Vonovia (VNA) AI Stock Analysis

• Market Cap: €21.69B
• Dividend Yield: 4.79%
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 56.2
• Beta (1Y): 0.43
• Revenue Growth: 22.80%
• EPS Growth: N/A
• Country: DE
• Employees: 12,306
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 2.73
• Shares Outstanding: 847,785,030
• 10 Day Avg. Volume: 1,651,215
• 30 Day Avg. Volume: 1,807,606
• PEG Ratio: 0.31
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 4.04
• P/FCF Ratio: 10.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €35.54
• Price Target Upside: 39.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: €28.00 ▲(10.02% Upside)

Vonovia's overall stock score is primarily influenced by its strong cash flow management and revenue growth, which are positive indicators. However, the high P/E ratio and significant leverage present potential risks. The technical analysis suggests stability but no strong trend, contributing to a moderate overall score.

Vonovia Business Overview & Revenue Model

Company Description

Vonovia SE is a leading residential property company based in Germany, primarily engaged in the acquisition, development, and management of residential real estate. The company operates in the residential sector, owning and managing a large portfolio of rental properties across Germany, Sweden, and Austria. Vonovia focuses on providing high-quality living spaces, enhancing property values through modernization and construction activities, and ensuring sustainable living environments for its tenants.

How the Company Makes Money

Vonovia generates revenue primarily through rental income from its extensive portfolio of residential properties, which comprises over 400,000 units. The company's revenue model is heavily based on long-term leases, providing stable and recurring income. Additionally, Vonovia engages in property management services, which contribute to its earnings. The company also benefits from value-added services such as modernization projects that enhance property quality and increase rental income. Strategic partnerships with construction and renovation firms enable Vonovia to improve its properties efficiently, further boosting its profitability. Moreover, the company may realize gains through the sale of properties and investments in new developments, diversifying its revenue streams.

Vonovia Financial Statement Overview

Summary

Vonovia demonstrates robust revenue growth and strong cash flow management, which are positive indicators for future performance. However, the company faces challenges with profitability and high leverage, which could pose risks if not addressed. The financial statements suggest a company with growth potential but also highlight the need for careful management of costs and debt.

Income Statement

Vonovia's income statement shows a mixed performance. The company has experienced significant revenue growth in the TTM period, indicating strong top-line expansion. However, profitability metrics such as net profit margin and EBIT margin have been volatile, with recent improvements but still below optimal levels. The gross profit margin has decreased over time, suggesting potential cost pressures. Overall, the income statement reflects growth potential but also highlights areas for improvement in profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, which indicates significant leverage and potential financial risk. While the equity ratio is stable, the return on equity has been inconsistent, with recent improvements but still low. The company's high leverage could be a concern if not managed carefully, although the stable equity ratio provides some reassurance.

Cash Flow

Vonovia's cash flow statement shows positive trends, with strong free cash flow growth in the TTM period. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio is consistently strong, suggesting good cash flow management. Overall, the cash flow position is a strength for the company, providing a buffer against financial volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.30B	5.94B	5.23B	5.15B	3.62B	3.15B
Gross Profit	2.41B	2.25B	2.46B	2.86B	2.23B	2.08B
EBITDA	2.68B	2.10B	-7.96B	1.26B	1.98B	5.56B
Net Income	379.10M	-896.00M	-6.29B	-669.40M	2.68B	3.27B
Balance Sheet
Total Assets	90.14B	90.24B	92.00B	101.39B	106.32B	62.42B
Cash, Cash Equivalents and Short-Term Investments	2.18B	2.02B	1.37B	1.20B	1.32B	453.40M
Total Debt	42.67B	43.21B	43.57B	45.69B	47.69B	24.63B
Total Liabilities	61.80B	62.11B	62.05B	66.95B	69.78B	37.59B
Stockholders Equity	24.19B	24.00B	25.68B	31.33B	33.29B	24.15B
Cash Flow
Free Cash Flow	2.86B	2.40B	1.90B	1.86B	1.47B	1.16B
Operating Cash Flow	2.86B	2.40B	1.90B	2.08B	1.82B	1.43B
Investing Cash Flow	-221.20M	-187.60M	-825.90M	938.20M	-19.12B	-1.73B
Financing Cash Flow	-2.51B	-1.82B	-961.00M	-3.15B	18.13B	402.60M

Vonovia Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:VNA, the sentiment is Negative. The current price of 25.45 is below the 20-day moving average (MA) of 25.87, below the 50-day MA of 26.45, and below the 200-day MA of 27.14, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 38.41 is Neutral, neither overbought nor oversold. The STOCH value of 22.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:VNA.

Vonovia Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LEG	70 Outperform	€4.84B	4.06	15.11%	4.21%	6.91%	―
GYC	68 Neutral	€1.82B	4.47	14.70%	―	0.44%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AT1	60 Neutral	€3.34B	4.60	10.60%	―	-1.35%	―
PAT	59 Neutral	€616.36M	28.46	―	4.67%	0.23%	―
VNA	58 Neutral	€21.69B	56.23	10.56%	4.79%	22.80%	―
O5G	50 Neutral	€6.57B	―	-0.56%	―	-9.44%	96.54%