Company Valuation: Vonovia SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 37,665 17,525 23,250 24,126 20,812 20,060 - -
Change - -53.47% 32.67% 3.77% -13.74% -3.61% - -
Enterprise Value (EV) 1 84,006 60,981 65,446 65,696 60,865 59,308 59,252 57,944
Change - -27.41% 7.32% 0.38% -7.35% -2.56% -0.1% -2.21%
P/E ratio 11.5x -26.9x -3.66x -26.9x 5.67x 7.51x 6.6x 5.64x
PBR 1.13x 0.56x 0.74x 1.01x 0.76x 0.69x 0.64x 0.62x
PEG - 0x -0x 0.3x -0x -0.3x 0.5x 0.3x
Capitalization / Revenue 15.9x 5.54x 7.15x 7.26x 6.09x 5.7x 5.54x 5.33x
EV / Revenue 35.6x 19.3x 20.1x 19.8x 17.8x 16.9x 16.4x 15.4x
EV / EBITDA 37x 22.1x 25.3x 25x 21.7x 20.2x 19x 17.2x
EV / EBIT -69.3x 41.1x 30.9x 26.4x 26.6x 22x 20.8x 18.9x
EV / FCF 88.3x -156x 82.1x 57.8x 34.2x 37.2x 38.6x 31.9x
FCF Yield 1.13% -0.64% 1.22% 1.73% 2.92% 2.69% 2.59% 3.14%
Dividend per Share 2 1.66 - 0.9 1.22 1.25 1.3 1.34 1.376
Rate of return 3.42% - 3.15% 4.16% 5.09% 5.5% 5.67% 5.82%
EPS 2 4.22 -0.82 -7.8 -1.09 4.33 3.148 3.582 4.193
Distribution rate 39.3% - -11.5% -112% 28.9% 41.3% 37.4% 32.8%
Net sales 1 2,362 3,163 3,253 3,324 3,417 3,518 3,621 3,762
EBITDA 1 2,269 2,763 2,584 2,625 2,801 2,930 3,118 3,371
EBIT 1 -1,213 1,484 2,119 2,491 2,287 2,698 2,848 3,061
Net income 1 2,642 -643.8 -6,285 -896 3,723 2,768 3,254 4,109
Net Debt 1 46,342 43,457 42,196 41,570 40,053 39,248 39,191 37,884
Reference price 2 48.50 22.02 28.54 29.32 24.54 23.65 23.65 23.65
Nbr of stocks (in thousands) 776,597 795,850 814,645 822,853 848,090 848,216 - -
Announcement Date 18/03/22 16/03/23 15/03/24 18/03/25 19/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.47x16.83x20.2x5.53% 23.44B
131.59x - - - 55.16B
13.97x5.06x13.89x-.--% 22.74B
4.79x0.34x0.7x6.6% 16.77B
9.99x - - 5.91% 9.63B
8.98x0.9x7.38x2.17% 6.72B
-2.79x1.56x-62.61x-.--% 6.41B
5.76x14.54x21.32x5.01% 5.42B
26x - - - 4.83B
10.47x0.52x6.9x4.43% 3.99B
Average 21.62x 5.68x 1.11x 3.71% 15.51B
Weighted average by Cap. 52.66x 7.16x 6.93x 3.75%

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