VONOVIA SE (VNA.DE) Fundamental Analysis & Valuation

FRA:VNA • DE000A1ML7J1

Current stock price

21.56 EUR
-0.09 (-0.42%)
Last:

This VNA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. VNA.DE Profitability Analysis

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.
VNA.DE Yearly Net Income VS EBIT VS OCF VS FCFVNA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • VNA has a Return On Assets of 3.99%. This is amongst the best in the industry. VNA outperforms 83.58% of its industry peers.
  • VNA's Return On Equity of 13.55% is amongst the best of the industry. VNA outperforms 94.03% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.69%, VNA is in line with its industry, outperforming 53.73% of the companies in the same industry.
  • VNA had an Average Return On Invested Capital over the past 3 years of 1.80%. This is below the industry average of 4.02%.
Industry RankSector Rank
ROA 3.99%
ROE 13.55%
ROIC 1.69%
ROA(3y)-1.28%
ROA(5y)-0.47%
ROE(3y)-4.88%
ROE(5y)-1.97%
ROIC(3y)1.8%
ROIC(5y)2.78%
VNA.DE Yearly ROA, ROE, ROICVNA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • VNA has a better Profit Margin (73.56%) than 89.55% of its industry peers.
  • In the last couple of years the Profit Margin of VNA has grown nicely.
  • Looking at the Operating Margin, with a value of 41.17%, VNA is in the better half of the industry, outperforming 67.16% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VNA has declined.
  • Looking at the Gross Margin, with a value of 71.21%, VNA is in the better half of the industry, outperforming 65.67% of the companies in the same industry.
  • In the last couple of years the Gross Margin of VNA has declined.
Industry RankSector Rank
OM 41.17%
PM (TTM) 73.56%
GM 71.21%
OM growth 3Y-2.1%
OM growth 5Y-11.85%
PM growth 3YN/A
PM growth 5Y10.13%
GM growth 3Y2.75%
GM growth 5Y-4.2%
VNA.DE Yearly Profit, Operating, Gross MarginsVNA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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3

2. VNA.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VNA is destroying value.
  • Compared to 1 year ago, VNA has more shares outstanding
  • VNA has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for VNA has been reduced compared to a year ago.
VNA.DE Yearly Shares OutstandingVNA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
VNA.DE Yearly Total Debt VS Total AssetsVNA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • Based on the Altman-Z score of 0.66, we must say that VNA is in the distress zone and has some risk of bankruptcy.
  • VNA has a Altman-Z score of 0.66. This is comparable to the rest of the industry: VNA outperforms 46.27% of its industry peers.
  • The Debt to FCF ratio of VNA is 20.62, which is on the high side as it means it would take VNA, 20.62 years of fcf income to pay off all of its debts.
  • VNA's Debt to FCF ratio of 20.62 is fine compared to the rest of the industry. VNA outperforms 64.18% of its industry peers.
  • VNA has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.42, VNA is not doing good in the industry: 70.15% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 20.62
Altman-Z 0.66
ROIC/WACC0.53
WACC3.21%
VNA.DE Yearly LT Debt VS Equity VS FCFVNA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.3 Liquidity

  • VNA has a Current Ratio of 1.07. This is a normal value and indicates that VNA is financially healthy and should not expect problems in meeting its short term obligations.
  • VNA's Current ratio of 1.07 is in line compared to the rest of the industry. VNA outperforms 49.25% of its industry peers.
  • A Quick Ratio of 0.77 indicates that VNA may have some problems paying its short term obligations.
  • VNA has a Quick ratio (0.77) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.77
VNA.DE Yearly Current Assets VS Current LiabilitesVNA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. VNA.DE Growth Analysis

3.1 Past

  • VNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.68%, which is quite impressive.
  • The earnings per share for VNA have been decreasing by -12.92% on average. This is quite bad
  • VNA shows a decrease in Revenue. In the last year, the revenue decreased by -3.52%.
  • Measured over the past years, VNA shows a decrease in Revenue. The Revenue has been decreasing by -6.57% on average per year.
EPS 1Y (TTM)24.68%
EPS 3Y-4.58%
EPS 5Y-12.92%
EPS Q2Q%-634.48%
Revenue 1Y (TTM)-3.52%
Revenue growth 3Y-0.64%
Revenue growth 5Y-6.57%
Sales Q2Q%-9.21%

3.2 Future

  • Based on estimates for the next years, VNA will show a very strong growth in Earnings Per Share. The EPS will grow by 20.81% on average per year.
  • Based on estimates for the next years, VNA will show a decrease in Revenue. The Revenue will decrease by -6.06% on average per year.
EPS Next Y30.12%
EPS Next 2Y20.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.64%
Revenue Next 2Y5.07%
Revenue Next 3Y-6.06%
Revenue Next 5YN/A

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 accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
VNA.DE Yearly Revenue VS EstimatesVNA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
VNA.DE Yearly EPS VS EstimatesVNA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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8

4. VNA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • VNA is valuated reasonably with a Price/Earnings ratio of 11.23.
  • 74.63% of the companies in the same industry are more expensive than VNA, based on the Price/Earnings ratio.
  • VNA is valuated cheaply when we compare the Price/Earnings ratio to 25.35, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 8.63, 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 83.58% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.61, VNA is valued rather cheaply.
Industry RankSector Rank
PE 11.23
Fwd PE 8.63
VNA.DE Price Earnings VS Forward Price EarningsVNA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • VNA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VNA is cheaper than 61.19% of the companies in the same industry.
  • 74.63% of the companies in the same industry are more expensive than VNA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.71
EV/EBITDA 22.18
VNA.DE Per share dataVNA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • The decent profitability rating of VNA may justify a higher PE ratio.
  • A more expensive valuation may be justified as VNA's earnings are expected to grow with 20.81% in the coming years.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y20.81%
EPS Next 3YN/A

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6

5. VNA.DE Dividend Analysis

5.1 Amount

  • VNA has a Yearly Dividend Yield of 5.04%, which is a nice return.
  • VNA's Dividend Yield is a higher than the industry average which is at 4.53.
  • VNA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.04%

5.2 History

  • The dividend of VNA decreases each year by -3.16%.
Dividend Growth(5Y)-3.16%
Div Incr Years1
Div Non Decr Years2
VNA.DE Yearly Dividends per shareVNA.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 17.38% of the earnings are spent on dividend by VNA. This is a low number and sustainable payout ratio.
DP17.38%
EPS Next 2Y20.81%
EPS Next 3YN/A
VNA.DE Yearly Income VS Free CF VS DividendVNA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B
VNA.DE Dividend Payout.VNA.DE Dividend Payout, showing the Payout Ratio.VNA.DE Dividend Payout.PayoutRetained Earnings

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VNA.DE Fundamentals: All Metrics, Ratios and Statistics

VONOVIA SE

FRA:VNA (3/31/2026, 7:00:00 PM)

21.56

-0.09 (-0.42%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)03-19
Earnings (Next)05-07
Inst Owners54.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap18.29B
Revenue(TTM)5.06B
Net Income(TTM)3.72B
Analysts75.71
Price Target33.04 (53.25%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.04%
Yearly Dividend0.39
Dividend Growth(5Y)-3.16%
DP17.38%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-50.35%
Min EPS beat(2)-549.66%
Max EPS beat(2)448.97%
EPS beat(4)3
Avg EPS beat(4)-11.46%
Min EPS beat(4)-549.66%
Max EPS beat(4)448.97%
EPS beat(8)5
Avg EPS beat(8)-16.43%
EPS beat(12)8
Avg EPS beat(12)-18.5%
EPS beat(16)10
Avg EPS beat(16)-15.71%
Revenue beat(2)2
Avg Revenue beat(2)44.32%
Min Revenue beat(2)37%
Max Revenue beat(2)51.65%
Revenue beat(4)4
Avg Revenue beat(4)47.87%
Min Revenue beat(4)37%
Max Revenue beat(4)51.65%
Revenue beat(8)8
Avg Revenue beat(8)51.42%
Revenue beat(12)11
Avg Revenue beat(12)48.4%
Revenue beat(16)15
Avg Revenue beat(16)50.41%
PT rev (1m)-3.65%
PT rev (3m)-5.42%
EPS NQ rev (1m)-8.83%
EPS NQ rev (3m)-8.83%
EPS NY rev (1m)0.45%
EPS NY rev (3m)6.55%
Revenue NQ rev (1m)0.42%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)3.23%
Revenue NY rev (3m)6.31%
Valuation
Industry RankSector Rank
PE 11.23
Fwd PE 8.63
P/S 3.61
P/FCF 8.71
P/OCF 7.47
P/B 0.67
P/tB 0.7
EV/EBITDA 22.18
EPS(TTM)1.92
EY8.91%
EPS(NY)2.5
Fwd EY11.59%
FCF(TTM)2.48
FCFY11.48%
OCF(TTM)2.89
OCFY13.39%
SpS5.97
BVpS32.38
TBVpS30.69
PEG (NY)0.37
PEG (5Y)N/A
Graham Number37.4
Profitability
Industry RankSector Rank
ROA 3.99%
ROE 13.55%
ROCE 2.4%
ROIC 1.69%
ROICexc 1.76%
ROICexgc 1.79%
OM 41.17%
PM (TTM) 73.56%
GM 71.21%
FCFM 41.5%
ROA(3y)-1.28%
ROA(5y)-0.47%
ROE(3y)-4.88%
ROE(5y)-1.97%
ROIC(3y)1.8%
ROIC(5y)2.78%
ROICexc(3y)1.86%
ROICexc(5y)2.86%
ROICexgc(3y)1.89%
ROICexgc(5y)2.92%
ROCE(3y)2.56%
ROCE(5y)3.95%
ROICexgc growth 3Y1.28%
ROICexgc growth 5Y-23.26%
ROICexc growth 3Y1.29%
ROICexc growth 5Y-23.11%
OM growth 3Y-2.1%
OM growth 5Y-11.85%
PM growth 3YN/A
PM growth 5Y10.13%
GM growth 3Y2.75%
GM growth 5Y-4.2%
F-Score6
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 20.62
Debt/EBITDA 14.99
Cap/Depr 67.66%
Cap/Sales 6.87%
Interest Coverage 2.41
Cash Conversion 94.24%
Profit Quality 56.42%
Current Ratio 1.07
Quick Ratio 0.77
Altman-Z 0.66
F-Score6
WACC3.21%
ROIC/WACC0.53
Cap/Depr(3y)197.32%
Cap/Depr(5y)123.99%
Cap/Sales(3y)10.23%
Cap/Sales(5y)7.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.68%
EPS 3Y-4.58%
EPS 5Y-12.92%
EPS Q2Q%-634.48%
EPS Next Y30.12%
EPS Next 2Y20.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.52%
Revenue growth 3Y-0.64%
Revenue growth 5Y-6.57%
Sales Q2Q%-9.21%
Revenue Next Year4.64%
Revenue Next 2Y5.07%
Revenue Next 3Y-6.06%
Revenue Next 5YN/A
EBIT growth 1Y-9.74%
EBIT growth 3Y-2.73%
EBIT growth 5Y-17.65%
EBIT Next Year-6.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y10.28%
FCF growth 3Y4.21%
FCF growth 5Y12.64%
OCF growth 1Y1.94%
OCF growth 3Y5.51%
OCF growth 5Y11.35%

VONOVIA SE / VNA.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of VONOVIA SE (VNA.DE) stock?

ChartMill assigns a fundamental rating of 5 / 10 to VNA.DE.


What is the valuation status of VONOVIA SE (VNA.DE) stock?

ChartMill assigns a valuation rating of 8 / 10 to VONOVIA SE (VNA.DE). This can be considered as Undervalued.


Can you provide the profitability details for VONOVIA SE?

VONOVIA SE (VNA.DE) has a profitability rating of 6 / 10.


What is the financial health of VONOVIA SE (VNA.DE) stock?

The financial health rating of VONOVIA SE (VNA.DE) is 3 / 10.


What is the earnings growth outlook for VONOVIA SE?

The Earnings per Share (EPS) of VONOVIA SE (VNA.DE) is expected to grow by 30.12% in the next year.