VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VNO - US9290421091 - REIT
33.325 USD
+0.05 (+0.14%)
We assign a fundamental rating of 5 out of 10 to VNO. VNO was compared to 127 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.
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's Return On Assets of 5.36% is amongst the best of the industry. VNO outperforms 96.06% of its industry peers.
Looking at the Return On Equity, with a value of 13.90%, VNO belongs to the top of the industry, outperforming 91.34% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.44%, VNO is doing worse than 77.17% 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
VNO has a better Profit Margin (46.48%) than 96.06% of its industry peers.
VNO's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 14.75%, VNO is not doing good in the industry: 66.14% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of VNO has declined.
The Gross Margin of VNO (49.19%) is worse than 76.38% 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
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
Based on the Altman-Z score of 0.33, we must say that VNO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VNO (0.33) is comparable to the rest of the 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.
VNO has a better Debt to FCF ratio (11.23) than 88.98% 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.
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/WACC0.23
WACC6.14%
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.
With a decent Current ratio value of 1.67, VNO is doing good in the industry, outperforming 77.95% of the companies in the same industry.
A Quick Ratio of 1.67 indicates that VNO should not have too much problems paying its short term obligations.
VNO has a Quick ratio of 1.67. This is in the better half of the industry: VNO outperforms 77.95% 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
The Revenue has been growing slightly by 2.41% in the past 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 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
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
A Price/Earnings ratio of 7.93 indicates a rather cheap valuation of VNO.
Based on the Price/Earnings ratio, VNO is valued cheaply inside the industry as 94.49% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.51, VNO is valued rather cheaply.
VNO is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.93 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VNO is valued a bit more expensive than 64.57% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VNO is valued cheaper than 88.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10 | ||
| EV/EBITDA | 16.77 |
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.
A cheap valuation may be justified as VNO's earnings are expected to decrease with -8.84% in the coming years.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y-45.82%
EPS Next 3Y-8.84%
5. Dividend
5.1 Amount
VNO has a Yearly Dividend Yield of 7.76%, which is a nice return.
VNO's Dividend Yield is a higher than the industry average which is at 6.43.
Compared to an average S&P500 Dividend Yield of 2.00, VNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.76% |
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 2Y-45.82%
EPS Next 3Y-8.84%
NYSE:VNO (1/2/2026, 12:26:32 PM)
33.325
+0.05 (+0.14%)
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 Cap6.40B
Revenue(TTM)1.81B
Net Income(TTM)843.45M
Analysts66.32
Price Target39.78 (19.37%)
Short Float %4.56%
Short Ratio5.53
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-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)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 | 7.93 | ||
| Fwd PE | N/A | ||
| P/S | 3.53 | ||
| P/FCF | 10 | ||
| P/OCF | 4.86 | ||
| P/B | 1.06 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 16.77 |
EPS(TTM)4.2
EY12.6%
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)3.33
FCFY10%
OCF(TTM)6.86
OCFY20.6%
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
WACC6.14%
ROIC/WACC0.23
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
What is the ChartMill fundamental rating of VORNADO REALTY TRUST (VNO) stock?
ChartMill assigns a fundamental rating of 5 / 10 to VNO.
What is the valuation status for VNO stock?
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 7.93 and the Price/Book (PB) ratio is 1.06.
What is the earnings growth outlook for VORNADO REALTY TRUST?
The Earnings per Share (EPS) of VORNADO REALTY TRUST (VNO) is expected to grow by 10530.25% in the next year.