| Vonovia SE (DE000A1ML7J1) | |||
30,23 EURStand (close): 01.07.25 |
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| Datum / Uhrzeit | Titel | Bewertung |
| 25.06.25 04:29:38 | Should You Investigate Vonovia SE (ETR:VNA) At €30.16? |  |
| Vonovia SE (ETR:VNA) led the XTRA gainers with a relatively large price hike in the past couple of weeks. While good news for shareholders, the company has traded much higher in the past year. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on Vonovia’s outlook and valuation to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. What Is Vonovia Worth? According to our valuation model, the stock is currently overvalued by about 20%, trading at €30.16 compared to our intrinsic value of €25.09. Not the best news for investors looking to buy! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Vonovia’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. See our latest analysis for Vonovia Can we expect growth from Vonovia?XTRA:VNA Earnings and Revenue Growth June 25th 2025 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Vonovia, it is expected to deliver a highly negative revenue growth over the next few years, which doesn’t help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term. What This Means For You Are you a shareholder? If you believe VNA is currently trading above its value, selling high and buying it back up again when its price falls towards its real value can be profitable. Given the uncertainty from negative growth in the future, this could be the right time to reduce your total portfolio risk. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you’ve been keeping an eye on VNA for a while, now may not be the best time to enter into the stock. The company’s price climbed passed its true value, in addition to a risky future outlook. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Should the price fall in the future, will you be well-informed enough to buy? Story Continues If you want to dive deeper into Vonovia, you'd also look into what risks it is currently facing. To help with this, we've discovered 3 warning signs (2 make us uncomfortable!) that you ought to be aware of before buying any shares in Vonovia. If you are no longer interested in Vonovia, you can use our free platform to see our list of over 50 other stocks with a high growth potential. — Weekly Picks from Community Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 20.06.25 09:31:54 | CFOs On the Move: Week ending June 20 | |
| This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Pilar López | Vodafone Vodafone has appointed Pilar López as the new finance chief for the U.K.-based telecom group. She joins Vodafone after a decade at Microsoft, where she held several senior leadership positions. These included chief operating officer for Western Europe, the country general manager for Spain, and, more recently, leading the partnership with the London Stock Exchange Group. Before her time at Microsoft, López spent 16 years at Telefónica in various finance and senior leadership roles, including CFO of Telefónica Europe and CFO of O2 Plc. She began her career at J.P. Morgan. López takes over from Luka Mucic, who announced his departure in May to become CEO of the German property firm Vonovia. Chris Turner | Yum Brands Yum Brands, the parent company of KFC and Taco Bell, has promoted its chief financial and franchise officer, Chris Turner, to chief executive officer, effective Oct. 1. Turner has been the CFO of the fast food company since 2019 and assumed the role of chief franchise officer in 2024. Before joining Yum Brands, he led PepsiCo’s retail and e-commerce business with Walmart. He also spent over 13 years at McKinsey, where he was a partner in the firm’s Dallas office. Turner succeeds David Gibbs, who is retiring after 37 years with the company. Paul Joachimczyk | Sonoco Sonoco hired Paul Joachimczyk as the sustainable packaging company’s new chief financial officer, effective June 30. Joachimczyk was previously the CFO of cabinet manufacturer American Woodmark. Before that, he was vice president of finance for TopBuild, a construction services and distribution company. He earlier held finance leadership positions at Stanley Black & Decker and General Electric’s healthcare and capital markets divisions. Joachimczyk replaces Jerry Cheatham, who has been interim chief financial officer since Jan. 6. Cheatham will transition to a senior finance leadership role. Marc Graff | Ciena Marc Graff will take over as finance chief of high-speed connectivity company Ciena on Aug. 1. Graff was previously CFO of hardware and software solutions provider Altera, where he helped execute the majority sale of Altera from Intel. Before that, he spent over 26 years at Intel and was most recently CFO and chief operating officer for its data center and artificial intelligence group. He previously held other executive finance roles across manufacturing and business units at Intel. Graff succeeds James Moylan, who is retiring. Story Continues Aaron Izzard | ASOS Aaron Izzard, director of group finance at British online fashion retailer ASOS, has been promoted to CFO. Izzard joined the retailer in January 2017 as head of retail finance. Before joining ASOS, he held several leadership roles in finance, including head of operations finance at Argos, head of FP&A at Home Retail Group, and cash flow supervisor at Caterpillar. Izzard succeeds Dave Murray, who is stepping down on June 30. Murray, who joined the retailer as finance chief in April 2024, will remain with ASOS for a transition period. Victoria Payne | Girls on the Run International Victoria Payne was appointed finance chief of Girls on the Run International, a nonprofit that offers empowering after-school programs designed for girls. Payne joins the company from clinical skincare brand Urban Skin Rx, where she was most recently chief executive officer. Before assuming the role of CEO, she served as CFO. Earlier leadership experience includes over 13 years at men’s apparel retailer Mountain Khakis, where she served as CFO, and at home improvement retailer Lowe’s, where she held the position of senior finance manager. Tim Karaca | SolarWinds Tim Karaca was promoted to chief financial officer of SolarWinds, an IT infrastructure management software provider. For three years, Karaca was the group vice president for strategic finance and investor relations. Karaca spent nearly two decades in the technology industry and on Wall Street, working in senior finance roles before joining SolarWinds. His leadership experience spans senior roles at companies such as AIG, Microsoft and Bridgewater Associates. Alice Heathcote | Origis Energy Origis Energy, a renewable energy and decarbonization solution platform, appointed Alice Heathcote as finance chief. Since Jan. 2023, Heathcote was the CFO of renewable energy company Strata Clean Energy. Before joining Strata, she spent seven years at global independent power producer ContourGlobal in several leadership roles, including senior vice president of financing and acquisitions, where she led its IPO on the London Stock Exchange. She earlier spent four years as CFO of its renewable division.Sergio Maiworm, CFO of Expro Sergio Maiworm | Expro Global energy services company Expro named Sergio Maiworm as CFO, effective June 30. Maiworm joins the company from Talos Energy, where he has worked for the last seven years and was most recently its chief financial officer. He has over 20 years of energy and finance experience, including as vice president of energy investment banking at Deutsche Bank, in M&A and commercial finance at Shell and director of finance at ION Geophysical. Maiworm succeeds Quinn Fanning, who is leaving the company. View Comments |
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| 21.03.25 16:00:09 | What Makes Vonovia (VONOY) a New Strong Buy Stock | |
| Vonovia SE Unsponsored ADR (VONOY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. As such, the Zacks rating upgrade for Vonovia is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. For Vonovia, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. Story Continues Earnings Estimate Revisions for Vonovia This company is expected to earn $1.09 per share for the fiscal year ending December 2025, which represents a year-over-year change of 278.7%. Analysts have been steadily raising their estimates for Vonovia. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.2%. Bottom Line Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Vonovia to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vonovia SE Unsponsored ADR (VONOY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 20.03.25 12:31:59 | Vonovia Full Year 2024 Earnings: EPS Misses Expectations | |
| Vonovia (ETR:VNA) Full Year 2024 Results Key Financial Results Revenue: €7.08b (up 18% from FY 2023). Net loss: €922.7m (loss narrowed by 85% from FY 2023). €1.12 loss per share (improved from €7.61 loss in FY 2023). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.XTRA:VNA Earnings and Revenue Growth March 20th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Vonovia EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 84%. Looking ahead, revenue is expected to fall by 27% p.a. on average during the next 3 years compared to a 19% decline forecast for the Real Estate industry in Germany. Performance of the German Real Estate industry. The company's shares are down 2.9% from a week ago. Risk Analysis It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Vonovia (at least 1 which can't be ignored), and understanding these should be part of your investment process. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 19.03.25 07:06:00 | Vonovia Net Loss Narrows as Adjusted Earnings Hit Upper End of Guidance | |
| The real-estate company posted a net loss for 2024 of $1.05 billion compared with $7.40 billion the prior year, and raised its dividend as adjusted earnings hit the upper end of guidance. Continue Reading View Comments |
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| 12.03.25 08:35:14 | Vonovia SE's (ETR:VNA) 12% loss last week hit both individual investors who own 49% as well as institutions | |
| Key Insights Vonovia's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 25 investors have a majority stake in the company with 44% ownership Institutional ownership in Vonovia is 37% A look at the shareholders of Vonovia SE (ETR:VNA) can tell us which group is most powerful. With 49% stake, retail investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Following a 12% decrease in the stock price last week, retail investors suffered the most losses, but institutions who own 37% stock also took a hit. In the chart below, we zoom in on the different ownership groups of Vonovia. Check out our latest analysis for Vonovia XTRA:VNA Ownership Breakdown March 12th 2025 What Does The Institutional Ownership Tell Us About Vonovia? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in Vonovia. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Vonovia's earnings history below. Of course, the future is what really matters.XTRA:VNA Earnings and Revenue Growth March 12th 2025 Vonovia is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Norges Bank Investment Management with 14% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.7% of common stock, and The Vanguard Group, Inc. holds about 4.0% of the company stock. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of Vonovia The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Story Continues I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We note our data does not show any board members holding shares, personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO. General Public Ownership The general public, who are usually individual investors, hold a 49% stake in Vonovia. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Vonovia (of which 1 is significant!) you should know about. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this freereport on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 30.01.25 13:20:33 | A Look At The Intrinsic Value Of Vonovia SE (ETR:VNA) |  |
| Key Insights The projected fair value for Vonovia is €29.75 based on 2 Stage Free Cash Flow to Equity Vonovia's €28.46 share price indicates it is trading at similar levels as its fair value estimate Our fair value estimate is 20% lower than Vonovia's analyst price target of €37.04 How far off is Vonovia SE (ETR:VNA) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. Check out our latest analysis for Vonovia The Calculation We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (€, Millions) €1.96b €1.82b €1.98b €2.06b €2.10b €2.13b €2.16b €2.19b €2.22b €2.24b Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x1 Analyst x1 Est @ 1.92% Est @ 1.63% Est @ 1.43% Est @ 1.29% Est @ 1.19% Est @ 1.12% Present Value (€, Millions) Discounted @ 9.2% €1.8k €1.5k €1.5k €1.4k €1.4k €1.3k €1.2k €1.1k €1.0k €930 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF) = €13b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.0%. We discount the terminal cash flows to today's value at a cost of equity of 9.2%. Story Continues Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €2.2b× (1 + 1.0%) ÷ (9.2%– 1.0%) = €27b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €27b÷ ( 1 + 9.2%)10= €11b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €24b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of €28.5, the company appears about fair value at a 4.3% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.XTRA:VNA Discounted Cash Flow January 30th 2025 The Assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Vonovia as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.2%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. SWOT Analysis for Vonovia Strength No major strengths identified for VNA. Weakness Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Real Estate market. Opportunity Expected to breakeven next year. Has sufficient cash runway for more than 3 years based on current free cash flows. Current share price is below our estimate of fair value. Threat Debt is not well covered by operating cash flow. Paying a dividend but company is unprofitable. Revenue is forecast to decrease over the next 2 years. Moving On: Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Vonovia, we've compiled three important items you should explore: Risks: For instance, we've identified 2 warning signs for Vonovia (1 is significant) you should be aware of. Future Earnings: How does VNA's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the XTRA every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 25.12.24 07:22:01 | Why Vonovia SE (ETR:VNA) Could Be Worth Watching | |
| Vonovia SE (ETR:VNA) received a lot of attention from a substantial price movement on the XTRA over the last few months, increasing to €33.57 at one point, and dropping to the lows of €28.77. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Vonovia's current trading price of €29.29 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Vonovia’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. See our latest analysis for Vonovia What Is Vonovia Worth? According to our valuation model, Vonovia seems to be fairly priced at around 1.5% below our intrinsic value, which means if you buy Vonovia today, you’d be paying a reasonable price for it. And if you believe the company’s true value is €29.75, then there’s not much of an upside to gain from mispricing. Is there another opportunity to buy low in the future? Since Vonovia’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. What kind of growth will Vonovia generate?XTRA:VNA Earnings and Revenue Growth December 25th 2024 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. However, with an extreme expected decline in the top-line over the next couple of years, near-term growth is certainly not a driver of a buy decision. Even with a larger decline in expenses, it seems like high uncertainty is on the cards for Vonovia. What This Means For You Are you a shareholder? Currently, VNA appears to be trading around its fair value, but given the uncertainty from negative returns in the future, this could be the right time to de-risk your portfolio. Is your current exposure to the stock beneficial for your total portfolio? And is the opportunity cost of holding a negative-outlook stock too high? Before you make a decision on the stock, take a look at whether its fundamentals have changed. Are you a potential investor? If you’ve been keeping an eye on VNA for a while, now may not be the most advantageous time to buy, given it is trading around its fair value. The price seems to be trading at fair value, which means there’s less benefit from mispricing. Furthermore, the negative growth outlook increases the risk of holding the stock. However, there are also other important factors we haven’t considered today, which can help gel your views on VNA should the price fluctuate below its true value. Story Continues If you'd like to know more about Vonovia as a business, it's important to be aware of any risks it's facing. For example, Vonovia has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about. If you are no longer interested in Vonovia, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 06.11.24 06:37:00 | Vonovia After-Tax Loss Narrows, Confirms Guidance | |
| The real-estate company posted a net loss of 592 million euros for the first nine months of 2024, and continues to expect its full-year result to reach the upper end of its guidance range. Continue reading View comments |
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| 16.10.24 15:57:14 | Apollo Sees $75 Trillion Gap in Private Credit’s ‘Next Frontier’ | |
| (Bloomberg) -- In its quest to double its size by 2029, Apollo Global Management Inc. is ramping up its ability to write jumbo checks to high-grade corporations as it delves deeper into what it calls private credit’s next frontier. Most Read from Bloomberg Inside the ‘Utopias’ of Mexico City How Mexico City Averted All-Out Drought Dubai’s Allure to Expats Is Weighing on City’s Infrastructure Mexico Seeks to Halve Permitting Time to Attract More Factories One City’s Plan to Re-Link a Neighborhood That Robert Moses Divided The alternative-asset manager is making its high-grade capital-solutions business a key plank in its growth strategy and is beefing up resources for the unit, Apollo Co-President Scott Kleinman said in an interview. “Companies that are extremely well-capitalized are calling us to find out more about these types of deals,” Kleinman said. “We think investment-grade capital solutions are the next frontier of private credit.” Capital solutions deals provide flexible lending arrangements, and they’ve grown in popularity among alternative-asset managers that are eager to capitalize on banks’ pullback in lending. Borrowers can expect to cough up roughly 2% more than what they would pay to issue a bond, Kleinman said, but they can often get longer duration, as well as some added sweeteners. Apollo has underwritten $18 billion worth of such deals over the past year for companies such as Intel Corp., Vonovia SE, Air France-KLM and BP Plc. The firm estimates that high-grade corporations have $75 trillion of capital expenditure and investment needs over next decade across sectors such as energy transition and digital infrastructure, as well as power and utilities. During its investor day earlier this month, Apollo said it forecasts assets under management to increase to $1.5 trillion over the next five years. Apollo also projects that earnings at its Athene insurance arm, which is integral to its private credit business, will increase 10% annually on average over the next five years. Apollo often places investment-grade products from its capital solutions business on the balance sheets of Athene and other third-party insurers that seek high-yielding assets. Since insurers typically purchase assets with investment-grade ratings, Apollo’s capital solutions business hinges on finding that alignment. European Market When the European Central Bank began raising interest rates in 2022, it sent property prices tumbling — pushing up landlords’ relative indebtedness and increasing the risk of default. Landlords rushed to sell assets, only to find many buyers wouldn’t pay anything close to the asking price. If they sold properties at a steep discount, landlords risked going even deeper into debt. Story continues “As European businesses face these massive investment needs, private capital can play a really important role, especially if they want something custom that’s secured by assets or cash flows or is longer dated,” Kleinman said. German real estate — which borrowed heavily during the negative rate-driven property boom — has been a fruitful hunting ground for Apollo’s capital solutions business. The firm struck a trio of deals totaling more than €3 billion ($3.3 billion) with Vonovia, the country’s largest residential landlord, giving Apollo minority stakes in vast portfolios of German housing. In the first deal, Vonovia sold a 30% stake in a portfolio of 21,000 homes in Germany’s Baden-Wuerttemberg, a transaction that provided a blueprint for subsequent trades. Despite buying a minority stake, Apollo’s investors get about 70% of the dividends generated by the homes. Vonovia manages the properties without charging asset-management fees. The deal drew close scrutiny from ratings agencies, but once it became clear Vonovia wouldn’t risk a downgrade, the firm sold a minority stake in a northern German portfolio to Apollo on similar terms. And this month the firms announced a third transaction for a stake in a company that will hold 20% of Vonovia’s shares in Deutsche Wohnen, the rival landlord it bought at the top of the market just as inflation began to accelerate. Details of that transaction weren’t disclosed. Most Read from Bloomberg Businessweek Why OpenAI Is at War With an Obscure Idea Man How Starbucks’ Colorful, Sugary Drinks Turned Kids Into Customers for Life A Fentanyl Vaccine Is a Long Shot That Just Might Work The World’s Central Banks Aren’t Following the Fed’s Lead Anymore When a Miracle Cure Is Left on the Shelf ©2024 Bloomberg L.P. View comments |
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