Company Valuation: Vonovia SE

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 15,361 - -
Change - -53.47% 32.67% 3.77% -13.74% -26.19% - -
Enterprise Value (EV) 1 84,006 60,981 65,446 65,696 60,865 54,776 54,898 54,991
Change - -27.41% 7.32% 0.38% -7.35% -10% 0.22% 0.17%
P/E 11.5x -26.9x -3.66x -26.9x 5.67x 7.21x 6.27x 7.06x
PBR 1.13x 0.56x 0.74x 1.01x 0.76x 0.54x 0.42x 0.43x
PEG - 0x -0x 0.3x -0x -0.2x 0.4x -0.6x
Capitalization / Revenue 15.9x 5.54x 7.15x 7.26x 6.09x 4.37x 4.24x 4.12x
EV / Revenue 35.6x 19.3x 20.1x 19.8x 17.8x 15.6x 15.2x 14.7x
EV / EBITDA 37x 22.1x 25.3x 25x 21.7x 18.5x 17.5x 16.6x
EV / EBIT -69.3x 41.1x 30.9x 26.4x 26.6x 20.9x 18x 16.4x
EV / FCF 88.3x -156x 82.1x 57.8x 34.2x 37.6x 35.8x 30x
FCF Yield 1.13% -0.64% 1.22% 1.73% 2.92% 2.66% 2.8% 3.34%
Dividend per Share 2 1.66 - 0.9 1.22 1.25 1.267 1.332 1.38
Rate of return 3.42% - 3.15% 4.16% 5.09% 7% 7.36% 7.62%
EPS 2 4.22 -0.82 -7.8 -1.09 4.33 2.512 2.887 2.566
Distribution rate 39.3% - -11.5% -112% 28.9% 50.5% 46.1% 53.8%
Net sales 1 2,362 3,163 3,253 3,324 3,417 3,513 3,619 3,729
EBITDA 1 2,269 2,763 2,584 2,625 2,801 2,959 3,139 3,306
EBIT 1 -1,213 1,484 2,119 2,491 2,287 2,624 3,052 3,359
Net income 1 2,642 -643.8 -6,285 -896 3,723 2,258 2,606 2,960
Net Debt 1 46,342 43,457 42,196 41,570 40,053 39,416 39,537 39,630
Reference price 2 48.50 22.02 28.54 29.32 24.54 18.10 18.10 18.10
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.($)
64.79x - - - 70.38B
9.66x3.74x8.5x-.--% 22.82B
7.21x15.59x18.51x7% 17.83B
4.12x0.09x0.16x7.74% 14.07B
7.52x16.06x - 7.03% 7.5B
6.98x0.74x6.1x2.91% 5.32B
-1.26x1.51x-18290.2x-.--% 5.07B
4.49x13.33x19.34x6.39% 4.14B
8.52x0.54x6.85x4.38% 4B
Average 12.45x 6.45x -2,604.39x 4.43% 16.79B
Weighted average by Cap. 33.79x 6.86x -1,255.92x 4.28%

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

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