VSXY Stock Analysis: Victoria's Secret | NYSE
Apparel Retail | NYSE, USA | Market Cap: 7.049m USD | 12M Return: 93.7% | US9264001028 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 138M
EPS Trend: 1.7%
Qual. Beats: -1
Rev. Trend: 92.1%
Warnings
No concerns identified
Tailwinds
Seasonality 0.3 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: 210.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.19 > 1.0 |
| NWC/Revenue: 5.03% < 20% (prev 3.19%; Δ 1.84% < -1%) |
| CFO/TA 0.11 > 3% & CFO 512.0m > Net Income 210.7m |
| Net Debt (4.50b) to EBITDA (563.1m): 8.00 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (84.8m) vs 12m ago 2.48% < -2% |
| Gross Margin: 36.94% > 18% (prev 36.66%; Δ 0.28% > 0.5%) |
| Asset Turnover: 144.6% > 50% (prev 136.0%; Δ 8.56% > 0%) |
| Interest Coverage Ratio: 4.90 > 6 (EBIT TTM 333.1m / Interest Expense TTM 67.9m) |
| A: 0.07 (Total Current Assets 1.63b - Total Current Liabilities 1.29b) / Total Assets 4.77b |
| B: 0.10 (Retained Earnings 461.0m / Total Assets 4.77b) |
| C: 0.07 (EBIT TTM 333.1m / Avg Total Assets 4.67b) |
| D: 0.20 (Book Value of Equity 790.0m / Total Liabilities 3.92b) |
| Altman-Z'' = 1.47 = BB |
| DSRI: 1.11 (Receivables 185.0m/153.0m, Revenue 6.76b/6.23b) |
| GMI: 0.99 (GM 36.66% / 36.94%) |
| AQI: 0.88 (AQ_t 0.16 / AQ_t-1 0.18) |
| SGI: 1.09 (Revenue 6.76b / 6.23b) |
| TATA: -0.06 (NI 210.7m - CFO 512.0m) / TA 4.77b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of August 08, 2026, the stock is trading at USD 98.54 with a total of 1,467,403 shares traded. Over the past week, the price has changed by +11.12%, over one month by +25.93%, over three months by +107.23% and over the past year by +93.67%.
Current recommended Stop Loss: 94.20 (which is 4.4% 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 | 91.4 | -7.2% |
P/E Trailing = 35.3307
P/E Forward = 17.0068
P/S = 1.0428
P/B = 8.9232
Revenue TTM = 6.76b USD
EBIT TTM = 333.1m USD
EBITDA TTM = 563.1m USD
Long Term Debt = 986.0m USD (from longTermDebt, last quarter)
Short Term Debt = 268.0m USD (from shortTermDebt, last quarter)
Debt = 4.71b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.86b
Net Debt = 4.50b USD (calculated: Debt 4.71b - CCE 207.0m)
Enterprise Value = 11.6b USD (7.05b + Debt 4.71b - CCE 207.0m)
Interest Coverage Ratio = 4.90 (Ebit TTM 333.1m / Interest Expense TTM 67.9m)
EV/FCF = 36.80x (Enterprise Value 11.6b / FCF TTM 314.0m)
FCF Yield = 2.72% (FCF TTM 314.0m / Enterprise Value 11.6b)
FCF Margin = 4.65% (FCF TTM 314.0m / Revenue TTM 6.76b)
Net Margin = 3.12% (Net Income TTM 210.7m / Revenue TTM 6.76b)
Gross Margin = 36.94% ((Revenue TTM 6.76b - Cost of Revenue TTM 4.26b) / Revenue TTM)
Gross Margin QoQ = 37.63% (prev 37.68%)
Tobins Q-Ratio = 2.42 (Enterprise Value 11.6b / Total Assets 4.77b)
Interest Expense / Debt = 1.44% (Interest Expense 67.9m / Debt 4.71b)
Taxrate = 8.46% (22.5m / 266.5m)
NOPAT = 304.9m (EBIT 333.1m * (1 - 8.46%))
Current Ratio = 1.26 (Total Current Assets 1.63b / Total Current Liabilities 1.29b)
Debt / Equity = 5.96 (Debt 4.71b / totalStockholderEquity, last quarter 790.0m)
Debt / EBITDA = 8.00 (Net Debt 4.50b / EBITDA 563.1m)
Debt / FCF = 14.35 (Net Debt 4.50b / FCF TTM 314.0m)
Total Stockholder Equity = 744.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.51% (Net Income 210.7m / Total Assets 4.77b)
RoE = 28.29% (Net Income TTM 210.7m / Total Stockholder Equity 744.8m)
RoCE = 19.25% (EBIT 333.1m / Capital Employed (Equity 744.8m + L.T.Debt 986.0m))
RoIC = 8.60% (NOPAT 304.9m / Invested Capital 3.54b)
WACC = 4.96% (E(7.05b)/V(11.8b) * Re(7.39%) + D(4.71b)/V(11.8b) * Rd(1.44%) * (1-Tc(0.08)))
Discount Rate = 7.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.84 | Cagr: 3.23%
[DCF] Terminal Value 77.97% ; FCFF base≈287.2m ; Y1≈329.2m ; Y5≈484.5m
[DCF] Fair Price = 35.05 (EV 7.29b - Net Debt 4.50b = Equity 2.79b / Shares 79.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 1.70 | EPS CAGR: 2.32% | SUE: -2.20 | # QB: -1
Revenue Correlation: 92.06 | Revenue CAGR: 2.96% | SUE: N/A | # QB: 0
EPS current Quarter (2026-07-31): EPS=0.77 | Chg30d=+0.72% | Revisions=+75% | Analysts=11
EPS next Quarter (2026-10-31): EPS=0.06 | Chg30d=+10.67% | Revisions=+75% | Analysts=11
EPS current Year (2027-01-31): EPS=4.62 | Chg30d=+0.60% | Revisions=+77% | GrowthEPS=+54.1% | GrowthRev=+8.9%
EPS next Year (2028-01-31): EPS=5.46 | Chg30d=+0.88% | Revisions=+75% | GrowthEPS=+18.2% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: +92% (up=37, down=0)