DoorDash, Inc.

DB:DD2 Stock Report

Market Cap: €69.4b

DoorDash Valuation

Is DD2 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 DD2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€334.89
Fair Value
50.7% undervalued intrinsic discount
38
Number of Analysts

Below Fair Value: DD2 (€165) is trading below our estimate of fair value (€334.89)

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 barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DD2. This is calculated by dividing DD2's market cap by their current revenue.
What is DD2's PS Ratio?
PS Ratio7.4x
SalesUS$10.72b
Market CapUS$78.88b

Price to Sales Ratio vs Peers

How does DD2's PS Ratio compare to its peers?

The above table shows the PS ratio for DD2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.5x
DHER Delivery Hero
0.6x10.5%€7.7b
3690 Meituan
2.1x12.1%HK$764.8b
CMG Chipotle Mexican Grill
6.1x10.9%US$69.8b
CPG Compass Group
1.3x6.9%UK£41.7b
DD2 DoorDash
7.4x14.7%€78.9b

Price-To-Sales vs Peers: DD2 is expensive based on its Price-To-Sales Ratio (7.4x) compared to the peer average (2.5x).

Price to Sales Ratio vs Industry

How does DD2's PS Ratio compare vs other companies in the DE Hospitality Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
TUI1 TUI
0.1x4.1%US$3.90b
9UX Hostmore
0.0006xn/aUS$138.43k
No more companies available in this PS range
DD2 7.4xIndustry Avg. 1.1xNo. of Companies3PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DD2 is expensive based on its Price-To-Sales Ratio (7.4x) compared to the European Hospitality industry average (1.1x).

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.

DD2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.4x
Fair PS Ratio5.5x

Price-To-Sales vs Fair Ratio: DD2 is expensive based on its Price-To-Sales Ratio (7.4x) compared to the estimated Fair Price-To-Sales Ratio (5.5x).

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 DD2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€165.00
€190.44
+15.4%
10.5%€216.36€131.93n/a38
Apr ’26€168.96
€203.04
+20.2%
11.2%€231.73€128.16n/a41
Mar ’26€191.48
€210.95
+10.2%
11.3%€241.05€133.32n/a40
Feb ’26€181.16
€178.78
-1.3%
11.7%€216.23€132.88n/a40
Jan ’26€160.22
€170.35
+6.3%
11.0%€208.12€129.48n/a40
Dec ’25€168.28
€165.49
-1.7%
10.3%€201.40€128.86n/a40
Nov ’25€142.82
€156.32
+9.5%
8.6%€184.56€124.58n/a40
Oct ’25€127.58
€130.89
+2.6%
9.9%€158.96€106.87n/a38
Sep ’25€115.34
€130.45
+13.1%
9.5%€155.14€108.60n/a33
Aug ’25€99.34
€124.23
+25.1%
12.8%€157.06€99.78n/a34
Jul ’25€100.26
€124.76
+24.4%
12.4%€158.70€101.75n/a32
Jun ’25€100.50
€123.17
+22.6%
12.2%€156.52€98.51n/a33
May ’25€121.24
€128.07
+5.6%
14.1%€163.94€97.43n/a34
Apr ’25€126.00
€121.93
-3.2%
13.7%€161.65€92.37€168.9632
Mar ’25€117.00
€116.63
-0.3%
15.6%€143.41€49.04€191.4831
Feb ’25€98.00
€101.09
+3.2%
17.8%€142.60€46.92€181.1631
Jan ’25€90.00
€93.56
+4.0%
18.0%€141.73€46.63€160.2232
Dec ’24€88.00
€92.38
+5.0%
17.8%€142.12€46.76€168.2832
Nov ’24€76.50
€91.56
+19.7%
18.3%€146.69€44.48€142.8231
Oct ’24€74.50
€90.69
+21.7%
18.5%€145.06€43.99€127.5831
Sep ’24€77.50
€86.44
+11.5%
21.8%€142.68€43.26€115.3431
Aug ’24€78.50
€74.21
-5.5%
24.4%€144.77€36.42€99.3430
Jul ’24€70.00
€72.23
+3.2%
25.6%€145.12€36.51€100.2629
Jun ’24€62.50
€72.95
+16.7%
26.5%€146.44€36.84€100.5027
May ’24€55.50
€71.55
+28.9%
26.2%€144.10€36.25€121.2426
Apr ’24€58.06
€75.15
+29.4%
25.8%€148.06€37.25€126.0025
AnalystConsensusTarget
Consensus Narrative from 38 Analysts
€190.28
Fair Value
13.3% undervalued intrinsic discount
38
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 02:17
End of Day Share Price 2025/04/25 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DoorDash, Inc. is covered by 58 analysts. 40 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel LourenszArete Research Services LLP
Ishan MajumdarBaptista Research
Ross SandlerBarclays