- Deliveroo is one of the largest food delivery platforms in Europe.
- The bullish thesis is that Deliveroo will continue to differentiate itself from the competition through innovation and its strong brand.
- I foresee multiple risks to Deliveroo. First of all, the employment model. Secondly, competition from Just Eat.
- With an enterprise value of £5.5 billion, Deliveroo's 2020 EV/gross profit is 11.2 and its EV / total transaction value is 1.375.
- I find Deliveroo's stock reasonably priced in comparison to American and German peers.
For further details see:
Deliveroo: A Bet On Visionary Management