Professional
Added to YB: 2025-03-07
Pitch date: 2025-01-30
DHER.DE [bullish]
Delivery Hero SE
+11.8%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 70 countries in Asia, the Middle East, Africa, Europe, and Latin America.
Market Cap
EUR 7.9B
Pitch Price
EUR 25.42
Price Target
N/A
Dividend
N/A
Sector
Hotels, Restaurants and Leisure
Category
growth
Greenhaven Road Capital Main Fund New Position: Delivery Hero SE
DHER.DE (new position): #1 food delivery app in 50+ countries. Talabat IPO raised $2B, cut debt 50%. 85% of biz valued at €3B, likely undervalued (Taiwan bid €950M for 5% GMV). Korea ~$500M adj EBITDA. FCF+ in 2024. <10x 2025 EBITDA, 50%+ growth. Potential multi-bagger on revenue growth, margin improvement, multiple expansion.
Read full article (4 min)