Delivery Hero SE (XSWX:DHER) ROE %: -40.20% (As of Dec. 2025)


XSWX:DHER Delivery Hero SE XSWX:DHER
66 GF Score
Price CHF33.12
GF Value CHF185.70
Valuation Possible Value Trap
! 8 Warning Signs
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What is Delivery Hero SE ROE %?

Delivery Hero SE XSWX:DHER -2.01% 66 ROE % is -40.20% as of Dec. 2025. GuruFocus rates XSWX:DHER with a GF Score™ of 66/100 and a GF Value™ of CHF185.70 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Delivery Hero SE ranks worse than 93.16% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Delivery Hero SE's annualized net income for the quarter that ended in Dec. 2025 was CHF-722 Mil. Delivery Hero SE's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was CHF1,795 Mil. Therefore, Delivery Hero SE's annualized ROE % for the quarter that ended in Dec. 2025 was -40.20%.

The historical rank and industry rank for Delivery Hero SE's ROE % or its related term are showing as below:

XSWX:DHER' s ROE % Range Over the Past 10 Years
Min: -93.05   Med: -35.58   Max: 13.26
Current: -36.54

During the past 13 years, Delivery Hero SE's highest ROE % was 13.26%. The lowest was -93.05%. And the median was -35.58%.

XSWX:DHER's ROE % is ranked worse than
93.16% of 1097 companies
in the Retail - Cyclical industry
Industry Median: 6.46 vs XSWX:DHER: -36.54

Delivery Hero SE  (XSWX:DHER) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-721.502/1794.571
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-721.502 / 13399.864)*(13399.864 / 9905.1675)*(9905.1675 / 1794.571)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5.38 %*1.3528*5.5195
=ROA %*Equity Multiplier
=-7.28 %*5.5195
=-40.20 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-721.502/1794.571
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-721.502 / -366.724) * (-366.724 / 781.036) * (781.036 / 13399.864) * (13399.864 / 9905.1675) * (9905.1675 / 1794.571)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.9674 * -0.4695 * 5.83 % * 1.3528 * 5.5195
=-40.20 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Delivery Hero SE ROE % Related Terms


Delivery Hero SE ROE % Historical Data

* Premium members only.

The historical data trend for Delivery Hero SE's ROE % 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 ROE % Chart

Delivery Hero SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.92 -63.71 -82.85 -41.40 -36.99

Delivery Hero SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % 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 Premium Member Only -127.40 -100.04 -16.92 -33.19 -40.20

XSWX:DHER vs AMZN, BABA, PDD: ROE % Comparison

For the Internet Retail subindustry, Delivery Hero SE's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Delivery Hero SE's ROE % distribution charts can be found below:

* The bar in red indicates where Delivery Hero SE's ROE % falls into.


XSWX:DHER
66GF Score
Delivery Hero SE XSWX:DHER
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delivery Hero SE ROE % Calculation

Delivery Hero SE's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-730.554/( (2420.204+1529.973)/ 2 )
=-730.554/1975.0885
=-36.99 %

Delivery Hero SE's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-721.502/( (2059.169+1529.973)/ 2 )
=-721.502/1794.571
=-40.20 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -40.20% mean?
Delivery Hero SE (XSWX:DHER) has a ROE % of -40.20% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Delivery Hero SE and its competitors. According to the industry distribution chart, Delivery Hero SE ranks #1022 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 93.2%.
Is Delivery Hero SE's ROE % too high?
Delivery Hero SE's current ROE % is -40.20%. Based on the distribution chart, Delivery Hero SE ranks #1022 out of 1097 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Delivery Hero SE has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Delivery Hero SE's ROE % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Delivery Hero SE ranks #1022 out of 1097 companies for ROE %. This places Delivery Hero SE in the lower half of its industry. The industry median ROE % is 6.46. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.46, based on 1,097 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Delivery Hero SE and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delivery Hero SE's current ROE % is -40.20%. 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?
Based on GuruFocus' analysis, Delivery Hero SE (XSWX:DHER) is currently considered Possible Value Trap. The stock's GF Value™ is CHF185.70, compared to a current price of CHF33.12 — trading 82.2% below its estimated fair value. The current ROE % is -40.20%. Delivery Hero SE's overall GF Score™ is 66/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Delivery Hero SE (XSWX:DHER), the current ROE % is -40.20% as of Dec. 2025. 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 undervalued. The current stock price of CHF33.12 is trading 82.2% below its estimated GF Value™ of CHF185.70. GuruFocus considers Delivery Hero SE to be Possible Value Trap.

Key valuation signals for XSWX:DHER:

  • ROE %: -40.20%
  • GF Value™: CHF185.70 vs. price of CHF33.12 (82.2% below fair value)
  • GF Score™: 66/100 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.
66GF Score

Get the complete analysis for XSWX:DHER

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF33.12
Price
CHF185.70
GF Value