Company Valuation: DoorDash, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 51,081 18,953 39,379 69,683 97,613 83,601 - -
Change - -62.9% 107.77% 76.95% 40.08% -14.35% - -
Enterprise Value (EV) 1 47,324 15,432 35,301 64,342 94,831 78,655 74,060 68,842
Change - -67.39% 128.75% 82.27% 47.39% -17.06% -5.84% -7.05%
P/E -107x -13.3x -69.6x 578x 106x 74.7x 43.2x 28.9x
PBR 10.7x 2.68x 5.71x 8.85x 9.8x 7.41x 5.78x 4.62x
PEG - -0x 1.1x -5x 0x 3.5x 0.6x 0.6x
Capitalization / Revenue 10.5x 2.88x 4.56x 6.5x 7.12x 4.69x 3.88x 3.28x
EV / Revenue 9.68x 2.34x 4.09x 6x 6.91x 4.41x 3.44x 2.7x
EV / EBITDA 164x 42.7x 29.7x 33.9x 34.1x 21x 15x 10.7x
EV / EBIT -105x -13.7x -61x -1,693x 131x 74.3x 35.3x 20.7x
EV / FCF 84.1x 80.8x 22.8x 35.7x 51.9x 26.6x 17x 12.8x
FCF Yield 1.19% 1.24% 4.39% 2.8% 1.93% 3.76% 5.87% 7.83%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.39 -3.68 -1.42 0.29 2.13 2.584 4.471 6.67
Distribution rate - - - - - - - -
Net sales 1 4,888 6,583 8,635 10,722 13,717 17,839 21,521 25,523
EBITDA 1 289 361 1,190 1,900 2,779 3,743 4,928 6,434
EBIT 1 -452 -1,124 -579 -38 723 1,059 2,096 3,332
Net income 1 -468 -1,365 -558 123 935 1,131 2,013 3,038
Net Debt 1 -3,757 -3,521 -4,078 -5,341 -2,782 -4,945 -9,540 -14,759
Reference price 2 148.90 48.82 98.89 167.75 226.48 192.94 192.94 192.94
Nbr of stocks (in thousands) 343,057 388,217 398,209 415,396 430,999 433,298 - -
Announcement Date 2/16/22 2/16/23 2/15/24 2/11/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.45x3.85x8.92x1.41% 481B
20.03x5.93x17.83x-.--% 299B
21.76x2.53x12.86x-.--% 144B
36.41x4.25x27.73x-.--% 105B
2.9x77.78x2.17x0.14% 102B
31.28x6.12x17.2x-.--% 98B
10.1x7.3x87.65x0.68% 86.88B
74.66x4.41x21.01x-.--% 83.6B
7.58x2.89x59.89x0.79% 32.67B
Average 24.35x 12.78x 28.36x 0.34% 159.08B
Weighted average by Cap. 21.38x 9.84x 19.28x 0.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!