Vonovia SE

BRSE:021644750 Stock Report

Market Cap: CHF 23.2b

Vonovia Valuation

Is 021644750 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 021644750 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 021644750 (CHF60.3) is trading above our estimate of fair value (CHF58.95)

Significantly Below Fair Value: 021644750 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 021644750?

Key metric: As 021644750 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 021644750. This is calculated by dividing 021644750's market cap by their current revenue.
What is 021644750's PS Ratio?
PS Ratio4.1x
Sales€6.22b
Market Cap€24.96b

Price to Sales Ratio vs Peers

How does 021644750's PS Ratio compare to its peers?

The above table shows the PS ratio for 021644750 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.9x
SPSN Swiss Prime Site
11.1x-7.5%CHF 7.4b
PSPN PSP Swiss Property
16.4x1.6%CHF 5.8b
MOBN Mobimo Holding
8.2x-13.5%CHF 2.1b
ISN Intershop Holding
12.1x4.1%CHF 1.1b
021644750 Vonovia
4.1x-12.3%CHF 25.0b

Price-To-Sales vs Peers: 021644750 is good value based on its Price-To-Sales Ratio (4.1x) compared to the peer average (11.9x).

Price to Sales Ratio vs Industry

How does 021644750's PS Ratio compare vs other companies in the CH Real Estate Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
ADMI Admicasa Holding
0.9xn/aUS$15.11m
ARON Arundel
0.2xn/aUS$1.61m
AHAN ACRON HELVETIA I Immobilien
0.4xn/aUS$381.73k
No more companies available in this PS range
021644750 4.1xIndustry Avg. 9.6xNo. of Companies6PS048121620+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 021644750 is good value based on its Price-To-Sales Ratio (4.1x) compared to the Swiss Real Estate industry average (9.5x).

Price to Sales Ratio vs Fair Ratio

What is 021644750's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

021644750 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio7.6x

Price-To-Sales vs Fair Ratio: 021644750 is good value based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (7.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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