Financials V.F. Corporation

Equities

VFC

US9182041080

Apparel & Accessories

Market Closed - Nyse 21:00:02 17/06/2024 BST 5-day change 1st Jan Change
13.81 USD +1.25% Intraday chart for V.F. Corporation +4.94% -26.54%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 23,585 31,394 22,716 8,636 5,964 5,373 - -
Enterprise Value (EV) 1 26,054 35,701 26,861 14,468 5,964 9,970 9,541 9,719
P/E ratio 38.1 x 77 x 16.5 x 71.7 x -6.16 x 17.5 x 9.86 x 11.4 x
Yield 3.18% 2.42% 3.39% 8.15% - 2.6% 2.62% 2.85%
Capitalization / Revenue 2.25 x 3.45 x 1.92 x 0.74 x 0.57 x 0.53 x 0.51 x 0.5 x
EV / Revenue 2.48 x 3.92 x 2.27 x 1.25 x 0.57 x 0.99 x 0.9 x 0.9 x
EV / EBITDA 16.2 x 36.6 x 14.8 x 10.4 x 6.62 x 12.2 x 9.61 x 10.2 x
EV / FCF 44.4 x 32 x 43.4 x -17.6 x - 17.8 x 17.6 x 19.7 x
FCF Yield 2.25% 3.12% 2.3% -5.68% - 5.62% 5.69% 5.08%
Price to Book 6.92 x 10.2 x 6.49 x 2.96 x - 2.81 x 2.09 x 2.33 x
Nbr of stocks (in thousands) 394,720 391,792 388,902 388,657 388,816 389,031 - -
Reference price 2 59.75 80.13 58.41 22.22 15.34 13.81 13.81 13.81
Announcement Date 15/05/20 21/05/21 19/05/22 23/05/23 22/05/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 10,489 9,097 11,842 11,612 10,455 10,069 10,559 10,844
EBITDA 1 1,613 976.4 1,818 1,397 900.6 817.3 993 950.3
EBIT 1 1,345 707.3 1,549 1,135 581.4 512.7 685 668.9
Operating Margin 12.82% 7.78% 13.08% 9.77% 5.56% 5.09% 6.49% 6.17%
Earnings before Tax (EBT) 1 727.2 456.5 1,523 43.29 -233.7 325.8 740.2 567.7
Net income 1 679.4 407.9 1,387 118.6 -968.9 308 546.8 472.7
Net margin 6.48% 4.48% 11.71% 1.02% -9.27% 3.06% 5.18% 4.36%
EPS 2 1.570 1.040 3.530 0.3100 -2.490 0.7884 1.400 1.209
Free Cash Flow 1 586.3 1,115 618.8 -821.7 - 560.5 543.2 493.2
FCF margin 5.59% 12.25% 5.23% -7.08% - 5.57% 5.14% 4.55%
FCF Conversion (EBITDA) 36.36% 114.15% 34.03% - - 68.57% 54.7% 51.9%
FCF Conversion (Net income) 86.3% 273.27% 44.62% - - 181.96% 99.34% 104.35%
Dividend per Share 2 1.900 1.940 1.980 1.810 - 0.3597 0.3622 0.3942
Announcement Date 15/05/20 21/05/21 19/05/22 23/05/23 22/05/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 3,624 2,825 2,262 3,081 3,531 2,740 2,086 3,034 2,960 2,374 1,848 2,827 2,987 2,416 1,942
EBITDA 1 708 293.2 144.2 442.6 528.1 222.4 59.2 438.9 365.5 36.96 -38.5 389.7 408.7 89.01 13.95
EBIT 1 642.9 223.7 77.47 378.7 526.6 152.2 -7.874 363.3 276.7 -50.76 -123.9 301.4 326.1 20.45 -57
Operating Margin 17.74% 7.92% 3.43% 12.29% 14.92% 5.56% -0.38% 11.97% 9.35% -2.14% -6.7% 10.66% 10.92% 0.85% -2.94%
Earnings before Tax (EBT) 1 641.3 171.1 -62.61 -134 455.9 -216 -62.28 303.8 -65.54 -409.6 -153.5 262.2 284.3 13.73 -105
Net income 1 517.8 80.84 -55.96 -118.4 507.9 -214.9 -57.42 -450.7 -42.45 -418.3 -145.5 208.7 249.1 2.094 -89
Net margin 14.29% 2.86% -2.47% -3.84% 14.38% -7.84% -2.75% -14.85% -1.43% -17.62% -7.87% 7.38% 8.34% 0.09% -4.58%
EPS 2 1.320 0.2100 -0.1400 -0.3100 1.310 -0.5500 -0.1500 -1.160 -0.1100 -1.080 -0.3740 0.5350 0.6383 0.006830 -0.2300
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.5100 0.3000 0.3000 0.3000 0.0900 - 0.0899 0.0899 0.0899 0.0899 0.0920
Announcement Date 28/01/22 19/05/22 28/07/22 26/10/22 07/02/23 23/05/23 01/08/23 30/10/23 06/02/24 22/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 2,469 4,307 4,145 5,832 - 4,597 4,169 4,346
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.531 x 4.411 x 2.279 x 4.173 x - 5.625 x 4.198 x 4.573 x
Free Cash Flow 1 586 1,115 619 -822 - 560 543 493
ROE (net income / shareholders' equity) 28% 15.2% 42.1% 25.3% - 16.3% 21.1% 20%
ROA (Net income/ Total Assets) 9.98% 3.91% 9.21% 5.97% - 2.84% 4.8% 5.25%
Assets 1 6,811 10,438 15,058 1,987 - 10,846 11,388 9,003
Book Value Per Share 2 8.630 7.840 9.000 7.490 - 4.920 6.600 5.930
Cash Flow per Share 2 2.190 3.350 2.200 -1.690 - 1.800 2.110 1.910
Capex 1 288 199 245 166 - 150 187 203
Capex / Sales 2.75% 2.18% 2.07% 1.43% - 1.49% 1.77% 1.87%
Announcement Date 15/05/20 21/05/21 19/05/22 23/05/23 22/05/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
24
Last Close Price
13.81 USD
Average target price
15.04 USD
Spread / Average Target
+8.92%
Consensus
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