Financials V.F. Corporation

Equities

VFC

US9182041080

Apparel & Accessories

Real-time Estimate Cboe BZX Other stock markets 20:20:27 10/12/2024 GMT			5-day change	1st Jan Change
20.90 ^USD	-1.62%		+0.19%	+11.16%

12-05	Truist Initiates VF Corp. at Hold With $20 Price Target	MT
11-13	Sector Update: Consumer Stocks Advance in Late Afternoon Trading	MT

Projected Income Statement: V.F. Corporation

income-statement-evolution-chart V-F-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,489	9,097	11,842	11,612	10,455	9,554	9,798	10,155
Change	-	-13.27%	30.18%	-1.94%	-9.97%	-8.62%	2.56%	3.65%
EBITDA ¹	1,613	976.4	1,818	1,397	900.6	649.3	794.8	955.8
Change	-	-39.46%	86.24%	-23.15%	-35.55%	-27.9%	22.4%	20.27%
EBIT ¹	1,345	707.3	1,549	1,135	581.4	376.1	533.5	713
Change	-	-47.42%	119.05%	-26.74%	-48.78%	-35.31%	41.85%	33.66%
Interest Paid ¹	-72.18	-126.5	-131.5	-164.6	-223.4	-161.5	-140.4	-124.4
Earnings before Tax (EBT) ¹	727.2	456.5	1,523	43.29	-233.7	135.7	411.7	591.7
Change	-	-37.23%	233.7%	-97.16%	-	-	203.4%	43.71%
Net income ¹	679.4	407.9	1,387	118.6	-968.9	-34.01	383.1	518.2
Change	-	-39.97%	240.05%	-91.45%	-	96.49%	-	35.26%
Announcement Date	15/05/20	21/05/21	19/05/22	23/05/23	22/05/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	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	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	3,385	2,102	1,076	2,608	2,972	2,441	2,195	3,198	3,624	2,825	2,262	3,081	3,531	2,740	2,086	3,034	2,960	2,374	1,907	2,758	2,746	2,259	1,812	2,833	2,845	2,336	1,903	2,969
Change	-	-37.89%	-48.81%	142.34%	13.93%	-17.86%	-10.08%	45.73%	13.32%	-22.06%	-19.93%	36.21%	14.61%	-22.41%	-23.85%	45.43%	-2.44%	-19.81%	-19.65%	44.6%	-0.43%	-17.72%	-19.79%	56.31%	0.45%	-17.92%	-18.51%	55.98%
EBITDA ¹	765.6	150.4	-167.4	417.3	523.8	202.7	184.8	600.8	708	293.2	144.2	442.6	528.1	222.4	59.2	438.9	365.5	36.96	-8.773	373.8	278.3	44.86	-11.14	413.7	340	86.15	39.2	510.8
Change	-	-80.35%	-	-	25.51%	-61.31%	-8.83%	225.18%	17.83%	-58.59%	-50.8%	206.89%	19.3%	-57.89%	-73.38%	641.34%	-16.71%	-89.89%	-	-	-25.55%	-83.88%	-	-	-17.83%	-74.66%	-54.5%	1,203.06%
EBIT ¹	595	87.16	-230.4	341.5	458.1	138.2	116.7	534.3	642.9	223.7	77.47	378.7	526.6	152.2	-7.874	363.3	276.7	-50.76	-76.55	315.2	200.3	-32.07	-72.23	353	280.9	11.9	-36.25	419.9
Change	-	-85.35%	-	-	34.13%	-69.83%	-15.53%	357.78%	20.31%	-65.2%	-65.37%	388.89%	39.05%	-71.1%	-	-	-23.82%	-	50.83%	-	-36.46%	-	-125.23%	-	-20.42%	-95.76%	-	-
Charge d'intérêts ¹	-16.81	-22.87	-27.95	-30.93	-31.78	-35.84	-32.78	-34.37	-33.39	-30.93	-31.26	-33.9	-50.23	-49.24	-49.72	-55.64	-63.34	-54.71	-55.68	-42.69	-40.36	-36.03	-32.75	-32.25	-31.5	-29.75	-24.5	-23.5
Earnings before Tax (EBT) ¹	539.8	-389.7	-312.9	293.7	386.7	89.05	179.2	531.7	641.3	171.1	-62.61	-134	455.9	-216	-62.28	303.8	-65.54	-409.6	-297.5	230.6	182.6	-54.63	-112	316	278	-19	-	-
Change	-	-	-19.69%	-	31.68%	-76.97%	101.18%	196.77%	20.62%	-73.32%	-	114.01%	-	-	-71.17%	-	-	525.01%	-27.37%	-	-20.8%	-	-105%	-	-12.03%	-	100%	-
Net income ¹	465	-483.8	-285.6	256.7	347.2	89.52	324.2	464.1	517.8	80.84	-55.96	-118.4	507.9	-214.9	-57.42	-450.7	-42.45	-418.3	-258.9	52.18	132.5	-36.93	-90.74	264.5	237	-16	-	-
Change	-	-	-40.96%	-	35.26%	-74.22%	262.2%	43.12%	11.58%	-84.39%	-	111.64%	-	-	-73.28%	684.84%	-90.58%	885.37%	-38.11%	-	153.97%	-	-145.73%	-	-10.39%	-	100%	-
Announcement Date	23/01/20	15/05/20	31/07/20	16/10/20	27/01/21	21/05/21	30/07/21	22/10/21	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	06/08/24	28/10/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: V.F. Corporation

balance-sheet-analysis-chart V-F-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	2,469	4,307	4,145	5,832	5,292	3,685	3,233	3,036
Change	-	74.44%	-3.76%	40.7%	-9.26%	-30.37%	-12.27%	-6.09%
Announcement Date	15/05/20	21/05/21	19/05/22	23/05/23	22/05/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: V.F. Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	288.2	198.7	245.4	165.9	145.8	126.2	154.6	174.1
Change	-	-31.07%	23.55%	-32.4%	-12.12%	-13.42%	22.5%	12.56%
Free Cash Flow (FCF) ¹	586.3	1,115	618.8	-821.7	868.8	402.8	420.3	651.4
Change	-	90.09%	-44.48%	-232.78%	-205.72%	-53.64%	4.37%	54.96%
Announcement Date	15/05/20	21/05/21	19/05/22	23/05/23	22/05/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: V.F. Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.38%	10.73%	15.36%	12.03%	8.61%	6.8%	8.11%	9.41%
EBIT Margin (%)	12.82%	7.78%	13.08%	9.77%	5.56%	3.94%	5.44%	7.02%
EBT Margin (%)	6.93%	5.02%	12.86%	0.37%	-2.24%	1.42%	4.2%	5.83%
Net margin (%)	6.48%	4.48%	11.71%	1.02%	-9.27%	-0.36%	3.91%	5.1%
FCF margin (%)	5.59%	12.25%	5.23%	-7.08%	8.31%	4.22%	4.29%	6.41%
FCF / Net Income (%)	86.3%	273.27%	44.62%	-692.94%	-89.67%	-1,184.26%	109.71%	125.69%
Profitability
ROA	9.98%	3.91%	9.21%	5.97%	2.24%	1.71%	3.27%	4.25%
ROE	28%	15.16%	42.11%	25.32%	12.58%	11%	18.51%	20.68%
Financial Health
Leverage (Debt/EBITDA)	1.53x	4.41x	2.28x	4.17x	5.88x	5.68x	4.07x	3.18x
Debt / Free cash flow	4.21x	3.86x	6.7x	-7.1x	6.09x	9.15x	7.69x	4.66x
Capital Intensity
CAPEX / Current Assets (%)	2.75%	2.18%	2.07%	1.43%	1.39%	1.32%	1.58%	1.71%
CAPEX / EBITDA (%)	17.87%	20.35%	13.5%	11.87%	16.19%	19.44%	19.46%	18.21%
CAPEX / FCF (%)	49.15%	17.82%	39.66%	-20.19%	16.78%	31.34%	36.79%	26.72%
Items per share
Cash flow per share ¹	2.187	3.349	2.202	-1.691	2.237	1.366	1.707	1.765
Change	-	53.15%	-34.23%	-176.79%	-232.27%	-38.96%	24.98%	3.41%
Dividend per Share ¹	1.9	1.94	1.98	1.81	0.78	0.3597	0.362	0.3651
Change	-	2.11%	2.06%	-8.59%	-56.91%	-53.88%	0.62%	0.88%
Book Value Per Share ¹	8.635	7.843	8.997	7.495	4.27	5.84	6.857	9.197
Change	-	-9.17%	14.7%	-16.69%	-43.02%	36.75%	17.42%	34.12%
EPS ¹	1.57	1.04	3.53	0.31	-2.49	-0.1356	0.9459	1.261
Change	-	-33.76%	239.42%	-91.22%	-903.23%	-94.55%	-797.43%	33.3%
Nbr of stocks (in thousands)	394,720	391,792	388,902	388,657	388,816	389,319	389,319	389,319
Announcement Date	15/05/20	21/05/21	19/05/22	23/05/23	22/05/24	-	-	-