GRUB

GrubHub Inc

TMT, Consumer


Presented:07/08/2019
Price:$75.80
Cap:$6.91B
Current Price:$2.64
Cap:$2.55B

Presented

Date07/08/2019
Price$75.80
Market Cap$6.91B
Ent Value$6.68B
P/E Ratio128.43x
Book Value$16.05
Div Yield0%
Shares O/S91.18M
Ave Daily Vol2,615,442
Short Int24.72%

Current

Price$2.64
Market Cap$2.55B
Grubhub, Inc. operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. Its online and mobile ordering platforms allow diners and corporate businesses to order directly from takeout restaurants in the United States and London. The firm's products and services include Grubhub, Seamless and Eat24 Mobile Apps and Mobile Website, Grubhub, Seamless, Eat24 and MenuPages Websites, Corporate Program, Delivery Services, Grubhub for Restaurants, Technology and Fulfillment Services, Point of Sale Integration, Restaurant Websites and Mobile Applications and Allmenus. Grubhub was founded on August 8, 2013 and is headquartered in Chicago, IL.

Publicly traded companies mentioned herein: Etsy Inc (ETSY), GrubHub Inc (GRUB), Uber Technologies (UBER)

Highlights

The presenter is long shares of GrubHub (GRUB), which he considers undervalued given its growth outlook despite the market’s concern about lower EBITDA guidance and intensified competition. Shares are currently trading at $77 ($7.1B EV), and he sees over 50% upside to $120 ($11B EV), or 31x 2020 EBITDA. On the downside, he doesn’t think that the company will trade lower than 20x NTM EBITDA of $300M, indicating a floor in the $60s (~$6B EV).

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.