Added to YB: 2026-05-29
Pitch date: 2026-05-26
DHER.DE [neutral]
Delivery Hero SE
+2.63%
current return
Author Info
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Company Info
Delivery Hero SE provides online food ordering, quick commerce, and delivery services. The company also offers advertising services.
Market Cap
EUR 11.7B
Pitch Price
EUR 38.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
31.79
P/E
-15.01
EV/Sales
1.02
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Delivery Hero (DHER Germany): Uber’s bid crystallises the valuation debate
DHER.DE (update): Uber bid €33/sh (~14-15x fwd EV/EBITDA) validates international footprint but highlights FCF conversion struggles. Pre-bid traded ~€20/sh at steep peer discount due to capital intensity vs €900M+ adj EBITDA. Deal likely given CEO exit 2027, strong MENA/Asia assets. Now merger-arb setup vs standalone upside play.
Read full article (2 min)