VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VNO - US9290421091 - REIT
36.49 USD
-0.24 (-0.65%)
36.49 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 only an average score on both its financial health and profitability. VNO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year VNO was profitable.
In the past year VNO had a positive cash flow from operations.
In multiple years VNO reported negative net income over the last 5 years.
Each year in the past 5 years VNO had a positive operating cash flow.
1.2 Ratios
VNO has a Return On Assets of 5.36%. This is amongst the best in the industry. VNO outperforms 96.09% of its industry peers.
VNO has a better Return On Equity (13.90%) than 94.53% 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.
The Average Return On Invested Capital over the past 3 years for VNO is in line with the industry average of 3.06%.
| 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's Profit Margin of 46.48% is amongst the best of the industry. VNO outperforms 96.09% of its industry peers.
In the last couple of years the Profit Margin of VNO has declined.
The Operating Margin of VNO (14.75%) is worse than 66.41% of its industry peers.
In the last couple of years the Operating Margin of VNO has declined.
Looking at the Gross Margin, with a value of 49.19%, VNO is doing worse than 77.34% of the companies in the same industry.
In the last couple of years the Gross Margin of VNO has declined.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VNO is destroying value.
Compared to 1 year ago, VNO has more shares outstanding
Compared to 5 years ago, VNO has about the same amount of shares outstanding.
The debt/assets ratio for VNO is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.37, we must say that VNO is in the distress zone and has some risk of bankruptcy.
VNO has a Altman-Z score of 0.37. This is comparable to the rest of the industry: VNO outperforms 43.75% of its industry peers.
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.
The Debt to FCF ratio of VNO (11.23) is better 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 | 0.37 |
ROIC/WACC0.24
WACC6.13%
2.3 Liquidity
A Current Ratio of 1.67 indicates that VNO should not have too much problems paying its short term obligations.
VNO has a better Current ratio (1.67) than 76.56% of its industry peers.
A Quick Ratio of 1.67 indicates that VNO should not have too much problems paying its short term obligations.
VNO's Quick ratio of 1.67 is fine compared to the rest of the industry. VNO outperforms 76.56% of its industry peers.
| 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
The Revenue has been growing slightly by 2.41% in the past year.
The Revenue has been decreasing by -1.47% on average over the past years.
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 Y3435%
EPS Next 2Y-50.08%
EPS Next 3Y72.98%
EPS Next 5Y68.63%
Revenue Next Year0.73%
Revenue Next 2Y1.83%
Revenue Next 3Y3.1%
Revenue Next 5Y3.95%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 8.69, which indicates a very decent valuation of VNO.
Based on the Price/Earnings ratio, VNO is valued cheaply inside the industry as 97.66% of the companies are valued more expensively.
VNO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.15.
VNO is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.69 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VNO is valued a bit more expensive than the industry average as 75.78% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VNO indicates a rather cheap valuation: VNO is cheaper than 87.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.95 | ||
| EV/EBITDA | 17.66 |
4.3 Compensation for Growth
The 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 72.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y-50.08%
EPS Next 3Y72.98%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, VNO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.34, VNO's dividend is way lower than its industry peers. On top of this 85.16% of the companies listed in the same industry pay a better dividend than VNO!
Compared to an average S&P500 Dividend Yield of 2.32, VNO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
5.2 History
The dividend of VNO decreases each year by -18.14%.
VNO has paid a dividend for at least 10 years, which is a reliable track record.
VNO has decreased its dividend recently.
Dividend Growth(5Y)-18.14%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
24.09% of the earnings are spent on dividend by VNO. This is a low number and sustainable payout ratio.
DP24.09%
EPS Next 2Y-50.08%
EPS Next 3Y72.98%
36.49
-0.24 (-0.65%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners97.51%
Inst Owner Change-1.34%
Ins Owners6.48%
Ins Owner Change-0.43%
Market Cap7.01B
Revenue(TTM)1.81B
Net Income(TTM)843.45M
Analysts55.45
Price Target40.51 (11.02%)
Short Float %3.99%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
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)0.76%
PT rev (3m)1.61%
EPS NQ rev (1m)157.14%
EPS NQ rev (3m)146.16%
EPS NY rev (1m)0%
EPS NY rev (3m)40.7%
Revenue NQ rev (1m)0.89%
Revenue NQ rev (3m)-0.96%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.69 | ||
| Fwd PE | N/A | ||
| P/S | 3.86 | ||
| P/FCF | 10.95 | ||
| P/OCF | 5.32 | ||
| P/B | 1.16 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 17.66 |
EPS(TTM)4.2
EY11.51%
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)3.33
FCFY9.13%
OCF(TTM)6.86
OCFY18.81%
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 | 0.37 |
F-Score8
WACC6.13%
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 Y3435%
EPS Next 2Y-50.08%
EPS Next 3Y72.98%
EPS Next 5Y68.63%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y4%
Revenue growth 5Y-1.47%
Sales Q2Q%2.36%
Revenue Next Year0.73%
Revenue Next 2Y1.83%
Revenue Next 3Y3.1%
Revenue Next 5Y3.95%
EBIT growth 1Y10.68%
EBIT growth 3Y2.23%
EBIT growth 5Y-9.15%
EBIT Next Year194.44%
EBIT Next 3Y41.43%
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 8.69 and the Price/Book (PB) ratio is 1.16.
Can you provide the financial health for VNO stock?
The financial health rating of VORNADO REALTY TRUST (VNO) is 4 / 10.