VONOVIA SE (VNA.DE) Stock Fundamental Analysis
FRA:VNA - Deutsche Boerse Ag - DE000A1ML7J1 - Common Stock - Currency: EUR
We assign a fundamental rating of 3 out of 10 to VNA. VNA was compared to 70 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of VNA have multiple concerns. VNA has a decent growth rate and is not valued too expensively.
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.
VNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VNA has a Return On Assets of -0.78%. This is comparable to the rest of the industry: VNA outperforms 47.14% of its industry peers.
VNA has a Return On Equity (-2.87%) which is in line with its industry peers.
VNA has a Return On Invested Capital of 2.01%. This is comparable to the rest of the industry: VNA outperforms 58.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -2.87% | ||
| ROIC | 2.01% |
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
VNA has a Operating Margin of 44.47%. This is in the better half of the industry: VNA outperforms 71.43% of its industry peers.
In the last couple of years the Operating Margin of VNA has declined.
The Gross Margin of VNA (67.19%) is better than 62.86% of its industry peers.
VNA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.47% | ||
| PM (TTM) | N/A | ||
| GM | 67.19% |
OM growth 3Y-19.21%
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VNA is destroying value.
The number of shares outstanding for VNA has been increased compared to 1 year ago.
VNA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, VNA has a worse debt to assets ratio.
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.
The Altman-Z score of VNA (0.67) is worse than 62.86% of its industry peers.
VNA has a debt to FCF ratio of 20.82. This is a negative value and a sign of low solvency as VNA would need 20.82 years to pay back of all of its debts.
VNA's Debt to FCF ratio of 20.82 is in line compared to the rest of the industry. VNA outperforms 58.57% of its industry peers.
A Debt/Equity ratio of 1.46 is on the high side and indicates that VNA has dependencies on debt financing.
With a Debt to Equity ratio value of 1.46, VNA is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 20.82 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.6
WACC3.37%
2.3 Liquidity
A Current Ratio of 0.79 indicates that VNA may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.79, VNA is doing worse than 70.00% of the companies in the same industry.
A Quick Ratio of 0.61 indicates that VNA may have some problems paying its short term obligations.
VNA's Quick ratio of 0.61 is on the low side compared to the rest of the industry. VNA is outperformed by 61.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
VNA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.32%.
Measured over the past years, VNA shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.13% on average per year.
VNA shows a strong growth in Revenue. In the last year, the Revenue has grown by 342.83%.
VNA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.20% yearly.
EPS 1Y (TTM)2.32%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-24.17%
Revenue 1Y (TTM)342.83%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-0.81%
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.
The Revenue is expected to decrease by -1.88% on average over the next years.
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year5.02%
Revenue Next 2Y4.49%
Revenue Next 3Y4.49%
Revenue Next 5Y-1.88%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
VNA is valuated rather expensively with a Price/Earnings ratio of 19.97.
Based on the Price/Earnings ratio, VNA is valued a bit cheaper than 71.43% of the companies in the same industry.
When comparing the Price/Earnings ratio of VNA to the average of the S&P500 Index (27.45), we can say VNA is valued slightly cheaper.
VNA is valuated correctly with a Price/Forward Earnings ratio of 12.62.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VNA indicates a somewhat cheap valuation: VNA is cheaper than 71.43% of the companies listed in the same industry.
VNA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.97 | ||
| Fwd PE | 12.62 |
4.2 Price Multiples
VNA's Enterprise Value to EBITDA ratio is in line with the industry average.
VNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VNA is cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.58 | ||
| EV/EBITDA | 25.63 |
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)0.55
PEG (5Y)0.94
EPS Next 2Y22.05%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.15%, VNA is a good candidate for dividend investing.
VNA's Dividend Yield is a higher than the industry average which is at 7.99.
Compared to an average S&P500 Dividend Yield of 2.38, VNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
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 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-71.24%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
FRA:VNA (7/4/2025, 7:00:00 PM)
28.95
-0.42 (-1.43%)
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 Cap23.82B
Analysts75.71
Price Target35.14 (21.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
Yearly Dividend0.31
Dividend Growth(5Y)-4.09%
DP-71.24%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-105.26%
Min EPS beat(2)-165.18%
Max EPS beat(2)-45.34%
EPS beat(4)2
Avg EPS beat(4)-29.36%
Min EPS beat(4)-165.18%
Max EPS beat(4)75.76%
EPS beat(8)4
Avg EPS beat(8)-31.46%
EPS beat(12)6
Avg EPS beat(12)-23.92%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)52.84%
Min Revenue beat(2)51.56%
Max Revenue beat(2)54.12%
Revenue beat(4)4
Avg Revenue beat(4)53.89%
Min Revenue beat(4)51.56%
Max Revenue beat(4)57.46%
Revenue beat(8)7
Avg Revenue beat(8)46.91%
Revenue beat(12)9
Avg Revenue beat(12)-3.67%
Revenue beat(16)13
Avg Revenue beat(16)79.13%
PT rev (1m)1.13%
PT rev (3m)-4.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.57%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.97 | ||
| Fwd PE | 12.62 | ||
| P/S | 4.53 | ||
| P/FCF | 11.58 | ||
| P/OCF | 9.21 | ||
| P/B | 0.96 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 25.63 |
EPS(TTM)1.45
EY5.01%
EPS(NY)2.29
Fwd EY7.92%
FCF(TTM)2.5
FCFY8.64%
OCF(TTM)3.14
OCFY10.86%
SpS6.39
BVpS30.1
TBVpS28.36
PEG (NY)0.55
PEG (5Y)0.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -2.87% | ||
| ROCE | 2.86% | ||
| ROIC | 2.01% | ||
| ROICexc | 2.08% | ||
| ROICexgc | 2.12% | ||
| OM | 44.47% | ||
| PM (TTM) | N/A | ||
| GM | 67.19% | ||
| FCFM | 39.12% |
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-34.23%
ROICexcg growth 5Y-23.42%
ROICexc growth 3Y-33.98%
ROICexc growth 5Y-23.25%
OM growth 3Y-19.21%
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 | 1.46 | ||
| Debt/FCF | 20.82 | ||
| Debt/EBITDA | 14.6 | ||
| Cap/Depr | 375.21% | ||
| Cap/Sales | 10.04% | ||
| Interest Coverage | 2.89 | ||
| Cash Conversion | 104.28% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 0.67 |
F-Score5
WACC3.37%
ROIC/WACC0.6
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)2.32%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-24.17%
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)342.83%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-0.81%
Revenue Next Year5.02%
Revenue Next 2Y4.49%
Revenue Next 3Y4.49%
Revenue Next 5Y-1.88%
EBIT growth 1Y146.42%
EBIT growth 3Y-37.48%
EBIT growth 5Y-16.45%
EBIT Next Year8.4%
EBIT Next 3Y6.61%
EBIT Next 5YN/A
FCF growth 1Y53.97%
FCF growth 3Y9.27%
FCF growth 5Y5.54%
OCF growth 1Y23.91%
OCF growth 3Y9.83%
OCF growth 5Y9.07%