VONOVIA SE (VNA.DE) Stock Fundamental Analysis
FRA:VNA - Deutsche Boerse Ag - DE000A1ML7J1 - Common Stock - Currency: EUR
Taking everything into account, VNA scores 3 out of 10 in our fundamental rating. VNA was compared to 73 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 has a correct valuation and a medium growth rate.
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.
VNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VNA has a Return On Assets (-0.78%) which is comparable to the rest of the industry.
The Return On Equity of VNA (-2.87%) is comparable to the rest of the industry.
VNA has a better Return On Invested Capital (2.01%) than 60.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VNA is in line with the industry average of 3.73%.
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
Looking at the Operating Margin, with a value of 44.47%, VNA is in the better half of the industry, outperforming 72.60% of the companies in the same industry.
In the last couple of years the Operating Margin of VNA has declined.
The Gross Margin of VNA (67.19%) is better than 64.38% 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
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.
VNA has more shares outstanding than it did 5 years ago.
VNA has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.67, we must say that VNA is in the distress zone and 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 63.01% 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.
Looking at the Debt to FCF ratio, with a value of 20.82, VNA is in line with its industry, outperforming 58.90% of the companies in the same industry.
A Debt/Equity ratio of 1.46 is on the high side and indicates that VNA has dependencies on debt financing.
With a Debt to Equity ratio value of 1.46, VNA is not doing good in the industry: 78.08% 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
WACC3.36%
2.3 Liquidity
VNA has a Current 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.
VNA has a worse Current ratio (0.79) than 71.23% 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.
With a Quick ratio value of 0.61, VNA is not doing good in the industry: 63.01% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.32% 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.
VNA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.00%.
Measured over the past years, VNA shows a decrease in Revenue. The Revenue has been decreasing by -6.20% on average per year.
EPS 1Y (TTM)2.32%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-24.17%
Revenue 1Y (TTM)11%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-0.81%
3.2 Future
The Earnings Per Share is expected to grow by 11.64% on average over the next years. This is quite good.
The Revenue is expected to decrease by -1.88% on average over the next years.
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year5.02%
Revenue Next 2Y4.49%
Revenue Next 3Y4.49%
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
A Price/Earnings ratio of 19.48 indicates a rather expensive valuation of VNA.
Compared to the rest of the industry, the Price/Earnings ratio of VNA indicates a somewhat cheap valuation: VNA is cheaper than 71.23% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. VNA is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 12.31 indicates a correct valuation of VNA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VNA indicates a somewhat cheap valuation: VNA is cheaper than 73.97% of the companies listed in the same industry.
VNA is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.33, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.48 | ||
| Fwd PE | 12.31 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as VNA.
VNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VNA is cheaper than 71.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.47 | ||
| EV/EBITDA | 25.44 |
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)0.53
PEG (5Y)0.92
EPS Next 2Y22.05%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.26%, VNA is a good candidate for dividend investing.
VNA's Dividend Yield is a higher than the industry average which is at 7.85.
Compared to an average S&P500 Dividend Yield of 2.35, VNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
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
The earnings of VNA are negative and hence is the payout ratio. VNA will probably not be able to sustain this dividend level.
DP-71.24%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
FRA:VNA (7/15/2025, 7:00:00 PM)
28.24
-0.11 (-0.39%)
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 Cap23.60B
Analysts75.71
Price Target35.14 (24.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
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)0
Avg EPS beat(2)-105.26%
Min EPS beat(2)-165.18%
Max EPS beat(2)-45.34%
EPS beat(4)2
Avg EPS beat(4)-29.36%
Min EPS beat(4)-165.18%
Max EPS beat(4)75.76%
EPS beat(8)4
Avg EPS beat(8)-31.46%
EPS beat(12)6
Avg EPS beat(12)-23.92%
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)0.05%
PT rev (3m)-0.98%
EPS NQ rev (1m)-10.52%
EPS NQ rev (3m)-8.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.18%
Revenue NQ rev (1m)-0.83%
Revenue NQ rev (3m)-1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.48 | ||
| Fwd PE | 12.31 | ||
| P/S | 4.49 | ||
| P/FCF | 11.47 | ||
| P/OCF | 9.13 | ||
| P/B | 0.95 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 25.44 |
EPS(TTM)1.45
EY5.13%
EPS(NY)2.29
Fwd EY8.12%
FCF(TTM)2.46
FCFY8.72%
OCF(TTM)3.09
OCFY10.96%
SpS6.29
BVpS29.64
TBVpS27.93
PEG (NY)0.53
PEG (5Y)0.92
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
WACC3.36%
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)2.32%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-24.17%
EPS Next Y36.55%
EPS Next 2Y22.05%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)11%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-0.81%
Revenue Next Year5.02%
Revenue Next 2Y4.49%
Revenue Next 3Y4.49%
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%