| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
VNA Stock Overview
Vonovia SE operates as an integrated residential real estate company in Europe.
Rewards
Risk Analysis
Vonovia Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €47.95 |
| 52 Week High | €60.96 |
| 52 Week Low | €46.28 |
| Beta | 0.43 |
| 1 Month Change | -1.94% |
| 3 Month Change | -11.79% |
| 1 Year Change | -14.37% |
| 3 Year Change | 12.45% |
| 5 Year Change | 57.81% |
| Change since IPO | 173.22% |
Recent News & Updates
Is Vonovia (ETR:VNA) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Vonovia (ETR:VNA) Has A Somewhat Strained Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Shareholder Returns
| VNA | DE Real Estate | DE Market | |
|---|---|---|---|
| 7D | 2.6% | 1.1% | -0.6% |
| 1Y | -14.4% | -7.1% | 12.1% |
Return vs Industry: VNA underperformed the German Real Estate industry which returned -7.1% over the past year.
Return vs Market: VNA underperformed the German Market which returned 12.1% over the past year.
Price Volatility
| VNA volatility | |
|---|---|
| VNA Average Weekly Movement | 3.1% |
| Real Estate Industry Average Movement | 4.0% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in DE Market | 9.8% |
| 10% least volatile stocks in DE Market | 2.6% |
Stable Share Price: VNA is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: VNA's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 16,051 | Rolf Buch | https://www.vonovia.de |
Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; apartments and property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.
Vonovia Fundamentals Summary
| VNA fundamental statistics | |
|---|---|
| Market Cap | €37.49b |
| Earnings (TTM) | €5.19b |
| Revenue (TTM) | €4.28b |
7.2x
P/E Ratio8.7x
P/S RatioIs VNA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VNA income statement (TTM) | |
|---|---|
| Revenue | €4.28b |
| Cost of Revenue | €1.73b |
| Gross Profit | €2.55b |
| Expenses | -€2.64b |
| Earnings | €5.19b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.69 |
| Gross Margin | 59.63% |
| Net Profit Margin | 121.38% |
| Debt/Equity Ratio | 160.4% |
How did VNA perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield19%
Payout RatioValuation
Is Vonovia undervalued compared to its fair value and its price relative to the market?
7.17x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VNA (€47.95) is trading above our estimate of fair value (€25.28)
Significantly Below Fair Value: VNA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VNA is good value based on its PE Ratio (7.2x) compared to the German Real Estate industry average (14.3x).
PE vs Market: VNA is good value based on its PE Ratio (7.2x) compared to the German market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: VNA is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: VNA is overvalued based on its PB Ratio (1.4x) compared to the DE Real Estate industry average (1.2x).
Future Growth
How is Vonovia forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
3.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VNA's forecast earnings growth (3.4% per year) is above the savings rate (-0.01%).
Earnings vs Market: VNA's earnings (3.4% per year) are forecast to grow slower than the German market (10.4% per year).
High Growth Earnings: VNA's earnings are forecast to grow, but not significantly.
Revenue vs Market: VNA's revenue (8.4% per year) is forecast to grow faster than the German market (5.6% per year).
High Growth Revenue: VNA's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VNA's Return on Equity is forecast to be low in 3 years time (9.6%).
Past Performance
How has Vonovia performed over the past 5 years?
11.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VNA has a large one-off gain of €7.0B impacting its September 30 2021 financial results.
Growing Profit Margin: VNA's current net profit margins are higher than last year (75%).
Past Earnings Growth Analysis
Earnings Trend: VNA's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: VNA's earnings growth over the past year (76.8%) exceeds its 5-year average (11.1% per year).
Earnings vs Industry: VNA earnings growth over the past year (76.8%) exceeded the Real Estate industry 3.6%.
Return on Equity
High ROE: VNA's Return on Equity (18.5%) is considered low.
Financial Health
How is Vonovia's financial position?
Financial Position Analysis
Short Term Liabilities: VNA's short term assets (€8.6B) do not cover its short term liabilities (€22.0B).
Long Term Liabilities: VNA's short term assets (€8.6B) do not cover its long term liabilities (€57.9B).
Debt to Equity History and Analysis
Debt Level: VNA's net debt to equity ratio (152.8%) is considered high.
Reducing Debt: VNA's debt to equity ratio has increased from 111.6% to 160.4% over the past 5 years.
Debt Coverage: VNA's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: VNA's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Dividend
What is Vonovia current dividend yield, its reliability and sustainability?
3.52%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VNA's dividend (3.52%) is higher than the bottom 25% of dividend payers in the German market (1.02%).
High Dividend: VNA's dividend (3.52%) is in the top 25% of dividend payers in the German market (3.34%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VNA has been paying a dividend for less than 10 years.
Growing Dividend: VNA's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.5%), VNA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VNA's dividends in 3 years are forecast to be covered by earnings (68.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Rolf Buch (56 yo)
8.75yrs
Tenure
€5,649,858
Compensation
Mr. Rolf Eberhard Buch has been Chairman of the Supervisory Board at BUWOG AG since May 04, 2018. Mr. Buch served as the Chairman of the Board at Hembla AB (publ) since November 15, 2019 until 2020 and ser...
CEO Compensation Analysis
Compensation vs Market: Rolf's total compensation ($USD6.45M) is about average for companies of similar size in the German market ($USD5.11M).
Compensation vs Earnings: Rolf's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: VNA's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: VNA's board of directors are considered experienced (7.3 years average tenure).
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 37.2%.
Top Shareholders
Company Information
Vonovia SE's employee growth, exchange listings and data sources
Key Information
- Name: Vonovia SE
- Ticker: VNA
- Exchange: XTRA
- Founded: 1998
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: €37.486b
- Shares outstanding: 776.60m
- Website: https://www.vonovia.de
Number of Employees
Location
- Vonovia SE
- Universitätsstrasse 133
- Bochum
- North Rhine-Westphalia
- 44803
- Germany
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 19:04 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.