Deutsche Wohnen SE (DWNI.DE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-1278.2%

-€179.33

vs €15.22 price

Levered DCF

-€26.77

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.9

Distress zone

Rating

A+

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	7.16×	-15.47×	-3.52×	-18.25×	15.09×	10.07×	8.53×	7.84×
P/B	0.58×	0.7×	0.7×	0.48×	0.79×	1.13×	1.02×	1.24×
P/S	6.09×	7.72×	8.93×	9.11×	11.69×	5.39×	5.61×	9.99×
EV / EBITDA	18.67×	-48.4×	-6.08×	-48.77×	11.37×	8.09×	7.15×	6.14×
Gross margin	0.6%	26.6%	35.8%	30.2%	52.6%	33.8%	48.6%	52.4%
Operating margin	15.2%	48.8%	48.1%	44.0%	35.7%	22.9%	33.7%	45.8%
Net margin	84.9%	-50.1%	-253.5%	-50.1%	77.3%	53.6%	66.0%	127.5%
Current ratio	0.68×	1.54×	0.19×	56.74×	3.37×	1.89×	1.67×	1.67×
Debt / equity	0.57×	0.64×	0.63×	0.56×	0.58×	0.4×	0.33×	0.25×
Interest coverage	1.28×	3.28×	3.02×	2.87×	3.18×	4.7×	5.46×	5.4×
Dividend yield	0.2%	0.2%	0.2%	0.2%	2.7%	2.1%	1.7%	1.4%
Payout ratio	1.4%	-2.8%	-0.6%	-3.7%	40.4%	20.7%	14.8%	10.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.1%	-4.5%	-19.8%	-2.7%	5.2%	11.3%	12.0%	15.9%
Return on invested capital	0.8%	2.2%	1.5%	0.8%	0.6%	1.5%	2.2%	1.9%
Return on assets	4.3%	-2.2%	-9.9%	-1.4%	2.6%	4.9%	5.5%	7.3%
Free cash flow yield	7.1%	8.0%	4.0%	-8.1%	-8.1%	-8.0%	-7.0%	4.3%
Earnings yield	14.0%	-6.5%	-28.4%	-5.5%	6.6%	9.9%	11.8%	12.8%
Enterprise value	€15.8B	€17.1B	€17.9B	€16.8B	€22.4B	€19.9B	€16.5B	€16.9B
Net debt / EBITDA	8.98×	-22.6×	-2.85×	-25.83×	4.63×	1.92×	1.5×	0.93×
Cash conversion cycle (days)	-4	422	194	948	142	46	95	122