Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY)
OTHER OTC:VONOY
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Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh
(OTC:VONOY)
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Rating:58Neutral
Price Target:
$12.50
▼(-15.94% Downside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by uneven financial durability (revenue and free-cash-flow decline alongside meaningful leverage) and weak technical momentum. Offsetting factors are a very low P/E with a strong dividend yield, plus a generally positive earnings-call outlook and guidance confidence.
Positive Factors
Recurring rental income & scale
A large, primarily residential portfolio with recurring monthly rents creates predictable cash flows and earnings visibility over the medium term. This underpins the company's ability to fund maintenance, modernization and dividends, making core revenue durable despite cyclical noise.
Negative Factors
High leverage
Meaningful leverage increases sensitivity to interest-rate moves and refinancing risk, constrains strategic flexibility and raises the cost of capital. High debt limits room for opportunistic investments or rapid deleveraging if market conditions deteriorate over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income & scale
A large, primarily residential portfolio with recurring monthly rents creates predictable cash flows and earnings visibility over the medium term. This underpins the company's ability to fund maintenance, modernization and dividends, making core revenue durable despite cyclical noise.
Read all positive factors
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.90B
Dividend Yield4.68%
Average Volume (3M)1.94K
Price to Earnings (P/E)9.1
Beta (1Y)0.31
Revenue Growth24.14%
EPS GrowthN/A
CountryUS
Employees12,306
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.40
Shares Outstanding1,696,850,500
10 Day Avg. Volume0
30 Day Avg. Volume1,937
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.74
Price to Sales (P/S)4.25
P/FCF Ratio16.16
Enterprise Value/Market Cap2.70
Enterprise Value/Revenue10.35
Enterprise Value/Gross Profit24.93
Enterprise Value/Ebitda15.12
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh 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 makes money mainly through recurring rental income from its residential property portfolio. Tenants pay monthly rent, which forms the core, predictable revenue stream; Vonovia’s earnings are influenced by occupancy levels, in-place rent le...
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The earnings call revealed a strong financial performance with significant growth in EBITDA and rent growth forecasts. However, challenges in the transaction market and interest coverage remain. The company is optimistic about its strategic initiatives and future growth prospects.Positive Updates
Strong Financial Performance
Total EBITDA increased by 6.4% and EBT increased by 6.8%. Post minorities EBITDA also rose by 6.4%.
Negative Updates
Challenging Transaction Market
The transaction market remains below levels seen during the ultra-low interest rate period, though it is stabilizing.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Financial Performance
Total EBITDA increased by 6.4% and EBT increased by 6.8%. Post minorities EBITDA also rose by 6.4%.
Read all positive updates
Company Guidance
In the Vonovia SE Interim Results call for the first nine months of 2025, the company reported that it is on track to achieve the upper end of its guidance. Total EBITDA increased by 6.4%, while EBT rose by 6.8%. The company expects organic rent growth to reach around 5% by 2028, driven by higher investments and strong market rental growth. Vonovia's focus on cost leadership, scale, and standardization has resulted in a gross-to-net yield difference of only 0.4 percentage points, highlighting its operational efficiency compared to peers. Despite a challenging transaction market, Vonovia remains confident in achieving its ambitious EBITDA targets due to a stable operating environment and continued value and earnings growth. The company plans to increase its investments to EUR 2 billion annually by 2028, aiming for a sustainable return of 7.1% on completed investments between 2014 and 2024.Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
54
Neutral
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.78B | 5.94B | 5.23B | 5.15B | 3.62B |
| Gross Profit | 2.39B | 2.25B | 2.47B | 2.86B | 2.23B |
| EBITDA | 2.96B | 408.00M | -7.90B | 1.26B | 9.81B |
| Net Income | 3.58B | -896.00M | -6.29B | -669.40M | 2.68B |
Balance Sheet | |||||
| Total Assets | 93.22B | 90.24B | 92.00B | 101.39B | 105.91B |
| Cash, Cash Equivalents and Short-Term Investments | 3.26B | 2.02B | 1.59B | 1.20B | 1.32B |
| Total Debt | 43.29B | 43.21B | 43.49B | 45.69B | 47.69B |
| Total Liabilities | 61.06B | 62.11B | 62.05B | 66.95B | 69.78B |
| Stockholders Equity | 27.45B | 24.00B | 25.68B | 31.33B | 33.29B |
Cash Flow | |||||
| Free Cash Flow | 1.26B | 2.40B | 1.90B | 1.86B | 1.47B |
| Operating Cash Flow | 1.59B | 2.40B | 1.90B | 2.08B | 1.82B |
| Investing Cash Flow | -387.38M | -187.60M | -825.90M | 938.20M | -19.12B |
| Financing Cash Flow | 182.69M | -1.82B | -961.00M | -3.15B | 18.13B |
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh Technical Analysis
Negative
14.87
Price Trends
14.49
Negative
14.53
Negative
15.32
Negative
Market Momentum
-0.66
Negative
41.94
Neutral
92.94
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VONOY, the sentiment is Negative. The current price of 14.87 is above the 20-day moving average (MA) of 13.26, above the 50-day MA of 14.49, and below the 200-day MA of 15.32, indicating a bearish trend. The MACD of -0.66 indicates Negative momentum. The RSI at 41.94 is Neutral, neither overbought nor oversold. The STOCH value of 92.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VONOY.
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $14.34B | 20.11 | 11.09% | ― | 12.51% | 32.34% | |
66 Neutral | $40.32B | 41.44 | 13.63% | ― | 14.61% | 30.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | $2.89B | 42.44 | 4.65% | ― | 6.77% | 150.72% | |
58 Neutral | $21.90B | 9.07 | 14.53% | 4.68% | 24.14% | ― | |
56 Neutral | $2.70B | 24.52 | 8.82% | 0.68% | 22.22% | 94.52% | |
54 Neutral | $16.77B | 4,003.66 | 0.09% | ― | 14.61% | -87.93% |
* Real Estate Sector Average
VONOY
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh
12.94
-0.84
-6.06%
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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.