In comparison, GRUB charges a 10% base fee and a 20% marketing fee for a total 30% fee from restaurants. DASH is rather secretive about their exact restaurant commission fee structure, but it is estimated to be around 20%. How does DASH compare with food delivery peers? DASH states that their take-rate was 11.9% in the latest quarter, but that includes credits and refunds. DoorDash Comparison With CompetitionĭASH benefited from pandemic tailwinds to report strong top-line growth, with revenue growth accelerating above 200% during 2020. As we will see below, the intense competition has also impacted DASH's ability to generate consistent profits. GRUB stock performed poorly in large part due to " promiscuous customers," who have shown a knack for simply choosing the food delivery service with the lowest cost. It has been a tough ride for Grubhub ( GRUB) shareholders, as the stock is still 50% lower than all time highs as the company prepares to be acquired by Just Eat Takeaway ( OTC:TKAYF). It's worth noting that it hasn't always been easy for food delivery stocks. After peaking above $256 (intra-day pricing), the stock has fallen below its first day price, currently trading just above $140 per share. Since then, the stock has been taken on a rollercoaster. At the time, DASH was one of only three publicly traded food delivery companies in the USA.
What Did DoorDash IPO At?ĭASH completed its initial public offering on Wednesday, December 9th, closing at $189.51 per share, up 86% from its IPO price of $102. In light of valuation, I rate shares a strong sell. The company saw revenue growth accelerated to above 200% in 2020, but is projecting a slowdown in 2021. DASH appears to be competing effectively in the food delivery market, as both its aggressive pricing and easy-to-use app have won the appetites of both customers and restaurants. Santiago/Getty Images News via Getty ImagesĭoorDash ( NYSE: DASH) is a recent IPO which has seen both strong growth in revenues as well as its stock price.
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