The Discounted Cash Flow (DCF) valuation of DoorDash Inc (DASH) is 95.35 USD. With the latest stock price at 205.40 USD, the upside of DoorDash Inc based on DCF is -53.6%.

Is DoorDash a buy or a sell?

Based on the latest price of 205.40 USD and our DCF valuation, DoorDash Inc (DASH) is a sell. Selling DoorDash stocks now will result in a potential gain of 53.6%.

	Range	Selected
WACC / Discount Rate	6.0% - 8.0%	7.0%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	61.75 - 257.19	95.35
Upside	-69.9% - 25.2%	-53.6%

205.40 USD

Stock Price

95.35 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

DoorDash DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	10,722	11,306	13,460	15,962	18,844	21,915
% Growth	24%	5%	19%	19%	18%	16%

Cost of goods sold	(5,542)	(5,552)	(6,279)	(7,074)	(7,933)	(8,765)
% of Revenue	52%	49%	47%	44%	42%	40%

Selling, G&A expenses	(3,406)	(3,591)	(4,276)	(5,071)	(5,986)	(6,962)
% of Revenue	32%	32%	32%	32%	32%	32%

Research & Development	(1,168)	(1,232)	(1,466)	(1,739)	(2,053)	(2,387)
% of Revenue	11%	11%	11%	11%	11%	11%

Net interest & other expenses	(450)	(475)	(565)	(670)	(791)	(920)
% of Revenue	4%	4%	4%	4%	4%	4%

Tax expense	(39)	(10)	(19)	(31)	(46)	(64)
Tax rate	25%	2%	2%	2%	2%	2%

Net profit	117	447	855	1,378	2,035	2,818
% Margin	1%	4%	6%	9%	11%	13%