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VIPSHOP HOLDINGS LTD - ADR (VIPS) Stock Fundamental Analysis

NYSE:VIPS - New York Stock Exchange, Inc. - US92763W1036 - ADR

13.64  +0.18 (+1.34%)

After market: 13.6 -0.04 (-0.29%)

Fundamental Rating

5

Taking everything into account, VIPS scores 5 out of 10 in our fundamental rating. VIPS was compared to 32 industry peers in the Broadline Retail industry. While VIPS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. VIPS has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year VIPS was profitable.
Each year in the past 5 years VIPS has been profitable.
In the past 5 years VIPS always reported a positive cash flow from operatings.
VIPS Yearly Net Income VS EBIT VS OCF VS FCFVIPS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B

1.2 Ratios

VIPS has a better Return On Assets (11.87%) than 90.32% of its industry peers.
VIPS has a better Return On Equity (21.93%) than 74.19% of its industry peers.
VIPS's Return On Invested Capital of 16.70% is amongst the best of the industry. VIPS outperforms 90.32% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VIPS is above the industry average of 11.22%.
The last Return On Invested Capital (16.70%) for VIPS is above the 3 year average (13.88%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.87%
ROE 21.93%
ROIC 16.7%
ROA(3y)9.45%
ROA(5y)9.33%
ROE(3y)18.51%
ROE(5y)18.93%
ROIC(3y)13.88%
ROIC(5y)14.26%
VIPS Yearly ROA, ROE, ROICVIPS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

1.3 Margins

VIPS has a Profit Margin of 7.50%. This is in the better half of the industry: VIPS outperforms 70.97% of its industry peers.
In the last couple of years the Profit Margin of VIPS has grown nicely.
VIPS has a better Operating Margin (9.09%) than 70.97% of its industry peers.
VIPS's Operating Margin has improved in the last couple of years.
VIPS has a worse Gross Margin (23.73%) than 87.10% of its industry peers.
In the last couple of years the Gross Margin of VIPS has grown nicely.
Industry RankSector Rank
OM 9.09%
PM (TTM) 7.5%
GM 23.73%
OM growth 3Y12.56%
OM growth 5Y23.43%
PM growth 3Y7.44%
PM growth 5Y23.35%
GM growth 3Y2.93%
GM growth 5Y2.45%
VIPS Yearly Profit, Operating, Gross MarginsVIPS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so VIPS is creating value.
Compared to 1 year ago, VIPS has less shares outstanding
VIPS has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, VIPS has an improved debt to assets ratio.
VIPS Yearly Shares OutstandingVIPS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
VIPS Yearly Total Debt VS Total AssetsVIPS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B

2.2 Solvency

VIPS has an Altman-Z score of 3.97. This indicates that VIPS is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.97, VIPS is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
VIPS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
VIPS's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. VIPS outperforms 67.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 3.97
ROIC/WACC2.25
WACC7.41%
VIPS Yearly LT Debt VS Equity VS FCFVIPS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10B 20B 30B

2.3 Liquidity

A Current Ratio of 1.21 indicates that VIPS should not have too much problems paying its short term obligations.
VIPS has a worse Current ratio (1.21) than 67.74% of its industry peers.
A Quick Ratio of 1.03 indicates that VIPS should not have too much problems paying its short term obligations.
VIPS's Quick ratio of 1.03 is in line compared to the rest of the industry. VIPS outperforms 54.84% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 1.03
VIPS Yearly Current Assets VS Current LiabilitesVIPS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 13.64% over the past year.
Measured over the past years, VIPS shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.68% on average per year.
Looking at the last year, VIPS shows a decrease in Revenue. The Revenue has decreased by -0.06% in the last year.
The Revenue has been growing slightly by 5.95% on average over the past years.
EPS 1Y (TTM)13.64%
EPS 3Y23.17%
EPS 5Y33.68%
EPS Q2Q%-26.05%
Revenue 1Y (TTM)-0.06%
Revenue growth 3Y3.48%
Revenue growth 5Y5.95%
Sales Q2Q%-9.18%

3.2 Future

Based on estimates for the next years, VIPS will show a decrease in Earnings Per Share. The EPS will decrease by -9.65% on average per year.
The Revenue is expected to decrease by -12.07% on average over the next years. This is quite bad
EPS Next Y-2.61%
EPS Next 2Y0.27%
EPS Next 3Y1.56%
EPS Next 5Y-9.65%
Revenue Next Year-3.74%
Revenue Next 2Y-1.98%
Revenue Next 3Y-0.94%
Revenue Next 5Y-12.07%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VIPS Yearly Revenue VS EstimatesVIPS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 20B 40B 60B 80B 100B
VIPS Yearly EPS VS EstimatesVIPS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5 10 15

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 5.93, the valuation of VIPS can be described as very cheap.
Based on the Price/Earnings ratio, VIPS is valued cheaply inside the industry as 90.32% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of VIPS to the average of the S&P500 Index (28.29), we can say VIPS is valued rather cheaply.
VIPS is valuated cheaply with a Price/Forward Earnings ratio of 5.85.
90.32% of the companies in the same industry are more expensive than VIPS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of VIPS to the average of the S&P500 Index (24.44), we can say VIPS is valued rather cheaply.
Industry RankSector Rank
PE 5.93
Fwd PE 5.85
VIPS Price Earnings VS Forward Price EarningsVIPS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, VIPS is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.47
VIPS Per share dataVIPS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

The excellent profitability rating of VIPS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.18
EPS Next 2Y0.27%
EPS Next 3Y1.56%

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3

5. Dividend

5.1 Amount

VIPS has a Yearly Dividend Yield of 3.11%.
VIPS's Dividend Yield is rather good when compared to the industry average which is at 5.56. VIPS pays more dividend than 87.10% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, VIPS pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.11%

5.2 History

VIPS does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
VIPS Yearly Dividends per shareVIPS Yearly Dividends per shareYearly Dividends per share 2024 0.1 0.2 0.3 0.4

5.3 Sustainability

DPN/A
EPS Next 2Y0.27%
EPS Next 3Y1.56%
VIPS Yearly Income VS Free CF VS DividendVIPS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B 8B

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VIPSHOP HOLDINGS LTD - ADR

NYSE:VIPS (1/21/2025, 8:04:00 PM)

After market: 13.6 -0.04 (-0.29%)

13.64

+0.18 (+1.34%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)11-19 2024-11-19/bmo
Earnings (Next)N/A N/A
Inst Owners71.14%
Inst Owner Change-0.22%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap7.40B
Analysts75
Price Target16.66 (22.14%)
Short Float %0.36%
Short Ratio2.71
Dividend
Industry RankSector Rank
Dividend Yield 3.11%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.25%
Min EPS beat(2)-2.18%
Max EPS beat(2)6.68%
EPS beat(4)3
Avg EPS beat(4)19.94%
Min EPS beat(4)-2.18%
Max EPS beat(4)63.46%
EPS beat(8)7
Avg EPS beat(8)21.04%
EPS beat(12)11
Avg EPS beat(12)26.21%
EPS beat(16)13
Avg EPS beat(16)19.49%
Revenue beat(2)0
Avg Revenue beat(2)-1.81%
Min Revenue beat(2)-2.7%
Max Revenue beat(2)-0.91%
Revenue beat(4)1
Avg Revenue beat(4)-1.15%
Min Revenue beat(4)-2.92%
Max Revenue beat(4)1.94%
Revenue beat(8)2
Avg Revenue beat(8)-0.61%
Revenue beat(12)3
Avg Revenue beat(12)-1.05%
Revenue beat(16)4
Avg Revenue beat(16)-1.01%
PT rev (1m)0%
PT rev (3m)2.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.96%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.41%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)-0.33%
Valuation
Industry RankSector Rank
PE 5.93
Fwd PE 5.85
P/S 0.49
P/FCF N/A
P/OCF N/A
P/B 1.44
P/tB 1.48
EV/EBITDA 2.47
EPS(TTM)2.3
EY16.86%
EPS(NY)2.33
Fwd EY17.09%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS27.7
BVpS9.48
TBVpS9.21
PEG (NY)N/A
PEG (5Y)0.18
Profitability
Industry RankSector Rank
ROA 11.87%
ROE 21.93%
ROCE 23.6%
ROIC 16.7%
ROICexc 32.8%
ROICexgc 34.33%
OM 9.09%
PM (TTM) 7.5%
GM 23.73%
FCFM N/A
ROA(3y)9.45%
ROA(5y)9.33%
ROE(3y)18.51%
ROE(5y)18.93%
ROIC(3y)13.88%
ROIC(5y)14.26%
ROICexc(3y)35.12%
ROICexc(5y)32.7%
ROICexgc(3y)37.56%
ROICexgc(5y)34.82%
ROCE(3y)18.31%
ROCE(5y)18.7%
ROICexcg growth 3Y12.43%
ROICexcg growth 5Y24.99%
ROICexc growth 3Y12.29%
ROICexc growth 5Y24.69%
OM growth 3Y12.56%
OM growth 5Y23.43%
PM growth 3Y7.44%
PM growth 5Y23.35%
GM growth 3Y2.93%
GM growth 5Y2.45%
F-ScoreN/A
Asset Turnover1.58
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA 0.47
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.21
Quick Ratio 1.03
Altman-Z 3.97
F-ScoreN/A
WACC7.41%
ROIC/WACC2.25
Cap/Depr(3y)282.56%
Cap/Depr(5y)299.49%
Cap/Sales(3y)3.57%
Cap/Sales(5y)3.51%
Profit Quality(3y)99.51%
Profit Quality(5y)131.93%
High Growth Momentum
Growth
EPS 1Y (TTM)13.64%
EPS 3Y23.17%
EPS 5Y33.68%
EPS Q2Q%-26.05%
EPS Next Y-2.61%
EPS Next 2Y0.27%
EPS Next 3Y1.56%
EPS Next 5Y-9.65%
Revenue 1Y (TTM)-0.06%
Revenue growth 3Y3.48%
Revenue growth 5Y5.95%
Sales Q2Q%-9.18%
Revenue Next Year-3.74%
Revenue Next 2Y-1.98%
Revenue Next 3Y-0.94%
Revenue Next 5Y-12.07%
EBIT growth 1Y25.74%
EBIT growth 3Y16.48%
EBIT growth 5Y30.78%
EBIT Next Year22.31%
EBIT Next 3Y7.29%
EBIT Next 5Y-5.63%
FCF growth 1Y23.82%
FCF growth 3Y-1.29%
FCF growth 5Y33.67%
OCF growth 1Y37.02%
OCF growth 3Y6.84%
OCF growth 5Y20.2%