(VNA) Vonovia SE - Ratings and Ratios
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE000A1ML7J1
Rental, Property, Management, Sales, Development
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.08% |
| Yield on Cost 5y | 2.75% |
| Yield CAGR 5y | -24.80% |
| Payout Consistency | 87.7% |
| Payout Ratio | 40.9% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 20.7% |
| Value at Risk 5%th | 29.8% |
| Relative Tail Risk | -12.65% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.64 |
| Alpha | -17.45 |
| CAGR/Max DD | 0.00 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.493 |
| Beta | -0.172 |
| Beta Downside | -0.398 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.47% |
| Mean DD | 14.39% |
| Median DD | 12.61% |
Description: VNA Vonovia SE December 19, 2025
Vonova SE is an integrated European residential real-estate firm that structures its business across four core segments – Rental, Value-Add, Recurring Sales, and Development – allowing it to generate cash flow from long-term leases while also capitalising on property upgrades and new-build projects.
The company’s service portfolio spans traditional property management (maintenance, modernisation, and condominium administration) and ancillary offerings such as cable TV, metering, energy supply, and insurance. Its “My Vonovia” mobile app centralises tenant requests, appointment scheduling, and document access, reflecting a broader industry push toward digital tenant engagement.
Key recent metrics (FY 2023) include a portfolio of roughly 425,000 apartments, an occupancy rate of 96 %, and net rent income of €4.9 billion – a 5 % YoY increase driven largely by rent-growth in Germany’s tight housing market. The business is sensitive to European interest-rate trends and regulatory rent-cap discussions, both of which can materially affect financing costs and pricing power.
For a data-driven deep-dive into Vonova’s valuation drivers and scenario analysis, the ValueRay platform provides a ready-made analytical view that can help you test assumptions and quantify risk.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (2.80b TTM) > 0 and > 6% of Revenue (6% = 371.5m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 1.20pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -26.24% (prev 33.73%; Δ -59.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 4.29b > Net Income 2.80b (YES >=105%, WARN >=100%) |
| Net Debt (41.51b) to EBITDA (1.75b) ratio: 23.67 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.80 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.68b) change vs 12m ago 104.5% (target <= -2.0% for YES) |
| Gross Margin 36.84% (prev 52.21%; Δ -15.37pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.77% (prev 6.63%; Δ 0.15pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.86 (EBITDA TTM 1.75b / Interest Expense TTM 709.2m) >= 6 (WARN >= 3) |
Altman Z'' 1.14
| (A) -0.02 = (Total Current Assets 6.51b - Total Current Liabilities 8.14b) / Total Assets 91.73b |
| (B) 0.24 = Retained Earnings (Balance) 22.30b / Total Assets 91.73b |
| (C) 0.01 = EBIT TTM 1.32b / Avg Total Assets 91.38b |
| (D) 0.35 = Book Value of Equity 23.14b / Total Liabilities 65.65b |
| Total Rating: 1.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 63.06
| 1. Piotroski 4.0pt |
| 2. FCF Yield 4.48% |
| 3. FCF Margin 43.68% |
| 4. Debt/Equity 1.66 |
| 5. Debt/Ebitda 23.67 |
| 6. ROIC - WACC (= -0.07)% |
| 7. RoE 11.30% |
| 8. Rev. Trend 57.55% |
| 9. EPS Trend 7.80% |
What is the price of VNA shares?
As of December 20, 2025, the stock is trading at EUR 24.00 with a total of 4,821,096 shares traded.
Over the past week, the price has changed by -0.83%, over one month by -7.87%, over three months by -8.40% and over the past year by -13.08%.
Over the past week, the price has changed by -0.83%, over one month by -7.87%, over three months by -8.40% and over the past year by -13.08%.
Is VNA a buy, sell or hold?
Vonovia SE has no consensus analysts rating.
What are the forecasts/targets for the VNA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.6 | 44% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 24.8 | 3.2% |
VNA Fundamental Data Overview December 19, 2025
Market Cap USD = 23.74b (20.22b EUR * 1.1742 EUR.USD)
Market Cap EUR = 20.22b (20.22b EUR * 1.0 EUR.EUR)
P/E Trailing = 7.4458
P/E Forward = 11.6279
P/S = 2.6924
P/B = 0.78
P/EG = 14.7462
Beta = 1.391
Revenue TTM = 6.19b EUR
EBIT TTM = 1.32b EUR
EBITDA TTM = 1.75b EUR
Long Term Debt = 36.42b EUR (from longTermDebt, last quarter)
Short Term Debt = 5.08b EUR (from shortTermDebt, last fiscal year)
Debt = 43.21b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 41.51b EUR (from netDebt column, last fiscal year)
Enterprise Value = 60.42b EUR (20.22b + Debt 43.21b - CCE 3.01b)
Interest Coverage Ratio = 1.86 (Ebit TTM 1.32b / Interest Expense TTM 709.2m)
FCF Yield = 4.48% (FCF TTM 2.70b / Enterprise Value 60.42b)
FCF Margin = 43.68% (FCF TTM 2.70b / Revenue TTM 6.19b)
Net Margin = 45.20% (Net Income TTM 2.80b / Revenue TTM 6.19b)
Gross Margin = 36.84% ((Revenue TTM 6.19b - Cost of Revenue TTM 3.91b) / Revenue TTM)
Gross Margin QoQ = 69.14% (prev 57.07%)
Tobins Q-Ratio = 0.66 (Enterprise Value 60.42b / Total Assets 91.73b)
Interest Expense / Debt = 0.03% (Interest Expense 13.1m / Debt 43.21b)
Taxrate = -433.8% (out of range, set to none) (-2.06b / 475.2m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.80 (Total Current Assets 6.51b / Total Current Liabilities 8.14b)
Debt / Equity = 1.66 (Debt 43.21b / totalStockholderEquity, last quarter 26.08b)
Debt / EBITDA = 23.67 (Net Debt 41.51b / EBITDA 1.75b)
Debt / FCF = 15.35 (Net Debt 41.51b / FCF TTM 2.70b)
Total Stockholder Equity = 24.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.05% (Net Income 2.80b / Total Assets 91.73b)
RoE = 11.30% (Net Income TTM 2.80b / Total Stockholder Equity 24.76b)
RoCE = 2.16% (EBIT 1.32b / Capital Employed (Equity 24.76b + L.T.Debt 36.42b))
RoIC = 1.64% (EBIT 1.32b / (Assets 91.73b - Curr.Liab 8.14b - Cash 3.01b))
WACC = 1.72% (E(20.22b)/V(63.43b) * Re(5.38%) + (debt cost/tax rate unavailable))
Discount Rate = 5.38% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 43.67%
[DCF Debug] Terminal Value 81.20% ; FCFE base≈2.26b ; Y1≈2.74b ; Y5≈4.50b
Fair Price DCF = 91.22 (DCF Value 76.69b / Shares Outstanding 840.7m; 5y FCF grow 22.74% → 3.0% )
EPS Correlation: 7.80 | EPS CAGR: 40.36% | SUE: 4.0 | # QB: 1
Revenue Correlation: 57.55 | Revenue CAGR: 2.33% | SUE: 0.64 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.49 | Chg30d=+0.025 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.98 | Chg30d=+0.005 | Revisions Net=+3 | Growth EPS=+6.1% | Growth Revenue=+3.1%
Market Cap EUR = 20.22b (20.22b EUR * 1.0 EUR.EUR)
P/E Trailing = 7.4458
P/E Forward = 11.6279
P/S = 2.6924
P/B = 0.78
P/EG = 14.7462
Beta = 1.391
Revenue TTM = 6.19b EUR
EBIT TTM = 1.32b EUR
EBITDA TTM = 1.75b EUR
Long Term Debt = 36.42b EUR (from longTermDebt, last quarter)
Short Term Debt = 5.08b EUR (from shortTermDebt, last fiscal year)
Debt = 43.21b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 41.51b EUR (from netDebt column, last fiscal year)
Enterprise Value = 60.42b EUR (20.22b + Debt 43.21b - CCE 3.01b)
Interest Coverage Ratio = 1.86 (Ebit TTM 1.32b / Interest Expense TTM 709.2m)
FCF Yield = 4.48% (FCF TTM 2.70b / Enterprise Value 60.42b)
FCF Margin = 43.68% (FCF TTM 2.70b / Revenue TTM 6.19b)
Net Margin = 45.20% (Net Income TTM 2.80b / Revenue TTM 6.19b)
Gross Margin = 36.84% ((Revenue TTM 6.19b - Cost of Revenue TTM 3.91b) / Revenue TTM)
Gross Margin QoQ = 69.14% (prev 57.07%)
Tobins Q-Ratio = 0.66 (Enterprise Value 60.42b / Total Assets 91.73b)
Interest Expense / Debt = 0.03% (Interest Expense 13.1m / Debt 43.21b)
Taxrate = -433.8% (out of range, set to none) (-2.06b / 475.2m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.80 (Total Current Assets 6.51b / Total Current Liabilities 8.14b)
Debt / Equity = 1.66 (Debt 43.21b / totalStockholderEquity, last quarter 26.08b)
Debt / EBITDA = 23.67 (Net Debt 41.51b / EBITDA 1.75b)
Debt / FCF = 15.35 (Net Debt 41.51b / FCF TTM 2.70b)
Total Stockholder Equity = 24.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.05% (Net Income 2.80b / Total Assets 91.73b)
RoE = 11.30% (Net Income TTM 2.80b / Total Stockholder Equity 24.76b)
RoCE = 2.16% (EBIT 1.32b / Capital Employed (Equity 24.76b + L.T.Debt 36.42b))
RoIC = 1.64% (EBIT 1.32b / (Assets 91.73b - Curr.Liab 8.14b - Cash 3.01b))
WACC = 1.72% (E(20.22b)/V(63.43b) * Re(5.38%) + (debt cost/tax rate unavailable))
Discount Rate = 5.38% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 43.67%
[DCF Debug] Terminal Value 81.20% ; FCFE base≈2.26b ; Y1≈2.74b ; Y5≈4.50b
Fair Price DCF = 91.22 (DCF Value 76.69b / Shares Outstanding 840.7m; 5y FCF grow 22.74% → 3.0% )
EPS Correlation: 7.80 | EPS CAGR: 40.36% | SUE: 4.0 | # QB: 1
Revenue Correlation: 57.55 | Revenue CAGR: 2.33% | SUE: 0.64 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.49 | Chg30d=+0.025 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.98 | Chg30d=+0.005 | Revisions Net=+3 | Growth EPS=+6.1% | Growth Revenue=+3.1%