tiprankstipranks
Trending News
More News >
Vonovia SE (DE:VNA)
XETRA:VNA

Vonovia (VNA) AI Stock Analysis

Compare
219 Followers

Top Page

DE

Vonovia

(XETRA:VNA)

Rating:56Neutral
Price Target:
€30.00
▲(2.92%Upside)
Vonovia's stock score reflects a mixed financial performance with strong revenue and cash flow but significant profitability challenges due to negative net income. Technical indicators show moderate bullish momentum, offering some positive outlook. Valuation is strained by a negative P/E ratio, though the dividend yield is a positive aspect for income-focused investors.
Positive Factors
Financial Health
The company has improved its loan/value ratio and net debt/EBITDA, indicating better financial health.
Operational Performance
The low vacancy rates and high rent collection rate indicate strong operational performance.
Negative Factors
Interest Rates
Vonovia's shares have been the epitome of interest rate driven volatility this year, with nearly all gyrations being a function of bond market expectations.
Leadership Change
The CEO, Rolf Buch, will step down at the end of the year, and the company will see a leadership change with the appointment of Luka Mucic.
Refinancing Costs
Vonovia is still hamstrung by a regulated market, rising refinancing rates, and an LTV that is still too elevated.

Vonovia (VNA) vs. iShares MSCI Germany ETF (EWG)

Vonovia Business Overview & Revenue Model

Company DescriptionVonovia SE is a leading residential real estate company in Germany, focusing on managing, developing, and optimizing residential properties. The company operates in sectors such as property management, property development, and real estate services. Vonovia's core services include renting out residential units, maintaining properties, and providing energy-efficient housing solutions.
How the Company Makes MoneyVonovia makes money primarily through rental income from its extensive portfolio of residential properties. The company generates revenue by leasing apartments, managing rental agreements, and maintaining the properties. Additionally, Vonovia engages in property development, where it constructs new residential buildings or renovates existing ones, ultimately adding them to its rental portfolio. Another revenue stream comes from providing real estate-related services, such as energy services, modernization, and maintenance, which enhance the value and sustainability of its properties. Strategic acquisitions and partnerships also play a role in expanding its asset base and increasing rental income.

Vonovia Financial Statement Overview

Summary
Vonovia shows strong cash flow generation and revenue growth, yet struggles with profitability due to negative net income and fluctuating EBIT margins. The balance sheet is robust with a high equity base, though high leverage is a concern.
Income Statement
45
Neutral
Vonovia's revenue has shown a steady growth trajectory with a recent increase in TTM. However, the company is facing negative net income, significantly impacting net profit margins. Gross profit margin is stable, but the negative EBIT and EBITDA margins in previous periods raise concerns about operational efficiency.
Balance Sheet
55
Neutral
The company's balance sheet shows a strong equity base with an improving equity ratio. However, the high level of debt relative to equity poses a risk, although recent periods show a reduction in total debt. The return on equity is negatively impacted by consecutive net losses.
Cash Flow
65
Positive
The cash flow statement reflects solid operating cash flow with positive free cash flow. The free cash flow to net income ratio is favorable, indicating efficient cash generation despite net losses. However, the potential for growth in free cash flow is limited by negative net income and capital expenditures.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
6.25B5.94B5.23B5.15B3.62B3.15B
Gross Profit
2.65B2.25B2.46B2.86B2.23B2.08B
EBIT
1.48B1.00B1.76B-363.70M6.03B5.46B
EBITDA
2.21B408.00M2.17B1.26B1.98B5.56B
Net Income Common Stockholders
-710.80M-896.00M-6.29B-669.40M2.68B3.27B
Balance SheetCash, Cash Equivalents and Short-Term Investments
2.85B2.02B1.37B1.20B1.32B453.40M
Total Assets
90.63B90.24B92.00B101.39B106.32B62.42B
Total Debt
831.60M43.21B43.57B45.69B47.69B24.63B
Net Debt
-1.35B41.51B42.20B44.49B46.38B24.17B
Total Liabilities
61.70B62.11B62.05B66.95B69.78B37.59B
Stockholders Equity
24.77B24.00B25.68B31.33B33.29B24.15B
Cash FlowFree Cash Flow
2.29B2.40B1.90B1.86B1.47B1.16B
Operating Cash Flow
2.37B2.40B1.90B2.08B1.82B1.43B
Investing Cash Flow
97.10M-187.60M-825.90M938.20M-19.12B-1.73B
Financing Cash Flow
-1.80B-1.82B-961.00M-3.15B18.13B402.60M

Vonovia Technical Analysis

Technical Analysis Sentiment
Positive
Last Price29.15
Price Trends
50DMA
26.82
Positive
100DMA
26.92
Positive
200DMA
28.30
Positive
Market Momentum
MACD
0.50
Negative
RSI
63.68
Neutral
STOCH
51.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:VNA, the sentiment is Positive. The current price of 29.15 is above the 20-day moving average (MA) of 28.16, above the 50-day MA of 26.82, and above the 200-day MA of 28.30, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 51.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:VNA.

Vonovia Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
DEGYC
71
Outperform
€1.89B8.606.27%-1.22%
DELEG
65
Neutral
€5.52B21.923.32%3.64%3.25%
DEAT1
63
Neutral
€3.18B14.012.91%-3.28%
DEPAT
61
Neutral
€694.48M52.131.19%4.19%-7.62%
61
Neutral
$2.82B10.890.42%8438.96%5.74%-20.95%
DEO5G
56
Neutral
€7.60B-3.87%-6.54%76.78%
DEVNA
56
Neutral
€24.05B-2.91%4.19%23.19%82.41%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:VNA
Vonovia
29.21
3.63
14.20%
DE:LEG
LEG Immobilien
74.75
0.98
1.33%
DE:PAT
Patrizia Immobilien
7.81
0.36
4.90%
DE:AT1
Aroundtown SA
2.92
0.91
45.27%
DE:GYC
Grand City Properties SA
11.34
0.49
4.52%
DE:O5G
CPI PROPERTY GROUP S.A.
0.85
0.03
3.66%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.