VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VNA - DE000A1ML7J1 - Common Stock
25.33 EUR
-0.16 (-0.63%)
We assign a fundamental rating of 4 out of 10 to VNA. VNA was compared to 77 industry peers in the Real Estate Management & Development industry. While VNA is still in line with the averages on profitability rating, there are concerns on its financial health. VNA may be a bit undervalued, certainly considering the very reasonable score on growth VNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
VNA had positive earnings in the past year.
In the past year VNA had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: VNA reported negative net income in multiple years.
Each year in the past 5 years VNA had a positive operating cash flow.
1.2 Ratios
VNA's Return On Assets of 3.05% is fine compared to the rest of the industry. VNA outperforms 71.43% of its industry peers.
With an excellent Return On Equity value of 10.73%, VNA belongs to the best of the industry, outperforming 85.71% 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 50.65% of its industry peers.
VNA had an Average Return On Invested Capital over the past 3 years of 1.79%. This is below the industry average of 4.21%.
| 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
Looking at the Profit Margin, with a value of 53.84%, VNA belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
With a decent Operating Margin value of 39.09%, VNA is doing good in the industry, outperforming 64.94% of the companies in the same industry.
VNA's Operating Margin has declined in the last couple of years.
VNA's Gross Margin of 68.51% is fine compared to the rest of the industry. VNA outperforms 62.34% of its industry peers.
In the last couple of years the Gross Margin of VNA has declined.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VNA is destroying value.
VNA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, VNA has more shares outstanding
The debt/assets ratio for VNA is higher compared to a year ago.
2.2 Solvency
VNA has an Altman-Z score of 0.65. This is a bad value and indicates that VNA is not financially healthy and even has some risk of bankruptcy.
VNA has a worse Altman-Z score (0.65) than 64.94% of its industry peers.
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.
VNA has a Debt to FCF ratio (21.28) which is in line with its industry peers.
VNA has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
VNA has a worse Debt to Equity ratio (1.42) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 21.28 | ||
| Altman-Z | 0.65 |
ROIC/WACC0.52
WACC3.26%
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 worse Current ratio (0.80) than 63.64% 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 of 0.57. This is comparable to the rest of the industry: VNA outperforms 42.86% of its industry peers.
| 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.
The Revenue has grown by 10.40% in the past year. This is quite good.
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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.39% yearly.
VNA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.88% yearly.
EPS Next Y47.24%
EPS Next 2Y23.39%
EPS Next 3Y17.39%
EPS Next 5YN/A
Revenue Next Year8.18%
Revenue Next 2Y4.9%
Revenue Next 3Y4.69%
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.
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
Based on the Price/Earnings ratio of 6.74, the valuation of VNA can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of VNA indicates a rather cheap valuation: VNA is cheaper than 92.21% of the companies listed in the same industry.
VNA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.19.
A Price/Forward Earnings ratio of 10.80 indicates a reasonable valuation of VNA.
VNA's Price/Forward Earnings ratio is rather cheap when compared to the industry. VNA is cheaper than 80.52% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, VNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 10.8 |
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 71.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.62 | ||
| EV/EBITDA | 24.64 |
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.
A more expensive valuation may be justified as VNA's earnings are expected to grow with 17.39% in the coming years.
PEG (NY)0.14
PEG (5Y)0.32
EPS Next 2Y23.39%
EPS Next 3Y17.39%
5. Dividend
5.1 Amount
VNA has a Yearly Dividend Yield of 4.79%, which is a nice return.
VNA's Dividend Yield is rather good when compared to the industry average which is at 4.02. VNA pays more dividend than 80.52% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, VNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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 pays out 23.13% of its income as dividend. This is a sustainable payout ratio.
DP23.13%
EPS Next 2Y23.39%
EPS Next 3Y17.39%
FRA:VNA (1/9/2026, 7:00:00 PM)
25.33
-0.16 (-0.63%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners55.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap21.48B
Revenue(TTM)5.20B
Net Income(TTM)2.80B
Analysts72.59
Price Target34.93 (37.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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)-0.26%
PT rev (3m)-1.34%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)0.64%
EPS NY rev (1m)4.68%
EPS NY rev (3m)6.4%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)5.54%
Revenue NY rev (3m)1.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 10.8 | ||
| P/S | 4.13 | ||
| P/FCF | 10.62 | ||
| P/OCF | 7.94 | ||
| P/B | 0.82 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 24.64 |
EPS(TTM)3.76
EY14.84%
EPS(NY)2.34
Fwd EY9.26%
FCF(TTM)2.39
FCFY9.42%
OCF(TTM)3.19
OCFY12.59%
SpS6.13
BVpS30.76
TBVpS29.06
PEG (NY)0.14
PEG (5Y)0.32
Graham Number51.01
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.65 |
F-Score5
WACC3.26%
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 Y47.24%
EPS Next 2Y23.39%
EPS Next 3Y17.39%
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 Year8.18%
Revenue Next 2Y4.9%
Revenue Next 3Y4.69%
Revenue Next 5Y-1.88%
EBIT growth 1Y-12.88%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year11.08%
EBIT Next 3Y7.83%
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 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 6.74 and the Price/Book (PB) ratio is 0.82.
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%.