VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - FRA:VNA - DE000A1ML7J1 - Common Stock
27.98 EUR
+0.5 (+1.82%)
VNA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 72 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VNA was profitable.
VNA had a positive operating cash flow in the past year.
In multiple years VNA reported negative net income over the last 5 years.
In the past 5 years VNA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.42%, VNA is in line with its industry, outperforming 47.22% of the companies in the same industry.
VNA has a Return On Equity (1.57%) which is in line with its industry peers.
The Return On Invested Capital of VNA (1.65%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for VNA is in line with the industry average of 3.65%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 1.57% | ||
| ROIC | 1.65% |
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 Profit Margin (7.23%) which is comparable to the rest of the industry.
VNA has a better Operating Margin (36.79%) than 66.67% of its industry peers.
VNA's Operating Margin has declined in the last couple of years.
VNA has a Gross Margin of 68.02%. This is comparable to the rest of the industry: VNA outperforms 59.72% of its industry peers.
In the last couple of years the Gross Margin of VNA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.79% | ||
| PM (TTM) | 7.23% | ||
| GM | 68.02% |
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 0.64, we must say that VNA is in the distress zone and has some risk of bankruptcy.
VNA has a Altman-Z score of 0.64. This is in the lower half of the industry: VNA underperforms 68.06% of its industry peers.
VNA has a debt to FCF ratio of 18.30. This is a negative value and a sign of low solvency as VNA would need 18.30 years to pay back of all of its debts.
With a Debt to FCF ratio value of 18.30, VNA perfoms like the industry average, outperforming 52.78% of the companies in the same industry.
A Debt/Equity ratio of 1.53 is on the high side and indicates that VNA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.53, VNA is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 18.3 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.49
WACC3.36%
2.3 Liquidity
A Current Ratio of 0.74 indicates that VNA may have some problems paying its short term obligations.
With a Current ratio value of 0.74, VNA is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
VNA has a Quick Ratio of 0.74. 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 Quick ratio (0.53) than 63.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The earnings per share for VNA have decreased by -4.38% in the last year.
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 grown by 11.99% in the past year. This is quite good.
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)-4.38%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-46.67%
Revenue 1Y (TTM)11.99%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%0.35%
3.2 Future
The Earnings Per Share is expected to grow by 16.97% on average over the next years. This is quite good.
VNA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.88% yearly.
EPS Next Y38.38%
EPS Next 2Y22.47%
EPS Next 3Y16.97%
EPS Next 5YN/A
Revenue Next Year6.42%
Revenue Next 2Y5.59%
Revenue Next 3Y5.25%
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.
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
With a Price/Earnings ratio of 18.29, VNA is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of VNA indicates a somewhat cheap valuation: VNA is cheaper than 65.28% of the companies listed in the same industry.
VNA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.34, which is the current average of the S&P500 Index.
VNA is valuated correctly with a Price/Forward Earnings ratio of 12.11.
Based on the Price/Forward Earnings ratio, VNA is valued a bit cheaper than 75.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. VNA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.29 | ||
| Fwd PE | 12.11 |
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 69.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.09 | ||
| EV/EBITDA | 26.51 |
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 16.97% in the coming years.
PEG (NY)0.48
PEG (5Y)0.87
EPS Next 2Y22.47%
EPS Next 3Y16.97%
5. Dividend
5.1 Amount
VNA has a Yearly Dividend Yield of 4.54%, which is a nice return.
VNA's Dividend Yield is a higher than the industry average which is at 7.57.
VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
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 170.72% of its income as dividend. This is not a sustainable payout ratio.
DP170.72%
EPS Next 2Y22.47%
EPS Next 3Y16.97%
FRA:VNA (10/14/2025, 10:37:18 AM)
27.98
+0.5 (+1.82%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners57.02%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap23.52B
Analysts72.86
Price Target35.4 (26.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
Yearly Dividend0.31
Dividend Growth(5Y)-4.09%
DP170.72%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.43%
Min EPS beat(2)0.69%
Max EPS beat(2)54.17%
EPS beat(4)3
Avg EPS beat(4)-23.25%
Min EPS beat(4)-165.18%
Max EPS beat(4)54.17%
EPS beat(8)5
Avg EPS beat(8)-22.64%
EPS beat(12)8
Avg EPS beat(12)-15.02%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)51.42%
Min Revenue beat(2)51.27%
Max Revenue beat(2)51.56%
Revenue beat(4)4
Avg Revenue beat(4)53.6%
Min Revenue beat(4)51.27%
Max Revenue beat(4)57.46%
Revenue beat(8)7
Avg Revenue beat(8)44.97%
Revenue beat(12)11
Avg Revenue beat(12)52.07%
Revenue beat(16)15
Avg Revenue beat(16)80.45%
PT rev (1m)-0.26%
PT rev (3m)0.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.02%
EPS NY rev (1m)-1.14%
EPS NY rev (3m)1.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.11%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.29 | ||
| Fwd PE | 12.11 | ||
| P/S | 4.48 | ||
| P/FCF | 10.09 | ||
| P/OCF | 8.21 | ||
| P/B | 0.97 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 26.51 |
EPS(TTM)1.53
EY5.47%
EPS(NY)2.31
Fwd EY8.26%
FCF(TTM)2.77
FCFY9.91%
OCF(TTM)3.41
OCFY12.17%
SpS6.24
BVpS28.77
TBVpS27.07
PEG (NY)0.48
PEG (5Y)0.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 1.57% | ||
| ROCE | 2.35% | ||
| ROIC | 1.65% | ||
| ROICexc | 1.7% | ||
| ROICexgc | 1.73% | ||
| OM | 36.79% | ||
| PM (TTM) | 7.23% | ||
| GM | 68.02% | ||
| FCFM | 44.45% |
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-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 18.3 | ||
| Debt/EBITDA | 15.54 | ||
| Cap/Depr | 117.79% | ||
| Cap/Sales | 10.14% | ||
| Interest Coverage | 2.24 | ||
| Cash Conversion | 120.25% | ||
| Profit Quality | 615.17% | ||
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 0.64 |
F-Score6
WACC3.36%
ROIC/WACC0.49
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)-4.38%
EPS 3YN/A
EPS 5Y21.13%
EPS Q2Q%-46.67%
EPS Next Y38.38%
EPS Next 2Y22.47%
EPS Next 3Y16.97%
EPS Next 5YN/A
Revenue 1Y (TTM)11.99%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%0.35%
Revenue Next Year6.42%
Revenue Next 2Y5.59%
Revenue Next 3Y5.25%
Revenue Next 5Y-1.88%
EBIT growth 1Y-17.4%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year11.04%
EBIT Next 3Y9.73%
EBIT Next 5YN/A
FCF growth 1Y92.2%
FCF growth 3Y9.27%
FCF growth 5Y5.54%
OCF growth 1Y46.41%
OCF growth 3Y9.83%
OCF growth 5Y9.07%