DELIVERY HERO SE (DHER.DE) Stock Fundamental Analysis

FRA:DHER • DE000A2E4K43

20.26 EUR
-0.85 (-4.03%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to DHER. DHER was compared to 62 industry peers in the Hotels, Restaurants & Leisure industry. DHER may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, DHER is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year DHER has reported negative net income.
  • In the past year DHER had a positive cash flow from operations.
  • In the past 5 years DHER always reported negative net income.
  • In the past 5 years DHER reported 4 times negative operating cash flow.
DHER.DE Yearly Net Income VS EBIT VS OCF VS FCFDHER.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -1B -2B

1.2 Ratios

  • With a Return On Assets value of -5.11%, DHER is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
  • DHER has a Return On Equity (-25.53%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of DHER (1.40%) is worse than 69.35% of its industry peers.
Industry RankSector Rank
ROA -5.11%
ROE -25.53%
ROIC 1.4%
ROA(3y)-17.42%
ROA(5y)-17.1%
ROE(3y)-84.33%
ROE(5y)-79.02%
ROIC(3y)N/A
ROIC(5y)N/A
DHER.DE Yearly ROA, ROE, ROICDHER.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

  • DHER has a worse Operating Margin (1.08%) than 69.35% of its industry peers.
  • DHER has a worse Gross Margin (25.54%) than 61.29% of its industry peers.
  • In the last couple of years the Gross Margin of DHER has remained more or less at the same level.
Industry RankSector Rank
OM 1.08%
PM (TTM) N/A
GM 25.54%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.02%
GM growth 5Y1.49%
DHER.DE Yearly Profit, Operating, Gross MarginsDHER.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DHER is destroying value.
  • Compared to 1 year ago, DHER has more shares outstanding
  • DHER has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for DHER has been reduced compared to a year ago.
DHER.DE Yearly Shares OutstandingDHER.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
DHER.DE Yearly Total Debt VS Total AssetsDHER.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.39, we must say that DHER is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.39, DHER is doing worse than 75.81% of the companies in the same industry.
  • DHER has a debt to FCF ratio of 7.27. This is a slightly negative value and a sign of low solvency as DHER would need 7.27 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 7.27, DHER is in line with its industry, outperforming 48.39% of the companies in the same industry.
  • DHER has a Debt/Equity ratio of 1.97. This is a high value indicating a heavy dependency on external financing.
  • DHER has a Debt to Equity ratio of 1.97. This is comparable to the rest of the industry: DHER outperforms 53.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF 7.27
Altman-Z 0.39
ROIC/WACC0.25
WACC5.54%
DHER.DE Yearly LT Debt VS Equity VS FCFDHER.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

2.3 Liquidity

  • A Current Ratio of 1.12 indicates that DHER should not have too much problems paying its short term obligations.
  • DHER has a Current ratio of 1.12. This is in the better half of the industry: DHER outperforms 70.97% of its industry peers.
  • A Quick Ratio of 1.07 indicates that DHER should not have too much problems paying its short term obligations.
  • DHER has a better Quick ratio (1.07) than 74.19% of its industry peers.
Industry RankSector Rank
Current Ratio 1.12
Quick Ratio 1.07
DHER.DE Yearly Current Assets VS Current LiabilitesDHER.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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6

3. Growth

3.1 Past

  • DHER shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 77.18%, which is quite impressive.
  • The Revenue has grown by 23.23% in the past year. This is a very strong growth!
  • Measured over the past years, DHER shows a very strong growth in Revenue. The Revenue has been growing by 58.28% on average per year.
EPS 1Y (TTM)77.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48.06%
Revenue 1Y (TTM)23.23%
Revenue growth 3Y28.05%
Revenue growth 5Y58.28%
Sales Q2Q%19.18%

3.2 Future

  • Based on estimates for the next years, DHER will show a very strong growth in Earnings Per Share. The EPS will grow by 38.80% on average per year.
  • The Revenue is expected to grow by 14.27% on average over the next years. This is quite good.
EPS Next Y36.32%
EPS Next 2Y36.55%
EPS Next 3Y29.68%
EPS Next 5Y38.8%
Revenue Next Year18.78%
Revenue Next 2Y14.59%
Revenue Next 3Y13.32%
Revenue Next 5Y14.27%

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
DHER.DE Yearly Revenue VS EstimatesDHER.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B
DHER.DE Yearly EPS VS EstimatesDHER.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 5 -5

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2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for DHER. In the last year negative earnings were reported.
  • Also next year DHER is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
DHER.DE Price Earnings VS Forward Price EarningsDHER.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40

4.2 Price Multiples

  • DHER's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, DHER is valued cheaply inside the industry as 82.26% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.65
EV/EBITDA 13.19
DHER.DE Per share dataDHER.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30 40

4.3 Compensation for Growth

  • A more expensive valuation may be justified as DHER's earnings are expected to grow with 29.68% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.55%
EPS Next 3Y29.68%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for DHER!.
Industry RankSector Rank
Dividend Yield 0%

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DELIVERY HERO SE

FRA:DHER (2/13/2026, 7:00:00 PM)

20.26

-0.85 (-4.03%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-13
Earnings (Next)02-27
Inst Owners69.03%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.04B
Revenue(TTM)13.40B
Net Income(TTM)-560.50M
Analysts74.62
Price Target30.79 (51.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP-3.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.54%
PT rev (3m)-12.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.55%
EPS NY rev (3m)-17.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.54%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.45
P/FCF 9.65
P/OCF 6.49
P/B 2.75
P/tB N/A
EV/EBITDA 13.19
EPS(TTM)-1.86
EYN/A
EPS(NY)-0.38
Fwd EYN/A
FCF(TTM)2.1
FCFY10.36%
OCF(TTM)3.12
OCFY15.4%
SpS44.94
BVpS7.36
TBVpS-11.8
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -5.11%
ROE -25.53%
ROCE 1.99%
ROIC 1.4%
ROICexc 2.28%
ROICexgc N/A
OM 1.08%
PM (TTM) N/A
GM 25.54%
FCFM 4.67%
ROA(3y)-17.42%
ROA(5y)-17.1%
ROE(3y)-84.33%
ROE(5y)-79.02%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.02%
GM growth 5Y1.49%
F-Score6
Asset Turnover1.22
Health
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF 7.27
Debt/EBITDA 7.1
Cap/Depr 65.58%
Cap/Sales 2.27%
Interest Coverage 0.54
Cash Conversion 152.74%
Profit Quality N/A
Current Ratio 1.12
Quick Ratio 1.07
Altman-Z 0.39
F-Score6
WACC5.54%
ROIC/WACC0.25
Cap/Depr(3y)56.01%
Cap/Depr(5y)76.4%
Cap/Sales(3y)2.61%
Cap/Sales(5y)4.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)77.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48.06%
EPS Next Y36.32%
EPS Next 2Y36.55%
EPS Next 3Y29.68%
EPS Next 5Y38.8%
Revenue 1Y (TTM)23.23%
Revenue growth 3Y28.05%
Revenue growth 5Y58.28%
Sales Q2Q%19.18%
Revenue Next Year18.78%
Revenue Next 2Y14.59%
Revenue Next 3Y13.32%
Revenue Next 5Y14.27%
EBIT growth 1Y119.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year519.31%
EBIT Next 3Y103.82%
EBIT Next 5Y65.44%
FCF growth 1Y190.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y300.5%
OCF growth 3YN/A
OCF growth 5YN/A

DELIVERY HERO SE / DHER.DE FAQ

What is the fundamental rating for DHER stock?

ChartMill assigns a fundamental rating of 3 / 10 to DHER.DE.


What is the valuation status of DELIVERY HERO SE (DHER.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to DELIVERY HERO SE (DHER.DE). This can be considered as Overvalued.


What is the profitability of DHER stock?

DELIVERY HERO SE (DHER.DE) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for DHER stock?

The Earnings per Share (EPS) of DELIVERY HERO SE (DHER.DE) is expected to grow by 36.32% in the next year.