NYSE:VFC

Stock Analysis Report

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.

Snowflake

Fundamentals

Established dividend payer with proven track record.


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


Market Performance


7 Day Return

3.0%

VFC

2.3%

US Luxury

1.3%

US Market


1 Year Return

3.8%

VFC

10.2%

US Luxury

5.9%

US Market

Return vs Industry: VFC underperformed the US Luxury industry which returned 10.2% over the past year.

Return vs Market: VFC underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

VFCIndustryMarket
7 Day3.0%2.3%1.3%
30 Day0.7%3.7%-1.9%
90 Day3.0%1.1%-1.8%
1 Year12.9%3.8%12.6%10.2%8.3%5.9%
3 Year92.7%68.0%55.5%48.6%45.6%36.2%
5 Year69.9%42.2%54.1%44.1%66.1%47.9%

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?

27.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: VFC ($90.94) is trading above our estimate of fair value ($73.28)

Significantly Undervalued: VFC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VFC is poor value based on its PE Ratio (27.8x) compared to the Luxury industry average (16.6x).

PE vs Market: VFC is poor value based on its PE Ratio (27.8x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: VFC is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: VFC is overvalued based on its PB Ratio (8.7x) compared to the US Luxury industry average (1.5x).


Next Steps

Future Growth

How is V.F forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VFC's forecast earnings growth (12.3% per year) is above the savings rate (2.7%).

Earnings vs Market: VFC's earnings (12.3% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: VFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: VFC's revenue (5.8% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: VFC's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: VFC's Return on Equity is forecast to be high in 3 years time (31.9%)


Next Steps

Past Performance

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

-4.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VFC's earnings have declined by -4% per year over the past 5 years.

Accelerating Growth: VFC's earnings growth over the past year (78.9%) exceeds its 5-year average (-4% per year).

Earnings vs Industry: VFC earnings growth over the past year (78.9%) exceeded the Luxury industry 23.9%.


Return on Equity

High ROE: VFC's Return on Equity (31.2%) is considered high.


Return on Assets

ROA vs Industry: VFC has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: VFC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is V.F's financial position?


Financial Position Analysis

Short Term Liabilities: VFC's short term assets ($4.0B) exceeds its short term liabilities ($1.9B)

Long Term Liabilities: VFC's short term assets (4.0B) do not cover its long term liabilities (4.3B)


Debt to Equity History and Analysis

Debt Level: VFC's debt to equity ratio (52.2%) is considered high

Reducing Debt: VFC's debt to equity ratio has increased from 35.6% to 52.2% over the past 5 years.

Debt Coverage: VFC's debt is well covered by operating cash flow (61%).

Interest Coverage: VFC's interest payments on its debt are well covered by EBIT (25.8x coverage).


Balance Sheet

Inventory Level: VFC has a high level of physical assets or inventory.

Debt Coverage by Assets: VFC's debt is covered by short term assets (assets are 1.841720x debt).


Next Steps

Dividend

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

1.89%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.5%markettop25%3.8%industryaverage1.4%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VFC's dividend (1.89%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: VFC's dividend (1.89%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 reasonable payout ratio (60.8%), VFC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VFC's dividends in 3 years are forecast to be covered by earnings (51.2% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Steve Rendle (59yo)

2.8yrs

Tenure

US$17,842,521

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 ($USD17.84M) is about average for companies of similar size in the US market ($USD11.20M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.


Management Age and Tenure

4.5yrs

Average Tenure

57yo

Average Age

Experienced Management: VFC's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

59yo

Average Age

Experienced Board: VFC's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

Insider Buying: VFC insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellUS$558,53730 Aug 19
Laura Meagher
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares6,704
Max PriceUS$83.31
BuyUS$157,86026 Aug 19
Richard Carucci
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$78.93
SellUS$883,90030 Jul 19
Scott Roe
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares10,000
Max PriceUS$88.39
SellUS$759,46213 Feb 19
Laura Meagher
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares8,894
Max PriceUS$85.39
BuyUS$496,62225 Oct 18
Juliana Chugg
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,400
Max PriceUS$77.60
BuyUS$393,25025 Oct 18
Richard Carucci
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$78.65

Ownership Breakdown


Management Team

  • Laura Meagher (58yo)

    Executive VP

    • Tenure: 7.4yrs
  • Steve Rendle (59yo)

    Executive Chairman

    • Tenure: 2.8yrs
    • Compensation: US$17.84m
  • Kevin Bailey (58yo)

    Executive VP & Group President of APAC

    • Tenure: 10.3yrs
    • Compensation: US$3.04m
  • Anita Graham (48yo)

    Executive VP

    • Tenure: 0yrs
  • Martino Guerrini (55yo)

    Executive VP & Group President of EMEA

    • Tenure: 10.7yrs
    • Compensation: US$2.50m
  • Scott Roe (54yo)

    Executive VP & CFO

    • Tenure: 4.5yrs
    • Compensation: US$7.59m
  • Bryan McNeill (57yo)

    VP, Controller & Chief Accounting Officer

    • Tenure: 4.5yrs
  • Joe Alkire

    VP of Corporate Development

    • Tenure: 2.8yrs
  • Velia Carboni

    Executive VP and Chief Digital & Technology Officer

    • Tenure: 0.8yrs
  • Brian Beckstead

    Founder & Chief Marketing Officer

    • Tenure: 0.9yrs

Board Members

  • Clarence Otis (63yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$197.50k
  • W. McCollough (69yo)

    Lead Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$237.50k
  • Steve Rendle (59yo)

    Executive Chairman

    • Tenure: 2.8yrs
    • Compensation: US$17.84m
  • William McMullen (58yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$177.50k
  • Mark Hoplamazian (56yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$177.50k
  • Laura Lang (63yo)

    Independent Director

    • Tenure: 8yrs
    • Compensation: US$177.50k
  • Matt Shattock (57yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$197.50k
  • Juliana Chugg (51yo)

    Independent Director

    • Tenure: 10.7yrs
    • Compensation: US$177.50k
  • Rick Carucci (62yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: US$197.50k
  • Carol Roberts (59yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$177.50k

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$36.210b
  • Shares outstanding: 398.18m
  • 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
0R30LSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
VFCSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1968
VFCWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1968
VFCO34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 0.5 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 Analysis2019/10/14 23:42
End of Day Share Price2019/10/14 00:00
Earnings2019/06/29
Annual Earnings2019/03/30


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.