VONOVIA SE (VNA.DE) Stock Fundamental Analysis
Europe - FRA:VNA - DE000A1ML7J1 - Common Stock
26.42 EUR
-0.09 (-0.34%)
We assign a fundamental rating of 3 out of 10 to VNA. VNA was compared to 67 industry peers in the Real Estate Management & Development industry. VNA may be in some trouble as it scores bad on both profitability and health. VNA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year VNA was profitable.
In the past year VNA had a positive cash flow from operations.
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
VNA has a Return On Assets (0.42%) which is comparable to the rest of the industry.
VNA has a Return On Equity of 1.57%. This is comparable to the rest of the industry: VNA outperforms 50.75% of its industry peers.
The Return On Invested Capital of VNA (1.65%) is comparable to the rest of the industry.
VNA had an Average Return On Invested Capital over the past 3 years of 1.79%. This is below the industry average of 3.80%.
| 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
With a Profit Margin value of 7.23%, VNA perfoms like the industry average, outperforming 58.21% of the companies in the same industry.
VNA has a better Operating Margin (36.79%) than 65.67% of its industry peers.
In the last couple of years the Operating Margin of VNA has declined.
Looking at the Gross Margin, with a value of 68.02%, VNA is in line with its industry, outperforming 59.70% of the companies in the same industry.
VNA's Gross Margin has declined in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VNA is destroying value.
The number of shares outstanding for VNA has been increased compared to 1 year ago.
The number of shares outstanding for VNA has been increased compared to 5 years ago.
The debt/assets ratio for VNA is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.63, we must say that VNA is in the distress zone and has some risk of bankruptcy.
VNA's Altman-Z score of 0.63 is on the low side compared to the rest of the industry. VNA is outperformed by 62.69% of its industry peers.
The Debt to FCF ratio of VNA is 18.30, which is on the high side as it means it would take VNA, 18.30 years of fcf income to pay off all of its debts.
VNA has a Debt to FCF ratio (18.30) which is in line with its industry peers.
A Debt/Equity ratio of 1.53 is on the high side and indicates that VNA has dependencies on debt financing.
VNA's Debt to Equity ratio of 1.53 is on the low side compared to the rest of the industry. VNA is outperformed by 79.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 18.3 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.5
WACC3.29%
2.3 Liquidity
A Current Ratio of 0.74 indicates that VNA may have some problems paying its short term obligations.
VNA has a worse Current ratio (0.74) than 71.64% of its industry peers.
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.
The Quick ratio of VNA (0.53) is worse than 64.18% 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.
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 11.99%.
The Revenue has been decreasing by -6.20% on average over the past years.
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 17.63% on average over the next years. This is quite good.
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 Y39.99%
EPS Next 2Y23.58%
EPS Next 3Y17.63%
EPS Next 5YN/A
Revenue Next Year2.16%
Revenue Next 2Y4.71%
Revenue Next 3Y4.56%
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
A Price/Earnings ratio of 17.27 indicates a rather expensive valuation of VNA.
Based on the Price/Earnings ratio, VNA is valued a bit cheaper than the industry average as 67.16% of the companies are valued more expensively.
VNA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.43, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.23, which indicates a very decent valuation of VNA.
76.12% of the companies in the same industry are more expensive than VNA, based on the Price/Forward Earnings ratio.
VNA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.27 | ||
| Fwd PE | 11.23 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as VNA.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VNA indicates a somewhat cheap valuation: VNA is cheaper than 68.66% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.47 | ||
| EV/EBITDA | 26.11 |
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 17.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)0.82
EPS Next 2Y23.58%
EPS Next 3Y17.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.67%, VNA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.97, VNA pays a bit more dividend than its industry peers.
VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
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 2Y23.58%
EPS Next 3Y17.63%
FRA:VNA (9/12/2025, 5:36:15 PM)
26.42
-0.09 (-0.34%)
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 Cap22.08B
Analysts72.86
Price Target35.5 (34.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
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)0.87%
PT rev (3m)1.06%
EPS NQ rev (1m)2.02%
EPS NQ rev (3m)0.3%
EPS NY rev (1m)2.52%
EPS NY rev (3m)2.52%
Revenue NQ rev (1m)-4.11%
Revenue NQ rev (3m)-1.76%
Revenue NY rev (1m)-4.03%
Revenue NY rev (3m)-2.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.27 | ||
| Fwd PE | 11.23 | ||
| P/S | 4.21 | ||
| P/FCF | 9.47 | ||
| P/OCF | 7.71 | ||
| P/B | 0.91 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 26.11 |
EPS(TTM)1.53
EY5.79%
EPS(NY)2.35
Fwd EY8.9%
FCF(TTM)2.79
FCFY10.56%
OCF(TTM)3.43
OCFY12.97%
SpS6.28
BVpS28.95
TBVpS27.23
PEG (NY)0.43
PEG (5Y)0.82
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 | 0.63 |
F-Score6
WACC3.29%
ROIC/WACC0.5
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 Y39.99%
EPS Next 2Y23.58%
EPS Next 3Y17.63%
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 Year2.16%
Revenue Next 2Y4.71%
Revenue Next 3Y4.56%
Revenue Next 5Y-1.88%
EBIT growth 1Y-17.4%
EBIT growth 3Y-37.44%
EBIT growth 5Y-16.45%
EBIT Next Year8.4%
EBIT Next 3Y6.61%
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%