Delivery Hero Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DELH.Y ($3.79) is trading above our estimate of fair value ($2.11)

Significantly Below Fair Value: DELH.Y is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DELH.Y?

Key metric: As DELH.Y is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DELH.Y. This is calculated by dividing DELH.Y's market cap by their current revenue.
What is DELH.Y's PS Ratio?
PS Ratio	0.9x
Sales	€10.88b
Market Cap	€10.33b

DELH.Y 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/Revenue	1.3x
Enterprise Value/EBITDA	-38.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does DELH.Y's PS Ratio compare to its peers?

The above table shows the PS ratio for DELH.Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	9.6x
WING Wingstop	16.1x	16.6%	US$9.3b
BROS Dutch Bros	4.6x	17.1%	US$8.3b
ARMK Aramark	0.6x	5.9%	US$9.8b
CAVA CAVA Group	17.2x	17.9%	US$16.2b
DELH.Y Delivery Hero	0.9x	10.9%	US$10.3b

Price-To-Sales vs Peers: DELH.Y is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (9.6x).

Price to Sales Ratio vs Industry

How does DELH.Y's PS Ratio compare vs other companies in the US Hospitality Industry?

28 Companies	Price / Sales	Estimated Growth	Market Cap
BLMN Bloomin' Brands	0.2x	-2.7%	US$1.12b
BALY Bally's	0.3x	2.4%	US$723.06m
TAST Carrols Restaurant Group	0.3x	2.9%	US$478.64m
GENK GEN Restaurant Group	0.2x	18.1%	US$271.49m

28 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: DELH.Y is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Hospitality industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is DELH.Y'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.

DELH.Y PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	2x

Price-To-Sales vs Fair Ratio: DELH.Y is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.