Market Cap
US$33.2b
Last Updated
2020/02/22 01:06 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record established 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
0.07%
VFC
-2.3%
US Luxury
-1.0%
US Market
1 Year Return
-3.2%
VFC
9.3%
US Luxury
18.0%
US Market
Return vs Industry: VFC underperformed the US Luxury industry which returned 9.3% over the past year.
Return vs Market: VFC underperformed the US Market which returned 18% over the past year.
Shareholder returns
| VFC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.07% | -2.3% | -1.0% |
| 30 Day | -2.0% | -3.1% | 0.6% |
| 90 Day | -3.2% | 4.5% | 7.9% |
| 1 Year | 5.1%-3.2% | 11.5%9.3% | 20.4%18.0% |
| 3 Year | 80.6%57.8% | 63.3%55.9% | 48.0%38.5% |
| 5 Year | 30.6%9.2% | 47.1%37.2% | 72.2%53.3% |
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
3 days ago | Simply Wall St
Estimating The Fair Value Of V.F. Corporation (NYSE:VFC)1 week ago | Simply Wall St
Should You Worry About V.F. Corporation's (NYSE:VFC) CEO Pay?3 weeks ago | Simply Wall St
Is V.F. Corporation's (NYSE:VFC) 34% ROE Better Than Average?Valuation
Is V.F undervalued compared to its fair value and its price relative to the market?
3.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VFC ($83.72) is trading below our estimate of fair value ($86.82)
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 (21.1x) compared to the Luxury industry average (17.8x).
PE vs Market: VFC is poor value based on its PE Ratio (21.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: VFC is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: VFC is overvalued based on its PB Ratio (7.2x) compared to the US Luxury industry average (1.2x).
Next Steps
Future Growth
How is V.F forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VFC's forecast earnings growth (8.2% per year) is above the savings rate (1.7%).
Earnings vs Market: VFC's earnings (8.2% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: VFC's earnings are forecast to grow, but not significantly.
Revenue vs Market: VFC's revenue (5.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: VFC's revenue (5.6% 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 high in 3 years time (34.9%)
Next Steps
Past Performance
How has V.F performed over the past 5 years?
1.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VFC has high quality earnings.
Growing Profit Margin: VFC's current net profit margins (11%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: VFC's earnings have grown by 1.2% per year over the past 5 years.
Accelerating Growth: VFC's earnings growth over the past year (37.5%) exceeds its 5-year average (1.2% per year).
Earnings vs Industry: VFC earnings growth over the past year (37.5%) exceeded the Luxury industry 3.5%.
Return on Equity
High ROE: VFC's Return on Equity (34.4%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is V.F's financial position?
Financial Position Analysis
Short Term Liabilities: VFC's short term assets ($4.2B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: VFC's short term assets ($4.2B) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: VFC's debt to equity ratio (46.9%) is considered high.
Reducing Debt: VFC's debt to equity ratio has increased from 26.1% to 46.9% over the past 5 years.
Debt Coverage: VFC's debt is well covered by operating cash flow (49.9%).
Interest Coverage: VFC's interest payments on its debt are well covered by EBIT (36.2x 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 1.9x debt).
Next Steps
Dividend
What is V.F's current dividend yield, its reliability and sustainability?
2.05%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VFC's dividend (2.05%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: VFC's dividend (2.05%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 reasonably low payout ratio (48.7%), VFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VFC's dividends in 3 years are forecast to be covered by earnings (54.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Steve Rendle (59yo)
3.1yrs
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 above average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.1yrs | US$17.84m | 0.059% $19.5m | |
| Executive VP & CFO | 4.8yrs | US$7.59m | 0.025% $8.4m | |
| Executive VP & Group President of EMEA | 11yrs | US$2.50m | 0.029% $9.6m | |
| Executive VP & Group President of APAC | 10.7yrs | US$3.04m | 0.0089% $2.9m | |
| VP, Controller & Chief Accounting Officer | 4.8yrs | no data | 0.0015% $490.7k | |
| Executive VP and Chief Digital & Technology Officer | 1.1yrs | no data | no data | |
| VP of Corporate Development | 3.1yrs | no data | no data | |
| Executive VP | 7.8yrs | no data | 0.0061% $2.0m | |
| Executive VP | 0yrs | no data | no data | |
| Founder & Chief Marketing Officer | 1.3yrs | no data | no data |
4.8yrs
Average Tenure
57yo
Average Age
Experienced Management: VFC's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.1yrs | US$17.84m | 0.059% $19.5m | |
| Independent Director | 16.1yrs | US$197.50k | 0.020% $6.8m | |
| Lead Independent Director | 4.8yrs | US$237.50k | 0.0041% $1.4m | |
| Independent Director | 4yrs | US$177.50k | 0.0027% $878.5k | |
| Independent Director | 5yrs | US$177.50k | 0.0016% $537.1k | |
| Independent Director | 8.3yrs | US$177.50k | 0.0027% $898.4k | |
| Independent Director | 7yrs | US$197.50k | 0.0023% $762.5k | |
| Independent Director | 11yrs | US$177.50k | 0.018% $6.0m | |
| Independent Director | 10.6yrs | US$197.50k | 0.016% $5.4m | |
| Independent Director | 3yrs | US$177.50k | 0.0011% $354.7k |
6.0yrs
Average Tenure
59yo
Average Age
Experienced Board: VFC's board of directors are considered experienced (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$33.153b
- Shares outstanding: 394.72m
- Website: https://www.vfc.com
Number of Employees
Location
- V.F. Corporation
- 8505 East Orchard Road
- Greenwood Village
- Colorado
- 80111
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VFC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| VFP | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| VFP | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0R30 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| VFC | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1968 |
| VFP | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1968 |
| VFC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| VFCO34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REP 0.5 COM NPV | BR | BRL | May 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, Europe, and the Asia-Pacific. It operates through four segments: Outdoor, Active, Work, and Jeans. The company offers outdoor, merino wool and other natural fibers-based, surf-inspired, occupational, lifestyle, sporting, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; work and work-inspired lifestyle apparel and footwear; and denim, as well as uniform programs for business and governmental organizations. It provides its products under the North Face, Timberland, Smartwool, Icebreaker, Altra, Vans Napapijri, Kipling, Eastpak, JanSport, Reef, Eagle Creek, Dickies, Red Kap, Bulwark, Timberland PRO, VF Solutions, Wrangler RIGGS, Walls, Terra, Workrite, Kodiak, Horace Small, Wrangler, Lee, Lee Riders, and Rock & Republic brands. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through direct-to-consumer operations, including company operated stores, concession retail stores, and brand e-commerce sites. V.F. Corporation was founded in 1899 and is based in Greenwood Village, Colorado.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 01:06 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/28 |
| Annual Earnings | 2019/03/30 |
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.