V.F
- Home ›
- US ›
- Consumer Durables
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.
Add to Portfolio Compare Print
VFC Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for V.F.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess V.F's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess V.F's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from V.F Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess V.F's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from V.F Company Filings, last reported 4 months ago.
| 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).
Financial health checks
We assess V.F's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) V.F has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
V.F
shares you are expected to receive
$45
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
Income/ dividend checks
We assess V.F's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the V.F management team is about average.
Management Team
Steve Rendle
Executive Chairman
$14M
58
2.3 yrs
Scott Roe
VP & CFO
$7M
53
4.1 yrs
Curt Holtz
Group President of Workwear
$3M
55
0.3 yrs
Scott Baxter
Group President of Americas West
$4M
53
12.3 yrs
Bryan McNeill
VP, Controller & Chief Accounting Officer
56
4.1 yrs
Joe Alkire
Vice President of Corporate Development
2.3 yrs
Laura Meagher
VP, General Counsel & Secretary
57
7 yrs
Craig Hodges
Vice President of Corporate Affairs
5 yrs
Brian Beckstead
Founder & Chief Marketing Officer
0.5 yrs
Anita Graham
Chief Human Resources Officer & VP
47
3.3 yrs
Board of Directors Tenure
Average tenure and age of the V.F board of directors in years:
- The tenure for the V.F board of directors is about average.
Board of Directors
Steve Rendle
Executive Chairman
$14M
58
1.5 yrs
W. McCollough
Lead Independent Director
$303K
68
4.1 yrs
Clarence Otis
Independent Director
$263K
62
15.3 yrs
Rick Carucci
Independent Director
$273K
61
9.8 yrs
Matt Shattock
Independent Director
$273K
56
6.3 yrs
Juliana Chugg
Independent Director
$253K
50
10.3 yrs
Laura Lang
Independent Director
$253K
62
7.6 yrs
Mark Hoplamazian
Independent Director
$253K
55
4.3 yrs
William McMullen
Independent Director
$253K
57
3.3 yrs
Carol Roberts
Independent Director
$253K
58
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess V.F's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleV.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 - – Full articleWhat 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 - – Full articleA 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 - – Full articleCould 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 - – Full articleWhat 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 - – Full articleHow 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 - – Full articleIs 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 - – Full articleWhy 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 - – Full articleHave 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 - – Full articleVFC 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
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.
