Takeaway.com Holding N.V.

Takeaway.com NV. Takeaway.com NV, formerly Takeaway Com Holding BV, 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, France, Switzerland, Austria, Luxembourg, Belgium, the Netherlands, Germany, Poland, Bulgaria, Romania and Vietnam, and operates the Websites Lieferando.de, Lieferservice.at, Lieferservice.ch, Pizza.be, Pizza.fr, Pizza.lu, Pizza.pl, Pyszne.pl, BGmenu.com, Oliviera.ro, Takeaway.com, Thuisbezorgd.nl and Vietnammm.com. The platforms feature various kinds of restaurants.
  • TickerA2ASAC
  • ISINNL0012015705
  • ExchangeEuronext Amsterdam
  • SectorGeneral Retailers
  • CountryNetherlands

Analysts

ING
Marc Hesselink, CFA

Takeaway.com/A world to win/BUY (initiation of coverage)

We initiate coverage on Takeaway.com with a BUY rating and a €65 target price. In our view Takeaway.com's online food delivery marketplace is a very attractive business model with strong winner takes most dynamics and sticky customers. Online penetration is still low and hence we see high growth for years to come (30% top-line CAGR 2017-22F). Given the scalability of the platform we see high margins in the future (40% EBITDA margins by 2022F).

ING
Research Department

Benelux Morning Notes

Belgian Institute for Postal Services and Telecommunications

ING
Research Department

Benelux Morning Notes

ALD: Risk to upside for CSR guidance Aperam: Small beat, confident outlook Avantium: Flowing along nicely ArcelorMittal: 8% EBITDA beat and favourable outlook DSM: More nutrition required Fugro: Results better than expected, cash flow in waiting room GBL: Business as usual Nyrstar: Zinc hedges at US$3,000 should give comfort on 2019 earnings Takeaway.com: Continues to deliver Telenet: €600m extraordinary dividend, 2Q beat WDP: Execution good as always, no market rent growth

ING
Marc Hesselink, CFA

Takeaway.com/Two more steps/BUY

We update our model to reflect (1) the solid 1H18 results which showed a continuation of the high growth path as well as the progress towards profitability; and (2) The 10bis acquisition that was announced last weekend, which predominantly provided the company with an inroad to the promising b2b segment. Together these made us increase our target price to €69 (from €65). We reiterate our Buy rating.

ING
Research Department

Benelux Morning Notes

Flow Traders: August ETP market volumes GrandVision: Nice to meet you! Montea: capital increase of €41m and facts on Tiel sale-and leaseback deal. Nyrstar: Consensus to come down by 20-25% following profit alert Takeaway.com: Uber reported to be in early talks to buy Deliveroo WDP: Full steam ahead in Luxembourg

ING
Marc Hesselink, CFA

Takeaway.com/A world to win/BUY (initiation of coverage)

We initiate coverage on Takeaway.com with a BUY rating and a €65 target price. In our view Takeaway.com's online food delivery marketplace is a very attractive business model with strong winner takes most dynamics and sticky customers. Online penetration is still low and hence we see high growth for years to come (30% top-line CAGR 2017-22F). Given the scalability of the platform we see high margins in the future (40% EBITDA margins by 2022F).

ING
Research Department

Benelux Morning Notes

Belgian Institute for Postal Services and Telecommunications

ING
Research Department

Benelux Morning Notes

ALD: Risk to upside for CSR guidance Aperam: Small beat, confident outlook Avantium: Flowing along nicely ArcelorMittal: 8% EBITDA beat and favourable outlook DSM: More nutrition required Fugro: Results better than expected, cash flow in waiting room GBL: Business as usual Nyrstar: Zinc hedges at US$3,000 should give comfort on 2019 earnings Takeaway.com: Continues to deliver Telenet: €600m extraordinary dividend, 2Q beat WDP: Execution good as always, no market rent growth

ING
Marc Hesselink, CFA

Takeaway.com/Two more steps/BUY

We update our model to reflect (1) the solid 1H18 results which showed a continuation of the high growth path as well as the progress towards profitability; and (2) The 10bis acquisition that was announced last weekend, which predominantly provided the company with an inroad to the promising b2b segment. Together these made us increase our target price to €69 (from €65). We reiterate our Buy rating.

ING
Research Department

Benelux Morning Notes

Flow Traders: August ETP market volumes GrandVision: Nice to meet you! Montea: capital increase of €41m and facts on Tiel sale-and leaseback deal. Nyrstar: Consensus to come down by 20-25% following profit alert Takeaway.com: Uber reported to be in early talks to buy Deliveroo WDP: Full steam ahead in Luxembourg

1 director sold

A director at Takeaway.Com Nv sold 40,000 shares at 76.650EUR and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

With a more favourable environment, TAKEAWAY COM improves to Positive

TAKEAWAY COM (NL), a company active in the Food Retailers & Wholesalers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date July 12, 2019, the closing price was EUR 83.50 and its potential was estimated at EUR 96.82.

Expert Corporate Governance Service (ECGS)

Takeaway.com - AGM 14 May 2019

In general, Takeaway.com ("Takeaway") is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 2d, the supervisory board seeks approval to amend the Company's (executive) remuneration policy. Although ECGS acknowledges the significant growth (in terms of number of employees, revenues and market capitalisation) of Takeaway, it does not approve of the proposed steep increases of executive compensation. ECGS furthermore notes that LT incentives consist of performance options, whereas ECGS favours performance shares as a pre...

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