VF Corp
Exchange: NYSESector: Consumer CyclicalIndustry: Apparel Manufacturing
Founded in 1899, VF Corporation is one of the world’s largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good.
Did you know?
Free cash flow has been growing at -17.9% annually.
Current Price
$19.79
-1.15%GoodMoat Value
$10.80
45.4% overvaluedProfile
Valuation (TTM)
Market Cap$7.73B
P/E34.61
EV$10.49B
P/B5.20
Shares Out390.72M
P/Sales0.81
Revenue$9.58B
EV/EBITDA9.70
VF Corp (VFC) Stock Analysis
GoodMoat Analysis
VF Corp, a global apparel conglomerate, appears to lack a durable competitive moat and faces significant financial strain, with high debt and weak growth. The stock is priced unfavourably, trading at a significant premium to the GoodMoat target price of $10.80.
Read full analysis
VF Corporation is a global apparel and footwear company with a portfolio of brands including Vans, The North Face, Timberland, and Dickies. Applying the GoodMoat Investment Framework, the company's competitive position is weak. It likely fails the Moat & Quality Gate (Step 1 of the Decision Framework), as it would struggle to achieve a Moat Score of 5+; while it possesses strong brands, it shows little evidence of the pricing power, scale privilege, or low disruption risk needed for a durable advantage in a competitive industry. Financially, the quality indicators are unfavourable: revenue growth is anemic at 1.5% YoY, the debt/equity ratio is extremely high at 3.4, and the negative EPS of -$0.48 indicates a lack of GAAP profitability. The 6.4% FCF yield is a positive, but it is overshadowed by the balance sheet risk. On valuation, the current price of $17.21 is approximately 59% above the GoodMoat target of $10.80, indicating a deeply unfavourable price with no margin of safety. The P/E of 30x is also misleading given the negative earnings. For a value investor, this profile suggests the business lacks the fundamental strength and pricing required for further investigation under the framework's disciplined approach.
Market Cap$7.73B
Current Price$19.79
P/E Ratio34.61
Forward P/E—
PEG Ratio0.44
EPS$-0.48
Book Value$3.81
P/B Ratio5.20
VFC Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -17.9% FCF growth (CAGR)
Cash vs Debt
Net Debt: 4.6B
Revenue
10.3B
FY19
10.5B
FY20
9.2B
FY21
11.8B
FY22
11.1B
FY23
9.9B
FY24
9.5B
FY25
Net Income
1.3B
FY19
679M
FY20
408M
FY21
1.4B
FY22
119M
FY23
—
FY24
—
FY25
VFC 52-Week Range
$11.13
$21.55
50-Day MA: $18.36200-Day MA: $16.36
Did you know?
Free cash flow has been growing at -17.9% annually.
VF Corp (VFC) Financial Summary
VF Corp (VFC) is a Consumer Cyclical company in the Apparel Manufacturing industry, listed on NYSE. The stock currently trades at $19.79 with a market capitalization of $7.73B.
Key valuation metrics include a P/E ratio of 34.61, price-to-book ratio of 5.20, and EPS of $-0.48. The company reports a profit margin of 2.3% and return on equity of 15.0%.
VFC Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $7.73B |
| P/E Ratio | 34.61 |
| EPS | $-0.48 |
| P/B Ratio | 5.20 |
| P/S Ratio | 0.81 |
| EV/EBITDA | 9.70 |
| Dividend Yield | 1.81% |
| Profit Margin | 2.3% |
| Return on Equity | 15.0% |
| Debt/Equity | 3.40 |
VFC Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $10.27B | $1.26B |
| FY20 | $10.49B | $679.45M |
| FY21 | $9.24B | $407.87M |
| FY22 | $11.84B | $1.39B |
| FY23 | $11.09B | $118.58M |
| FY24 | $9.92B | $-968.88M |
| FY25 | $9.50B | $-189.72M |
VF Corp (VFC) Valuation
Based on GoodMoat's DCF model, VF Corp has a fair value estimate of $10.80. At the current price of $19.79, the stock appears 83.3% overvalued relative to our intrinsic value estimate.
VFC Quality Indicators
VF Corp maintains a profit margin of 2.3% and an operating margin of 3.2%. Return on equity stands at 15.0%. The current ratio is 1.40. Debt-to-equity ratio is 3.40.
About VF Corp
Founded in 1899, VF Corporation is one of the world’s largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good.
VFC Free Cash Flow
VF Corp generated $427.45M in trailing twelve-month free cash flow, representing an FCF yield of 5.53%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
VFC Shares Outstanding
VF Corp has 0.39 billion shares outstanding at a share price of $19.79, giving it a market capitalization of $7.73B.