(DHER) Delivery Hero SE - Overview

Sector: Consumer Cyclical | Industry: Internet Retail | Exchange: XETRA (Germany) | Market Cap: 4.998m EUR | Total Return: -26.1% in 12m

Food Delivery, Quick Commerce, Advertising
Total Rating 25
Safety 41
Buy Signal -0.87
Internet Retail
Industry Rotation: +0.7
Market Cap: 5.83B
Avg Turnover: 25.6M EUR
ATR: 7.26%
Peers RS (IBD): 6.8
Risk 5d forecast
Volatility62.7%
Rel. Tail Risk-10.3%
Reward TTM
Sharpe Ratio-0.30
Alpha-68.73
Character TTM
Beta1.145
Beta Downside0.767
Drawdowns 3y
Max DD65.25%
CAGR/Max DD-0.34
EPS (Earnings per Share) EPS (Earnings per Share) of DHER over the last years for every Quarter: "2021-03": -4.81, "2021-06": -3.84, "2021-09": 0, "2021-12": -0.73, "2022-03": 0, "2022-06": -5.64, "2022-09": 0, "2022-12": -6.1, "2023-03": 0, "2023-06": 0, "2023-09": 0, "2023-12": 0, "2024-03": 0, "2024-06": -2.58, "2024-09": 0, "2024-12": null, "2025-03": -0.57, "2025-06": -1.34, "2025-09": 0, "2025-12": null,
EPS CAGR: 0.00%
EPS Trend: 8.8%
Last SUE: 0.00
Qual. Beats: 0
Revenue Revenue of DHER over the last years for every Quarter: 2021-03: 1228.65, 2021-06: 2457.3, 2021-09: 1699.15, 2021-12: 3398.3, 2022-03: 1907.7, 2022-06: 3815.4, 2022-09: 2380.95, 2022-12: 4761.9, 2023-03: 2419.5, 2023-06: 4839, 2023-09: 2551.45, 2023-12: 5102.9, 2024-03: 2886.15, 2024-06: 5772.3, 2024-09: 3261.2, 2024-12: 6522.4, 2025-03: 3439.75, 2025-06: 6879.5, 2025-09: null, 2025-12: 7180.1,
Rev. CAGR: 22.08%
Rev. Trend: 61.4%
Last SUE: -0.07
Qual. Beats: 0

Warnings

Interest Coverage Ratio 0.5 is critical

Altman Z'' -3.17 < 1.0 - financial distress zone

Volatile

Tailwinds

No distinct edge detected

Description: DHER Delivery Hero SE

Delivery Hero SE operates an online platform for food ordering and delivery services. The company also engages in quick commerce, a business model focused on rapid delivery of groceries and other convenience items.

In addition to delivery, Delivery Hero SE provides advertising services. The company has a global presence, operating in approximately 70 countries across multiple continents.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero SE is classified within the Internet & Direct Marketing Retail sub-industry.

For more detailed financial analysis, consider exploring ValueRay.

Headlines to Watch Out For
  • Food delivery order volume growth impacts revenue
  • Quick commerce expansion drives market share
  • Regulatory scrutiny threatens commission caps
  • Inflationary pressures increase delivery costs
  • Advertising revenue diversifies income streams
Piotroski VR‑10 (Strict) 5.5
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 (2.51b) to EBITDA (801.8m): 3.13 < 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 0.28%; Δ 2.38k% > 0.5%)
Asset Turnover: 209.2% > 50% (prev 137.1%; Δ 72.17% > 0%)
Interest Coverage Ratio: 0.47 > 6 (EBITDA TTM 801.8m / Interest Expense TTM 505.4m)
Altman Z'' -3.17
A: -0.01 (Total Current Assets 3.29b - Total Current Liabilities 3.43b) / Total Assets 10.54b
B: -1.05 (Retained Earnings -11.06b / Total Assets 10.54b)
C: 0.02 (EBIT TTM 235.2m / Avg Total Assets 11.48b)
D: 0.19 (Book Value of Equity 1.64b / Total Liabilities 8.75b)
Altman-Z'' Score: -3.17 = D
Beneish M -2.75
DSRI: 0.89 (Receivables 650.2m/520.3m, Revenue 24.02b/17.02b)
GMI: 1.18 (GM 24.10% / 28.36%)
AQI: 1.17 (AQ_t 0.61 / AQ_t-1 0.52)
SGI: 1.41 (Revenue 24.02b / 17.02b)
TATA: -0.18 (NI -1.15b - CFO 728.2m) / TA 10.54b)
Beneish M-Score: -2.75 (Cap -4..+1) = A
What is the price of DHER shares? As of April 12, 2026, the stock is trading at EUR 17.02 with a total of 1,072,314 shares traded.
Over the past week, the price has changed by +8.51%, over one month by -7.45%, over three months by -30.62% and over the past year by -26.13%.
Is DHER a buy, sell or hold? Delivery Hero SE has no consensus analysts rating.
What are the forecasts/targets for the DHER price?
Analysts Target Price - -
Delivery Hero SE (DHER) - Fundamental Data Overview as of 10 April 2026
Market Cap USD = 5.83b (5.00b EUR * 1.1659 EUR.USD)
P/E Forward = 60.9756
P/S = 0.3555
P/B = 2.2652
Revenue TTM = 24.02b EUR
EBIT TTM = 235.2m EUR
EBITDA TTM = 801.8m EUR
Long Term Debt = 4.02b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 287.7m EUR (from shortTermDebt, last quarter)
Debt = 4.63b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.51b EUR (from netDebt column, last quarter)
Enterprise Value = 7.51b EUR (5.00b + Debt 4.63b - CCE 2.11b)
Interest Coverage Ratio = 0.47 (Ebit TTM 235.2m / Interest Expense TTM 505.4m)
EV/FCF = 17.02x (Enterprise Value 7.51b / FCF TTM 441.4m)
FCF Yield = 5.88% (FCF TTM 441.4m / Enterprise Value 7.51b)
FCF Margin = 1.84% (FCF TTM 441.4m / Revenue TTM 24.02b)
Net Margin = -4.77% (Net Income TTM -1.15b / Revenue TTM 24.02b)
Gross Margin = 24.10% ((Revenue TTM 24.02b - Cost of Revenue TTM 18.23b) / Revenue TTM)
Gross Margin QoQ = 20.86% (prev 25.20%)
Tobins Q-Ratio = 0.71 (Enterprise Value 7.51b / Total Assets 10.54b)
Interest Expense / Debt = 4.55% (Interest Expense 210.3m / Debt 4.63b)
Taxrate = 25.0% (EU avg 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 = 2.82 (Debt 4.63b / totalStockholderEquity, last quarter 1.64b)
Debt / EBITDA = 3.13 (Net Debt 2.51b / EBITDA 801.8m)
Debt / FCF = 5.69 (Net Debt 2.51b / FCF TTM 441.4m)
Total Stockholder Equity = 2.16b (last 4 quarters mean from totalStockholderEquity)
RoA = -9.97% (Net Income -1.15b / Total Assets 10.54b)
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 4.02b))
RoIC = 2.48% (NOPAT 176.4m / Invested Capital 7.11b)
WACC = 6.84% (E(5.00b)/V(9.62b) * Re(10.01%) + D(4.63b)/V(9.62b) * Rd(4.55%) * (1-Tc(0.25)))
Discount Rate = 10.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.41%
[DCF] Terminal Value 76.36% ; FCFF base≈409.8m ; Y1≈269.1m ; Y5≈123.1m
[DCF] Fair Price = 1.98 (EV 3.11b - Net Debt 2.51b = Equity 594.3m / Shares 300.1m; r=6.84% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 8.75 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 61.42 | Revenue CAGR: 22.08% | SUE: -0.07 | # QB: 0
EPS current Year (2026-12-31): EPS=-0.28 | Chg7d=-0.241 | Chg30d=-0.837 | Revisions Net=-4 | Growth EPS=+79.1% | Growth Revenue=+11.7%
EPS next Year (2027-12-31): EPS=0.73 | Chg7d=-0.149 | Chg30d=-0.536 | Revisions Net=-5 | Growth EPS=+364.2% | Growth Revenue=+9.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 4 Down within 30d for Current Year)