Doordash Intrinsic Stock Value – DOORDASH Reports Q2 Earnings Results for FY2023
August 8, 2023
🌥️Earnings Overview
On August 2, 2023, DOORDASH ($NYSE:DASH) released its financial earnings for the second quarter of Fiscal Year 2023, ending June 30, 2023. Total revenue amounted to USD 2133.0 million, representing an impressive 32.6% increase from the same quarter in the prior year. However, net income decreased from -263.0 million to -170.0 million, when compared to the same period the year prior.
Market Price
On Wednesday, DOORDASH reported Q2 earnings results for FY2023, with its stock opening at $84.4 and closing at $86.0. This marked a slight decline of 0.7% from the previous closing price of 86.6. Despite this slight drop, the company’s overall performance in the second quarter of the current fiscal year was strong, with DOORDASH continuing to expand its market presence and customer base. The strong performance in Q2 can be attributed to the company’s focus on customer experience, with DOORDASH investing heavily in product innovation and marketing.
The company also leveraged its delivery network to provide customers with convenient and fast service. Overall, DOORDASH saw robust growth in its Q2 earnings, showing that the company is well-positioned to continue its growth trajectory in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Doordash. More…
| Total Revenues | Net Income | Net Margin |
| 7.69k | -1.27k | -15.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Doordash. More…
| Operations | Investing | Financing |
| 1.01k | -525 | -1.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Doordash. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.6k | 3.19k | 16.29 |
Key Ratios Snapshot
Some of the financial key ratios for Doordash are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 95.2% | – | -17.4% |
| FCF Margin | ROE | ROA |
| 8.5% | -12.9% | -8.7% |
Analysis – Doordash Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of DOORDASH‘s financials. Using our proprietary Valuation Line, we have calculated the intrinsic value of DOORDASH’s share to be around $157.2. Currently, the stock is trading at only $86.0, which is 45.3% below its true worth. This indicates that DOORDASH is undervalued in the market and presents a potentially profitable investment opportunity. More…
Peers
There is intense competition between DoorDash Inc and its competitors BCW Group Holding Inc, Coconala Inc, and Pinterest Inc. All three companies are fighting for market share in the online food delivery industry. DoorDash Inc has a strong market position, but its competitors are quickly catching up. All three companies are investing heavily in marketing and technology to gain an edge over the others.
– BCW Group Holding Inc ($TSE:4176)
Coconala Inc is a Japanese e-commerce company with a market cap of 13.79B as of 2022. The company has a Return on Equity of -22.87%. Coconala Inc is an online marketplace that connects buyers and sellers of services. The company offers a variety of services, including web development, design, marketing, and more.
– Coconala Inc ($NYSE:PINS)
Pinterest is a social media and content-sharing platform, typically used for visual content such as photographs, illustrations, and videos. The company was founded in 2010 and is headquartered in San Francisco, California. As of 2022, Pinterest has a market cap of $14.8 billion and a return on equity of 4.93%. The company allows users to create and share collections of visual content, called “boards,” which can be organized by theme, topic, or event. Users can also follow other users’ boards, as well as individual pins, which are images or videos that have been uploaded to the platform.
Summary
Doordash reported its second quarter FY2023 earnings results on August 2, 2023 with total revenue of USD 2133.0 million, a 32.6% increase compared to the same quarter last year. Net income was reported as USD -170.0 million, a decrease from the -263.0 million in the same period last year. Investment analysis of Doordash suggests that despite the increasing revenue, investors should be aware of the net losses which could have a negative impact on the stock price. Investors should watch for any potential changes in the company’s strategy that could lead to improved profitability.
Additionally, any news regarding possible partnerships or acquisitions could be a potential opportunity for investors.
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