Alibaba Group Holding Ltd ADR (BABA) is overvalued and DoorDash Inc (DASH) is overvalued.
Both trade above our estimate of their intrinsic value. BABA is the closer of the two: -144%, against -207% for DASH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $47.61; the price of $116.31 is 144% above that value, and 81% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 12.8% (average of 3 methods) values the shares at $62.57; the price of $192.21 is 207% above that value, and 66% of that value comes from beyond year five.
Leak Score 53/100 on 7 of 12 signals
| Metric | BABA | DASH |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $116.31 | $192.21 |
| Intrinsic value | $47.61 | $62.57 |
| Margin of safety | -144% | -207% |
| Leak Score | 27/100 (3/12) | 53/100 (7/12) |
| Market cap | $289.1B | $83.3B |
| Revenue growth, 5 years | 6.4% | 36.6% |
| Operating margin | 4.1% | 5.5% |
| Net margin | 7.0% | 5.3% |
| Return on equity | 7.1% | 8.9% |
| Debt to equity | 0.25 | 0.33 |
| P/E | 27.4x | 100.9x |
| Forward P/E | 12.7x | 40.9x |
| P/B | 1.8x | 8.4x |
| Dividend yield | 0.9% | — |