VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VNA - DE000A1ML7J1 - Common Stock
25.23 EUR
-0.22 (-0.86%)
VNA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on VNA. VNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year VNA was profitable.
- VNA had a positive operating cash flow in the past year.
- 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.
- The Return On Equity of VNA (10.73%) is better than 85.71% of its industry peers.
- With a Return On Invested Capital value of 1.71%, VNA perfoms like the industry average, outperforming 50.65% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for VNA is below the industry average of 3.99%.
| 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.
- The Operating Margin of VNA (39.09%) is better than 64.94% of its industry peers.
- VNA's Operating Margin has declined in the last couple of years.
- VNA has a better Gross Margin (68.51%) than 62.34% 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.
- Compared to 1 year ago, VNA has more shares outstanding
- 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 0.64, we must say that VNA is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.64, VNA is doing worse than 64.94% of the companies in the same industry.
- 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.
- The Debt to FCF ratio of VNA (21.28) is comparable to the rest of the industry.
- VNA has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of VNA (1.42) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 21.28 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.52
WACC3.26%
2.3 Liquidity
- A Current Ratio of 0.80 indicates that VNA may have some problems paying its short term obligations.
- VNA's Current ratio of 0.80 is on the low side compared to the rest of the industry. VNA is outperformed by 63.64% of its industry peers.
- 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.
- With a Quick ratio value of 0.57, VNA perfoms like the industry average, outperforming 42.86% 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.
- 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.
- VNA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.40%.
- 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
- 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.
- 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 6.71 indicates a rather cheap valuation of VNA.
- 92.21% of the companies in the same industry are more expensive than VNA, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of VNA to the average of the S&P500 Index (27.38), we can say VNA is valued rather cheaply.
- With a Price/Forward Earnings ratio of 10.76, the valuation of VNA can be described as very reasonable.
- 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.
- When comparing the Price/Forward Earnings ratio of VNA to the average of the S&P500 Index (24.29), we can say VNA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 10.76 |
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 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.58 | ||
| EV/EBITDA | 24.61 |
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.
- VNA's earnings are expected to grow with 17.39% in the coming years. This may justify a more expensive valuation.
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 4.16. VNA pays more dividend than 80.52% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.85, 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 (1/16/2026, 7:00:00 PM)
25.23
-0.22 (-0.86%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)03-17 2026-03-17/amc
Inst Owners55.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap21.40B
Revenue(TTM)5.20B
Net Income(TTM)2.80B
Analysts72.59
Price Target34.85 (38.13%)
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)-0.49%
PT rev (3m)-1.56%
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 | 6.71 | ||
| Fwd PE | 10.76 | ||
| P/S | 4.12 | ||
| P/FCF | 10.58 | ||
| P/OCF | 7.91 | ||
| P/B | 0.82 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 24.61 |
EPS(TTM)3.76
EY14.9%
EPS(NY)2.34
Fwd EY9.29%
FCF(TTM)2.39
FCFY9.45%
OCF(TTM)3.19
OCFY12.64%
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 | 0.64 |
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 6.71 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%.