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Delivery Hero (DE:DHER)
:DHER
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Delivery Hero SE
(XETRA:DHER)
Rating:57Neutral
Price Target:
€25.00
▲(4.78%Upside)
Positive Factors
Debt Management
The company successfully executed a €0.9bn buy-back of convertible bonds, contributing to good progress on debt reduction.
Financial Performance
The company's segment revenue grew by approximately 22%, fully in line with forecasts and around 2% ahead of consensus.
IPO and Market Value
The IPO of talabat was a major milestone for Delivery Hero, showcasing potential hidden value within the Group.
Negative Factors
Competition
The acquisition of JustEatTakeaway.com by Prosus raises a more serious competitor for DHER in Spain, Italy, and Poland.
Geographical Performance
Korea continues to lag in geographical segment performance, impacting the overall growth.
Market Expansion
Meituan-backed Keeta’s aggressive expansion in Saudi Arabia looks to have been highly effective so far at capturing traffic share.
Delivery Hero SE (DHER) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€6.96B
Dividend YieldN/A
Average Volume (3M)615.06K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth23.67%
EPS Growth63.04%
CountryDE
Employees42,711
SectorConsumer Cyclical
Sector Strength64
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.57
Shares Outstanding293,858,370
10 Day Avg. Volume635,183
30 Day Avg. Volume615,062
Financial Highlights & Ratios
PEG Ratio-1.64
Price to Book (P/B)5.22
Price to Sales (P/S)0.00
P/FCF Ratio90.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€40.17Price Target Upside68.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
Delivery Hero SE Business Overview & Revenue Model
Company DescriptionDelivery Hero SE offers online food ordering and delivery services. It operates approximately in 50 countries in Europe, the Middle East, North Africa, Asia, and the Americas. The company was founded in 2011 and is headquartered in Berlin, Germany.
How the Company Makes MoneyDelivery 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 | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 10.88B | 9.94B | 8.58B | 5.86B | 2.47B | 1.24B | Gross Profit |
| 3.16B | 2.97B | 2.23B | 1.26B | 494.10M | 310.90M | EBIT |
| -1.10B | -1.66B | -846.40M | -1.09B | -645.10M | -472.50M | EBITDA |
| -362.80M | -1.30B | -2.01B | -265.80M | -1.07B | -584.50M | Net Income Common Stockholders |
| -2.19B | -2.30B | -2.98B | -1.10B | -1.40B | -689.90M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 160.15M | 1.66B | 2.42B | 2.45B | 2.92B | 699.40M | Total Assets |
| 0.00 | 10.49B | 12.86B | 12.70B | 5.77B | 2.67B | Total Debt |
| 0.00 | 5.64B | 5.72B | 4.54B | 3.14B | 119.40M | Net Debt |
| 160.15M | 3.98B | 3.30B | 2.09B | 222.30M | -580.00M | Total Liabilities |
| 0.00 | 8.84B | 9.07B | 7.21B | 4.61B | 803.20M | Stockholders Equity |
| 765.49M | 1.65B | 3.74B | 5.47B | 1.16B | 1.87B |
| Cash Flow | Free Cash Flow | ||||
| 112.90M | -280.20M | -941.60M | -1.22B | -738.40M | -459.90M | Operating Cash Flow |
| 260.90M | -19.50M | -688.80M | -901.40M | -530.00M | -364.80M | Investing Cash Flow |
| -20.90M | -169.00M | -67.90M | -1.95B | -905.20M | 627.30M | Financing Cash Flow |
| -364.30M | -466.10M | 717.60M | 2.30B | 3.76B | -100.00K |
Delivery Hero SE Technical Analysis
Negative
23.86
Price Trends
24.53
Negative
25.58
Negative
29.58
Negative
Market Momentum
-0.42
Positive
43.84
Neutral
24.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DHER, the sentiment is Negative. The current price of 23.86 is below the 20-day moving average (MA) of 25.18, below the 50-day MA of 24.53, and below the 200-day MA of 29.58, indicating a bearish trend. The MACD of -0.42 indicates Positive momentum. The RSI at 43.84 is Neutral, neither overbought nor oversold. The STOCH value of 24.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:DHER.
Delivery Hero SE Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $6.84B | 11.41 | 2.80% | 3.87% | 2.70% | -24.58% | |
57 Neutral | €6.96B | ― | -41.57% | ― | 23.67% | 63.04% | |
| €7.84B | 28.99 | 10.57% | ― | ― | ― | ||
60 Neutral | €114.83M | ― | -9.49% | ― | 6.69% | 84.27% | |
57 Neutral | €1.61B | ― | -20.86% | ― | -1.77% | -361.24% | |
47 Neutral | €53.95M | ― | -74.67% | ― | -3.03% | -76.50% | |
| $6.28B | 106.80 | 8.72% | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
DE:DHER
Delivery Hero SE
23.86
-4.17
-14.88%
GB:0QXN
Zalando
30.16
7.06
30.56%
DE:HFG
HelloFresh SE
9.39
3.70
65.03%
DE:BIKE
Bike24 Holding AG
2.50
1.16
86.57%
DE:MRX
Mister Spex SE
1.54
-1.58
-50.64%
ATOGF
AUTO1 Group SE
28.28
20.68
272.11%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.