VONOVIA SE (VNA.DE) Stock Fundamental Analysis
FRA:VNA - Deutsche Boerse Ag - DE000A1ML7J1 - Common Stock - Currency: EUR
VNA gets a fundamental rating of 3 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
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 has a Return On Assets (-0.78%) which is in line with its industry peers.
VNA has a Return On Equity (-2.87%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 2.01%, VNA is in the better half of the industry, outperforming 60.56% of the companies in the same industry.
VNA had an Average Return On Invested Capital over the past 3 years of 1.79%. This is in line with the industry average of 3.57%.
The last Return On Invested Capital (2.01%) for VNA is above the 3 year average (1.79%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -2.87% | ||
| ROIC | 2.01% |
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 Operating Margin of 44.47%. This is in the better half of the industry: VNA outperforms 71.83% of its industry peers.
In the last couple of years the Operating Margin of VNA has declined.
The Gross Margin of VNA (67.19%) is better than 63.38% of its industry peers.
In the last couple of years the Gross Margin of VNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.47% | ||
| PM (TTM) | N/A | ||
| GM | 67.19% |
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
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.
The number of shares outstanding for VNA has been increased compared to 5 years ago.
Compared to 1 year ago, VNA has a worse debt to assets ratio.
2.2 Solvency
VNA has an Altman-Z score of 0.67. This is a bad value and indicates that VNA is not financially healthy and even has some risk of bankruptcy.
VNA's Altman-Z score of 0.67 is on the low side compared to the rest of the industry. VNA is outperformed by 67.61% of its industry peers.
VNA has a debt to FCF ratio of 20.82. This is a negative value and a sign of low solvency as VNA would need 20.82 years to pay back of all of its debts.
With a Debt to FCF ratio value of 20.82, VNA perfoms like the industry average, outperforming 57.75% of the companies in the same industry.
VNA has a Debt/Equity ratio of 1.46. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.46, VNA is not doing good in the industry: 78.87% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 20.82 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.6
WACC3.34%
2.3 Liquidity
A Current Ratio of 0.79 indicates that VNA may have some problems paying its short term obligations.
The Current ratio of VNA (0.79) is worse than 74.65% of its industry peers.
VNA has a Quick Ratio of 0.79. This is a bad value and indicates that VNA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of VNA (0.61) is worse than 67.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
VNA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.51%.
The Earnings Per Share has been growing by 21.13% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 4.87% in the past year.
VNA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.20% yearly.
EPS 1Y (TTM)-22.51%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-78.9%
Revenue 1Y (TTM)4.87%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-1.72%
3.2 Future
Based on estimates for the next years, VNA will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.64% 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 Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year6.45%
Revenue Next 2Y5.44%
Revenue Next 3Y5.19%
Revenue Next 5Y-1.88%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
VNA is valuated rather expensively with a Price/Earnings ratio of 22.87.
Based on the Price/Earnings ratio, VNA is valued a bit cheaper than 64.79% of the companies in the same industry.
VNA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.48, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.36, the valuation of VNA can be described as correct.
Based on the Price/Forward Earnings ratio, VNA is valued a bit cheaper than 73.24% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.04, VNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 12.36 |
4.2 Price Multiples
VNA's Enterprise Value to EBITDA is on the same level as the industry average.
71.83% of the companies in the same industry are more expensive than VNA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.52 | ||
| EV/EBITDA | 25.45 |
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.
PEG (NY)0.63
PEG (5Y)1.08
EPS Next 2Y22.05%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
VNA has a Yearly Dividend Yield of 4.47%, which is a nice return.
VNA's Dividend Yield is a higher than the industry average which is at 7.87.
VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-71.24%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
FRA:VNA (8/8/2025, 7:00:00 PM)
28.36
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners57.14%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap23.70B
Analysts75.71
Price Target35.19 (24.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
Yearly Dividend0.31
Dividend Growth(5Y)-4.09%
DP-71.24%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-55.51%
Min EPS beat(2)-165.18%
Max EPS beat(2)54.17%
EPS beat(4)3
Avg EPS beat(4)-4.48%
Min EPS beat(4)-165.18%
Max EPS beat(4)75.76%
EPS beat(8)5
Avg EPS beat(8)-19.03%
EPS beat(12)7
Avg EPS beat(12)-15.62%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)52.84%
Min Revenue beat(2)51.56%
Max Revenue beat(2)54.12%
Revenue beat(4)4
Avg Revenue beat(4)53.89%
Min Revenue beat(4)51.56%
Max Revenue beat(4)57.46%
Revenue beat(8)7
Avg Revenue beat(8)46.91%
Revenue beat(12)11
Avg Revenue beat(12)51.73%
Revenue beat(16)15
Avg Revenue beat(16)117.77%
PT rev (1m)0.13%
PT rev (3m)1.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.79%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1%
Revenue NY rev (1m)1.36%
Revenue NY rev (3m)1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 12.36 | ||
| P/S | 4.51 | ||
| P/FCF | 11.52 | ||
| P/OCF | 9.16 | ||
| P/B | 0.96 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 25.45 |
EPS(TTM)1.24
EY4.37%
EPS(NY)2.29
Fwd EY8.09%
FCF(TTM)2.46
FCFY8.68%
OCF(TTM)3.09
OCFY10.91%
SpS6.29
BVpS29.64
TBVpS27.93
PEG (NY)0.63
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -2.87% | ||
| ROCE | 2.86% | ||
| ROIC | 2.01% | ||
| ROICexc | 2.08% | ||
| ROICexgc | 2.12% | ||
| OM | 44.47% | ||
| PM (TTM) | N/A | ||
| GM | 67.19% | ||
| FCFM | 39.12% |
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%
ROICexcg growth 3Y-34.18%
ROICexcg 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 | 1.46 | ||
| Debt/FCF | 20.82 | ||
| Debt/EBITDA | 14.6 | ||
| Cap/Depr | 375.21% | ||
| Cap/Sales | 10.04% | ||
| Interest Coverage | 2.89 | ||
| Cash Conversion | 104.28% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 0.67 |
F-Score5
WACC3.34%
ROIC/WACC0.6
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)-22.51%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-78.9%
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)4.87%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-1.72%
Revenue Next Year6.45%
Revenue Next 2Y5.44%
Revenue Next 3Y5.19%
Revenue Next 5Y-1.88%
EBIT growth 1Y16.87%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year8.4%
EBIT Next 3Y6.61%
EBIT Next 5YN/A
FCF growth 1Y53.97%
FCF growth 3Y9.27%
FCF growth 5Y5.54%
OCF growth 1Y23.91%
OCF growth 3Y9.83%
OCF growth 5Y9.07%