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DoorDash Posts Q4 Results

03/03/2021

DoorDash (DASH) reported on Q4 on February 25th.  For the quarter that ended December 31st, the company lost $312 million on revenue of $970 million with an EPS of $(2.67).  For fiscal 2020, the company lost $461 million on revenue of $2,886 million with an EPS of $(7.39).

 

Effective December 31st the company posted total assets of $6.35 billion of which 9.3 percent comprised intangible assets and goodwill.

 

DoorDash has a market capitalization of $53.8 billion and has traded over a 52-week period in a range of $135.38 to $256.09 with a 50-day moving average of $190.44.  The company posted a 12-month trailing operating margin of -14.7 percent and a profit margin of -16.0 percent.  DoorDash generated a return on assets of -6.6 percent and on equity -15.7 percent.

 

In providing guidance, the Company noted the potentially beneficial effect of California Proposition #22 and predicted a gross order value of $9.1 billion for the 1st quarter and $33 billion for FY 2021.

 

DoorDash can be regarded as a surrogate for the entire food delivery business.  Share price and hence market capitalization cannot be justified by negative company fundamentals.