Deutsche Wohnen DWNI.DE
GermanyReal Estate · Real Estate ServicesXetra · EUR
18.21 EUR (+18.7%)
2 analysts
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Deutsche Wohnen SE is one of Germany's largest residential real estate companies, owning and managing around 150,000 homes, mainly in Berlin and other major cities, generating income from rents and portfolio sales.
Listed on Xetra · Symbol DWNI.DE · ETR: DWNI · Currency EUR
Key points
from its scores- ✕Weak growth0.1
- ✕Little or no dividend0.3
- ✕Poor share-price trend1.6
AI analysis
bottom line, main risk, context and newsThe risk profile is high due to leverage and regulation, with no clear catalysts for re-rating in the short term.
Deutsche Wohnen shows a highly leveraged balance sheet (Net Debt/EBITDA of 21.7) and a -19.1% revenue decline, with a dividend that consumes all earnings (payout of 1.05). Rent regulation and the ECB raising rates limit any near-term improvement.
The main risk is extreme leverage (Net Debt/EBITDA of 21.7) combined with a rising rate environment in the eurozone, which makes refinancing more expensive and may force asset sales or dividend cuts.
Context and risks
Deutsche Wohnen's business is concentrated in the German residential market, subject to active rent regulation (Mietendeckel and rent control laws) that limits its ability to pass inflation through to income. The sharp revenue decline and high leverage (Net Debt/EBITDA of 21.7) amplify sensitivity to a rising rate environment in the eurozone, where the ECB has hiked rates and further hikes are priced in.
Is Deutsche Wohnen stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 76% below the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 4.0 | 21.6 | −81% |
| EV / EBITDA | 40.4 | 18.5 | +119% |
| Price / book | 0.4 | 1.4 | −71% |
| Price / sales | 3.9 | 6.3 | −39% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.2 out of 10 (median for Real Estate: 4.9).
Average analyst target: 18.21 EUR, +18.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.9 (sector 5.5), Growth 0.1 (sector 5.7).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 4.0
- Forward P/E
- 5.3
- EV / EBITDA
- 40.4
- Price / book
- 0.4
- Price / sales
- 3.9
- PEG
- 1.92
- Market cap
- 6.1B EUR
- Enterprise value
- 14.1B EUR
Profitability
- ROE
- 11.0%
- ROA
- 1.5%
- ROIC (approx.)
- 3.0%
- Gross margin
- 53.9%
- Operating margin
- 42.3%
- Net margin
- 99.6%
- Free cash flow
- 275.0M EUR
- FCF yield
- 4.5%
- Cash conversion
- 79%
Solvency
- Total debt
- 7.7B EUR
- Net debt
- 7.6B EUR
- Cash
- 98.9M EUR
- EBITDA
- 347.7M EUR
- Net debt / EBITDA
- 21.74
- Debt / equity
- 51.29
- Current ratio
- 0.82
- Quick ratio
- 0.11
Growth
- Revenue growth
- −19.1%
- EPS (TTM)
- 3.81 EUR
- EPS (forward)
- 2.88 EUR
Dividend
- Dividend yield
- 0.3%
- Payout
- 1.1%
Risk and market
- Beta
- 1.18
- Analyst consensus
- Hold (2)
- Target price
- 18.21 EUR
- 52-week range
- 15.26 – 23.95
Recent news
All DWNI.DE news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Deutsche Wohnen
Is Deutsche Wohnen stock cheap or expensive?
On P/E and Price / book, it trades 76% below the Real Estate median on average. Valuation score: 5.2 out of 10 (median for Real Estate: 4.9). Average analyst target: 18.21 EUR, +18.7% versus the price. This is not investment advice.
What score does Deutsche Wohnen get on MeridIAn Screener?
It scores 3.2 out of 10, rank 2,056 of 2,130 (better than 3% of the companies analysed). Its strongest category is Quality / Moat (5.2) and its weakest, Growth (0.1). Analysis of 08/10/2026.
What is Deutsche Wohnen's P/E ratio?
Its P/E is 4.0: the share price equals 4.0 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 5.3.
How much is Deutsche Wohnen worth on the stock market?
Its market capitalisation is 6.1B EUR.
Does Deutsche Wohnen pay a dividend?
Yes: its dividend yield is 0.26% and it pays out 1% of its earnings.
How has Deutsche Wohnen stock performed over the last year?
It has fallen 30.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 15.26 and 23.95 EUR. Past performance does not guarantee future results.
What do analysts think of Deutsche Wohnen?
2 analysts cover it; their average recommendation is “Hold” and their average target is 18.21 EUR (+18.7% versus the price). It is an estimate, not market data.