Delivery Hero: On The Path To Profitability

Nov. 26, 2022 12:49 AM ETDelivery Hero SE (DELHY), DLVHF1 Comment
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Summary

  • Delivery Hero lowered its guidance for the year, but remains on track to turn adj. EBITDA positive next year.
  • The transparency and commitment to shareholders by CEO Ostberg was a key positive from the quarterly update, signaling an increased focus on profitability over growth.
  • With ample optionality from the asset portfolio as well, the current valuation discount seems unwarranted.

Young man ordering food online with smartphone at home

FG Trade

Delivery Hero (OTCPK:DLVHF) remains well positioned in its core online food delivery markets - despite a macro-driven slowdown in industry volumes, the company sustained robust GMV growth in its latest quarter and maintained its FCF break-even guidance for H2

Adj EBITDA Outlook

Delivery Hero

Long Term Margin Targets

Delivery Hero

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A passionately curious analyst.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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