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General information

Country: CHINA

Sector: Internet Retail

Categories: @china   

Vipshop Holdings Ltd. retails branded products at discount over the Internet. The Company retails through flash sales, in which limited quantities of an item are sold at deep discount for a specified period of time.
Website: vip.com



Growth: Pretty weak revenue growth rate 6.1%, there is acceleration compared to average historical growth rates 5.1%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -7.4%

Profitability: LTM EBITDA margin is positive, +7.5%. On average the margin is improving unsteadily. Gross margin is normal, +23.7%. In the last quarter the company beat the estimated EPS, +36.1%. The company was ahead of estimated EPS in 100% of quarters (showing a gain of +$0.10 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 2.7%. Free cash flow yield 6.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 165.0% higher than minimum and 51.6% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.0x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: VIPS
Share price, USD:  (+1.2%)16.005
year average price 16.19  


year start price 15.38 2023-04-27

min close price 14.15 2023-11-09

max close price 19.53 2024-02-28

current price 16.01 2024-04-25
Common stocks: 605 051 855

Dividend Yield:  2.7%
FCF Yield LTM: 6.6%
EV / LTM EBITDA: 5.3x
EV / EBITDA annualized: 3.4x
Last revenue growth (y/y):  6.1%
Last growth of EBITDA (y/y):  46.5%
Historical revenue growth:  5.1%
Historical growth of EBITDA:  93.9%
EV / Sales: 0.4x
Margin (EBITDA LTM / Revenue): 7.5%
Fundamental value created in LTM:
Market Cap ($m): 9 684
Net Debt ($m): -3 325
EV (Enterprise Value): 6 359
Price to Book: 1.9x
Latest review:

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-23Zacks Investment Research

Vipshop Holdings Limited (VIPS) Beats Stock Market Upswing: What Investors Need to Know

2024-04-22Zacks Investment Research

Is It Worth Investing in Vipshop (VIPS) Based on Wall Street's Bullish Views?

2024-04-19Zacks Investment Research

Vipshop Holdings Limited (VIPS) Is a Trending Stock: Facts to Know Before Betting on It

2024-04-18Zacks Investment Research

Why Vipshop Holdings Limited (VIPS) Dipped More Than Broader Market Today

2024-04-08Zacks Investment Research

Investors Heavily Search Vipshop Holdings Limited (VIPS): Here is What You Need to Know

2024-04-04Zacks Investment Research

Here's Why Vipshop Holdings Limited (VIPS) Fell More Than Broader Market

2024-04-04Zacks Investment Research

Is Vipshop (VIPS) a Buy as Wall Street Analysts Look Optimistic?

2024-03-26Zacks Investment Research

Here is What to Know Beyond Why Vipshop Holdings Limited (VIPS) is a Trending Stock

2024-03-25Zacks Investment Research

Is Vipshop (VIPS) Stock Undervalued Right Now?

2024-03-19Zacks Investment Research

Brokers Suggest Investing in Vipshop Holdings Limited (VIPS): Read This Before Placing a Bet
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol VIPS VIPS VIPS VIPS VIPS VIPS
reportedCurrency CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-18 2023-09-30 2023-08-18 2023-05-23 2022-12-31 2022-09-30
acceptedDate 2024-04-18 16:06:41 2023-09-29 20:00:00 2023-08-18 09:08:25 2023-05-23 07:53:04 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 34 674M 22 766M 27 879M 27 536M 31 758M 21 615M
costOfRevenue 26 442M 17 384M 21 677M 21 632M 24 858M 16 932M
grossProfit 8 233M 5 382M 6 202M 5 905M 6 900M 4 683M
grossProfitRatio 0.237 0.236 0.222 0.214 0.217 0.217
researchAndDevelopmentExpenses 496M 435M 443M 0 2 001M 0
generalAndAdministrativeExpenses -3 796M 1 131M 3 587M 3 224M 1 138M 3 085M
sellingAndMarketingExpenses 843M 670M 893M 837M 944M 572M
sellingGeneralAndAdministrativeExpenses -2 953M 1 801M 4 480M 4 061M 2 082M 3 658M
otherExpenses 0 0 0 -142M 308M -112M
operatingExpenses 4 734M 3 848M 4 285M 3 919M 4 391M 3 546M
costAndExpenses 31 175M 21 232M 25 963M 25 551M 29 249M 20 478M
interestIncome 209M 166M 183M 222M 198M 176M
interestExpense 15M 466 000 2M 6M 4M 9M
depreciationAndAmortization 326M 166M 183M 222M 198M 176M
ebitda 3 708M 1 700M 2 100M 2 208M 2 707M 1 313M
ebitdaratio 0.107 0.075 0.075 0.080 0.085 0.061
operatingIncome 3 668M 1 534M 1 916M 1 986M 2 509M 1 137M
operatingIncomeRatio 0.106 0.067 0.069 0.072 0.079 0.053
totalOtherIncomeExpensesNet 86M -129M 303M 250M 577M 811M
incomeBeforeTax 3 780M 1 571M 2 401M 2 236M 3 086M 1 948M
incomeBeforeTaxRatio 0.109 0.069 0.086 0.081 0.097 0.090
incomeTaxExpense 772M 365M 339M 390M 904M 266M
netIncome 2 952M 1 208M 2 097M 1 859M 2 234M 1 687M
netIncomeRatio 0.085 0.053 0.075 0.068 0.070 0.078
eps 5.440 2.230 3.810 3.210 3.690 2.730
epsdiluted 5.350 2.190 3.750 3.160 3.660 2.700
weightedAverageShsOut 552M 542M 550M 580M 605M 619M
weightedAverageShsOutDil 552M 552M 559M 588M 610M 624M
link Link Link Link
finalLink Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol VIPS VIPS VIPS VIPS VIPS VIPS
reportedCurrency CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-18 2023-09-30 2023-08-18 2023-05-23 2022-12-31 2022-09-30
acceptedDate 2024-04-18 16:06:41 2023-09-29 20:00:00 2023-08-18 09:08:25 2023-05-23 07:53:04 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 25 415M 18 840M 17 280M 17 983M 21 939M 14 900M
shortTermInvestments 1 983M 452M 1 452M 1 490M 1 596M 3 400M
cashAndShortTermInvestments 27 398M 19 292M 18 732M 19 473M 23 535M 18 300M
netReceivables 2 796M 3 600M 3 427M 2 985M 3 519M 3 146M
inventory 5 645M 4 130M 4 081M 4 056M 5 516M 4 662M
otherCurrentAssets 3 086M 809M 1 007M 937M 1 165M 1 292M
totalCurrentAssets 37 561M 27 831M 27 246M 27 451M 33 734M 27 400M
propertyPlantEquipmentNet 17 637M 17 413M 17 060M 17 411M 17 414M 16 277M
goodwill 755M 755M 755M 755M 755M 589M
intangibleAssets 10 465M 10 206M 8 255M 7 929M 7 975M 7 459M
goodwillAndIntangibleAssets 11 221M 10 962M 9 011M 8 684M 8 730M 8 048M
longTermInvestments 5 072M 5 119M 5 177M 4 855M 4 823M 5 545M
taxAssets 685M 725M 691M 716M 682M 758M
otherNonCurrentAssets 148M 182M 1 302M 110M 92M 84M
totalNonCurrentAssets 34 762M 34 401M 33 240M 31 776M 31 741M 30 712M
otherAssets 0 0 0 0 0 0
totalAssets 72 323M 62 232M 60 487M 59 227M 65 476M 58 111M
accountPayables 17 259M 13 101M 13 364M 11 886M 15 018M 10 863M
shortTermDebt 1 651M 868M 591M 1 090M 2 824M 1 478M
taxPayables 1 071M 0 0 0 1 173M 0
deferredRevenue 2 147M 1 548M 1 696M 1 742M 2 138M 1 859M
otherCurrentLiabilities 9 567M 8 660M 8 151M 7 908M 8 546M 6 914M
totalCurrentLiabilities 30 624M 24 179M 23 801M 22 626M 28 526M 21 113M
longTermDebt 689M 715M 725M 749M 833M 881M
deferredRevenueNonCurrent 1 757M 1 660M 1 691M 1 656M 1 470M 1 398M
deferredTaxLiabilitiesNonCurrent 692M 549M 557M 567M 574M 665M
otherNonCurrentLiabilities 0 0 0 0 0 -11 255M
totalNonCurrentLiabilities 3 139M 2 924M 2 973M 2 972M 2 876M 2 944M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 770M 792M 808M 840M 969M 1 005M
totalLiabilities 33 763M 27 103M 26 774M 25 598M 31 402M 24 058M
preferredStock 1.000 0 0 0 0 0
commonStock 73 000 73 000 73 000 91 000 91 000 91 000
retainedEarnings 36 837M 33 885M 32 676M 30 579M 28 720M 26 487M
accumulatedOtherComprehensiveIncomeLoss -696M -695M -737M -841M -708M -547M
othertotalStockholdersEquity 820M 592M 416M 2 568M 4 739M 6 795M
totalStockholdersEquity 36 961M 33 782M 32 355M 32 306M 32 752M 32 735M
totalEquity 38 560M 35 129M 33 713M 33 629M 32 752M 32 735M
totalLiabilitiesAndStockholdersEquity 72 323M 62 232M 60 487M 59 227M 65 476M 58 111M
minorityInterest 1 598M 1 347M 1 357M 1 323M 1 321M 1 319M
totalLiabilitiesAndTotalEquity 72 323M 62 232M 60 487M 59 227M 65 476M 58 111M
totalInvestments 7 556M 5 571M 6 629M 6 345M 6 419M 8 945M
totalDebt 2 340M 1 583M 1 316M 1 839M 3 657M 2 359M
netDebt -23 075M -17 257M -15 964M -16 144M -18 282M -12 540M
link Link Link Link
finalLink Link Link Link

Cash Flow Statement

Property 2023 q3 2023 q2 2020 q4 2020 q3
date 2023-09-30 2023-06-30 2020-12-31 2020-09-30
symbol VIPS VIPS VIPS VIPS
reportedCurrency USD USD CNY CNY
cik 2M 2M 2M 2M
fillingDate 2023-09-30 2023-08-18 2021-04-16 2020-11-13
acceptedDate 2023-09-28 20:00:00 2023-08-18 09:08:25 2021-04-16 07:48:18 2020-11-13 16:00:52
calendarYear 2023.000 2023.000 2020.000 2020.000
period Q3 Q2 Q4 Q3
netIncome 167M 299M 2 441M 1 244M
depreciationAndAmortization 0 0 0 0
deferredIncomeTax 0 0 0 0
stockBasedCompensation 0 0 0 0
changeInWorkingCapital 0 0 0 0
accountsReceivables 0 0 0 0
inventory 0 0 0 0
accountsPayables 0 0 0 0
otherWorkingCapital 0 0 0 0
otherNonCashItems -167M -299M -2 441M -1 244M
netCashProvidedByOperatingActivities 0 0 0 0
investmentsInPropertyPlantAndEquipment 0 0 0 0
acquisitionsNet 0 0 0 0
purchasesOfInvestments 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0
otherInvestingActivites 0 0 0 0
netCashUsedForInvestingActivites 0 0 0 0
debtRepayment 0 0 0 0
commonStockIssued 0 0 0 0
commonStockRepurchased 0 0 0 0
dividendsPaid 0 0 0 0
otherFinancingActivites 0 0 0 0
netCashUsedProvidedByFinancingActivities 0 0 0 0
effectOfForexChangesOnCash 0 0 0 0
netChangeInCash 173M -236M 0 0
cashAtEndOfPeriod 2 690M 2 517M 0 0
cashAtBeginningOfPeriod 2 517M 2 753M 0 0
operatingCashFlow 0 0 0 0
capitalExpenditure 0 0 0 0
freeCashFlow 0 0 0 0
link Link Link Link
finalLink Link Link Link

Earning call transcript

2023 q4
2024-02-28 ET (fiscal 2023 q4)
2023 q3
2023-11-14 ET (fiscal 2023 q3)
2023 q2
2023-08-18 ET (fiscal 2023 q2)
2023 q1
2023-05-23 ET (fiscal 2023 q1)
2022 q4
2023-02-23 ET (fiscal 2022 q4)
2022 q3
2022-11-22 ET (fiscal 2022 q3)
2022 q2
2022-08-19 ET (fiscal 2022 q2)
2022 q1
2022-05-19 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-02-28 10:00 ET
Vipshop Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results
2024-02-20 10:00 ET
Vipshop to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024
2024-01-24 12:00 ET
Vipshop Releases the Carbon Reduction Goals and Action Report
2023-11-14 10:00 ET
Vipshop Reports Unaudited Third Quarter 2023 Financial Results
2023-11-10 12:00 ET
Vipshop Showcases "Online Outlet" Pavilion at CIIE, Releasing Its Global Buyer Manifesto
2023-11-09 10:00 ET
Vipshop Holdings Limited to Hold Annual General Meeting on December 7, 2023
2023-11-07 10:00 ET
Vipshop to Announce Third Quarter 2023 Financial Results on November 14, 2023
2023-10-25 12:00 ET
Vipshop's MSCI ESG Rating Upgraded to AA, Recognized for its Sustainable Development Capabilities
2023-08-30 12:00 ET
Vipshop Teams Up with TNC to Pursue Sustainable Ecological Conservation Strategies
2023-08-28 12:00 ET
Vipshop Releases 2022 Environmental, Social and Governance(ESG)Report
2023-08-18 09:00 ET
Vipshop Reports Unaudited Second Quarter 2023 Financial Results
2023-08-07 09:00 ET
Vipshop to Announce Second Quarter 2023 Financial Results on August 18, 2023
2023-06-07 12:00 ET
Vipshop enhances support for employee self-development
2023-05-23 09:00 ET
Vipshop Reports Unaudited First Quarter 2023 Financial Results
2023-05-15 09:00 ET
Vipshop to Announce First Quarter 2023 Financial Results on May 23, 2023
2023-04-20 02:12 ET
Vipshop Filed 2022 Annual Report on Form 20-F
2023-03-31 10:00 ET
Vipshop Announces US$500 Million Share Repurchase Program
2023-02-23 10:00 ET
Vipshop Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results
2023-02-13 10:00 ET
Vipshop to Announce Fourth Quarter and Full Year 2022 Financial Results on February 23, 2023
2022-12-23 13:00 ET
Vipshop Retains an A from MSCI ESG Ratings for Its Efforts in Sustainability
2022-11-22 10:00 ET
Vipshop Reports Unaudited Third Quarter 2022 Financial Results
2022-11-16 10:00 ET
Vipshop Holdings Limited to Hold Annual General Meeting on December 16, 2022
2022-11-10 10:00 ET
Vipshop to Announce Third Quarter 2022 Financial Results on November 22, 2022
2022-08-19 09:00 ET
Vipshop Reports Unaudited Second Quarter 2022 Financial Results
2022-08-10 13:00 ET
Vipshop Named China's Best Employer and China's Most Sustainable Employer by Forbes China
2022-08-10 09:00 ET
Vipshop to Announce Second Quarter 2022 Financial Results on August 19, 2022
2022-08-05 13:00 ET
VIPSHOP Publishes First ESG Report: On the Path to Carbon Neutrality for a Better Future
2022-05-19 09:00 ET
Vipshop Reports Unaudited First Quarter 2022 Financial Results
2022-05-09 09:00 ET
Vipshop to Announce First Quarter 2022 Financial Results on May 19, 2022
2022-05-05 10:00 ET
Vipshop Updates the Status Under Holding Foreign Companies Accountable Act
2022-04-27 20:38 ET
Vipshop Filed 2021 Annual Report on Form 20-F
2022-03-31 09:04 ET
Vipshop Announces US$1 Billion Share Repurchase Program
2022-02-23 10:06 ET
Vipshop Reports Unaudited Fourth Quarter and Full Year 2021 Financial Results
2022-02-14 09:00 ET
Vipshop to Announce Fourth Quarter and Full Year 2021 Financial Results on February 23, 2022
2021-12-27 22:00 ET
Vipshop Updates Business Outlook for Fourth Quarter 2021
2021-11-18 10:02 ET
Vipshop Reports Unaudited Third Quarter 2021 Financial Results
2021-11-08 09:00 ET
Vipshop to Announce Third Quarter 2021 Financial Results on November 18, 2021
2021-11-05 09:00 ET
Vipshop Holdings Limited to Hold 2021 Annual General Meeting on December 9, 2021
2021-08-18 10:00 ET
Vipshop Reports Unaudited Second Quarter 2021 Financial Results
2021-08-09 10:00 ET
Vipshop to Announce Second Quarter 2021 Financial Results on August 18, 2021
2021-05-19 10:00 ET
Vipshop Reports Unaudited First Quarter 2021 Financial Results
2021-05-11 10:00 ET
Vipshop to Announce First Quarter 2021 Financial Results
2021-04-16 12:15 ET
Vipshop Filed 2020 Annual Report on Form 20-F
2021-03-30 10:03 ET
Vipshop Announces US$500 Million Share Repurchase Program
2021-02-25 10:00 ET
Vipshop Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results
2021-02-16 10:00 ET
Vipshop to Announce Fourth Quarter and Full Year 2020 Financial Results
2020-11-13 10:03 ET
Vipshop Reports Unaudited Third Quarter 2020 Financial Results
2020-11-03 10:00 ET
Vipshop to Announce Third Quarter 2020 Financial Results
2020-11-03 10:00 ET
Vipshop Holdings Limited to Hold 2020 Annual General Meeting on December 4, 2020
2020-11-02 10:00 ET
Vipshop Appoints Co-Chief Technology Officer
2020-10-19 10:03 ET
Vipshop Appoints New Chief Financial Officer
2020-08-19 10:00 ET
Vipshop Reports Unaudited Second Quarter 2020 Financial Results
2020-08-11 10:00 ET
Vipshop to Announce Second Quarter 2020 Financial Results
2020-05-27 10:00 ET
Vipshop Reports Unaudited First Quarter 2020 Financial Results

SEC forms

Show financial reports only

SEC form 6
2024-02-28 07:59 ET
Vipshop published news for 2023 q4
SEC form 6
2024-02-28 07:59 ET
Vipshop reported for 2023 q4
SEC form 6
2023-11-14 16:08 ET
Vipshop reported for 2023 q3
SEC form 6
2023-11-09 07:00 ET
Vipshop published news for 2023 q3
SEC form 6
2023-08-18 09:08 ET
Vipshop reported for 2023 q2
SEC form 6
2023-06-30 16:01 ET
Vipshop published news for 2023 q1
SEC form 6
2023-05-23 07:53 ET
Vipshop reported for 2023 q1
SEC form 6
2023-04-19 16:05 ET
Vipshop published news for 2023 q1
SEC form 6
2023-04-19 16:02 ET
Vipshop published news for 2023 q1
SEC form 6
2023-04-03 06:06 ET
Vipshop published news for 2023 q1
SEC form 6
2023-02-23 07:37 ET
Vipshop reported for 2022 q4
SEC form 6
2022-11-22 16:03 ET
Vipshop published news for 2022 q3
SEC form 6
2022-11-16 06:07 ET
Vipshop published news for 2022 q3
SEC form 6
2022-08-19 09:06 ET
Vipshop published news for 2022 q2
SEC form 6
2022-07-11 06:10 ET
Vipshop published news for 2022 q2
SEC form 6
2022-05-19 07:28 ET
Vipshop published news for 2022 q1
SEC form 6
2022-05-05 07:27 ET
Vipshop published news for 2022 q1
SEC form 6
2022-04-27 16:08 ET
Vipshop published news for 2022 q1
SEC form 6
2022-03-31 06:09 ET
Vipshop published news for 2021 q4
SEC form 6
2022-02-23 08:21 ET
Vipshop reported for 2021 q4
SEC form 6
2021-12-28 16:02 ET
Vipshop published news for 2021 q3
SEC form 6
2021-11-18 09:28 ET
Vipshop published news for 2021 q3
SEC form 6
2021-11-05 06:23 ET
Vipshop published news for 2021 q3
SEC form 6
2021-08-18 09:18 ET
Vipshop published news for 2021 q2
SEC form 6
2021-06-14 16:02 ET
Vipshop published news for 2021 q1
SEC form 6
2021-05-20 09:29 ET
Vipshop published news for 2021 q1
SEC form 6
2021-05-19 07:40 ET
Vipshop published news for 2021 q1
SEC form 6
2021-04-16 09:05 ET
Vipshop published news for 2021 q1
SEC form 6
2021-04-16 07:48 ET
Vipshop published news for 2021 q1
SEC form 6
2021-03-30 07:02 ET
Vipshop published news for 2020 q4
SEC form 6
2021-02-26 06:15 ET
Vipshop published news for 2020 q4
SEC form 6
2021-02-08 06:50 ET
Vipshop published news for 2020 q4
SEC form 6
2021-01-15 16:01 ET
Vipshop published news for 2020 q4
SEC form 6
2020-11-13 16:00 ET
Vipshop published news for 2020 q3
SEC form 6
2020-11-03 07:35 ET
Vipshop published news for 2020 q3
SEC form 6
2020-11-02 06:12 ET
Vipshop published news for 2020 q3
SEC form 6
2020-10-20 06:16 ET
Vipshop published news for 2020 q3