VF CORP (VFC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VFC - US9182041080 - Common Stock
19.05 USD
+0.48 (+2.58%)
19.04 USD
-0.01 (-0.05%)
Overall VFC gets a fundamental rating of 3 out of 10. We evaluated VFC against 46 industry peers in the Textiles, Apparel & Luxury Goods industry. VFC has a bad profitability rating. Also its financial health evaluation is rather negative. VFC is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VFC was profitable.
In the past year VFC had a positive cash flow from operations.
In multiple years VFC reported negative net income over the last 5 years.
VFC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
VFC has a Return On Assets of 0.85%. This is in the lower half of the industry: VFC underperforms 65.22% of its industry peers.
VFC has a Return On Equity (6.11%) which is in line with its industry peers.
VFC's Return On Invested Capital of 5.67% is in line compared to the rest of the industry. VFC outperforms 45.65% of its industry peers.
VFC had an Average Return On Invested Capital over the past 3 years of 6.12%. This is significantly below the industry average of 11.99%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 6.11% | ||
| ROIC | 5.67% |
ROA(3y)-3.17%
ROA(5y)0.77%
ROE(3y)-22.37%
ROE(5y)-2.89%
ROIC(3y)6.12%
ROIC(5y)7.24%
1.3 Margins
VFC's Profit Margin of 0.95% is on the low side compared to the rest of the industry. VFC is outperformed by 63.04% of its industry peers.
With a Operating Margin value of 5.56%, VFC perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Operating Margin of VFC has declined.
With a decent Gross Margin value of 54.03%, VFC is doing good in the industry, outperforming 63.04% of the companies in the same industry.
In the last couple of years the Gross Margin of VFC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.56% | ||
| PM (TTM) | 0.95% | ||
| GM | 54.03% |
OM growth 3Y-29.38%
OM growth 5Y-16.66%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.63%
GM growth 5Y-0.71%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VFC is destroying value.
Compared to 1 year ago, VFC has more shares outstanding
VFC has about the same amout of shares outstanding than it did 5 years ago.
VFC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that VFC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VFC (1.54) is worse than 80.43% of its industry peers.
VFC has a debt to FCF ratio of 19.32. This is a negative value and a sign of low solvency as VFC would need 19.32 years to pay back of all of its debts.
VFC's Debt to FCF ratio of 19.32 is on the low side compared to the rest of the industry. VFC is outperformed by 60.87% of its industry peers.
A Debt/Equity ratio of 2.74 is on the high side and indicates that VFC has dependencies on debt financing.
With a Debt to Equity ratio value of 2.74, VFC is not doing good in the industry: 86.96% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | 19.32 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.57
WACC9.92%
2.3 Liquidity
VFC has a Current Ratio of 1.36. This is a normal value and indicates that VFC is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.36, VFC is not doing good in the industry: 80.43% of the companies in the same industry are doing better.
VFC has a Quick Ratio of 1.36. This is a bad value and indicates that VFC is not financially healthy enough and could expect problems in meeting its short term obligations.
VFC has a Quick ratio of 0.87. This is in the lower half of the industry: VFC underperforms 63.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
VFC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 48.08%, which is quite impressive.
The earnings per share for VFC have been decreasing by -23.44% on average. This is quite bad
Looking at the last year, VFC shows a decrease in Revenue. The Revenue has decreased by -3.25% in the last year.
Measured over the past years, VFC shows a decrease in Revenue. The Revenue has been decreasing by -1.95% on average per year.
EPS 1Y (TTM)48.08%
EPS 3Y-38.01%
EPS 5Y-23.44%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)-3.25%
Revenue growth 3Y-7.07%
Revenue growth 5Y-1.95%
Sales Q2Q%1.62%
3.2 Future
The Earnings Per Share is expected to grow by 18.52% on average over the next years. This is quite good.
VFC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.54% yearly.
EPS Next Y-5.11%
EPS Next 2Y15.54%
EPS Next 3Y19.94%
EPS Next 5Y18.52%
Revenue Next Year-0.4%
Revenue Next 2Y0.34%
Revenue Next 3Y1.58%
Revenue Next 5Y2.54%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 24.74, VFC is valued on the expensive side.
VFC's Price/Earnings is on the same level as the industry average.
VFC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
VFC is valuated rather expensively with a Price/Forward Earnings ratio of 18.78.
The rest of the industry has a similar Price/Forward Earnings ratio as VFC.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.10, VFC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.74 | ||
| Fwd PE | 18.78 |
4.2 Price Multiples
VFC's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as VFC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.06 | ||
| EV/EBITDA | 13.74 |
4.3 Compensation for Growth
VFC's earnings are expected to grow with 19.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.54%
EPS Next 3Y19.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.94%, VFC has a reasonable but not impressive dividend return.
VFC's Dividend Yield is a higher than the industry average which is at 3.25.
VFC's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
5.2 History
The dividend of VFC decreases each year by -28.58%.
VFC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-28.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
VFC pays out 155.43% of its income as dividend. This is not a sustainable payout ratio.
DP155.43%
EPS Next 2Y15.54%
EPS Next 3Y19.94%
19.05
+0.48 (+2.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners91.48%
Inst Owner Change-3.1%
Ins Owners0.9%
Ins Owner Change1.71%
Market Cap7.44B
Revenue(TTM)9.54B
Net Income(TTM)90.35M
Analysts67.14
Price Target15.31 (-19.63%)
Short Float %7.07%
Short Ratio3.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
Yearly Dividend0.36
Dividend Growth(5Y)-28.58%
DP155.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.67%
Min EPS beat(2)19.82%
Max EPS beat(2)29.51%
EPS beat(4)4
Avg EPS beat(4)34.72%
Min EPS beat(4)8.39%
Max EPS beat(4)81.17%
EPS beat(8)6
Avg EPS beat(8)-355.23%
EPS beat(12)8
Avg EPS beat(12)-236.83%
EPS beat(16)9
Avg EPS beat(16)-179.18%
Revenue beat(2)2
Avg Revenue beat(2)1.88%
Min Revenue beat(2)1.4%
Max Revenue beat(2)2.36%
Revenue beat(4)3
Avg Revenue beat(4)0.87%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)2.36%
Revenue beat(8)5
Avg Revenue beat(8)-0.66%
Revenue beat(12)7
Avg Revenue beat(12)-0.43%
Revenue beat(16)8
Avg Revenue beat(16)-0.53%
PT rev (1m)1.42%
PT rev (3m)10.5%
EPS NQ rev (1m)-19.39%
EPS NQ rev (3m)-21.1%
EPS NY rev (1m)-3.68%
EPS NY rev (3m)-4.38%
Revenue NQ rev (1m)-2.13%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)-0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.74 | ||
| Fwd PE | 18.78 | ||
| P/S | 0.78 | ||
| P/FCF | 31.06 | ||
| P/OCF | 19.87 | ||
| P/B | 5.04 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.74 |
EPS(TTM)0.77
EY4.04%
EPS(NY)1.01
Fwd EY5.33%
FCF(TTM)0.61
FCFY3.22%
OCF(TTM)0.96
OCFY5.03%
SpS24.42
BVpS3.78
TBVpS-1.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number8.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 6.11% | ||
| ROCE | 7.7% | ||
| ROIC | 5.67% | ||
| ROICexc | 6.01% | ||
| ROICexgc | 8.6% | ||
| OM | 5.56% | ||
| PM (TTM) | 0.95% | ||
| GM | 54.03% | ||
| FCFM | 2.51% |
ROA(3y)-3.17%
ROA(5y)0.77%
ROE(3y)-22.37%
ROE(5y)-2.89%
ROIC(3y)6.12%
ROIC(5y)7.24%
ROICexc(3y)6.61%
ROICexc(5y)8.04%
ROICexgc(3y)13.43%
ROICexgc(5y)18.64%
ROCE(3y)7.82%
ROCE(5y)9.32%
ROICexgc growth 3Y-36.33%
ROICexgc growth 5Y-14.02%
ROICexc growth 3Y-25.7%
ROICexc growth 5Y-14.25%
OM growth 3Y-29.38%
OM growth 5Y-16.66%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.63%
GM growth 5Y-0.71%
F-Score8
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | 19.32 | ||
| Debt/EBITDA | 5.07 | ||
| Cap/Depr | 50.47% | ||
| Cap/Sales | 1.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 46.94% | ||
| Profit Quality | 265.2% | ||
| Current Ratio | 1.36 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 1.54 |
F-Score8
WACC9.92%
ROIC/WACC0.57
Cap/Depr(3y)71.41%
Cap/Depr(5y)87.82%
Cap/Sales(3y)1.94%
Cap/Sales(5y)2.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.08%
EPS 3Y-38.01%
EPS 5Y-23.44%
EPS Q2Q%-13.33%
EPS Next Y-5.11%
EPS Next 2Y15.54%
EPS Next 3Y19.94%
EPS Next 5Y18.52%
Revenue 1Y (TTM)-3.25%
Revenue growth 3Y-7.07%
Revenue growth 5Y-1.95%
Sales Q2Q%1.62%
Revenue Next Year-0.4%
Revenue Next 2Y0.34%
Revenue Next 3Y1.58%
Revenue Next 5Y2.54%
EBIT growth 1Y30.66%
EBIT growth 3Y-34.37%
EBIT growth 5Y-18.29%
EBIT Next Year64.1%
EBIT Next 3Y26.42%
EBIT Next 5Y20.15%
FCF growth 1Y1120.71%
FCF growth 3Y-14.14%
FCF growth 5Y-8.9%
OCF growth 1Y56.78%
OCF growth 3Y-18.65%
OCF growth 5Y-11.86%
VF CORP / VFC FAQ
What is the fundamental rating for VFC stock?
ChartMill assigns a fundamental rating of 3 / 10 to VFC.
Can you provide the valuation status for VF CORP?
ChartMill assigns a valuation rating of 2 / 10 to VF CORP (VFC). This can be considered as Overvalued.
Can you provide the profitability details for VF CORP?
VF CORP (VFC) has a profitability rating of 3 / 10.
What are the PE and PB ratios of VF CORP (VFC) stock?
The Price/Earnings (PE) ratio for VF CORP (VFC) is 24.74 and the Price/Book (PB) ratio is 5.04.
Can you provide the dividend sustainability for VFC stock?
The dividend rating of VF CORP (VFC) is 3 / 10 and the dividend payout ratio is 155.43%.