Vornado Realty Trust

Find Ratings Reports
VNO : NYSE : Financial
$99.26 up 1.73 | 1.77%
Today's Range: 98.06 - 99.66
Avg. Daily Volume: 968500.0
12/02/16 - 4:03 PM ET

Financial Analysis


VORNADO REALTY TRUST's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.

During the same period, stockholders' equity ("net worth") has decreased by 5.48% from the same quarter last year.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)644.91632.1
EBITDA ($mil)0.00.0
EBIT ($mil)200.87195.94
Net Income ($mil)92.58219.23


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)1464.64896.1
Total Assets ($mil)20859.3719971.93
Total Debt ($mil)11200.2410007.01
Equity ($mil)6315.836682.15


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin31.1531.0
EBITDA Margin0.00.0
Operating Margin31.1531.0
Sales Turnover0.120.13
Return on Assets2.355.22
Return on Equity6.267.1
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.640.6
Interest Expense104.12121.35
Interest Coverage1.931.61


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)188.99188.54
Div / share0.630.63
EPS0.340.88
Book value / share33.4235.44
Institutional Own % n/a n/a
Avg Daily Volume884739.0887670.0

Valuation


HOLD. VORNADO REALTY TRUST's P/E ratio indicates a discount compared to an average of 53.46 for the Equity Real Estate Investment Trusts REITs industry and a significant premium compared to the S&P 500 average of 25.16. To use another comparison, its price-to-book ratio of 2.86 indicates valuation on par with the S&P 500 average of 2.79 and a discount versus the industry average of 3.53. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, VORNADO REALTY TRUST proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
VNO 45.68 Peers 53.46   VNO 22.46 Peers 17.50

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

VNO is trading at a discount to its peers.

 

Premium. 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 premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
VNO 50.51 Peers 55.01   VNO NM Peers 3.14

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

VNO is trading at a significant premium to its peers.

 

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
VNO 2.86 Peers 3.53   VNO -16.40 Peers 57.55

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 discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, VNO is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
VNO 6.95 Peers 7.48   VNO 1.34 Peers 15.66

Average. 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 valuation on par with its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

VNO significantly trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades