VONOVIA SE (VNA.DE) Stock Fundamental Analysis
FRA:VNA - Deutsche Boerse Ag - DE000A1ML7J1 - Common Stock - Currency: EUR
VNA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 66 industry peers in the Real Estate Management & Development industry. VNA has a bad profitability rating. Also its financial health evaluation is rather negative. VNA is not valued too expensively and it also shows a decent growth rate.
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.
The reported net income has been mixed in the past 5 years: VNA reported negative net income in multiple years.
Each year in the past 5 years VNA had a positive operating cash flow.
1.2 Ratios
VNA's Return On Assets of -0.99% is in line compared to the rest of the industry. VNA outperforms 51.52% of its industry peers.
VNA has a Return On Equity (-3.73%) which is in line with its industry peers.
VNA has a Return On Invested Capital of 1.96%. This is comparable to the rest of the industry: VNA outperforms 59.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.99% | ||
| ROE | -3.73% | ||
| ROIC | 1.96% |
ROA(3y)-2.82%
ROA(5y)-0.23%
ROE(3y)-10.09%
ROE(5y)-2.01%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of VNA (44.01%) is better than 69.70% of its industry peers.
In the last couple of years the Operating Margin of VNA has declined.
VNA has a better Gross Margin (66.00%) than 69.70% of its industry peers.
In the last couple of years the Gross Margin of VNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.01% | ||
| PM (TTM) | N/A | ||
| GM | 66% |
OM growth 3Y-19.16%
OM growth 5Y-10.9%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.19%
GM growth 5Y-5.86%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VNA is destroying value.
VNA has more shares outstanding than it did 1 year ago.
VNA has more shares outstanding than it did 5 years ago.
VNA has a worse debt/assets ratio than last year.
2.2 Solvency
VNA has an Altman-Z score of 0.69. This is a bad value and indicates that VNA is not financially healthy and even has some risk of bankruptcy.
VNA has a Altman-Z score (0.69) which is in line with its industry peers.
VNA has a debt to FCF ratio of 22.75. This is a negative value and a sign of low solvency as VNA would need 22.75 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 22.75, VNA is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
VNA has a Debt/Equity ratio of 1.59. This is a high value indicating a heavy dependency on external financing.
VNA's Debt to Equity ratio of 1.59 is on the low side compared to the rest of the industry. VNA is outperformed by 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 22.75 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.57
WACC3.43%
2.3 Liquidity
VNA has a Current Ratio of 1.06. This is a normal value and indicates that VNA is financially healthy and should not expect problems in meeting its short term obligations.
VNA's Current ratio of 1.06 is in line compared to the rest of the industry. VNA outperforms 42.42% of its industry peers.
A Quick Ratio of 0.84 indicates that VNA may have some problems paying its short term obligations.
VNA has a Quick ratio (0.84) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
VNA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.44%.
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 very strong growth in Revenue. The Revenue has grown by 192.86%.
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)-14.44%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%17.14%
Revenue 1Y (TTM)192.86%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%70.47%
3.2 Future
VNA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.64% yearly.
Based on estimates for the next years, VNA will show a decrease in Revenue. The Revenue will decrease by -1.88% on average per year.
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year9.92%
Revenue Next 2Y6.85%
Revenue Next 3Y-4.34%
Revenue Next 5Y-1.88%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
A Price/Earnings ratio of 18.73 indicates a rather expensive valuation of VNA.
VNA's Price/Earnings ratio is a bit cheaper when compared to the industry. VNA is cheaper than 71.21% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.79, VNA is valued a bit cheaper.
With a Price/Forward Earnings ratio of 13.71, VNA is valued correctly.
Based on the Price/Forward Earnings ratio, VNA is valued a bit cheaper than 69.70% of the companies in the same industry.
VNA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 13.71 |
4.2 Price Multiples
62.12% of the companies in the same industry are more expensive than VNA, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, VNA is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.46 | ||
| EV/EBITDA | 26.03 |
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.
PEG (NY)0.51
PEG (5Y)0.89
EPS Next 2Y22.05%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.28%, VNA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.21, VNA pays a bit more dividend than its industry peers.
VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
5.2 History
The dividend of VNA decreases each year by -4.09%.
Dividend Growth(5Y)-4.09%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
The earnings of VNA are negative and hence is the payout ratio. VNA will probably not be able to sustain this dividend level.
DP-56.52%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
FRA:VNA (4/25/2025, 7:00:00 PM)
28.84
+0.05 (+0.17%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners61.38%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap23.73B
Analysts74
Price Target35.49 (23.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
Yearly Dividend0.31
Dividend Growth(5Y)-4.09%
DP-56.52%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-73.93%
Min EPS beat(2)-165.18%
Max EPS beat(2)17.33%
EPS beat(4)2
Avg EPS beat(4)-21.4%
Min EPS beat(4)-165.18%
Max EPS beat(4)75.76%
EPS beat(8)5
Avg EPS beat(8)-22.01%
EPS beat(12)7
Avg EPS beat(12)-17.13%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)55.79%
Min Revenue beat(2)54.12%
Max Revenue beat(2)57.46%
Revenue beat(4)4
Avg Revenue beat(4)54.97%
Min Revenue beat(4)52.4%
Max Revenue beat(4)57.46%
Revenue beat(8)6
Avg Revenue beat(8)-5.86%
Revenue beat(12)9
Avg Revenue beat(12)-0.26%
Revenue beat(16)13
Avg Revenue beat(16)78.53%
PT rev (1m)-5.98%
PT rev (3m)-4.26%
EPS NQ rev (1m)1.02%
EPS NQ rev (3m)-4.26%
EPS NY rev (1m)11.8%
EPS NY rev (3m)1.51%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)1.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 13.71 | ||
| P/S | 4.52 | ||
| P/FCF | 12.46 | ||
| P/OCF | 9.88 | ||
| P/B | 0.99 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 26.03 |
EPS(TTM)1.54
EY5.34%
EPS(NY)2.1
Fwd EY7.29%
FCF(TTM)2.31
FCFY8.03%
OCF(TTM)2.92
OCFY10.12%
SpS6.38
BVpS29.16
TBVpS27.43
PEG (NY)0.51
PEG (5Y)0.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.99% | ||
| ROE | -3.73% | ||
| ROCE | 2.79% | ||
| ROIC | 1.96% | ||
| ROICexc | 2.03% | ||
| ROICexgc | 2.06% | ||
| OM | 44.01% | ||
| PM (TTM) | N/A | ||
| GM | 66% | ||
| FCFM | 36.31% |
ROA(3y)-2.82%
ROA(5y)-0.23%
ROE(3y)-10.09%
ROE(5y)-2.01%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-34.19%
ROICexcg growth 5Y-23.39%
ROICexc growth 3Y-33.94%
ROICexc growth 5Y-23.22%
OM growth 3Y-19.16%
OM growth 5Y-10.9%
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 | 1.59 | ||
| Debt/FCF | 22.75 | ||
| Debt/EBITDA | 15.59 | ||
| Cap/Depr | 370.07% | ||
| Cap/Sales | 9.47% | ||
| Interest Coverage | 3.01 | ||
| Cash Conversion | 98.31% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.69 |
F-Score5
WACC3.43%
ROIC/WACC0.57
Cap/Depr(3y)180.71%
Cap/Depr(5y)169.46%
Cap/Sales(3y)9.3%
Cap/Sales(5y)6.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.44%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%17.14%
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)192.86%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%70.47%
Revenue Next Year9.92%
Revenue Next 2Y6.85%
Revenue Next 3Y-4.34%
Revenue Next 5Y-1.88%
EBIT growth 1Y126.69%
EBIT growth 3Y-37.45%
EBIT growth 5Y-16.42%
EBIT Next Year6.32%
EBIT Next 3Y6.55%
EBIT Next 5YN/A
FCF growth 1Y60.79%
FCF growth 3Y9.27%
FCF growth 5Y5.54%
OCF growth 1Y26.32%
OCF growth 3Y9.83%
OCF growth 5Y9.07%