VFC

V.FNYSE:VFC Stock Report

Market Cap

US$27.3b

7D

-2.0%

1Y

-3.6%

Updated

18 Sep, 2021

Data

Company Financials +
VFC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance4/6
Financial Health3/6
Dividends4/6

VFC Overview

V.F. Corporation, together with its subsidiaries, engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific.

V.F Competitors

Price History & Performance

Summary of all time highs, changes and price drops for V.F
Historical stock prices
Current Share PriceUS$69.55
52 Week HighUS$66.26
52 Week LowUS$90.79
Beta1.46
1 Month Change-8.40%
3 Month Change-12.70%
1 Year Change-3.58%
3 Year Change-24.60%
5 Year Change22.13%
Change since IPO1,530.48%

Recent News & Updates

Sep 08

V.F. Corporation Is A Sustainability Champion Priced To Deliver Double-Digit Returns

VFC has a stable of well-known brands including Vans and The North Face that continue to grow at a very healthy rate. The company offers growth at a good price, and we believe purchases at current prices might even deliver double-digit returns to investors. The company is one of the most sustainability-conscious in the apparel sector, something we truly appreciate given the large ecological impact that apparel has.

Shareholder Returns

VFCUS LuxuryUS Market
7D-2.0%-2.7%-0.6%
1Y-3.6%42.8%33.8%

Return vs Industry: VFC underperformed the US Luxury industry which returned 42.8% over the past year.

Return vs Market: VFC underperformed the US Market which returned 33.8% over the past year.

Price Volatility

Is VFC's price volatile compared to industry and market?
VFC volatility
VFC Beta1.46
Industry Beta1.14
Market Beta1

Stable Share Price: VFC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VFC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
189933,600Steve Rendlehttps://www.vfc.com

V.F. Corporation, together with its subsidiaries, engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

V.F Fundamentals Summary

How do V.F's earnings and revenue compare to its market cap?
VFC fundamental statistics
Market CapUS$27.31b
Earnings (TTM)US$786.62m
Revenue (TTM)US$10.36b

34.7x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VFC income statement (TTM)
RevenueUS$10.36b
Cost of RevenueUS$4.77b
Gross ProfitUS$5.58b
ExpensesUS$4.80b
EarningsUS$786.62m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.02
Gross Margin53.91%
Net Profit Margin7.59%
Debt/Equity Ratio144.6%

How did VFC perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

97%

Payout Ratio

Valuation

Is V.F undervalued compared to its fair value and its price relative to the market?

7.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VFC ($69.55) is trading below our estimate of fair value ($74.91)

Significantly Below Fair Value: VFC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VFC is poor value based on its PE Ratio (34.7x) compared to the US Luxury industry average (17.6x).

PE vs Market: VFC is poor value based on its PE Ratio (34.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: VFC is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: VFC is overvalued based on its PB Ratio (8.3x) compared to the US Luxury industry average (1.9x).


Future Growth

How is V.F forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VFC's forecast earnings growth (12.2% per year) is above the savings rate (2%).

Earnings vs Market: VFC's earnings (12.2% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: VFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: VFC's revenue (7.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: VFC's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VFC's Return on Equity is forecast to be very high in 3 years time (42.1%).


Past Performance

How has V.F performed over the past 5 years?

-22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VFC has high quality earnings.

Growing Profit Margin: VFC's current net profit margins (7.6%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: VFC's earnings have declined by 22% per year over the past 5 years.

Accelerating Growth: VFC's earnings growth over the past year (201.5%) exceeds its 5-year average (-22% per year).

Earnings vs Industry: VFC earnings growth over the past year (201.5%) exceeded the Luxury industry 79.5%.


Return on Equity

High ROE: Whilst VFC's Return on Equity (24.03%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is V.F's financial position?


Financial Position Analysis

Short Term Liabilities: VFC's short term assets ($4.6B) exceed its short term liabilities ($3.1B).

Long Term Liabilities: VFC's short term assets ($4.6B) do not cover its long term liabilities ($7.2B).


Debt to Equity History and Analysis

Debt Level: VFC's debt to equity ratio (144.6%) is considered high.

Reducing Debt: VFC's debt to equity ratio has increased from 60.4% to 144.6% over the past 5 years.

Debt Coverage: VFC's debt is well covered by operating cash flow (29.5%).

Interest Coverage: VFC's interest payments on its debt are well covered by EBIT (8.3x coverage).


Balance Sheet


Dividend

What is V.F current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VFC's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: VFC's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: VFC's dividends per share have been stable in the past 10 years.

Growing Dividend: VFC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (96.8%), VFC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VFC's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Steve Rendle (61 yo)

4.67yrs

Tenure

US$15,782,406

Compensation

Mr. Steven E. Rendle, also known as Steve, serves as an Independent Director at Best Buy Co., Inc. since March 18, 2021. He has been an Interim Chief Executive Officer and President of Timberland Co. since...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD15.78M) is above average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: VFC's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: VFC's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

V.F. Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: V.F. Corporation
  • Ticker: VFC
  • Exchange: NYSE
  • Founded: 1899
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$27.308b
  • Shares outstanding: 392.64m
  • Website: https://www.vfc.com

Number of Employees


Location

  • V.F. Corporation
  • 1551 Wewatta Street
  • Denver
  • Colorado
  • 80202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:03
End of Day Share Price2021/09/17 00:00
Earnings2021/07/03
Annual Earnings2021/04/03


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.