Company Valuation: Vonovia

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,665 17,525 23,250 24,126 20,812 17,028 - -
Change - -53.47% 32.67% 3.77% -13.74% -18.18% - -
Enterprise Value (EV) 1 84,006 60,981 65,446 65,696 60,865 56,697 56,546 56,654
Change - -27.41% 7.32% 0.38% -7.35% -6.85% -0.27% 0.19%
P/E 11.5x -26.9x -3.66x -26.9x 5.67x 7.89x 6.96x 7.34x
PBR 1.13x 0.56x 0.74x 1.01x 0.76x 0.48x 0.46x 0.46x
PEG - 0x -0x 0.3x -0x -0.2x 0.5x -1.43x
Capitalization / Revenue 15.9x 5.54x 7.15x 7.26x 6.09x 4.84x 4.69x 4.55x
EV / Revenue 35.6x 19.3x 20.1x 19.8x 17.8x 16.1x 15.6x 15.1x
EV / EBITDA 37x 22.1x 25.3x 25x 21.7x 19.1x 17.9x 17x
EV / EBIT -69.3x 41.1x 30.9x 26.4x 26.6x 20.9x 18.3x 16x
EV / FCF 88.3x -156x 82.1x 57.8x 34.2x 38.9x 36.8x 30.9x
FCF Yield 1.13% -0.64% 1.22% 1.73% 2.92% 2.57% 2.71% 3.24%
Dividend per Share 2 1.66 - 0.9 1.22 1.25 1.266 1.324 1.366
Rate of return 3.42% - 3.15% 4.16% 5.09% 6.31% 6.6% 6.81%
EPS 2 4.22 -0.82 -7.8 -1.09 4.33 2.545 2.884 2.736
Distribution rate 39.3% - -11.5% -112% 28.9% 49.8% 45.9% 49.9%
Net sales 1 2,362 3,163 3,253 3,324 3,417 3,516 3,627 3,742
EBITDA 1 2,269 2,763 2,584 2,625 2,801 2,966 3,150 3,328
EBIT 1 -1,213 1,484 2,119 2,491 2,287 2,708 3,086 3,549
Net income 1 2,642 -643.8 -6,285 -896 3,723 2,376 2,673 3,064
Net Debt 1 46,342 43,457 42,196 41,570 40,053 39,669 39,518 39,626
Reference price 2 48.50 22.02 28.54 29.32 24.54 20.07 20.07 20.07
Nbr of stocks (in thousands) 776,597 795,850 814,645 822,853 848,090 848,425 - -
Announcement Date 18/03/22 16/03/23 15/03/24 18/03/25 19/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.26x - - - 57.28B
8.77x3.39x6.82x-.--% 21.68B
7.84x16.1x19.08x6.35% 19.85B
4.19x0.1x0.21x8.27% 14.2B
8.28x16.78x - 6.38% 8.33B
7.43x0.77x6.4x2.7% 5.54B
-1.89x1.54x-229.52x-.--% 5.1B
4.76x13.57x19.67x6.02% 4.43B
9.35x0.56x7.32x4.07% 4B
Average 11.33x 6.60x -24.29x 4.23% 15.6B
Weighted average by Cap. 25.74x 7.32x -6.54x 4.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield