0.82%
-0.24%
-1.89%
4.15%
1.86%
-41.27%
-38.71%
AI Spotlight on VNA
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 and property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.
It also engages in the sale of individual condominiums and single-family houses; and project development activities.As of December 31, 2021, the company had 565,334 residential units; 168,015 garages and parking spaces; and 9,289 commercial units, as well as managed 71,173 residential units for other owners in Germany, Austria, and Sweden.The company was formerly known as Deutsche Annington Immobilien SE and changed its name to Vonovia SE in August 2015.
Vonovia SE was founded in 1998 and is headquartered in Bochum, Germany.
Market Data
| Last Price | 29.59 |
| Change Percentage | 0.82% |
| Open | 29.29 |
| Previous Close | 29.35 |
| Market Cap ( Millions) | 24348 |
| Volume | 2178298 |
| Year High | 33.93 |
| Year Low | 23.74 |
| M A 50 | 29.53 |
| M A 200 | 29.49 |
Financial Ratios
| FCF Yield | 6.55% |
| Dividend Yield | 3.04% |
| ROE | -13.20% |
| Debt / Equity | 3.39% |
| Net Debt / EBIDTA | 64.97% |
| Price To Book | 1.0 |
| Price Earnings Ratio | -7.33 |
| Price To FCF | 15.27 |
| Price To sales | 3.88 |
| EV / EBITDA | -11.75 |
News
- Jan -30 - A Look At The Intrinsic Value Of Vonovia SE (ETR:VNA)
- Dec -25 - Why Vonovia SE (ETR:VNA) Could Be Worth Watching
- Nov -07 - Vonovia (XTRA:VNA) Faces Earnings Challenges with Net Loss Amidst Expansion into Emerging Markets
- Nov -06 - Vonovia After-Tax Loss Narrows, Confirms Guidance
- Oct -30 - Vonovia SE (VONOY): Among UBSβ Top Tech Based Disruptive Stocks For 2030
- Oct -16 - Apollo Sees $75 Trillion Gap in Private Creditβs βNext Frontierβ
- Sep -19 - Vonovia Deal Offers Way Out for Elliottβs Deutsche Wohnen Bet
- Aug -23 - A Look At The Fair Value Of Vonovia SE (ETR:VNA)
- Jul -18 - Is Now The Time To Look At Buying Vonovia SE (ETR:VNA)?
- May -10 - 25 Countries with the Lowest Home Ownership Rates
- May -01 - Need To Know: Analysts Are Much More Bullish On Vonovia SE (ETR:VNA) Revenues
- Apr -30 - Vonovia Shares Rise After It Backs Its Outlook
- Apr -30 - Germany's Vonovia posts Q1 profit after record annual loss
- Apr -25 - Institutional investors have a lot riding on Vonovia SE (ETR:VNA) with 55% ownership
- Mar -16 - Vonovia Full Year 2023 Earnings: EPS Misses Expectations
- Mar -05 - Vonovia SE (ETR:VNA) Shares Could Be 38% Below Their Intrinsic Value Estimate
- Feb -09 - What Is Vonovia SE's (ETR:VNA) Share Price Doing?
- Dec -28 - Vonovia (ETR:VNA) investors are sitting on a loss of 42% if they invested three years ago
- Oct -29 - Shareholders in APG|SGA (VTX:APGN) are in the red if they invested five years ago
- Oct -09 - Gerresheimer (ETR:GXI) stock performs better than its underlying earnings growth over last year
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Rental
Expected Growth : 8 %
What the company do ?
Rental from Vonovia SE refers to the rental of apartments and houses from Vonovia SE, a European real estate company, offering a range of residential properties for rent.
Why we expect these perspectives ?
Vonovia SE's 8% rental growth is driven by Germany's housing shortage, urbanization, and increasing demand for rental properties. Additionally, the company's strategic acquisitions, efficient cost management, and value-enhancing refurbishments contribute to its growth. Furthermore, the German government's rental price brake and the company's focus on sustainable and energy-efficient apartments also support its growth momentum.
Segment nΒ°2 -> Other
Expected Growth : 6 %
What the company do ?
Vonovia SE's 'Other' segment includes operations related to the management of residential units, such as caretaking and maintenance services.
Why we expect these perspectives ?
Vonovia SE's 6% growth is driven by increasing demand for affordable housing, strategic acquisitions, and efficient cost management. Additionally, the company's focus on modernization and digitalization of its portfolio, as well as its strong financial position, contribute to its growth momentum.
Segment nΒ°3 -> Development
Expected Growth : 12 %
What the company do ?
Vonovia SE's development focuses on creating sustainable, modern, and affordable living spaces, offering innovative housing solutions and services to its customers.
Why we expect these perspectives ?
Vonovia SE's 12% growth driven by increasing demand for affordable housing, strategic acquisitions, and efficient cost management. Strong brand reputation, diversified portfolio, and favorable government policies supporting the German housing market also contribute to growth. Additionally, investments in digitalization and sustainability initiatives enhance operational efficiency and attract environmentally conscious tenants.
Segment nΒ°4 -> Recurring Sales
Expected Growth : 9 %
What the company do ?
Recurring Sales from Vonovia SE refers to the steady and predictable revenue generated from the company's existing portfolio of properties, ensuring a stable cash flow.
Why we expect these perspectives ?
Vonovia SE's 9% recurring sales growth is driven by increasing demand for affordable housing, strategic acquisitions, and effective cost management. Additionally, the company's focus on digitalization and operational efficiency has led to improved customer retention and upselling opportunities, further contributing to the growth.
Segment nΒ°5 -> Value-Add
Expected Growth : 11 %
What the company do ?
Vonovia SE's value-add lies in its ability to create a sustainable and modern living environment through renovation and maintenance of its properties, enhancing the quality of life for its tenants.
Why we expect these perspectives ?
Vonovia SE's 11% growth is driven by its value-add strategy, focusing on modernization and refurbishment of its existing portfolio, increasing rental income through rent increases and occupancy rate improvements, and expanding its development pipeline through strategic acquisitions and partnerships, while maintaining a strong balance sheet and efficient cost structure.
Segment nΒ°6 -> Consolidation
Expected Growth : 7 %
What the company do ?
Consolidation from Vonovia SE refers to the process of combining financial statements of Vonovia SE and its subsidiaries into a single, unified financial report.
Why we expect these perspectives ?
Vonovia SE's consolidation-driven growth is fueled by increasing demand for affordable housing, strategic acquisitions, and cost synergies. The company's focus on operational efficiency, digitalization, and sustainable living also contribute to its growth. Additionally, favorable demographics, urbanization, and government support for the housing market further drive Vonovia's expansion.
Vonovia Se Products
| Product Range | What is it ? |
|---|---|
| Rental Apartments | Vonovia SE offers a wide range of rental apartments in Germany, Austria, and Sweden, catering to diverse needs and preferences. |
| Property Management | Vonovia SE provides comprehensive property management services, including maintenance, repairs, and administrative support. |
| Real Estate Development | Vonovia SE develops and constructs new residential buildings, revitalizing urban areas and creating modern living spaces. |
| Energy Efficiency Solutions | Vonovia SE offers energy-efficient solutions, including insulation, windows, and heating systems, to reduce energy consumption and carbon footprint. |
| Digital Services | Vonovia SE provides digital services, including online portals and apps, to facilitate communication and services for tenants and property owners. |
Vonovia SE's Porter Forces
Threat Of Substitutes
The threat of substitutes for Vonovia SE is medium, as there are alternative options for housing and real estate services, but they are not highly attractive or widely available.
Bargaining Power Of Customers
The bargaining power of customers for Vonovia SE is low, as individual customers have limited negotiating power and the company has a large portfolio of properties.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Vonovia SE is medium, as the company relies on various suppliers for materials and services, but has some negotiating power due to its large scale.
Threat Of New Entrants
The threat of new entrants for Vonovia SE is low, as entering the German real estate market requires significant capital and regulatory compliance.
Intensity Of Rivalry
The intensity of rivalry for Vonovia SE is high, as the German real estate market is highly competitive, with many established players and limited market share gains.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 62.57% |
| Debt Cost | 3.95% |
| Equity Weight | 37.43% |
| Equity Cost | 8.39% |
| WACC | 5.61% |
| Leverage | 167.20% |
Vonovia SE : Quality Control
Vonovia SE passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| OLT.OL | Olav Thon Eiendomsselskap ASA engages in the property rental business in Norway and Sweden. The company is also involved in the property development and management business. As of December 31, β¦ |
| ISN.SW | Intershop Holding AG, a real estate company, focuses on the purchase, development, and sale of real estate in Switzerland. The company engages in the rental of office, and commercial and β¦ |
| G24.DE | Scout24 SE operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. The company offers Realtor Lead Engine and Immoverkauf24 products for selling β¦ |
| CLNX.MC | Cellnex Telecom, S.A. operates infrastructure for wireless telecommunication in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland. It operates through three segments: β¦ |
| CAI.VI | CA Immo is a real estate company with its headquarters in Vienna and branch offices in seven countries of Central Europe. Its core business involves leasing, managing and developing high-quality β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
Intershop Holding
A-Score
1-Year Total Return ->
π₯
Scout24
A-Score
1-Year Total Return ->
π₯
Vonovia
A-Score
1-Year Total Return ->
4
Olav Thon Eiendomsselskap
A-Score
1-Year Total Return ->
5
CA Immobilien
A-Score
1-Year Total Return ->
6
