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Just Eat Takeaway.com NV TKWY Stock Quote

| Rating as of

XAMS: TKWY

Last close prices updated as of Feb 01, 2023, 5:36 PM CET | EUR
  • Last Close 23.45
  • Sector Consumer Cyclical
  • Industry Internet Retail
  • Investment Style Mid Value
  • Day Range 22.78  –  23.66
  • Year Range 12.19  –  44.80
  • Market Cap 4.9510 Bil
  • Volume / Avg 1.3 Mil /  2.3 Mil
  • Price / Sales 0.90
  • Price / Book 0.49
  • Forward Div Yield
  • Trailing Div Yield

Morningstar‘s Stock Analysis TKWY

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Economic Moat

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Capital Allocation

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Just Eat Reports Strong Profitability in H2 Ahead of Consensus With Growth Slowing Down As Expected

Ioannis Pontikis Senior Equity Analyst

Analyst Note

| Ioannis Pontikis |

Just Eat Takeaway reported a fourth-quarter trading update with total orders down 12%, and gross transaction value down 2% (down 6% at constant currency) broadly in line with our estimates (EUR 28.22 billion GTV versus EUR 28.35 billion in our model). Similar to third-quarter trends Southern Europe, Australia, and New Zealand; and the U.K. and Ireland were the main detractors with GTV down 15% and 3% respectively, which was partially offset by the rest of the group (Northern Europe up 3%, North America down 2% aided by currency, down 11% at constant currency). Order declines were broadly expected due to tough comparables and a lower number of low-contribution orders, while GTV growth is the product of higher average order values (restaurants passing on inflation and Just Eat reducing the number of low-value orders) as well as positive currency effects. On guidance, management introduced a fresh outlook for fiscal 2023 (no specific GTV or order growth guidance was given, but management said growth should be skewed toward the end of the year given soft comps from last year) with adjusted EBITDA expected to be about EUR 225 million, a number that includes "investments in food and nonfood adjacencies and wage costs inflation, and takes into account the uncertain macroeconomic environment." Given the significant beat on actual and guided adjusted EBITDA (EUR 16 million in fiscal 2022 versus EUR 130 million EBITDA losses for FactSet consensus and guidance for EUR 225 million in 2023 versus EUR 130 million for FactSet consensus), shares reacted positively, rising as high as 15% at the of time of writing. With the iFood sale now complete, our expected fair value estimate reduction for Just Eat by about 5% to reflect the lower sale price (EUR 1.8 billion versus EUR 2.6 billion in our sum-of-the-parts analysis) is offset by time value of money since our last model update. Therefore, we maintain our EUR 81 fair value estimate and narrow moat rating for Just Eat Takeaway.

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Key Statistics TKWY

Company Profile TKWY

Business Description

Just Eat Takeaway operates an online marketplace that connects restaurants with users in Europe and North America. The company operates mainly as an order-only marketplace, although it also offers last-mile delivery services. The company is the result of the merger of Just Eat and Takeaway.com in early 2020. The company had close to 985 million orders and a gross transaction value of EUR 28.2 billion in fiscal 2022. Excluding the U.S. after its recent acquisition of Grubhub, the company’s largest geographical presence by revenue is in the U.K., Germany, Canada, and the Netherlands.

Contact
Oosterdoksstraat 80
Amsterdam, 1011 DK, NLD
Industry Internet Retail
Employees 20,235

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FAQs for Just Eat Takeaway.com NV Stock

No. TKWY does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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TKWY’s market cap is 4.95 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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TKWY’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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TKWY’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare TKWY’s historical performance against its industry peers and the overall market.