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

Apparel Retail
Market Cap in USD: 4,377m

IPO / Inception: 2021-07-21
Return 12m vs S&P 500: 16.1%

EPS (Earnings per Share)

EPS CAGR: -37.06%
EPS Trend: -41.0%

Last SUE: 2.66
Qual. Beats: 2

Revenue

Rev. CAGR: -9.90%
Rev. Trend: -21.0%

Last SUE: 2.46
Qual. Beats: 5

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	61.9%
Value at Risk 5%th	95.6%
Relative Tail Risk	-6.08%

Reward TTM
Sharpe Ratio	0.67
Alpha	4.23
CAGR/Max DD	0.17

Character TTM
Hurst Exponent	0.432
Beta	1.803
Beta Downside	1.426

Drawdowns 3y
Max DD	69.47%
Mean DD	44.67%
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) 3.5

Net Income (170.6m TTM) > 0 and > 6% of Revenue (6% = 383.4m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 2.81pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 7.10% (prev 4.19%; Δ 2.92pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 500.0m > Net Income 170.6m (YES >=105%, WARN >=100%)

Net Debt (2.94b) to EBITDA (561.8m) ratio: 5.23 <= 3.0 (WARN <= 3.5)

Current Ratio 1.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (81.0m) change vs 12m ago 2.53% (target <= -2.0% for YES)

Gross Margin 36.65% (prev 37.00%; Δ -0.35pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 127.1% (prev 126.1%; Δ 0.99pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.26 (EBITDA TTM 561.8m / Interest Expense TTM 72.9m) >= 6 (WARN >= 3)

Altman Z'' 1.27

(A) 0.09 = (Total Current Assets 1.95b - Total Current Liabilities 1.49b) / Total Assets 5.13b

(B) 0.06 = Retained Earnings (Balance) 320.0m / Total Assets 5.13b

(D) 0.07 = Book Value of Equity 323.0m / Total Liabilities 4.45b

Total Rating: 1.27 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 54.36

1. Piotroski 3.50pt

2. FCF Yield 4.22%

3. FCF Margin 4.84%

4. Debt/Equity 4.88

5. Debt/Ebitda 5.23

6. ROIC - WACC (= 7.18)%

7. RoE 26.07%

8. Rev. Trend -20.98%

9. EPS Trend -41.04%

What is the price of VSCO shares?

As of December 22, 2025, the stock is trading at USD 56.70 with a total of 3,955,300 shares traded.
Over the past week, the price has changed by +3.54%, over one month by +54.50%, over three months by +121.83% and over the past year by +34.42%.

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	54.4	-4%
Analysts Target Price	54.4	-4%
ValueRay Target Price	62.5	10.2%

VSCO Fundamental Data Overview December 20, 2025

Market Cap USD = 4.38b (4.38b USD * 1.0 USD.USD)
P/E Trailing = 25.6009
P/E Forward = 20.5761
P/S = 0.685
P/B = 6.703
Beta = 2.324
Revenue TTM = 6.39b USD
EBIT TTM = 310.8m USD
EBITDA TTM = 561.8m USD
Long Term Debt = 1.35b USD (from longTermDebt, last quarter)
Short Term Debt = 288.0m USD (from shortTermDebt, last quarter)
Debt = 3.19b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.94b USD (from netDebt column, last quarter)
Enterprise Value = 7.31b USD (4.38b + Debt 3.19b - CCE 249.0m)
Interest Coverage Ratio = 4.26 (Ebit TTM 310.8m / Interest Expense TTM 72.9m)
FCF Yield = 4.22% (FCF TTM 309.0m / Enterprise Value 7.31b)
FCF Margin = 4.84% (FCF TTM 309.0m / Revenue TTM 6.39b)
Net Margin = 2.67% (Net Income TTM 170.6m / Revenue TTM 6.39b)
Gross Margin = 36.65% ((Revenue TTM 6.39b - Cost of Revenue TTM 4.05b) / Revenue TTM)
Gross Margin QoQ = 36.41% (prev 35.57%)
Tobins Q-Ratio = 1.42 (Enterprise Value 7.31b / Total Assets 5.13b)
Interest Expense / Debt = 0.56% (Interest Expense 18.0m / Debt 3.19b)
Taxrate = 16.22% (-6.00m / -37.0m)
NOPAT = 260.4m (EBIT 310.8m * (1 - 16.22%))
Current Ratio = 1.30 (Total Current Assets 1.95b / Total Current Liabilities 1.49b)
Debt / Equity = 4.88 (Debt 3.19b / totalStockholderEquity, last quarter 653.0m)
Debt / EBITDA = 5.23 (Net Debt 2.94b / EBITDA 561.8m)
Debt / FCF = 9.50 (Net Debt 2.94b / FCF TTM 309.0m)
Total Stockholder Equity = 654.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.32% (Net Income 170.6m / Total Assets 5.13b)
RoE = 26.07% (Net Income TTM 170.6m / Total Stockholder Equity 654.5m)
RoCE = 15.53% (EBIT 310.8m / Capital Employed (Equity 654.5m + L.T.Debt 1.35b))
RoIC = 14.71% (NOPAT 260.4m / Invested Capital 1.77b)
WACC = 7.53% (E(4.38b)/V(7.56b) * Re(12.66%) + D(3.19b)/V(7.56b) * Rd(0.56%) * (1-Tc(0.16)))
Discount Rate = 12.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.56%
[DCF Debug] Terminal Value 61.15% ; FCFE base≈248.6m ; Y1≈225.7m ; Y5≈197.5m
Fair Price DCF = 23.64 (DCF Value 1.90b / Shares Outstanding 80.3m; 5y FCF grow -11.45% → 3.0% )
EPS Correlation: -41.04 | EPS CAGR: -37.06% | SUE: 2.66 | # QB: 2
Revenue Correlation: -20.98 | Revenue CAGR: -9.90% | SUE: 2.46 | # QB: 5
EPS next Quarter (2026-04-30): EPS=0.05 | Chg30d=+0.026 | Revisions Net=+2 | Analysts=8
EPS next Year (2027-01-31): EPS=2.93 | Chg30d=+0.744 | Revisions Net=+9 | Growth EPS=+10.9% | Growth Revenue=+3.6%

Additional Sources for VSCO Stock

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