Delivery Hero SE (DHER) AI Stock Analysis

• Market Cap: €7.67B
• Dividend Yield: N/A
• Average Volume (3M): 743.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: 23.67%
• EPS Growth: 63.04%
• Country: DE
• Employees: 42,711
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Specialty Retail
• EPS (TTM): -0.57
• Shares Outstanding: 293,781,650
• 10 Day Avg. Volume: 777,126
• 30 Day Avg. Volume: 743,817
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €41.01
• Price Target Upside: 61.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

Delivery Hero SE's overall stock score reflects strong revenue growth but significant challenges in profitability and high leverage on the balance sheet. While there are signs of improved cash flow management, the technical analysis suggests a potential downtrend, and valuation remains difficult due to ongoing losses and no dividend yield. These factors contribute to a moderately below-average overall score.

Positive Factors

Debt Reduction

The company successfully executed a €0.9bn buy-back of convertible bonds, contributing to good progress on debt reduction.

IPO Milestone

The IPO of talabat was a major milestone for Delivery Hero, showcasing potential hidden value within the Group.

Price Target Upside

The price target for Delivery Hero suggests a 35% upside, attributed to a higher fair value for talabat.

Negative Factors

Geographical Performance

Korea continues to lag in geographical segment performance, impacting the overall growth.

Increased Competition

The acquisition of JustEatTakeaway.com by Prosus raises a more serious competitor for DHER in Spain, Italy, and Poland.

Regulatory and Cost Challenges

Glovo's management decision to reclassify the legal status of its riders in Spain from freelance to full employment will have a negative impact of ~€100m on the group's adjusted EBITDA in FY25E.

Delivery Hero SE Business Overview & Revenue Model

Company Description

Delivery Hero SE is a multinational online food delivery service operating primarily in Europe, Asia, Latin America, and the Middle East. Headquartered in Berlin, Germany, the company connects consumers with a wide variety of local restaurants and food outlets through its online platforms and mobile applications. Delivery Hero offers a seamless interface for users to browse menus, place orders, and have food delivered to their doorstep. The company operates under numerous brand names, customizing its services to cater to regional preferences and demands.

How the Company Makes Money

Delivery Hero SE generates revenue primarily through commissions charged to partner restaurants on each order processed through its platform. Additionally, it earns money by charging delivery fees to consumers, which may vary based on the order size, distance, and delivery speed. The company also offers premium subscription services, providing users with benefits such as free delivery and exclusive discounts. Delivery Hero's strategic partnerships with restaurants and its investment in technology to optimize delivery efficiency are significant factors contributing to its financial performance. Furthermore, the company's expansion into quick-commerce, offering delivery of groceries and household goods, presents additional revenue opportunities.

Delivery Hero SE Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
9.94B	8.58B	5.86B	2.47B	1.24B
	Gross Profit
2.97B	2.23B	1.26B	494.10M	310.90M
	EBIT
-1.66B	-846.40M	-1.09B	-645.10M	-472.50M
	EBITDA
-1.30B	-2.01B	-265.80M	-1.07B	-584.50M
	Net Income Common Stockholders
-2.30B	-2.98B	-1.10B	-1.40B	-689.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.66B	2.42B	2.45B	2.92B	699.40M
	Total Assets
10.49B	12.86B	12.70B	5.77B	2.67B
	Total Debt
5.64B	5.72B	4.54B	3.14B	119.40M
	Net Debt
3.98B	3.30B	2.09B	222.30M	-580.00M
	Total Liabilities
8.84B	9.07B	7.21B	4.61B	803.20M
	Stockholders Equity
1.65B	3.74B	5.47B	1.16B	1.87B
Cash Flow		Free Cash Flow
-280.20M	-941.60M	-1.22B	-738.40M	-459.90M
	Operating Cash Flow
-19.50M	-688.80M	-901.40M	-530.00M	-364.80M
	Investing Cash Flow
-169.00M	-67.90M	-1.95B	-905.20M	627.30M
	Financing Cash Flow
-466.10M	717.60M	2.30B	3.76B	-100.00K

Delivery Hero SE Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 25.35
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DHER, the sentiment is Neutral. The current price of 25.35 is above the 20-day moving average (MA) of 24.56, above the 50-day MA of 24.82, and below the 200-day MA of 29.09, indicating a neutral trend. The MACD of 0.39 indicates Negative momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 48.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:DHER.

Delivery Hero SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMZN	72 Outperform	$1.96T	30.17	25.24%	―	10.08%	71.88%
SLF	71 Outperform	$47.21B	15.76	12.87%	3.92%	-12.72%	-0.16%
ZAL	65 Neutral	€8.08B	32.16	10.57%	―	6.14%	140.08%
Sector *	61 Neutral	$6.59B	11.77	3.06%	3.98%	2.56%	-20.85%
DHER	56 Neutral	€7.67B	―	-41.57%	―	23.67%	63.04%
AOX	56 Neutral	€1.04B	―	-6.69%	―	-1.61%	84.00%