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Vonovia SEXTRA:VNA Stock Report

Market Cap €17.1b
Share Price
€20.19
€32
36.9% undervalued intrinsic discount
1Y-30.9%
7D-5.8%
1D
Portfolio Value
View

Vonovia SE

XTRA:VNA Stock Report

Market Cap: €17.1b

VNA Community Fair Values

Create Narrative

See what 84 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

Top Community Narratives

€32
FV
36.9% undervalued intrinsic discount
17.77%
Revenue growth p.a.
130
users have viewed this narrative
4users have liked this narrative
1users have commented on this narrative
3users have followed this narrative

Vonovia SE Competitors

Price History & Performance

Summary of share price highs, lows and changes for Vonovia
Historical stock prices
Current Share Price€20.19
52 Week High€30.69
52 Week Low€20.09
Beta1.47
1 Month Change-9.22%
3 Month Change-19.14%
1 Year Change-30.88%
3 Year Change8.08%
5 Year Change-62.35%
Change since IPO15.04%

Recent News & Updates

Narrative Update May 13

VNA: Trimmed Price Outlook And Self Help Execution Will Shape Prospects

Analysts have trimmed Vonovia's average price target by €3.00. This now reflects recent downward revisions from Deutsche Bank and JPMorgan, partly offset by an upgrade to Equal Weight from Morgan Stanley, which highlights the new CEO's "self-help" potential and low AI risk.
Narrative Update Apr 22

VNA: Mixed Rating Shifts And Self Help Execution Will Shape Outlook

Vonovia's latest price target has edged lower by a few euros, as analysts weigh recent downward revisions in revenue expectations against a modestly stronger profit margin profile and slightly adjusted forward P/E assumptions. Analyst Commentary Recent Street research points to a mixed stance on Vonovia, with some support for the shares balanced by several cautious signals on valuation, execution and growth visibility.

Recent updates

Narrative Update May 13

VNA: Trimmed Price Outlook And Self Help Execution Will Shape Prospects

Analysts have trimmed Vonovia's average price target by €3.00. This now reflects recent downward revisions from Deutsche Bank and JPMorgan, partly offset by an upgrade to Equal Weight from Morgan Stanley, which highlights the new CEO's "self-help" potential and low AI risk.
Narrative Update Apr 22

VNA: Mixed Rating Shifts And Self Help Execution Will Shape Outlook

Vonovia's latest price target has edged lower by a few euros, as analysts weigh recent downward revisions in revenue expectations against a modestly stronger profit margin profile and slightly adjusted forward P/E assumptions. Analyst Commentary Recent Street research points to a mixed stance on Vonovia, with some support for the shares balanced by several cautious signals on valuation, execution and growth visibility.
Narrative Update Apr 07

VNA: Cautious Rating Shift And Dividend Outlook Will Shape Self Help Story

Analysts have trimmed Vonovia's fair value estimate by €1, from €24.0 to €23.0. This reflects updated assumptions on discount rates, revenue trends, margins and future P/E multiples following recent price target adjustments and an upgrade that highlights the company's "self-help" potential and low AI risk under the new CEO. Analyst Commentary Recent Street research points to a mixed but increasingly cautious tone around Vonovia, with several price target cuts framing the upgraded rating within tighter valuation assumptions.
Analysis Article Mar 27

Vonovia (ETR:VNA) Shareholders Should Be Cautious Despite Solid Earnings

Vonovia SE's ( ETR:VNA ) solid earnings report last week was underwhelming to investors. Our analysis has found some...
Analysis Article Jan 31

Vonovia (ETR:VNA) Use Of Debt Could Be Considered Risky

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jan 09

Is Now An Opportune Moment To Examine Vonovia SE (ETR:VNA)?

Let's talk about the popular Vonovia SE ( ETR:VNA ). The company's shares received a lot of attention from a...
Narrative Update Jan 07

VNA: Higher Margin Assumptions May Support Future Share Price Upside

Analysts have nudged their price target on Vonovia higher to €36.00 from €35.50, citing updated assumptions around margins and forward P/E as the main drivers of this change. Analyst Commentary Bullish Takeaways Bullish analysts view the raised €36.00 price target as confirmation that updated margin and P/E assumptions still support upside versus current trading levels.
Narrative Update Dec 21

VNA: Future Profitability And Cost Controls May Support Share Price Upside

Analysts have modestly increased their price target on Vonovia to EUR 36 from EUR 35.50, reflecting slightly upgraded expectations for profitability despite lower fair value estimates and softer revenue growth assumptions. Analyst Commentary Recent research updates indicate that bullish analysts see the modest price target increase as a signal of improving risk reward, even as fundamental assumptions are adjusted more cautiously.
Analysis Article Jul 26

Is Vonovia (ETR:VNA) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
User avatar
New Narrative Mar 30

Service Expansion And Photovoltaic Projects Will Secure Future Stability

Vonovia aims to boost non-rental EBITDA with less capital-intensive service expansion, enhancing earnings and ensuring stability.

Shareholder Returns

VNADE Real EstateDE Market
7D-5.8%-3.9%-1.5%
1Y-30.9%-21.8%-0.4%

Return vs Industry: VNA underperformed the German Real Estate industry which returned -21.8% over the past year.

Return vs Market: VNA underperformed the German Market which returned -0.4% over the past year.

Price Volatility

Is VNA's price volatile compared to industry and market?
VNA volatility
VNA Average Weekly Movement5.7%
Real Estate Industry Average Movement5.1%
Market Average Movement6.0%
10% most volatile stocks in DE Market12.9%
10% least volatile stocks in DE Market2.7%

Stable Share Price: VNA has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: VNA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199812,898Luka Mucicwww.vonovia.com

Vonovia SE operates as an integrated residential real estate company in Europe. The company operates through Rental, Value-Add, Recurring Sales, and Development segments. It offers property management services; property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, multimedia, energy supply, metering, condominium administration, and insurance services.

Vonovia SE Fundamentals Summary

How do Vonovia's earnings and revenue compare to its market cap?
VNA fundamental statistics
Market cap€17.13b
Earnings (TTM)€3.38b
Revenue (TTM)€5.94b
5.1x
P/E Ratio
2.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VNA income statement (TTM)
Revenue€5.94b
Cost of Revenue€2.37b
Gross Profit€3.57b
Other Expenses€189.70m
Earnings€3.38b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 05, 2026

Earnings per share (EPS)3.99
Gross Margin60.12%
Net Profit Margin56.92%
Debt/Equity Ratio127.1%

How did VNA perform over the long term?

See historical performance and comparison

Dividends

6.2%
Current Dividend Yield
31%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 15:35
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vonovia SE is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron GuyBarclays
Paul MayBarclays
Kai KloseBerenberg