StockData
Vipshop Holdings Ltd logo

Vipshop Holdings Ltd (VIPS) stock analysis

VIPSNYSERetail-Catalog & Mail-Order HousesFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026Score 8/30
$13.26+0.32 (+2.47%)

Close on Nov 13, 2026Market cap $6.35BP/E 6.3Yield –

StockData Score

Prices as of Nov 13, 2026How the score works

Value0Growth1Performance3Health4Dividend0

Weak8 of 30 checks passed

Vipshop passes 8 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
1/6
Past performance
3/6
Financial health
4/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 40.3%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 14.3% of shareholders' equity, under the 40% we consider low.

  • EPS growing 10%+ a year

    Diluted EPS grew 12.9% a year over the last three fiscal years.

  • Interest well covered

    Operating income covers interest expense 90.4 times.

What to watch

  • Revenue growing under 10% a year

    Revenue grew 0.9% a year over the last three fiscal years, short of the 10% we look for.

  • Growing slower than the industry

    Revenue grew -2.3% over the last twelve months; the Nonstore Retailers median is 5.9%.

  • Gross margin slipping

    Gross margin was 23.1% over the last twelve months, against 23.5% a year earlier.

  • Debt rising against equity

    Debt to equity rose from 3.7% five years ago to 14.3%.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew 0.9% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 12.9% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew -2.3% over the last twelve months; the Nonstore Retailers median is 5.9%.

  • Guidance issued

    The latest outlook (first quarter of 2026 total net revenues, Feb 26, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin slipping

    Gross margin was 23.1% over the last twelve months, against 23.5% a year earlier.

Past performance3/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 40.3%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Vipshop's return on equity of 17.9% is above the Nonstore Retailers median of 9.1%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin above the industry

    Vipshop's net margin of 6.8% is above the Nonstore Retailers median of -0.2%.

Financial health4/6

  • Low debt

    Debt is 14.3% of shareholders' equity, under the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 3.7% five years ago to 14.3%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 128% of total debt.

  • Interest well covered

    Operating income covers interest expense 90.4 times.

  • Short-term assets cover short-term debts

    Current assets are 1.28 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Vipshop has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Vipshop. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$28.67M
Value traded per 1% price move
$23.15M

Downside

Medium risk

Typical loss in a bad month
15.3%
Volatility (annualized)
32%
Sharpe ratio, 1 year
-1.18
Beta to the S&P 500 (5Y)
0.70

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

23.1%+2.2 pts over 5 years

Operating margin

7.7%+1.9 pts over 5 years

Net margin

6.8%

See a number that looks wrong?