Market Cap
US$24.9b
Last Updated
2020/08/14 11:48 UTC
Data Sources
Company Financials +
Executive Summary
V.F. Corporation 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.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
High growth potential average dividend payer.
Similar Companies
Share Price & News
How has V.F's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VFC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.2%
VFC
5.2%
US Luxury
0.5%
US Market
1 Year Return
-19.0%
VFC
20.0%
US Luxury
18.7%
US Market
Return vs Industry: VFC underperformed the US Luxury industry which returned 20% over the past year.
Return vs Market: VFC underperformed the US Market which returned 18.7% over the past year.
Shareholder returns
| VFC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | 5.2% | 0.5% |
| 30 Day | 1.9% | 8.5% | 4.9% |
| 90 Day | 22.8% | 26.6% | 19.8% |
| 1 Year | -17.0%-19.0% | 21.4%20.0% | 21.2%18.7% |
| 3 Year | 16.1%1.7% | 58.3%50.8% | 46.2%36.8% |
| 5 Year | 6.4%-11.5% | 43.3%33.9% | 85.3%65.1% |
Price Volatility Vs. Market
How volatile is V.F's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
How Does V.F's (NYSE:VFC) P/E Compare To Its Industry, After The Share Price Drop?5 months ago | Simply Wall St
How Many V.F. Corporation (NYSE:VFC) Shares Have Insiders Sold, In The Last Year?5 months ago | Simply Wall St
V.F. Corporation (NYSE:VFC) Is About To Go Ex-Dividend, And It Pays A 2.4% YieldValuation
Is V.F undervalued compared to its fair value and its price relative to the market?
87.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VFC ($63.83) is trading above our estimate of fair value ($62.9)
Significantly Below Fair Value: VFC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VFC is poor value based on its PE Ratio (87.8x) compared to the US Luxury industry average (30.7x).
PE vs Market: VFC is poor value based on its PE Ratio (87.8x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: VFC is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: VFC is overvalued based on its PB Ratio (8.5x) compared to the US Luxury industry average (1.3x).
Next Steps
Future Growth
How is V.F forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
34.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VFC's forecast earnings growth (34.4% per year) is above the savings rate (2.2%).
Earnings vs Market: VFC's earnings (34.4% per year) are forecast to grow faster than the US market (24.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VFC's revenue (10.7% per year) is forecast to grow faster than the US market (9.5% per year).
High Growth Revenue: VFC's revenue (10.7% 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 (48.6%).
Next Steps
Past Performance
How has V.F performed over the past 5 years?
-10.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VFC has a large one-off loss of $451.9M impacting its June 27 2020 financial results.
Growing Profit Margin: VFC's current net profit margins (3%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: VFC's earnings have declined by 10.7% per year over the past 5 years.
Accelerating Growth: VFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VFC had negative earnings growth (-67.3%) over the past year, making it difficult to compare to the Luxury industry average (-41.2%).
Return on Equity
High ROE: VFC's Return on Equity (9.8%) is considered low.
Next Steps
Financial Health
How is V.F's financial position?
Financial Position Analysis
Short Term Liabilities: VFC's short term assets ($6.3B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: VFC's short term assets ($6.3B) do not cover its long term liabilities ($7.9B).
Debt to Equity History and Analysis
Debt Level: VFC's debt to equity ratio (193.3%) is considered high.
Reducing Debt: VFC's debt to equity ratio has increased from 52% to 193.3% over the past 5 years.
Debt Coverage: VFC's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: VFC's interest payments on its debt are well covered by EBIT (11.5x coverage).
Balance Sheet
Next Steps
Dividend
What is V.F current dividend yield, its reliability and sustainability?
2.98%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VFC's dividend (2.98%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: VFC's dividend (2.98%) is low compared to the top 25% of dividend payers in the US market (4.31%).
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 (257.1%), 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 covered by earnings (65.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Steve Rendle (60 yo)
3.58yrs
Tenure
US$16,600,591
Compensation
Mr. Steven E. Rendle, also known as Steve, has been an Interim Chief Executive Officer and President of Timberland Co. since September 2011 and its President since November 15, 2017. Mr. Rendle has been th ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD16.60M) is above average for companies of similar size in the US market ($USD11.30M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.58yrs | US$16.60m | 0.074% $ 18.5m | |
| Executive VP & CFO | 5.33yrs | US$6.02m | 0.028% $ 7.1m | |
| Executive VP & Group President of Americas Region | 0.83yr | US$3.15m | 0.0011% $ 266.1k | |
| Executive VP & Group President of EMEA | 11.5yrs | US$3.32m | 0.035% $ 8.6m | |
| Executive VP and Group President of Asia-Pacific & Emerging Brands | 11.17yrs | US$4.02m | 0.010% $ 2.5m | |
| VP, Controller & Chief Accounting Officer | 5.33yrs | no data | 0.0021% $ 529.8k | |
| Executive VP and Chief Digital & Technology Officer | 1.58yrs | no data | no data | |
| VP of Corporate Development | 3.58yrs | no data | no data | |
| Executive VP | 8.25yrs | no data | 0.0060% $ 1.5m | |
| Executive VP | no data | no data | no data | |
| Founder & Chief Marketing Officer | 1.75yrs | no data | no data | |
| President of VF Jeans Wear for Mass Brands - Americas | 15.17yrs | no data | no data |
5.3yrs
Average Tenure
58.5yo
Average Age
Experienced Management: VFC's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.58yrs | US$16.60m | 0.074% $ 18.5m | |
| Independent Director | 16.58yrs | US$280.83k | 0.0042% $ 1.0m | |
| Lead Independent Director | 5.33yrs | US$320.83k | 0.0042% $ 1.0m | |
| Independent Director | 4.5yrs | US$260.83k | 0.0029% $ 731.2k | |
| Independent Director | 5.5yrs | US$260.83k | 0.0016% $ 410.4k | |
| Independent Director | 8.83yrs | US$270.83k | 0.0027% $ 684.0k | |
| Independent Director | 7.5yrs | US$280.83k | 0.0023% $ 579.5k | |
| Independent Director | 11.5yrs | US$260.83k | 0.016% $ 4.0m | |
| Independent Director | 11.08yrs | US$270.83k | 0.018% $ 4.5m | |
| Independent Director | 3.5yrs | US$260.83k | 0.0019% $ 470.1k | |
| Independent Director | 3.5yrs | US$270.83k | 0.0011% $ 271.1k | |
| Independent Director | 1.42yrs | US$270.83k | 0.00039% $ 97.0k |
5.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: VFC's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VFC insiders have sold more shares than they have bought 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 company bio, 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$24.871b
- Shares outstanding: 389.65m
- Website: https://www.vfc.com
Number of Employees
Location
- V.F. Corporation
- 8505 East Orchard Road
- Greenwood Village
- Colorado
- 80111
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VFC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| VFP | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| VFP | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0R30 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| VFC | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1968 |
| VFP | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1968 |
| VFC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| VFCO34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REP 1 COM NPV | BR | BRL | May 2019 |
Biography
V.F. Corporation 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, Europ ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 11:48 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/06/27 |
| Annual Earnings | 2020/03/28 |
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.