V.F. Corporation
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V.F. Corporation Financial Snapshot
Operating Performance
Fast Facts
105 Corporate Center Boulevard, The company reported revenue of US$9,459 million
Headquarters Address Greensboro, 27408,United States of during the fiscal year 2011 (2011). The company's
America revenue grew at a CAGR of 6.99% during 2007–
Telephone + 1 336 4246000 2011, with an annual growth of 22.81% over 2010. In
2011, the company recorded an operating margin of
Fax + 1 336 5477634
13.16%, as against 10.66% in 2010.
Website www.vfc.com Revenue and Margins
Ticker Symbol, Stock Exchange VFC, New York Stock Exchange
Number of Employees 58,000
Fiscal Year End December
Revenue (in US$ million) 9,459
SWOT Analysis
Return on Equity
Strengths Weaknesses
The company recorded a return on equity (ROE) of
Comprehensive product and brand
Concentration of revenue 19.62% for the fiscal year 2011, as compared to its
portfolio
peers, True Religion Apparel, Inc. (Ticker: TRLG),
Diversified Brand Offerings Declining liquidity position Delta Apparel Inc. (Ticker: DLA) and Delta Apparel,
Inc. (Ticker: DLA), which recorded ROEs of 15.00%,
12.21% and 12.21% respectively. Furthermore, the
Efficient Use of Resources Overdependence on a few customers company reported an operating margin of 13.16% in
2011.
Strengthening operational performance Overdependence on a Few Customers
Return on Equity
Strong distribution capabilities Seasonality of the Business
Strong Distribution Capabilities
Strong Liquidity Position
Strong Operating Margin
Opportunities Threats
Emerging Economies Competition in the Retail Industry
Growth of web-based stores Currency and Interest Rate Risk
Liquidity Position
Improving economies Exchange rate fluctuations
The company reported a current ratio of 1.91 in 2011,
Product Innovation Growing Counterfeit Goods Market as compared to its peers, True Religion Apparel, Inc.,
Delta Apparel Inc. and Delta Apparel, Inc., which
Rising Popularity of Online Shopping Rising Counterfeit Goods Market recorded current ratios of 7.35, 2.93 and 2.93
respectively. As of December 2011, the company
recorded cash and short-term investments of worth
Rising labor costs in the US US$341 million, against US$3 million current debt.
The company reported a debt to equity ratio of 0.47 in
2011 as compared to its peers, True Religion Apparel,
Inc., Delta Apparel Inc. and Delta Apparel, Inc., which
recorded debt to equity ratios of 0.00, 0.61 and 0.61
respectively.
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V.F. Corporation - SWOT Profile Page 1
V.F. Corporation
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................7
2 Analysis of Key Performance Indicators ............................................................................................... 9
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................9
2.2 Key Financial Performance Indicators .................................................................................................................12
2.2.1 Revenue and Operating Profit .........................................................................................................................12
2.2.2 Asset and Liabilities .........................................................................................................................................13
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................14
2.2.4 Operational Efficiency ......................................................................................................................................15
2.2.5 Solvency ..........................................................................................................................................................16
2.2.6 Valuation ..........................................................................................................................................................17
2.3 Competitive Benchmarking ..................................................................................................................................18
2.3.1 Market Capitalization .......................................................................................................................................18
2.3.2 Efficiency ..........................................................................................................................................................19
2.3.3 Valuation ..........................................................................................................................................................20
2.3.4 Turnover – Inventory and Asset.......................................................................................................................21
3 SWOT Analysis ...................................................................................................................................... 22
3.1 SWOT Analysis - Overview ..................................................................................................................................22
3.2 Strengths ..............................................................................................................................................................22
3.3 Weaknesses .........................................................................................................................................................23
3.4 Opportunities ........................................................................................................................................................24
3.5 Threats .................................................................................................................................................................25
4 History .................................................................................................................................................... 27
5 Key Employees ...................................................................................................................................... 29
6 Key Employee Biographies................................................................................................................... 31
7 Locations and Subsidiaries .................................................................................................................. 32
7.1 Head Office ..........................................................................................................................................................32
7.2 Other Locations and Subsidiaries ........................................................................................................................32
8 Appendix ................................................................................................................................................ 34
8.1 Methodology .........................................................................................................................................................34
8.2 Ratio Definitions ...................................................................................................................................................34
8.3 Disclaimer.............................................................................................................................................................38
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V.F. Corporation - SWOT Profile Page 2
V.F. Corporation
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List of Tables
Table 1: Major Products and Services....................................................................................................................................7
Table 2: Key Ratios - Annual .......................................................