DLVHF - Delivery Hero SE
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 77.65 |
| Open | 77.65 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 77.65 - 77.65 |
| 52 Week Range | 39.35 - 83.29 |
| Volume | 1 |
| Avg. Volume | 767 |
| Market Cap | 14.106B |
| Beta (5Y Monthly) | 0.70 |
| PE Ratio (TTM) | 500.94 |
| EPS (TTM) | 0.16 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Fair Value
Related Research
- MarketWatch
Buy these two online food delivery stocks as demand surges in lockdown, analyst says
Online food delivery demand has soared as more countries impose coronavirus lockdowns but, while there are problems ahead, the pandemic will bring longer-term benefits for the sector, UBS said on Friday.
- Reuters
Delivery Hero takes steps to support struggling restaurants
Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home. Delivery Hero said it was speeding up the onboarding process for new partner restaurants, increasing the frequency of payments to its partners to improve their cashflow and offering free delivery for customers close to restaurants. "Many of these restaurants might have liquidity for one, two or three weeks of sales so they could go bankrupt very quickly," Delivery Hero Niklas Ostberg told Reuters.
- Bloomberg
Even Food Delivery Is Getting Hit in Virus Siege
(Bloomberg Opinion) -- The various levels of lockdown and quarantine across China haven’t proven a golden opportunity for the biggest food delivery and bookings company, a warning for on-demand service providers elsewhere as more of the world stays at home to avoid the coronavirus.Meituan Dianping says it will post a loss for the first quarter ending Tuesday following a decline in revenue. The Beijing-based company’s business consists of three main divisions — food delivery, restaurant and travel bookings, and other services such as car hailing, bike rental and groceries.Bookings, which account for around 23% of revenue, took the biggest hit. That was predictable. Consumers aren’t keen to take a seat at a restaurant or a night at a hotel amid a deadly disease outbreak, and widespread travel curbs meant moving around China wasn’t an option.Food was more of a surprise. Two months ago amid the Lunar New Year break, I theorized that such deliveries — at 56% of Meituan’s revenue — might bounce back quickly as customers opted to stay in rather than eat out. I was wrong.Thousands of vendors on Meituan’s platform were forced to close either voluntarily or by mandate, and thus couldn’t provide meals. Those who did stay open were often met with fear and complications on the demand side.Many customers had concerns not only over the safety of meals coming from restaurants, but the drivers who delivered them. Those still willing to order online were met with layers of challenges as local governments, neighborhoods and buildings exercised strict controls over who could come and go. There was no supply bottleneck for drivers; Meituan noted plenty of capacity on hand.Three weeks ago, Alibaba Group Holding Ltd. said that its own courier and food delivery services, Cainiao and ele.me, were back to full staffing. But the food business was still down because many restaurants remained closed.An upside has been grocery delivery. Meituan’s two services, self-operated and marketplace, have seen strong growth during the crisis, a trend that echoes what Alibaba experienced with its Freshippo service. In many cities, consumers either cannot or prefer not to step out to shop. They’re apparently less afraid of groceries brought to their door than fresh-cooked meals.Even as China returns to a certain level of normalcy, food delivery may struggle for another few months. Most companies are maintaining degrees of isolation, such as working from home or rotating shifts. Taking lunches to places of business is normally an important part of the consumption scenario. As investors start to ponder the outlook for Delivery Hero SE, Just Eat Takeaway, and GrubHub Inc., they’d do well to look at how their China peers have fared during the virus battle. Collectively, these companies get most of their revenue from Western markets that are now imposing lockdowns to battle the pandemic. They’re implementing contact-free and non-cash deliveries to make customers feel safe.That may not be enough. While it’s true that people still have to eat, China’s experience shows that this doesn’t mean consumers will necessarily order delivery or that restaurants can supply them.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- TechCrunch
Delivery Hero urges users to go cashless, no contact for food deliveries
Delivery Hero has switched to cash-less, non-contact for deliveries in areas it defines as "high risk" for the transmission of the SARS-CoV-2 virus to reduce personal contact between couriers and customers during the coronavirus pandemic. The company is also providing riders in "high risk" zones with hand sanitisers, masks and other safety materials -- "where and when it is locally and culturally accepted".
- Bloomberg
Takeaway Starts Arbitration With Delivery Hero Over Share Plan
(Bloomberg) -- Just Eat Takeaway.com NV, the food delivery company formed out of a merger earlier this year, has started arbitration proceedings against shareholder and rival Delivery Hero SE.It said in a statement that Delivery Hero broke a relationship agreement when the company announced plans to purchase shares in Takeaway last month. Takeaway has initiated the arbitration with the International Chamber of Commerce, a business group with members in more than 100 countries, which also handles corporate disputes.In 2018, Takeaway agreed to buy Delivery Hero’s German operations for about 930 million euros ($1.03 billion) in cash and shares, giving the firm an approximately 18% stake in its Dutch rival. As part of the deal, Delivery Hero entered into a so-called standstill agreement, promising not to increase its exposure for four years, with some exceptions to prevent dilution.Delivery Hero said in April, after Takeaway won the bidding war for Just Eat, that it would enter into a forward share purchase to restore its exposure in Just Eat Takeaway.com to about 10.6%, following the dilution that had been caused by the merger.But during Takeaway’s negotiations for Just Eat last year, Delivery Hero caused controversy by selling about 3 million of its Takeaway shares, hurting the stock price and lowering the value of its bid.Takeaway Chief Executive Officer Jitse Groen called Delivery Hero’s plans to increase its stake “puzzling.”A spokesperson for Delivery Hero didn’t have an immediate comment.The ICC Court of Arbitration handles 800 to 1,000 cases annually, making it the largest party for international commercial dispute resolution.\--With assistance from Sarah Syed and Ellen Proper.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
Delivery Hero to buy 8.4 million additional shares of Just Eat Takeaway.com
Food delivery giant Just Eat Takeaway.com was forged by Dutch online service Takeaway's $7.8 billion (£6.01 billion) acquisition of British food deliverer Just Eat. The forward share purchase will restore the German-based company's exposure in Just Eat Takeaway.com to 10.6% after the dilution caused by the merger, Delivery Hero said.
- Simply Wall St.
We're Not Worried About Delivery Hero's (ETR:DHER) Cash Burn
We can readily understand why investors are attracted to unprofitable companies. For example, Delivery Hero (ETR:DHER...
- Bloomberg
SoftBank-Backed Korean Unicorn Coupang Prepares for IPO as Soon as 2021
(Bloomberg) -- South Korean e-commerce giant Coupang Corp. is preparing for an initial public offering as soon as 2021, according to people with knowledge of the matter.The Seoul-based company, founded in 2010 by Chief Executive Officer Bom Kim and said to be valued at $9 billion in late 2018, has begun working on tax structuring among other changes as it eyes a public listing next year, said one of the people, who requested anonymity because the matter is private. A company representative declined to comment.Last month, Coupang -- whose investors include SoftBank Group Corp.’s Vision Fund, BlackRock Inc. and Sequoia Capital -- appointed Alberto Fornaro as chief financial officer to succeed Richard Song. Earlier in 2019, it hired Jay Jorgensen, a former Walmart Inc. executive, as general counsel and chief compliance officer.SoftBank’s shares were up as much as 3.8% in Tokyo in the wake of the news.In November 2018, the Vision Fund invested $2 billion in the company in a deal that valued Coupang at $9 billion, people familiar with the matter said at the time. That funding followed $1 billion from SoftBank itself in 2015, valuing the startup at about $5 billion.Korea’s e-commerce market is the fifth-largest in the world and on track to be the third-largest by 2021, behind only China and the U.S., according to Coupang.Coupang had more than $10 billion in gross merchandise value on its platform as of Dec. 31, according to a person familiar with the company. Sales increased more than 60% year over year in 2019, the person said.Kim, a Harvard University dropout, had mulled an IPO a few years ago, he told CNBC in December, but opted instead to expand the business with a nationwide fast delivery network. In spite of intense competition from EBay Inc.’s Gmarket and family-run conglomerates such as Shinsegae Inc. and Lotte, Coupang has successfully expanded its shopping and delivery services with SoftBank’s investment.Though still unprofitable, Coupang has been pushing a growth narrative when talking to investors and in the summer it launched Coupang Eats as an extension of its delivery services. When South Korea’s biggest food delivery app Woowa Brothers Corp. sold an 87% stake to Delivery Hero SE, it alluded to Coupang Eats as a strong challenger.“Assuming Coupang lists shares in the U.S., it might get a conservative valuation as a loss-making unicorn, owing to WeWork’s IPO failure,” said SK Securities analyst Yoo Seung-woo.(Updates with analyst comment and SoftBank share price)To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.net;Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Andrew Pollack, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
South Korean restaurant owners voice concerns over $4 billion Delivery Hero deal
South Korean restaurant owners expressed concern on Monday over food delivery giant Delivery Hero's proposed $4 billion acquisition of its local rival, saying the move could undermine competition and lead to higher fees. Delivery Hero, the second-largest food delivery app operator in South Korea, said last month that it agreed to buy larger rival Woowa Brothers backed by Goldman Sachs in a deal subject to antitrust approval. The combination of the two giants would create an entity with a combined market share of nearly 99% in food delivery apps, according to data from mobile big data platform IGAWorks.
- Bloomberg
Amazon’s Deliveroo Deal Probed as U.K. Targets Tech Giants
(Bloomberg) -- Amazon.com Inc.’s purchase of a minority stake in U.K. food startup Deliveroo faces a British probe in another sign of mounting antitrust scrutiny of American tech giants.The Competition and Markets Authority said Friday it’s opening an in-depth investigation of Amazon’s investment of about $500 million, saying it risked a “substantial lessening” of competition “in the supply of online food platforms in the U.K. and in the supply of online convenience groceries.”The regulator now has until June 11 to rule on the deal after the companies didn’t offer remedies to allay its earlier concerns over the tie-up.Many were surprised by the CMA’s initial decision to investigate the transaction because the agency doesn’t typically review minority acquisitions. Lawyers said scrutiny of the deal may be down to growing fears about monopolies in Big Tech that have been allowed to go unchecked in the past.Deals like Facebook Inc.’s 2014 acquisition of WhatsApp sailed through with relatively little antitrust oversight at the time, but are now raising questions among regulators who see large tech companies leverage user data from those acquisitions in other areas to boost their market power.“A homegrown U.K. business like Deliveroo should have broad access to investors and supporters,” an Amazon spokesman said in an emailed statement. He added the company believes the investment “will lead to more pro-consumer innovation by helping Deliveroo continue to build its world-class service and remain competitive in the restaurant food delivery space.”The in-depth probe comes as competition heats up in the global food delivery market.The likes of Uber Technologies Inc.’s Uber Eats platform are going up against a proliferation of apps for a share of the fast-growing sector, while other players are consolidating.Dutch groups Prosus NV and Takeaway.com NV have been vying to take over British food delivery firm Just Eat Plc, while Germany’s Delivery Hero SE in December said it would take control of South Korea’s biggest food delivery app, Woowa Brothers Corp.In an emailed statement, Deliveroo said it was “confident that we will persuade the CMA of the facts that this minority investment will add to competition, helping restaurants to grow their businesses, creating more work for riders, and increasing choice for customers.”(Updates with Amazon comment in sixth paragraph)\--With assistance from Aitor Ortiz, Diana Gomes and Jonathan Browning.To contact the reporters on this story: Eddie Spence in London at espence11@bloomberg.net;Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Christopher Elser at celser@bloomberg.net, Peter Chapman, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Just Eat Picks Takeaway Bid as Prosus Looks Set to Lose Out
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Just Eat Plc chose a revised offer by Takeaway.com NV to merge and spurned a final all-cash bid by Prosus NV, which appears all but set to lose the drawn-out fight to claim ownership of the British food-delivery firm.The U.K. company on Friday said its board recommended Takeaway’s final offer because it would deliver greater value to Just Eat shareholders than Prosus’s final revised bid. Just Eat has also rejected Prosus’s previous bids.Takeaway said Thursday it increased its offer to 916 pence per share, with Just Eat holders to own 57.5% of the combined group. Just moments before, Amsterdam-listed Prosus increased its cash offer to 800 pence per share, valuing the company at about 5.5 billion pounds ($7.2 billion). Both companies said these were their final offers and they would not be increased.“Just Eat continues to believe that the combination with Takeaway.com is based on a compelling strategic rationale that allows shareholders to participate in the upside potential of the enlarged group,” Just Eat said in a statement, adding that it recommended shareholders take no action on the Prosus offer.In a statement Friday, Prosus said its cash offer remains open but that it doesn’t plan to buy Just Eat shares in support of the offer.“We have always stated that we would remain disciplined with respect to price on acquiring Just Eat,” Prosus Chief Executive Officer Bob van Dijk said.Takeaway shares have continued to drop in Friday trading, down around 2% to around 78.10 euros in the mid-afternoon. Prosus shares were up 0.8% to 66.29 euros a share.So far, a collection of investors have also been vocal in their support of Takeaway’s bid. Cat Rock Capital Management, which owns shares in both Takeaway and Just Eat, said Takeaway’s offer is a “win-win for both companies,” and urged Just Eat shareholders to “join us in accepting this final Takeaway.com offer at the earliest possible opportunity.”Aberdeen Standard Investments, a Just Eat shareholder, also said it welcomed Takeaway’s improved offer.“The combined business will be a global leader in the strongly growing online food delivery market and we want to retain exposure to its exciting long-term potential, rather than taking a cash offer for Just Eat and walking away,” said Andrew Millington, head of U.K. equities at Aberdeen.Read More: Takeaway.com Tipped as Winner in Just Eat Bid War: Street WrapShareholders have until Jan. 10 to make up their mind. Takeaway said it has received acceptances and commitments of around 41.09% of Just Eat’s shares and reduced its acceptance condition for the deal to a majority of 50% plus one Just Eat share.Next StepsProsus has argued that it has the resources to make the significant investments in Just Eat necessary for it to stay competitive, while Takeaway believes that it actually knows how to run a food delivery startup, rather than just own one.However, the two bids have been further complicated after shares of Takeaway on Thursday dropped as much as 10% after the final bids were announced, cutting the amount those backing the Takeaway deal would receive. Shares in Prosus rose just over 1%.“We have brought forward our best and final offer for Just Eat,” Takeaway CEO Jitse Groen said in a statement. “We believe it provides Just Eat shareholders with tremendous upside.”“Takeaway.com’s improved all-stock merger terms for Just Eat -- to be sweetened with 50% of the cash proceeds from its iFood stake sale -- is more likely to be accepted by the 50% threshold of shareholders by Jan. 10 (vs. 13.5% currently). The implied value of 916 pence a share tops Prosus’ raised cash offer.”Diana Gomes, BI consumer analystBrazil’s iFoodTakeaway also said it would now explore the exit of Just Eat’s 33% stake in Brazil-based iFood, in which Prosus also invested, adding it would return around 50% of the net proceeds to shareholders of the combined group.The companies are vying for Just Eat as competition heats up in the global food delivery market. Giants like Uber Technologies Inc.’s Uber Eats platform are going up against a proliferation of apps for a share of the fast-growing sector. Other players are consolidating, such as Germany’s Delivery Hero SE, which last week said it would take control of South Korea’s biggest food delivery app, Woowa Brothers Corp., at a $4 billion valuation.(Updates with Prosus reaction)\--With assistance from Lisa Pham.To contact the reporters on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.net;David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Abu Dhabi Bets on Food Delivery Boom With Investment in Glovo
(Bloomberg) -- Abu Dhabi’s sovereign wealth fund Mubadala is placing a bet on the growing demand for food delivery platforms with an investment in Spanish startup Glovo.Mubadala was the lead investor in Glovo’s 150 million euro ($167 million) funding round closed Wednesday, according to a statement, bringing its valuation to over $1 billion. Other backers in Barcelona-based Glovo included Drake Enterprises, Lakestar and Idinvest, all of which were already investors.This was the third round in which Glovo raised more than 100 million euros over the past 17 months, as it seeks to bolster its position in the booming food delivery sector by expanding into new markets and increasing its software development teams. Glovo operates in 26 countries.Investors are flocking to delivery companies, as consolidation unfolds across the globe. On Dec. 13, Delivery Hero SE acquired South Korea’s Woowa Brothers Corp for $4 billion, while rival Takeaway.com NV is in a bidding war with Naspers Ltd. spin-off Prosus NV for British delivery app Just Eat Plc.Over the past year, Glovo drew attention from rivals including Uber Technologies Inc. and Deliveroo. The Spanish startup has also been weighing the possibility of holding an initial public offering, people familiar with the matter have said.Like a number of its rivals, Glovo is not solely focused on food delivery, but is also open to other types of products and is rolling out so-called darkstores from which it services groceries and other products to clients. The company has seven in four cities and plans to open 100 by 2021.To contact the reporter on this story: Rodrigo Orihuela in Madrid at rorihuela@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TechCrunch
With $4B food delivery acquisition, Korea poised to enter upper tier of startup hubs
Seoul and South Korea may well be the secret startup hub that (still) no one talks about. While often dwarfed by the scale and scope of the Chinese startup market next door, South Korea has proven over the last few years that it can — and will — enter the top-tier of startup hubs. Case in point: Baedal Minjok (typically shortened to Baemin), one of the country’s leading food delivery apps, announced an acquisition offer by Berlin-based Delivery Hero in a blockbuster $4 billion transaction late this week, representing potentially one of the largest exits yet for the Korean startup world.
