VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VNO - US9290421091 - REIT
34.52 USD
+0.44 (+1.29%)
34.52 USD
0 (0%)
Overall VNO gets a fundamental rating of 4 out of 10. We evaluated VNO against 128 industry peers in the Diversified REITs industry. VNO has an average financial health and profitability rating. VNO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
VNO had positive earnings in the past year.
In the past year VNO had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: VNO reported negative net income in multiple years.
In the past 5 years VNO always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 5.36%, VNO belongs to the best of the industry, outperforming 96.09% of the companies in the same industry.
VNO has a Return On Equity of 13.90%. This is amongst the best in the industry. VNO outperforms 91.41% of its industry peers.
VNO has a Return On Invested Capital of 1.44%. This is in the lower half of the industry: VNO underperforms 77.34% of its industry peers.
VNO had an Average Return On Invested Capital over the past 3 years of 1.48%. This is in line with the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.36% | ||
| ROE | 13.9% | ||
| ROIC | 1.44% |
ROA(3y)-0.72%
ROA(5y)-0.74%
ROE(3y)-2.02%
ROE(5y)-1.95%
ROIC(3y)1.48%
ROIC(5y)1.27%
1.3 Margins
VNO has a Profit Margin of 46.48%. This is amongst the best in the industry. VNO outperforms 96.09% of its industry peers.
In the last couple of years the Profit Margin of VNO has declined.
VNO's Operating Margin of 14.75% is on the low side compared to the rest of the industry. VNO is outperformed by 66.41% of its industry peers.
In the last couple of years the Operating Margin of VNO has declined.
VNO has a worse Gross Margin (49.19%) than 77.34% of its industry peers.
VNO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.75% | ||
| PM (TTM) | 46.48% | ||
| GM | 49.19% |
OM growth 3Y-1.7%
OM growth 5Y-7.8%
PM growth 3Y-58.25%
PM growth 5Y-68.97%
GM growth 3Y-1.17%
GM growth 5Y-1.66%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VNO is destroying value.
VNO has more shares outstanding than it did 1 year ago.
The number of shares outstanding for VNO remains at a similar level compared to 5 years ago.
VNO has a worse debt/assets ratio than last year.
2.2 Solvency
VNO has an Altman-Z score of 0.34. This is a bad value and indicates that VNO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of VNO (0.34) is comparable to the rest of the industry.
VNO has a debt to FCF ratio of 11.23. This is a negative value and a sign of low solvency as VNO would need 11.23 years to pay back of all of its debts.
VNO has a better Debt to FCF ratio (11.23) than 89.06% of its industry peers.
A Debt/Equity ratio of 1.18 is on the high side and indicates that VNO has dependencies on debt financing.
VNO has a Debt to Equity ratio of 1.18. This is comparable to the rest of the industry: VNO outperforms 55.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 11.23 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.24
WACC6.12%
2.3 Liquidity
A Current Ratio of 1.67 indicates that VNO should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.67, VNO is in the better half of the industry, outperforming 76.56% of the companies in the same industry.
A Quick Ratio of 1.67 indicates that VNO should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.67, VNO is doing good in the industry, outperforming 76.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 5900.00% over the past year.
The earnings per share for VNO have been decreasing by -57.97% on average. This is quite bad
VNO shows a small growth in Revenue. In the last year, the Revenue has grown by 2.41%.
VNO shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.47% yearly.
EPS 1Y (TTM)5900%
EPS 3Y-58.75%
EPS 5Y-57.97%
EPS Q2Q%160%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y4%
Revenue growth 5Y-1.47%
Sales Q2Q%2.36%
3.2 Future
VNO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 68.63% yearly.
VNO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.95% yearly.
EPS Next Y6877.41%
EPS Next 2Y0.5%
EPS Next 3Y51.12%
EPS Next 5Y68.63%
Revenue Next Year-0.5%
Revenue Next 2Y0.83%
Revenue Next 3Y2.02%
Revenue Next 5Y3.95%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.22, the valuation of VNO can be described as reasonable.
Based on the Price/Earnings ratio, VNO is valued cheaper than 94.53% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.28. VNO is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 854.46, which means the current valuation is very expensive for VNO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VNO indicates a slightly more expensive valuation: VNO is more expensive than 60.16% of the companies listed in the same industry.
VNO's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.22 | ||
| Fwd PE | 854.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VNO is valued a bit more expensive than the industry average as 70.31% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, VNO is valued cheaper than 85.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.36 | ||
| EV/EBITDA | 16.98 |
4.3 Compensation for Growth
VNO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VNO's earnings are expected to grow with 51.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y0.5%
EPS Next 3Y51.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.09%, VNO has a reasonable but not impressive dividend return.
With a Dividend Yield of 2.09, VNO pays less dividend than the industry average, which is at 6.59. 83.59% of the companies listed in the same industry pay a better dividend than VNO!
VNO's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.09% |
5.2 History
The dividend of VNO decreases each year by -18.14%.
VNO has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of VNO decreased recently.
Dividend Growth(5Y)-18.14%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
VNO pays out 24.09% of its income as dividend. This is a sustainable payout ratio.
DP24.09%
EPS Next 2Y0.5%
EPS Next 3Y51.12%
34.52
+0.44 (+1.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.78%
Inst Owner Change-1.33%
Ins Owners6.48%
Ins Owner Change-0.43%
Market Cap6.63B
Revenue(TTM)1.81B
Net Income(TTM)843.45M
Analysts66.32
Price Target40.29 (16.71%)
Short Float %3.99%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.09% |
Yearly Dividend1.07
Dividend Growth(5Y)-18.14%
DP24.09%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2187.66%
Min EPS beat(2)248.52%
Max EPS beat(2)4126.8%
EPS beat(4)4
Avg EPS beat(4)1156.84%
Min EPS beat(4)119.8%
Max EPS beat(4)4126.8%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.86%
Min Revenue beat(2)-4.75%
Max Revenue beat(2)3.03%
Revenue beat(4)3
Avg Revenue beat(4)0.16%
Min Revenue beat(4)-4.75%
Max Revenue beat(4)3.03%
Revenue beat(8)4
Avg Revenue beat(8)-0.95%
Revenue beat(12)6
Avg Revenue beat(12)23.83%
Revenue beat(16)9
Avg Revenue beat(16)24.41%
PT rev (1m)-2.3%
PT rev (3m)3.27%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)157.14%
EPS NY rev (1m)97.38%
EPS NY rev (3m)177.72%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.75%
Revenue NY rev (1m)-1.22%
Revenue NY rev (3m)-2.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.22 | ||
| Fwd PE | 854.46 | ||
| P/S | 3.65 | ||
| P/FCF | 10.36 | ||
| P/OCF | 5.03 | ||
| P/B | 1.09 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 16.98 |
EPS(TTM)4.2
EY12.17%
EPS(NY)0.04
Fwd EY0.12%
FCF(TTM)3.33
FCFY9.65%
OCF(TTM)6.86
OCFY19.88%
SpS9.45
BVpS31.58
TBVpS31
PEG (NY)0
PEG (5Y)N/A
Graham Number54.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.36% | ||
| ROE | 13.9% | ||
| ROCE | 1.83% | ||
| ROIC | 1.44% | ||
| ROICexc | 1.55% | ||
| ROICexgc | 1.61% | ||
| OM | 14.75% | ||
| PM (TTM) | 46.48% | ||
| GM | 49.19% | ||
| FCFM | 35.27% |
ROA(3y)-0.72%
ROA(5y)-0.74%
ROE(3y)-2.02%
ROE(5y)-1.95%
ROIC(3y)1.48%
ROIC(5y)1.27%
ROICexc(3y)1.57%
ROICexc(5y)1.37%
ROICexgc(3y)1.63%
ROICexgc(5y)1.42%
ROCE(3y)1.87%
ROCE(5y)1.61%
ROICexgc growth 3Y2.74%
ROICexgc growth 5Y-7.36%
ROICexc growth 3Y3.14%
ROICexc growth 5Y-7.55%
OM growth 3Y-1.7%
OM growth 5Y-7.8%
PM growth 3Y-58.25%
PM growth 5Y-68.97%
GM growth 3Y-1.17%
GM growth 5Y-1.66%
F-Score8
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 11.23 | ||
| Debt/EBITDA | 9.59 | ||
| Cap/Depr | 140.83% | ||
| Cap/Sales | 37.38% | ||
| Interest Coverage | 0.84 | ||
| Cash Conversion | 175.93% | ||
| Profit Quality | 75.87% | ||
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 0.34 |
F-Score8
WACC6.12%
ROIC/WACC0.24
Cap/Depr(3y)148.23%
Cap/Depr(5y)165.12%
Cap/Sales(3y)40.05%
Cap/Sales(5y)44.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5900%
EPS 3Y-58.75%
EPS 5Y-57.97%
EPS Q2Q%160%
EPS Next Y6877.41%
EPS Next 2Y0.5%
EPS Next 3Y51.12%
EPS Next 5Y68.63%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y4%
Revenue growth 5Y-1.47%
Sales Q2Q%2.36%
Revenue Next Year-0.5%
Revenue Next 2Y0.83%
Revenue Next 3Y2.02%
Revenue Next 5Y3.95%
EBIT growth 1Y10.68%
EBIT growth 3Y2.23%
EBIT growth 5Y-9.15%
EBIT Next Year178.69%
EBIT Next 3Y39.54%
EBIT Next 5Y26.08%
FCF growth 1Y486.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y95.02%
OCF growth 3Y-10.96%
OCF growth 5Y-4.09%
VORNADO REALTY TRUST / VNO FAQ
Can you provide the ChartMill fundamental rating for VORNADO REALTY TRUST?
ChartMill assigns a fundamental rating of 4 / 10 to VNO.
Can you provide the valuation status for VORNADO REALTY TRUST?
ChartMill assigns a valuation rating of 6 / 10 to VORNADO REALTY TRUST (VNO). This can be considered as Fairly Valued.
Can you provide the profitability details for VORNADO REALTY TRUST?
VORNADO REALTY TRUST (VNO) has a profitability rating of 4 / 10.
What are the PE and PB ratios of VORNADO REALTY TRUST (VNO) stock?
The Price/Earnings (PE) ratio for VORNADO REALTY TRUST (VNO) is 8.22 and the Price/Book (PB) ratio is 1.09.
Can you provide the financial health for VNO stock?
The financial health rating of VORNADO REALTY TRUST (VNO) is 4 / 10.