DASH (DoorDash) Intrinsic Value: DCF (FCF Based): $124.03 (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DASH DoorDash Inc DASH
83 GF Score
Price $195.52
GF Value $214.75
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is DoorDash Intrinsic Value: DCF (FCF Based)?

DoorDash DASH +6.05% 83 Intrinsic Value: DCF (FCF Based) is $124.03 as of Jul. 29, 2026. GuruFocus rates DASH with a GF Score™ of 83/100 and a GF Value™ of $214.75 (Fairly Valued). The stock has 4 warning signs investors should review. Among 130 Retail - Cyclical companies, DoorDash ranks worse than 769230% on this metric.

As of today (2026-07-29), DoorDash's intrinsic value calculated from the Discounted Cash Flow model is $124.03.

Note: Discounted Cash Flow model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's predictability rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

DoorDash's Predictability Rank is Not Rated. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety (FCF Based) using Discounted Cash Flow model for DoorDash is -57.64%.

The industry rank for DoorDash's Intrinsic Value: DCF (FCF Based) or its related term are showing as below:

DASH's Price-to-DCF (FCF Based) is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.655
* Ranked among companies with meaningful Price-to-DCF (FCF Based) only.

DoorDash  (NAS:DASH) Intrinsic Value: DCF (FCF Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Cash Flow model evaluates the companies based on their future earnings power instead of their assets.


Be Aware

What you need to know about the DCF model:

1. The DCF model evaluates a company based on its future earnings power
2. Growth is taken into account; therefore a faster growth company is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies that have relatively consistent performance.
4. The DCF model works poorly for inconsistent performers such as cyclicals.
5. What discount rate should you use? Your expected return from the investment is a good discount rate assumption.
6. A larger margin of safety should be required for companies with less predictable businesses.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


DoorDash Intrinsic Value: DCF (FCF Based) Related Terms


DoorDash Intrinsic Value: DCF (FCF Based) Historical Data

* Premium members only.

The historical data trend for DoorDash's Intrinsic Value: DCF (FCF Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DoorDash Intrinsic Value: DCF (FCF Based) Chart

DoorDash Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (FCF Based)
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DoorDash Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intrinsic Value: DCF (FCF Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

DASH vs SE, MELI, EBAY: Intrinsic Value: DCF (FCF Based) Comparison

For the Internet Retail subindustry, DoorDash's Price-to-DCF (FCF Based), along with its competitors' market caps and Price-to-DCF (FCF Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DoorDash Price-to-DCF (FCF Based) vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, DoorDash's Price-to-DCF (FCF Based) distribution charts can be found below:

* The bar in red indicates where DoorDash's Price-to-DCF (FCF Based) falls into.


DASH
83GF Score
DoorDash Inc DASH
Intrinsic Value: DCF (FCF Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DoorDash Intrinsic Value: DCF (FCF Based) Calculation

This is the intrinsic value calculated from the Discounted Cash Flow model with default parameters. In a discounted cash flow model, the future cash flow is estimated based on a cash flow growth rate and a discount rate. The cash flow of the future is discounted to its current value at the discount rate. All of the discounted future cash flow is added together to get the current intrinsic value of the company.

Usually a two-stage model is used when calculating a stock's intrinsic value using a discounted cash flow model. The first stage is called the growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DCF calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 11%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 4.63%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Growth Rate in the growth stage: g1 = 20%
The Growth Rate in the growth stage is initially set as the default 10-Year FCF Growth Rate (Per Share). In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year FCF Growth Rate (Per Share). If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year FCF Growth Rate (Per Share).
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> DoorDash's average Free Cash Flow Growth Rate in the past 5 years was 80.50%, which is no less than 20%. GuruFocus defaults => Growth Rate: 20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Years of Terminal Growth: y2 = 10

6. Free Cash Flow per Share: fcf = $3.969.
However, GuruFocus DCF calculator is actually a Discounted Earnings calculator, the EPS without NRI is used as the default. The reason we are doing this is we found that historically stock prices are more correlated with earnings than free cash flow.

All of the default settings can be changed and the results are calculated automatically.

DoorDash's Intrinsic Value: DCF (FCF Based) for today is calculated as

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.2)/(1+0.11) = 1.0810810810811
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.11) = 0.93693693693694

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Free Cash Flow per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=3.969*31.2501
=124.03

Margin of Safety (FCF Based)=(Intrinsic Value: DCF (FCF Based)-Current Price)/Intrinsic Value: DCF (FCF Based)
=(124.03-195.52)/124.03
=-57.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (FCF Based) of $124.03 mean?
DoorDash (DASH) has a Intrinsic Value: DCF (FCF Based) of $124.03 as of Jul. 29, 2026. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on DoorDash and its competitors. According to the industry distribution chart, DoorDash ranks #999999 out of 130 companies in the Retail - Cyclical industry.
Is DoorDash's Intrinsic Value: DCF (FCF Based) too high?
DoorDash's current Intrinsic Value: DCF (FCF Based) is $124.03. The Retail - Cyclical industry median Intrinsic Value: DCF (FCF Based) is 0.66. DoorDash's value of $124.03 is 18835.9% above this industry median. Based on the distribution chart, DoorDash ranks #999999 out of 130 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, DoorDash has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DoorDash's Intrinsic Value: DCF (FCF Based) compare to SE and MELI?
According to the Retail - Cyclical industry distribution chart, DoorDash ranks #999999 out of 130 companies for Intrinsic Value: DCF (FCF Based). This places DoorDash in the lower half of its industry. The industry median Intrinsic Value: DCF (FCF Based) is 0.66. DoorDash's value of $124.03 is 18835.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (FCF Based) for a Retail - Cyclical company?
The median Intrinsic Value: DCF (FCF Based) among Retail - Cyclical companies is 0.66, based on 130 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (FCF Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (FCF Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DoorDash's current Intrinsic Value: DCF (FCF Based) of $124.03 is 18835.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (FCF Based) mean?
A high Intrinsic Value: DCF (FCF Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on DoorDash and its competitors. For the Retail - Cyclical industry, the median Intrinsic Value: DCF (FCF Based) is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DoorDash's current Intrinsic Value: DCF (FCF Based) is $124.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DoorDash stock overvalued right now?
Based on GuruFocus' analysis, DoorDash (DASH) is currently considered Fairly Valued. The stock's GF Value™ is $214.75, compared to a current price of $195.52 — trading 9% below its estimated fair value. The current Intrinsic Value: DCF (FCF Based) is $124.03 and 18835.9% above the Retail - Cyclical industry median of 0.66. DoorDash's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (FCF Based) calculated?
Intrinsic Value: DCF (FCF Based) is calculated from a company's financial statements. For DoorDash (DASH), the current Intrinsic Value: DCF (FCF Based) is $124.03 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DoorDash (DASH) Overvalued in 2026?

Based on GuruFocus' analysis, DoorDash stock appears to be undervalued. The current stock price of $195.52 is trading 9% below its estimated GF Value™ of $214.75. GuruFocus considers DoorDash to be Fairly Valued.

Key valuation signals for DASH:

  • Intrinsic Value: DCF (FCF Based): $124.03
  • GF Value™: $214.75 vs. price of $195.52 (9% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 18835.9% above the Retail - Cyclical median (#999999 of 130)

No single metric tells the full story. See the DASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DoorDash Business Description

Address 303 2nd Street, South Tower, 8th Floor, San Francisco, CA, USA, 94107
Founded in 2013 within the confines of the San Francisco application renaissance, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food on demand for delivery or in-store pickup from participating merchants. Following the 2022 acquisition of Wolt, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. The firm provides similar services to non-restaurant businesses, such as grocery, retail, and pet supplies. DoorDash is also rolling out emerging technologies, such as drone delivery, to continually innovate and deliver the best possible service to both supply-side and demand-side participants in its marketplace.
83GF Score

Get the complete analysis for DASH

Intrinsic Value: DCF (FCF Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$195.52
Price
$214.75
GF Value