GRUB

Just Eat Takeaway.com N.V. - ADR (New)

TMT, Consumer


Presented:08/25/2021
Price:$19.06
Cap:$40.43B
Current Price:$2.64
Cap:$2.55B

Presented

Date08/25/2021
Price$19.06
Market Cap$40.43B
Ent Value$29.49B
P/E RatioN/A
Book Value$7.36
Div Yield0%
Shares O/S2,121.21M
Ave Daily Vol3,097,522
Short IntN/A

Current

Price$2.64
Market Cap$2.55B
Just Eat Takeaway.com NV owns and manages food delivery websites. The company connects consumers and restaurants through its platform in European countries and Israel. It offers consumers a wide variety of food choice. The company was founded by Jitse Groen in 2000 and is headquartered in Amsterdam, the Netherlands.

Publicly traded companies mentioned herein: Deliveroo PLC (ROO LN), DoorDash Inc (DASH), Just Eat Takeaway.com NV (GRUB, JET LN, TKWY NA), Uber Technologies Inc (UBER)

Highlights

The presenter is long shares of Just Eat Takeaway.com NV, which trades as GRUB in the US, TKWY on the Euronext (TKWY NA), and JET on the London Stock Exchange (JET LN). Since mid-2019, the stock’s forward revenue multiple has compressed from 11x to the current 3x, a substantial discount to food delivery peers like DASH (11x), due to negative catalysts that are now reversing. This multi-year sell-off and recent clarity on important dynamics (e.g., expansion strategy, earnings outlook) have now made GRUB a value play in a growth sector. By the end of 2022, the stock could more than double from its $19 share price based on an earnings upgrade cycle and associated multiple expansion. 

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Idea Discussion

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