| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$69.55 |
| 52 Week High | US$66.26 |
| 52 Week Low | US$90.79 |
| Beta | 1.46 |
| 1 Month Change | -8.40% |
| 3 Month Change | -12.70% |
| 1 Year Change | -3.58% |
| 3 Year Change | -24.60% |
| 5 Year Change | 22.13% |
| Change since IPO | 1,530.48% |
Recent News & Updates
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
| VFC | US Luxury | US 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
| VFC volatility | |
|---|---|
| VFC Beta | 1.46 |
| Industry Beta | 1.14 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1899 | 33,600 | Steve Rendle | https://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
| VFC fundamental statistics | |
|---|---|
| Market Cap | US$27.31b |
| Earnings (TTM) | US$786.62m |
| Revenue (TTM) | US$10.36b |
34.7x
P/E Ratio2.6x
P/S RatioIs VFC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VFC income statement (TTM) | |
|---|---|
| Revenue | US$10.36b |
| Cost of Revenue | US$4.77b |
| Gross Profit | US$5.58b |
| Expenses | US$4.80b |
| Earnings | US$786.62m |
Last Reported Earnings
Jul 03, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.02 |
| Gross Margin | 53.91% |
| Net Profit Margin | 7.59% |
| Debt/Equity Ratio | 144.6% |
How did VFC perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield97%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:03 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/07/03 |
| Annual Earnings | 2021/04/03 |
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.