VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VNA - DE000A1ML7J1 - Common Stock
24.83 EUR
+0.39 (+1.6%)
VNA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 71 industry peers in the Real Estate Management & Development industry. There are concerns on the financial health of VNA while its profitability can be described as average. VNA may be a bit undervalued, certainly considering the very reasonable score on growth Finally VNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- VNA had positive earnings in the past year.
- VNA had a positive operating cash flow in the past year.
- In multiple years VNA reported negative net income over the last 5 years.
- Each year in the past 5 years VNA had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of VNA (3.05%) is better than 69.01% of its industry peers.
- With an excellent Return On Equity value of 10.73%, VNA belongs to the best of the industry, outperforming 83.10% of the companies in the same industry.
- VNA has a Return On Invested Capital of 1.71%. This is comparable to the rest of the industry: VNA outperforms 49.30% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for VNA is below the industry average of 3.94%.
| 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 has a Profit Margin of 53.84%. This is amongst the best in the industry. VNA outperforms 80.28% 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 63.38% of the companies in the same industry.
- VNA's Operating Margin has declined in the last couple of years.
- The Gross Margin of VNA (68.51%) is better than 60.56% 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.
- The number of shares outstanding for VNA has been increased compared to 1 year ago.
- Compared to 5 years ago, VNA has more shares outstanding
- Compared to 1 year ago, VNA has a worse debt to assets ratio.
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.
- With a Altman-Z score value of 0.64, VNA is not doing good in the industry: 66.20% of the companies in the same industry are doing better.
- 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.
- With a Debt to FCF ratio value of 21.28, VNA perfoms like the industry average, outperforming 54.93% 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.
- Looking at the Debt to Equity ratio, with a value of 1.42, VNA is doing worse than 71.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 21.28 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.52
WACC3.29%
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.
- With a Current ratio value of 0.80, VNA is not doing good in the industry: 66.20% of the companies in the same industry are doing better.
- A Quick Ratio of 0.57 indicates that VNA may have some problems paying its short term obligations.
- With a Quick ratio value of 0.57, VNA perfoms like the industry average, outperforming 45.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 154.05% over the past year.
- 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.
- 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
- VNA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.51% yearly.
- VNA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.88% yearly.
EPS Next Y47.57%
EPS Next 2Y27.08%
EPS Next 3Y20.51%
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.
- 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
- Based on the Price/Earnings ratio of 6.60, the valuation of VNA can be described as very cheap.
- VNA's Price/Earnings ratio is rather cheap when compared to the industry. VNA is cheaper than 92.96% of the companies in the same industry.
- VNA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.39.
- Based on the Price/Forward Earnings ratio of 9.98, the valuation of VNA can be described as reasonable.
- VNA's Price/Forward Earnings ratio is rather cheap when compared to the industry. VNA is cheaper than 84.51% of the companies in the same industry.
- VNA is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.6 | ||
| Fwd PE | 9.98 |
4.2 Price Multiples
- VNA's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, VNA is valued a bit cheaper than the industry average as 70.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.41 | ||
| EV/EBITDA | 24.34 |
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's earnings are expected to grow with 20.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)0.31
EPS Next 2Y27.08%
EPS Next 3Y20.51%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 5.04%, VNA is a good candidate for dividend investing.
- VNA's Dividend Yield is rather good when compared to the industry average which is at 4.22. VNA pays more dividend than 80.28% of the companies in the same industry.
- VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector 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
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 2Y27.08%
EPS Next 3Y20.51%
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 8 / 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 6.6 and the Price/Book (PB) ratio is 0.81.
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%.