Vornado Realty Trust
Find Ratings ReportsVORNADO REALTY TRUST's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though it increased sales and net income significantly, the company was unable to grow at a faster pace than its subsector competitors.
During the same period, stockholders' equity ("net worth") has decreased by 5.66% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 414.2 | -89.48 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | -15.77 | -495.55 |
Net Income ($mil) | -45.48 | -477.75 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1261.58 | 1493.12 |
Total Assets ($mil) | 16187.67 | 16493.38 |
Total Debt ($mil) | 8984.31 | 9125.01 |
Equity ($mil) | 5509.06 | 5839.73 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 9.43 | 509.53 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | -3.81 | 553.81 |
Sales Turnover | 0.12 | 0.08 |
Return on Assets | 0.65 | -2.1 |
Return on Equity | 0.79 | -7.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.62 | 0.61 |
Interest Expense | 100.75 | 95.23 |
Interest Coverage | -0.16 | -5.2 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 190.39 | 191.87 |
Div / share | 0.3 | 0.53 |
EPS | -0.32 | -2.57 |
Book value / share | 28.94 | 30.44 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2462587.0 | 3002266.0 |
HOLD. VORNADO REALTY TRUST's P/E ratio indicates a significant premium compared to an average of 49.19 for the Real Estate subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.86 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.43. The price-to-sales ratio is below the S&P 500 average and is well below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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VNO 107.91 | Peers 49.19 | VNO 7.29 | Peers 18.58 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. VNO is trading at a significant premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. VNO is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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VNO NM | Peers 40.04 | VNO NM | Peers 5.86 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. VNO's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. VNO's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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VNO 0.86 | Peers 6.43 | VNO 110.79 | Peers -7.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. VNO is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. VNO is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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VNO 2.50 | Peers 7.79 | VNO 38.99 | Peers 11.68 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. VNO is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. VNO has a sales growth rate that significantly exceeds its peers. |
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