DoorDash: Run for the Exits
DoorDash is one of our top short picks for 2021. We think the earnings implosion is just the start as it fails to comp its outrageously fortunate...
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Coupang IPO - Key Assumptions & Earnings Estimates
In this insight, we provide our earnings estimates and key assumptions of Coupang from 2021 to 2025. We forecast the company to generate net...
653 Views
Korea M&A Spotlight: Delivery Hero Agrees to Acquire Woowa Brothers & Sell Yogiyo
Delivery Hero SE (DHER GY) has agreed to acquire Woowa Brothers and sell Yogiyo. Woowa Brothers and Yogiyo are the 1st and 2nd largest players in...
711 Views
Meituan: 'Delivery Margin' Dipped in Q3 | How Patient Will Investors Be with 'New Initiatives'?
Meituan posted strong top-line growth in Q320, but core profitability dipped. We are concerned about 'delivery margin' and wonder how long...
473 Views
DoorDash IPO Valuation Analysis
Our base case valuation of DoorDash is $45 billion or $116 per share, which is 37% higher than the high end of the IPO price range of $75 to $85...
850 Views