# Vipshop Holdings Limited each representing two (VIPS) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / General & Online Retail. Price $13.04, market value $6.2 billion.

## Valuation
- **P/E (trailing): 4.4×** (5-yr avg 1.5×, 3-yr avg 1.5×). Vipshop Holdings Limited each representing two trades at 4.4× trailing earnings, well above its own five-year average of 1.5×: investors are paying up relative to the company's past. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 5.2×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 1.75**. A PEG of 1.75 is in the range usually read as fairly priced for its growth.
- **Price / sales: 0.1×**. Each dollar of revenue is priced at 0.1×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 0.3×**. Enterprise value is 0.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.6%** (5-yr avg 68.0%). Free cash flow equals 12.6% of the market value, below its five-year average of 68.0%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 22.8%**. The inverse of the P/E: 22.8% of the price is earned each year.

## Profitability
- **Gross margin: 23.4%**. Vipshop Holdings Limited each representing two keeps 23.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 7.6%**. 7.6% of revenue is left after running the business.
- **Net margin: 6.8%**. 6.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.7%**. 17.7% on shareholders' equity is solid.
- **Return on invested capital: 158.2%**. Return on all capital, debt included, is 158.2%: comfortably above what that capital costs.
- **Return on assets: 91.6%**. Each dollar of assets produces 91.6% of profit.

## Growth
- **Revenue growth (1 yr): 2.0%** (3-yr 0.4%/yr, 5-yr -0.6%/yr). Revenue grew 2.0% over the last year, against -0.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 3.0%** (3-yr 12.4%/yr, 5-yr 9.1%/yr). Earnings per share rose 3.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -12.6%/yr**. Free cash flow has compounded at -12.6% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.14**. Debt is 0.14 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Vipshop Holdings Limited each representing two holds more cash than debt.
- **Interest coverage: 24.4×**. Operating profit covers interest 24.4× over, a safe margin.
- **Current ratio: 1.28** (quick 1.28). Current assets cover the next year's liabilities 1.28 times.
- **Altman Z-score: 3.30**. A Z-score of 3.30 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.75%** ($0.62 per share, trailing). Vipshop Holdings Limited each representing two yields 4.75%, an income-level yield.
- **Payout ratio: 25%** (33% of free cash flow). 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Shareholder yield: 16.1%**. Dividends plus net buybacks return 16.1% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (20 analysts). 20 analysts cover Vipshop Holdings Limited each representing two; the consensus is buy, with an average price target of $16.13 (+24% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -20.6%** (YTD -21.5%, 3-mo -14.3%). The shares are down 20.6% over twelve months including dividends.
- **From 52-week high: -36.4%** (8.5% above the low). Trading 36% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 0.73** (volatility 31%). Beta of 0.73 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VIPS · Page: https://foliofundamentals.com/stocks/vips

Not investment advice.