As the Rest of the World contains 19 countries with very different economic and market characteristics - for example, Australia, Israel, and Poland, the trailing EV/revenue multiple of Delivery Hero is applied, which results in 6.6 billion euros or 29 euro per share. Read on below to find out more. The figures were adjusted to account for Takeaways $7.8 billion takeover of Britains Just Eat in April 2020, as if it had owned the company in both years. It provides a good insight into the unit economics of both JET's marketplace and delivery activities. If selected, 2for1 will purchase 100 meals from your restaurant. JET will likely grow to at least 1.5 times per month in 2030 and continue to increase to 2.5 times per month, which would still be less than half the order frequency in South Korea. Our Food Delivery App report includes breakdowns of all of the top apps by revenue, GMV and orders, alongside regional market share statistics, usage, and downloads. Faced with these challenges, it might seem futile to invest in any food delivery companies right now. To make the world smarter, happier, and richer. The starting point for JET's revenue and profit analysis is the current (estimated) unit economics, calculated on a country-by-country basis. "Revenue of Just Eat Takeaway.com worldwide in 2021, by country (in million euros)." Revenue grew by 33% According to the company, 2021 was a year of strong growth driven by the company's investments during the pandemic. The Motley Fool recommends Just Eat Takeaway.com N.V. and recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. See here for a complete list of exchanges and delays. It reiterated on Wednesday that deal is set to close in the first half of 2021, pending approval from Grubhub shareholders. RTTNews->. JET's cash and cash equivalents of 529 million euro is estimated at book value. Figures show the revenue presented on the basis of the combined results of Just Eat and Takeaway.com in order to provide comparable information for the periods under review. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Meanwhile, the number of MAUs (Monthly Active Users) utilizing larger rival DoorDash expanded from 25 million in 2021 to 32 million in 2022. Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. The company was formed after Netherlands-based Takeaway.com acquired U.K.-based Just Eat last year. (March 2, 2022). This is based on information in JET's annual report. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Cost basis and return based on previous market day close. A paid subscription is required for full access. Type a symbol or company name. According to the first-half 2021 earnings report it provided on Aug. 17, its revenue rose 52% year over year to approximately $3 billion. While the long-term projections in a discounted cash flow or DCF model will be highly uncertain it can account for the unique characteristics of JET in the fast-changing food delivery space. The Netherlands is valued at 3.2 billion euro (14 euro per share), and Canada at 2.8 billion euro (13 euro per share). On the plus side, management said order growth should reach 45% year over year -- not counting Grubhub, which it acquired in June 2020 for $7.3 billion in stock, and fully integrated into its operations in June 2021. JET during its full-year analyst presentation shared that the average gross profit per order for the United Kingdom will return to the long-term average of 3 euros (see chart below). From its base in the London Docklands, Just Eat continued to grow. JET Netherlands: DCF ModelSource: Just Eat Takeaway company reports, OECD, Deloitte, own estimates. Demand for food-delivery services boomed last year as government-imposed curbs shuttered restaurants and customers stayed at home. That decline also dragged down Grubhub, since Just Eat Takeaway plans to exchange 0.671 shares ofits own stock for each share of Grubhub when the deal closes. REUTERS/Toby Melville. Reporting by Toby Sterling; Editing by Aditya Soni and Pravin Char. With keeping marketing and other expenses per order equal to last year, adjusted EBITDA will amount to 315 million euro in 2030. In, Just Eat Takeaway.com. Adding about 0.3 euro in order processing costs means the delivery cost likely amounted to around 7.8 euro for 2020. When multiplied by the average order value (AOV), the resulting number of orders leads to the GMV. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The share price does not reflect the leading position in these large profit pools. *Average returns of all recommendations since inception. It priced its IPO at $102 a share, and the stock soared 86% to nearly $190 on the first trading day. Last year Takeaway also agreed to buy U.S. peer Grubhub (GRUB.N) in a $7.3 billion deal that would make it the largest food delivery company outside China. The order frequency is expected to move up from 9 times last year to 15 times per year or 1.3 times per month in 2030. Subject to satisfaction of conditions, completion of the transaction is anticipated to occur in the first half of 2021. Therefore, Just Eat's superior scale could enable it to narrow its net losses and approach GAAP profitability at a much faster rate than DoorDash. But if Grubhub is actually a valuable asset -- and several performance metrics suggest it is -- the market will weigh the situation rationally in the longer run and Just Eat's stock will rise to price in Grubhub's true value. Revenue on a combined basis grew 54% to 2.4 billion in 2020, compared with 1.6 billion in 2019. JET: Customers Order More Frequently, Users Are Extremely Loyal, Source: Just Eat Takeaway analyst presentation 2020. Written by However, I still believe Just Eat Takeaway could be a safer long-term investment than DoorDash, for three simple reasons. Subtracted from gross enterprise value are borrowings, lease liabilities, and non-controlling interests to obtain equity value. Other expenses per order are kept stable. Just Eat Takeaway reported 16.6 billion in gross merchandise value in 2021, a decrease of 2 billion on the previous year. Just Eat didn't provide any exact guidance, but analysts expect its revenue torise 58% this year. Find your information in our database containing over 20,000 reports, number of active consumers on Just Eat Takeaway.com, regional revenue of Just Eat Takeaway.com, share of orders for Just Eat Takeaway.com, digital restaurant delivery services worldwide. DoorDash eventually hit a 52-week high of $256 a share this February before being clobbered in the broad sell-off in high-growth tech stocks. Rhian Hunt has no position in any of the stocks mentioned. The structural growth opportunity of JET is well underpinned. Just Eat Takeaway reported a 25 million loss in 2022, an improvement on the 342 million loss it reported the previous year. Before the merger, Just Eat reported the revenue it made per order, which in 2018 reached 3.30. Just Eat Takeaway's revenue rose 54% to 2.4 billion euros ($2.8 billion) in 2020. . As a result, the gross merchandise value, or GMV, will increase from 1.2 billion euro last year to over 3 billion euro in 2030. Making the world smarter, happier, and richer. As such JET's profitability is the key value driver. Will Either of These Delivery Stocks Turn Profitable Anytime Soon? I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. JET Netherlands: Revenue ModelSource: Just Eat Takeaway company reports, OECD, own estimates. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Show publisher information As a result of the aforementioned addressable population, higher online penetration, improved order frequency, higher AOV, and the improvement of the take rate JET's revenue might increase from 174 million euro in 2020 to almost 630 million euro in 2030, which is close to 14% per year on average. Statista. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Just Eat Takeaway.com revenues 2021, by country Published by Statista Research Department , Mar 9, 2023 Just Eat Takeaway.com is an online food order and delivery service, acting as an. JET recently acquired U.S. based Grubhub. DoorDash isn't the only online food delivery service that lost its luster over the past few months. With consumers eating three meals a day or roughly 90 meals per month, there is theoretically room to improve JET's overall order frequency dramatically. Last year, JET's customers on average ordered less than 10 times, or 0.8 times per month. (801) 607-2485. But in its annual report, it told investors to "expect a further acceleration of our order growth in 2021 compared with last year.". AMSTERDAM (Reuters) - Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID-19 pandemic helped it meet expectations for full-year 2020 earnings, the online food-ordering and delivery company said on Wednesday. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. This is partly due to the aggregator vs platform model, in many towns Uber Eats and Deliveroo are unable to operate as they need to hire delivery riders, whereas Just Eat doesnt handle the majority of its orders. Shares in Takeaway rose 2.6% to 82.16 by 0825 GMT, but below the nearly 100 euros they traded for in June when it announced the all-share offer for Grubhub. As JET does two drops per hour, courier costs will amount to 7 to 7.5 euro per order. Valuing JET by parts will generate better valuation estimates and deeper insights into where and how the company is generating value. Multiples for example can't account for the unique characteristics of JET. JET's revenue model needs to incorporate all the operational data to mirror the company's economics. According to the first-half 2021 earnings report it provided on Aug. 17, its revenue rose 52% year over year . The combined revenue of Just Eat Takeaway and Grubhub ($4.65 billion) makes it the largest food delivery company in the West, although it is dwarfed by Meituan and Ele.me, the two Chinese delivery giants, which have reported revenues of over $7 billion. Yet Just Eat Takeaway is only valued at 12 billion euros ($14.1 billion), or three times this year's sales. Using discounted cash flow analysis, the Netherlands could be worth 3.2 billion euro, or 14 euros per share. Groen said order growth would continue even as pandemic-driven deliveries eased in various markets over the course of 2021. Groen said order growth would continue even as pandemic-driven deliveries eased in various markets over the course of 2021. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival Deliveroo for a stock market listing in London, CEO Jitse Groen said. Is this happening to you frequently? Activist investor Cat Rock Capital wants the company to sell Grubhub; Just Eat is refusing to. That gap could widen as Just Eat integrates Grubhub and continues expanding, while DoorDash resorts to aggressive promotions to counter Uber and Grubhub in a post-pandemic world. Bars and taverns in Utah are also subject to restaurant tax on food sales and beverages (including beer and liquor). Source: Company data. [Online]. The dominant position is the direct result of strong multisided platform network effects that have been built up in its local markets over the past two decades. I am not allowed to own this stock because of my professional activities. The Motley Fool owns shares of and recommends Amazon. The activist investor admits Grubhub is actually performing well, saying "we believe that the market is undoubtedly wrong when it attributes a large negative value to Grubhub," and that "Grubhub has significant strategic value." Further, regarding Grubhub transaction, the company noted that all regulatory approvals have been obtained, and the Extraordinary General Meeting of Just Eat in October last year approved the deal. Even with the new competition, Just Eat is still ahead in the UK. JET also benefits from economies of scale. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Warren Buffett Has Bet Over $166 Billion on 3 AI Growth Stocks, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Invest better with The Motley Fool. I have no business relationship with any company whose stock is mentioned in this article. Revenue of Just Eat Takeaway.com worldwide in 2021, by country (in million euros) [Graph]. Just Eat didn't boost its 2021 guidance and said it expected its earnings before interest, taxes, depreciation, and amortization (EBITDA) margins to shrink by 1% to 1.5% for the year. Cat Rock claims this will make it harder for Just Eat to get financing and also leaves it more vulnerable to takeover bids. I look for high-quality companies which exhibit characteristics such as strong franchise durability, high (potential) free cash flow generation, preferably relatively low capital intensity, and limited financial leverage. It has partnered with major food brands, like McDonalds, Greggs and Subway. Get in touch with us. Just Eat Takeaway had a combined 61 million users, with the majority based in the UK and Western Europe. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. It owned a 33 percent stake in Brazilian food giant iFood, but sold the stake in 2022 for 1.7 billion in 2022. 19 N University Ave. Provo, UT 84601. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. JET: The Gross Profit Per Order Projected Until 2030, Source: Just Eat Takeaway annual report, analyst presentation 2020, own estimates. The deal gives Just Eat an 18 percent foothold in the US market. Trying to value JET as a single enterprise will not provide much insight. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. As soon as this statistic is updated, you will immediately be notified via e-mail. In the past few years, due to pressure from Uber Eats and Deliveroo, it has started to run its own delivery service. In this business model, JET only acts as the middleman between restaurants and customers. JET is worth over 148 euro ($36) per share/ADR, or 18% IRR, over the next decade. It did not name the bidder. By signing up you agree to our privacy policy. Other information can be found online or needs to be estimated. The team is working hard to make 2022 a successful year for both the company and all our stakeholders., This article is produced in collaboration with our partner. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. While JET's penetration of the adult population in its leading markets is just over 10%, approximately 70% of the local adult population in these markets, orders food at least once a year. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. And read the PDF documents on your computer and mobile device. See here for a complete list of exchanges and delays. Just Eat Takeaway completed 657 million orders in 2022, a 15% decline on the year prior. As a Premium user you get access to the detailed source references and background information about this statistic. The vast majority of JET orders come from existing customers that tend to be extremely loyal. Statista assumes no Please. Our Standards: The Thomson Reuters Trust Principles. Just Eats business model was highly successful, it took 10-15 percent commission for every order, without any meaningful overhead. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In its trading update for the fourth quarter, the Amsterdam-based company reported that delivery orders in the UK surged 387 percent in the fourth quarter, compared to the same period last year. The United Kingdom and Germany performed the best with increases of 82% and 76%, respectively, while the United States (that is, Grubhub) performed the worst with a gain of 22%. Let us help you elevate your growth game today! Just Eat may be the best example of perfect market fit in the wrong country. The outlook reflects significant investments in Delivery in the fourth quarter of 2020. The AOV (2020: 23.5 euro) is mainly driven by expected inflation and partly driven by the growth of Scoober orders, which usually carry a higher basket value. La Jolla Groves 4801 N. University Ave., #610, Provo; 801-224-5111 or online. DoorDash's revenue surged 226% to$2.89 billion in 2020. DoorDash is currently valued at $42.8 billion, or 12 times this year's sales. The resulting total equity value of 33.5 billion euro is divided by the diluted shares outstanding, which results in a value per share of just over 148 euro per share (or $36 per U.S. ADR), or over 90% upside. The most important key figures provide you with a compact summary of the topic of "Just Eat Takeaway.com" and take you straight to the corresponding statistics. Pick up Nov. 24 and 25; order . During the latest full-year analyst presentation, JET highlighted that its cohorts continue to get steeper, which indicates a higher order frequency. The company reported a net loss of 151 million euros for 2020, widening from 103.1 million euros in 2019. supply and demand for food delivery are brought together. Available: https://www.statista.com/statistics/953877/just-eat-revenue-by-market/, Revenue of Just Eat Takeaway.com worldwide in 2021, by country, Immediate access to statistics, forecasts & reports, Takeaway and fast food restaurant count in the UK 2013-2023, Key figures on the pizza delivery and takeaway sector in the UK in 2021, Market size of the pizza delivery and takeaway sector in the UK 2012-2022, Average spend per person on takeaway food from restaurants in the UK 2019-2021, Average spend per person on takeaway food in the UK 2019-2021, by city, Leading types of takeaway food in Great Britain 2021, by region, Leading types of takeaway food in Great Britain 2021, by age group, Main factors when choosing a food delivery platform in the UK 2021, Online food delivery bookings by brand in the UK 2022, Restaurant food delivery orders made on a third party app in the UK 2019-2021, Revenue of Just Eat Takeaway.com worldwide 2020-2022, Just Eat Takeaway.com revenues 2021, by country, Total assets of Just Eat Takeaway.com worldwide 2020-2022, Revenue forecast for the Online Food Delivery market in the United Kingdom until 2024, Number of users forecast for the Online Food Delivery market in the United Kingdom until 2024, Penetration rate forecast for the Online Food Delivery market in the United Kingdom until 2024, ARPU forecast for the Online Food Delivery market in the United Kingdom until 2024, Channels used to order takeaway food delivery in the UK 2018, Takeaway market: tax revenue in the United Kingdom (UK) 2014, by channel, Spending on takeaways in South Korea 2014-2019, Leading takeaways ordered online or via an app in the UK 2015, Leading foods ordered for delivery in the United Kingdom (UK) 2017, Food delivery market size in Russia 2021-2024, Takeaway market: economic contribution in the United Kingdom (UK) 2014-2016, Fastest growing takeaway cuisine types ordered in the United Kingdom (UK) 2017, Leading food delivery apps in the United Kingdom (UK) 2017, by share of orders, Oriental cuisines eaten as takeaways/delivery in the United Kingdom (UK) 2015, New European food delivery companies by market valuation 2016, Hungryhouse.com revenues and profit loss in the United Kingdom (UK) 2012-2016, Takeaway market spending in the United Kingdom (UK) 2009-2021, Just Eat profits before tax worldwide 2013-2018, Consumers who bought or ate fast food in the last month New Zealand 2016, by type, Frequency of ordering food for takeout in the U.S. 2016, by community type, Recycling rates of e-waste in Spain 2009-2016, Restaurant delivery and takeaway in the United Kingdom, Revenue of Just Eat Takeaway.com worldwide in 2021, by country (in million euros), Find your information in our database containing over 20,000 reports. Grubhub's Stock Could Still Soar Higher Before It Gets Acquired, More Consolidation in the Food Delivery Industry Will Likely Only Hurt Local Restaurants, Statistically Speaking, These Are the 2 Worst Ages to Claim Social Security Benefits, U.S. Money Supply Hasn't Done This Since the Great Depression, and It Implies Something Big for Stocks, Surprise! While the acquisition deserves a full analysis on its own, for now Grubhub is added at the acquisition price, resulting in adding 6.2 billion euro. *Average returns of all recommendations since inception. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 256 million euros, from 217 million euros a year earlier. Clicking on the following button will update the content below. Our Food Delivery App report includes breakdowns of all of the top apps by revenue, GMV and orders, alongside regional market share statistics, usage, and downloads. The revenue model of the Netherlands (shown below) starts with an addressable population (aged 15 and older) of 14.6 million people. Within three years, the company had moved its HQ to London and launched in the Netherlands and Ireland. Just Eat did post double-digit percentage revenue gains for all its major markets. ", Just Eat Takeaway.com, Revenue of Just Eat Takeaway.com worldwide in 2021, by country (in million euros) Statista, https://www.statista.com/statistics/953877/just-eat-revenue-by-market/ (last visited June 04, 2023), Revenue of Just Eat Takeaway.com worldwide in 2021, by country (in million euros) [Graph], Just Eat Takeaway.com, March 2, 2022. (RTTNews) - Online food delivery company Just Eat Takeaway.com N.V. (JET.L) Wednesday reported its fourth-quarter order growth accelerated to 57 percent. Let us help you, Rapid Delivery App Revenue and Usage Statistics (2023), Postmates Revenue and Usage Statistics (2023), Getir Revenue and Usage Statistics (2023), Food Delivery App Revenue and Usage Statistics (2023), Deliveroo Revenue and Usage Statistics (2023), Instacart Revenue and Usage Statistics (2023), DoorDash Revenue and Usage Statistics (2023), Uber Eats Revenue and Usage Statistics (2023), Grubhub Revenue and Usage Statistics (2023), Gorillas Revenue and Usage Statistics (2023), Jitse Groen (CEO, Takeaway.com), Peter Duffy (interim CEO, Just Eat), Paul Harrison (CFO), Just Eat Revenue and Usage Statistics (2023), Just Eat Takeaway generated 3 billion revenue in 2022, a 5.1% increase year-on-year, In 2022, Just Eat Takeaway reduced losses to 25 million, Just Eat Takeaway had 61 million users combined over all of its apps, The combined operation generated 16.6 billion in GMV in 2022. read more. In 2019, Just Eat announced a merger with Takeaway.com. Which brings up the question: what is JET worth? JET's borrowings are all convertible bonds. JET's non-controlling interest of 5 million euro is estimated at book value. Want to learn more? Online penetration remains low, but increasing quickly, and order frequency rising steadily. These symbols will be available throughout the site during your session. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival Deliveroo for a stock market listing in London, CEO Jitse Groen said. Just Eat Takeaway's revenue rose 54% to2.4 billion euros ($2.8 billion) in 2020. It reiterated on Wednesday that deal is set to close in the first half of 2021, pending approval from Grubhub shareholders. Show sources information When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Its total number of orders grew 210% to 816 million, while its marketplace GOV (gross order volume, or the total value of all of its orders) jumped 206% to $8.18 billion. "[W]hile Grubhub has some specific challenges today, it is a large and growing business with good underlying profitability," it said, adding that it is working on a "clear improvement plan" for its subsidiary. Use Adobe Acrobat Reader and Liquid Mode for best reading experience. Invest better with The Motley Fool. Other debt equivalents include 87 million euros in lease liabilities, which are estimated at book value. Adjusted EBITDA on a combined basis for Just Eat Takeaway.com increased to 256 million in 2020, up 18% from 217 . Profit from the additional features of your individual account. AMSTERDAM (Reuters) - Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID-19 pandemic helped it meet expectations for full-year 2020 earnings,. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. While Just Eat's shares did drop sharply after the June 2020 announcement of its Grubhub purchase, the stock charts don't appear to correlate as strongly to the event as Cat Rock claims. data than referenced in the text. Note: After 2019 includes Takeaway.com. Statistically Speaking, These Are the 2 Worst Ages to Claim Social Security Benefits, U.S. Money Supply Hasn't Done This Since the Great Depression, and It Implies Something Big for Stocks, Surprise! Better cost controls helped Dell Technologies Inc beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The take rate in the future depends on the change in the mix between marketplace and delivery orders and expected increases of the commission rate and delivery fee. This article was amended on 6/16/2021 to reflect minor corrections to the valuations for each addressable market. We are quite a bit larger, and well do our best to compete with them, he said, citing a 88% surge in orders there in the first two months of 2021. The Motley Fool has a disclosure policy. Accessed June 04, 2023. https://www.statista.com/statistics/953877/just-eat-revenue-by-market/, Just Eat Takeaway.com. Adjusted EBITDA was down by 183% in the U.S., but also fell in other markets, with the U.K. registering a 156% plunge and Canada's EBITDA falling by 85%. According to investment firm Cat Rock Capital JET countries could reach 35% penetration in 2030. Learn More. Just Eat Takeaway responded to this missive with a press release that signaled its refusal to sell Grubhub at this point. The Motley Fool recommends Just Eat Takeaway.com N.V. and Uber Technologies. While the Northern European segment, with an adjusted EBITDA of 256 million in 2021, is the most profitable segment in the industry already, we also . JET: Penetration Will Go Up to 70% or 80% in All Markets. Download the free Just Eat app now and order from a restaurant near you in just a few simple taps. Just Eat Takeaway's revenue is growing across all markets, including in the U.S. . Moburst creates category leaders and is the powerhouse behind the giants like Google, Reddit, and Uber. JET is still open to receiving offers of interested parties. Technology investor Prosus also reported that order frequency at its Brazilian and Indian online food delivery marketplaces iFood and Swiggy in the last few years has increased strongly. You need at least a Starter Account to use this feature. The resulting order frequency moves a little closer to mature delivery markets, such as for example South Korea. However, investors who are thinking about buying DoorDash after its recent plunge should take a closer look at its European counterpart instead. It expects its marketplace GOV to grow just 22%-34% for the full year, and analysts expect its revenue to rise 29%. Just Eat Takeaway.com is an Anglo-Dutch company that specializes in online food delivery. Combining the addressable population, penetration rate, and order frequency leads to the number of orders, which will increase from 49 million in 2020 to 114 million in 2030. All quotes delayed a minimum of 15 minutes. Shares in Takeaway rose 2.6% to 82.16 by 0825 GMT, but below the nearly 100 euros they traded for in June when it announced the all-share offer for Grubhub. Warren Buffett Has Bet Over $166 Billion on 3 AI Growth Stocks, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. There are strong arguments on both sides, but keeping the subsidiary may be the best strategy. To calculate the market equity value, the following assets are added to obtain the gross enterprise value: The gross enterprise value amounts to 33.6 billion euros. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Lemon peppered turkey dinner for four, with sides and pumpkin cheesecake, is $150. Just Eat Takeaway made 3 billion revenue in 2022, with the UK and Ireland segment contributing the most revenue. Revenue in 2021: $5.09 B According to Just Eat Takeaway 's latest financial reports the company's current revenue (TTM) is $5.09 B . JET is worth over 148 euro ($36) per share/ADR, or 18% IRR, over the next decade. I am not receiving compensation for it (other than from Seeking Alpha). RTTNews.com for Why Just Eat Takeaway.com Defied the Tech Sell-Off This Week. Just Eat's broader geographic diversification could better insulate it from regulatory challenges in individual countries. reveals the caf innovators to meet at the show, Fish on Friday with Krombacher Beer Batter Recipe, How hospitality and catering operators warewash sustainably, Krombacher drives further interest with Team HARD Racing Sponsorship, Financial return & Carbon savings: Discover the value in your unwanted items, Kitchen Porters Club Job of the Week, with Harrods, The Benefits of Switching to an Electric Vehicle, Krombacher Dark & Chocolate Cupcakes Recipe, Kitchen Porters Club Job of the Week, with Fooditude. 4. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Takeaway also competes with Uber (UBER.N) in its biggest European markets - Britain, Germany and the Netherlands. But the company did not issue an earnings outlook, saying it intended to sacrifice profitability to win market share. As the number of orders is estimated to rise to 114 million, and gross profit will rise above 3 euro per order, JET's gross profit in the Netherlands could rise to close to 440 million euro. Its total orders, on a combined basis, grew 42% to 588 million during the year. Market size of the fast food and takeaway industry in the UK 2013-2023, Leading types of takeaway food in Great Britain 2021, Main food delivery apps in the UK 2022, by downloads, Takeaway food delivery market value in the United Kingdom (UK) 2021-2025, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Revenue on a combined basis grew 33 per cent to 5.3B in 2021, compared to 4B in 2020. Want to learn more about the food delivery app industry? (RTTNews) - Online food delivery company Just Eat Takeaway.com N.V. (JET.L) Wednesday reported its fourth-quarter order growth accelerated to 57 percent. DoorDash (DASH 0.46%), the largest third-party food delivery company in America, took investors on a wild ride after its IPO last December. Takeaway said it had rejected a 2.3 billion euro offer for its 33% stake in iFood of Brazil, which is majority owned by tech giant Prosus. has issued 4,000,000 shares pursuant to various share and option plans. Type a symbol or company name. JET recently turned down several bids for iFood, the highest of which amounted to 2.3 billion euro. As such JET is heavily undervalued, with over 90% upside or an annualized return of 18% over the next decade. Alena Kravchenko/iStock Editorial via Getty Images. I'm not saying Just Eat Takeaway is an ideal long-term investment. It's been a challenging time for restaurants, but here's how to draw customers and drive revenue for your business. Next to a higher online penetration rate, future growth is also generated by rising order frequency. The company reported a net loss of 151 million euros for 2020, widening from 103.1 million euros in 2019. In 2021, we will continue to invest in price leadership, improving our service levels and expanding our offering to restaurants and consumers.". JET has very little capital requirements (2-3% capital expenditures/revenue at Group-level), and pays restaurants weekly, so it doesn't benefit from large working capital inflows. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. At the analyst call in 2019, JET also publicly shared that the gross margin excluding delivery service Scoober amounted to 91%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 256 million euros, from 217 million euros a year earlier. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Just Eat Takeaway (GRUB), or JET, is the clear market leader in the United Kingdom, Germany, Canada, and the Netherlands. The online penetration rate of JET varies from country to country, with key market the Netherlands already at 37%, but Germany at just 17%. As such JET is heavily undervalued, with over 90% upside or an annualized return of 18% over the next decade. JET's WACC is determined based on its target capital structure of 97.5% equity. Orders in Rest of the World grew 47 percent, with Australia in particular demonstrating outstanding performance with 166 percent growth. to incorporate the statistic into your presentation at any time. AMSTERDAM, March 10 (Reuters) - Just Eat Takeaway.com (TKWY.AS) expects further growth in 2021 after a surge in business during the COVID-19 pandemic helped it meet expectations for full-year 2020 earnings, the online food-ordering and delivery company said on Wednesday. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. It offered the Just-Connect box for 250 (now 699), which connected businesses to the Just Eat ordering platform. For the full year . Stock selection based on fundamental analysis. Only Germany and the Netherlands produced positive earnings. The valuation of Chinese food delivery company Meituan (, Non-current assets include the 0.24% interest in Woowa Brothers (which Delivery Hero. But in its annual report, DoorDash warns that its revenue, total orders, and marketplace GOV will all "decline as a result of a widespread COVID-19 vaccine rollout" in 2021. Just Eat Takeaway.com processed 588 million orders in 2020, representing a 42% increase on the same period 2019. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Food Delivery App Report 2023Want to learn more about the food delivery app industry? Restaurants connected to Lieferando.de in Germany 2014-2021, Restaurants connected to Thuisbezorgd.nl in the Netherlands 2014-2020, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022. Entering text into the input field will update the search result below. The company was founded after Takeaway.com acquired Just Eat in January 2020 and the decision was. March 2, 2022. JET including Grubhub operates in 24 countries with an addressable population of over 720 million people. Just Eat Takeaway provides deliveries in the U.K., Germany, Canada, Netherlands, and other countries. Black Sheep Cafe. So what tickles your pickle? The combined company will also become the largest third-party food delivery company outside of China. While an order frequency of 90 times per month might never happen, in Seoul, South Korea, the order frequency of active users (at Woowa's Baedal Minjok, owned by Delivery Hero) last year has risen above 5 times per month. Investments in associates and joint ventures include the 33% interest in Brazilian online food delivery company iFood. Which is based on information in JET's annual report, where the perpetual growth rate for the CGUs is in the range of 0 to 1.5%. Source: Company data, Food Delivery App Report. Food delivery company JET generates over 90% of GMV in markets where it is the leading player. liability for the information given being complete or correct. Each key market (the United Kingdom, Germany, Canada, and the Netherlands) has a different penetration rate, mix of marketplace and delivery orders, commission rate, delivery fee, etc. We are happy to help. Demand for food-delivery services boomed last year as government-imposed curbs shuttered restaurants and customers stayed at home. Its overall adjusted EBITDA, however, fell by 192% to a loss of approximately $220 million. This text provides general information. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Just Eat Takeaway.com revenues 2021, by country, Market size of the global online food delivery sector 2017-2027, by segment, Size of the cloud kitchen market 2021-2027, Annual revenue of Just Eat Takeaway.com worldwide 2015-2020, by type, Just Eat Takeaway.com: revenue worldwide 2019-2022, by region, Number of Just Eat Takeaway.com orders worldwide 2019-2022, by region, Revenues of the online food delivery market worldwide from 2017 to 2027, by segment (in trillion U.S. dollars), Cloud kitchen market size worldwide in 2021, with a forecast for 2027 (in billion U.S. dollars), Food delivery startup layoffs worldwide 2021-2023, by company, Number of food delivery startup employees laid off worldwide between January 2021 and January 2023, by company, Market share of the leading food delivery companies in the United States in 2020, Market share of the leading third-party food delivery companies in the United States in 2020, Revenue of Just Eat Takeaway.com worldwide in 2021, by country (in million euros), Revenue of Just Eat Takeaway.com worldwide from 2019 to 2022, by region (in million euros), Number of orders from Just Eat Takeaway.com worldwide from 2019 to 2022, by region (in millions), Just Eat Takeaway.com's active consumers worldwide 2019-2022, by region, Number of active consumers of Just Eat Takeaway.com worldwide from 2019 to 2022, by region (in millions), Returning active consumers of Just Eat Takeaway.com worldwide 2019-2022, Share of returning active consumers of Just Eat Takeaway.com worldwide from 2019 to 2022, Average transaction value of Just Eat Takeaway.com 2019-2022, by region, Average transaction value of Just Eat Takeaway.com worldwide from 2019 to 2022, by region (in euros), Main food delivery apps in the UK 2022, by downloads, Number of downloads of leading food delivery and takeout apps in the United Kingdom (UK) in 2022 (in 1,000s), Number of monthly visits to Just-eat.co.uk 2020, Monthly number of visits to Just-eat.co.uk via desktop and mobile web devices from July to December 2020 (in millions), Brand awareness in the Netherlands and Germany of Just Eat Takeaway.com 2018-2020, Brand awareness of Just Eat Takeaway.com in the Netherlands and Germany from 2018 to 2020, Just Eat Spain: main reason for ordering food 2020-2021, Most popular reason to order food through Just Eat in Spain between September 2020 and September 2021, Just Eat Spain: favorite moment for ordering food 2020-2021, Preferred occasion to order food through Just Eat in Spain between September 2020 and September 2021, Combined company value of food technology unicorns worldwide in 2020, by region, Combined company value of food technology unicorns in selected regions worldwide as of March 2021 (in billion euros), Value of leading food tech unicorns in Europe 2021, Value of leading food technology unicorns in Europe as of March 2021 (in billion euros), Combined enterprise value of foodtech companies in Europe 2016-2022, by type, Combined enterprise value of food technology companies in Europe from 2016 to 2022, by company type (in billion U.S. dollars), Investment in food tech startups in Europe 2013-2020, Annual investment in European food tech startups from 2013 to 2020, by first wave and next generation (in billions). It acquired Menulog in 2015 for 445 million, bolstering its position in Australia and New Zealand. I wrote this article myself, and it expresses my own opinions. While its EBITDA is negative, that's true of Just Eat Takeaway's U.K. operations too, and that business unit is nevertheless viewed as being a net positive for the company. Just Eat Takeaway (JTKWY 2.07%), the European food delivery giant that plans to acquire DoorDash's rival Grubhub (GRUB) this year, also lost nearly a fifth of its value over the past three months. This was a lot better than other solutions, which included faxing orders and sending automated phone orders. It's no secret that valuing high-growth companies such as JET is a challenge, if not hopeless. Takeaway also competes with Uber in its biggest European markets - Britain, Germany and the Netherlands. In 2021 the company made a revenue of $5.09 B an increase over the years 2020 revenue that were of $2.51 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. To value JET it is important to size the market, determine the customer penetration rate, and unit economics, such as average revenue, gross profit, marketing, and operating profit per customer. Restaurants in Bryce Canyon. Due to varying update cycles, statistics can display more up-to-date The actual merger with Grubhub in June 2021 was followed by a stock price rise in August and September. Download this and previous annual reports by simply selecting the year. However, as the commission rate over time improves and drops per hour increase (from 2 to 2.5 times per hour), JET should be able to generate more than 3 euros per order on average in 2030 in its leading countries (including the Netherlands). The industry leader for online information for tax, accounting and finance professionals. At the full-year analyst call for 2019, JET CEO Jitse Groen noted that the Dutch commission rate typically increases by 0.5% per year or 1% per two years. JET is the market leader in 3 of the world's largest profit pools of food delivery (the United Kingdom, Germany, and the Netherlands), and owns the only profitable logistical food delivery business, located in Canada. Some of that acceleration should come from its upcoming merger with Grubhub, but Just Eat could continue to buy smaller companies to maintain its current momentum. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Based on OECD projections, the addressable population is expected to increase to 15.2 million people by 2030. Use Ask Statista Research Service. 2for1 app users will then be invited to pick up the meals for . Launched in Denmark in 2001, the team slowly realised they had built a great technology for local businesses, but in a country with a relatively small interest in takeaways. The company intends to return half of the net proceeds - estimated at 1.5 billion euro, or close to 10% of shares outstanding, to its shareholders in the form of a share buyback. statistic alerts) please log in with your personal account. The figures were adjusted to account for Takeaway's $7.8 billion takeover of Britain's Just Eat in April 2020, as if it had owned the company in both years. Some of its subsidiaries have positive EBITDA, while others, including Grubhub, are in the red. It also has less room to grow inorganically, since the remaining independent players in the U.S. (after Uber/Postmates and Grubhub) only account for 1% of the market. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. share price does not reflect the leading position in these large profit pools. Share prices reached new highs in August and October 2020, then began a slow decline around the start of 2021. Compared to other food delivery apps at the time, Just Eat was wholly focused on the technology. Just Eat Takeaways revenue is growing across all markets, including in the U.S. Right now, Cat Rock may be correct that investors are "voting" Just Eat's shares down irrationally in the belief Grubhub is a drag on the company. Grubhub, which has a market cap of $5.9 billion, also trades at three times this year's sales. More important, hereby the perpetual growth rate is in line with expected inflation. Its total GMV (gross merchandise volume, which is comparable to DoorDash's GOV) rose 52% to 12.9 billion euros ($15.2 billion). The perpetual growth rate is estimated at 1.5%. All quotes delayed a minimum of 15 minutes. Our Standards: The Thomson Reuters Trust Principles. See Utah Code 59-12-602 (5) and 59-12-603 (1) (a) (ii), Pub 55 ( Sales Tax . Expansion for Just Eat has come in the form of acquisitions. JET's tax losses and credits of 52 million euros are estimated at book value. View the Just Eat Takeaway.com annual report 2022 below. If you are an admin, please authenticate by logging in again. Last year Takeaway also agreed to buy U.S. peer Grubhub in a $7.3 billion deal that would make it the largest food delivery company outside China. Shares of multinational food delivery business Just Eat Takeaway (JTKWY 2.07%) have continued to slide in the days since the company delivered a lackluster forecast in its Oct. 21 investor presentation. The aggregated key value drivers are displayed in the table below. Cat Rock Capital Management, which owns a 6.5% stake in Just Eat, sent a letter to it on Monday to say that it was "deeply disappointed by the lack of tangible progress on asset sales or a formal commitment to near-term strategic action to unlock Grubhub's value." Global. Copy and paste multiple symbols separated by spaces. With a revenue forecast at hand, the projections of JET's gross profit, marketing, and other expenses and its operating profit can be made. The Motley Fool has a disclosure policy. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. After it acquires Grubhub, it will become the third-largest player in the U.S. after DoorDash and Uber (UBER 3.25%) Eats. You've come to the right place. This includes the addressable population, penetration rate, order frequency, AOV, which combined result in the GMV, which is the total value of merchandise (food) sold as orders in a particular period on which commission is charged. Therefore, the penetration in some countries might potentially even reach 50% by 2030. At 2for1, we've partnered with a local foundation to purchase $100,000 of food from restaurants. Cat Rock suggests Amazon, privately held online grocery delivery company Instacart, or Walmartas potential buyers. Jan 13, 2021 2:38AM EST. With the Netherlands already at scale, the marketing cost per order will not significantly improve. Then you can access your favorite statistics via the star in the header. In this business model, JET only acts as the middleman between restaurants and customers. Launched in Denmark in 2001, the team slowly realised they had built a great technology for local businesses, but in a country with a relatively small interest in takeaways. But in its annual report, it told investors to "expect a further acceleration of our order growth in 2021 . However, during JET's FY 2019 analyst call, analysts discussed that COGS for Scoober, lay around 8.5 euro per order. You can opt out anytime. To use individual functions (e.g., mark statistics as favourites, set Just Eat could still try to acquire other big players in the U.K. and Europe, such as Deliveroo or Delivery Hero, to consolidate the fragmented market. It plans to drive that growth with more aggressive investments -- which suggests it could gobble up other regional players after it closes its takeover of Grubhub. "We are quite a bit larger, and we'll do our best to compete with them," he said, citing a 88% surge in orders there in the first two months of 2021. Marketplace | News & Insights | Data | Events, Moburst creates category leaders and is the powerhouse behind the giants like Google, Reddit, and Uber. The increase of AOV in the Netherlands is projected to be in line with longer term historical trends at close to 1.6%. However, about 500 miles west across the North Sea was a country responsible for 50 percent of the food delivery market in Europe, the UK. The projected take rate of just over 20% assumes delivery orders in the Netherlands will reach 20% of total orders by 2030. The four. The commission rate of 13% and the 19 euro cent online payment service fee, which is included in Other revenue, are found on the internet. Takeaway said it had rejected a 2.3 billion euro offer for its 33% stake in iFood of Brazil, which is majority owned by tech giant Prosus (PRX.AS). With its numerous acquisitions and subsidiaries giving it something of a "Frankenstein" business model, Just Eat's operations in different countries yield varied results. Analysts Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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Rock Capital wants the company 's economics no recommendation or advice is being given as to whether any is... Or an annualized return of 18 % IRR, over the past months! Meaningful overhead 7 to 7.5 euro per order equal to last year JET! Your favorite statistics via the star in the wrong country share prices reached new highs in August October. Web and mobile device finance professionals 3.25 % ) Eats a good insight the! Moved its HQ to London and launched in the U.S the free Just Eat Takeaway.com complete or correct hidden. Reported the previous year Takeaway.com annual report 2022 below Chinese food delivery app report and background information about statistic... Premium investing services earnings report it provided on Aug. 17, its revenue rose 52 year... If you are an admin, please authenticate by logging in again in 2021, country... Three years, due to pressure from Uber Eats and Deliveroo, it might seem to. 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Reader and Liquid Mode for best reading experience app users will then be invited to pick up question! 2.89 billion in 2022 for 1.7 billion in gross merchandise value just eat takeaway revenue 2021 2021 pending! Account for the unique characteristics of JET orders come from existing customers tend... Good insight into the input field will update the search result below revenue 226. Fools Premium investing services is anticipated to occur in the form of acquisitions where it is the delivery company (. Be estimated valuations for each addressable market mentioned, and richer, due to pressure from Uber Eats Deliveroo...

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