Vonovia SE operates as an integrated residential real estate company.
+ 2 more risks
Second-rate dividend payer with imperfect balance sheet.
Share Price & News
How has Vonovia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VONO.Y's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: Insufficient data to determine how VONO.Y performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how VONO.Y performed against the US Market.
Price Volatility Vs. Market
How volatile is Vonovia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Vonovia undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VONO.Y ($30.05) is trading above our estimate of fair value ($11.56)
Significantly Below Fair Value: VONO.Y is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VONO.Y is poor value based on its PE Ratio (24.7x) compared to the Real Estate industry average (15.5x).
PE vs Market: VONO.Y is poor value based on its PE Ratio (24.7x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: VONO.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: VONO.Y is overvalued based on its PB Ratio (1.4x) compared to the US Real Estate industry average (1.1x).
How is Vonovia forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VONO.Y's earnings are forecast to decline over the next 3 years (-10.9% per year).
Earnings vs Market: VONO.Y's earnings are forecast to decline over the next 3 years (-10.9% per year).
High Growth Earnings: VONO.Y's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VONO.Y's revenue (0.2% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: VONO.Y's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VONO.Y's Return on Equity is forecast to be low in 3 years time (7.4%).
How has Vonovia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VONO.Y has a large one-off gain of €2.0B impacting its March 31 2020 financial results.
Growing Profit Margin: VONO.Y's current net profit margins (31.1%) are lower than last year (54.8%).
Past Earnings Growth Analysis
Earnings Trend: VONO.Y's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: VONO.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VONO.Y had negative earnings growth (-50.1%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).
Return on Equity
High ROE: VONO.Y's Return on Equity (6.2%) is considered low.
How is Vonovia's financial position?
Financial Position Analysis
Short Term Liabilities: VONO.Y's short term assets (€1.4B) do not cover its short term liabilities (€3.1B).
Long Term Liabilities: VONO.Y's short term assets (€1.4B) do not cover its long term liabilities (€32.2B).
Debt to Equity History and Analysis
Debt Level: VONO.Y's debt to equity ratio (111.1%) is considered high.
Reducing Debt: VONO.Y's debt to equity ratio has reduced from 143.8% to 111.1% over the past 5 years.
Debt Coverage: VONO.Y's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: VONO.Y's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Vonovia's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VONO.Y's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: VONO.Y's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (4.39%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VONO.Y has been paying a dividend for less than 10 years.
Growing Dividend: VONO.Y's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.3%), VONO.Y's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VONO.Y's dividends in 3 years are forecast to be covered by earnings (69.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rolf Buch (54yo)
Mr. Rolf Eberhard Buch has been Chairman of the Supervisory Board at BUWOG AG since May 04, 2018. Mr. Buch hsa been the Chairman of the Board at Hembla AB (publ) since November 15, 2019. Mr. Buch has been ...
CEO Compensation Analysis
Compensation vs Market: Rolf's total compensation ($USD5.49M) is below average for companies of similar size in the US market ($USD11.58M).
Compensation vs Earnings: Rolf's compensation has been consistent with company performance over the past year.
|Chairman of the Management Board & CEO||7.17yrs||€4.88m||no data|
|CFO & Member of Management Board||2.08yrs||€2.44m||no data|
|Chief Development Officer & Member of Management Board||2.08yrs||€2.10m||no data|
|Chief Rental Officer & Member of Management Board||1.08yrs||€1.69m||no data|
|Head of Investor Relations||4.42yrs||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|no data||no data||no data|
Experienced Management: VONO.Y's management team is considered experienced (2.1 years average tenure).
|Independent Chairman of Supervisory Board||2.08yrs||€260.00k||no data|
|Independent Supervisory Board Member||11.83yrs||€120.00k||no data|
|Independent Supervisory Board Member||5.5yrs||€140.00k||no data|
|Independent Deputy Chairman of the Supervisory Board||2.08yrs||€230.00k||no data|
|Independent Supervisory Board Member||5.83yrs||€140.00k||no data|
|Independent Supervisory Board Member||4.58yrs||€120.00k||no data|
|Independent Supervisory Board Member||5.83yrs||€120.00k||no data|
|Independent Supervisory Board Member||5yrs||€120.00k||no data|
|Independent Supervisory Board Member||7yrs||€120.00k||no data|
|Independent Supervisory Board Member||7yrs||€160.00k||no data|
Experienced Board: VONO.Y's board of directors are considered experienced (5.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vonovia SE's company bio, employee growth, exchange listings and data sources
- Name: Vonovia SE
- Ticker: VONO.Y
- Exchange: OTCPK
- Founded: 1998
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €28.708b
- Listing Market Cap: €32.242b
- Shares outstanding: 542.27m
- Website: https://www.vonovia.de
Number of Employees
- Vonovia SE
- Universitätsstrasse 133
- North Rhine-Westphalia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|0QFT||LSE (London Stock Exchange)||NAMENS AKTIEN||GB||EUR||No data|
|VNA||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Jul 2013|
|VNA||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Jul 2013|
|VNNV.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Jul 2013|
|0QFT||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Jul 2013|
|VNA||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Jul 2013|
|94567408||BDL (Bourse de Luxembourg)||Yes||Registered Shares||LU||EUR||Jul 2013|
|VNA||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Jul 2013|
|VNA||BIT (Borsa Italiana)||Yes||Registered Shares||IT||EUR||Jul 2013|
|VONO.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2015|
|VNAA||DB (Deutsche Boerse AG)||ADR||DE||EUR||Oct 2015|
Vonovia SE operates as an integrated residential real estate company. 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, electricity and gas supply, and insurances services. It also engages in the sale of individual condominiums and single-family houses; and project development activities. As of December 31, 2019, the company had 416,236 residential units; 138,176 garages and parking spaces; and 6,748 commercial units, as well as managed 78,691 residential units for other owners in Germany, Austria, and Sweden. The company was formerly known as Deutsche Annington Immobilien SE and changed its name to Vonovia SE in August 2015. Vonovia SE was founded in 1998 and is headquartered in Bochum, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 04:48|
|End of Day Share Price||2020/06/03 00:00|
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.