VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - NYSE:VNO - US9290421091 - REIT
35.86 USD
-1.86 (-4.93%)
35.86 USD
0 (0%)
Overall VNO gets a fundamental rating of 4 out of 10. We evaluated VNO against 127 industry peers in the Diversified REITs industry. VNO has an average financial health and profitability rating. VNO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
VNO had positive earnings in the past year.
VNO had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 5.21%, VNO belongs to the best of the industry, outperforming 96.06% of the companies in the same industry.
With an excellent Return On Equity value of 13.34%, VNO belongs to the best of the industry, outperforming 93.70% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.45%, VNO is doing worse than 76.38% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for VNO is in line with the industry average of 3.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.21% | ||
| ROE | 13.34% | ||
| ROIC | 1.45% |
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 45.05%, VNO belongs to the top of the industry, outperforming 94.49% of the companies in the same industry.
In the last couple of years the Profit Margin of VNO has declined.
VNO's Operating Margin of 14.83% is on the low side compared to the rest of the industry. VNO is outperformed by 65.35% of its industry peers.
VNO's Operating Margin has declined in the last couple of years.
VNO has a worse Gross Margin (49.21%) than 78.74% of its industry peers.
In the last couple of years the Gross Margin of VNO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.83% | ||
| PM (TTM) | 45.05% | ||
| GM | 49.21% |
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 0.40. This is a bad value and indicates that VNO is not financially healthy and even has some risk of bankruptcy.
VNO has a Altman-Z score (0.40) which is in line with its industry peers.
The Debt to FCF ratio of VNO is 7.73, which is on the high side as it means it would take VNO, 7.73 years of fcf income to pay off all of its debts.
VNO has a better Debt to FCF ratio (7.73) than 94.49% of its industry peers.
VNO has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external financing.
VNO's Debt to Equity ratio of 1.16 is in line compared to the rest of the industry. VNO outperforms 53.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 7.73 | ||
| Altman-Z | 0.4 |
ROIC/WACC0.24
WACC6.14%
2.3 Liquidity
A Current Ratio of 1.88 indicates that VNO should not have too much problems paying its short term obligations.
VNO has a Current ratio of 1.88. This is in the better half of the industry: VNO outperforms 79.53% of its industry peers.
A Quick Ratio of 1.88 indicates that VNO should not have too much problems paying its short term obligations.
The Quick ratio of VNO (1.88) is better than 79.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
VNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 6628.57%, which is quite impressive.
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.
VNO shows a decrease in Revenue. In the last year, the revenue decreased by -1.30%.
The Revenue has been decreasing by -1.47% on average over the past years.
EPS 1Y (TTM)6628.57%
EPS 3Y-58.75%
EPS 5Y-57.97%
EPS Q2Q%670%
Revenue 1Y (TTM)-1.3%
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
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 7.61, the valuation of VNO can be described as very cheap.
Based on the Price/Earnings ratio, VNO is valued cheaper than 97.64% of the companies in the same industry.
VNO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.03.
The Forward Price/Earnings Ratio is negative for VNO. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.61 | ||
| Fwd PE | N/A |
4.2 Price Multiples
VNO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. VNO is more expensive than 75.59% of the companies in the same industry.
96.06% of the companies in the same industry are more expensive than VNO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.5 | ||
| EV/EBITDA | 17.54 |
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 1.95%, VNO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.33, VNO's dividend is way lower than its industry peers. On top of this 85.83% of the companies listed in the same industry pay a better dividend than VNO!
Compared to an average S&P500 Dividend Yield of 2.38, VNO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
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
25.00% of the earnings are spent on dividend by VNO. This is a low number and sustainable payout ratio.
DP25%
EPS Next 2Y-50.08%
EPS Next 3Y72.98%
35.86
-1.86 (-4.93%)
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 Change0.59%
Ins Owners6.48%
Ins Owner Change0%
Market Cap6.89B
Revenue(TTM)1.79B
Net Income(TTM)812.71M
Analysts55.45
Price Target41.24 (15%)
Short Float %3.99%
Short Ratio4.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
Yearly Dividend1.07
Dividend Growth(5Y)-18.14%
DP25%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2129.51%
Min EPS beat(2)132.23%
Max EPS beat(2)4126.8%
EPS beat(4)4
Avg EPS beat(4)1094.95%
Min EPS beat(4)0.99%
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)-1.83%
Min Revenue beat(2)-4.75%
Max Revenue beat(2)1.08%
Revenue beat(4)2
Avg Revenue beat(4)-1.1%
Min Revenue beat(4)-4.75%
Max Revenue beat(4)1.3%
Revenue beat(8)3
Avg Revenue beat(8)-1.46%
Revenue beat(12)6
Avg Revenue beat(12)23.6%
Revenue beat(16)9
Avg Revenue beat(16)24.62%
PT rev (1m)3.44%
PT rev (3m)3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-136.36%
EPS NY rev (1m)0%
EPS NY rev (3m)261.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.61 | ||
| Fwd PE | N/A | ||
| P/S | 3.82 | ||
| P/FCF | 7.5 | ||
| P/OCF | 4.95 | ||
| P/B | 1.13 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 17.54 |
EPS(TTM)4.71
EY13.13%
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)4.78
FCFY13.33%
OCF(TTM)7.24
OCFY20.19%
SpS9.39
BVpS31.72
TBVpS31.13
PEG (NY)0
PEG (5Y)N/A
Graham Number57.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.21% | ||
| ROE | 13.34% | ||
| ROCE | 1.84% | ||
| ROIC | 1.45% | ||
| ROICexc | 1.58% | ||
| ROICexgc | 1.63% | ||
| OM | 14.83% | ||
| PM (TTM) | 45.05% | ||
| GM | 49.21% | ||
| FCFM | 50.9% |
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 | 1.16 | ||
| Debt/FCF | 7.73 | ||
| Debt/EBITDA | 9.48 | ||
| Cap/Depr | 98.16% | ||
| Cap/Sales | 26.18% | ||
| Interest Coverage | 0.79 | ||
| Cash Conversion | 185.73% | ||
| Profit Quality | 112.98% | ||
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z | 0.4 |
F-Score8
WACC6.14%
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)6628.57%
EPS 3Y-58.75%
EPS 5Y-57.97%
EPS Q2Q%670%
EPS Next Y3435%
EPS Next 2Y-50.08%
EPS Next 3Y72.98%
EPS Next 5Y68.63%
Revenue 1Y (TTM)-1.3%
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 1Y2.55%
EBIT growth 3Y2.23%
EBIT growth 5Y-9.15%
EBIT Next Year194.44%
EBIT Next 3Y41.43%
EBIT Next 5Y26.09%
FCF growth 1Y1108.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.13%
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 7.61 and the Price/Book (PB) ratio is 1.13.
Can you provide the financial health for VNO stock?
The financial health rating of VORNADO REALTY TRUST (VNO) is 4 / 10.