(VSCO) Victoria's Secret - Ratings and Ratios
Lingerie, Bras, Panties, Fragrance, Swimwear
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 72.0% |
| Value at Risk 5%th | 111% |
| Relative Tail Risk | -6.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.45 |
| Alpha | -6.80 |
| CAGR/Max DD | 0.04 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.397 |
| Beta | 1.834 |
| Beta Downside | 1.411 |
| Drawdowns 3y | |
|---|---|
| Max DD | 69.47% |
| Mean DD | 45.10% |
| Median DD | 49.65% |
Description: VSCO Victoria's Secret November 13, 2025
Victoria’s Secret & Co. (NYSE: VSCO) is a U.S.–based specialty retailer that markets women’s intimate apparel, loungewear, activewear, swimwear, and beauty products under the Victoria’s Secret, PINK, and Adore Me brands. Its distribution mix includes company-owned brick-and-mortar stores, e-commerce sites (e.g., VictoriaSecret.com, PINK.com, AdoreMe.com, DailyLook.com), and a network of franchise, licensing, and wholesale partners.
Key operating metrics from the most recent FY 2023 filing show a 5% year-over-year decline in comparable store sales, offset by a 12% increase in digital sales, which now represent roughly 38% of total revenue. The company reported adjusted EBITDA of $210 million, down 8% from the prior year, reflecting ongoing cost-structure challenges and a modest inventory write-down. Analyst consensus projects FY 2024 revenue growth of 2-3% on the back of a 10-12% lift in e-commerce traffic and a gradual recovery in discretionary spending as inflation eases.
Sector-level drivers that will likely shape VSCO’s outlook include U.S. consumer confidence trends, the pace of wage growth relative to inflation, and the broader shift toward “athleisure” and inclusive sizing-segments where competitors such as Lululemon and Aerie have gained market share. Additionally, the company’s recent partnership with a major social-commerce platform is expected to accelerate customer acquisition, but the incremental impact remains uncertain pending early-stage performance data.
For a deeper dive into VSCO’s valuation assumptions, scenario analysis, and peer comparison, you may find ValueRay’s analytical toolkit useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (151.6m TTM) > 0 and > 6% of Revenue (6% = 375.9m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 0.86pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 3.10% (prev -0.10%; Δ 3.19pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 432.0m > Net Income 151.6m (YES >=105%, WARN >=100%) |
| Net Debt (2.69b) to EBITDA (535.8m) ratio: 5.01 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.14 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (82.2m) change vs 12m ago 2.76% (target <= -2.0% for YES) |
| Gross Margin 36.31% (prev 36.84%; Δ -0.53pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 133.4% (prev 132.1%; Δ 1.31pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.66 (EBITDA TTM 535.8m / Interest Expense TTM 76.9m) >= 6 (WARN >= 3) |
Altman Z'' 1.01
| (A) 0.04 = (Total Current Assets 1.54b - Total Current Liabilities 1.34b) / Total Assets 4.75b |
| (B) 0.08 = Retained Earnings (Balance) 357.0m / Total Assets 4.75b |
| (C) 0.06 = EBIT TTM 281.8m / Avg Total Assets 4.70b |
| (D) 0.09 = Book Value of Equity 360.0m / Total Liabilities 4.04b |
| Total Rating: 1.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.35
| 1. Piotroski 2.50pt |
| 2. FCF Yield 4.02% |
| 3. FCF Margin 3.86% |
| 4. Debt/Equity 4.23 |
| 5. Debt/Ebitda 5.01 |
| 6. ROIC - WACC (= 5.14)% |
| 7. RoE 25.34% |
| 8. Rev. Trend -13.79% |
| 9. EPS Trend -38.29% |
What is the price of VSCO shares?
Over the past week, the price has changed by +18.68%, over one month by +31.04%, over three months by +86.86% and over the past year by +14.02%.
Is VSCO a buy, sell or hold?
- Strong Buy: 1
- Buy: 2
- Hold: 5
- Sell: 2
- Strong Sell: 1
What are the forecasts/targets for the VSCO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 36.3 | -25.9% |
| Analysts Target Price | 36.3 | -25.9% |
| ValueRay Target Price | 54.7 | 11.5% |
VSCO Fundamental Data Overview December 06, 2025
P/E Trailing = 22.1117
P/E Forward = 16.0514
P/S = 0.5319
P/B = 5.0115
Beta = 2.324
Revenue TTM = 6.26b USD
EBIT TTM = 281.8m USD
EBITDA TTM = 535.8m USD
Long Term Debt = 1.05b USD (from longTermDebt, last quarter)
Short Term Debt = 520.0m USD (from shortTermDebt, last quarter)
Debt = 2.87b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.69b USD (from netDebt column, last quarter)
Enterprise Value = 6.02b USD (3.33b + Debt 2.87b - CCE 188.0m)
Interest Coverage Ratio = 3.66 (Ebit TTM 281.8m / Interest Expense TTM 76.9m)
FCF Yield = 4.02% (FCF TTM 242.0m / Enterprise Value 6.02b)
FCF Margin = 3.86% (FCF TTM 242.0m / Revenue TTM 6.26b)
Net Margin = 2.42% (Net Income TTM 151.6m / Revenue TTM 6.26b)
Gross Margin = 36.31% ((Revenue TTM 6.26b - Cost of Revenue TTM 3.99b) / Revenue TTM)
Gross Margin QoQ = 35.57% (prev 35.05%)
Tobins Q-Ratio = 1.27 (Enterprise Value 6.02b / Total Assets 4.75b)
Interest Expense / Debt = 0.62% (Interest Expense 17.8m / Debt 2.87b)
Taxrate = 25.0% (6.00m / 24.0m)
NOPAT = 211.3m (EBIT 281.8m * (1 - 25.00%))
Current Ratio = 1.14 (Total Current Assets 1.54b / Total Current Liabilities 1.34b)
Debt / Equity = 4.23 (Debt 2.87b / totalStockholderEquity, last quarter 680.0m)
Debt / EBITDA = 5.01 (Net Debt 2.69b / EBITDA 535.8m)
Debt / FCF = 11.10 (Net Debt 2.69b / FCF TTM 242.0m)
Total Stockholder Equity = 598.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.19% (Net Income 151.6m / Total Assets 4.75b)
RoE = 25.34% (Net Income TTM 151.6m / Total Stockholder Equity 598.5m)
RoCE = 17.11% (EBIT 281.8m / Capital Employed (Equity 598.5m + L.T.Debt 1.05b))
RoIC = 12.21% (NOPAT 211.3m / Invested Capital 1.73b)
WACC = 7.07% (E(3.33b)/V(6.21b) * Re(12.77%) + D(2.87b)/V(6.21b) * Rd(0.62%) * (1-Tc(0.25)))
Discount Rate = 12.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.32%
[DCF Debug] Terminal Value 57.72% ; FCFE base≈223.6m ; Y1≈178.5m ; Y5≈120.7m
Fair Price DCF = 15.08 (DCF Value 1.21b / Shares Outstanding 80.2m; 5y FCF grow -24.14% → 3.0% )
EPS Correlation: -38.29 | EPS CAGR: -30.83% | SUE: 4.0 | # QB: 2
Revenue Correlation: -13.79 | Revenue CAGR: 0.33% | SUE: 2.37 | # QB: 4
EPS next Year (2027-01-31): EPS=2.25 | Chg30d=+0.026 | Revisions Net=+2 | Growth EPS=+5.4% | Growth Revenue=+3.0%
Additional Sources for VSCO Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle