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 71 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of VNA have multiple concerns. VNA has a correct valuation and a medium growth rate.
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.
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 has a Return On Assets (-0.78%) which is in line with its industry peers.
With a Return On Equity value of -2.87%, VNA perfoms like the industry average, outperforming 46.97% of the companies in the same industry.
VNA has a Return On Invested Capital of 2.01%. This is comparable to the rest of the industry: VNA outperforms 59.09% of its industry peers.
| 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)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 44.47%, VNA is in the better half of the industry, outperforming 69.70% of the companies in the same industry.
In the last couple of years the Operating Margin of VNA has declined.
VNA has a Gross Margin of 67.19%. This is in the better half of the industry: VNA outperforms 66.67% 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-19.21%
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.
Compared to 1 year ago, VNA has a worse debt to assets ratio.
2.2 Solvency
VNA has an Altman-Z score of 0.68. This is a bad value and indicates that VNA is not financially healthy and even has some risk of bankruptcy.
VNA has a Altman-Z score of 0.68. This is in the lower half of the industry: VNA underperforms 60.61% 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.
VNA has a Debt to FCF ratio (20.82) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.46 is on the high side and indicates that VNA has dependencies on debt financing.
VNA has a worse Debt to Equity ratio (1.46) than 74.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 20.82 | ||
| Altman-Z | 0.68 |
ROIC/WACC0.59
WACC3.41%
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.
The Current ratio of VNA (0.79) is worse than 65.15% 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.
The Quick ratio of VNA (0.61) is comparable to the rest of the industry.
| 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.
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.
The Revenue has grown by 342.83% in the past year. This is a very strong growth!
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)342.83%
Revenue growth 3Y-22.62%
Revenue growth 5Y-6.2%
Sales Q2Q%-0.81%
3.2 Future
Based on estimates for the next years, VNA will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.64% on average per year.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.79 indicates a rather expensive valuation of VNA.
Based on the Price/Earnings ratio, VNA is valued a bit cheaper than 68.18% of the companies in the same industry.
When comparing the Price/Earnings ratio of VNA to the average of the S&P500 Index (26.34), we can say VNA is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.14 indicates a correct valuation of VNA.
66.67% of the companies in the same industry are more expensive than VNA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of VNA to the average of the S&P500 Index (21.03), we can say VNA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.79 | ||
| Fwd PE | 13.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VNA is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VNA indicates a somewhat cheap valuation: VNA is cheaper than 69.70% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.05 | ||
| EV/EBITDA | 25.89 |
4.3 Compensation for Growth
VNA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.57
PEG (5Y)0.98
EPS Next 2Y22.05%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
VNA has a Yearly Dividend Yield of 4.10%, which is a nice return.
VNA's Dividend Yield is a higher than the industry average which is at 8.01.
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 | 4.1% |
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 (6/20/2025, 5:36:15 PM)
30.14
+0.35 (+1.17%)
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 Cap24.80B
Analysts75.17
Price Target35.14 (16.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
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)9
Avg Revenue beat(12)-3.67%
Revenue beat(16)13
Avg Revenue beat(16)79.13%
PT rev (1m)1.13%
PT rev (3m)-6.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.57%
EPS NY rev (1m)0%
EPS NY rev (3m)11.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.79 | ||
| Fwd PE | 13.14 | ||
| P/S | 4.72 | ||
| P/FCF | 12.05 | ||
| P/OCF | 9.59 | ||
| P/B | 1 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 25.89 |
EPS(TTM)1.45
EY4.81%
EPS(NY)2.29
Fwd EY7.61%
FCF(TTM)2.5
FCFY8.3%
OCF(TTM)3.14
OCFY10.43%
SpS6.39
BVpS30.1
TBVpS28.36
PEG (NY)0.57
PEG (5Y)0.98
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)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-34.23%
ROICexcg growth 5Y-23.42%
ROICexc growth 3Y-33.98%
ROICexc growth 5Y-23.25%
OM growth 3Y-19.21%
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 | 0.68 |
F-Score5
WACC3.41%
ROIC/WACC0.59
Cap/Depr(3y)180.71%
Cap/Depr(5y)169.46%
Cap/Sales(3y)9.3%
Cap/Sales(5y)6.97%
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)342.83%
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 1Y146.42%
EBIT growth 3Y-37.48%
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%