Analyse Vonovia stock

Plausibility check: confirmed
Current price: 22.40 EUR, Consensus price target: 30.20 EUR, which corresponds to around +34.8% potential. For Vonovia, despite the challenging environment, this is still plausible because the stock is highly sensitive to interest rates and can appreciate significantly even with moderate normalization of financing costs, real estate valuations and transaction markets.

Quantitative: The stated P/E ratio of 10.36 seems cheap at first glance, but is only of limited significance for real estate companies; More relevant are NAV/substance ratio, debt, FFO/AFFO and EV/EBITDA. Based on the market capitali...