VONOVIA SE (VNA.DE) Fundamental Analysis & Valuation

FRA:VNA • DE000A1ML7J1

Current stock price

23.24 EUR
-0.16 (-0.68%)
Last:

This VNA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. VNA.DE Profitability Analysis

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.
VNA.DE Yearly Net Income VS EBIT VS OCF VS FCFVNA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • VNA has a Return On Assets of 3.99%. This is in the better half of the industry: VNA outperforms 79.10% of its industry peers.
  • The Return On Equity of VNA (13.55%) is better than 94.03% of its industry peers.
  • VNA's Return On Invested Capital of 1.69% is in line compared to the rest of the industry. VNA outperforms 49.25% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VNA is below the industry average of 4.20%.
Industry RankSector 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%
VNA.DE Yearly ROA, ROE, ROICVNA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • VNA has a better Profit Margin (73.56%) than 86.57% of its industry peers.
  • In the last couple of years the Profit Margin of VNA has grown nicely.
  • VNA's Operating Margin of 41.17% is fine compared to the rest of the industry. VNA outperforms 64.18% of its industry peers.
  • In the last couple of years the Operating Margin of VNA has declined.
  • The Gross Margin of VNA (71.21%) is better than 67.16% of its industry peers.
  • VNA's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
VNA.DE Yearly Profit, Operating, Gross MarginsVNA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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3

2. VNA.DE Health Analysis

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 better debt/assets ratio than last year.
VNA.DE Yearly Shares OutstandingVNA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
VNA.DE Yearly Total Debt VS Total AssetsVNA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • VNA has an Altman-Z score of 0.68. This is a bad value and indicates that VNA is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.68, VNA is in line with its industry, outperforming 44.78% of the companies in the same industry.
  • 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.
  • With a decent Debt to FCF ratio value of 20.62, VNA is doing good in the industry, outperforming 65.67% of the companies in the same industry.
  • A Debt/Equity ratio of 1.42 is on the high side and indicates that VNA has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.42, VNA is not doing good in the industry: 70.15% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 20.62
Altman-Z 0.68
ROIC/WACC0.51
WACC3.31%
VNA.DE Yearly LT Debt VS Equity VS FCFVNA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

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.
  • VNA has a Current ratio (1.07) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.77 indicates that VNA may have some problems paying its short term obligations.
  • The Quick ratio of VNA (0.77) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.77
VNA.DE Yearly Current Assets VS Current LiabilitesVNA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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4

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.
  • The earnings per share for VNA have been decreasing by -12.92% on average. This is quite bad
  • Looking at the last year, VNA shows a decrease in Revenue. The Revenue has decreased by -3.52% in the last year.
  • VNA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.57% yearly.
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

  • The Earnings Per Share is expected to grow by 3.37% on average over the next years.
  • 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.
VNA.DE Yearly Revenue VS EstimatesVNA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
VNA.DE Yearly EPS VS EstimatesVNA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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7

4. VNA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.10, the valuation of VNA can be described as correct.
  • Based on the Price/Earnings ratio, VNA is valued a bit cheaper than 67.16% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of VNA to the average of the S&P500 Index (27.53), we can say VNA is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.43, which indicates a very decent valuation of VNA.
  • VNA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VNA is cheaper than 77.61% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 37.95, VNA is valued rather cheaply.
Industry RankSector Rank
PE 12.1
Fwd PE 10.43
VNA.DE Price Earnings VS Forward Price EarningsVNA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • VNA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VNA is cheaper than 62.69% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, VNA is valued a bit cheaper than 71.64% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.39
EV/EBITDA 22.75
VNA.DE Per share dataVNA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y13.89%
EPS Next 3Y3.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. VNA.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.41%, VNA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.25, VNA pays a better dividend. On top of this VNA pays more dividend than 83.58% 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 RankSector Rank
Dividend Yield 5.41%

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
VNA.DE Yearly Dividends per shareVNA.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 17.38% of the earnings are spent on dividend by VNA. This is a low number and sustainable payout ratio.
DP17.38%
EPS Next 2Y13.89%
EPS Next 3Y3.37%
VNA.DE Yearly Income VS Free CF VS DividendVNA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B
VNA.DE Dividend Payout.VNA.DE Dividend Payout, showing the Payout Ratio.VNA.DE Dividend Payout.PayoutRetained Earnings

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VNA.DE Fundamentals: All Metrics, Ratios and Statistics

VONOVIA SE

FRA:VNA (4/16/2026, 7:00:00 PM)

23.24

-0.16 (-0.68%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)03-19
Earnings (Next)05-07
Inst Owners54.05%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap19.72B
Revenue(TTM)5.06B
Net Income(TTM)3.72B
Analysts75
Price Target32.84 (41.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.41%
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)-5.97%
EPS NQ rev (1m)-8.45%
EPS NQ rev (3m)-8.83%
EPS NY rev (1m)-10.84%
EPS NY rev (3m)-5%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)-5.23%
Revenue NY rev (3m)0.75%
Valuation
Industry RankSector Rank
PE 12.1
Fwd PE 10.43
P/S 3.9
P/FCF 9.39
P/OCF 8.05
P/B 0.72
P/tB 0.76
EV/EBITDA 22.75
EPS(TTM)1.92
EY8.26%
EPS(NY)2.23
Fwd EY9.58%
FCF(TTM)2.48
FCFY10.65%
OCF(TTM)2.89
OCFY12.42%
SpS5.97
BVpS32.37
TBVpS30.68
PEG (NY)0.76
PEG (5Y)N/A
Graham Number37.397 (60.92%)
Profitability
Industry RankSector 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 RankSector 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 0.68
F-Score6
WACC3.31%
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 3 / 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.