Vipshop Holdings Limited American Depositary Shares each representing two
Find Ratings ReportsVIPSHOP HOLDINGS LTD's gross profit margin for the third quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased. VIPSHOP HOLDINGS LTD has weak liquidity. Currently, the Quick Ratio is 0.86 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 3120.01 | 3038.27 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 188.24 | 144.14 |
Net Income ($mil) | 165.59 | 237.06 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
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Cash & Equiv. ($mil) | 2754.79 | 2753.9 |
Total Assets ($mil) | 8528.71 | 8168.32 |
Total Debt ($mil) | 217.01 | 331.64 |
Equity ($mil) | 4629.78 | 4601.33 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 23.64 | 21.67 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 6.03 | 4.74 |
Sales Turnover | 1.76 | 2.0 |
Return on Assets | 11.99 | 10.23 |
Return on Equity | 22.1 | 18.16 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.15 | 1.3 |
Debt/Capital | 0.04 | 0.07 |
Interest Expense | 0.06 | 1.23 |
Interest Coverage | 2941.17 | 117.67 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 541.82 | 610.22 |
Div / share | 0.0 | 0.0 |
EPS | 0.3 | 0.38 |
Book value / share | 8.54 | 7.54 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 3386629.0 | 3131088.0 |
BUY. VIPSHOP HOLDINGS LTD's P/E ratio indicates a significant discount compared to an average of 23.55 for the Clothing, Clothing Accessories, Shoe, Jewelry Reta subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.02 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 11.33. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, VIPSHOP HOLDINGS LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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VIPS 9.76 | Peers 23.55 | VIPS NA | Peers 16.96 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. VIPS is trading at a significant discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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VIPS 0.89 | Peers 19.84 | VIPS 0.01 | Peers 1.61 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. VIPS is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. VIPS trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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VIPS 2.02 | Peers 11.33 | VIPS 39.37 | Peers 329.94 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. VIPS is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, VIPS is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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VIPS 0.62 | Peers 1.84 | VIPS -7.90 | Peers 6.34 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. VIPS is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. VIPS significantly trails its peers on the basis of sales growth. |
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