VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VNA - DE000A1ML7J1 - Common Stock
24.45 EUR
+0.24 (+0.99%)
Taking everything into account, VNA scores 4 out of 10 in our fundamental rating. VNA was compared to 71 industry peers in the Real Estate Management & Development industry. VNA has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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
- 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.
- 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.
- VNA has a better Return On Equity (10.73%) than 83.10% of its industry peers.
- VNA's Return On Invested Capital of 1.71% is in line compared 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
- The Profit Margin of VNA (53.84%) is better than 80.28% of its industry peers.
- VNA has a better Operating Margin (39.09%) than 63.38% of its industry peers.
- In the last couple of years the Operating Margin of VNA has declined.
- Looking at the Gross Margin, with a value of 68.51%, VNA is in the better half of the industry, outperforming 60.56% of the companies in the same industry.
- 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.
- 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.
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 doing worse than 66.20% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 21.28, VNA is in line with its industry, outperforming 54.93% of the companies in the same industry.
- VNA has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
- VNA has a Debt to Equity ratio of 1.42. This is in the lower half of the industry: VNA underperforms 71.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 21.28 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.53
WACC3.25%
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.
- VNA has a Quick 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 Quick ratio of 0.57. This is comparable to the rest of the industry: VNA outperforms 45.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- VNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 154.05%, which is quite impressive.
- 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.
- The Revenue has been decreasing by -6.20% on average over the past years.
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
- The Earnings Per Share is expected to grow by 20.51% on average over the next years. This is a very strong growth
- 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.
- 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 cheaply with a Price/Earnings ratio of 6.50.
- Compared to the rest of the industry, the Price/Earnings ratio of VNA indicates a rather cheap valuation: VNA is cheaper than 92.96% of the companies listed in the same industry.
- VNA is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 9.83, which indicates a very decent valuation of VNA.
- Based on the Price/Forward Earnings ratio, VNA is valued cheaper than 83.10% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. VNA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.5 | ||
| Fwd PE | 9.83 |
4.2 Price Multiples
- VNA's Enterprise Value to EBITDA is on the same level as the industry average.
- VNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VNA is cheaper than 70.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.25 | ||
| EV/EBITDA | 24.26 |
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.
- A more expensive valuation may be justified as VNA's earnings are expected to grow with 20.51% in the coming years.
PEG (NY)0.14
PEG (5Y)0.31
EPS Next 2Y27.08%
EPS Next 3Y20.51%
5. Dividend
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 4.22, VNA pays a better dividend. On top of this VNA pays more dividend than 80.28% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, VNA pays a better dividend.
| 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 6.5 and the Price/Book (PB) ratio is 0.79.
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%.