VICTORIA'S SECRET & CO. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.43 USD | +2.59% |
|
+0.81% | -34.33% |
| 04-25 | Goldman Sachs Starts Victoria's Secret & Co. With Sell Rating, $14 Price Target | MT |
| 03-08 | UBS Cuts Victoria's Secret Price Target to $13 From $15, Maintains Sell Rating | MT |
Valuation
| Fiscal Period: February | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,962 | 3,698 | 2,092 | 1,352 | - | - |
| Enterprise Value (EV) 1 | 5,454 | 4,546 | 2,946 | 2,009 | 1,886 | 3,164 |
| P/E ratio | 7.8 x | 11.1 x | 19.4 x | 11.3 x | 7.91 x | 6.85 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.73 x | 0.58 x | 0.34 x | 0.23 x | 0.22 x | 0.21 x |
| EV / Revenue | 0.8 x | 0.72 x | 0.48 x | 0.34 x | 0.31 x | 0.5 x |
| EV / EBITDA | 4.65 x | 5.41 x | 4.82 x | 3.99 x | 3.51 x | 5.29 x |
| EV / FCF | 8 x | 16.7 x | 22.2 x | 14 x | 12.9 x | - |
| FCF Yield | 12.5% | 6.01% | 4.51% | 7.15% | 7.75% | - |
| Price to Book | 18.5 x | 9.56 x | 5.05 x | 2.05 x | 1.8 x | 1.41 x |
| Nbr of stocks (in thousands) | 88,593 | 80,827 | 77,435 | 77,576 | - | - |
| Reference price 2 | 56.01 | 45.75 | 27.02 | 17.43 | 17.43 | 17.43 |
| Announcement Date | 02/03/22 | 02/03/23 | 06/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,413 | 6,785 | 6,344 | 6,182 | 5,983 | 6,100 | 6,333 |
| EBITDA 1 | - | 1,173 | 839.7 | 610.9 | 503.9 | 538 | 598.3 |
| EBIT 1 | - | 869.5 | 565.7 | 326.9 | 263.3 | 304.4 | 369.2 |
| Operating Margin | - | 12.82% | 8.92% | 5.29% | 4.4% | 4.99% | 5.83% |
| Earnings before Tax (EBT) | - | 843.1 | 416.8 | - | - | - | - |
| Net income | -72 | 646.4 | 348.1 | 109.2 | - | - | - |
| Net margin | -1.33% | 9.53% | 5.49% | 1.77% | - | - | - |
| EPS 2 | - | 7.180 | 4.140 | 1.390 | 1.547 | 2.204 | 2.545 |
| Free Cash Flow 1 | - | 682 | 273 | 133 | 143.7 | 146.2 | - |
| FCF margin | - | 10.05% | 4.3% | 2.15% | 2.4% | 2.4% | - |
| FCF Conversion (EBITDA) | - | 58.16% | 32.51% | 21.77% | 28.52% | 27.18% | - |
| FCF Conversion (Net income) | - | 105.51% | 78.42% | 121.79% | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 09/07/21 | 02/03/22 | 02/03/23 | 06/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 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 | 1,441 | 2,175 | 1,484 | 1,521 | 1,318 | 2,021 | 1,407 | 1,427 | 1,265 | 2,082 | 1,341 | 1,379 | 1,256 | 2,011 | 1,375 |
| EBITDA 1 | 182.8 | 403.2 | 187.1 | 196.9 | 111 | 346.5 | 128 | 120.7 | 10.74 | 351.4 | 77.14 | 88.6 | 3.538 | 310.2 | - |
| EBIT 1 | 107.9 | 333.2 | 115.8 | 97.51 | 42.59 | 280.5 | 55 | 48.7 | -60.26 | 283.4 | 24.38 | 31.93 | -52.01 | 260 | 31.08 |
| Operating Margin | 7.49% | 15.32% | 7.8% | 6.41% | 3.23% | 13.88% | 3.91% | 3.41% | -4.76% | 13.61% | 1.82% | 2.32% | -4.14% | 12.93% | 2.26% |
| Earnings before Tax (EBT) | 96.63 | 322.9 | 78 | 83.22 | - | 226 | - | - | - | - | - | - | - | - | - |
| Net income | 75.21 | 246.1 | 80.82 | 69.93 | 24.37 | 173 | 0.725 | -1.428 | -71.18 | 181.1 | - | - | - | - | - |
| Net margin | 5.22% | 11.31% | 5.45% | 4.6% | 1.85% | 8.56% | 0.05% | -0.1% | -5.63% | 8.7% | - | - | - | - | - |
| EPS 2 | 0.8100 | 2.700 | 0.9300 | 0.8300 | 0.2900 | 2.100 | 0.0100 | -0.0200 | -0.9200 | 2.290 | -0.0299 | 0.1766 | -0.8464 | 2.280 | 0.1863 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 17/11/21 | 02/03/22 | 31/05/22 | 24/08/22 | 30/11/22 | 02/03/23 | 31/05/23 | 30/08/23 | 29/11/23 | 06/03/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 492 | 848 | 854 | 657 | 534 | 1,812 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.4196 x | 1.01 x | 1.398 x | 1.304 x | 0.9917 x | 3.028 x |
| Free Cash Flow 1 | - | 682 | 273 | 133 | 144 | 146 | - |
| ROE (net income / shareholders' equity) | - | 113% | 109% | 27.3% | 22.8% | 31.8% | 29.3% |
| ROA (Net income/ Total Assets) | - | 15.1% | 7.69% | 2.35% | 2.72% | 6.14% | - |
| Assets | - | 4,289 | 4,529 | 4,656 | - | - | - |
| Book Value Per Share 2 | - | 3.020 | 4.790 | 5.350 | 8.490 | 9.700 | 12.40 |
| Cash Flow per Share 2 | - | 9.460 | 5.200 | 1.690 | 4.990 | 5.870 | - |
| Capex 1 | - | 169 | 164 | 256 | 244 | 235 | 219 |
| Capex / Sales | - | 2.49% | 2.58% | 4.14% | 4.08% | 3.85% | 3.46% |
| Announcement Date | 09/07/21 | 02/03/22 | 02/03/23 | 06/03/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
17.43
USD
Average target price
18.92
USD
Spread / Average Target
+8.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -34.33% | 1.35B | |
| +21.85% | 2.72B | |
| -10.44% | 1.11B | |
| -11.20% | 720M | |
| -13.34% | 522M | |
| -14.94% | 392M | |
| -26.56% | 357M | |
| -2.06% | 303M | |
| +0.89% | 280M | |
| -49.08% | 177M |
- Stock Market
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- VSCO Stock
- Financials Victoria's Secret & Co.
