(VIPS) Vipshop Holdings - NYSE
Sector: Consumer Cyclical | Industry: Internet Retail | Exchange: NYSE (USA) | Market Cap: 6.661m USD | Total Return: -5.7% in 12m
Avg Turnover: 39.4M
EPS Trend: 54.7%
Qual. Beats: 0
Rev. Trend: -31.9%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Vipshop Holdings Limited (NYSE: VIPS) is a Guangzhou-based retailer operating primarily through its e-commerce platforms, Vip.com and Vipshop.com, alongside physical Shan Shan Outlets. The company specializes in the sale of branded apparel, cosmetics, and home goods to consumers in the Peoples Republic of China. Its integrated business model encompasses product procurement, software development, and a proprietary warehousing network to support its flash-sales distribution strategy.
As a player in the Broadline Retail sector, Vipshop utilizes an inventory-ownership model, which differs from pure marketplace platforms by allowing for greater control over product authentication and supply chain efficiency. The off-price retail market in China remains highly competitive, driven by shifting consumer preferences toward value-oriented luxury and branded goods. To better understand these competitive dynamics, investors may find additional insights on ValueRay useful. The company continues to leverage its established logistics infrastructure to manage high-volume, time-sensitive promotional events across its digital and offline segments.
- Active customer growth and retention rates drive quarterly revenue performance
- Discount retail demand fluctuates based on Chinese consumer confidence levels
- Logistic network optimization and warehousing efficiency impact operating margins
- Intensifying competition from domestic e-commerce giants pressures market share
- Regulatory shifts in Chinese internet sector affect long-term valuation multiples
| Net Income: 7.49b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.70 > 1.0 |
| NWC/Revenue: 7.81% < 20% (prev 7.62%; Δ 0.19% < -1%) |
| CFO/TA 0.09 > 3% & CFO 7.45b > Net Income 7.49b |
| Net Debt (-23.1b) to EBITDA (11.1b): -2.08 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (492.7m) vs 12m ago -5.53% < -2% |
| Gross Margin: 23.44% > 18% (prev 23.36%; Δ 0.08% > 0.5%) |
| Asset Turnover: 137.6% > 50% (prev 143.5%; Δ -5.97% > 0%) |
| Interest Coverage Ratio: 90.56 > 6 (EBIT TTM 9.70b / Interest Expense TTM 107.1m) |
| A: 0.10 (Total Current Assets 39.9b - Total Current Liabilities 31.6b) / Total Assets 79.6b |
| B: 0.61 (Retained Earnings 48.6b / Total Assets 79.6b) |
| C: 0.13 (EBIT TTM 9.70b / Avg Total Assets 77.1b) |
| D: 1.17 (Book Value of Equity 41.1b / Total Liabilities 35.1b) |
| Altman-Z'' = 4.75 = AA |
| DSRI: 0.35 (Receivables 1.47b/4.20b, Revenue 106b/107b) |
| GMI: 1.00 (GM 23.36% / 23.44%) |
| AQI: 1.10 (AQ_t 0.27 / AQ_t-1 0.25) |
| SGI: 0.99 (Revenue 106b / 107b) |
| TATA: 0.00 (NI 7.49b - CFO 7.45b) / TA 79.6b) |
| Beneish M = -3.51 (Cap -4..+1) = AAA |
As of June 19, 2026, the stock is trading at USD 13.33 with a total of 1,973,834 shares traded.
Over the past week, the price has changed by -4.03%,
over one month by -4.38%,
over three months by -10.20% and
over the past year by -5.68%.
Vipshop Holdings has received a consensus analysts rating of 3.71. Therefore, it is recommended to hold VIPS.
- StrongBuy: 7
- Buy: 3
- Hold: 14
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19 | 42.3% |
Market Cap CNY = 45.1b (6.66b USD * 6.7693 USD.CNY)
P/E Trailing = 6.3045
P/E Forward = 5.3996
P/S = 0.0627
P/B = 1.0944
P/EG = 0.7824
Revenue TTM = 106b CNY
EBIT TTM = 9.70b CNY
EBITDA TTM = 11.1b CNY
Long Term Debt = 562.2m CNY (estimated: total debt 7.14b - short term 6.58b)
Short Term Debt = 6.58b CNY (from shortTermDebt, last quarter)
Debt = 7.75b CNY (from shortLongTermDebtTotal, last quarter) + Leases 608.8m
Net Debt = -23.1b CNY (calculated: Debt 7.75b - CCE 30.8b)
Enterprise Value = 22.0b CNY (45.1b + Debt 7.75b - CCE 30.8b)
Interest Coverage Ratio = 90.56 (Ebit TTM 9.70b / Interest Expense TTM 107.1m)
EV/FCF = 4.08x (Enterprise Value 22.0b / FCF TTM 5.39b)
FCF Yield = 24.48% (FCF TTM 5.39b / Enterprise Value 22.0b)
FCF Margin = 5.08% (FCF TTM 5.39b / Revenue TTM 106b)
Net Margin = 7.06% (Net Income TTM 7.49b / Revenue TTM 106b)
Gross Margin = 23.44% ((Revenue TTM 106b - Cost of Revenue TTM 81.2b) / Revenue TTM)
Gross Margin QoQ = 24.44% (prev 22.92%)
Tobins Q-Ratio = 0.28 (Enterprise Value 22.0b / Total Assets 79.6b)
Interest Expense / Debt = 1.38% (Interest Expense 107.1m / Debt 7.75b)
Taxrate = 19.05% (1.81b / 9.49b)
NOPAT = 7.85b (EBIT 9.70b * (1 - 19.05%))
Current Ratio = 1.26 (Total Current Assets 39.9b / Total Current Liabilities 31.6b)
Debt / Equity = 0.19 (Debt 7.75b / totalStockholderEquity, last quarter 41.1b)
Debt / EBITDA = -2.08 (Net Debt -23.1b / EBITDA 11.1b)
Debt / FCF = -4.28 (Net Debt -23.1b / FCF TTM 5.39b)
Total Stockholder Equity = 40.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.72% (Net Income 7.49b / Total Assets 79.6b)
RoE = 18.50% (Net Income TTM 7.49b / Total Stockholder Equity 40.5b)
RoCE = 23.61% (EBIT 9.70b / Capital Employed (Equity 40.5b + L.T.Debt 562.2m))
RoIC = 15.91% (NOPAT 7.85b / Invested Capital 49.3b)
WACC = 7.53% (E(45.1b)/V(52.8b) * Re(8.63%) + D(7.75b)/V(52.8b) * Rd(1.38%) * (1-Tc(0.19)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.66 | Cagr: -5.12%
[DCF] Terminal Value 75.00% ; FCFF base≈5.46b ; Y1≈5.33b ; Y5≈5.35b
[DCF] Fair Price = 265.4 (EV 83.7b - Net Debt -23.1b = Equity 107b / Shares 402.5m; r=8.35% [WACC [floored]]; 5y FCF grow -3.21% → 2.50% )
EPS Correlation: 54.72 | EPS CAGR: 4.50% | SUE: 0.53 | # QB: 0
Revenue Correlation: -31.91 | Revenue CAGR: -0.62% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.92 | Chg30d=-10.19% | Revisions=-43% | Analysts=6
EPS next Quarter (2026-09-30): EPS=3.26 | Chg30d=-2.63% | Revisions=+14% | Analysts=4
EPS current Year (2026-12-31): EPS=17.32 | Chg30d=-2.47% | Revisions=-50% | GrowthEPS=+1.4% | GrowthRev=+0.2%
EPS next Year (2027-12-31): EPS=18.53 | Chg30d=-2.18% | Revisions=-62% | GrowthEPS=+7.0% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: -62%