VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:VNA • DE000A1ML7J1
24.37 EUR
-0.24 (-0.98%)
Last: Feb 2, 2026, 05:36 PM
Taking everything into account, VNA scores 4 out of 10 in our fundamental rating. VNA was compared to 66 industry peers in the Real Estate Management & Development industry. While VNA is still in line with the averages on profitability rating, there are concerns on its financial health. VNA scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
- In the past year VNA was profitable.
- VNA had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: VNA reported negative net income in multiple years.
- In the past 5 years VNA always reported a positive cash flow from operatings.
1.2 Ratios
- VNA has a better Return On Assets (3.05%) than 72.73% of its industry peers.
- VNA's Return On Equity of 10.73% is amongst the best of the industry. VNA outperforms 86.36% of its industry peers.
- VNA has a Return On Invested Capital of 1.71%. This is comparable to the rest of the industry: VNA outperforms 50.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for VNA is below the industry average of 3.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 10.73% | ||
| ROIC | 1.71% |
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
- Looking at the Profit Margin, with a value of 53.84%, VNA belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- VNA's Operating Margin of 39.09% is fine compared to the rest of the industry. VNA outperforms 63.64% of its industry peers.
- VNA's Operating Margin has declined in the last couple of years.
- VNA has a Gross Margin of 68.51%. This is in the better half of the industry: VNA outperforms 62.12% of its industry peers.
- In the last couple of years the Gross Margin of VNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.09% | ||
| PM (TTM) | 53.84% | ||
| GM | 68.51% |
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.
- VNA has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for VNA has been increased compared to 5 years ago.
- VNA has a worse debt/assets ratio than last year.
2.2 Solvency
- VNA has an Altman-Z score of 0.64. This is a bad value and indicates that VNA is not financially healthy and even has some risk of bankruptcy.
- VNA's Altman-Z score of 0.64 is on the low side compared to the rest of the industry. VNA is outperformed by 63.64% of its industry peers.
- VNA has a debt to FCF ratio of 21.28. This is a negative value and a sign of low solvency as VNA would need 21.28 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 21.28, VNA perfoms like the industry average, outperforming 57.58% of the companies in the same industry.
- VNA has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
- VNA has a Debt to Equity ratio of 1.42. This is in the lower half of the industry: VNA underperforms 69.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 21.28 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.52
WACC3.26%
2.3 Liquidity
- A Current Ratio of 0.80 indicates that VNA may have some problems paying its short term obligations.
- VNA's Current ratio of 0.80 is on the low side compared to the rest of the industry. VNA is outperformed by 66.67% of its industry peers.
- VNA has a Quick Ratio of 0.80. This is a bad value and indicates that VNA is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.57, VNA is in line with its industry, outperforming 43.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 154.05% over the past year.
- VNA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.13% yearly.
- The Revenue has grown by 10.40% in the past year. This is quite good.
- The Revenue has been decreasing by -6.20% on average over the past years.
EPS 1Y (TTM)154.05%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%391.23%
Revenue 1Y (TTM)10.4%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-3.64%
3.2 Future
- The Earnings Per Share is expected to grow by 20.51% on average over the next years. This is a very strong growth
- The Revenue is expected to decrease by -1.88% on average over the next years.
EPS Next Y47.57%
EPS Next 2Y27.08%
EPS Next 3Y20.51%
EPS Next 5YN/A
Revenue Next Year8.18%
Revenue Next 2Y4.9%
Revenue Next 3Y4.69%
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 6.48, the valuation of VNA can be described as very cheap.
- Based on the Price/Earnings ratio, VNA is valued cheaply inside the industry as 93.94% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, VNA is valued rather cheaply.
- The Price/Forward Earnings ratio is 9.80, which indicates a very decent valuation of VNA.
- VNA's Price/Forward Earnings ratio is rather cheap when compared to the industry. VNA is cheaper than 81.82% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. VNA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 9.8 |
4.2 Price Multiples
- VNA's Enterprise Value to EBITDA is on the same level as the industry average.
- VNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VNA is cheaper than 69.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.22 | ||
| EV/EBITDA | 24.4 |
4.3 Compensation for Growth
- VNA's 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 20.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)0.31
EPS Next 2Y27.08%
EPS Next 3Y20.51%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.91%, VNA is a good candidate for dividend investing.
- VNA's Dividend Yield is a higher than the industry average which is at 4.55.
- Compared to an average S&P500 Dividend Yield of 1.83, VNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
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 23.13% of its income as dividend. This is a sustainable payout ratio.
DP23.13%
EPS Next 2Y27.08%
EPS Next 3Y20.51%
VONOVIA SE / VNA.DE FAQ
What is the ChartMill fundamental rating of VONOVIA SE (VNA.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to VNA.DE.
What is the valuation status of VONOVIA SE (VNA.DE) stock?
ChartMill assigns a valuation rating of 8 / 10 to VONOVIA SE (VNA.DE). This can be considered as Undervalued.
How profitable is VONOVIA SE (VNA.DE) stock?
VONOVIA SE (VNA.DE) has a profitability rating of 5 / 10.
What is the valuation of VONOVIA SE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for VONOVIA SE (VNA.DE) is 6.48 and the Price/Book (PB) ratio is 0.79.
How sustainable is the dividend of VONOVIA SE (VNA.DE) stock?
The dividend rating of VONOVIA SE (VNA.DE) is 6 / 10 and the dividend payout ratio is 23.13%.