Vipshop Holdings Limited

NYSE:VIPS Stock Report

Market Cap: US$7.1b

Vipshop Holdings Valuation

Is VIPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VIPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VIPS ($13.74) is trading below our estimate of fair value ($48.11)

Significantly Below Fair Value: VIPS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VIPS?

Key metric: As VIPS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VIPS. This is calculated by dividing VIPS's market cap by their current earnings.
What is VIPS's PE Ratio?
PE Ratio6.2x
EarningsCN¥8.25b
Market CapCN¥51.60b

Price to Earnings Ratio vs Peers

How does VIPS's PE Ratio compare to its peers?

The above table shows the PE ratio for VIPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
DDS Dillard's
11.4x-31.4%US$7.0b
ETSY Etsy
24.3x11.6%US$6.2b
OLLI Ollie's Bargain Outlet Holdings
30.1x8.3%US$6.1b
M Macy's
25.5x17.7%US$4.5b
VIPS Vipshop Holdings
6.2x-4.2%US$7.1b

Price-To-Earnings vs Peers: VIPS is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

How does VIPS's PE Ratio compare vs other companies in the North American Multiline Retail Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
VIPS 6.2xIndustry Avg. 22.0xNo. of Companies3PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VIPS is good value based on its Price-To-Earnings Ratio (6.2x) compared to the Global Multiline Retail industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is VIPS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VIPS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: VIPS is good value based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VIPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$13.74
US$15.88
+15.6%
17.6%US$22.99US$10.99n/a24
Nov ’25US$14.19
US$15.84
+11.7%
18.1%US$23.39US$10.83n/a23
Oct ’25US$16.58
US$15.79
-4.8%
19.0%US$23.75US$11.00n/a23
Sep ’25US$12.54
US$15.67
+24.9%
19.7%US$23.39US$11.04n/a23
Aug ’25US$13.20
US$18.28
+38.5%
15.4%US$22.93US$14.01n/a22
Jul ’25US$13.17
US$18.72
+42.2%
14.5%US$22.93US$14.00n/a22
Jun ’25US$16.07
US$20.35
+26.6%
10.2%US$23.88US$16.49n/a23
May ’25US$14.98
US$21.92
+46.3%
11.5%US$28.80US$17.97n/a24
Apr ’25US$17.48
US$22.10
+26.4%
10.8%US$28.88US$18.02n/a24
Mar ’25US$19.36
US$22.16
+14.5%
11.3%US$28.97US$17.61n/a23
Feb ’25US$16.41
US$18.93
+15.3%
10.6%US$22.72US$14.08n/a23
Jan ’25US$17.76
US$19.10
+7.5%
10.6%US$23.01US$14.26n/a23
Dec ’24US$15.66
US$19.01
+21.4%
10.4%US$22.88US$14.18US$13.8123
Nov ’24US$14.34
US$18.24
+27.2%
11.2%US$21.89US$13.99US$14.1923
Oct ’24US$16.01
US$18.28
+14.2%
11.2%US$21.94US$14.02US$16.5823
Sep ’24US$16.21
US$18.30
+12.9%
10.9%US$21.97US$13.97US$12.5424
Aug ’24US$18.74
US$18.34
-2.1%
12.3%US$21.25US$13.67US$13.2023
Jul ’24US$16.50
US$17.86
+8.3%
12.7%US$20.99US$13.51US$13.1723
Jun ’24US$15.08
US$17.42
+15.5%
10.0%US$20.39US$13.85US$16.0722
May ’24US$15.21
US$15.85
+4.2%
11.9%US$19.24US$11.50US$14.9823
Apr ’24US$15.18
US$15.98
+5.2%
11.9%US$19.41US$11.60US$17.4823
Mar ’24US$15.20
US$15.32
+0.8%
13.0%US$18.40US$11.47US$19.3620
Feb ’24US$15.93
US$13.83
-13.2%
18.1%US$17.55US$10.60US$16.4119
Jan ’24US$13.64
US$12.81
-6.1%
18.3%US$17.16US$9.87US$17.7619
Dec ’23US$11.43
US$11.52
+0.8%
15.5%US$15.35US$9.06US$15.6618

Analyst Forecast: Target price is less than 20% higher than the current share price.

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