VONOVIA SE (VNA.DE) Fundamental Analysis & Valuation
FRA:VNA • DE000A1ML7J1
Current stock price
22.91 EUR
+0.2 (+0.88%)
Last:
This VNA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. VNA.DE Profitability Analysis
1.1 Basic Checks
- In the past year VNA was profitable.
- VNA had a positive operating cash flow in the past year.
- In multiple years VNA reported negative net income over the last 5 years.
- VNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of VNA (3.99%) is better than 80.00% of its industry peers.
- VNA's Return On Equity of 13.55% is amongst the best of the industry. VNA outperforms 95.71% of its industry peers.
- VNA has a Return On Invested Capital of 1.69%. This is comparable to the rest of the industry: VNA outperforms 54.29% of its industry peers.
- VNA had an Average Return On Invested Capital over the past 3 years of 1.80%. This is below the industry average of 3.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.99% | ||
| ROE | 13.55% | ||
| ROIC | 1.69% |
ROA(3y)-1.28%
ROA(5y)-0.47%
ROE(3y)-4.88%
ROE(5y)-1.97%
ROIC(3y)1.8%
ROIC(5y)2.78%
1.3 Margins
- The Profit Margin of VNA (73.56%) is better than 84.29% of its industry peers.
- In the last couple of years the Profit Margin of VNA has grown nicely.
- The Operating Margin of VNA (41.17%) is better than 64.29% of its industry peers.
- VNA's Operating Margin has declined in the last couple of years.
- The Gross Margin of VNA (71.21%) is better than 64.29% of its industry peers.
- In the last couple of years the Gross Margin of VNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.17% | ||
| PM (TTM) | 73.56% | ||
| GM | 71.21% |
OM growth 3Y-2.1%
OM growth 5Y-11.85%
PM growth 3YN/A
PM growth 5Y10.13%
GM growth 3Y2.75%
GM growth 5Y-4.2%
2. VNA.DE Health Analysis
2.1 Basic Checks
- VNA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, VNA has more shares outstanding
- VNA has more shares outstanding than it did 5 years ago.
- VNA has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.67, we must say that VNA is in the distress zone and has some risk of bankruptcy.
- VNA has a Altman-Z score of 0.67. This is comparable to the rest of the industry: VNA outperforms 42.86% of its industry peers.
- The Debt to FCF ratio of VNA is 20.62, which is on the high side as it means it would take VNA, 20.62 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of VNA (20.62) is better than 65.71% of its industry peers.
- VNA has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
- VNA has a worse Debt to Equity ratio (1.42) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 20.62 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.51
WACC3.32%
2.3 Liquidity
- VNA has a Current Ratio of 1.07. This is a normal value and indicates that VNA is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of VNA (1.07) is worse than 60.00% of its industry peers.
- VNA has a Quick Ratio of 1.07. This is a bad value and indicates that VNA is not financially healthy enough and could expect problems in meeting its short term obligations.
- VNA has a Quick ratio (0.77) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.77 |
3. VNA.DE Growth Analysis
3.1 Past
- VNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.68%, which is quite impressive.
- VNA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.92% yearly.
- The Revenue has decreased by -3.52% in the past year.
- Measured over the past years, VNA shows a decrease in Revenue. The Revenue has been decreasing by -6.57% on average per year.
EPS 1Y (TTM)24.68%
EPS 3Y-4.58%
EPS 5Y-12.92%
EPS Q2Q%-634.48%
Revenue 1Y (TTM)-3.52%
Revenue growth 3Y-0.64%
Revenue growth 5Y-6.57%
Sales Q2Q%-9.21%
3.2 Future
- Based on estimates for the next years, VNA will show a small growth in Earnings Per Share. The EPS will grow by 3.37% on average per year.
- Based on estimates for the next years, VNA will show a small growth in Revenue. The Revenue will grow by 0.49% on average per year.
EPS Next Y16.01%
EPS Next 2Y13.89%
EPS Next 3Y3.37%
EPS Next 5YN/A
Revenue Next Year-0.84%
Revenue Next 2Y0.89%
Revenue Next 3Y0.49%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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. VNA.DE Valuation Analysis
4.1 Price/Earnings Ratio
- VNA is valuated reasonably with a Price/Earnings ratio of 11.93.
- Based on the Price/Earnings ratio, VNA is valued a bit cheaper than 67.14% of the companies in the same industry.
- VNA is valuated cheaply when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 10.29, the valuation of VNA can be described as reasonable.
- 80.00% of the companies in the same industry are more expensive than VNA, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of VNA to the average of the S&P500 Index (21.68), we can say VNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.93 | ||
| Fwd PE | 10.29 |
4.2 Price Multiples
- VNA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VNA is cheaper than 64.29% of the companies in the same industry.
- VNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VNA is cheaper than 72.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.25 | ||
| EV/EBITDA | 22.52 |
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.
- The decent profitability rating of VNA may justify a higher PE ratio.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y13.89%
EPS Next 3Y3.37%
5. VNA.DE Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.38%, VNA is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.03, VNA pays a better dividend. On top of this VNA pays more dividend than 84.29% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, VNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.38% |
5.2 History
- The dividend of VNA decreases each year by -3.16%.
Dividend Growth(5Y)-3.16%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
- VNA pays out 17.38% of its income as dividend. This is a sustainable payout ratio.
DP17.38%
EPS Next 2Y13.89%
EPS Next 3Y3.37%
VNA.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:VNA (4/30/2026, 5:36:15 PM)
22.91
+0.2 (+0.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Industry Strength27.03
Industry Growth49.33
Earnings (Last)03-19 2026-03-19/bmo
Earnings (Next)05-07 2026-05-07
Inst Owners54.05%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap19.44B
Revenue(TTM)5.06B
Net Income(TTM)3.72B
Analysts75
Price Target32.84 (43.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.38% |
Yearly Dividend0.39
Dividend Growth(5Y)-3.16%
DP17.38%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-50.35%
Min EPS beat(2)-549.66%
Max EPS beat(2)448.97%
EPS beat(4)3
Avg EPS beat(4)-11.46%
Min EPS beat(4)-549.66%
Max EPS beat(4)448.97%
EPS beat(8)5
Avg EPS beat(8)-16.43%
EPS beat(12)8
Avg EPS beat(12)-18.5%
EPS beat(16)10
Avg EPS beat(16)-15.71%
Revenue beat(2)2
Avg Revenue beat(2)44.32%
Min Revenue beat(2)37%
Max Revenue beat(2)51.65%
Revenue beat(4)4
Avg Revenue beat(4)47.87%
Min Revenue beat(4)37%
Max Revenue beat(4)51.65%
Revenue beat(8)8
Avg Revenue beat(8)51.42%
Revenue beat(12)11
Avg Revenue beat(12)48.4%
Revenue beat(16)15
Avg Revenue beat(16)50.41%
PT rev (1m)-4.21%
PT rev (3m)-5.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.83%
EPS NY rev (1m)-10.84%
EPS NY rev (3m)-10.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)-5.23%
Revenue NY rev (3m)0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.93 | ||
| Fwd PE | 10.29 | ||
| P/S | 3.84 | ||
| P/FCF | 9.25 | ||
| P/OCF | 7.94 | ||
| P/B | 0.71 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 22.52 |
EPS(TTM)1.92
EY8.38%
EPS(NY)2.23
Fwd EY9.72%
FCF(TTM)2.48
FCFY10.81%
OCF(TTM)2.89
OCFY12.6%
SpS5.97
BVpS32.37
TBVpS30.68
PEG (NY)0.75
PEG (5Y)N/A
Graham Number37.397 (63.23%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.99% | ||
| ROE | 13.55% | ||
| ROCE | 2.4% | ||
| ROIC | 1.69% | ||
| ROICexc | 1.76% | ||
| ROICexgc | 1.79% | ||
| OM | 41.17% | ||
| PM (TTM) | 73.56% | ||
| GM | 71.21% | ||
| FCFM | 41.5% |
ROA(3y)-1.28%
ROA(5y)-0.47%
ROE(3y)-4.88%
ROE(5y)-1.97%
ROIC(3y)1.8%
ROIC(5y)2.78%
ROICexc(3y)1.86%
ROICexc(5y)2.86%
ROICexgc(3y)1.89%
ROICexgc(5y)2.92%
ROCE(3y)2.56%
ROCE(5y)3.95%
ROICexgc growth 3Y1.28%
ROICexgc growth 5Y-23.26%
ROICexc growth 3Y1.29%
ROICexc growth 5Y-23.11%
OM growth 3Y-2.1%
OM growth 5Y-11.85%
PM growth 3YN/A
PM growth 5Y10.13%
GM growth 3Y2.75%
GM growth 5Y-4.2%
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 20.62 | ||
| Debt/EBITDA | 14.99 | ||
| Cap/Depr | 67.66% | ||
| Cap/Sales | 6.87% | ||
| Interest Coverage | 2.41 | ||
| Cash Conversion | 94.24% | ||
| Profit Quality | 56.42% | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 0.67 |
F-Score6
WACC3.32%
ROIC/WACC0.51
Cap/Depr(3y)197.32%
Cap/Depr(5y)123.99%
Cap/Sales(3y)10.23%
Cap/Sales(5y)7.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.68%
EPS 3Y-4.58%
EPS 5Y-12.92%
EPS Q2Q%-634.48%
EPS Next Y16.01%
EPS Next 2Y13.89%
EPS Next 3Y3.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.52%
Revenue growth 3Y-0.64%
Revenue growth 5Y-6.57%
Sales Q2Q%-9.21%
Revenue Next Year-0.84%
Revenue Next 2Y0.89%
Revenue Next 3Y0.49%
Revenue Next 5YN/A
EBIT growth 1Y-9.74%
EBIT growth 3Y-2.73%
EBIT growth 5Y-17.65%
EBIT Next Year-6.32%
EBIT Next 3Y2.29%
EBIT Next 5YN/A
FCF growth 1Y10.28%
FCF growth 3Y4.21%
FCF growth 5Y12.64%
OCF growth 1Y1.94%
OCF growth 3Y5.51%
OCF growth 5Y11.35%
VONOVIA SE / VNA.DE Fundamental Analysis FAQ
What is the ChartMill fundamental rating of VONOVIA SE (VNA.DE) stock?
ChartMill assigns a fundamental rating of 5 / 10 to VNA.DE.
What is the valuation status of VONOVIA SE (VNA.DE) stock?
ChartMill assigns a valuation rating of 7 / 10 to VONOVIA SE (VNA.DE). This can be considered as Undervalued.
Can you provide the profitability details for VONOVIA SE?
VONOVIA SE (VNA.DE) has a profitability rating of 6 / 10.
What is the financial health of VONOVIA SE (VNA.DE) stock?
The financial health rating of VONOVIA SE (VNA.DE) is 2 / 10.
What is the earnings growth outlook for VONOVIA SE?
The Earnings per Share (EPS) of VONOVIA SE (VNA.DE) is expected to grow by 16.01% in the next year.