Delivery Hero Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Lars Oestberg
Chief executive officer
€5.4m
Total compensation
| CEO salary percentage | 9.66% |
| CEO tenure | 15.2yrs |
| CEO ownership | n/a |
| Management average tenure | 4.7yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
Narrative Update • Jun 29
DHER: Takeover Talks And Mixed Ratings Will Shape Future Repricing
The analyst price target for Delivery Hero in this update moves from about €27.53 to about €33.09. Analysts cite a combination of higher published targets from several banks and slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E to justify the change.
Narrative Update • Jun 15
DHER: Potential Uber Takeover And Asset Sales Will Drive Future Repricing
Analysts have slightly adjusted the Delivery Hero price target to €45.00, reflecting updated views on the stock's risk profile, revenue trajectory and profit margin potential after a mix of recent target increases in the €31.50 to €40.00 range and a downgrade to Underperform at €33.00. Analyst Commentary Recent Street research on Delivery Hero points to a split picture, with some bullish analysts lifting price targets into the €31.50 to €40.00 range while one house has moved to an Underperform rating at €33.00.Narrative Update • Jun 01
DHER: Potential Uber Takeover And AI Efficiency Gains Will Drive Future Repricing
The analyst price target for Delivery Hero has been raised from €42.34 to €45.00. This reflects updated assumptions on revenue growth, profit margins, and a lower discount rate, alongside a cluster of recent target increases from several banks, even as a few firms have turned more cautious.Narrative Update • May 13
DHER: Future Profit Execution And Ownership Changes Will Shape Repricing
Delivery Hero's updated analyst price target has shifted to €27.53 from €30.46, as analysts factor in a slightly higher discount rate, more measured revenue growth, improved profit margin assumptions and a lower future P/E multiple, as reflected in recent mixed target changes and rating moves across major banks. Analyst Commentary Recent research on Delivery Hero reflects a mix of optimism and caution, with several firms adjusting price targets and ratings in different directions over the same period.Narrative Update • Apr 29
DHER: AI Productivity Gains And Cost Discipline Will Drive Future Repricing
Narrative update The analyst price target for Delivery Hero has been trimmed by around €0.30 as analysts factor in recent cuts to Street targets and concerns around EBITDA growth, even as their models reflect slightly different assumptions on growth, margins and P/E multiples. Analyst Commentary Recent Street research on Delivery Hero shows a split view, with some large banks trimming targets or ratings while other bullish analysts focus on re-rating potential and execution on profitability.Narrative Update • Apr 14
DHER: Higher EBITDA Visibility And Lower P/E Assumptions Will Drive Future Repricing
Delivery Hero's analyst price target has been trimmed by about €0.76, as analysts factor in a slightly higher discount rate, more cautious revenue growth assumptions, a higher profit margin and a lower future P/E following a series of recent target cuts and mixed rating actions across the Street. Analyst Commentary Recent research shows a split view on Delivery Hero, with several price target cuts alongside rating changes and selective target increases.
Narrative Update • Mar 31
DHER: Fair Value Reset Will Test Execution On Margins And EBITDA Delivery
The analyst fair value estimate for Delivery Hero has been adjusted from €19.00 to €18.00. This change reflects recent Street research that highlights tempered revenue growth and profit margin expectations, along with mixed ratings and revised price targets from banks.Narrative Update • Mar 17
DHER: Higher Discount Rate And EBITDA Focus Will Drive Future Repricing
Narrative Update on Delivery Hero The updated analyst price target for Delivery Hero has been revised lower, with fair value moving from approximately €46.05 to €43.39. This reflects analysts factoring in a higher discount rate, adjusting future P/E expectations to €89.40, and accounting for mixed Street views around EBITDA growth and rating changes clustered around the €19 and €33 to €34 target range.Narrative Update • Mar 02
DHER: Narrow Price Range Will Test Execution Against Margin And P/E Assumptions
Narrative update Analysts have inched their price targets for Delivery Hero higher, with recent moves from €33 to €34. These changes are framed around slightly faster revenue growth expectations, a minor adjustment to discount rates and modestly lower projected profit margins and future P/E levels.Narrative Update • Feb 16
DHER: Higher Growth Assumptions Will Face Test From Margin And P/E Uncertainty
Analysts have reduced their fair value estimate for Delivery Hero from €21.00 to €19.00, citing updated assumptions on required returns, profit margins and future P/E, while also noting mixed recent Street price target moves. Analyst Commentary Street research on Delivery Hero has been mixed, with some large banks adjusting their views as new information and assumptions filter through.Narrative Update • Feb 02
DHER: Leaner Margin Path And Portfolio Review Will Drive Future Repricing
The analyst price target for Delivery Hero has shifted from €43.00 to about €46.05, as analysts factor in updated assumptions on growth, profitability and future P/E. This comes even as recent Street research shows several firms trimming their own price targets while generally maintaining positive or neutral ratings on the stock.Narrative Update • Jan 19
DHER: Future Margin Execution And Portfolio Actions Will Drive Repricing
The analyst price target for Delivery Hero has been adjusted slightly higher to reflect a fair value move from €29.55 to €30.46, while recent Street research shows revised price targets in the €19 to €35 range as analysts reassess growth expectations, profit margin assumptions, and future P/E levels. Analyst Commentary Recent Street research around Delivery Hero points to a mixed but still engaged analyst view, with several firms adjusting their price targets while maintaining coverage and formal ratings on the shares.Narrative Update • Jan 05
DHER: Execution On Leaner Margin Path Will Drive Future Share Repricing
Analysts have lowered their price expectations for Delivery Hero, with several recent target cuts to a range of about €19 to €35 contributing to the updated view on the shares. Analyst Commentary Recent research updates show that while targets have been cut, some large banks and other bullish analysts still see upside potential in Delivery Hero, with price objectives clustering in the high teens to mid €30s.Narrative Update • Dec 14
DHER: Margin Expansion And Profitability Path Will Drive Future Upside Potential
Analysts have lowered our fair value estimate for Delivery Hero from EUR 49.91 to EUR 43.00, reflecting reduced price targets across the Street even as they acknowledge improving revenue growth, margin prospects, and a more conservative future earnings multiple. Analyst Commentary Recent Street commentary highlights a nuanced but generally constructive view on Delivery Hero, with bullish analysts emphasizing improving execution, a clearer path to profitability, and resilient demand trends despite a reset in price targets.Narrative Update • Nov 28
DHER: Operational Execution Will Drive Margin Improvement Despite Recent Price Revisions
Delivery Hero's analyst price target has been revised lower, dropping from €32.37 to €29.55. Analysts cite slowing revenue growth and margin pressures as key drivers of the downward adjustment.Narrative Update • Nov 14
DHER: Future Margins Will Improve Amid Recent Guidance Update And Network Expansion
Delivery Hero's fair value estimate has been modestly revised downward to €32.37 from €32.53, as analysts weigh improved revenue growth and profit margin forecasts against a higher discount rate and recent shifts in price targets. Analyst Commentary Recent street research on Delivery Hero reflects a mixed outlook, as analysts weigh promising growth drivers against execution and valuation concerns.Analysis Article • Nov 08
The Price Is Right For Delivery Hero SE (ETR:DHER) Even After Diving 27%
Delivery Hero SE ( ETR:DHER ) shareholders that were waiting for something to happen have been dealt a blow with a 27...Narrative Update • Oct 31
DHER: Market Expansions And Execution Will Drive Upside As Competition Intensifies
Delivery Hero’s analyst price target has shifted slightly, moving from €32.64 to €32.53. Analysts are weighing recent research that suggests both modest downward adjustments and upward revisions based on updated growth and margin projections.Narrative Update • Oct 16
Urbanization And Digital Payments Will Reshape Global Delivery Services
Delivery Hero’s analyst price target has decreased from €34.07 to €32.64. This change reflects updated analyst views that balance stronger revenue growth with ongoing margin and profitability challenges.Analysis Article • Oct 02
Delivery Hero (ETR:DHER) Takes On Some Risk With Its Use Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Aug 30
Operational Efficiencies And Cost Control Signal Path To Sustainable Profitability
Delivery Hero’s consensus price target has been revised down from €36.44 to €34.10, driven by increased competitive pressures, slower-than-expected margin improvements, and a more challenging macroeconomic outlook. Analyst Commentary Cautious outlook on top-line growth prospects due to intensified competition in key markets.Analysis Article • Aug 19
Investors Still Waiting For A Pull Back In Delivery Hero SE (ETR:DHER)
XTRA:DHER 1 Year Share Price vs Fair Value Explore Delivery Hero's Fair Values from the Community and select yours...
New Narrative • Feb 09
Operational Efficiencies And Cost Control Signal Path To Sustainable Profitability
Market expansion, customer experience, and subscription in Korea could boost revenue and profitability through increased order volumes and customer retention.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | €5m | €525k | -€783m |
| Sep 30 2025 | n/a | n/a | -€672m |
| Jun 30 2025 | n/a | n/a | -€560m |
| Mar 31 2025 | n/a | n/a | -€721m |
| Dec 31 2024 | €5m | €500k | -€882m |
| Sep 30 2024 | n/a | n/a | -€2b |
| Jun 30 2024 | n/a | n/a | -€2b |
| Mar 31 2024 | n/a | n/a | -€2b |
| Dec 31 2023 | €5m | €350k | -€2b |
| Sep 30 2023 | n/a | n/a | -€2b |
| Jun 30 2023 | n/a | n/a | -€2b |
| Mar 31 2023 | n/a | n/a | -€3b |
| Dec 31 2022 | €5m | €350k | -€3b |
| Sep 30 2022 | n/a | n/a | -€2b |
| Jun 30 2022 | n/a | n/a | -€2b |
| Mar 31 2022 | n/a | n/a | -€1b |
| Dec 31 2021 | €4m | €350k | -€1b |
| Sep 30 2021 | n/a | n/a | -€2b |
| Jun 30 2021 | n/a | n/a | -€2b |
| Mar 31 2021 | n/a | n/a | -€2b |
| Dec 31 2020 | €4m | €350k | -€1b |
| Sep 30 2020 | n/a | n/a | -€1b |
| Jun 30 2020 | n/a | n/a | -€940m |
| Mar 31 2020 | n/a | n/a | -€815m |
| Dec 31 2019 | €3m | €325k | -€689m |
Compensation vs Market: Lars's total compensation ($USD6.22M) is about average for companies of similar size in the German market ($USD6.04M).
Compensation vs Earnings: Lars's compensation has increased whilst the company is unprofitable.
CEO
Lars Oestberg (46 yo)
15.2yrs
Tenure
€5,435,000
Compensation
Mr. Lars Niklas Oestberg serves as Member of Global Advisory Board at Delivery Hero SE since 2021. He co-founded Delivery Hero SE (formerly Delivery Hero Holding GmbH) in May 2011 and has been its Chief Ex...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 15.2yrs | €5.44m | no data | |
| CFO & Member of Management Board | 2yrs | €2.00m | no data | |
| COO & Member of Management Board | 10.9yrs | €3.05m | no data | |
| Chief Product Officer & Member of Management Board | less than a year | no data | no data | |
| Chief Technology Officer | 2.1yrs | no data | no data | |
| Head of Investor Relations | 4.9yrs | no data | no data | |
| Vice President of Investor Relations & Corporate Communications | no data | no data | no data | |
| Chief People & Sustainability Officer | 4.7yrs | no data | no data | |
| Chief Executive Officer Talabat | no data | no data | no data |
4.7yrs
Average Tenure
47.5yo
Average Age
Experienced Management: DHER's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 5.5yrs | €5.44m | no data | |
| Chair of the Supervisory Board | 2.1yrs | €440.00k | no data | |
| Member of Diversity & Inclusion Advisory Board | 4.8yrs | no data | no data | |
| Member of Diversity & Inclusion Advisory Board | 4.8yrs | no data | no data | |
| Employee Representative Member of the Supervisory Board | 6.1yrs | €70.00k | no data | |
| Employee Representative Member of the Supervisory Board | 6.1yrs | €70.00k | no data | |
| Member of Diversity & Inclusion Advisory Board | 4.8yrs | no data | no data | |
| Member of Diversity & Inclusion Advisory Board | 4.8yrs | no data | no data | |
| Member of Diversity & Inclusion Advisory Board | 4.8yrs | no data | no data | |
| Independent Deputy Chair of the Supervisory Board | 2.2yrs | €161.70k | no data | |
| Member of Supervisory Board | 1.1yrs | €70.20k | no data | |
| Member of the Supervisory Board | 2.1yrs | €80.70k | no data |
4.8yrs
Average Tenure
46yo
Average Age
Experienced Board: DHER's board of directors are considered experienced (4.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 22:49 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Delivery Hero SE is covered by 35 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rocco Strauss | Arete Research Services LLP |
| null null | Banco Santander |
| Adrian Sanchez | Banco Santander |