Vonovia SE (DE:VNA)
XETRA:VNA
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Vonovia
(XETRA:VNA)
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Rating:52Neutral
Price Target:
€21.50
▼(-7.05% Downside)
Action:ReiteratedDate:03/21/26
The score is held back mainly by weak technicals (price below key moving averages, negative MACD, oversold momentum) and only moderate financial quality due to high leverage and volatile profitability. This is partially offset by attractive valuation metrics (very low P/E and high dividend yield).
Positive Factors
Scale & recurring rental income
Vonovia's large, diversified residential portfolio and long-term lease model generate stable, recurring rental cash flows. That scale reduces per-unit operating cost, supports predictable revenue over months, and underpins resilience versus short-term market swings in demand.
Negative Factors
High leverage
Elevated absolute debt and high debt/equity reduce financial flexibility and increase exposure to rising interest rates or refinancing stress. A heavily leveraged capital structure limits capacity to absorb asset-value or earnings shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & recurring rental income
Vonovia's large, diversified residential portfolio and long-term lease model generate stable, recurring rental cash flows. That scale reduces per-unit operating cost, supports predictable revenue over months, and underpins resilience versus short-term market swings in demand.
Read all positive factors
Vonovia (VNA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€19.62B
Dividend Yield5.08%
Average Volume (3M)1.81M
Price to Earnings (P/E)5.5
Beta (1Y)0.46
Revenue Growth22.80%
EPS GrowthN/A
CountryDE
Employees12,306
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.43
Shares Outstanding848,425,230
10 Day Avg. Volume1,651,215
30 Day Avg. Volume1,807,606
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.74
Price to Sales (P/S)4.11
P/FCF Ratio15.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€32.53Price Target Upside40.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)1.99
Revenue Forecast (FY)€3.51B
Vonovia Business Overview & Revenue Model
Company Description
Vonovia SE operates as an integrated residential real estate company in Europe. It operates through five segments: Rental, Value-Add, Recurring Sales, Development, and Deutsche Wohnen. The company offers property management services; apartments an...
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 ...
Vonovia Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.98B | 5.94B | 5.23B | 5.15B | 3.62B |
| Gross Profit | 2.49B | 2.25B | 2.46B | 2.86B | 2.23B |
| EBITDA | 3.08B | 2.10B | -7.96B | 1.26B | 1.98B |
| Net Income | 3.72B | -896.00M | -6.29B | -669.40M | 2.68B |
Balance Sheet | |||||
| Total Assets | 93.26B | 90.24B | 92.00B | 101.39B | 106.32B |
| Cash, Cash Equivalents and Short-Term Investments | 3.26B | 2.02B | 1.37B | 1.20B | 1.32B |
| Total Debt | 43.31B | 43.21B | 43.57B | 45.69B | 47.69B |
| Total Liabilities | 61.09B | 62.11B | 62.05B | 66.95B | 69.78B |
| Stockholders Equity | 27.47B | 24.00B | 25.68B | 31.33B | 33.29B |
Cash Flow | |||||
| Free Cash Flow | 1.31B | 2.40B | 1.90B | 1.86B | 1.47B |
| Operating Cash Flow | 1.66B | 2.40B | 1.90B | 2.08B | 1.82B |
| Investing Cash Flow | -403.30M | -187.60M | -825.90M | 938.20M | -19.12B |
| Financing Cash Flow | 190.20M | -1.82B | -961.00M | -3.15B | 18.13B |
Vonovia Technical Analysis
Neutral
23.13
Price Trends
24.68
Negative
24.78
Negative
26.06
Negative
Market Momentum
-0.62
Negative
49.11
Neutral
85.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:VNA, the sentiment is Neutral. The current price of 23.13 is above the 20-day moving average (MA) of 22.51, below the 50-day MA of 24.68, and below the 200-day MA of 26.06, indicating a neutral trend. The MACD of -0.62 indicates Negative momentum. The RSI at 49.11 is Neutral, neither overbought nor oversold. The STOCH value of 85.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:VNA.
Vonovia Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.67B | 3.69 | 11.82% | ― | 0.44% | ― | |
63 Neutral | €4.52B | 3.20 | 18.02% | 4.45% | 6.91% | ― | |
58 Neutral | €2.76B | 4.09 | 7.69% | ― | -1.35% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €19.62B | 5.49 | 14.53% | 5.08% | 22.80% | ― | |
49 Neutral | €6.24B | 23.97 | -0.36% | ― | -9.44% | 96.54% | |
45 Neutral | €25.17M | -0.37 | -62.13% | ― | ― | ― |
* General Sector Average
DE:VNA
Vonovia
23.13
-2.96
-11.33%
DE:LEG
LEG Immobilien
59.80
-8.62
-12.59%
DE:AT1
Aroundtown SA
2.53
-0.08
-3.00%
DE:GYC
Grand City Properties SA
9.98
-0.30
-2.92%
DE:ADJ
ADLER Group
0.17
-0.04
-19.42%
DE:O5G
CPI PROPERTY GROUP S.A.
0.75
-0.07
-9.15%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.