VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VNO - US9290421091 - REIT
33.37 USD
-0.19 (-0.57%)
33.37 USD
0 (0%)
VNO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. Both the profitability and the financial health of VNO get a neutral evaluation. Nothing too spectacular is happening here. VNO is not valued too expensively and it also shows a decent 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.
In multiple years VNO reported negative net income over the last 5 years.
VNO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VNO's Return On Assets of 5.36% is amongst the best of the industry. VNO outperforms 96.09% of its industry peers.
VNO's Return On Equity of 13.90% is amongst the best of the industry. VNO outperforms 91.41% of its industry peers.
With a Return On Invested Capital value of 1.44%, VNO is not doing good in the industry: 77.34% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for VNO 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
With an excellent Profit Margin value of 46.48%, VNO belongs to the best of the industry, outperforming 96.09% of the companies in the same industry.
In the last couple of years the Profit Margin of VNO has declined.
VNO has a Operating Margin of 14.75%. This is in the lower half of the industry: VNO underperforms 66.41% of its industry peers.
VNO's Operating Margin has declined in the last couple of years.
The Gross Margin of VNO (49.19%) is worse 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
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
The number of shares outstanding for VNO remains at a similar level compared to 5 years ago.
The debt/assets ratio for VNO is higher compared to a year ago.
2.2 Solvency
VNO has an Altman-Z score of 0.33. This is a bad value and indicates that VNO is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.33, VNO is in line with its industry, outperforming 40.63% of the companies in the same industry.
The Debt to FCF ratio of VNO is 11.23, which is on the high side as it means it would take VNO, 11.23 years of fcf income to pay off all of its debts.
VNO has a better Debt to FCF ratio (11.23) than 89.06% of its industry peers.
VNO has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
VNO has a Debt to Equity ratio (1.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 11.23 | ||
| Altman-Z | 0.33 |
ROIC/WACC0.24
WACC6.13%
2.3 Liquidity
VNO has a Current Ratio of 1.67. This is a normal value and indicates that VNO is financially healthy and should not expect problems in meeting 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.
VNO has a Quick Ratio of 1.67. This is a normal value and indicates that VNO is financially healthy and should not expect problems in meeting its short term obligations.
VNO has a Quick ratio of 1.67. This is in the better half 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.
Measured over the past years, VNO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -57.97% on average per year.
The Revenue has been growing slightly by 2.41% in the past year.
Measured over the past years, VNO shows a decrease in Revenue. The Revenue has been decreasing by -1.47% on average per year.
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
The Earnings Per Share is expected to grow by 68.63% on average over the next years. This is a very strong growth
Based on estimates for the next years, VNO will show a small growth in Revenue. The Revenue will grow by 3.95% on average per year.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.95, which indicates a rather cheap valuation of VNO.
Based on the Price/Earnings ratio, VNO is valued cheaply inside the industry as 94.53% 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 26.38.
With a Price/Forward Earnings ratio of 825.99, VNO can be considered very expensive at the moment.
60.16% of the companies in the same industry are cheaper than VNO, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of VNO to the average of the S&P500 Index (23.83), we can say VNO is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.95 | ||
| Fwd PE | 825.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VNO is valued a bit more expensive than 66.41% of the companies in the same industry.
VNO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VNO is cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.01 | ||
| EV/EBITDA | 16.79 |
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 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
VNO has a Yearly Dividend Yield of 2.14%.
With a Dividend Yield of 2.14, VNO pays less dividend than the industry average, which is at 6.34. 84.38% 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 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
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
24.09% of the earnings are spent on dividend by VNO. This is a low number and sustainable payout ratio.
DP24.09%
EPS Next 2Y0.5%
EPS Next 3Y51.12%
33.37
-0.19 (-0.57%)
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 Cap6.41B
Revenue(TTM)1.81B
Net Income(TTM)843.45M
Analysts66.32
Price Target40.29 (20.74%)
Short Float %4.73%
Short Ratio5.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
Yearly Dividend1.07
Dividend Growth(5Y)-18.14%
DP24.09%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)1.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)157.14%
EPS NY rev (1m)97.38%
EPS NY rev (3m)177.72%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)-1.22%
Revenue NY rev (3m)-1.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.95 | ||
| Fwd PE | 825.99 | ||
| P/S | 3.53 | ||
| P/FCF | 10.01 | ||
| P/OCF | 4.86 | ||
| P/B | 1.06 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 16.79 |
EPS(TTM)4.2
EY12.59%
EPS(NY)0.04
Fwd EY0.12%
FCF(TTM)3.33
FCFY9.99%
OCF(TTM)6.86
OCFY20.57%
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 | 0.33 |
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 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 7.95 and the Price/Book (PB) ratio is 1.06.
Can you provide the financial health for VNO stock?
The financial health rating of VORNADO REALTY TRUST (VNO) is 4 / 10.