(VSCO) Victoria's Secret - Overview

Sector: Consumer Cyclical | Industry: Apparel Retail | Exchange: NYSE (USA) | Market Cap: 3.483m USD | Total Return: 209.4% in 12m

Stock Bras, Lingerie, Panties, Sleepwear, Fragrance
Total Rating 61
Safety 74
Buy Signal -0.02
Apparel Retail -2.8
Apparel Retail -3.7
Market Cap: 3,483m
Avg Trading Vol: 121M USD
ATR: 6.79%
Peers RS (IBD): 97.8
Risk 5d forecast
Volatility66.8%
Rel. Tail Risk-5.89%
Reward TTM
Sharpe Ratio1.61
Alpha111.71
Character TTM
Beta2.625
Beta Downside2.324
Drawdowns 3y
Max DD69.47%
CAGR/Max DD0.16
EPS (Earnings per Share) EPS (Earnings per Share) of VSCO over the last years for every Quarter: "2021-04": 1.97, "2021-07": 1.71, "2021-10": 0.81, "2022-01": 2.7, "2022-04": 1.11, "2022-07": 1.09, "2022-10": 0.29, "2023-01": 2.47, "2023-04": 0.28, "2023-07": 0.24, "2023-10": -0.86, "2024-01": 2.58, "2024-04": 0.12, "2024-07": 0.4, "2024-10": -0.5, "2025-01": 2.6, "2025-04": 0.09, "2025-07": 0.33, "2025-10": -0.27, "2026-01": 2.77,
EPS CAGR: 27.62%
EPS Trend: -8.0%
Last SUE: 1.96
Qual. Beats: 3
Revenue Revenue of VSCO over the last years for every Quarter: 2021-04: 1554, 2021-07: 1614, 2021-10: 1441, 2022-01: 2176, 2022-04: 1484, 2022-07: 1521, 2022-10: 1318, 2023-01: 2021, 2023-04: 1407, 2023-07: 1427, 2023-10: 1265, 2024-01: 2083, 2024-04: 1359, 2024-07: 1417, 2024-10: 1347, 2025-01: 2106, 2025-04: 1353, 2025-07: 1459, 2025-10: 1472, 2026-01: 2269.804,
Rev. CAGR: 12.00%
Rev. Trend: 21.3%
Last SUE: 1.36
Qual. Beats: 6
Risks
Technicals: choppy
Description: VSCO Victoria's Secret

Victoria’s Secret & Co. (NYSE: VSCO) is a specialty retailer that sells women’s intimate apparel, sleepwear, loungewear, activewear, swimwear, and beauty products under the Victoria’s Secret, PINK and Adore Me brands. Its distribution mix includes company-owned stores, franchise and licensing partners, and a growing suite of e-commerce sites such as VictoriasSecret.com, PINK.com, AdoreMe.com and DailyLook.com.

Key recent metrics show the business is rebounding: FY 2024 same-store sales rose 6.2% YoY, while digital sales grew 14% as the company expands its omnichannel footprint. Gross margin improved to 38.5% after cost-saving initiatives, and the firm reported a 2024 Q2 adjusted EBITDA of $112 million, reflecting stronger brand positioning amid a consumer-discretionary environment supported by stabilising inflation and modest wage growth.

For deeper valuation insights, you might explore ValueRay’s analysis of VSCO.

Headlines to Watch Out For
  • Intimate apparel sales drive core revenue growth
  • Digital channel expansion boosts online sales penetration
  • Supply chain costs impact merchandise profitability
  • Consumer discretionary spending influences product demand
  • Brand perception shifts affect market share
Piotroski VR‑10 (Strict) 3.0
Net Income: 160.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.77 > 1.0
NWC/Revenue: 5.74% < 20% (prev 1.06%; Δ 4.68% < -1%)
CFO/TA 0.10 > 3% & CFO 499.0m > Net Income 160.9m
Net Debt (2.33b) to EBITDA (460.1m): 5.06 < 3
Current Ratio: 1.25 > 1.5 & < 3
Outstanding Shares: last quarter (85.8m) vs 12m ago 3.25% < -2%
Gross Margin: 36.38% > 18% (prev 0.37%; Δ 3.60k% > 0.5%)
Asset Turnover: 137.3% > 50% (prev 137.4%; Δ -0.12% > 0%)
Interest Coverage Ratio: 0.66 > 6 (EBITDA TTM 460.1m / Interest Expense TTM 69.7m)
Altman Z'' 1.02
A: 0.08 (Total Current Assets 1.88b - Total Current Liabilities 1.51b) / Total Assets 5.01b
B: 0.10 (Retained Earnings 504.0m / Total Assets 5.01b)
C: 0.01 (EBIT TTM 46.1m / Avg Total Assets 4.77b)
D: 0.12 (Book Value of Equity 511.0m / Total Liabilities 4.10b)
Altman-Z'' Score: 1.02 = BB
Beneish M -3.06
DSRI: 1.11 (Receivables 186.0m/159.0m, Revenue 6.55b/6.23b)
GMI: 1.01 (GM 36.38% / 36.65%)
AQI: 0.83 (AQ_t 0.15 / AQ_t-1 0.18)
SGI: 1.05 (Revenue 6.55b / 6.23b)
TATA: -0.07 (NI 160.9m - CFO 499.0m) / TA 5.01b)
Beneish M-Score: -3.06 (Cap -4..+1) = AA
What is the price of VSCO shares? As of April 04, 2026, the stock is trading at USD 46.36 with a total of 2,543,373 shares traded.
Over the past week, the price has changed by +8.31%, over one month by -25.95%, over three months by -16.55% and over the past year by +209.35%.
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.
  • StrongBuy: 1
  • Buy: 2
  • Hold: 5
  • Sell: 2
  • StrongSell: 1
What are the forecasts/targets for the VSCO price?
Wallstreet Target Price 64.4 39%
Analysts Target Price 64.4 39%
VSCO Fundamental Data Overview as of 01 April 2026
P/E Trailing = 22.4301
P/E Forward = 17.0068
P/S = 0.5316
P/B = 4.2066
Revenue TTM = 6.55b USD
EBIT TTM = 46.1m USD
EBITDA TTM = 460.1m USD
Long Term Debt = 971.0m USD (from longTermDebt, last quarter)
Short Term Debt = 299.0m USD (from shortTermDebt, last quarter)
Debt = 2.85b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.33b USD (from netDebt column, last quarter)
Enterprise Value = 5.81b USD (3.48b + Debt 2.85b - CCE 518.0m)
Interest Coverage Ratio = 0.66 (Ebit TTM 46.1m / Interest Expense TTM 69.7m)
EV/FCF = 18.63x (Enterprise Value 5.81b / FCF TTM 312.0m)
FCF Yield = 5.37% (FCF TTM 312.0m / Enterprise Value 5.81b)
FCF Margin = 4.76% (FCF TTM 312.0m / Revenue TTM 6.55b)
Net Margin = 2.45% (Net Income TTM 160.9m / Revenue TTM 6.55b)
Gross Margin = 36.38% ((Revenue TTM 6.55b - Cost of Revenue TTM 4.17b) / Revenue TTM)
Gross Margin QoQ = 37.67% (prev 36.41%)
Tobins Q-Ratio = 1.16 (Enterprise Value 5.81b / Total Assets 5.01b)
Interest Expense / Debt = 0.59% (Interest Expense 16.8m / Debt 2.85b)
Taxrate = 7.42% (16.0m / 215.4m)
NOPAT = 42.7m (EBIT 46.1m * (1 - 7.42%))
Current Ratio = 1.25 (Total Current Assets 1.88b / Total Current Liabilities 1.51b)
Debt / Equity = 3.32 (Debt 2.85b / totalStockholderEquity, last quarter 856.0m)
Debt / EBITDA = 5.06 (Net Debt 2.33b / EBITDA 460.1m)
Debt / FCF = 7.46 (Net Debt 2.33b / FCF TTM 312.0m)
Total Stockholder Equity = 708.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.37% (Net Income 160.9m / Total Assets 5.01b)
RoE = 22.70% (Net Income TTM 160.9m / Total Stockholder Equity 708.5m)
RoCE = 2.74% (EBIT 46.1m / Capital Employed (Equity 708.5m + L.T.Debt 971.0m))
RoIC = 2.34% (NOPAT 42.7m / Invested Capital 1.82b)
WACC = 8.62% (E(3.48b)/V(6.33b) * Re(15.22%) + D(2.85b)/V(6.33b) * Rd(0.59%) * (1-Tc(0.07)))
Discount Rate = 15.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.25%
[DCF] Terminal Value 77.08% ; FCFF base≈286.0m ; Y1≈302.9m ; Y5≈360.3m
[DCF] Fair Price = 41.45 (EV 5.66b - Net Debt 2.33b = Equity 3.34b / Shares 80.5m; r=8.62% [WACC]; 5y FCF grow 6.48% → 3.0% )
EPS Correlation: -8.04 | EPS CAGR: 27.62% | SUE: 1.96 | # QB: 3
Revenue Correlation: 21.32 | Revenue CAGR: 12.00% | SUE: 1.36 | # QB: 6
EPS next Quarter (2026-07-31): EPS=0.41 | Chg7d=+0.000 | Chg30d=+0.064 | Revisions Net=+6 | Analysts=9
EPS current Year (2027-01-31): EPS=3.47 | Chg7d=+0.000 | Chg30d=+0.432 | Revisions Net=+10 | Growth EPS=+15.6% | Growth Revenue=+6.2%
EPS next Year (2028-01-31): EPS=4.06 | Chg7d=+0.000 | Chg30d=+0.262 | Revisions Net=+7 | Growth EPS=+17.1% | Growth Revenue=+4.0%
[Analyst] Revisions Ratio: +1.00 (6 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 10.8% (Discount Rate 15.2% - Earnings Yield 4.5%)
[Growth] Growth Spread = -3.9% (Analyst 6.9% - Implied 10.8%)
External Resources
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