Overview Dividends

(VIPS) Vipshop Holdings - Ratings and Ratios

Exchange: NYSE • Country: China • Currency: USD • Type: Common Stock • ISIN: US92763W1036

Apparel, Footwear, Accessories, Cosmetics, Home-Goods

Broadline Retail
Market Cap in USD: 9,623m

IPO / Inception: 2012-03-23
Return 12m vs S&P 500: 28.2%

EPS (Earnings per Share)

EPS CAGR: 3.28%
EPS Trend: 53.5%

Last SUE: 0.13
Qual. Beats: 0

Revenue

Rev. CAGR: -11.74%
Rev. Trend: -23.7%

Last SUE: 0.01
Qual. Beats: 0

Dividends

Dividend Yield	2.48%
Yield on Cost 5y	2.00%
Yield CAGR 5y	0.00%
Payout Consistency	100.0%
Payout Ratio	2.8%

Risk via 5d forecast
Volatility	42.7%
Value at Risk 5%th	60.9%
Relative Tail Risk	-13.26%

Reward TTM
Sharpe Ratio	1.17
Alpha	41.63
CAGR/Max DD	0.38

Character TTM
Hurst Exponent	0.611
Beta	0.691
Beta Downside	0.521

Drawdowns 3y
Max DD	39.32%
Mean DD	15.42%
Median DD	14.76%

Description: VIPS Vipshop Holdings November 03, 2025

Vipshop Holdings Limited (NYSE: VIPS) runs a suite of online retail platforms in China-including vip.com and vipshop.com-under the “Vip.com,” “Shan Shan Outlets,” and “Others” segments. The company sells a broad array of consumer goods, from apparel and accessories to cosmetics, home items, and supermarket products, and supplements its core e-commerce business with internet-finance services such as consumer and supplier financing, as well as logistics, procurement, and software development capabilities. Founded in 2008 and headquartered in Guangzhou, Vipshop positions itself as a discount-driven, brand-focused retailer targeting price-sensitive Chinese shoppers.

Key recent metrics suggest the model remains scalable: in FY 2023 the firm reported roughly RMB 210 billion in gross merchandise volume (GMV), a 13% year-over-year increase, and its active customer base grew to about 115 million, driven in part by expanding lower-tier city penetration. Margin pressure has eased, with net profit margins improving to 5.2% as the company leverages its proprietary logistics network to lower fulfillment costs. The broader Chinese e-commerce sector is benefitting from rising disposable income among the middle class and a gradual shift toward online grocery purchases, both of which underpin Vipshop’s diversification into supermarket-type items.

For a deeper, data-rich analysis of how Vipshop’s valuation compares to peers and to assess the sustainability of its growth trajectory, you may find ValueRay’s platform worth exploring.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (7.10b TTM) > 0 and > 6% of Revenue (6% = 6.40b TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA -6.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 8.64% (prev 5.42%; Δ 3.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 9.13b > Net Income 7.10b (YES >=105%, WARN >=100%)

Net Debt (-16.05b) to EBITDA (9.16b) ratio: -1.75 <= 3.0 (WARN <= 3.5)

Current Ratio 1.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (504.6m) change vs 12m ago -8.87% (target <= -2.0% for YES)

Gross Margin 23.13% (prev 23.71%; Δ -0.58pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 144.3% (prev 148.0%; Δ -3.68pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 90.59 (EBITDA TTM 9.16b / Interest Expense TTM 77.7m) >= 6 (WARN >= 3)

Altman Z'' 4.48

(A) 0.12 = (Total Current Assets 40.27b - Total Current Liabilities 31.05b) / Total Assets 78.33b

(B) 0.55 = Retained Earnings (Balance) 42.91b / Total Assets 78.33b

(D) 1.22 = Book Value of Equity 42.10b / Total Liabilities 34.54b

Total Rating: 4.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 70.16

1. Piotroski 5.50pt

2. FCF Yield 12.16%

3. FCF Margin 5.22%

4. Debt/Equity 0.21

5. Debt/Ebitda -1.75

6. ROIC - WACC (= 4.80)%

7. RoE 17.74%

8. Rev. Trend -23.70%

9. EPS Trend 53.55%

What is the price of VIPS shares?

As of December 19, 2025, the stock is trading at USD 19.32 with a total of 1,914,304 shares traded.
Over the past week, the price has changed by -3.88%, over one month by -1.58%, over three months by +2.88% and over the past year by +49.76%.

Is VIPS a buy, sell or hold?

Vipshop Holdings has received a consensus analysts rating of 3.71. Therefor, it is recommend to hold VIPS.

Strong Buy: 7
Buy: 3
Hold: 14
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the VIPS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	20.1	3.8%
Analysts Target Price	20.1	3.8%
ValueRay Target Price	21.8	12.7%

VIPS Fundamental Data Overview December 17, 2025

Market Cap CNY = 67.77b (9.62b USD * 7.0421 USD.CNY)
P/E Trailing = 10.328
P/E Forward = 7.593
P/S = 0.0902
P/B = 1.68
P/EG = 0.9371
Beta = 0.723
Revenue TTM = 106.67b CNY
EBIT TTM = 7.04b CNY
EBITDA TTM = 9.16b CNY
Long Term Debt = 645.1m CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 7.93b CNY (from shortTermDebt, last quarter)
Debt = 8.51b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -16.05b CNY (from netDebt column, last quarter)
Enterprise Value = 45.79b CNY (67.77b + Debt 8.51b - CCE 30.49b)
Interest Coverage Ratio = 90.59 (Ebit TTM 7.04b / Interest Expense TTM 77.7m)
FCF Yield = 12.16% (FCF TTM 5.57b / Enterprise Value 45.79b)
FCF Margin = 5.22% (FCF TTM 5.57b / Revenue TTM 106.67b)
Net Margin = 6.66% (Net Income TTM 7.10b / Revenue TTM 106.67b)
Gross Margin = 23.13% ((Revenue TTM 106.67b - Cost of Revenue TTM 82.00b) / Revenue TTM)
Gross Margin QoQ = 22.97% (prev 23.46%)
Tobins Q-Ratio = 0.58 (Enterprise Value 45.79b / Total Assets 78.33b)
Interest Expense / Debt = 0.31% (Interest Expense 26.4m / Debt 8.51b)
Taxrate = 19.81% (301.1m / 1.52b)
NOPAT = 5.65b (EBIT 7.04b * (1 - 19.81%))
Current Ratio = 1.30 (Total Current Assets 40.27b / Total Current Liabilities 31.05b)
Debt / Equity = 0.21 (Debt 8.51b / totalStockholderEquity, last quarter 40.41b)
Debt / EBITDA = -1.75 (Net Debt -16.05b / EBITDA 9.16b)
Debt / FCF = -2.88 (Net Debt -16.05b / FCF TTM 5.57b)
Total Stockholder Equity = 40.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.06% (Net Income 7.10b / Total Assets 78.33b)
RoE = 17.74% (Net Income TTM 7.10b / Total Stockholder Equity 40.02b)
RoCE = 17.31% (EBIT 7.04b / Capital Employed (Equity 40.02b + L.T.Debt 645.1m))
RoIC = 12.43% (NOPAT 5.65b / Invested Capital 45.42b)
WACC = 7.63% (E(67.77b)/V(76.28b) * Re(8.56%) + D(8.51b)/V(76.28b) * Rd(0.31%) * (1-Tc(0.20)))
Discount Rate = 8.56% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.61%
[DCF Debug] Terminal Value 68.36% ; FCFE base≈7.01b ; Y1≈4.64b ; Y5≈2.16b
Fair Price DCF = 93.49 (DCF Value 38.82b / Shares Outstanding 415.2m; 5y FCF grow -39.39% → 3.0% )
EPS Correlation: 53.55 | EPS CAGR: 3.28% | SUE: 0.13 | # QB: 0
Revenue Correlation: -23.70 | Revenue CAGR: -11.74% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.85 | Chg30d=-0.062 | Revisions Net=-2 | Analysts=2
EPS next Year (2026-12-31): EPS=18.36 | Chg30d=-0.068 | Revisions Net=+2 | Growth EPS=+8.0% | Growth Revenue=+2.3%

Additional Sources for VIPS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle