Stock · VNA.DE · Real Estate

Vonovia SE

Germany · Large Cap · Revenue 12 mo. €6.4B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Not rated To the score
Price
€16.90
1 Y −43.0%
Market cap
€14.2B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −1.1% a year (3 years)EBIT margin 35.8%Payout 102.3% of operating cash flow

Vonovia SE operates as an integrated residential real estate company in Europe.

moreless

Vonovia SE operates as an integrated residential real estate company in Europe. The company operates through Rental, Value-Add, Recurring Sales, and Development segments. It offers property management services; property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, multimedia, energy supply, metering, condominium administration, and insurance services. The company is also involved in the sale of individual condominiums and single-family houses; and project development activities to build new homes. In addition, it engages in construction of owner-occupied and rented apartments; sale of projects to investors; and construction of new properties on existing land held in the portfolio. 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.

Original text from the data provider

Summary

Vonovia SE is below the middle of the Real Estate sector overall

36.6 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The market value is below the value without growth: the price requires no FCF growth.

Required FCF growth per year

no growth

no growth afterwards

No sign supports the expectation, 4 speak against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Revenue declined revenue −16.2% year on year
  • Share count rising despite money spent on own shares shares +4.2% year on year
  • Volatile earnings 4 drops or sign changes in up to 10 years
1 more
  • Profit well above operating result 1.51 times EBIT, last 12 months

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 1 figure better, 1 worse.

  • EBIT margin33.5% → 40.3%+6.8 ppbetter
  • Shares outstanding848M → 910M+7.2%worse

4 more unchanged: Revenue, 12 mo., Gross margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability57.2around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity13.55%7.47%Rank 90
Return on capital (Greenblatt)220.51%30.55%Rank 76
EBIT margin35.80%45.85%Rank 40
FCF margin26.28%37.62%Rank 38
Gross margin50.07%55.39%Rank 43
Growth34.0below the middleGrows more slowly than the sector: Revenue growth, 1 year −16.20%, sector 6.62%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−16.20%6.62%Rank 5
Earnings growth, 3 years per yeardoes not count towards the rank–3.56%
Earnings growth, 5 years per year−1.54%4.17%Rank 36
Sustainable growth (ROE × retained earnings)6.99%2.49%Rank 62
Valuation70.3above the middleValued lower than the sector: Earnings yield 25.80%, sector 5.58%.
MetricStockSector medianPosition in sector
Earnings yield25.80%5.58%Rank 100
FCF yield9.24%4.79%Rank 86
EV/saleslower is better10.8912.03Rank 62
EV/EBITlower is better30.4323.23Rank 34
Momentum3.7below the middleShare price doing worse than the sector: Share price, 1 year −43.04%, sector −13.68%.
MetricStockSector medianPosition in sector
Share price, 1 year−43.04%−13.68%Rank 1
Share price, 6 months−23.53%−6.91%Rank 12
Share price, 3 months−14.58%0.34%Rank 1
Distance from 52-week high−41.09%−18.73%Rank 2
Quality35.1below the middleQuality below the sector: Change in share count 4.22%, sector 0.26%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better2.69%3.12%Rank 52
Change in share countlower is better4.22%0.26%Rank 20
Dividend streak in years24Rank 48
Price reaction to results, market-adjusted−2.27%−0.47%Rank 20
Balance sheet & risk19.1below the middleMore risk than the sector: Net debt/EBITDA 13.01, sector 6.62.
MetricStockSector medianPosition in sector
Equity ratio29.45%46.36%Rank 21
Net debt/EBITDAlower is better13.016.62Rank 7
Debt to equitylower is better1.580.92Rank 17
Volatility, 1 yearlower is better29.42%25.05%Rank 32

Ten years in figures

Revenue from €2.2B (2016) to €5.0B (2025), 9.4% a year.

Fiscal years, amounts in EUR
YearRevenue, €BEBIT marginFCFSharesNet debt, €B
20162.242.2%€1.7B588M11.9
20172.443.7%€1.1B601M13.9
20182.735.6%€827.9M638M19.8
20192.9122.4%€1.6B672M23.7
20203.1173.6%€1.4B694M24.2
20213.6166.4%€1.8B630M46.4
20225.2−7.1%€2.1B788M44.5
20235.233.7%€1.9B806M42.2
20245.916.9%€2.4B819M41.5
20255.035.8%€1.3B854M40.1
4.5 / 10Not ratedStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Vonovia SE mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Vonovia SE's score is built

This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Vonovia SE. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksapplies

Detail data

How does Vonovia SE stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Earnings Quality: Accrual Check (Sloan)
  • Magic Formula: Value + Quality
  • Moat Quality
  • Balanced GARP
  • Defensive: Low Volatility
  • PEG Strategy (inspired by Peter Lynch)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Growth Momentum (CAN SLIM principle)

Vonovia SE key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Vonovia SE.

MetricStockSector
P/E ratio3.916.4
P/B ratio0.51.0
Return on equity (ROE)13.6%7.5%
Equity ratio29.5%46.4%
Debt-to-equity (D/E)1.580.92
Dividend yield7.4%4.2%

Similar stocks in Real Estate

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
VNA.DEVonovia SEthis page
DWNI.DEDeutsche Wohnen SELow6.4
LEG.DELEG Immobilien SELow5.5
8830.TSumitomo Realty & Development Co.locked
JLLJones Lang LaSalle Incorporatedlocked
AZRG.TAAzrieli Group Ltdlocked

Frequently asked questions about Vonovia SE stock

How does Vonovia SE stock (VNA.DE) score in the StockScorer model?
Vonovia SE stock reaches a StockScorer score of 4.5 out of 10, but is not rated (exclusion rule: Exclusion: financial and real estate stocks).
What is Vonovia SE's P/E ratio?
Vonovia SE's P/E ratio is 3.9. The Real Estate sector median is 16.4.
What sector is Vonovia SE in?
Vonovia SE is assigned to the Real Estate sector. Its rank within the sector is 36.6 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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