Just Eat Takeaway.com N.V.

BATS-CHIXE:JETL Stock Report

Market Cap: UK£2.3b

Just Eat Takeaway.com Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: JETL (£11.64) is trading below our estimate of fair value (£34.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for JETL. This is calculated by dividing JETL's market cap by their current revenue.
What is JETL's PS Ratio?
PS Ratio0.5x
Sales€5.15b
Market Cap€2.80b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for JETL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
ROO Deliveroo
1.1x8.6%UK£2.2b
GRG Greggs
1.4x9.2%UK£2.8b
DOM Domino's Pizza Group
2x6.0%UK£1.3b
MAB Mitchells & Butlers
0.6x3.4%UK£1.4b
JETL Just Eat Takeaway.com
0.5x4.8%UK£2.8b

Price-To-Sales vs Peers: JETL is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does JETL's PS Ratio compare vs other companies in the GB Hospitality Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
EVOK Evoke
0.1x5.9%US$307.57m
TRC Revel Collective
0.06x-3.1%US$10.79m
NGHT Nightcap
0.1xn/aUS$8.62m
COM Comptoir Group
0.1xn/aUS$5.61m
No. of Companies7PS00.61.21.82.43+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JETL is good value based on its Price-To-Sales Ratio (0.5x) compared to the UK Hospitality industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is JETL'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.

JETL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: JETL is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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 JETL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£11.64
UK£16.34
+40.4%
48.8%UK£39.04UK£7.47n/a18
Nov ’25UK£8.86
UK£16.53
+86.5%
47.9%UK£39.15UK£7.50n/a19
Oct ’25UK£11.28
UK£16.81
+49.1%
46.4%UK£39.17UK£7.50n/a19
Sep ’25UK£11.16
UK£17.23
+54.3%
45.6%UK£39.82UK£7.62n/a19
Aug ’25UK£9.76
UK£17.37
+77.9%
45.8%UK£39.80UK£7.62n/a19
Jul ’25UK£9.59
UK£18.50
+92.9%
41.7%UK£39.71UK£10.14n/a17
Jun ’25UK£10.24
UK£18.46
+80.3%
41.6%UK£40.23UK£10.27n/a18
May ’25UK£12.12
UK£18.46
+52.3%
41.6%UK£40.23UK£10.27n/a18
Apr ’25UK£11.79
UK£18.80
+59.6%
46.5%UK£41.40UK£10.24n/a18
Mar ’25UK£12.61
UK£19.04
+51.0%
47.3%UK£41.53UK£10.27n/a17
Feb ’25UK£11.85
UK£18.88
+59.3%
48.0%UK£41.53UK£10.28n/a17
Jan ’25UK£12.16
UK£20.75
+70.7%
68.6%UK£69.47UK£10.29n/a17
Dec ’24UK£12.16
UK£21.58
+77.5%
67.5%UK£70.09UK£10.38n/a16
Nov ’24UK£9.99
UK£22.45
+124.7%
66.5%UK£70.54UK£10.45UK£8.8616
Oct ’24UK£10.27
UK£24.64
+139.9%
59.1%UK£70.19UK£8.67UK£11.2817
Sep ’24UK£11.07
UK£25.66
+131.8%
53.3%UK£69.89UK£8.63UK£11.1618
Aug ’24UK£13.39
UK£25.48
+90.3%
53.5%UK£69.49UK£8.58UK£9.7618
Jul ’24UK£12.09
UK£26.26
+117.2%
53.7%UK£69.60UK£8.59UK£9.5917
Jun ’24UK£11.66
UK£28.34
+143.1%
51.6%UK£71.50UK£8.83UK£10.2415
May ’24UK£13.85
UK£28.34
+104.6%
51.6%UK£71.50UK£8.83UK£12.1215
Apr ’24UK£15.37
UK£30.12
+96.0%
46.9%UK£71.22UK£8.79UK£11.7914
Mar ’24UK£17.82
UK£30.67
+72.2%
45.1%UK£71.86UK£8.87UK£12.6115
Feb ’24UK£20.33
UK£30.87
+51.9%
44.5%UK£71.90UK£8.88UK£11.8515
Jan ’24UK£17.49
UK£28.68
+64.0%
53.9%UK£71.29UK£8.80UK£12.1618
Dec ’23UK£19.25
UK£28.02
+45.6%
54.0%UK£69.64UK£8.60UK£12.1618
Nov ’23UK£15.98
UK£27.43
+71.7%
55.8%UK£69.47UK£8.58UK£9.9918

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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