VNA Stock Analysis: Vonovia SE | XETRA
Real Estate Services | XETRA, Germany | Market Cap: 17.893m EUR | 12M Return: -23.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 54.7M
EPS Trend: 73.7%
Qual. Beats: 0
Rev. Trend: 83.6%
Qual. Beats: 4
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Vonovia SE is a large-cap European residential real estate company headquartered in Bochum, Germany. Founded in 1998 and originally known as Deutsche Annington Immobilien SE, the company adopted its current name in August 2015. It is classified within the Real Estate Operating Companies sub-industry under the GICS framework.
The company operates through four business segments: Rental, Value-Add, Recurring Sales, and Development. Its core activities include property management and property-related services such as maintenance, modernization, craftsmen services, residential environment organization, multimedia, energy supply, metering, condominium administration, and insurance. Vonovia also sells individual condominiums and single-family houses through its Recurring Sales segment.
The Development segment engages in project development activities, including construction of owner-occupied and rented apartments, sale of projects to investors, and construction of new properties on existing portfolio land. As a vertically integrated residential operator, Vonovia manages properties across the full lifecycle from acquisition and development through rental management and disposal, a model characteristic of large European residential landlords operating in markets with regulated housing stock.
- ECB rate cuts ease Vonovias massive refinancing burden
- German rent regulation caps limit rental income growth
- Recurring Sales segment weakens on subdued housing demand
| Net Income: 3.44b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.95 > 1.0 |
| NWC/Revenue: -22.37% < 20% (prev -29.03%; Δ 6.66% < -1%) |
| CFO/TA 0.02 > 3% & CFO 1.70b > Net Income 3.44b |
| Net Debt (40.7b) to EBITDA (3.49b): 11.66 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (848.4m) vs 12m ago 3.55% < -2% |
| Gross Margin: 58.03% > 18% (prev 32.67%; Δ 25.36% > 0.5%) |
| Asset Turnover: 6.92% > 50% (prev 6.89%; Δ 0.02% > 0%) |
| Interest Coverage Ratio: 3.24 > 6 (EBIT TTM 2.98b / Interest Expense TTM 917.0m) |
| A: -0.02 (Total Current Assets 2.71b - Total Current Liabilities 4.12b) / Total Assets 92.0b |
| B: 0.26 (Retained Earnings 24.4b / Total Assets 92.0b) |
| C: 0.03 (EBIT TTM 2.98b / Avg Total Assets 91.3b) |
| D: 0.46 (Book Value of Equity 27.6b / Total Liabilities 59.6b) |
| Altman-Z'' = 1.47 = BB |
| DSRI: 0.47 (Receivables 218.0m/463.1m, Revenue 6.32b/6.25b) |
| GMI: 0.56 (GM 32.67% / 58.03%) |
| AQI: 1.05 (AQ_t 0.96 / AQ_t-1 0.91) |
| SGI: 1.01 (Revenue 6.32b / 6.25b) |
| TATA: 0.02 (NI 3.44b - CFO 1.70b) / TA 92.0b) |
| Beneish M = -3.82 (Cap -4..+1) = AAA |
As of July 22, 2026, the stock is trading at EUR 20.77 with a total of 1,589,173 shares traded. Over the past week, the price has changed by -1.47%, over one month by -0.43%, over three months by -6.41% and over the past year by -23.17%.
Current recommended Stop Loss: 20.10 (which is 3.2% or 1.2 ATR below the current price).
Vonovia SE has no consensus analysts rating.
P/E Trailing = 5.3123
P/E Forward = 10.8814
P/S = 3.0121
P/B = 0.6448
P/EG = 14.7462
Revenue TTM = 6.32b EUR
EBIT TTM = 2.98b EUR
EBITDA TTM = 3.49b EUR
Long Term Debt = 38.3b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 4.26b EUR (from shortTermDebt, last quarter)
Debt = 42.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 816.4m
Net Debt = 40.7b EUR (calculated: Debt 42.5b - CCE 1.80b)
Enterprise Value = 58.6b EUR (17.9b + Debt 42.5b - CCE 1.80b)
Interest Coverage Ratio = 3.24 (Ebit TTM 2.98b / Interest Expense TTM 917.0m)
EV/FCF = 40.61x (Enterprise Value 58.6b / FCF TTM 1.44b)
FCF Yield = 2.46% (FCF TTM 1.44b / Enterprise Value 58.6b)
FCF Margin = 22.83% (FCF TTM 1.44b / Revenue TTM 6.32b)
Net Margin = 54.48% (Net Income TTM 3.44b / Revenue TTM 6.32b)
Gross Margin = 58.03% ((Revenue TTM 6.32b - Cost of Revenue TTM 2.65b) / Revenue TTM)
Gross Margin QoQ = 61.23% (prev 52.73%)
Tobins Q-Ratio = 0.64 (Enterprise Value 58.6b / Total Assets 92.0b)
Interest Expense / Debt = 2.16% (Interest Expense 917.0m / Debt 42.5b)
Taxrate = 35.49% (137.7m / 388.0m)
NOPAT = 1.92b (EBIT 2.98b * (1 - 35.49%))
Current Ratio = 0.66 (Total Current Assets 2.71b / Total Current Liabilities 4.12b)
Debt / Equity = 1.54 (Debt 42.5b / totalStockholderEquity, last quarter 27.6b)
Debt / EBITDA = 11.66 (Net Debt 40.7b / EBITDA 3.49b)
Debt / FCF = 28.21 (Net Debt 40.7b / FCF TTM 1.44b)
Total Stockholder Equity = 26.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.77% (Net Income 3.44b / Total Assets 92.0b)
RoE = 13.06% (Net Income TTM 3.44b / Total Stockholder Equity 26.3b)
RoCE = 4.60% (EBIT 2.98b / Capital Employed (Equity 26.3b + L.T.Debt 38.3b))
RoIC = 2.09% (NOPAT 1.92b / Invested Capital 91.8b)
WACC = 2.81% (E(17.9b)/V(60.4b) * Re(6.17%) + D(42.5b)/V(60.4b) * Rd(2.16%) * (1-Tc(0.35)))
Discount Rate = 6.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.17 | Cagr: 1.82%
[DCF] Terminal Value 73.10% ; FCFF base≈1.78b ; Y1≈1.56b ; Y5≈1.26b
[DCF] Fair Price = N/A (negative equity: EV 20.2b - Net Debt 40.7b = -20.5b; debt exceeds intrinsic value)
EPS Correlation: 73.67 | EPS CAGR: 95.73% | SUE: 0.04 | # QB: 0
Revenue Correlation: 83.60 | Revenue CAGR: 5.72% | SUE: 0.86 | # QB: 4
EPS current Quarter (2026-06-30): EPS=0.40 | Chg30d=-5.59% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.45 | Chg30d=-4.06% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.81 | Chg30d=-0.07% | Revisions=+0% | GrowthEPS=-2.2% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=1.94 | Chg30d=+1.35% | Revisions=+0% | GrowthEPS=+7.2% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: -22% (up=2, down=4)