(DHER) Delivery Hero SE - Ratings and Ratios
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE000A2E4K43
Food, Delivery, Quick-Commerce, Advertising
DHER EPS (Earnings per Share)
DHER Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 61.0% |
| Value at Risk 5%th | 88.6% |
| Reward | |
|---|---|
| Sharpe Ratio | -1.13 |
| Alpha Jensen | -76.10 |
| Character | |
|---|---|
| Hurst Exponent | 0.444 |
| Beta | 1.692 |
| Drawdowns 3y | |
|---|---|
| Max DD | 71.13% |
| Mean DD | 46.98% |
Description: DHER Delivery Hero SE November 04, 2025
Delivery Hero SE (XETRA:DHER) is a Berlin-based global platform that connects consumers with restaurants and retailers, offering online food ordering, quick-commerce, and delivery services, as well as advertising solutions for partners. The company operates in roughly 70 markets spanning Asia, the Middle East, Africa, Europe, and Latin America, and has grown from its 2011 founding to become a leading player in the Internet & Direct Marketing Retail sub-industry.
Key recent metrics include a 2023 revenue of €5.3 bn, driven by a 22 % year-over-year increase in order volume, and an adjusted EBITDA margin of 6.5 % after a year of aggressive market expansion. The business is sensitive to macro-economic factors such as disposable income trends, labor cost inflation in the logistics sector, and the competitive dynamics of the fragmented on-demand delivery market, where pricing pressure and customer acquisition costs remain pivotal.
For a deeper, data-rich analysis of Delivery Hero’s valuation and risk profile, you might find the free tools on ValueRay useful for building your own financial model.
DHER Stock Overview
| Market Cap in USD | 6,529m |
| Sub-Industry | Internet & Direct Marketing Retail |
| IPO / Inception | |
| Return 12m vs S&P 500 | -57.9% |
| Analyst Rating | - |
DHER Dividends
Currently no dividends paidDHER Growth Ratios
| CAGR | -24.15% |
| CAGR/Max DD Calmar Ratio | -0.34 |
| CAGR/Mean DD Pain Ratio | -0.51 |
| Current Volume | 1481.1k |
| Average Volume | 802.3k |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (-840.8m TTM) > 0 and > 6% of Revenue (6% = 1.21b TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA 8.97pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 2.17% (prev 1.49%; Δ 0.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.13 (>3.0%) and CFO 1.40b > Net Income -840.8m (YES >=105%, WARN >=100%) |
| Net Debt (1.83b) to EBITDA (558.1m) ratio: 3.27 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.12 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (295.7m) change vs 12m ago 6.24% (target <= -2.0% for YES) |
| Gross Margin 25.54% (prev 29.09%; Δ -3.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 188.2% (prev 156.9%; Δ 31.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.69 (EBITDA TTM 558.1m / Interest Expense TTM 295.1m) >= 6 (WARN >= 3) |
Altman Z'' -2.50
| (A) 0.04 = (Total Current Assets 4.12b - Total Current Liabilities 3.69b) / Total Assets 10.96b |
| (B) -0.97 = Retained Earnings (Balance) -10.60b / Total Assets 10.96b |
| (C) 0.02 = EBIT TTM 204.4m / Avg Total Assets 10.68b |
| (D) 0.25 = Book Value of Equity 2.20b / Total Liabilities 8.63b |
| Total Rating: -2.50 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 49.08
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 15.53% = 5.0 |
| 3. FCF Margin 5.78% = 1.45 |
| 4. Debt/Equity 2.11 = 0.60 |
| 5. Debt/Ebitda 3.27 = -2.10 |
| 6. ROIC - WACC (= -4.73)% = -5.91 |
| 7. RoE -35.12% = -2.50 |
| 8. Rev. Trend 50.20% = 3.76 |
| 9. EPS Trend 5.73% = 0.29 |
What is the price of DHER shares?
As of November 13, 2025, the stock is trading at EUR 18.46 with a total of 1,481,096 shares traded.
Over the past week, the price has changed by -9.33%, over one month by -23.84%, over three months by -22.60% and over the past year by -51.16%.
Over the past week, the price has changed by -9.33%, over one month by -23.84%, over three months by -22.60% and over the past year by -51.16%.
Is Delivery Hero SE a good stock to buy?
No, based on ValueRay´s Fundamental Analyses, Delivery Hero SE (XETRA:DHER) is currently (November 2025)
a stock to sell. It has a ValueRay Fundamental Rating of 49.08 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of DHER is around 12.71 EUR . This means that DHER is currently overvalued and has a potential downside of -31.15%.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of DHER is around 12.71 EUR . This means that DHER is currently overvalued and has a potential downside of -31.15%.
Is DHER a buy, sell or hold?
Delivery Hero SE has no consensus analysts rating.
What are the forecasts/targets for the DHER price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32.5 | 76.2% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 14.2 | -23.2% |
DHER Fundamental Data Overview January 01, 1970
Market Cap USD = 6.53b (5.66b EUR * 1.1543 EUR.USD)
Market Cap EUR = 5.66b (5.66b EUR * 1.0 EUR.EUR)
P/E Forward = 66.6667
P/S = 0.422
P/B = 3.4078
Beta = 1.692
Revenue TTM = 20.10b EUR
EBIT TTM = 204.4m EUR
EBITDA TTM = 558.1m EUR
Long Term Debt = 4.02b EUR (from longTermDebt, last quarter)
Short Term Debt = 307.4m EUR (from shortTermDebt, last quarter)
Debt = 4.64b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.83b EUR (from netDebt column, last quarter)
Enterprise Value = 7.48b EUR (5.66b + Debt 4.64b - CCE 2.81b)
Interest Coverage Ratio = 0.69 (Ebit TTM 204.4m / Interest Expense TTM 295.1m)
FCF Yield = 15.53% (FCF TTM 1.16b / Enterprise Value 7.48b)
FCF Margin = 5.78% (FCF TTM 1.16b / Revenue TTM 20.10b)
Net Margin = -4.18% (Net Income TTM -840.8m / Revenue TTM 20.10b)
Gross Margin = 25.54% ((Revenue TTM 20.10b - Cost of Revenue TTM 14.97b) / Revenue TTM)
Gross Margin QoQ = 25.20% (prev 25.20%)
Tobins Q-Ratio = 0.68 (Enterprise Value 7.48b / Total Assets 10.96b)
Interest Expense / Debt = 3.01% (Interest Expense 139.5m / Debt 4.64b)
Taxrate = -31.46% (negative due to tax credits) (85.3m / -271.1m)
NOPAT = 268.8m (EBIT 204.4m * (1 - -31.46%)) [negative tax rate / tax credits]
Current Ratio = 1.12 (Total Current Assets 4.12b / Total Current Liabilities 3.69b)
Debt / Equity = 2.11 (Debt 4.64b / totalStockholderEquity, last quarter 2.20b)
Debt / EBITDA = 3.27 (Net Debt 1.83b / EBITDA 558.1m)
Debt / FCF = 1.57 (Net Debt 1.83b / FCF TTM 1.16b)
Total Stockholder Equity = 2.39b (last 4 quarters mean from totalStockholderEquity)
RoA = -7.67% (Net Income -840.8m / Total Assets 10.96b)
RoE = -35.12% (Net Income TTM -840.8m / Total Stockholder Equity 2.39b)
RoCE = 3.19% (EBIT 204.4m / Capital Employed (Equity 2.39b + L.T.Debt 4.02b))
RoIC = 3.78% (NOPAT 268.8m / Invested Capital 7.11b)
WACC = 8.51% (E(5.66b)/V(10.29b) * Re(12.25%) + D(4.64b)/V(10.29b) * Rd(3.01%) * (1-Tc(-0.31)))
Discount Rate = 12.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.97%
[DCF Debug] Terminal Value 54.11% ; FCFE base≈765.1m ; Y1≈502.4m ; Y5≈229.7m
Fair Price DCF = 8.97 (DCF Value 2.65b / Shares Outstanding 295.6m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 5.73 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 50.20 | Revenue CAGR: 47.08% | SUE: 1.37 | # QB: 1
Market Cap EUR = 5.66b (5.66b EUR * 1.0 EUR.EUR)
P/E Forward = 66.6667
P/S = 0.422
P/B = 3.4078
Beta = 1.692
Revenue TTM = 20.10b EUR
EBIT TTM = 204.4m EUR
EBITDA TTM = 558.1m EUR
Long Term Debt = 4.02b EUR (from longTermDebt, last quarter)
Short Term Debt = 307.4m EUR (from shortTermDebt, last quarter)
Debt = 4.64b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.83b EUR (from netDebt column, last quarter)
Enterprise Value = 7.48b EUR (5.66b + Debt 4.64b - CCE 2.81b)
Interest Coverage Ratio = 0.69 (Ebit TTM 204.4m / Interest Expense TTM 295.1m)
FCF Yield = 15.53% (FCF TTM 1.16b / Enterprise Value 7.48b)
FCF Margin = 5.78% (FCF TTM 1.16b / Revenue TTM 20.10b)
Net Margin = -4.18% (Net Income TTM -840.8m / Revenue TTM 20.10b)
Gross Margin = 25.54% ((Revenue TTM 20.10b - Cost of Revenue TTM 14.97b) / Revenue TTM)
Gross Margin QoQ = 25.20% (prev 25.20%)
Tobins Q-Ratio = 0.68 (Enterprise Value 7.48b / Total Assets 10.96b)
Interest Expense / Debt = 3.01% (Interest Expense 139.5m / Debt 4.64b)
Taxrate = -31.46% (negative due to tax credits) (85.3m / -271.1m)
NOPAT = 268.8m (EBIT 204.4m * (1 - -31.46%)) [negative tax rate / tax credits]
Current Ratio = 1.12 (Total Current Assets 4.12b / Total Current Liabilities 3.69b)
Debt / Equity = 2.11 (Debt 4.64b / totalStockholderEquity, last quarter 2.20b)
Debt / EBITDA = 3.27 (Net Debt 1.83b / EBITDA 558.1m)
Debt / FCF = 1.57 (Net Debt 1.83b / FCF TTM 1.16b)
Total Stockholder Equity = 2.39b (last 4 quarters mean from totalStockholderEquity)
RoA = -7.67% (Net Income -840.8m / Total Assets 10.96b)
RoE = -35.12% (Net Income TTM -840.8m / Total Stockholder Equity 2.39b)
RoCE = 3.19% (EBIT 204.4m / Capital Employed (Equity 2.39b + L.T.Debt 4.02b))
RoIC = 3.78% (NOPAT 268.8m / Invested Capital 7.11b)
WACC = 8.51% (E(5.66b)/V(10.29b) * Re(12.25%) + D(4.64b)/V(10.29b) * Rd(3.01%) * (1-Tc(-0.31)))
Discount Rate = 12.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.97%
[DCF Debug] Terminal Value 54.11% ; FCFE base≈765.1m ; Y1≈502.4m ; Y5≈229.7m
Fair Price DCF = 8.97 (DCF Value 2.65b / Shares Outstanding 295.6m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 5.73 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 50.20 | Revenue CAGR: 47.08% | SUE: 1.37 | # QB: 1