VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VNA - DE000A1ML7J1 - Common Stock
25.36 EUR
-0.09 (-0.35%)
VNA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 77 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. VNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year VNA was profitable.
- 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
- With a decent Return On Assets value of 3.05%, VNA is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- With an excellent Return On Equity value of 10.73%, VNA belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
- VNA has a Return On Invested Capital (1.71%) which is in line with its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for VNA is below the industry average of 4.21%.
| 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
- VNA's Profit Margin of 53.84% is amongst the best of the industry. VNA outperforms 81.82% of its industry peers.
- Looking at the Operating Margin, with a value of 39.09%, VNA is in the better half of the industry, outperforming 64.94% of the companies in the same industry.
- VNA's Operating Margin has declined in the last couple of years.
- VNA has a better Gross Margin (68.51%) than 62.34% of its industry peers.
- VNA's Gross Margin has declined in the last couple of years.
| 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
- VNA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
- Based on the Altman-Z score of 0.65, we must say that VNA is in the distress zone and has some risk of bankruptcy.
- VNA has a worse Altman-Z score (0.65) than 64.94% 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.
- The Debt to FCF ratio of VNA (21.28) is comparable to the rest of the industry.
- A Debt/Equity ratio of 1.42 is on the high side and indicates that VNA has dependencies on debt 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 | 21.28 | ||
| Altman-Z | 0.65 |
ROIC/WACC0.52
WACC3.27%
2.3 Liquidity
- VNA has a Current 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 Current ratio, with a value of 0.80, VNA is doing worse than 63.64% of the companies in the same industry.
- 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.
- VNA has a Quick ratio (0.57) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- VNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 154.05%, which is quite impressive.
- VNA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.13% yearly.
- Looking at the last year, VNA shows a quite strong growth in Revenue. The Revenue has grown by 10.40% in the last year.
- 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
- Based on estimates for the next years, VNA will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.39% on average per year.
- The Revenue is expected to decrease by -1.88% on average over the next years.
EPS Next Y47.24%
EPS Next 2Y23.39%
EPS Next 3Y17.39%
EPS Next 5YN/A
Revenue Next Year8.18%
Revenue Next 2Y4.9%
Revenue Next 3Y4.69%
Revenue Next 5Y-1.88%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 6.74, the valuation of VNA can be described as very cheap.
- Based on the Price/Earnings ratio, VNA is valued cheaper than 92.21% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.54. VNA is valued rather cheaply when compared to this.
- Based on the Price/Forward Earnings ratio of 10.82, the valuation of VNA can be described as reasonable.
- 80.52% of the companies in the same industry are more expensive than VNA, based on the Price/Forward Earnings ratio.
- VNA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 10.82 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as VNA.
- VNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VNA is cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.63 | ||
| EV/EBITDA | 24.68 |
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.
- A more expensive valuation may be justified as VNA's earnings are expected to grow with 17.39% in the coming years.
PEG (NY)0.14
PEG (5Y)0.32
EPS Next 2Y23.39%
EPS Next 3Y17.39%
5. Dividend
5.1 Amount
- VNA has a Yearly Dividend Yield of 4.79%, which is a nice return.
- VNA's Dividend Yield is rather good when compared to the industry average which is at 4.02. VNA pays more dividend than 80.52% of the companies in the same industry.
- VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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 2Y23.39%
EPS Next 3Y17.39%
FRA:VNA (1/16/2026, 3:34:05 PM)
25.36
-0.09 (-0.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)03-17 2026-03-17/amc
Inst Owners55.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap21.51B
Revenue(TTM)5.20B
Net Income(TTM)2.80B
Analysts72.59
Price Target34.93 (37.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
Yearly Dividend0.31
Dividend Growth(5Y)-4.09%
DP23.13%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)224.83%
Min EPS beat(2)0.69%
Max EPS beat(2)448.97%
EPS beat(4)3
Avg EPS beat(4)84.66%
Min EPS beat(4)-165.18%
Max EPS beat(4)448.97%
EPS beat(8)5
Avg EPS beat(8)31.23%
EPS beat(12)8
Avg EPS beat(12)22.29%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)51.46%
Min Revenue beat(2)51.27%
Max Revenue beat(2)51.65%
Revenue beat(4)4
Avg Revenue beat(4)52.15%
Min Revenue beat(4)51.27%
Max Revenue beat(4)54.12%
Revenue beat(8)7
Avg Revenue beat(8)45.82%
Revenue beat(12)11
Avg Revenue beat(12)49.45%
Revenue beat(16)15
Avg Revenue beat(16)66.82%
PT rev (1m)-0.26%
PT rev (3m)-1.34%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)0.64%
EPS NY rev (1m)4.68%
EPS NY rev (3m)6.4%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)5.54%
Revenue NY rev (3m)1.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 10.82 | ||
| P/S | 4.14 | ||
| P/FCF | 10.63 | ||
| P/OCF | 7.95 | ||
| P/B | 0.82 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 24.68 |
EPS(TTM)3.76
EY14.83%
EPS(NY)2.34
Fwd EY9.25%
FCF(TTM)2.39
FCFY9.41%
OCF(TTM)3.19
OCFY12.57%
SpS6.13
BVpS30.76
TBVpS29.06
PEG (NY)0.14
PEG (5Y)0.32
Graham Number51.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 10.73% | ||
| ROCE | 2.43% | ||
| ROIC | 1.71% | ||
| ROICexc | 1.78% | ||
| ROICexgc | 1.82% | ||
| OM | 39.09% | ||
| PM (TTM) | 53.84% | ||
| GM | 68.51% | ||
| FCFM | 38.92% |
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%
ROICexgc growth 3Y-34.18%
ROICexgc 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-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 21.28 | ||
| Debt/EBITDA | 15.01 | ||
| Cap/Depr | 156.18% | ||
| Cap/Sales | 13.1% | ||
| Interest Coverage | 2.35 | ||
| Cash Conversion | 109.56% | ||
| Profit Quality | 72.29% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | 0.65 |
F-Score5
WACC3.27%
ROIC/WACC0.52
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)154.05%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%391.23%
EPS Next Y47.24%
EPS Next 2Y23.39%
EPS Next 3Y17.39%
EPS Next 5YN/A
Revenue 1Y (TTM)10.4%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-3.64%
Revenue Next Year8.18%
Revenue Next 2Y4.9%
Revenue Next 3Y4.69%
Revenue Next 5Y-1.88%
EBIT growth 1Y-12.88%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year11.08%
EBIT Next 3Y7.83%
EBIT Next 5YN/A
FCF growth 1Y84.61%
FCF growth 3Y9.27%
FCF growth 5Y5.54%
OCF growth 1Y43.98%
OCF growth 3Y9.83%
OCF growth 5Y9.07%
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 7 / 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 6.74 and the Price/Book (PB) ratio is 0.82.
How sustainable is the dividend of VONOVIA SE (VNA.DE) stock?
The dividend rating of VONOVIA SE (VNA.DE) is 7 / 10 and the dividend payout ratio is 23.13%.