DoorDash Inc Stock Research

Market Summary

USD60.73+2.26

Market Closed

3.87%

DASH Alerts

9 major insider sales recently.
Big jump in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

DASH Stock Price

DASH RSI Chart

DASH Valuation

Market Cap

23.4B

Price/Earnings (Trailing)

-17.12

Price/Sales (Trailing)

3.55

EV/EBITDA

-20.81

Price/Free Cashflow

122.34

DASH Price/Sales (Trailing)

DASH Profitability

EBT Margin

-21.25%

Return on Equity

-20.21%

Return on Assets

-13.94%

Free Cashflow Yield

0.82%

DASH Fundamentals

DASH Revenue

Revenue (TTM)

6.6B

Revenue Y/Y

39.85%

Revenue Q/Q

6.88%

DASH Earnings

Earnings (TTM)

-1.4B

Earnings Y/Y

-312.9%

Earnings Q/Q

-116.95%

Price Action

52 Week Range

41.37130.20

(Low)(High)

Last 7 days

0.5%

Last 30 days

-1.4%

Last 90 days

5.8%

Trailing 12 Months

-26.7%

DASH Financial Health

Current Ratio

1.86

DASH Investor Care

Shares Dilution (1Y)

13.11%

Diluted EPS (TTM)

-3.68

Financials for DoorDash

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	8.5%	6,583,000,000	6,065,000,000	5,639,000,000	5,267,000,000	4,888,000,000
S&GA Expenses	1.0%	1,682,000,000	1,666,000,000	1,694,000,000	1,700,000,000	1,619,000,000
R&D Expenses	16.4%	829,000,000	712,000,000	601,000,000	496,000,000	430,000,000
EBITDA	-76.0%	-1,028,000,000	-584,000,000	-461,000,000	-333,000,000	-293,000,000
EBITDA Margin	-62.2%	-0.16	-0.10	-0.08	-0.06	-0.06
Earnings Before Taxes	-56.7%	-1,399,000,000	-893,000,000	-693,000,000	-521,000,000	-463,000,000
EBT Margin	-44.3%	-0.21	-0.15	-0.12	-0.10	-0.09
Interest Expenses	0%	2,000,000	2,000,000	2,000,000	2,000,000	14,000,000
Net Income	-55.1%	-1,365,000,000	-880,000,000	-686,000,000	-525,000,000	-468,000,000
Net Income Margin	-42.9%	-0.21	-0.15	-0.12	-0.10	-0.10
Free Cahsflow	-44.6%	191,000,000	345,000,000	276,000,000	377,000,000	563,000,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.5%	9,789	9,552	9,928	6,822	6,809
Current Assets	0.6%	4,720	4,690	4,833	4,418	4,565
Cash Equivalents	-14.8%	1,977	2,320	2,727	2,243	2,504
Goodwill	7.8%	2,370	2,198	2,315	376	316
Liabilities	11.4%	3,021	2,711	2,518	2,170	2,142
Current Liabilities	14.8%	2,544	2,216	2,026	1,760	1,760
Shareholder's Equity	-1.0%	6,754	6,825	7,410	4,652	4,667
Retained Earnings	-20.0%	-3,846	-3,206	-2,511	-2,248	-2,081
Additional Paid-In Capital	3.0%	10,633	10,323	10,028	6,914	6,752
Shares Outstanding	5.7%	385	364	349	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-28.2%	367	511	419	506	692
Share Based Compensation	20.5%	889	738	611	518	486
Cashflow From Investing	53.6%	-300	-646	-1,031	-2,286	-2,047
Cashflow From Financing	-0.8%	-375	-372	17.00	18.00	-483
Buy Backs	-50.0%	400	800	0.00	-	-

Risks for DASH

What is the probability of a big loss on DASH?

89.9%

Probability that DoorDash stock will be more than 20% underwater in next one year

89.1%

Probability that DoorDash stock will be more than 30% underwater in next one year.

52.9%

Probability that DoorDash stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DASH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if DoorDash was unfortunately bought at previous high price.

Drawdowns

Returns for DASH

Cumulative Returns on DASH

Which funds bought or sold DASH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	BAILLIE GIFFORD & CO	added	12.02	40,824,000	426,357,000	0.44%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	0.73	-26,807	4,849,190	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-83.92	-7,721,000	1,456,000	0.01%
2023-02-28	Voya Investment Management LLC	added	0.01	-69,249,300	5,132,740	0.01%
2023-02-27	Parallax Volatility Advisers, L.P.	added	4.49	831,313	27,117,300	0.04%
2023-02-24	NATIXIS	added	393	6,982,650	8,787,650	0.05%
2023-02-24	National Pension Service	added	19.2	2,763,180	19,250,700	0.04%
2023-02-22	CVA Family Office, LLC	added	330	10,670	13,670	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	-45,000	3,481,000	0.04%
2023-02-21	MACQUARIE GROUP LTD	added	34.19	63,648	258,648	-%

Latest Funds Activity

Are funds buying DASH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DASH

No. of Funds

DoorDash News

Schedule 13G FIlings of DoorDash

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	2.2%	8,049,808	SC 13G/A
Feb 14, 2023	sb investment advisers (uk) ltd	5.8%	21,021,096	SC 13G/A
Feb 14, 2023	sc us (ttgp), ltd.	3.4%	12,399,303	SC 13G/A
Feb 13, 2023	xu tony	9.5%	37,945,725	SC 13G/A
Feb 13, 2023	gic private ltd	7.00%	25,194,762	SC 13G/A
Feb 09, 2023	morgan stanley	7.8%	28,026,785	SC 13G/A
Feb 09, 2023	vanguard group inc	7.11%	25,608,145	SC 13G
Feb 15, 2022	sc us (ttgp), ltd.	4.5%	13,949,216	SC 13G/A
Feb 15, 2022	xu tony	9.3%	32,666,097	SC 13G
Feb 14, 2022	sb investment advisers (uk) ltd	10.7%	33,573,485	SC 13G/A

DASH Fair Value

DoorDash fair value in different scenarios

The table shows the Fair Value estimates for DoorDash for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	- -	- -	- -	- -
Current Inflation	7.05 -88.39%	10.18 -83.24%	20.55 -66.16%	38.55 -36.52%	74.32 22.38%
Very High Inflation	- -	- -	- -	- -	- -

Historical DoorDash Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of DoorDash

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 07, 2023	3	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading

Latest Insider Trading transactions for DASH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-13	Xu Tony	sold	-7,020,940	53.0684	-132,300	chief executive officer
2023-03-13	Xu Tony	acquired	26,460	0.2	132,300	chief executive officer
2023-03-07	Lin Alfred	acquired	-	-	23,303	-
2023-03-07	SC US (TTGP), LTD.	acquired	-	-	3,005,300	-
2023-03-07	Fang Andy	sold	-3,834,810	57.236	-67,000	-
2023-03-07	Lin Alfred	sold	-	-	-311,943	-
2023-03-07	SC US (TTGP), LTD.	sold	-	-	-1,549,910	-
2023-03-07	Lin Alfred	acquired	-	-	3,005,300	-
2023-03-07	Fang Andy	acquired	13,400	0.2	67,000	-
2023-03-07	Lin Alfred	sold	-	-	-1,549,910	-

About DoorDash

Tony Xu

www.doordash.com

8600

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

DASH Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 6,583	$ 4,888	$ 2,886
Costs and expenses:
Cost of revenue, exclusive of depreciation and amortization shown separately below	3,588	2,338	1,368
Sales and marketing	1,682	1,619	957
Research and development	829	430	321
General and administrative	1,147	797	556
Depreciation and amortization	369	156	120
Restructuring charges	92	0	0
Total costs and expenses	7,707	5,340	3,322
Loss from operations	(1,124)	(452)	(436)
Interest income	32	3	7
Interest expense	(2)	(14)	(32)
Other income (expense), net	(305)	0	3
Loss before income taxes	(1,399)	(463)	(458)
Provision for (benefit from) income taxes	(31)	5	3
Net loss including redeemable non-controlling interests	(1,368)	(468)	(461)
Less: net loss attributable to redeemable non-controlling interests, net of tax	(3)	0	0
Net loss attributable to DoorDash, Inc. common stockholders	$ (1,365)	$ (468)	$ (461)
Net loss per share attributable to common stockholders, basic (in shares)	$ (3.68)	$ (1.39)	$ (7.39)
Net loss per share attributable to common stockholders, diluted (in shares)	$ (3.68)	$ (1.39)	$ (7.39)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic (in shares)	371,413	336,847	62,390
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, diluted (in shares)	371,413	336,847	62,390

DASH Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,977	$ 2,504
Short-term marketable securities	1,544	1,253
Funds held at payment processors	441	320
Accounts receivable, net	400	349
Prepaid expenses and other current assets	358	139
Total current assets	4,720	4,565
Restricted cash	211	2
Long-term marketable securities	397	650
Operating lease right-of-use assets	436	336
Property and equipment, net	637	402
Intangible assets, net	765	61
Goodwill	2,370	316
Non-marketable equity securities	124	409
Other assets	129	68
Total assets	9,789	6,809
Current liabilities:
Accounts payable	157	161
Operating lease liabilities	55	26
Accrued expenses and other current liabilities	2,332	1,573
Total current liabilities	2,544	1,760
Operating lease liabilities	456	373
Other liabilities	21	9
Total liabilities	3,021	2,142
Commitments and contingencies (Note 10)
Redeemable non-controlling interests	14	0
Stockholders’ equity:
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding	0	0
Additional paid-in capital	10,633	6,752
Accumulated other comprehensive loss	(33)	(4)
Accumulated deficit	(3,846)	(2,081)
Total stockholders’ equity	6,754	4,667
Total liabilities, redeemable non-controlling interests and stockholders’ equity	$ 9,789	$ 6,809