Deutsche Wohnen
Note: This is a daily stock update and the information stands true as of 19/12/24, 09:00 CET.
Company Update:
Expert Opinion:
In all, we disagree with the expert choices for a series of reasons which are detailed in the paper. Both documents conclude that Vonovia’s 2021-22 investment of €18.3bn at €53 per share is now valued at €8.2bn (approximately €25 per share) which is strangely convenient. If you own any Deutsche Wohnen shares we strongly suggest you go through the paper and book a call with our (very) seasoned analyst on the sector.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
Company Update:
We release a detailed paper this morning regarding the fairness (or lack thereof) of the Vonovia bid on Deutsche Wohnen. We have gone through the 133 p fairness assessment report by the expert and the 271p contract report. Both documents primarily use a discounted cash flow method, excluding asset value. Certain conceptual choices significantly increase Vonovia’s valuation while decreasing Deutsche Wohnen’s. We suspect the proposed exchange ratio is inappropriate.
In all, we disagree with the expert choices for a series of reasons which are detailed in the paper. Both documents conclude that Vonovia’s 2021-22 investment of €18.3bn at €53 per share is now valued at €8.2bn (approximately €25 per share) which is strangely convenient. If you own any Deutsche Wohnen shares we strongly suggest you go through the paper and book a call with our (very) seasoned analyst on the sector.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
Subscribe to our blog
