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Vonovia SE operates as an integrated residential real estate company in Europe. It operates through Rental, Value-Add, Recurring Sales, and Development and Care segments. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and 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. Additionally, it offers inpatient nursing care facilities; and leasing of nursing care properties to third parties. 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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Vonovia SE is a large German residential landlord that owns, manages and renovates rental apartments, with operations concentrated in Germany and presence elsewhere in Europe. Long-term drivers include persistent rental demand, portfolio modernization and scale-related efficiencies, which may support stable recurring income.
Key risks are regulatory constraints on rents, high leverage and interest-rate sensitivity, and sizable capital needs for energy retrofits and upkeep; investors should monitor these factors.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -732.70M | 5482.40M | 5014.40M | 3138.90M | 3874.30M |
| Minority interest | 25.60M | -150.60M | 686.30M | 813.90M | 782.30M |
| Net income | -643.80M | 2680.30M | 3268.50M | 1187.00M | 2306.50M |
| Selling general administrative | 145.60M | 193.40M | 103.60M | 107.80M | 122.90M |
| Selling and marketing expenses | 41.90M | 44.80M | 22.10M | 24.90M | 16.70M |
| Gross profit | 2862.70M | 2233.70M | 2077.20M | 1937.60M | 1753.60M |
| Reconciled depreciation | 1279.10M | 3482.20M | 92.30M | 2175.80M | 737.90M |
| Ebit | -363.70M | 6031.70M | 5463.70M | 3561.90M | 4236.60M |
| Ebitda | 915.40M | 9513.90M | 5556.00M | 5737.70M | 4974.50M |
| Depreciation and amortization | 1279.10M | 3482.20M | 92.30M | 2175.80M | 737.90M |
| Operating income | -363.70M | 6031.70M | 5463.70M | 3561.90M | 4236.60M |
| Other operating expenses | 4698.00M | 2349.70M | 1927.00M | 3917.60M | 1743.80M |
| Interest expense | 623.10M | 478.80M | 419.30M | 419.00M | 386.00M |
| Tax provision | -63.30M | 2651.50M | 1674.40M | 1844.60M | 1471.50M |
| Interest income | 65.40M | 8.40M | 20.00M | 7.00M | 6.80M |
| Net interest income | -532.30M | -471.90M | -398.10M | -411.50M | -412.10M |
| Income tax expense | -63.30M | 2651.50M | 1674.40M | 1844.60M | 1471.50M |
| Total revenue | 5151.80M | 3623.90M | 3147.10M | 2910.70M | 2708.20M |
| Total operating expenses | 2408.90M | 959.50M | 857.10M | 2944.50M | 789.20M |
| Cost of revenue | 2289.10M | 1390.20M | 1069.90M | 973.10M | 954.60M |
| Total other income expense net | -369.00M | -549.30M | -449.30M | -423.00M | -362.30M |
| Net income from continuing ops | -669.40M | 2830.90M | 3340.00M | 1294.30M | 2402.80M |
| Net income applicable to common shares | -643.80M | 2641.90M | 3228.50M | 1147.00M | 2266.50M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 101389.60M | 106320.30M | 62417.40M | 56497.70M | 49387.60M |
| Intangible assets | 129.60M | 238.80M | 117.00M | 111.30M | 100.80M |
| Other current assets | 203.70M | 201.70M | 101.20M | 123.10M | 98.00M |
| Total liab | 66950.80M | 69775.20M | 37585.60M | 35428.00M | 29723.50M |
| Total stockholder equity | 31331.50M | 33287.10M | 24145.50M | 20309.90M | 18881.80M |
| Other current liab | 90.90M | 127.60M | 123.70M | 313.20M | 574.60M |
| Common stock | 795.80M | 776.60M | 565.90M | 542.30M | 518.10M |
| Capital stock | 795.80M | 776.60M | 565.90M | 542.30M | 518.10M |
| Retained earnings | 25605.10M | 16925.90M | 13368.20M | 10534.40M | 9942.00M |
| Other liab | 19564.20M | 19840.20M | 11750.60M | 10047.40M | 7975.80M |
| Good will | 1529.90M | 2766.50M | 1494.70M | 1492.70M | 2842.40M |
| Other assets | 93464.90M | 94954.00M | 58283.70M | 53006.20M | 43620.80M |
| Cash | 1198.30M | 1315.20M | 453.40M | 403.40M | 511.40M |
| Total current liabilities | 5475.90M | 9062.00M | 2915.80M | 3682.00M | 4145.70M |
| Current deferred revenue | 1331.10M | 1648.80M | 822.20M | 726.90M | 644.00M |
| Net debt | 44488.80M | 46377.70M | 24174.70M | 23704.40M | 19764.90M |
| Short term debt | 3733.40M | 6841.20M | 1740.40M | 2422.80M | 2688.00M |
| Short long term debt | 3579.80M | 6684.40M | 1709.60M | 2376.90M | 2698.50M |
| Short long term debt total | 45687.10M | 47692.90M | 24628.10M | 24107.80M | 20276.30M |
| Other stockholder equity | 4930.60M | 15584.60M | 10211.40M | 9233.20M | 8421.70M |
| Property plant equipment | 673.40M | 654.10M | 387.60M | 358.60M | 250.40M |
| Total current assets | 5351.70M | 6775.80M | 1785.40M | 1431.00M | 1748.00M |
| Long term investments | - | - | - | 176.10M | 825.20M |
| Net tangible assets | 29672.00M | 30281.80M | 22533.80M | 18805.70M | 15938.60M |
| Short term investments | -93008.20M | 499.60M | -58143.90M | -52819.20M | -43560.40M |
| Net receivables | 1647.00M | 4571.30M | 651.70M | 537.40M | 822.70M |
| Long term debt | 41269.70M | 40171.90M | 22375.10M | 21198.00M | 17437.50M |
| Inventory | 2302.70M | 687.60M | 579.10M | 367.10M | 315.90M |
| Accounts payable | 320.50M | 444.40M | 229.50M | 219.10M | 239.10M |
| Non currrent assets other | 13.00M | 95433.80M | 123.40M | 49.50M | 6.30M |
| Non current assets total | 96037.90M | 99544.50M | 60632.00M | 55066.70M | 47639.60M |
| Capital lease obligations | 837.60M | 836.60M | 495.10M | 470.90M | 99.40M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 938.20M | -912.80M | -912.80M | -912.80M | -912.80M |
| Change to liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total cashflows from investing activities | 938.20M | -19115.80M | -1729.90M | -2505.70M | -3892.50M |
| Net borrowings | -1779.00M | 12384.00M | 444.00M | 1684.20M | 3162.60M |
| Total cash from financing activities | -3145.10M | 18125.00M | 402.60M | 902.80M | 3041.50M |
| Change to operating activities | -106.60M | 51.20M | -134.60M | 55.40M | -3.40M |
| Net income | -669.40M | 2830.90M | 3340.00M | 1294.30M | 2402.80M |
| Change in cash | -130.40M | 819.50M | 112.60M | -47.00M | 281.50M |
| Begin period cash flow | 1432.80M | 613.30M | 500.70M | 547.70M | 266.20M |
| End period cash flow | 1302.40M | 1432.80M | 613.30M | 500.70M | 547.70M |
| Total cash from operating activities | 2084.30M | 1823.90M | 1430.50M | 1555.90M | 1132.50M |
| Issuance of capital stock | 0.00M | 8080.50M | 1003.00M | 744.20M | 1012.00M |
| Depreciation | 1279.10M | 3482.20M | 92.30M | 2175.80M | 737.90M |
| Other cashflows from investing activities | 108.70M | -207.90M | -263.30M | 599.80M | -200.20M |
| Dividends paid | 714.00M | 514.60M | 520.80M | 417.70M | 401.10M |
| Sale purchase of stock | -714.00M | -1040.00M | -40.00M | -40.00M | -40.00M |
| Other cashflows from financing activities | -1717.10M | 23133.10M | 3681.90M | 4242.90M | 4372.20M |
| Change to netincome | 1555.60M | -1005.20M | -1795.20M | 241.70M | -1227.30M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 211.50M |
| Change in working capital | -106.60M | 51.20M | -134.60M | 55.40M | -3.40M |
| Other non cash items | 1581.20M | -4540.40M | -1867.20M | -1969.60M | -2004.80M |
| Free cash flow | 2084.30M | 1823.90M | 1430.50M | 1555.90M | 1132.50M |
Sector: Real Estate Industry: Real Estate Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VNNVF Vonovia SE |
- -% |
17.57 | - | 13.44 | 3.96 | 0.83 | 4.07 | -3.05 |
| CBRE CBRE Group Inc Class A |
0.27 0.21% |
128.85 | 38.92 | 21.37 | 1.09 | 4.95 | 1.28 | 25.73 |
| BEKE Ke Holdings Inc |
0.29 1.66% |
17.71 | 42.90 | 16.92 | 0.33 | 2.33 | 1.66 | 24.07 |
| VTAGY Vantage Towers AG |
- -% |
21.42 | 42.00 | 37.59 | 28.32 | 3.61 | 21.19 | 24.26 |
| VTWRF Vantage Towers AG |
- -% |
40.06 | 40.06 | 36.63 | 27.14 | 3.43 | 20.98 | 24.02 |
Vonovia SE operates as an integrated residential real estate company in Europe. It operates through Rental, Value-Add, Recurring Sales, and Development and Care segments. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and 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. Additionally, it offers inpatient nursing care facilities; and leasing of nursing care properties to third parties. 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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Rolf Eberhard Buch | Chairman of the Management Board & CEO | 1965 |
| Mr. Daniel Joachim Riedl FRICS | Chief Devel. Officer & Member of Management Board | 1969 |
| Ms. Helene von Roeder | Chief Transformation Officer & Member of Management Board | 1970 |
| Mr. Arnd Fittkau | Chief Rental Officer & Member of Management Board | 1973 |
| Mr. Philip Grosse | CFO & Member of Management Board | 1970 |
| Mr. Rene Hoffmann | Head of Investor Relations | NA |
| Klaus Markus | Head of Corp. Communications | NA |
| Dr. Karsten Rech | CIO | NA |
| Mr. Alexander Weihe | Head of Innovation & Bus. Building | NA |
| Dr. Isabel Ohlies | Head of Innovation Management - Innovation & Bus. Building | NA |
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