3 models fit V.F. Corporation Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Large premium(i)Bronze48
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionV.F. Corporation Common Stock (VFC)
Fair value (3 models)
$11.42
ACCE price target
$15.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 19:04 CEST; previously $10.76 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 28 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 19:04 CEST.
Price used: $17.26 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
51.1% above
-33.8% to fair value
ACCE score
52
out of 100
Analysts
38% buy
24 covering
P/E
25.4x
forward 12.9x
1-year return
+8.6%
Dividend yield
2.06%
V.F. Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
V.F. Corporation designs and sells outdoor and active lifestyle brands including The North Face, Vans, Timberland, Dickies and Smartwool, selling both through wholesale accounts and its own direct-to-consumer channels. The appeal rests on brand equity: a 55.0% gross margin, well above what most apparel makers earn, shows these labels still command pricing power even as volumes soften. The obvious near-term driver is a turnaround in the weaker brands, Vans in particular, and a recovery in Europe and Asia, though the data we have does not quantify either. The case is interesting now because the stock trades at 12.0x forward earnings against a trailing 23.6x, which implies the market expects earnings to rebound sharply, while revenue is still shrinking at -5.2% and the operating margin is negative at -5.5%. That gap between a depressed multiple and deteriorating operations is the question a deeper look needs to resolve: whether the earnings recovery is credible or whether the forward multiple is flattering a business that has not yet stabilized.
⚠ Investor warnings · 5 flagsAI-assisted·How I use AI
high
Operating margin deeply negative
Operating margin at -5.5% despite 55% gross margin signals severe cost control issues. Net margin of +2.9% relies on non-operating gains, not core business.
high
Revenue collapse and deceleration
5-year CAGR of -6.1%, YoY decline of -5.2%, and QoQ drop of -22.9% show accelerating deterioration, not stabilization.
high
Leverage elevated with shrinking revenue
Debt/Equity of 2.81 combined with -6.1% revenue CAGR creates refinancing risk. FCF of $324M provides near-term cushion but trend is concerning.
moderate
ACCE score collapsed 9 points in 90 days
Score fell from 59 to 50. Quality (46) and Momentum (32) are particularly weak, signalling deteriorating fundamentals.
moderate
Earnings beat masks operational weakness
78.1% YoY earnings growth contradicts -5.2% revenue decline, suggesting one-time items or tax benefits rather than sustainable improvement.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow yield of 5.5% exceeds the risk-free rate of 5.2%, offering attractive cash return to shareholders.
ROE of 17.9% demonstrates the core business generates strong returns on shareholder capital deployed.
Why it could disappoint
Revenue declined 5.2% year over year and 6.1% on a 5-year average, showing persistent business contraction.
Debt to equity of 2.81 combined with net margin of only 2.9% leaves little room for error in a shrinking revenue base.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 28, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where VFC's valuation models land
Price
$17.26
Model fair value
$11.42
Model range
$5.74 to $19.74
Fair value $11.42
Price $17.26
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores