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Vestis NYSE:VSTS Stock Report

Last Price

US$16.39

Market Cap

US$2.1b

7D

2.1%

1Y

-21.2%

Updated

20 Dec, 2024

Data

Company Financials +

Vestis Corporation

NYSE:VSTS Stock Report

Market Cap: US$2.1b

VSTS Stock Overview

Provides uniform rentals and workplace supplies in the United States and Canada. More details

VSTS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health2/6
Dividends2/6

Rewards

Trading at 60.3% below our estimate of its fair value

Earnings are forecast to grow 38.75% per year

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (0.7%) are lower than last year (7.5%)


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 9 Analysts

Utilizing Excess Capacity Will Improve Operational Efficiency In The Uniform Rental Industry

Key Takeaways Operational efficiencies and minimized CapEx will improve margins and earnings through utilizing excess capacity and cost-saving initiatives. Enhanced sales productivity and customer retention are poised to drive revenue and ensure financial stability.
View narrative
US$16.29
FV
0.6% overvalued intrinsic discount
2.44%
Revenue growth p.a.
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2 days ago author updated this narrative

Vestis Corporation Competitors

OPENLANE

NYSE:KAR

US$2.2b

VSE

NasdaqGS:VSEC

US$2.1b

UniFirst

NYSE:UNF

US$3.3b

Liquidity Services

NasdaqGS:LQDT

US$965.6m

Price History & Performance

Summary of share price highs, lows and changes for Vestis
Historical stock prices
Current Share PriceUS$16.39
52 Week HighUS$22.37
52 Week LowUS$8.92
Beta0
1 Month Change23.14%
3 Month Change4.33%
1 Year Change-21.16%
3 Year Changen/a
5 Year Changen/a
Change since IPO-14.86%

Recent News & Updates

Vestis Corp: Waiting For More Signs Of Successful Turnaround

Nov 25

Vestis (NYSE:VSTS) Has Affirmed Its Dividend Of $0.035

Nov 25
Vestis (NYSE:VSTS) Has Affirmed Its Dividend Of $0.035

Recent updates

Vestis Corp: Waiting For More Signs Of Successful Turnaround

Nov 25

Vestis (NYSE:VSTS) Has Affirmed Its Dividend Of $0.035

Nov 25
Vestis (NYSE:VSTS) Has Affirmed Its Dividend Of $0.035

Vestis: Stability Increases, Challenges Remain

Aug 21

We Think That There Are More Issues For Vestis (NYSE:VSTS) Than Just Sluggish Earnings

Aug 19
We Think That There Are More Issues For Vestis (NYSE:VSTS) Than Just Sluggish Earnings

Is Vestis (NYSE:VSTS) Using Too Much Debt?

Jun 16
Is Vestis (NYSE:VSTS) Using Too Much Debt?

Vestis: Rising Concerns Cast Shadows On Future Prospects

Jun 09

Vestis Q1 Results: Uniform And Workplace Player Faces Growing Concerns

May 03

We Think That There Are Issues Underlying Vestis' (NYSE:VSTS) Earnings

Feb 16
We Think That There Are Issues Underlying Vestis' (NYSE:VSTS) Earnings

Vestis Corporation's (NYSE:VSTS) Shareholders Might Be Looking For Exit

Feb 02
Vestis Corporation's (NYSE:VSTS) Shareholders Might Be Looking For Exit

Vestis: Initiating A Buy Rating As Business And Industry Are Very Attractive

Jan 17

Vestis: A Uniformly Good Bargain

Dec 15

Vestis Fiscal Q4: Positive Earnings Signs Post Its Spinoff

Nov 29

Shareholder Returns

VSTSUS Commercial ServicesUS Market
7D2.1%-6.2%-3.5%
1Y-21.2%20.3%22.1%

Return vs Industry: VSTS underperformed the US Commercial Services industry which returned 20.3% over the past year.

Return vs Market: VSTS underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is VSTS's price volatile compared to industry and market?
VSTS volatility
VSTS Average Weekly Movement6.1%
Commercial Services Industry Average Movement8.4%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: VSTS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: VSTS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193619,600Kim Scottwww.vestis.com

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.

Vestis Corporation Fundamentals Summary

How do Vestis's earnings and revenue compare to its market cap?
VSTS fundamental statistics
Market capUS$2.05b
Earnings (TTM)US$20.97m
Revenue (TTM)US$2.81b

102.8x

P/E Ratio

0.8x

P/S Ratio

Is VSTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VSTS income statement (TTM)
RevenueUS$2.81b
Cost of RevenueUS$1.99b
Gross ProfitUS$815.95m
Other ExpensesUS$794.98m
EarningsUS$20.97m

Last Reported Earnings

Sep 27, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin29.08%
Net Profit Margin0.75%
Debt/Equity Ratio127.1%

How did VSTS perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

88%

Payout Ratio

Does VSTS pay a reliable dividends?

See VSTS dividend history and benchmarks
When do you need to buy VSTS by to receive an upcoming dividend?
Vestis dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateJan 06 2025
Days until Ex dividend8 days
Days until Dividend pay date16 days

Does VSTS pay a reliable dividends?

See VSTS dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 00:28
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/27
Annual Earnings2024/09/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vestis Corporation is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Manav PatnaikBarclays
null nullEquisights