 | €101.75 | n/a | 32 |
| Jun ’25 | €99.01 | €123.17 +24.4% | 12.2% | €156.52 | €98.51 | n/a | 33 |
| May ’25 | €120.70 | €128.07 +6.1% | 14.1% | €163.94 | €97.43 | n/a | 34 |
| Apr ’25 | n/a | €121.93 0% | 13.7% | €161.65 | €92.37 | n/a | 32 |
| Mar ’25 | €113.00 | €116.49 +3.1% | 15.6% | €143.24 | €48.98 | n/a | 31 |
| Feb ’25 | €100.00 | €101.09 +1.1% | 17.8% | €142.60 | €46.92 | n/a | 31 |
| Jan ’25 | n/a | €93.56 0% | 18.0% | €141.73 | €46.63 | n/a | 32 |
| Dec ’24 | n/a | €92.38 0% | 17.8% | €142.12 | €46.76 | n/a | 32 |
| Nov ’24 | n/a | €91.56 0% | 18.3% | €146.69 | €44.48 | n/a | 31 |
| Oct ’24 | n/a | €90.69 0% | 18.5% | €145.06 | €43.99 | €127.64 | 31 |
| Sep ’24 | n/a | €86.44 0% | 21.8% | €142.68 | €43.26 | n/a | 31 |
| Aug ’24 | €83.50 | €74.21 -11.1% | 24.4% | €144.77 | €36.42 | €96.62 | 30 |
| Jul ’24 | n/a | €72.23 0% | 25.6% | €145.12 | €36.51 | €100.36 | 29 |
| Jun ’24 | n/a | €72.95 0% | 26.5% | €146.44 | €36.84 | €99.01 | 27 |
| May ’24 | n/a | €71.55 0% | 26.2% | €144.10 | €36.25 | €120.70 | 26 |
| Apr ’24 | n/a | €75.15 0% | 25.8% | €148.06 | €37.25 | n/a | 25 |
| Mar ’24 | €51.30 | €76.54 +49.2% | 25.5% | €149.32 | €37.56 | €113.00 | 25 |
| Feb ’24 | n/a | €69.78 0% | 31.4% | €146.33 | €36.81 | €100.00 | 26 |
| Jan ’24 | n/a | €82.98 0% | 41.9% | €213.54 | €47.04 | n/a | 24 |
| Dec ’23 | €56.06 | €85.69 +52.9% | 40.2% | €217.87 | €47.99 | n/a | 25 |
| Nov ’23 | n/a | €105.14 0% | 36.0% | €229.77 | €50.61 | n/a | 24 |
Analyst Forecast: Target price is lower than the current share price.