(VNA) Vonovia SE - Ratings and Ratios
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE000A1ML7J1
Rental Properties, Property Management, Condominium Sales, Project Development, Value-Added Services
VNA EPS (Earnings per Share)
VNA Revenue
Description: VNA Vonovia SE October 16, 2025
Vonova SE is a pan-European residential real-estate operator that segments its activities into Rental, Value-Add, Recurring Sales, and Development. It generates revenue from property-management and ancillary services-such as maintenance, modernization, energy supply, and insurance-and from the sale of condominiums, single-family houses, and development projects. The company also offers a tenant-facing mobile app, My Vonova, to streamline service requests and document access.
As of FY 2023, Vonova managed roughly 530 k apartments across Germany, Austria, Sweden and Norway, with an occupancy rate consistently above 97 % and net rent growth of about 5 % YoY, driven by a tight rental market and limited new-construction supply. Its adjusted EBITDA margin hovered near 50 %, while net debt stood at roughly €55 bn, giving a debt-to-EBITDA leverage of ~ 4.5×-a level that makes the firm sensitive to rising interest rates, a key macro driver for the European REIT sector. Demographic trends, especially urbanisation and an ageing population, continue to underpin demand for rental housing, reinforcing Vonova’s growth outlook.
For a data-rich, independent assessment of Vonova’s valuation dynamics, you may find it useful to explore the company’s profile on ValueRay.
VNA Stock Overview
| Market Cap in USD | 25,540m |
| Sub-Industry | Real Estate Operating Companies |
| IPO / Inception |
VNA Stock Ratings
| Growth Rating | -10.7% |
| Fundamental | 60.2% |
| Dividend Rating | 10.2% |
| Return 12m vs S&P 500 | -26.3% |
| Analyst Rating | - |
VNA Dividends
| Dividend Yield 12m | 4.80% |
| Yield on Cost 5y | 2.67% |
| Annual Growth 5y | -24.80% |
| Payout Consistency | 91.4% |
| Payout Ratio | 6.7% |
VNA Growth Ratios
| Growth Correlation 3m | -41.1% |
| Growth Correlation 12m | -21% |
| Growth Correlation 5y | -46.2% |
| CAGR 5y | 5.49% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.12 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.40 |
| Sharpe Ratio 12m | -0.15 |
| Alpha | -32.99 |
| Beta | 1.216 |
| Volatility | 22.81% |
| Current Volume | 3181k |
| Average Volume 20d | 1671.4k |
| Stop Loss | 24.6 (-3.2%) |
| Signal | -0.99 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (379.1m TTM) > 0 and > 6% of Revenue (6% = 377.9m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 1.58pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -32.07% (prev 29.87%; Δ -61.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 2.86b > Net Income 379.1m (YES >=105%, WARN >=100%) |
| Net Debt (41.01b) to EBITDA (2.68b) ratio: 15.28 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.74 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (817.9m) change vs 12m ago -0.27% (target <= -2.0% for YES) |
| Gross Margin 32.56% (prev 52.30%; Δ -19.74pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.97% (prev 6.44%; Δ 0.53pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.28 (EBITDA TTM 2.68b / Interest Expense TTM 968.7m) >= 6 (WARN >= 3) |
Altman Z'' 1.13
| (A) -0.02 = (Total Current Assets 5.85b - Total Current Liabilities 7.87b) / Total Assets 90.14b |
| (B) 0.23 = Retained Earnings (Balance) 20.85b / Total Assets 90.14b |
| (C) 0.02 = EBIT TTM 2.21b / Avg Total Assets 90.36b |
| (D) 0.35 = Book Value of Equity 21.40b / Total Liabilities 61.80b |
| Total Rating: 1.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 60.20
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 4.53% = 2.26 |
| 3. FCF Margin 45.47% = 7.50 |
| 4. Debt/Equity 1.76 = 1.12 |
| 5. Debt/Ebitda 15.28 = -2.50 |
| 6. ROIC - WACC (= -0.50)% = -0.62 |
| 7. RoE 1.56% = 0.13 |
| 8. Rev. Trend 27.78% = 2.08 |
| 9. EPS Trend 14.51% = 0.73 |
What is the price of VNA shares?
As of November 04, 2025, the stock is trading at EUR 25.41 with a total of 3,180,995 shares traded.
Over the past week, the price has changed by -7.16%, over one month by -5.33%, over three months by -7.09% and over the past year by -10.49%.
Over the past week, the price has changed by -7.16%, over one month by -5.33%, over three months by -7.09% and over the past year by -10.49%.
Is Vonovia SE a good stock to buy?
Neither. Based on ValueRay´s Fundamental Analyses, Vonovia SE is currently (November 2025)
neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 60.20 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VNA is around 24.03 EUR . This means that VNA is currently overvalued and has a potential downside of -5.43%.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VNA is around 24.03 EUR . This means that VNA is currently overvalued and has a potential downside of -5.43%.
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 | 35.2 | 38.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 25.7 | 1.1% |
VNA Fundamental Data Overview January 01, 1970
Market Cap USD = 25.54b (22.16b EUR * 1.1525 EUR.USD)
Market Cap EUR = 22.16b (22.16b EUR * 1.0 EUR.EUR)
P/E Trailing = 65.125
P/E Forward = 12.9702
P/S = 2.8737
P/B = 0.9271
P/EG = 14.7462
Beta = 1.216
Revenue TTM = 6.30b EUR
EBIT TTM = 2.21b EUR
EBITDA TTM = 2.68b EUR
Long Term Debt = 36.37b EUR (from longTermDebt, last quarter)
Short Term Debt = 5.62b EUR (from shortTermDebt, last quarter)
Debt = 42.67b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 41.01b EUR (from netDebt column, last quarter)
Enterprise Value = 63.23b EUR (22.16b + Debt 42.67b - CCE 1.60b)
Interest Coverage Ratio = 2.28 (Ebit TTM 2.21b / Interest Expense TTM 968.7m)
FCF Yield = 4.53% (FCF TTM 2.86b / Enterprise Value 63.23b)
FCF Margin = 45.47% (FCF TTM 2.86b / Revenue TTM 6.30b)
Net Margin = 6.02% (Net Income TTM 379.1m / Revenue TTM 6.30b)
Gross Margin = 32.56% ((Revenue TTM 6.30b - Cost of Revenue TTM 4.25b) / Revenue TTM)
Gross Margin QoQ = 50.22% (prev 1.64%)
Tobins Q-Ratio = 0.70 (Enterprise Value 63.23b / Total Assets 90.14b)
Interest Expense / Debt = 0.73% (Interest Expense 310.1m / Debt 42.67b)
Taxrate = 29.45% (121.4m / 412.2m)
NOPAT = 1.56b (EBIT 2.21b * (1 - 29.45%))
Current Ratio = 0.74 (Total Current Assets 5.85b / Total Current Liabilities 7.87b)
Debt / Equity = 1.76 (Debt 42.67b / totalStockholderEquity, last quarter 24.19b)
Debt / EBITDA = 15.28 (Net Debt 41.01b / EBITDA 2.68b)
Debt / FCF = 14.32 (Net Debt 41.01b / FCF TTM 2.86b)
Total Stockholder Equity = 24.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.42% (Net Income 379.1m / Total Assets 90.14b)
RoE = 1.56% (Net Income TTM 379.1m / Total Stockholder Equity 24.35b)
RoCE = 3.63% (EBIT 2.21b / Capital Employed (Equity 24.35b + L.T.Debt 36.37b))
RoIC = 3.43% (NOPAT 1.56b / Invested Capital 45.40b)
WACC = 3.93% (E(22.16b)/V(64.83b) * Re(10.50%) + D(42.67b)/V(64.83b) * Rd(0.73%) * (1-Tc(0.29)))
Discount Rate = 10.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.20%
[DCF Debug] Terminal Value 73.57% ; FCFE base≈2.30b ; Y1≈2.79b ; Y5≈4.57b
Fair Price DCF = 61.97 (DCF Value 51.79b / Shares Outstanding 835.6m; 5y FCF grow 22.74% → 3.0% )
EPS Correlation: 14.51 | EPS CAGR: 108.2% | SUE: -0.96 | # QB: 0
Revenue Correlation: 27.78 | Revenue CAGR: -0.72% | SUE: 0.69 | # QB: 0
Market Cap EUR = 22.16b (22.16b EUR * 1.0 EUR.EUR)
P/E Trailing = 65.125
P/E Forward = 12.9702
P/S = 2.8737
P/B = 0.9271
P/EG = 14.7462
Beta = 1.216
Revenue TTM = 6.30b EUR
EBIT TTM = 2.21b EUR
EBITDA TTM = 2.68b EUR
Long Term Debt = 36.37b EUR (from longTermDebt, last quarter)
Short Term Debt = 5.62b EUR (from shortTermDebt, last quarter)
Debt = 42.67b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 41.01b EUR (from netDebt column, last quarter)
Enterprise Value = 63.23b EUR (22.16b + Debt 42.67b - CCE 1.60b)
Interest Coverage Ratio = 2.28 (Ebit TTM 2.21b / Interest Expense TTM 968.7m)
FCF Yield = 4.53% (FCF TTM 2.86b / Enterprise Value 63.23b)
FCF Margin = 45.47% (FCF TTM 2.86b / Revenue TTM 6.30b)
Net Margin = 6.02% (Net Income TTM 379.1m / Revenue TTM 6.30b)
Gross Margin = 32.56% ((Revenue TTM 6.30b - Cost of Revenue TTM 4.25b) / Revenue TTM)
Gross Margin QoQ = 50.22% (prev 1.64%)
Tobins Q-Ratio = 0.70 (Enterprise Value 63.23b / Total Assets 90.14b)
Interest Expense / Debt = 0.73% (Interest Expense 310.1m / Debt 42.67b)
Taxrate = 29.45% (121.4m / 412.2m)
NOPAT = 1.56b (EBIT 2.21b * (1 - 29.45%))
Current Ratio = 0.74 (Total Current Assets 5.85b / Total Current Liabilities 7.87b)
Debt / Equity = 1.76 (Debt 42.67b / totalStockholderEquity, last quarter 24.19b)
Debt / EBITDA = 15.28 (Net Debt 41.01b / EBITDA 2.68b)
Debt / FCF = 14.32 (Net Debt 41.01b / FCF TTM 2.86b)
Total Stockholder Equity = 24.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.42% (Net Income 379.1m / Total Assets 90.14b)
RoE = 1.56% (Net Income TTM 379.1m / Total Stockholder Equity 24.35b)
RoCE = 3.63% (EBIT 2.21b / Capital Employed (Equity 24.35b + L.T.Debt 36.37b))
RoIC = 3.43% (NOPAT 1.56b / Invested Capital 45.40b)
WACC = 3.93% (E(22.16b)/V(64.83b) * Re(10.50%) + D(42.67b)/V(64.83b) * Rd(0.73%) * (1-Tc(0.29)))
Discount Rate = 10.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.20%
[DCF Debug] Terminal Value 73.57% ; FCFE base≈2.30b ; Y1≈2.79b ; Y5≈4.57b
Fair Price DCF = 61.97 (DCF Value 51.79b / Shares Outstanding 835.6m; 5y FCF grow 22.74% → 3.0% )
EPS Correlation: 14.51 | EPS CAGR: 108.2% | SUE: -0.96 | # QB: 0
Revenue Correlation: 27.78 | Revenue CAGR: -0.72% | SUE: 0.69 | # QB: 0