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V.F

NYSE:VFC
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VFC
NYSE
$36B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

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. The last earnings update was 101 days ago. More info.


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VFC Share Price and Events
7 Day Returns
-3.6%
NYSE:VFC
-4%
US Luxury
-3.9%
US Market
1 Year Returns
13.4%
NYSE:VFC
10.3%
US Luxury
1.4%
US Market
VFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
V.F (VFC) -3.6% -2.8% 4.4% 13.4% 50.5% 45.3%
US Luxury -4% -5.5% -2.9% 10.3% 30.1% 42.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • VFC outperformed the Luxury industry which returned 10.3% over the past year.
  • VFC outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
VFC
Industry
5yr Volatility vs Market

VFC Value

 Is V.F undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of V.F to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for V.F.

NYSE:VFC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:VFC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 21%) (7.86%))
0.821
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.821 * 5.96%)
7.62%

Discounted Cash Flow Calculation for NYSE:VFC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for V.F is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:VFC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.62%)
2019 1,476.47 Analyst x8 1,371.88
2020 1,636.13 Analyst x7 1,412.54
2021 1,836.27 Analyst x3 1,473.03
2022 1,867.00 Analyst x1 1,391.59
2023 2,081.00 Analyst x1 1,441.22
2024 2,205.33 Est @ 5.97% 1,419.13
2025 2,315.62 Est @ 5% 1,384.55
2026 2,415.65 Est @ 4.32% 1,342.05
2027 2,508.48 Est @ 3.84% 1,294.90
2028 2,596.50 Est @ 3.51% 1,245.39
Present value of next 10 years cash flows $13,776.28
NYSE:VFC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2,596.50 × (1 + 2.73%) ÷ (7.62% – 2.73%)
$54,505.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $54,505.44 ÷ (1 + 7.62%)10
$26,143.10
NYSE:VFC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13,776.28 + $26,143.10
$39,919.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $39,919.37 / 395.61
$100.91
NYSE:VFC Discount to Share Price
Calculation Result
Value per share (USD) From above. $100.91
Current discount Discount to share price of $90.70
= -1 x ($90.70 - $100.91) / $100.91
10.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price V.F is available for.
Intrinsic value
10%
Share price is $90.7 vs Future cash flow value of $100.91
Current Discount Checks
For V.F to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • V.F's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • V.F's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for V.F's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are V.F's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:VFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $4.22
NYSE:VFC Share Price ** NYSE (2019-05-15) in USD $90.7
United States of America Luxury Industry PE Ratio Median Figure of 38 Publicly-Listed Luxury Companies 16.42x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of V.F.

NYSE:VFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VFC Share Price ÷ EPS (both in USD)

= 90.7 ÷ 4.22

21.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • V.F is overvalued based on earnings compared to the US Luxury industry average.
  • V.F is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does V.F's expected growth come at a high price?
Raw Data
NYSE:VFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
11.6%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:VFC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.51x ÷ 11.6%

1.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • V.F is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on V.F's assets?
Raw Data
NYSE:VFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $10.87
NYSE:VFC Share Price * NYSE (2019-05-15) in USD $90.7
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.48x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:VFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VFC Share Price ÷ Book Value per Share (both in USD)

= 90.7 ÷ 10.87

8.34x

* Primary Listing of V.F.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • V.F is overvalued based on assets compared to the US Luxury industry average.
X
Value checks
We assess V.F's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. V.F has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VFC Future Performance

 How is V.F expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is V.F expected to grow at an attractive rate?
  • V.F's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • V.F's earnings growth is positive but not above the United States of America market average.
  • V.F's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:VFC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:VFC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 11.6%
NYSE:VFC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 6%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:VFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:VFC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 18,647 1
2023-03-31 17,891 2,362 2
2022-03-31 16,855 2,141 2
2021-03-31 15,538 2,171 1,845 12
2020-03-31 14,566 1,961 1,672 24
2019-03-31 13,839 1,826 1,401 23
NYSE:VFC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 13,507 -1,221 1,667
2018-09-29 13,216 -1,087 1,131
2018-06-30 12,701 -901 1,098
2018-03-31 12,182 -973 1,045
2017-12-30 11,811 1,475 721
2017-09-30 12,186 1,437 1,025
2017-07-01 12,005 1,457 1,124
2017-04-01 11,966 1,413 1,145
2016-12-31 11,026 1,481 1,079
2016-10-01 11,609 1,531 1,270
2016-07-02 11,811 1,473 1,243
2016-04-02 11,917 1,459 1,274
2016-01-02 10,996 1,204 1,217

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • V.F's earnings are expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
  • V.F's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:VFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from V.F Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VFC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 6.48 6.48 6.48 1.00
2022-03-31 5.62 5.73 5.50 2.00
2021-03-31 4.74 5.00 4.52 6.00
2020-03-31 4.24 4.32 4.17 9.00
2019-03-31 3.51 3.76 3.39 7.00
NYSE:VFC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 4.22
2018-09-29 2.86
2018-06-30 2.78
2018-03-31 2.64
2017-12-30 1.81
2017-09-30 2.54
2017-07-01 2.75
2017-04-01 2.77
2016-12-31 2.59
2016-10-01 3.03
2016-07-02 2.94
2016-04-02 3.00
2016-01-02 2.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • V.F is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess V.F's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
V.F has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VFC Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare V.F's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • V.F's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • V.F's 1-year earnings growth exceeds its 5-year average (130.1% vs -1.2%)
  • V.F's earnings growth has exceeded the US Luxury industry average in the past year (130.1% vs 56.5%).
Earnings and Revenue History
V.F's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from V.F Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VFC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 13,506.64 1,666.92 5,208.67
2018-09-29 13,215.76 1,130.82 5,208.03
2018-06-30 12,701.31 1,097.52 5,053.73
2018-03-31 12,181.78 1,044.66 4,862.21
2017-12-30 11,811.18 721.21 4,425.75
2017-09-30 12,186.48 1,025.18 4,431.12
2017-07-01 12,005.38 1,123.64 4,297.65
2017-04-01 11,966.26 1,145.27 4,233.90
2016-12-31 11,026.15 1,078.85 3,948.32
2016-10-01 11,608.88 1,270.18 4,004.99
2016-07-02 11,810.79 1,242.59 4,024.22
2016-04-02 11,917.31 1,273.94 4,030.49
2016-01-02 10,996.39 1,217.06 3,747.80
2015-10-03 12,285.24 1,030.70 4,120.38
2015-07-04 12,276.06 1,043.60 4,143.47
2015-04-04 12,251.15 1,033.44 4,139.33
2015-01-03 11,881.73 1,327.75 3,970.54
2014-09-27 11,993.40 1,293.07 4,048.98
2014-06-28 11,770.22 1,256.30 3,969.70
2014-03-29 11,588.56 1,236.90 3,902.49
2013-12-28 11,419.65 1,210.12 3,841.03
2013-09-28 11,162.81 1,176.62 3,720.67
2013-06-29 11,013.89 1,124.18 3,664.62
2013-03-30 10,935.27 1,141.20 3,611.29
2012-12-29 10,879.86 1,086.00 3,565.91
2012-09-29 10,756.83 1,009.15 3,539.46
2012-06-30 10,358.55 928.53 3,421.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • V.F has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • V.F used its assets more efficiently than the US Luxury industry average last year based on Return on Assets.
  • V.F has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess V.F's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
V.F has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VFC Health

 How is V.F's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up V.F's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • V.F is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • V.F's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of V.F's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from V.F Company Filings, last reported 4 months ago.

NYSE:VFC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 4,300.62 2,818.71 535.31
2018-09-29 4,179.56 3,727.00 352.78
2018-06-30 3,731.12 3,479.74 467.92
2018-03-31 3,688.10 3,743.93 680.76
2017-12-30 3,719.90 2,923.34 566.08
2017-09-30 3,937.42 4,383.34 1,546.13
2017-07-01 3,644.34 3,286.52 672.54
2017-04-01 4,373.06 2,593.90 604.44
2016-12-31 4,940.92 2,318.90 1,227.86
2016-10-01 4,872.78 3,088.43 737.83
2016-07-02 4,648.44 2,808.70 676.26
2016-04-02 4,893.95 2,541.93 585.84
2016-01-02 5,384.84 1,854.76 944.42
2015-10-03 5,361.20 2,710.03 566.60
2015-07-04 4,963.80 2,584.04 659.77
2015-04-04 4,904.27 2,494.19 655.48
2015-01-03 5,630.88 1,439.64 971.90
2014-09-27 5,862.36 2,083.52 496.50
2014-06-28 5,653.37 2,010.58 475.89
2014-03-29 5,754.83 1,692.08 321.67
2013-12-28 6,077.04 1,450.81 776.40
2013-09-28 5,628.88 1,898.44 315.66
2013-06-29 5,184.06 1,877.12 320.11
2013-03-30 5,088.99 2,013.61 300.44
2012-12-29 5,125.63 1,844.60 597.46
2012-09-29 4,926.78 2,573.67 304.60
2012-06-30 4,524.05 2,515.11 330.51
  • V.F's level of debt (65.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24% vs 65.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 18.3x coverage).
X
Financial health checks
We assess V.F's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. V.F has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VFC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.25%
Current annual income from V.F dividends. Estimated to be 2.53% next year.
If you bought $2,000 of V.F shares you are expected to receive $45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • V.F's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • V.F's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:VFC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:VFC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31 2.94 2.00
2022-03-31 2.67 2.00
2021-03-31 2.31 10.00
2020-03-31 2.12 13.00
2019-03-31 1.93 13.00
NYSE:VFC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-04 2.040 2.304
2019-01-18 2.040 2.440
2018-07-20 1.840 2.192
2018-05-04 1.840 2.240
2018-02-16 1.840 2.429
2017-11-02 1.840 2.451
2017-10-23 1.840 2.614
2017-08-02 1.680 2.649
2017-07-24 1.680 2.739
2017-05-10 1.680 3.041
2017-04-28 1.680 3.092
2017-03-01 1.680 3.091
2017-02-17 1.680 3.181
2016-11-03 1.680 3.140
2016-10-24 1.680 3.121
2016-07-22 1.480 2.508
2016-05-10 1.480 2.372
2016-04-29 1.480 2.302
2016-03-02 1.480 2.292
2016-02-19 1.480 2.331
2015-11-06 1.480 2.412
2015-10-23 1.480 2.197
2015-05-01 1.280 1.786
2014-10-20 1.280 1.758
2014-04-25 1.050 1.661
2013-10-21 1.050 1.790
2013-07-19 0.870 1.775
2013-04-26 0.870 1.858
2013-02-26 0.870 2.085
2012-10-22 0.870 2.270
2012-07-19 0.720 1.858
2012-04-27 0.720 2.055
2012-02-16 0.720 1.946
2011-10-24 0.720 2.149
2011-07-21 0.630 2.120
2011-04-29 0.630 2.447
2011-02-22 0.630 2.574
2010-11-10 0.630 2.973
2010-10-21 0.630 3.005
2010-04-30 0.600 3.074
2010-02-11 0.600 2.981
2009-10-26 0.600 3.267

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of V.F's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess V.F's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can V.F afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. V.F has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VFC Management

 What is the CEO of V.F's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Rendle
COMPENSATION $13,736,655
AGE 58
TENURE AS CEO 2.3 years
CEO Bio

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 the Chief Executive Officer of V.F. Corporation since January 1, 2017, its President since June 24, 2015 and served as its Chief Operating Officer from June 24, 2015 to December 2016. He served as Senior Vice President of Americas at V.F. Corporation since April 2014 until June 2015. He served as Vice President and Group President of Outdoor & Action Sports Americas at V.F. Corporation since January 7, 2011 until April 2014. He served as the President of Outdoor Americas coalition of VF Corp., a holding of Lucy Activewear, Inc. from February 1, 2009 to January 7, 2011. Mr. Rendle served as the President of The North Face of Americas of V.F. Corp. from July 23, 2004 to February 1, 2009. Mr. Rendle joined The North Face in 1999 and has been a key leader behind the successful growth of the business since its acquisition by VF in April 2000. He also served leading sales management roles at both Youngone Corporation and W.L. Gore and Associates prior to joining The North Face. Mr. Rendle has been the Chairman of the Board of V.F. Corporation since November 2017 and Director since June 24, 2015. Mr. Rendle holds a Bachelor of Science from the University of Washington.

CEO Compensation
  • Steve's compensation has increased by more than 20% in the past year.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the V.F management team in years:

3.7
Average Tenure
55
Average Age
  • The tenure for the V.F management team is about average.
Management Team

Steve Rendle

TITLE
Executive Chairman
COMPENSATION
$14M
AGE
58
TENURE
2.3 yrs

Scott Roe

TITLE
VP & CFO
COMPENSATION
$7M
AGE
53
TENURE
4.1 yrs

Curt Holtz

TITLE
Group President of Workwear
COMPENSATION
$3M
AGE
55
TENURE
0.3 yrs

Scott Baxter

TITLE
Group President of Americas West
COMPENSATION
$4M
AGE
53
TENURE
12.3 yrs

Bryan McNeill

TITLE
VP, Controller & Chief Accounting Officer
AGE
56
TENURE
4.1 yrs

Joe Alkire

TITLE
Vice President of Corporate Development
TENURE
2.3 yrs

Laura Meagher

TITLE
VP, General Counsel & Secretary
AGE
57
TENURE
7 yrs

Craig Hodges

TITLE
Vice President of Corporate Affairs
TENURE
5 yrs

Brian Beckstead

TITLE
Founder & Chief Marketing Officer
TENURE
0.5 yrs

Anita Graham

TITLE
Chief Human Resources Officer & VP
AGE
47
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the V.F board of directors in years:

5.3
Average Tenure
58
Average Age
  • The tenure for the V.F board of directors is about average.
Board of Directors

Steve Rendle

TITLE
Executive Chairman
COMPENSATION
$14M
AGE
58
TENURE
1.5 yrs

W. McCollough

TITLE
Lead Independent Director
COMPENSATION
$303K
AGE
68
TENURE
4.1 yrs

Clarence Otis

TITLE
Independent Director
COMPENSATION
$263K
AGE
62
TENURE
15.3 yrs

Rick Carucci

TITLE
Independent Director
COMPENSATION
$273K
AGE
61
TENURE
9.8 yrs

Matt Shattock

TITLE
Independent Director
COMPENSATION
$273K
AGE
56
TENURE
6.3 yrs

Juliana Chugg

TITLE
Independent Director
COMPENSATION
$253K
AGE
50
TENURE
10.3 yrs

Laura Lang

TITLE
Independent Director
COMPENSATION
$253K
AGE
62
TENURE
7.6 yrs

Mark Hoplamazian

TITLE
Independent Director
COMPENSATION
$253K
AGE
55
TENURE
4.3 yrs

William McMullen

TITLE
Independent Director
COMPENSATION
$253K
AGE
57
TENURE
3.3 yrs

Carol Roberts

TITLE
Independent Director
COMPENSATION
$253K
AGE
58
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Feb 19 Sell Laura Meagher Individual 11. Feb 19 11. Feb 19 -8,894 $85.39 $-759,462
25. Oct 18 Buy Juliana Chugg Individual 25. Oct 18 25. Oct 18 6,400 $77.60 $496,622
25. Oct 18 Buy Richard Carucci Individual 24. Oct 18 24. Oct 18 5,000 $78.65 $393,250
28. Aug 18 Sell Kevin Bailey Individual 27. Aug 18 27. Aug 18 -4,400 $91.95 $-404,580
15. Aug 18 Sell Laura Meagher Individual 14. Aug 18 14. Aug 18 -5,385 $93.26 $-501,709
X
Management checks
We assess V.F's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. V.F has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VFC News

Simply Wall St News

Here's What You Should Know About V.F. Corporation's (NYSE:VFC) 2.2% Dividend Yield

Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see V.F has grown its earnings per share at 10% per annum over the past five years. Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends. We generally think this is an attractive combination, as it permits further reinvestment in the business. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Next, growing earnings per share and steady dividend payments is a great combination.

Simply Wall St -

V.F. Corporation (NYSE:VFC) Is Employing Capital Very Effectively

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What You Must Know About V.F. Corporation's (NYSE:VFC) Financial Strength

the health of the financials determines whether the company continues to succeed. … This article will examine V.F’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

A Closer Look At V.F. Corporation's (NYSE:VFC) Impressive ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.39 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Could The V.F. Corporation (NYSE:VFC) Ownership Structure Tell Us Something Useful?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

What Investors Should Know About V.F. Corporation's (NYSE:VFC) Financial Strength

Corporation (NYSE:VFC), a large-cap worth US$28b, comes to mind for investors seeking a strong and reliable stock investment. … This article will examine V.F’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

How Does V.F. Corporation's (NYSE:VFC) Earnings Growth Stack Up Against Industry Performance?

For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -3.8%, indicating the rate at which VFC is growing has accelerated … What's the driver of this growth?

Simply Wall St -

Is It Too Late To Consider Buying V.F. Corporation (NYSE:VFC)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $93.8 at one point, and dropping to the lows of $67.32. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether V.F's current trading price of $67.32 reflective of the actual value of the?

Simply Wall St -

Why V.F. Corporation (NYSE:VFC) Is A Top Dividend Stock

Corporation (NYSE:VFC) has been paying dividends to shareholders. … The stock currently pays out a dividend yield of 2.5%, and has a market cap of US$30b. … How I analyze a dividend stock

Simply Wall St -

Have Insiders Been Selling VF Corporation (NYSE:VFC) Shares This Year?

So we know that an insider sold shares at around the present share price of US$76.00. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price. … Over the last year, we can see that insiders have bought 11.40k shares worth US$890k.

Simply Wall St -

VFC Company Info

Description

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. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other. The company offers outdoor apparel, youth culture/action sports-inspired footwear, footwear and equipment, handbags, luggage, backpacks, totes, accessories, backpacks, surfing-inspired footwear, merino wool socks, and travel accessories under The North Face, Vans, Timberland, Kipling, Napapijri, JanSport, Reef, Smartwool, Eastpak, and Eagle Creek brands. It also provides denim, casual apparel, footwear, and accessories under the Wrangler, Lee, Riders by Lee, Rustler, and Rock & Republic brands. In addition, the company offers occupational, protective occupational, work and work-inspired lifestyle, and outdoor work and hunt apparel, as well as protective work and lifestyle footwear under the Red Kap, Bulwark, Horace Small, Dickies, Workrite, Kodiak, Terra, and Walls brands. It sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through direct-to-consumer operations, concession retail stores, and e-commerce sites. V.F. Corporation was founded in 1899 and is headquartered in Greensboro, North Carolina.

Details
Name: V.F. Corporation
VFC
Exchange: NYSE
Founded: 1899
$35,881,413,770
395,605,444
Website: http://www.vfc.com
Address: V.F. Corporation
105 Corporate Center Boulevard,
Greensboro,
North Carolina, 27408,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE VFC Common Stock New York Stock Exchange US USD 02. Jan 1968
DB VFP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0R30 Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX VFC Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG VFC Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
NYSE VFC.WI EX DISTRIBUTON New York Stock Exchange US USD 06. May 2019
BOVESPA VFCO34 BDR EACH 1 REP 0.5 COM NPV Bolsa de Valores de Sao Paulo BR BRL 01. Apr 2019
Number of employees
Current staff
Staff numbers
69,000
V.F employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:33
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.