Demae-Can's Latest Offering Preserves The Potential for TOPIX Inclusion

Demae-Can – Structurally Appalling but a Good Trade

DoorDash IPO: Another Loss-Making Start-Up in a Highly Competitive Industry

Grubhub’s Descent: Is O2O Tech in The US Food Delivery Industry Reaching Its Potential?

Equity Analyst, LightStream Research

Supun Walpola

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<p>The "acquisition" offers both the capital and a fairly big cross-selling opportunity for Demae-can to stay ahead of competition and accelerate growth in an underpenetrated Japanese food delivery market. Demae-can’s valuation doesn’t look particularly cheap to us at the moment (nor particularly expensive), however, we believe further upside is likely as Demae-can looks to tap into LINE’s 83m messaging app users. </p>

The "acquisition" offers both the capital and a fairly big cross-selling opportunity for Demae-can to stay ahead of competition and accelerate growth in an underpenetrated Japanese food delivery market. Demae-can’s valuation doesn’t look particularly cheap to us at the moment (nor particularly expensive), however, we believe further upside is likely as Demae-can looks to tap into LINE’s 83m messaging app users. 

LINE’s “Acquisition” Would Accelerate Demae-Can’s Growth in the Japanese Food Delivery Market

Demae-Can Co., Ltd.

LINE’s “Acquisition” Would Accelerate Demae-Can’s Growth in the Japanese Food Delivery Market