VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VNO - US9290421091 - REIT
36.79 USD
-0.37 (-1%)
We assign a fundamental rating of 4 out of 10 to VNO. VNO was compared to 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
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.
VNO had a positive operating cash flow in each of the past 5 years.
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.
The Return On Equity of VNO (13.90%) is better than 94.53% of its industry peers.
The Return On Invested Capital of VNO (1.44%) is worse than 77.34% of its industry peers.
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
VNO has a better Profit Margin (46.48%) than 96.09% of its industry peers.
In the last couple of years the Profit Margin of VNO has declined.
Looking at the Operating Margin, with a value of 14.75%, VNO is doing worse than 66.41% of the companies in the same industry.
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.
Compared to 5 years ago, VNO has about the same amount of shares outstanding.
Compared to 1 year ago, VNO has a worse debt to assets ratio.
2.2 Solvency
VNO has an Altman-Z score of 0.38. 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 0.38, VNO is in line with its industry, outperforming 43.75% of the companies in the same 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.
Looking at the Debt to FCF ratio, with a value of 11.23, VNO belongs to the top of the industry, outperforming 89.06% of the companies in the same industry.
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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 11.23 | ||
| Altman-Z | 0.38 |
ROIC/WACC0.24
WACC6.08%
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.
The Current ratio of VNO (1.67) is better than 76.56% of its industry peers.
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 better Quick ratio (1.67) than 76.56% 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.
The earnings per share for VNO have been decreasing by -57.97% on average. This is quite bad
Looking at the last year, VNO shows a small growth in Revenue. The Revenue has grown by 2.41% in the last year.
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
Based on estimates for the next years, VNO will show a very strong growth in Earnings Per Share. The EPS will grow by 68.63% on average per year.
The Revenue is expected to grow by 3.95% on average over the next years.
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
The Price/Earnings ratio is 8.76, which indicates a very decent valuation of VNO.
Based on the Price/Earnings ratio, VNO is valued cheaper than 97.66% 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 25.98.
The Forward Price/Earnings Ratio is negative for VNO. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.76 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VNO is valued a bit more expensive than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VNO is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.04 | ||
| EV/EBITDA | 17.76 |
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
VNO has a Yearly Dividend Yield of 2.08%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.59, VNO's dividend is way lower than its industry peers. On top of this 85.94% of the companies listed in the same industry pay a better dividend than VNO!
Compared to an average S&P500 Dividend Yield of 2.41, VNO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
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.
VNO has decreased its dividend 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 2Y-50.08%
EPS Next 3Y72.98%
NYSE:VNO (11/26/2025, 1:54:54 PM)
36.79
-0.37 (-1%)
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-0.72%
Market Cap7.07B
Revenue(TTM)1.81B
Net Income(TTM)843.45M
Analysts55.45
Price Target40.51 (10.11%)
Short Float %4.23%
Short Ratio5.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
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)219.98%
EPS NY rev (1m)0%
EPS NY rev (3m)40.7%
Revenue NQ rev (1m)0.89%
Revenue NQ rev (3m)-1.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.76 | ||
| Fwd PE | N/A | ||
| P/S | 3.89 | ||
| P/FCF | 11.04 | ||
| P/OCF | 5.36 | ||
| P/B | 1.16 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | 17.76 |
EPS(TTM)4.2
EY11.42%
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)3.33
FCFY9.06%
OCF(TTM)6.86
OCFY18.66%
SpS9.45
BVpS31.59
TBVpS31
PEG (NY)0
PEG (5Y)N/A
Graham Number54.64
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 | 0.38 |
F-Score8
WACC6.08%
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 5Y26.09%
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 8.76 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.