Financials Vipshop Holdings Limited Sao Paulo

Equities

V1IP34

BRV1IPBDR009

Internet Services

Market Closed - Sao Paulo 11:29:23 2024-06-28 EDT 5-day change 1st Jan Change
36.64 BRL -0.65% Intraday chart for Vipshop Holdings Limited -5.52% -9.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 65,995 124,233 36,153 57,408 68,296 51,317 - -
Enterprise Value (EV) 1 57,527 105,952 23,944 35,397 42,211 23,520 18,113 12,073
P/E ratio 16.7 x 21.4 x 7.9 x 9.57 x 8.74 x 6.29 x 5.88 x 5.47 x
Yield - - - - 2.46% 3.45% 3.76% 3.94%
Capitalization / Revenue 0.71 x 1.22 x 0.31 x 0.56 x 0.61 x 0.46 x 0.44 x 0.42 x
EV / Revenue 0.62 x 1.04 x 0.2 x 0.34 x 0.37 x 0.21 x 0.16 x 0.1 x
EV / EBITDA 9.58 x 15.4 x 3.58 x 4.76 x 4.06 x 2.08 x 1.57 x 1 x
EV / FCF 7.18 x 11.1 x 7.56 x 4.77 x 4.6 x 2.51 x 1.7 x 1.13 x
FCF Yield 13.9% 9.01% 13.2% 21% 21.8% 39.8% 58.8% 88.4%
Price to Book 3.08 x 4.37 x 1.11 x 1.47 x 1.58 x 1.11 x 0.94 x 0.8 x
Nbr of stocks (in thousands) 668,998 677,324 677,559 610,223 541,822 542,373 - -
Reference price 2 98.65 183.4 53.36 94.08 126.0 94.62 94.62 94.62
Announcement Date 20-03-05 21-02-25 22-02-23 23-02-23 24-02-28 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 92,994 101,858 117,060 103,152 112,856 112,394 116,775 121,348
EBITDA 1 6,002 6,867 6,691 7,432 10,407 11,301 11,568 12,107
EBIT 1 5,052 5,860 5,582 6,197 9,104 9,472 9,748 10,086
Operating Margin 5.43% 5.75% 4.77% 6.01% 8.07% 8.43% 8.35% 8.31%
Earnings before Tax (EBT) 1 4,943 7,019 5,873 8,077 9,987 10,410 10,820 11,399
Net income 1 4,017 5,907 4,681 6,299 8,117 8,286 8,662 9,156
Net margin 4.32% 5.8% 4% 6.11% 7.19% 7.37% 7.42% 7.55%
EPS 2 5.920 8.560 6.750 9.830 14.42 15.05 16.09 17.30
Free Cash Flow 1 8,013 9,549 3,166 7,417 9,184 9,355 10,645 10,675
FCF margin 8.62% 9.37% 2.7% 7.19% 8.14% 8.32% 9.12% 8.8%
FCF Conversion (EBITDA) 133.49% 139.06% 47.31% 99.8% 88.24% 82.78% 92.02% 88.18%
FCF Conversion (Net income) 199.47% 161.65% 67.63% 117.75% 113.15% 112.9% 122.89% 116.59%
Dividend per Share 2 - - - - 3.095 3.269 3.557 3.729
Announcement Date 20-03-05 21-02-25 22-02-23 23-02-23 24-02-28 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 58,006 34,132 25,245 24,535 21,615 31,758 27,536 27,879 22,766 34,674 27,646 26,732 22,721 35,087 - -
EBITDA 1 - 2,081 1,560 1,546 1,415 - - - - - - 2,402 1,796 3,758 - -
EBIT 1 - 1,830 1,283 1,268 1,137 2,509 1,986 1,916 1,534 3,668 2,760 2,105 1,569 2,997 - -
Operating Margin - 5.36% 5.08% 5.17% 5.26% 7.9% 7.21% 6.87% 6.74% 10.58% 9.98% 7.87% 6.91% 8.54% - -
Earnings before Tax (EBT) 1 - 1,860 1,431 1,612 1,948 3,086 2,236 2,401 1,571 3,780 2,959 2,284 1,775 3,205 - -
Net income 1 - 1,415 1,096 1,283 1,686 2,234 1,859 2,097 1,208 2,952 2,317 1,841 1,412 2,572 - -
Net margin - 4.15% 4.34% 5.23% 7.8% 7.03% 6.75% 7.52% 5.31% 8.51% 8.38% 6.89% 6.21% 7.33% - -
EPS 2 - 2.070 1.610 1.970 2.700 3.660 3.160 3.750 2.190 5.350 4.180 3.064 2.633 4.740 - -
Dividend per Share 2 - - - - - - - - - 3.095 - - - 4.620 - -
Announcement Date 21-08-18 22-02-23 22-05-19 22-08-19 22-11-22 23-02-23 23-05-23 23-08-18 23-11-14 24-02-28 24-05-22 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 8,468 18,281 12,209 22,012 26,085 27,796 33,204 39,243
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 8,013 9,549 3,166 7,417 9,184 9,355 10,645 10,675
ROE (net income / shareholders' equity) 46.5% 23.5% 19.7% 20.9% 27.3% 20.8% 18.5% 17.2%
ROA (Net income/ Total Assets) 8.72% 11% 9.92% 10.7% 13.8% 11.2% 10.6% 10.2%
Assets 1 46,073 53,748 47,198 58,854 58,805 74,133 81,696 89,643
Book Value Per Share 2 32.10 42.00 48.10 64.00 79.60 85.00 101.0 118.0
Cash Flow per Share 2 18.10 17.10 9.720 16.40 25.60 18.50 22.20 25.20
Capex 1 4,278 2,272 3,579 3,103 5,231 2,695 2,890 2,828
Capex / Sales 4.6% 2.23% 3.06% 3.01% 4.63% 2.4% 2.47% 2.33%
Announcement Date 20-03-05 21-02-25 22-02-23 23-02-23 24-02-28 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
94.62 CNY
Average target price
137 CNY
Spread / Average Target
+44.76%
Consensus
  1. Stock Market
  2. Equities
  3. VIPS Stock
  4. V1IP34 Stock
  5. Financials Vipshop Holdings Limited