VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - FRA:VNA - DE000A1ML7J1 - Common Stock
26.32 EUR
-0.25 (-0.94%)
We assign a fundamental rating of 3 out of 10 to VNA. VNA was compared to 74 industry peers in the Real Estate Management & Development industry. VNA has a medium profitability rating, but doesn't score so well on its financial health evaluation. VNA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
VNA had positive earnings in the past year.
In the past year VNA had a positive cash flow from operations.
In multiple years VNA reported negative net income over the last 5 years.
In the past 5 years VNA always reported a positive cash flow from operatings.
1.2 Ratios
VNA has a Return On Assets of 0.42%. This is comparable to the rest of the industry: VNA outperforms 47.30% of its industry peers.
With a Return On Equity value of 1.57%, VNA perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
VNA's Return On Invested Capital of 1.65% is in line compared to the rest of the industry. VNA outperforms 51.35% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VNA is below the industry average of 3.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 1.57% | ||
| ROIC | 1.65% |
ROA(3y)-2.82%
ROA(5y)-0.23%
ROE(3y)-10.09%
ROE(5y)-2.01%
ROIC(3y)1.79%
ROIC(5y)3.74%
1.3 Margins
With a Profit Margin value of 7.23%, VNA perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
VNA's Operating Margin of 36.79% is fine compared to the rest of the industry. VNA outperforms 66.22% of its industry peers.
VNA's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 68.02%, VNA is in the better half of the industry, outperforming 60.81% of the companies in the same industry.
VNA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.79% | ||
| PM (TTM) | 7.23% | ||
| GM | 68.02% |
OM growth 3Y-19.15%
OM growth 5Y-10.93%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.19%
GM growth 5Y-5.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VNA is destroying value.
Compared to 1 year ago, VNA has more shares outstanding
Compared to 5 years ago, VNA has more shares outstanding
Compared to 1 year ago, VNA has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.63, we must say that VNA is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.63, VNA is not doing good in the industry: 66.22% of the companies in the same industry are doing better.
VNA has a debt to FCF ratio of 18.30. This is a negative value and a sign of low solvency as VNA would need 18.30 years to pay back of all of its debts.
VNA has a Debt to FCF ratio of 18.30. This is comparable to the rest of the industry: VNA outperforms 54.05% of its industry peers.
A Debt/Equity ratio of 1.53 is on the high side and indicates that VNA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.53, VNA is doing worse than 81.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 18.3 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.5
WACC3.3%
2.3 Liquidity
VNA has a Current Ratio of 0.74. This is a bad value and indicates that VNA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.74, VNA is not doing good in the industry: 74.32% of the companies in the same industry are doing better.
A Quick Ratio of 0.53 indicates that VNA may have some problems paying its short term obligations.
VNA has a Quick ratio of 0.53. This is in the lower half of the industry: VNA underperforms 67.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
VNA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.38%.
VNA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.13% yearly.
VNA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.99%.
Measured over the past years, VNA shows a decrease in Revenue. The Revenue has been decreasing by -6.20% on average per year.
EPS 1Y (TTM)-4.38%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-46.67%
Revenue 1Y (TTM)11.99%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%0.35%
3.2 Future
The Earnings Per Share is expected to grow by 17.63% on average over the next years. This is quite good.
VNA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.88% yearly.
EPS Next Y39.99%
EPS Next 2Y23.58%
EPS Next 3Y17.63%
EPS Next 5YN/A
Revenue Next Year6.14%
Revenue Next 2Y5.59%
Revenue Next 3Y5.25%
Revenue Next 5Y-1.88%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.20, the valuation of VNA can be described as rather expensive.
VNA's Price/Earnings ratio is a bit cheaper when compared to the industry. VNA is cheaper than 67.57% of the companies in the same industry.
VNA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.27.
With a Price/Forward Earnings ratio of 11.19, the valuation of VNA can be described as very reasonable.
77.03% of the companies in the same industry are more expensive than VNA, based on the Price/Forward Earnings ratio.
VNA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.2 | ||
| Fwd PE | 11.19 |
4.2 Price Multiples
VNA's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, VNA is valued a bit cheaper than the industry average as 71.62% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.43 | ||
| EV/EBITDA | 26.13 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VNA's earnings are expected to grow with 17.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)0.81
EPS Next 2Y23.58%
EPS Next 3Y17.63%
5. Dividend
5.1 Amount
VNA has a Yearly Dividend Yield of 4.60%, which is a nice return.
Compared to an average industry Dividend Yield of 7.70, VNA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, VNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
5.2 History
The dividend of VNA decreases each year by -4.09%.
Dividend Growth(5Y)-4.09%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
VNA pays out 170.72% of its income as dividend. This is not a sustainable payout ratio.
DP170.72%
EPS Next 2Y23.58%
EPS Next 3Y17.63%
FRA:VNA (9/16/2025, 5:04:08 PM)
26.32
-0.25 (-0.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners57.14%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap22.00B
Analysts72.86
Price Target35.4 (34.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Yearly Dividend0.31
Dividend Growth(5Y)-4.09%
DP170.72%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.43%
Min EPS beat(2)0.69%
Max EPS beat(2)54.17%
EPS beat(4)3
Avg EPS beat(4)-23.25%
Min EPS beat(4)-165.18%
Max EPS beat(4)54.17%
EPS beat(8)5
Avg EPS beat(8)-22.64%
EPS beat(12)8
Avg EPS beat(12)-15.02%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)51.42%
Min Revenue beat(2)51.27%
Max Revenue beat(2)51.56%
Revenue beat(4)4
Avg Revenue beat(4)53.6%
Min Revenue beat(4)51.27%
Max Revenue beat(4)57.46%
Revenue beat(8)7
Avg Revenue beat(8)44.97%
Revenue beat(12)11
Avg Revenue beat(12)52.07%
Revenue beat(16)15
Avg Revenue beat(16)80.45%
PT rev (1m)0.59%
PT rev (3m)0.79%
EPS NQ rev (1m)2.02%
EPS NQ rev (3m)0.3%
EPS NY rev (1m)2.52%
EPS NY rev (3m)2.52%
Revenue NQ rev (1m)-4.11%
Revenue NQ rev (3m)-1.76%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.2 | ||
| Fwd PE | 11.19 | ||
| P/S | 4.19 | ||
| P/FCF | 9.43 | ||
| P/OCF | 7.68 | ||
| P/B | 0.91 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 26.13 |
EPS(TTM)1.53
EY5.81%
EPS(NY)2.35
Fwd EY8.94%
FCF(TTM)2.79
FCFY10.6%
OCF(TTM)3.43
OCFY13.02%
SpS6.28
BVpS28.94
TBVpS27.23
PEG (NY)0.43
PEG (5Y)0.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 1.57% | ||
| ROCE | 2.35% | ||
| ROIC | 1.65% | ||
| ROICexc | 1.7% | ||
| ROICexgc | 1.73% | ||
| OM | 36.79% | ||
| PM (TTM) | 7.23% | ||
| GM | 68.02% | ||
| FCFM | 44.45% |
ROA(3y)-2.82%
ROA(5y)-0.23%
ROE(3y)-10.09%
ROE(5y)-2.01%
ROIC(3y)1.79%
ROIC(5y)3.74%
ROICexc(3y)1.84%
ROICexc(5y)3.81%
ROICexgc(3y)1.87%
ROICexgc(5y)3.91%
ROCE(3y)2.54%
ROCE(5y)5.31%
ROICexcg growth 3Y-34.18%
ROICexcg growth 5Y-23.42%
ROICexc growth 3Y-33.93%
ROICexc growth 5Y-23.25%
OM growth 3Y-19.15%
OM growth 5Y-10.93%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.19%
GM growth 5Y-5.86%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 18.3 | ||
| Debt/EBITDA | 15.54 | ||
| Cap/Depr | 117.79% | ||
| Cap/Sales | 10.14% | ||
| Interest Coverage | 2.24 | ||
| Cash Conversion | 120.25% | ||
| Profit Quality | 615.17% | ||
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 0.63 |
F-Score6
WACC3.3%
ROIC/WACC0.5
Cap/Depr(3y)180.71%
Cap/Depr(5y)169.46%
Cap/Sales(3y)9.41%
Cap/Sales(5y)7.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.38%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-46.67%
EPS Next Y39.99%
EPS Next 2Y23.58%
EPS Next 3Y17.63%
EPS Next 5YN/A
Revenue 1Y (TTM)11.99%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%0.35%
Revenue Next Year6.14%
Revenue Next 2Y5.59%
Revenue Next 3Y5.25%
Revenue Next 5Y-1.88%
EBIT growth 1Y-17.4%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year8.4%
EBIT Next 3Y6.61%
EBIT Next 5YN/A
FCF growth 1Y92.2%
FCF growth 3Y9.27%
FCF growth 5Y5.54%
OCF growth 1Y46.41%
OCF growth 3Y9.83%
OCF growth 5Y9.07%