VSXY Stock Analysis: Victoria's Secret | NYSE
Apparel Retail | NYSE, USA | Market Cap: 6.613m USD | 12M Return: 73.5% | US9264001028 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 151M
EPS Trend: 13.9%
Qual. Beats: 2
Rev. Trend: 92.1%
Warnings
No concerns identified
Tailwinds
Seasonality 0.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Victorias Secret & Co. (NYSE: VSXY) is a U.S.-based specialty retailer focused on womens intimate apparel, casual sleepwear, loungewear, sport and swim products, along with prestige fragrances, body care, and beauty accessories. The company sells under three core brands-Victorias Secret, PINK, and Adore Me-and reached public markets following its 2021 spin-off and IPO.
The business operates an omnichannel distribution model that combines company-owned retail stores, brand-specific e-commerce sites (VictoriasSecret.com, PINK.com, AdoreMe.com, and DailyLook.com), other digital channels, and franchise, license, and wholesale partnerships. The company is headquartered in Reynoldsburg, Ohio, and is classified within the Consumer Discretionary sector under the Apparel Retail sub-industry, a category whose sales are closely tied to discretionary consumer spending and seasonal buying cycles.
- North America comparable sales trends drive quarterly results
- Tariff and freight cost pressures squeeze gross margins
- Adore Me acquisition accelerates digital and plus-size growth
- Aerie and Savage X Fenty competition intensifies in intimates
- Share buyback program supports valuation amid soft traffic
| Net Income: 377.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 5.55 > 1.0 |
| NWC/Revenue: 7.51% < 20% (prev 3.11%; Δ 4.40% < -1%) |
| CFO/TA 0.15 > 3% & CFO 758.0m > Net Income 377.7m |
| Net Debt (4.30b) to EBITDA (769.9m): 5.59 < 3 |
| Current Ratio: 1.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (84.2m) vs 12m ago 2.37% < -2% |
| Gross Margin: 39.62% > 18% (prev 36.66%; Δ 2.95% > 0.5%) |
| Asset Turnover: 139.5% > 50% (prev 131.0%; Δ 8.46% > 0%) |
| Interest Coverage Ratio: 8.54 > 6 (EBIT TTM 551.9m / Interest Expense TTM 64.6m) |
| A: 0.10 (Total Current Assets 1.96b - Total Current Liabilities 1.44b) / Total Assets 5.16b |
| B: 0.12 (Retained Earnings 644.0m / Total Assets 5.16b) |
| C: 0.11 (EBIT TTM 551.9m / Avg Total Assets 4.96b) |
| D: 0.24 (Book Value of Equity 990.0m / Total Liabilities 4.10b) |
| Altman-Z'' = 2.07 = BBB |
| DSRI: 0.93 (Receivables 171.0m/166.0m, Revenue 6.91b/6.23b) |
| GMI: 0.93 (GM 36.66% / 39.62%) |
| AQI: 0.83 (AQ_t 0.15 / AQ_t-1 0.17) |
| SGI: 1.11 (Revenue 6.91b / 6.23b) |
| TATA: -0.07 (NI 377.7m - CFO 758.0m) / TA 5.16b) |
| Beneish M = -3.18 (Cap -4..+1) = AA |
As of September 29, 2026, the stock is trading at USD 88.29 with a total of 2,231,613 shares traded. Over the past week, the price has changed by +8.16%, over one month by +0.50%, over three months by +2.13% and over the past year by +73.53%.
Current recommended Stop Loss: 84.00 (which is 4.9% or 1.1 ATR below the current price).
Victoria's Secret has received a consensus analysts rating of 3.80. Therefore, it is recommended to hold VSXY.
- StrongBuy: 3
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 91.6 | 3.7% |
P/E Trailing = 18.5067
P/E Forward = 13.587
P/S = 0.9569
P/B = 6.7147
Revenue TTM = 6.91b USD
EBIT TTM = 551.9m USD
EBITDA TTM = 769.9m USD
Long Term Debt = 971.0m USD (from longTermDebt, last quarter)
Short Term Debt = 286.0m USD (from shortTermDebt, last quarter)
Debt = 4.82b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.92b
Net Debt = 4.30b USD (calculated: Debt 4.82b - CCE 522.0m)
Enterprise Value = 10.9b USD (6.61b + Debt 4.82b - CCE 522.0m)
Interest Coverage Ratio = 8.54 (Ebit TTM 551.9m / Interest Expense TTM 64.6m)
EV/FCF = 19.70x (Enterprise Value 10.9b / FCF TTM 554.0m)
FCF Yield = 5.08% (FCF TTM 554.0m / Enterprise Value 10.9b)
FCF Margin = 8.02% (FCF TTM 554.0m / Revenue TTM 6.91b)
Net Margin = 5.47% (Net Income TTM 377.7m / Revenue TTM 6.91b)
Gross Margin = 39.62% ((Revenue TTM 6.91b - Cost of Revenue TTM 4.17b) / Revenue TTM)
Gross Margin QoQ = 47.18% (prev 37.63%)
Tobins Q-Ratio = 2.12 (Enterprise Value 10.9b / Total Assets 5.16b)
Interest Expense / Debt = 1.34% (Interest Expense 64.6m / Debt 4.82b)
Taxrate = 15.54% (76.2m / 490.2m)
NOPAT = 466.1m (EBIT 551.9m * (1 - 15.54%))
Current Ratio = 1.36 (Total Current Assets 1.96b / Total Current Liabilities 1.44b)
Debt / Equity = 4.87 (Debt 4.82b / totalStockholderEquity, last quarter 990.0m)
Debt / EBITDA = 5.59 (Net Debt 4.30b / EBITDA 769.9m)
Debt / FCF = 7.76 (Net Debt 4.30b / FCF TTM 554.0m)
Total Stockholder Equity = 822.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.62% (Net Income 377.7m / Total Assets 5.16b)
RoE = 45.94% (Net Income TTM 377.7m / Total Stockholder Equity 822.2m)
RoCE = 30.78% (EBIT 551.9m / Capital Employed (Equity 822.2m + L.T.Debt 971.0m))
RoIC = 12.76% (NOPAT 466.1m / Invested Capital 3.65b)
WACC = 6.04% (E(6.61b)/V(11.4b) * Re(9.62%) + D(4.82b)/V(11.4b) * Rd(1.34%) * (1-Tc(0.16)))
Discount Rate = 9.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.86 | Cagr: 3.43%
[DCF] Terminal Value 77.97% ; FCFF base≈431.2m ; Y1≈494.3m ; Y5≈727.5m
[DCF] Fair Price = 83.33 (EV 10.9b - Net Debt 4.30b = Equity 6.65b / Shares 79.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 13.89 | EPS CAGR: 20.64% | SUE: 0.89 | # QB: 2
Revenue Correlation: 92.06 | Revenue CAGR: 2.96% | SUE: N/A | # QB: 0
EPS current Quarter (2026-10-31): EPS=-0.01 | Chg30d=-119.08% | Revisions=-36% | Analysts=12
EPS current Year (2027-01-31): EPS=4.71 | Chg30d=+0.98% | Revisions=+70% | GrowthEPS=+56.9% | GrowthRev=+9.5%
EPS next Year (2028-01-31): EPS=5.62 | Chg30d=+0.52% | Revisions=+10% | GrowthEPS=+19.4% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +16% (up=13, down=9)