DHER GR

Delivery Hero SE

Consumer


Presented:05/27/2021
Price:€109.55
Cap:$30.37B
Current Price:€37.00
Cap:$11.73B

Presented

Date05/27/2021
Price€109.55
Market Cap$30.37B
Ent Value$28.44B
P/E RatioN/A
Book Value€5.84
Div Yield0%
Shares O/S248.94M
Ave Daily Vol770,014
Short IntN/A

Current

Price€37.00
Market Cap$11.73B
Delivery Hero SE is a holding company, which engages in the operation of online food ordering portals. It develops an online platform, providing users with information on local restaurants and their delivery services. The firm offers consumers access to online menu cards, order placement, and payment processing applications. It operates through the following geographical segments: Asia, Middle East & North Africa (MENA), Europe, Americas, and, Integrated Verticals. The company was founded by Niklas L. Östberg, Markus Fuhrmann, Lukasz Gadowski, and Kolja Hebenstreit in May 2011 and is headquartered in Berlin, Germany.

Publicly traded companies mentioned herein: Delivery Hero SE (DHER GR), DoorDash Inc (DASH), GrubHub Inc (GRUB), Uber Technologies Inc (UBER)

Highlights

The presenter is long shares of Delivery Hero (DHER GR), a $25B global online food-delivery operator based in Berlin. Delivery Hero operates two business segments: online food ordering and delivery services (1st and 3rd party logistics). Delivery Hero’s GMV growth is set to grow 50%+ for the next year and currently trades at 0.6x 2022E GMV, which is a discount to Doordash which trades at 1x GMV. In the presenter’s opinion Delivery Hero is protected because it has a dominant market position with high barriers to entry. He believes the company’s EBITDA is equal to 5% of GMV, and feels the stock should trade closer to 20x EBITDA or 1x GMV, leaving plenty of upside from current levels over the next year. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.