DHER Stock Analysis: Delivery Hero SE | XETRA
Internet Retail | XETRA, Germany | Market Cap: 11.138m EUR | 12M Return: 64.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.1M
Qual. Beats: 0
Rev. Trend: 97.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Delivery Hero SE is a Germany-based online food ordering, quick commerce, and delivery platform that also sells advertising services to merchants. The company operates an aggregator-style marketplace model, connecting restaurants and retail partners with end consumers via its apps and websites, while generating revenue from commissions, delivery fees, and merchant advertising. Its quick commerce (q-commerce) business focuses on ultrafast delivery of convenience and grocery items, typically fulfilled from localized dark stores. Headquartered in Berlin and founded in 2011, Delivery Hero serves customers in roughly 70 countries across Asia, the Middle East, Africa, Europe, and Latin America, placing it within the GICS Consumer Discretionary sector under Internet & Direct Marketing Retail.
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| Net Income: -1.15b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.27 > 1.0 |
| NWC/Revenue: -0.56% < 20% (prev 8.60%; Δ -9.16% < -1%) |
| CFO/TA 0.07 > 3% & CFO 728.2m > Net Income -1.15b |
| Net Debt (2.95b) to EBITDA (801.8m): 3.68 < 3 |
| Current Ratio: 0.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (298.2m) vs 12m ago 2.80% < -2% |
| Gross Margin: 24.10% > 18% (prev 28.36%; Δ -4.27% > 0.5%) |
| Asset Turnover: 209.2% > 50% (prev 137.1%; Δ 72.17% > 0%) |
| Interest Coverage Ratio: 0.61 > 6 (EBIT TTM 235.2m / Interest Expense TTM 386.1m) |
| A: -0.01 (Total Current Assets 3.29b - Total Current Liabilities 3.43b) / Total Assets 10.5b |
| B: -1.05 (Retained Earnings -11.1b / Total Assets 10.5b) |
| C: 0.02 (EBIT TTM 235.2m / Avg Total Assets 11.5b) |
| D: 0.19 (Book Value of Equity 1.64b / Total Liabilities 8.75b) |
| Altman-Z'' = -3.17 = D |
| DSRI: 0.72 (Receivables 650.2m/639.7m, Revenue 24.0b/17.0b) |
| GMI: 1.18 (GM 28.36% / 24.10%) |
| AQI: 1.18 (AQ_t 0.61 / AQ_t-1 0.52) |
| SGI: 1.41 (Revenue 24.0b / 17.0b) |
| TATA: -0.18 (NI -1.15b - CFO 728.2m) / TA 10.5b) |
| Beneish M = -2.71 (Cap -4..+1) = A |
As of July 15, 2026, the stock is trading at EUR 39.10 with a total of 1,266,831 shares traded. Over the past week, the price has changed by +7.39%, over one month by +3.71%, over three months by +125.36% and over the past year by +64.49%.
Current recommended Stop Loss: 37.70 (which is 3.6% or 1.2 ATR below the current price).
Delivery Hero SE has no consensus analysts rating.
P/E Forward = 60.9756
P/S = 0.7922
P/B = 6.8397
Revenue TTM = 24.0b EUR
EBIT TTM = 235.2m EUR
EBITDA TTM = 801.8m EUR
Long Term Debt = 4.03b EUR (from longTermDebt, last quarter)
Short Term Debt = 287.7m EUR (from shortTermDebt, last quarter)
Debt = 5.06b EUR (from shortLongTermDebtTotal, last quarter) + Leases 437.8m
Net Debt = 2.95b EUR (calculated: Debt 5.06b - CCE 2.11b)
Enterprise Value = 14.1b EUR (11.1b + Debt 5.06b - CCE 2.11b)
Interest Coverage Ratio = 0.61 (Ebit TTM 235.2m / Interest Expense TTM 386.1m)
EV/FCF = 31.92x (Enterprise Value 14.1b / FCF TTM 441.4m)
FCF Yield = 3.13% (FCF TTM 441.4m / Enterprise Value 14.1b)
FCF Margin = 1.84% (FCF TTM 441.4m / Revenue TTM 24.0b)
Net Margin = -4.77% (Net Income TTM -1.15b / Revenue TTM 24.0b)
Gross Margin = 24.10% ((Revenue TTM 24.0b - Cost of Revenue TTM 18.2b) / Revenue TTM)
Gross Margin QoQ = 20.86% (prev 25.20%)
Tobins Q-Ratio = 1.34 (Enterprise Value 14.1b / Total Assets 10.5b)
Interest Expense / Debt = 7.63% (Interest Expense 386.1m / Debt 5.06b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 176.4m (EBIT 235.2m * (1 - 25.00%))
Current Ratio = 0.96 (Total Current Assets 3.29b / Total Current Liabilities 3.43b)
Debt / Equity = 3.09 (Debt 5.06b / totalStockholderEquity, last quarter 1.64b)
Debt / EBITDA = 3.68 (Net Debt 2.95b / EBITDA 801.8m)
Debt / FCF = 6.68 (Net Debt 2.95b / FCF TTM 441.4m)
Total Stockholder Equity = 2.16b (last 4 quarters mean from totalStockholderEquity)
RoA = -9.97% (Net Income -1.15b / Total Assets 10.5b)
RoE = -53.13% (Net Income TTM -1.15b / Total Stockholder Equity 2.16b)
RoCE = 3.81% (EBIT 235.2m / Capital Employed (Equity 2.16b + L.T.Debt 4.03b))
RoIC = 2.84% (NOPAT 176.4m / Invested Capital 6.20b)
WACC = 9.05% (E(11.1b)/V(16.2b) * Re(10.56%) + D(5.06b)/V(16.2b) * Rd(7.63%) * (1-Tc(0.25)))
Discount Rate = 10.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.99 | Cagr: 4.00%
[DCF] Terminal Value 75.74% ; FCFF base≈409.8m ; Y1≈469.8m ; Y5≈691.4m
[DCF] Fair Price = 20.80 (EV 9.27b - Net Debt 2.95b = Equity 6.32b / Shares 303.7m; r=9.05% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 97.19 | Revenue CAGR: 21.81% | SUE: -0.07 | # QB: 0
EPS current Quarter (2026-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2025-12-31): EPS=0.51 | Chg30d=+4.85% | Revisions=-12% | GrowthEPS=+127.5% | GrowthRev=+15.6%
EPS next Year (2026-12-31): EPS=0.02 | Chg30d=+109.97% | Revisions=+29% | GrowthEPS=+101.6% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: +8% (up=5, down=4)