Added to YB: 2024-01-02
Pitch date: 2024-01-02
VONOY [bullish]
Vonovia SE
-8.4%
current return
Author Info
No bio for this author
Company Info
Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development.
Market Cap
EUR 21.3B
Pitch Price
EUR 25.90
Price Target
70.00 (+189%)
Dividend
4.80%
EV/EBITDA
32.86
P/E
7.88
EV/Sales
8.93
Sector
Real Estate Management and Development
Category
growth
Vonovia: The Bears Are Capitulating
$VONOY Vonovia: Germ. RE leader to grow w/ recuperating rates & tight housing mkt; owns 550K units+dev+services; 0.3x NAV on delever & price drop fears but beat dispose tgt, maintain ratings+fund to '25; prices stabilized, to rise w/ mortg. rates; NAV to grow on rent+low rates+buyback/JV; now €28.5 vs €50.5 book, <0.6x NAV, tgt €70 3-4yrs
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