VONOVIA SE (VNA.DE) Fundamental Analysis & Valuation

FRA:VNA • DE000A1ML7J1

Current stock price

24.74 EUR
+0.08 (+0.32%)
Last:

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

5

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.
  • 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 0 5B -5B

1.2 Ratios

  • VNA has a better Return On Assets (3.05%) than 70.15% of its industry peers.
  • VNA has a better Return On Equity (10.73%) than 85.07% of its industry peers.
  • The Return On Invested Capital of VNA (1.71%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VNA is below the industry average of 3.92%.
Industry RankSector 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%
VNA.DE Yearly ROA, ROE, ROICVNA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • VNA has a better Profit Margin (53.84%) than 80.60% of its industry peers.
  • VNA has a better Operating Margin (39.09%) than 62.69% of its industry peers.
  • VNA's Operating Margin has declined in the last couple of years.
  • VNA has a Gross Margin of 68.51%. This is comparable to the rest of the industry: VNA outperforms 59.70% of its industry peers.
  • VNA's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

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.
  • Compared to 1 year ago, VNA has more shares outstanding
  • Compared to 5 years ago, VNA has more shares outstanding
  • Compared to 1 year ago, VNA has a worse debt to assets ratio.
VNA.DE Yearly Shares OutstandingVNA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 20B 40B 60B 80B 100B

2.2 Solvency

  • VNA has an Altman-Z score of 0.64. 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 0.64, VNA is in line with its industry, outperforming 41.79% of the companies in the same industry.
  • The Debt to FCF ratio of VNA is 21.28, which is on the high side as it means it would take VNA, 21.28 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 21.28, VNA is in the better half of the industry, outperforming 61.19% 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.
  • VNA's Debt to Equity ratio of 1.42 is on the low side compared to the rest of the industry. VNA is outperformed by 68.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 21.28
Altman-Z 0.64
ROIC/WACC0.52
WACC3.27%
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 10B 20B 30B 40B

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.
  • VNA has a Current ratio of 0.80. This is in the lower half of the industry: VNA underperforms 65.67% of its industry peers.
  • A Quick Ratio of 0.57 indicates that VNA may have some problems paying its short term obligations.
  • VNA has a Quick ratio (0.57) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.57
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 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. VNA.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 154.05% over the past year.
  • 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.
  • Looking at the last year, VNA shows a quite strong growth in Revenue. The Revenue has grown by 10.40% in the last year.
  • VNA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.20% yearly.
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 very strong growth in Earnings Per Share. The EPS will grow by 22.08% on average per year.
  • 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 Y45.75%
EPS Next 2Y27.37%
EPS Next 3Y22.08%
EPS Next 5YN/A
Revenue Next Year11.79%
Revenue Next 2Y8.16%
Revenue Next 3Y7.27%
Revenue Next 5Y-1.88%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 1 2 3

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7

4. VNA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.58, which indicates a rather cheap valuation of VNA.
  • VNA's Price/Earnings ratio is rather cheap when compared to the industry. VNA is cheaper than 86.57% of the companies in the same industry.
  • VNA is valuated cheaply when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • VNA is valuated reasonably with a Price/Forward Earnings ratio of 9.90.
  • 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.
  • VNA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
Industry RankSector Rank
PE 6.58
Fwd PE 9.9
VNA.DE Price Earnings VS Forward Price EarningsVNA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VNA.
  • 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 10.37
EV/EBITDA 24.41
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VNA's earnings are expected to grow with 22.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)0.31
EPS Next 2Y27.37%
EPS Next 3Y22.08%

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

6

5. VNA.DE Dividend Analysis

5.1 Amount

  • VNA has a Yearly Dividend Yield of 5.04%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.53, VNA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, VNA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.04%

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

5.3 Sustainability

  • 23.13% of the earnings are spent on dividend by VNA. This is a low number and sustainable payout ratio.
DP23.13%
EPS Next 2Y27.37%
EPS Next 3Y22.08%
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 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 (3/17/2026, 5:36:15 PM)

24.74

+0.08 (+0.32%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-05
Earnings (Next)03-19
Inst Owners54.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap20.99B
Revenue(TTM)5.20B
Net Income(TTM)2.80B
Analysts75.71
Price Target34.29 (38.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.04%
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%
PT rev (3m)-2.1%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)-0.53%
EPS NY rev (1m)-1.23%
EPS NY rev (3m)3.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.01%
Revenue NY rev (1m)3.34%
Revenue NY rev (3m)9.06%
Valuation
Industry RankSector Rank
PE 6.58
Fwd PE 9.9
P/S 4.04
P/FCF 10.37
P/OCF 7.76
P/B 0.8
P/tB 0.85
EV/EBITDA 24.41
EPS(TTM)3.76
EY15.2%
EPS(NY)2.5
Fwd EY10.1%
FCF(TTM)2.38
FCFY9.64%
OCF(TTM)3.19
OCFY12.89%
SpS6.13
BVpS30.75
TBVpS29.06
PEG (NY)0.14
PEG (5Y)0.31
Graham Number51
Profitability
Industry RankSector 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 RankSector 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 0.64
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 Y45.75%
EPS Next 2Y27.37%
EPS Next 3Y22.08%
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 Year11.79%
Revenue Next 2Y8.16%
Revenue Next 3Y7.27%
Revenue Next 5Y-1.88%
EBIT growth 1Y-12.88%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year10.8%
EBIT Next 3Y7.58%
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 Fundamental Analysis 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 6.58 and the Price/Book (PB) ratio is 0.8.


How sustainable is the dividend of VONOVIA SE (VNA.DE) stock?

The dividend rating of VONOVIA SE (VNA.DE) is 6 / 10 and the dividend payout ratio is 23.13%.