NYSE:VFC

Stock Analysis Report

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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. More Details


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

-1.3%

VFC

1.1%

US Luxury

-0.4%

US Market


1 Year Return

-11.1%

VFC

22.9%

US Luxury

18.3%

US Market

Return vs Industry: VFC underperformed the US Luxury industry which returned 22.9% over the past year.

Return vs Market: VFC underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

VFCIndustryMarket
7 Day-1.3%1.1%-0.4%
30 Day6.1%6.8%6.6%
90 Day23.0%25.0%8.6%
1 Year-8.7%-11.1%24.2%22.9%21.0%18.3%
3 Year20.6%5.5%79.9%71.6%42.1%32.7%
5 Year33.6%10.8%63.6%52.7%85.6%64.7%

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

Valuation

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

9.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: VFC ($74.83) is trading above our estimate of fair value ($62.15)

Significantly Below Fair Value: VFC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VFC is unprofitable, so we can't compare its PE Ratio to the US Luxury industry average.

PE vs Market: VFC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VFC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VFC is overvalued based on its PB Ratio (9.9x) compared to the US Luxury industry average (1.7x).


Next Steps

Future Growth

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

35.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VFC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: VFC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VFC's is expected to become profitable in the next 3 years.

Revenue vs Market: VFC's revenue (11.1% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: VFC's revenue (11.1% 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 (51.9%).


Next Steps

Past Performance

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

-16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VFC is currently unprofitable.

Growing Profit Margin: VFC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VFC is unprofitable, and losses have increased over the past 5 years at a rate of 16.7% per year.

Accelerating Growth: Unable to compare VFC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VFC is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-47.1%).


Return on Equity

High ROE: VFC has a negative Return on Equity (-3.26%), as it is currently unprofitable.


Next Steps

Financial Health

How is V.F's financial position?


Financial Position Analysis

Short Term Liabilities: VFC's short term assets ($6.7B) exceed its short term liabilities ($2.1B).

Long Term Liabilities: VFC's short term assets ($6.7B) 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 50.6% to 193.3% over the past 5 years.

Debt Coverage: VFC's debt is well covered by operating cash flow (23.2%).

Interest Coverage: VFC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

2.62%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: VFC's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: VFC's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (4.56%).


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: VFC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: VFC's dividends in 3 years are forecast to be covered by earnings (61.2% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Steve Rendle (60 yo)

3.75yrs

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 ($USD16.60M) is above average for companies of similar size in the US market ($USD11.16M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Steven Rendle
Executive Chairman3.75yrsUS$16.60m0.074%
$ 21.7m
Scott Roe
Executive VP & CFO5.5yrsUS$6.02m0.028%
$ 8.3m
Martino Guerrini
Executive VP11.67yrsUS$3.32m0.035%
$ 10.1m
Kevin Bailey
Executive VP and Group President of Asia-Pacific Region & Emerging Brands11.33yrsUS$4.02m0.010%
$ 2.9m
Stephen Murray
Executive VP & Global Brand President of The North Faceno dataUS$3.15m0.0011%
$ 312.0k
Bryan McNeill
VP, Controller & Chief Accounting Officer5.5yrsno data0.0021%
$ 621.1k
Velia Carboni
Executive VP and Chief Digital & Technology Officer1.75yrsno datano data
Joe Alkire
VP of Corporate Development3.75yrsno datano data
Laura Meagher
Executive VP8.42yrsno data0.0060%
$ 1.8m
Anita Graham
Executive VPno datano datano data
Craig Hodges
Vice President of Corporate Affairs & Communications6.42yrsno datano data
Brian Beckstead
Founder & Chief Marketing Officer1.92yrsno datano data

5.5yrs

Average Tenure

58.5yo

Average Age

Experienced Management: VFC's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Rendle
Executive Chairman3.75yrsUS$16.60m0.074%
$ 21.7m
Clarence Otis
Independent Director16.75yrsUS$280.83k0.0042%
$ 1.2m
W. McCollough
Lead Independent Director5.5yrsUS$320.83k0.0046%
$ 1.3m
William McMullen
Independent Director4.67yrsUS$260.83k0.0029%
$ 857.2k
Mark Hoplamazian
Independent Director5.67yrsUS$260.83k0.0016%
$ 481.1k
Laura Lang
Independent Director9yrsUS$270.83k0.0027%
$ 801.8k
Matthew Shattock
Independent Director7.67yrsUS$280.83k0.0023%
$ 679.4k
Juliana Chugg
Independent Director11.67yrsUS$260.83k0.016%
$ 4.7m
Richard Carucci
Independent Director11.25yrsUS$270.83k0.018%
$ 5.2m
Benno Dorer
Independent Director3.67yrsUS$260.83k0.0019%
$ 551.1k
Carol Roberts
Independent Director3.67yrsUS$270.83k0.0011%
$ 317.8k
Bixuan Wu
Independent Director1.58yrsUS$270.83k0.00039%
$ 113.7k

5.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: VFC's board of directors are considered experienced (5.6 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 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$29.157b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VFCNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
VFPDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
VFPXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1968
0R30LSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
VFCSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1968
VFPETLX (Eurotlx)YesCommon StockITEURJan 1968
VFCWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1968
VFCO34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REP 1 COM NPVBRBRLMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:47
End of Day Share Price2020/10/23 00:00
Earnings2020/09/26
Annual Earnings2020/03/28


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.