(VFC) VF - Overview
Sector: Consumer Cyclical | Industry: Apparel Manufacturing | Exchange: NYSE (USA) | Market Cap: 6.526m USD | Total Return: 20.7% in 12m
Industry Rotation: -24.1
Avg Turnover: 117M
EPS Trend: -17.5%
Qual. Beats: 0
Rev. Trend: -19.0%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Altman Z'' 1.07 < 1.0 - financial distress zone
Tailwinds
Confidence
VF Corporation (VFC) is a global designer and distributor of branded apparel, footwear, and accessories, operating through its Outdoor, Active, and Work segments. The company manages a portfolio of established brands including The North Face, Vans, Timberland, and Dickies. Its business model utilizes a multi-channel distribution strategy, selling through wholesale accounts, specialty retailers, and direct-to-consumer platforms.
The company operates within the consumer discretionary sector, which is characterized by high sensitivity to macroeconomic cycles and shifting fashion trends. As a major player in the apparel industry, VF Corporation relies on a global supply chain to maintain inventory across its diverse product lines, ranging from technical outdoor gear to streetwear. Further fundamental metrics can be explored through ValueRay to assist in your evaluation. Founded in 1899, the firm is headquartered in Denver, Colorado, and maintains a significant international presence across the Americas, Europe, and Asia-Pacific.
- Vans brand turnaround strategy execution determines long-term revenue recovery trajectory
- Inventory management and cost reduction initiatives impact operating margin expansion
- High debt levels and interest expense pressure free cash flow generation
- Consumer discretionary spending shifts in North America and Europe affect wholesale volume
- The North Face growth momentum offsets weakness in the active footwear segment
| Net Income: 223.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -10.45 > 1.0 |
| NWC/Revenue: 18.42% < 20% (prev 18.68%; Δ -0.26% < -1%) |
| CFO/TA -0.05 > 3% & CFO -534.6m > Net Income 223.4m |
| Net Debt (3.87b) to EBITDA (961.1m): 4.03 < 3 |
| Current Ratio: 1.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (397.2m) vs 12m ago 0.82% < -2% |
| Gross Margin: 53.82% > 18% (prev 0.52%; Δ 5.33k% > 0.5%) |
| Asset Turnover: 91.33% > 50% (prev 91.04%; Δ 0.29% > 0%) |
| Interest Coverage Ratio: 3.79 > 6 (EBITDA TTM 961.1m / Interest Expense TTM 173.1m) |
| A: 0.17 (Total Current Assets 4.98b - Total Current Liabilities 3.22b) / Total Assets 10.43b |
| B: -0.08 (Retained Earnings -808.2m / Total Assets 10.43b) |
| C: 0.06 (EBIT TTM 655.5m / Avg Total Assets 10.49b) |
| D: -0.20 (Book Value of Equity -1.71b / Total Liabilities 8.65b) |
| Altman-Z'' Score: 1.07 = BB |
| DSRI: 1.06 (Receivables 1.42b/1.34b, Revenue 9.58b/9.61b) |
| GMI: 0.97 (GM 53.82% / 52.22%) |
| AQI: 0.97 (AQ_t 0.33 / AQ_t-1 0.34) |
| SGI: 1.00 (Revenue 9.58b / 9.61b) |
| TATA: 0.07 (NI 223.4m - CFO -534.6m) / TA 10.43b) |
| Beneish M-Score: -2.95 (Cap -4..+1) = A |
Over the past week, the price has changed by -5.85%, over one month by -21.44%, over three months by -17.90% and over the past year by +20.70%.
- StrongBuy: 3
- Buy: 2
- Hold: 17
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 20.8 | 22.9% |
P/E Forward = 16.0772
P/S = 0.5105
P/B = 4.1616
P/EG = 0.1719
Revenue TTM = 9.58b USD
EBIT TTM = 655.5m USD
EBITDA TTM = 961.1m USD
Long Term Debt = 3.56b USD (from longTermDebt, last quarter)
Short Term Debt = 598.7m USD (from shortTermDebt, last quarter)
Debt = 5.34b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.87b USD (from netDebt column, last quarter)
Enterprise Value = 10.40b USD (6.53b + Debt 5.34b - CCE 1.47b)
Interest Coverage Ratio = 3.79 (Ebit TTM 655.5m / Interest Expense TTM 173.1m)
EV/FCF = -15.62x (Enterprise Value 10.40b / FCF TTM -665.7m)
FCF Yield = -6.40% (FCF TTM -665.7m / Enterprise Value 10.40b)
FCF Margin = -6.95% (FCF TTM -665.7m / Revenue TTM 9.58b)
Net Margin = 2.33% (Net Income TTM 223.4m / Revenue TTM 9.58b)
Gross Margin = 53.82% ((Revenue TTM 9.58b - Cost of Revenue TTM 4.43b) / Revenue TTM)
Gross Margin QoQ = 55.55% (prev 52.18%)
Tobins Q-Ratio = 1.00 (Enterprise Value 10.40b / Total Assets 10.43b)
Interest Expense / Debt = 0.74% (Interest Expense 39.7m / Debt 5.34b)
Taxrate = 17.09% (62.0m / 362.9m)
NOPAT = 543.5m (EBIT 655.5m * (1 - 17.09%))
Current Ratio = 1.55 (Total Current Assets 4.98b / Total Current Liabilities 3.22b)
Debt / Equity = 2.99 (Debt 5.34b / totalStockholderEquity, last quarter 1.78b)
Debt / EBITDA = 4.03 (Net Debt 3.87b / EBITDA 961.1m)
Debt / FCF = -5.82 (negative FCF - burning cash) (Net Debt 3.87b / FCF TTM -665.7m)
Total Stockholder Equity = 1.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.13% (Net Income 223.4m / Total Assets 10.43b)
RoE = 14.79% (Net Income TTM 223.4m / Total Stockholder Equity 1.51b)
RoCE = 12.94% (EBIT 655.5m / Capital Employed (Equity 1.51b + L.T.Debt 3.56b))
RoIC = 9.31% (NOPAT 543.5m / Invested Capital 5.84b)
WACC = 6.93% (E(6.53b)/V(11.86b) * Re(12.10%) + D(5.34b)/V(11.86b) * Rd(0.74%) * (1-Tc(0.17)))
Discount Rate = 12.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 1.00%
[DCF] Fair Price = unknown (Cash Flow -665.7m)
EPS Correlation: -17.54 | EPS CAGR: 6.01% | SUE: 0.55 | # QB: 0
Revenue Correlation: -19.03 | Revenue CAGR: 0.48% | SUE: 0.46 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.17 | Chg30d=+3.03% | Revisions=+43% | Analysts=13
[Analyst] Revisions Ratio: +43%