Market Pulse59Neutral

DoorDash, Inc.Opportunity Rank #270(DASH) Intrinsic Value & DCF Analysis (2026)

Current Price

$171.35

Last updated: May 08, 2026

Price vs Intrinsic Value

$171.35
Price
$121.98
Intrinsic Value
Overvalued by 29%MOS: $97.58

Fundamental Score

50/100
Bearish

Weighted across 6 signals

Narrative Score

77/100
Strong

-1 vs previous

Trend Score

21/100
Weak

As of 2026-05-08

The intrinsic value of DoorDash, Inc. (DASH) is estimated at $121.98 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $171.35, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 9.17% long-term growth rate and an 11.25% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of DoorDash, Inc. (DASH) is estimated at $121.98 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $171.35, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 9.17% long-term growth rate and an 11.25% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$121.98
▼ -28.81% downside
20% margin of safety: $97.58
Years: 10Growth Rate: 9.17%
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Capital Efficiency

Average Quarterly ROIC
2.67%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

50/100
BearishWeighted across 6 signals
DCF Discount
28.8% premium to price
2
FCF Yield
4.1% trailing FCF yield
51
ROIC vs WACC
ROIC 2.7% vs WACC 9.0% (0.3x)
15
Net Debt / FCF
Net cash position
100
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
49.1% 5Y FCF CAGR
100
Strengths: Net Debt / FCF, Buybacks. Concerns: DCF Discount, ROIC vs WACC.

Narrative Details

77/100
Strong
-1 vs previousVs 6-Month Baseline:High (85th pct)Weighted across 6 recent drivers
Trend: Improving upConfidence: 100%Updated: 17h ago
Sources: 129 (99 News · 30 Analyst)
Drivers(last 30 days)
79 news sentiment+2.0
2 earnings beat+0.6
16 regulatory scrutiny-0.3
Downgrade headlines+0.3
Earnings miss+0.2
30 analyst reiterations0.0

Trend Details

21/100
WeakAs of 2026-05-08311 daily bars used
6M Relative Strength vs SPY-40.0%
3M Relative Strength vs SPY-17.0%
Distance from 52-Week High-41.8%
Price vs 21 EMA29 · -3.6%
Price vs 50 EMA27 · -4.8%
21 EMA vs 50 EMA40 · -1.3%
3M RS vs SPY6 · -17.0%
6M RS vs SPY1 · -40.0%
Distance from 52W High16 · -41.8%

Investment Coach

Updating... 1d ago
AVOIDConfidence: 59%
Thesis
DoorDash, Inc. is currently overvalued by approximately 25%, with returns trailing its estimated cost of capital despite a strong and improving narrative score and a healthy balance sheet. The company shows neutral fundamentals with positive free cash flow growth and buybacks, but the valuation gap suggests caution.
Key Risk
The key risk is that DoorDash's returns on invested capital remain below its weighted average cost of capital, undermining value creation.
Signals To Watch
  • Price moving to at least a mid-teens discount to fair value.
  • Sustained improvement in ROIC versus WACC spread.
  • Meaningful shifts in the narrative score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 27.70%5 Year CAGR: 26.66%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018
$3,028$2,688$2,462$1,997$713$929$411-$375-$143

How Intrinziq Estimates Fair Value

Intrinziq estimates DoorDash, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

DoorDash, Inc.Communication Services

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.