Delivery Hero SE (XSWX:DHER) Intrinsic Value: Projected FCF: CHF-19.52 (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:DHER Delivery Hero SE XSWX:DHER
78 GF Score
Price CHF34.73
GF Value CHF30.04
! 8 Warning Signs
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What is Delivery Hero SE Intrinsic Value: Projected FCF?

Delivery Hero SE XSWX:DHER 78 Intrinsic Value: Projected FCF is CHF-19.52 as of Sep. 21, 2026. GuruFocus rates XSWX:DHER with a GF Score™ of 78/100 and a GF Value™ of CHF30.04. The stock has 8 warning signs investors should review. Among 768 Retail - Cyclical companies, Delivery Hero SE ranks worse than 130208.2% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-21), Delivery Hero SE's Intrinsic Value: Projected FCF is CHF-19.52. The stock price of Delivery Hero SE is CHF34.73. Therefore, Delivery Hero SE's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Delivery Hero SE's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 12 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Delivery Hero SE was 30.09. The lowest was 11.83. And the median was 20.96.

XSWX:DHER's Price-to-Projected-FCF is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.745
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Delivery Hero SE  (XSWX:DHER) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Delivery Hero SE's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=34.73/-22.354284396552
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Delivery Hero SE Intrinsic Value: Projected FCF Related Terms


Delivery Hero SE Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Delivery Hero SE's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Delivery Hero SE Intrinsic Value: Projected FCF Chart

Delivery Hero SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.34 -22.14 -28.85 - -

Delivery Hero SE Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

XSWX:DHER vs AMZN, BABA, PDD: Intrinsic Value: Projected FCF Comparison

For the Internet Retail subindustry, Delivery Hero SE's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Delivery Hero SE Price-to-Projected-FCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Delivery Hero SE's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Delivery Hero SE's Price-to-Projected-FCF falls into.


XSWX:DHER
78GF Score
Delivery Hero SE XSWX:DHER
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delivery Hero SE Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Delivery Hero SE's Free Cash Flow(6 year avg) = CHF-531.30.

Delivery Hero SE's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*-531.29834714286+1525.578957295*0.8)/298.647
=-22.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of CHF-19.52 mean?
Delivery Hero SE (XSWX:DHER) has a Intrinsic Value: Projected FCF of CHF-19.52 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Delivery Hero SE and its competitors. According to the industry distribution chart, Delivery Hero SE ranks #999999 out of 768 companies in the Retail - Cyclical industry.
Is Delivery Hero SE's Intrinsic Value: Projected FCF too high?
Delivery Hero SE's current Intrinsic Value: Projected FCF is CHF-19.52. Based on the distribution chart, Delivery Hero SE ranks #999999 out of 768 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Delivery Hero SE has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Delivery Hero SE's Intrinsic Value: Projected FCF compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Delivery Hero SE ranks #999999 out of 768 companies for Intrinsic Value: Projected FCF. This places Delivery Hero SE in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.75. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Retail - Cyclical company?
The median Intrinsic Value: Projected FCF among Retail - Cyclical companies is 0.75, based on 768 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Delivery Hero SE and its competitors. For the Retail - Cyclical industry, the median Intrinsic Value: Projected FCF is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delivery Hero SE's current Intrinsic Value: Projected FCF is CHF-19.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delivery Hero SE stock overvalued right now?
Delivery Hero SE (XSWX:DHER) has a current Intrinsic Value: Projected FCF of CHF-19.52. The stock's GF Value™ is CHF30.04, compared to a current price of CHF34.73 — trading 15.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF-19.52. Delivery Hero SE's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Delivery Hero SE (XSWX:DHER), the current Intrinsic Value: Projected FCF is CHF-19.52 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Delivery Hero SE (XSWX:DHER) Overvalued in 2026?

Based on GuruFocus' analysis, Delivery Hero SE stock appears to be overvalued. The current stock price of CHF34.73 is trading 15.6% above its estimated GF Value™ of CHF30.04.

Key valuation signals for XSWX:DHER:

  • Intrinsic Value: Projected FCF: CHF-19.52
  • GF Value™: CHF30.04 vs. price of CHF34.73 (15.6% above fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the XSWX:DHER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delivery Hero SE Business Description

Address Oranienburger Strasse 70, Berlin, DEU, 10117
Founded in 2011, Delivery Hero is an online delivery demand aggregator. The company is headquartered in Germany and operates in over 70 countries across Latin America, Asia, Europe, the Middle East, and Africa. Delivery Hero creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. Nearly half of Delivery Hero's revenue is commission fees from merchants. Through its applications, which vary by region, customers can order meals, grocery items, pharmacy products, and retail goods. In addition, Delivery Hero operates Dmarts.
78GF Score

Get the complete analysis for XSWX:DHER

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF34.73
Price
CHF30.04
GF Value