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Just Eat Takeaway.com N.V. (JET.L)

LSE - LSE Delayed price. Currency in GBp
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7,820.00+62.00 (+0.80%)
At close: 4:35PM GMT
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Previous close7,758.00
Open7,870.00
Bid7,838.00 x N/A
Ask7,842.00 x N/A
Day's range7,760.00 - 7,886.00
52-week range65.28 - 10,050.00
Volume114,362
Avg. volume337,576
Market cap11.674B
Beta (5Y monthly)0.62
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • DoorDash Is Trouncing Its Rivals, and That’s Just the Start
    Bloomberg

    DoorDash Is Trouncing Its Rivals, and That’s Just the Start

    (Bloomberg Opinion) -- The financial details for DoorDash Inc. — one of the biggest beneficiaries from the pandemic and one of the year’s most anticipated initial public offerings — are now out and they are stunning. Even more important for would-be investors, they signal that the food-delivery leader has a good chance of thriving in another larger industry: the last-mile delivery of anything.Early Friday, DoorDash filed to go public with the U.S. Securities and Exchange Commission, revealing in its prospectus that revenue more than tripled in the first nine months of 2020 to $1.9 billion from $587 million year earlier. At the same time, its net loss shrank in the period to $149 million from $533 million last year, showing the company’s ability to improve profitability as it reaches bigger scale. The sales results also point to how DoorDash is rapidly extending its lead over its main competitors. To illustrate the disparity, Uber Eats and Grubhub increased sales by roughly 125% and 53%, respectively, in their latest reported quarters. Impressive for sure, but not DoorDash impressive.DoorDash has thrived in the Covid-19 world. With many restaurants forced to either shut down physical locations or limit in-person dining, more business has moved to online orders, driving traffic to the food-delivery platforms. The growing opportunity has sparked a recent wave of consolidation. In June, Just Eat Takeaway.com NV agreed to buy Grubhub for $7.3 billion. And then a month later, Uber Technologies Inc. announced a deal to purchase Postmates for $2.65 billion. But even after these deals, DoorDash will remain the preeminent leader.With its No. 1 position in food delivery, DoorDash says it will go after the larger prize of local commerce. The company plans to use its platform to eventually provide on-demand delivery for any product. “While food itself is a category that has a long runway for growth, we believe the network we have built ideally positions us to fulfill our vision of empowering all local businesses to compete in the convenience economy,” the company said. Notably, Uber is looking into this kind of expansion as well.Read more: Uber Eats + Postmates Offers Amazon-Sized Opportunity: Tae KimCan DoorDash muscle into other categories outside of food? On the one hand, it is hard to see how it could ever be as efficient for a network of gig workers with sedans and other small vehicles to do last-mile delivery the way FedEx Corp. or United Parcel Service Inc. do. But some recent experiments show that the pandemic might have increased retailer appetite for having a non-traditional last-mile delivery partner. Sephora and Bed Bath & Beyond Inc. have recently collaborated with Instacart to offer same-day delivery from their stores. If those efforts are successful this holiday season, it could help DoorDash and its rivals make the case that they can play a bigger role in the on-demand economy.In any logistics-centric business, achieving density of deliveries is typically thought of as the holy grail because it is an essential component of reaching profitability. That would seem to make major metropolitan areas the most attractive place for a food-delivery company to focus its efforts. DoorDash, perhaps counterintuitively, has not taken that approach. It has emphasized blanketing suburban and smaller metropolitan areas, theorizing that these places are especially fertile ground because they are underserved when it comes to food-delivery options.The filing also included other unexpected details about why the suburbs have been a good target for DoorDash: Parking and traffic are less nightmarish, making it easier to serve customers, and the high proportion of families makes for larger average orders. The company says it has 58% market share in the suburbs, a greater share than it has of the category overall. That focus should serve it well amid the pandemic and beyond. While consumers will certainly return to in-restaurant dining in greater numbers when the public health crisis abates, many who tried digital delivery for the first time this year will stick with it, even if they don’t do it as frequently.It won’t be easy for any of the food-delivery insurgents to expand beyond their core businesses. But DoorDash’s booming growth and commanding market share show it is attempting the transition from solid footing. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Grubhub's Stock Could Still Soar Higher Before It Gets Acquired
    Motley Fool

    Grubhub's Stock Could Still Soar Higher Before It Gets Acquired

    Four months ago, Grubhub (NYSE: GRUB) agreed to an all-stock merger with its European peer Just Eat Takeaway (OTC: TKAY.Y), which had recently been formed by a merger between two other food delivery platforms, Just Eat in the U.K. and Takeaway in the Netherlands. At the time, I noted the merger could solve Grubhub's biggest problems: its dependence on the saturated U.S. market, its decelerating growth, and its rising expenses. Grubhub's stock has rallied over 40% since the deal was announced, and I believe it still has room to run before Just Eat Takeaway closes the deal.

  • Waitr’s Footprint and Fintech Make for an Appetizing Takeover Target
    IPO-Edge.com

    Waitr’s Footprint and Fintech Make for an Appetizing Takeover Target

    By Jarrett Banks When it comes to regional expansion, Uber Technologies, Inc., Just Eat Takeaway, and Doordash tend to take big bites. Who might be their next M&A target? One prime candidate to consider is food ordering and delivery business Waitr Holdings, Inc., which connects local restaurants to diners in underserved markets where it usually […]