top of page
  • Writer's pictureMJ

TKWY.NV 𝙖 𝙨𝙩𝙖𝙮-𝙖𝙩-𝙝𝙤𝙢𝙚 𝙩𝙝𝙧𝙞𝙫𝙞𝙣𝙜 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙣𝙚𝙖𝙧 𝘼𝙡𝙡-𝙏𝙞𝙢𝙚 𝙇𝙤𝙬

🍕 $TKWY.NV – 𝙖 𝙨𝙩𝙖𝙮-𝙖𝙩-𝙝𝙤𝙢𝙚 𝙩𝙝𝙧𝙞𝙫𝙞𝙣𝙜 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙣𝙚𝙖𝙧 𝘼𝙡𝙡-𝙏𝙞𝙢𝙚 𝙇𝙤𝙬𝙨 🌶


Takeaway is a food delivery business trading in Amsterdam that has not gone up despite Covid and stay-at-home economy (unlike other companies in Nasdaq).


I have recently opened x5 long position as I believe we have witnessed the bottom. Goldman Sachs recently put a PT at 110 (which you can see in the research tab, recently expanded to non-US stocks). My TP is at 143 which would give me and my Copiers +1000%. To be sure, this is not a financial advice and certainly not on a leveraged CFD trade.


Let us look closer into the company and why it is my only leveraged long position currently.


𝘽𝘼𝘾𝙆𝙍𝙂𝙍𝙊𝙐𝙉𝘿

Just Eat Takeaway.com NV, formerly Takeaway.com NV, is a company based in the Netherlands that operates an online food delivery marketplace. The Company focuses on connecting consumers and restaurants, and allows users to order food from nearby restaurants and have the food delivered to their homes.


The Company transmits the order placed by customers and forwards it to restaurants, which prepare and deliver the meal. It is present in Portugal, Switzerland, Austria, Luxembourg, Belgium, the Netherlands, Germany, Poland, Bulgaria, Romania, Israel and Vietnam, and operates the Websites Lieferando.de, Lieferservice.at, Lieferservice.ch, Pizza.be, Pizza.lu, Pizza.pl, Pyszne.pl, BGmenu.com, Oliviera.ro, Takeaway.com, Thuisbezorgd.nl and Vietnammm.com, among others. The platforms feature various kinds of restaurants. (Source: Refinitiv)


𝙁𝙐𝙉𝘿𝘼𝙈𝙀𝙉𝙏𝘼𝙇𝙎

Although I am a long-term value investor, Just Eat Takeaway is one of few growth stocks that I like. In fact, it is my only food-delivery app installed and, although I do not use it often, I believe that the convenience and stickiness we have witnessed during the pandemic will have a positive impact on the bottom line of such businesses (we also hold $APRN ).


🔹️ Market Cap of €10B

🔹️ Revenue of €3.14B, 4.95B in FY1 and 7.93B in FY3

🔹️ Debt to Capital at 14.05%

🔹️ Cash of 1.52B

🔹️ Price to Sales of 2 and going to 1.29 in FY3

🔹️ Price to Book below 1


Although the EBITDA is still negative, the Revenue is growing rapidly and, as often with growth stocks, this will likely lead to positive margins in the future, especially given the growing brand visibility and the M&A activity.


The company is HQed in Amsterdam and employs over 10,000 people.


Its Revenue derives comes from the UK (28.21%), Canada (19.78%), Germany (18.32%), the Netherlands (8.52%) and Other at 25.17%.


The biggest Institutional Investors are: Cat Rock Capital at 6.96%, The Baupost Group at 5.13% and Tiger Global Management at 3.62%. Blackrock has 3.44% and Templeton 3.13%


The main competitor is $DHER.DE which has 5B revenue and trades at c.25B Market Cap.


𝙍𝙀𝘾𝙀𝙉𝙏 𝙉𝙀𝙒𝙎

🔹️ Just Eat strikes grocery deal with Tesco’s One Stop Chain (22.12.2021)

🔹️ Delivery Hero winds down in Germany, ceding ground to rival Just Eat Takeaway (22.12.2021)

🔹️ Just Eat announces partnership with Asda (17.12.2021)

🔹️ Cat Rock Capital said to boost stake in Just Eat Takeaway (16.12.2021)


𝘾𝙊𝙉𝘾𝙇𝙐𝙎𝙄𝙊𝙉

Although the food delivery industry is competitive, with $AMZN interested in the space as well, $UBER Eats being the global leader, TakeAway has a leading position in Europe and Canada. Its recent partnerships with Asda and Tesco solidified its position in the UK as well. Its brand is visible during sporting events and the stickiness of clients is leading to rapidly growing revenue at 142.45% this year.


The current price is very attractive with 97% Upside Potential and Goldman Sachs giving the PT as high as 110. For me, it is a business that I was interested in about 80, so buying it almost at half price is a great deal. We need to watch the margins, to be sure, in order to sustainably grow, but it is a much better value investment than Delivery Hero for example.


Happy trading & don’t hesitate to leave a comment below,

MJ


PS. All my investments and portfolio are public. To join eToro please follow the link: https://bit.ly/3i7Yo3C



Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

28 views0 comments

Recent Posts

See All
bottom of page