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DWNI

Deutsche WohnenXTRA:DWNI Stock Report

Last Price

€34.50

Market Cap

€13.7b

7D

-3.1%

1Y

-18.2%

Updated

25 Jan, 2022

Data

Company Financials +
DWNI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends5/6

DWNI Stock Overview

Deutsche Wohnen SE develops and manages residential properties in Germany.

Deutsche Wohnen Competitors

Vonovia

XTRA:VNA

€36.9b

LEG Immobilien

XTRA:LEG

€8.2b

GSW Immobilien

DB:GIB

€6.3b

Aroundtown

XTRA:AT1

€6.0b

Price History & Performance

Summary of all time highs, changes and price drops for Deutsche Wohnen
Historical stock prices
Current Share Price€34.50
52 Week High€53.04
52 Week Low€34.05
Beta0.18
1 Month Change-7.46%
3 Month Change-30.86%
1 Year Change-18.21%
3 Year Change-21.22%
5 Year Change14.47%
Change since IPO-28.36%

Recent News & Updates

Jun 24
Does Deutsche Wohnen (ETR:DWNI) Have A Healthy Balance Sheet?

Does Deutsche Wohnen (ETR:DWNI) Have A Healthy Balance Sheet?

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

Shareholder Returns

DWNIDE Real EstateDE Market
7D-3.1%-2.5%-5.8%
1Y-18.2%-9.7%5.3%

Return vs Industry: DWNI underperformed the German Real Estate industry which returned -9.7% over the past year.

Return vs Market: DWNI underperformed the German Market which returned 5.3% over the past year.

Price Volatility

Is DWNI's price volatile compared to industry and market?
DWNI volatility
DWNI Average Weekly Movement4.0%
Real Estate Industry Average Movement3.9%
Market Average Movement5.0%
10% most volatile stocks in DE Market9.6%
10% least volatile stocks in DE Market2.6%

Stable Share Price: DWNI is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DWNI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19241,339Lars Urbanskyhttps://www.deutsche-wohnen.com

Deutsche Wohnen SE develops and manages residential properties in Germany. The company operates through four segments: Residential Property Management, Disposals, Nursing home operators, and Nursing Properties. Its property portfolio consists of approximately 160,000 residential and commercial units; nursing properties with approximately 10,580 beds; and apartments for assisted living.

Deutsche Wohnen Fundamentals Summary

How do Deutsche Wohnen's earnings and revenue compare to its market cap?
DWNI fundamental statistics
Market Cap€13.69b
Earnings (TTM)€1.97b
Revenue (TTM)€2.48b

6.9x

P/E Ratio

5.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DWNI income statement (TTM)
Revenue€2.48b
Cost of Revenue€1.56b
Gross Profit€923.10m
Expenses-€1.05b
Earnings€1.97b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 31, 2022

Earnings per share (EPS)4.98
Gross Margin37.22%
Net Profit Margin79.62%
Debt/Equity Ratio77.0%

How did DWNI perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is Deutsche Wohnen undervalued compared to its fair value and its price relative to the market?

6.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DWNI (€34.5) is trading above our estimate of fair value (€16.05)

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


Price To Earnings Ratio

PE vs Industry: DWNI is good value based on its PE Ratio (6.9x) compared to the German Real Estate industry average (13.6x).

PE vs Market: DWNI is good value based on its PE Ratio (6.9x) compared to the German market (20.3x).


Price to Earnings Growth Ratio

PEG Ratio: DWNI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DWNI is good value based on its PB Ratio (0.9x) compared to the DE Real Estate industry average (1.2x).


Future Growth

How is Deutsche Wohnen forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-20.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DWNI's earnings are forecast to decline over the next 3 years (-20.5% per year).

Earnings vs Market: DWNI's earnings are forecast to decline over the next 3 years (-20.5% per year).

High Growth Earnings: DWNI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DWNI's revenue is expected to decline over the next 3 years (-5.9% per year).

High Growth Revenue: DWNI's revenue is forecast to decline over the next 3 years (-5.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DWNI's Return on Equity is forecast to be low in 3 years time (6.3%).


Past Performance

How has Deutsche Wohnen performed over the past 5 years?

-0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWNI has a large one-off gain of €3.1B impacting its September 30 2021 financial results.

Growing Profit Margin: DWNI's current net profit margins (79.6%) are higher than last year (48.5%).


Past Earnings Growth Analysis

Earnings Trend: DWNI's earnings have declined by 0.2% per year over the past 5 years.

Accelerating Growth: DWNI's earnings growth over the past year (59%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: DWNI earnings growth over the past year (59%) exceeded the Real Estate industry 3.6%.


Return on Equity

High ROE: DWNI's Return on Equity (13.2%) is considered low.


Financial Health

How is Deutsche Wohnen's financial position?


Financial Position Analysis

Short Term Liabilities: DWNI's short term assets (€4.7B) do not cover its short term liabilities (€6.1B).

Long Term Liabilities: DWNI's short term assets (€4.7B) do not cover its long term liabilities (€11.9B).


Debt to Equity History and Analysis

Debt Level: DWNI's net debt to equity ratio (72.2%) is considered high.

Reducing Debt: DWNI's debt to equity ratio has reduced from 83.3% to 77% over the past 5 years.

Debt Coverage: DWNI's debt is not well covered by operating cash flow (4.6%).

Interest Coverage: DWNI's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Dividend

What is Deutsche Wohnen current dividend yield, its reliability and sustainability?

2.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DWNI's dividend (2.99%) is higher than the bottom 25% of dividend payers in the German market (1.08%).

High Dividend: DWNI's dividend (2.99%) is low compared to the top 25% of dividend payers in the German market (3.43%).


Stability and Growth of Payments

Stable Dividend: DWNI's dividends per share have been stable in the past 10 years.

Growing Dividend: DWNI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18%), DWNI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DWNI's dividends in 3 years are forecast to be covered by earnings (64.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

€736k

CEO Compensation


CEO

Lars Urbansky (45 yo)

2.75yrs

Tenure

€736,000

Compensation

Mr. Lars Urbansky, B.A., serves as Chairman of the Management Board at GSW Immobilien AG since October 1, 2019. He serves as Co- Chief Executive Officer at Deutsche Wohnen SE since January 2022. Mr. Urbans...


CEO Compensation Analysis

Compensation vs Market: Lars's total compensation ($USD830.23K) is below average for companies of similar size in the German market ($USD5.01M).

Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.5%.


Top Shareholders

Company Information

Deutsche Wohnen SE's employee growth, exchange listings and data sources


Key Information

  • Name: Deutsche Wohnen SE
  • Ticker: DWNI
  • Exchange: XTRA
  • Founded: 1924
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: €13.694b
  • Shares outstanding: 396.93m
  • Website: https://www.deutsche-wohnen.com

Number of Employees


Location

  • Deutsche Wohnen SE
  • Mecklenburgische Strasse 57
  • Berlin
  • Berlin
  • 14197
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 21:38
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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 here.