Delivery Hero SE (DHER.DE) stock analysis

In our weekly check, Delivery Hero SE is graded D (A to F). Of 23 checks on debt, profit, cash flow and trend: 9 pass, warnings: 3, red flags: 11.

About Delivery Hero SE

Delivery Hero SE is a Consumer Cyclical company (Specialty Retail) based in Germany, listed on XETRA as DHER.DE.

What our checks show for DHER.DE

Red flags

• Net debt is 4.6x a year of EBITDA (debt/equity 4.34). That limits room in a downturn and raises refinancing risk.
• Operating profit does not cover the interest bill (0.2x): interest is paid from cash or new debt.
• Earnings per share fell 38.3% a year over the last 3 years.
• The company is losing money: the net margin is -5.6%.
• Free cash flow is negative (-1.9% of revenue): the business spends more cash than it brings in.
• Delivery Hero SE pays a dividend while losing money: it is funded from reserves or debt.
• The price swings a lot: 53.2% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 89% from a peak. Would you have held through that?
• Beta 1.83: the stock usually moves more than the market, both up and down.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 21.2% a year.
• The stock is still below its previous peak.
• The share count grew by 11.3% in 2 years: each shareholder owns a smaller slice.

Strengths

• The net margin rose by 13.2 points over 5 years, to -5.6%.
• Analysts expect the net margin to improve by 6.7 points from today's -5.6%.
• Revenue grew 17.9% a year over the last 3 years.
• A large company: market value $12.8 billion.

Similar companies

FIVE · GME · DKS · MUSA · CHWY · W

Questions

What grade does Delivery Hero SE (DHER.DE) have?

In our weekly check, Delivery Hero SE is graded D (A to F). Of 23 checks on debt, profit, cash flow and trend: 9 pass, warnings: 3, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of DHER.DE stock?

This week's biggest flags for Delivery Hero SE: High debt, Weak interest cover, Weak EPS growth. In total 14 of 23 checks show a warning or a red flag.

What does Delivery Hero SE do?

Delivery Hero SE is a Consumer Cyclical company (Specialty Retail) based in Germany, listed on XETRA as DHER.DE.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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