VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VNO - US9290421091 - REIT
33.65 USD
0 (0%)
33.65 USD
0 (0%)
VNO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. VNO has only an average score on both its financial health and profitability. VNO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VNO was profitable.
VNO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: VNO reported negative net income in multiple years.
Each year in the past 5 years VNO had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.36%, VNO belongs to the top of the industry, outperforming 96.06% of the companies in the same industry.
VNO's Return On Equity of 13.90% is amongst the best of the industry. VNO outperforms 91.34% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.44%, VNO is doing worse than 77.95% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital 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
Looking at the Profit Margin, with a value of 46.48%, VNO belongs to the top of the industry, outperforming 96.06% of the companies in the same industry.
VNO's Profit Margin has declined in the last couple of years.
The Operating Margin of VNO (14.75%) is worse than 66.93% of its industry peers.
VNO's Operating Margin has declined in the last couple of years.
VNO has a Gross Margin of 49.19%. This is in the lower half of the industry: VNO underperforms 77.17% of its industry peers.
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
VNO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for VNO has been increased compared to 1 year ago.
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
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.
With a Altman-Z score value of 0.33, VNO perfoms like the industry average, outperforming 40.16% 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 88.98% 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.
The Debt to Equity ratio of VNO (1.18) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 11.23 | ||
| Altman-Z | 0.33 |
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.
Looking at the Current ratio, with a value of 1.67, VNO is in the better half of the industry, outperforming 77.17% 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's Quick ratio of 1.67 is fine compared to the rest of the industry. VNO outperforms 77.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
VNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 5900.00%, which is quite impressive.
VNO shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -57.97% yearly.
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
VNO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 68.63% yearly.
The Revenue is expected to grow by 3.95% on average over the next years.
EPS Next Y10530.25%
EPS Next 2Y-45.82%
EPS Next 3Y-8.84%
EPS Next 5Y68.63%
Revenue Next Year-0.28%
Revenue Next 2Y0.45%
Revenue Next 3Y1.7%
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.
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
With a Price/Earnings ratio of 8.01, the valuation of VNO can be described as very reasonable.
94.49% of the companies in the same industry are more expensive than VNO, based on the Price/Earnings ratio.
VNO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.92.
VNO is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.01 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VNO indicates a slightly more expensive valuation: VNO is more expensive than 66.14% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, VNO is valued cheaply inside the industry as 87.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.1 | ||
| EV/EBITDA | 16.87 |
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 decrease with -8.84% in the coming years. This may justify a cheaper valuation.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y-45.82%
EPS Next 3Y-8.84%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.76%, VNO is a good candidate for dividend investing.
VNO's Dividend Yield is a higher than the industry average which is at 6.43.
VNO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.76% |
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-45.82%
EPS Next 3Y-8.84%
33.65
0 (0%)
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 Cap6.46B
Revenue(TTM)1.81B
Net Income(TTM)843.45M
Analysts66.32
Price Target39.78 (18.22%)
Short Float %4.73%
Short Ratio5.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.76% |
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)8
Avg EPS beat(8)646.48%
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)-1.8%
PT rev (3m)-0.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)157.14%
EPS NY rev (1m)200.71%
EPS NY rev (3m)200.71%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)1.16%
Revenue NY rev (1m)-1%
Revenue NY rev (3m)-1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.01 | ||
| Fwd PE | N/A | ||
| P/S | 3.56 | ||
| P/FCF | 10.1 | ||
| P/OCF | 4.9 | ||
| P/B | 1.07 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | 16.87 |
EPS(TTM)4.2
EY12.48%
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)3.33
FCFY9.9%
OCF(TTM)6.86
OCFY20.4%
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 Y10530.25%
EPS Next 2Y-45.82%
EPS Next 3Y-8.84%
EPS Next 5Y68.63%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y4%
Revenue growth 5Y-1.47%
Sales Q2Q%2.36%
Revenue Next Year-0.28%
Revenue Next 2Y0.45%
Revenue Next 3Y1.7%
Revenue Next 5Y3.95%
EBIT growth 1Y10.68%
EBIT growth 3Y2.23%
EBIT growth 5Y-9.15%
EBIT Next Year183.29%
EBIT Next 3Y38.16%
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 5 / 10 to VNO.
Can you provide the valuation status for VORNADO REALTY TRUST?
ChartMill assigns a valuation rating of 5 / 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 8.01 and the Price/Book (PB) ratio is 1.07.
Can you provide the financial health for VNO stock?
The financial health rating of VORNADO REALTY TRUST (VNO) is 4 / 10.