Deutsche Wohnen SE

DWNI.DE

Real Estate - Development · Real Estate

Price

€17.96

-0.04 (-0.22%)

Market Cap

€7.13B

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Strong

Cash Flow

Good

Stability

Exceptional

Valuation

Good

Dividends

Weak

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Share count rising — dilution

+10.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 358.5M (2021) → 396.9M (2025)

Winston Score History

The full picture

Deutsche Wohnen SE is a German real estate company that owns and rents out apartments to everyday people. It focuses on residential housing, meaning its main customers are ordinary tenants looking for a place to live. The company is one of the largest residential landlords in Germany, with most of its properties concentrated in Berlin and other major German cities.

Deutsche Wohnen makes money primarily by collecting rent from its tenants, which provides a steady and recurring stream of income. The company is majority-owned by Vonovia SE, Germany's largest residential real estate company, which acquired a controlling stake in 2021. Its main competitive advantage is its large portfolio of well-located urban apartments in tight housing markets, but its key risk is Germany's strict rent control regulations, which limit how much landlords can raise rents and could pressure future revenue growth.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+187.5% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

87.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€99M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Deutsche Wohnen SE is growing revenue at 5% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

96.4%

Excellent — 96.4% operating margin

Return on the money invested

ROCE

7.3%

Weak — 7.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+21.5%

Fast-growing sales (+21.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

34%

Weak — only 34% of profit becomes cash

Spare cash per sale

FCF Margin

35.7%

Converts sales into free cash efficiently (35.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.42

Conservative — low debt load (0.42)

Covers its interest

Interest Cover

100.00x

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

4.5x

Attractive valuation — P/E 4.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-3.5

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

0.22%

Small dividend — 0.22% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-94.2%

Dividend cut (-94.2% YoY) — warning sign

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