V.F Valuation

Is VFCO34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VFCO34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VFCO34 (R$58.19) is trading above our estimate of fair value (R$54.43)

Significantly Below Fair Value: VFCO34 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VFCO34?

Key metric: As VFCO34 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VFCO34. This is calculated by dividing VFCO34's market cap by their current revenue.
What is VFCO34's PS Ratio?
PS Ratio	0.8x
Sales	US$10.09b
Market Cap	US$7.32b

VFCO34 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	18x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does VFCO34's PS Ratio compare to its peers?

The above table shows the PS ratio for VFCO34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.2x
AZZA3 Azzas 2154	1.3x	24.6%	R$8.2b
VIVA3 Vivara Participações	2.3x	14.7%	R$5.5b
GUAR3 Guararapes Confecções	0.4x	6.1%	R$4.0b
VSTE3 Veste Estilo	0.9x	7.8%	R$1.1b
VFCO34 V.F	0.8x	2.0%	R$7.3b

Price-To-Sales vs Peers: VFCO34 is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does VFCO34's PS Ratio compare vs other companies in the South American Luxury Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: VFCO34 is good value based on its Price-To-Sales Ratio (0.8x) compared to the South American Luxury industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is VFCO34's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VFCO34 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate VFCO34's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.