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DHER

Delivery Hero XTRA:DHER Stock Report

Last Price

€39.59

Market Cap

€9.6b

7D

12.7%

1Y

-63.5%

Updated

24 Jun, 2022

Data

Company Financials +
DHER fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

DHER Stock Overview

Delivery Hero SE offers online food ordering and delivery services.

Delivery Hero Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Delivery Hero
Historical stock prices
Current Share Price€39.59
52 Week High€134.95
52 Week Low€23.88
Beta0.70
1 Month Change30.40%
3 Month Change6.31%
1 Year Change-63.50%
3 Year Change-0.75%
5 Year Change42.41%
Change since IPO42.41%

Recent News & Updates

May 02
Delivery Hero (ETR:DHER) Is Making Moderate Use Of Debt

Delivery Hero (ETR:DHER) Is Making Moderate Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 23
Here's Why Delivery Hero (ETR:DHER) Can Afford Some Debt

Here's Why Delivery Hero (ETR:DHER) Can Afford Some Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

DHERDE Online RetailDE Market
7D12.7%4.5%-0.1%
1Y-63.5%-67.5%-22.0%

Return vs Industry: DHER exceeded the German Online Retail industry which returned -67.8% over the past year.

Return vs Market: DHER underperformed the German Market which returned -23% over the past year.

Price Volatility

Is DHER's price volatile compared to industry and market?
DHER volatility
DHER Average Weekly Movement14.2%
Online Retail Industry Average Movement9.7%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: DHER is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: DHER's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
201152,007L. Oestberghttps://www.deliveryhero.com

Delivery 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.

Delivery Hero Fundamentals Summary

How do Delivery Hero's earnings and revenue compare to its market cap?
DHER fundamental statistics
Market Cap€9.63b
Earnings (TTM)-€1.10b
Revenue (TTM)€5.86b

1.6x

P/S Ratio

-8.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHER income statement (TTM)
Revenue€5.86b
Cost of Revenue€4.60b
Gross Profit€1.26b
Other Expenses€2.36b
Earnings-€1.10b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)-4.52
Gross Margin21.48%
Net Profit Margin-18.79%
Debt/Equity Ratio75.8%

How did DHER perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DHER undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DHER?

Other financial metrics that can be useful for relative valuation.

DHER key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA-9.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does DHER's PS Ratio compare to its peers?

DHER PS Ratio vs Peers
The above table shows the PS ratio for DHER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x

Price-To-Sales vs Peers: DHER is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does DHER's PE Ratio compare vs other companies in the Online Retail Industry?

Price-To-Sales vs Industry: DHER is expensive based on its Price-To-Sales Ratio (1.6x) compared to the German Online Retail industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

What is DHER's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DHER PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: DHER is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Share Price vs Fair Value

What is the Fair Price of DHER when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DHER (€39.59) is trading below our estimate of fair value (€377.24)

Significantly Below Fair Value: DHER is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DHER's PEG Ratio to determine if it is good value.


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Future Growth

How is Delivery Hero forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DHER is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DHER is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DHER is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DHER's revenue (23.1% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: DHER's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DHER is forecast to be unprofitable in 3 years.


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Past Performance

How has Delivery Hero performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-44.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DHER is currently unprofitable.

Growing Profit Margin: DHER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DHER is unprofitable, and losses have increased over the past 5 years at a rate of 44.1% per year.

Accelerating Growth: Unable to compare DHER's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DHER is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (0.2%).


Return on Equity

High ROE: DHER has a negative Return on Equity (-19.97%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Delivery Hero's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: DHER's short term assets (€3.6B) exceed its short term liabilities (€1.8B).

Long Term Liabilities: DHER's short term assets (€3.6B) do not cover its long term liabilities (€5.5B).


Debt to Equity History and Analysis

Debt Level: DHER's net debt to equity ratio (31.2%) is considered satisfactory.

Reducing Debt: DHER's debt to equity ratio has increased from 13.1% to 75.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DHER has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DHER has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Delivery Hero current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DHER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DHER's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DHER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DHER's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DHER has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

L. Oestberg (41 yo)

10.58yrs

Tenure

€4,375,000

Compensation

Mr. L. 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 2010 and has been its Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: L.'s total compensation ($USD4.61M) is about average for companies of similar size in the German market ($USD5.61M).

Compensation vs Earnings: L.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DHER's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: DHER's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Delivery Hero SE's employee growth, exchange listings and data sources


Key Information

  • Name: Delivery Hero SE
  • Ticker: DHER
  • Exchange: XTRA
  • Founded: 2011
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: €9.633b
  • Shares outstanding: 243.33m
  • Website: https://www.deliveryhero.com

Number of Employees


Location

  • Delivery Hero SE
  • Oranienburger Strasse 70
  • Berlin
  • Berlin
  • 10117
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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 here.