WTRH - If Waitr Holdings Improves Its User Experience The Share Price Could Increase By More Than 45%
- Waitr Holdings offers delivery, carryout, and dine-in options. Restaurants can connect to drivers and diners in cities across the United States.
- If the company refines its customer support team and adds new diners, the target market may increase. In sum, right now, I see significant potential in the company’s business model.
- In the future, I expect that the management will refine the process of onboarding new restaurants. The learning curve will help the management use more effectively every dollar invested.
- In my financial model, I included 7.8% sales growth from 2023 to 2032, an EBITDA margin of 8.7%, D&A of around $10 million, and changes in working capital of $7 million. The result includes a free cash flow that grows from $7.8 million to $18.2 million.
- I designed a financial model, which implied a fair price of $7.12. If we take into account that the company trades at less than $2, the shares are currently a gift.
For further details see:
If Waitr Holdings Improves Its User Experience, The Share Price Could Increase By More Than 45%