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Just Eat Takeaway.com N.V. (NL:TKWY)
:TKWY
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Just Eat Takeaway.com N.V.
(TKWY)
Select Model
Select Model
Rating:51Neutral
Price Target:
€20.50
▲(1.23% Upside)
The overall stock score is primarily impacted by the company's weak financial performance and unattractive valuation metrics. While technical analysis shows some positive trends, the financial challenges and lack of earnings call insights weigh heavily on the score.
Positive Factors
Business Model Strength
The company's business model leverages a scalable platform that benefits from network effects, driving increased order volumes and enhancing profitability through economies of scale.
Market Position
As a leading player in the global online food delivery market, the company enjoys significant brand recognition and customer reach, which can support long-term growth and competitive positioning.
Revenue Diversification
Diversified revenue streams, including advertising and promotional services, provide resilience against market fluctuations and enhance the company's ability to capture additional value from its platform.
Negative Factors
Declining Revenue
Declining revenue trends indicate challenges in maintaining market share and customer engagement, potentially impacting long-term financial health and growth prospects.
High Leverage
High leverage can limit financial flexibility and increase vulnerability to economic downturns, posing risks to the company's long-term stability and ability to invest in growth opportunities.
Persistent Losses
Ongoing net losses reflect operational inefficiencies and may hinder the company's capacity to reinvest in business development, affecting future growth and profitability.
Just Eat Takeaway.com N.V. (TKWY) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€4.23B
Dividend YieldN/A
Average Volume (3M)574.15K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth-46.80%
EPS Growth58.89%
CountryNL
Employees20,000
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.46
Shares Outstanding208,967,760
10 Day Avg. Volume647,940
30 Day Avg. Volume574,147
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.60
Price to Sales (P/S)0.75
P/FCF Ratio22.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€20.78Price Target Upside2.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Just Eat Takeaway.com N.V. Business Overview & Revenue Model
Company DescriptionJust Eat Takeaway.com N.V. operates an online food delivery marketplace. The company focuses on connecting consumers and restaurants through its platforms. It serves in Canada, the United States, Austria, Belgium, Denmark, Germany, Luxembourg, Norway, Poland, Switzerland, Slovakia, the Netherlands, Australia, Bulgaria, France, Israel, Italy, New Zealand, Portugal, Romania, and Spain, as well as through partnerships in Colombia and Brazil. The company was founded in 2000 and is headquartered in Amsterdam, the Netherlands.
How the Company Makes MoneyJust Eat Takeaway.com primarily generates revenue through commissions charged to restaurants for each order placed through its platform. These commissions typically range from 10% to 30% of the order value, depending on the agreement with the restaurant. Additionally, the company earns revenue from delivery fees charged to customers, which can vary based on distance and time of delivery. The company has also established partnerships with various restaurants and food chains, which can enhance its offerings and drive customer engagement. Another revenue stream includes advertising and promotional services for restaurants on their platform. Furthermore, Just Eat Takeaway.com benefits from economies of scale, as increasing order volumes can reduce operational costs and improve profitability.
Just Eat Takeaway.com N.V. Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook with strategic acquisition by Prosus and met financial guidance. However, challenges such as a decline in GTV and competitive pressures in key markets like the UK were noted. The company's focus on operational efficiency and strategic investments aims to address these challenges and drive future growth.Q4-2024 Updates
Positive Updates
Prosus Acquisition Agreement
Just Eat Takeaway.com announced a recommended public offer by Prosus at €20.30 per share, representing a 63% premium to the closing share price on 21 February 2025. The offer values the company at approximately €4.1 billion.
Financial Performance and Guidance Met
Just Eat Takeaway.com met its 2024 guidance with a constant currency GTV growth excluding North America of 2%, adjusted EBITDA of €460 million, and free cash flow of €104 million.
Strategic Investments and Growth Focus
The company plans to invest an additional €150 million in Europe and the UK and Ireland in 2025 to accelerate growth, funded through cost efficiencies, retail media, and pricing.
Operational Efficiency and Transformation
The rollout of a single global app was completed, improving user experience and innovation. The company also implemented structural cost reductions and improved delivery efficiency.
Negative Updates
Decline in GTV
GTV for the group amounted to €26.3 billion in 2024, down 2% compared with the previous year.
Competitive Pressures in the UK
The UK market remains highly competitive, with significant vouchering affecting market share, prompting the need for increased investments in competitive regions.
Portfolio Optimization Challenges
The company ceased operations in New Zealand and France in 2024, reflecting ongoing portfolio management and market challenges.
Company Guidance
In the Just Eat Takeaway.com fiscal year 2024 results call, the company reported meeting its guidance with a constant currency Gross Transaction Value (GTV) growth of 2% excluding North America, an adjusted EBITDA of €460 million, and a free cash flow of €104 million. Excluding Grubhub, the adjusted EBITDA was €313 million and free cash flow was €101 million. Following the sale of Grubhub, 85% of GTV was derived from Europe, the UK, and Ireland. The company announced additional investments of €150 million in Europe and the UK and Ireland for 2025, targeting GTV growth of 4% to 8%, an adjusted EBITDA of €360 to €380 million, and maintaining a free cash flow of approximately €100 million. Additionally, an agreement with Prosus was reached for a €20.30 per share offer, representing a 63% premium over the closing share price on February 21, 2025, valuing the company at approximately €4.1 billion.Just Eat Takeaway.com N.V. Financial Statement Overview
Summary
Just Eat Takeaway.com N.V. faces significant financial challenges, with declining revenues, persistent losses, and high leverage. Although there are some positives like cash reserves, the overall financial health is concerning.Income Statement
The company has consistently reported negative net income over the past years, leading to negative net profit margins. The gross profit margin has seen some improvement, but EBIT and EBITDA margins remain weak due to significant EBIT losses. Revenue growth showed volatility, with a notable decline in recent years.35
Negative
Balance Sheet
The balance sheet shows a high debt-to-equity ratio, indicating leveraged finances. Stockholders' equity has decreased significantly, reducing the equity ratio. Though the company has maintained a reasonable level of cash and cash equivalents, overall asset base has shrunk over time, impacting financial stability.45
Neutral
Cash Flow
Operating cash flows have been erratic, with occasional positive free cash flow, but overall growth trends are concerning. The operating cash flow to net income ratio is difficult to assess due to persistent net income losses, highlighting cash generation challenges.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.74B | 3.56B | 5.17B | 5.56B | 4.50B | 2.04B |
| Gross Profit | 502.00M | 1.74B | 1.18B | 607.00M | 287.00M | 532.00M |
| EBITDA | 158.00M | 1.43B | -1.44B | -5.12B | -533.00M | 54.00M |
| Net Income | -771.00M | -1.64B | -1.85B | -5.67B | -1.03B | -170.00M |
Balance Sheet | ||||||
| Total Assets | 7.03B | 8.13B | 10.17B | 12.92B | 18.30B | 10.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.29B | 1.15B | 1.73B | 2.02B | 1.32B | 529.00M |
| Total Debt | 1.55B | 1.56B | 2.36B | 2.58B | 2.81B | 644.00M |
| Total Liabilities | 2.82B | 3.69B | 4.13B | 5.22B | 5.46B | 2.04B |
| Stockholders Equity | 4.21B | 4.45B | 6.04B | 7.71B | 12.85B | 8.41B |
Cash Flow | ||||||
| Free Cash Flow | 311.00M | 120.00M | -27.00M | -367.00M | -574.00M | 135.00M |
| Operating Cash Flow | 345.00M | 281.00M | 125.00M | -166.00M | -423.00M | 178.00M |
| Investing Cash Flow | -146.00M | -180.00M | -136.00M | 1.21B | -106.00M | 15.00M |
| Financing Cash Flow | -235.00M | -544.00M | -278.00M | -365.00M | 1.31B | 292.00M |
Just Eat Takeaway.com N.V. Technical Analysis
Positive
20.25
Price Trends
20.17
Positive
19.82
Positive
17.97
Positive
Market Momentum
0.03
Positive
64.18
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:TKWY, the sentiment is Positive. The current price of 20.25 is above the 20-day moving average (MA) of 20.23, above the 50-day MA of 20.17, and above the 200-day MA of 17.97, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 64.18 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:TKWY.
Just Eat Takeaway.com N.V. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Performance Comparison
NL:TKWY
Just Eat Takeaway.com N.V.
20.25
6.35
45.68%
GB:0RI8
Koninklijke Ahold Delhaize N.V.
34.01
4.17
13.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.