Delivery Hero SE (DHER) - Net Assets
Based on the latest financial reports, Delivery Hero SE (DHER) has net assets worth €1.79 Billion EUR (≈ $2.10 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.54 Billion ≈ $12.33 Billion USD) and total liabilities (€8.75 Billion ≈ $10.23 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DHER strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.79 Billion |
| % of Total Assets | 17.02% |
| Annual Growth Rate | 36.1% |
| 5-Year Change | -67.33% |
| 10-Year Change | 101.05% |
| Growth Volatility | 181.7 |
Delivery Hero SE - Net Assets Trend (2012–2025)
This chart illustrates how Delivery Hero SE's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see DHER market cap.
Annual Net Assets for Delivery Hero SE (2012–2025)
The table below shows the annual net assets of Delivery Hero SE from 2012 to 2025. Also explore DHER net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.79 Billion ≈ $2.10 Billion |
-33.87% |
| 2024-12-31 | €2.71 Billion ≈ $3.17 Billion |
+64.45% |
| 2023-12-31 | €1.65 Billion ≈ $1.93 Billion |
-56.50% |
| 2022-12-31 | €3.79 Billion ≈ $4.43 Billion |
-30.94% |
| 2021-12-31 | €5.49 Billion ≈ $6.42 Billion |
+369.95% |
| 2020-12-31 | €1.17 Billion ≈ $1.37 Billion |
-37.50% |
| 2019-12-31 | €1.87 Billion ≈ $2.19 Billion |
+15.75% |
| 2018-12-31 | €1.62 Billion ≈ $1.89 Billion |
-6.14% |
| 2017-12-31 | €1.72 Billion ≈ $2.01 Billion |
+92.87% |
| 2016-12-31 | €892.21 Million ≈ $1.04 Billion |
+16.55% |
| 2015-12-31 | €765.49 Million ≈ $894.94 Million |
+184.74% |
| 2014-12-31 | €268.84 Million ≈ $314.30 Million |
+588.40% |
| 2013-12-31 | €39.05 Million ≈ $45.66 Million |
+19.67% |
| 2012-12-31 | €32.63 Million ≈ $38.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Delivery Hero SE's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1102481400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €298.20 Million | 18.19% |
| Other Comprehensive Income | €12.40 Billion | 756.32% |
| Total Equity | €1.64 Billion | 100.00% |
Delivery Hero SE Competitors by Market Cap
The table below lists competitors of Delivery Hero SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gamuda Bhd
KLSE:5398
|
$7.09 Billion |
|
Simpson Manufacturing Company Inc
NYSE:SSD
|
$7.09 Billion |
|
Minera Frisco S.A.B. de C.V
MX:MFRISCOA-1
|
$7.10 Billion |
|
Sunway Bhd
KLSE:5211
|
$7.10 Billion |
|
Beijing Huafeng Test & Control Technology Co Ltd
SHG:688200
|
$7.07 Billion |
|
Impulsora del Desarrollo y el Empleo en América Latina S.A.B. de C.V
MX:IDEALB-1
|
$7.07 Billion |
|
ENN Energy Holdings Limited
F:XGH
|
$7.07 Billion |
|
National Aluminium Company Limited
NSE:NATIONALUM
|
$7.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Delivery Hero SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,592,300,000 to 1,639,600,000, a change of -952,700,000 (-36.8%).
- Net loss of 782,900,000 reduced equity.
- Dividend payments of 54,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 17,600,000.
- Other factors decreased equity by 133,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-782.90 Million | -47.75% |
| Dividends Paid | €54.00 Million | -3.29% |
| Other Comprehensive Income | €17.60 Million | +1.07% |
| Other Changes | €-133.40 Million | -8.14% |
| Total Change | €- | -36.75% |
Book Value vs Market Value Analysis
This analysis compares Delivery Hero SE's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.67x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 159.53x to 6.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €0.23 | €36.61 | x |
| 2014-12-31 | €1.57 | €36.61 | x |
| 2015-12-31 | €4.49 | €36.61 | x |
| 2016-12-31 | €5.24 | €36.61 | x |
| 2017-12-31 | €10.90 | €36.61 | x |
| 2018-12-31 | €8.69 | €36.61 | x |
| 2019-12-31 | €9.83 | €36.61 | x |
| 2020-12-31 | €5.81 | €36.61 | x |
| 2021-12-31 | €22.27 | €36.61 | x |
| 2022-12-31 | €14.01 | €36.61 | x |
| 2023-12-31 | €6.16 | €36.61 | x |
| 2024-12-31 | €9.12 | €36.61 | x |
| 2025-12-31 | €5.49 | €36.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Delivery Hero SE utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -47.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.57%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 6.43x
- Recent ROE (-47.75%) is above the historical average (-51.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -88.89% | -84.21% | 0.37x | 2.84x | €-39.03 Million |
| 2014 | -31.94% | -97.77% | 0.17x | 1.92x | €-112.98 Million |
| 2015 | -31.69% | -147.22% | 0.12x | 1.80x | €-321.82 Million |
| 2016 | -20.78% | -64.64% | 0.18x | 1.81x | €-277.58 Million |
| 2017 | -20.07% | -63.46% | 0.27x | 1.19x | €-517.03 Million |
| 2018 | -2.36% | -5.74% | 0.33x | 1.24x | €-199.94 Million |
| 2019 | -36.86% | -55.75% | 0.46x | 1.43x | €-877.05 Million |
| 2020 | -120.43% | -56.75% | 0.43x | 4.96x | €-1.52 Billion |
| 2021 | -20.03% | -18.73% | 0.46x | 2.32x | €-1.64 Billion |
| 2022 | -79.59% | -34.69% | 0.67x | 3.44x | €-3.35 Billion |
| 2023 | -138.95% | -23.11% | 0.95x | 6.34x | €-2.46 Billion |
| 2024 | -34.04% | -7.18% | 0.96x | 4.92x | €-1.14 Billion |
| 2025 | -47.75% | -5.57% | 1.33x | 6.43x | €-946.86 Million |
Industry Comparison
This section compares Delivery Hero SE's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $52,347,672,263
- Average return on equity (ROE) among peers: 6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Delivery Hero SE (DHER) | €1.79 Billion | -88.89% | 4.88x | $7.08 Billion |
| JD.com Inc Adr (013A) | $52.39 Billion | 0.25% | 2.51x | $34.07 Billion |
| JD.com Inc. (013C) | $313.30 Billion | 13.20% | 1.23x | $34.74 Billion |
| Vipshop Holdings Limited (1VPA) | $5.78 Billion | 35.23% | 3.34x | $4.80 Billion |
| PROSUS NV ADR/ 1/1 (1YL) | $44.62 Billion | 22.66% | 0.46x | $94.22 Billion |
| BAOZUN INC. A DL -0001 (2BZ) | $6.48 Billion | -3.39% | 0.90x | $124.51 Million |
| Baozun Inc (2BZA) | $1.23 Billion | 1.83% | 0.53x | $138.38 Million |
| YESASIA HOLDINGS LTD (4CM) | $36.29 Million | -5.69% | 0.93x | $135.32 Million |
| GIGLIO GROUP S.P.A. O.N. (5JR) | $-18.98 Million | 0.00% | 0.00x | $872.65K |
| GIGLIO.COM S.P.A. O.N. (5JR0) | $11.09 Million | -20.71% | 1.13x | $6.29 Million |
| MERCARI INC. UNSP.ADR/1/2 (6TP0) | $99.64 Billion | 26.21% | 4.46x | $3.35 Billion |
About Delivery Hero SE
Delivery Hero SE provides online food ordering, quick commerce, and delivery services. The company also offers advertising services. It operates in approximately 70 countries across Asia, the Middle East, Africa, Europe, and Latin America. Delivery Hero SE was founded in 2011 and is headquartered in Berlin, Germany.