Overview Dividends

(VSCO) Victoria's Secret - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9264001028

Lingerie, Bras, Panties, Fragrance, Swimwear

VSCO EPS (Earnings per Share)

EPS Growth (3Y CAGR): -38.19%
EPS Trend (3Y Correlation): -19.3%

VSCO Revenue

Revenue Growth (3Y CAGR): 3.76%
Revenue Trend (3Y Correlation): -0.3%

Risk via 10d forecast
Volatility	61.4%
Value at Risk 5%th	96.2%
Relative Tail Risk	-4.76%

Reward TTM
Sharpe Ratio	0.27
Alpha	-21.94

Character TTM
Hurst Exponent	0.343
Beta	1.799
Beta Downside	1.377

Drawdowns 3y
Max DD	69.87%
Mean DD	45.89%
Median DD	50.87%

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.

VSCO Stock Overview

Market Cap in USD	2,811m
Sub-Industry	Apparel Retail
IPO / Inception	2021-07-21
Return 12m vs S&P 500	-13.6%
Analyst Rating	3.0 of 5

VSCO Dividends

Currently no dividends paid

VSCO Growth Ratios

CAGR 3y	-6.78%
CAGR/Max DD Calmar Ratio	-0.10
CAGR/Mean DD Pain Ratio	-0.15
Current Volume	2068.1k
Average Volume	1914k

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

(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) 54.24

1. Piotroski 2.50pt = -2.50

2. FCF Yield 4.40% = 2.20

3. FCF Margin 3.86% = 0.97

4. Debt/Equity 4.23 = -2.21

5. Debt/Ebitda 5.01 = -2.50

6. ROIC - WACC (= 5.73)% = 7.16

7. RoE 25.34% = 2.11

8. Rev. Trend -0.31% = -0.02

9. EPS Trend -19.28% = -0.96

What is the price of VSCO shares?

As of November 16, 2025, the stock is trading at USD 35.70 with a total of 2,068,100 shares traded.
Over the past week, the price has changed by +1.80%, over one month by +21.18%, over three months by +59.23% and over the past year by -0.94%.

Is Victoria's Secret a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Victoria's Secret is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 54.24 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VSCO is around 35.45 USD . This means that VSCO is currently overvalued and has a potential downside of -0.7%.

Is VSCO a buy, sell or hold?

Victoria's Secret has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold VSCO.

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	29.9	-16.2%
Analysts Target Price	29.9	-16.2%
ValueRay Target Price	38.8	8.7%

VSCO Fundamental Data Overview November 10, 2025

Market Cap USD = 2.81b (2.81b USD * 1.0 USD.USD)
P/E Trailing = 18.6543
P/E Forward = 13.587
P/S = 0.4487
P/B = 3.44
Beta = 2.339
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 = 5.50b USD (2.81b + Debt 2.87b - CCE 188.0m)
Interest Coverage Ratio = 3.66 (Ebit TTM 281.8m / Interest Expense TTM 76.9m)
FCF Yield = 4.40% (FCF TTM 242.0m / Enterprise Value 5.50b)
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 = 1.16 (Enterprise Value 5.50b / 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 = 6.48% (E(2.81b)/V(5.69b) * Re(12.63%) + D(2.87b)/V(5.69b) * Rd(0.62%) * (1-Tc(0.25)))
Discount Rate = 12.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.32%
[DCF Debug] Terminal Value 58.14% ; FCFE base≈223.6m ; Y1≈178.5m ; Y5≈120.7m
Fair Price DCF = 15.28 (DCF Value 1.22b / Shares Outstanding 80.2m; 5y FCF grow -24.14% → 3.0% )
EPS Correlation: -19.28 | EPS CAGR: -38.19% | SUE: 4.0 | # QB: 2
Revenue Correlation: -0.31 | Revenue CAGR: 3.76% | SUE: 2.37 | # QB: 4

Additional Sources for VSCO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle