Vipshop (VIPS) AI Stock Analysis

• Market Cap: $9.98B
• Dividend Yield: 2.44%
• Average Volume (3M): 2.84M
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.77
• Revenue Growth: -2.18%
• EPS Growth: -7.85%
• Country: US
• Employees: 14,966
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.42
• Shares Outstanding: 415,323,580
• 10 Day Avg. Volume: 2,989,397
• 30 Day Avg. Volume: 2,835,016
• PEG Ratio: -14.11
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 9.37
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 0.07
• Enterprise Value/Gross Profit: 0.29
• Enterprise Value/Ebitda: 0.75
• 1Y Price Target: $21.90
• Price Target Upside: 8.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: $23.50 ▲(16.16% Upside)

Vipshop's overall stock score is driven by its strong financial performance and attractive valuation, which are supported by positive technical indicators. The earnings call provided a balanced view with growth in customer base and technological advancements, although challenges in maintaining profit margins were noted. The stock's undervaluation and dividend yield further enhance its investment appeal.

Positive Factors

Customer Growth

The increase in active super VIP customers indicates strong customer loyalty and engagement, which can drive sustained revenue growth and market share expansion.

AI Integration

AI integration enhances operational efficiency and customer experience, potentially leading to increased sales and competitive advantage in the e-commerce sector.

Net Income Growth

The significant increase in net income reflects effective cost management and strategic investments, supporting financial health and shareholder value.

Negative Factors

Decline in Gross Profit Margin

A decline in profit margins suggests challenges in cost control and pricing power, which could impact long-term profitability if not addressed.

Increased Operating Expenses

Rising operating expenses can pressure profit margins and reduce financial flexibility, potentially hindering future growth initiatives.

Operational Cash Flow Concerns

Zero operating cash flow indicates potential liquidity issues, which could limit the company's ability to invest in growth and manage debt effectively.

Vipshop Business Overview & Revenue Model

Company Description

Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items. It also provides shoes and bags, which comprises casual and formal shoes, purses, satchels, luggage, duffel bags, and wallets; handbags; apparel, gears and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers; sportswear, sports gear, and footwear for various sporting activities; home furnishings, such as bed and bath products, home decor, kitchen and tabletop items, and home appliances; and consumer electronic products. In addition, the company offers food and snacks, beverages, fresh produce, and pet goods; beauty products; and internet finance services, including consumer and supplier financing, and microcredit. Vipshop Holdings Limited provides its branded products through its vip.com and vipshop.com online platforms, as well as through its internet website and cellular phone application. Further, it offers warehousing, logistics, product procurement, research and development, technology development, and consulting services; software development and information technology support solutions; and supply chain services. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People's Republic of China.

How the Company Makes Money

Vipshop generates revenue primarily through the sale of discounted branded products to consumers via its e-commerce platform. The company's revenue model is based on a combination of direct sales and consignment sales, where it partners with various brands and manufacturers to sell their products. Key revenue streams include sales from flash sales events, membership fees for exclusive access to premium offers, and advertising income from brands looking to promote their products on the platform. Additionally, Vipshop benefits from its significant partnerships with domestic and international brands, which help to secure inventory at competitive pricing, ultimately enhancing its profit margins. The company also leverages data analytics to optimize its inventory management and marketing strategies, further contributing to its earnings.

Vipshop Financial Statement Overview

Summary

Vipshop demonstrates solid financial health with strong profitability and a robust balance sheet, indicative of prudent financial management. While past cash flows have been strong, recent operational cash flow issues need monitoring. Overall, the company is well-positioned for continued growth in the retail sector.

Income Statement

The company exhibits strong profitability with a high gross profit margin and consistent net profit margins over the years. Revenue has shown fluctuations but remains robust, indicating resilience in a competitive retail sector. EBIT and EBITDA margins are healthy, reflecting efficient operational management.

Balance Sheet

Vipshop maintains a solid balance sheet with a low debt-to-equity ratio and strong equity ratio, showcasing financial stability and low leverage. The return on equity is impressive, reflecting efficient use of equity capital. The company's assets and equity have been growing, supporting future expansion.

Cash Flow

Cash flow analysis shows a volatile but positive free cash flow trend, indicating good cash generation capability. However, recent operating cash flow dropped to zero, raising concerns about operational cash sustainability. Nonetheless, previous years show strong free cash flow to net income ratios, highlighting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	105.97B	108.42B	112.86B	103.15B	117.06B	101.86B
Gross Profit	24.72B	25.47B	25.72B	21.62B	23.11B	21.29B
EBITDA	9.58B	10.41B	11.53B	7.50B	6.58B	6.78B
Net Income	6.92B	7.74B	8.12B	6.30B	4.68B	5.91B
Balance Sheet
Total Assets	73.58B	74.94B	72.32B	65.48B	62.29B	58.94B
Cash, Cash Equivalents and Short-Term Investments	27.22B	28.22B	27.40B	23.53B	21.68B	19.32B
Total Debt	7.32B	3.25B	2.38B	3.79B	3.28B	2.70B
Total Liabilities	32.45B	33.39B	33.76B	31.40B	28.46B	29.56B
Stockholders Equity	39.50B	39.97B	36.96B	32.75B	32.63B	28.50B
Cash Flow
Free Cash Flow	0.00	5.57B	9.18B	7.42B	3.17B	9.55B
Operating Cash Flow	0.00	9.13B	14.41B	10.52B	6.74B	11.82B
Investing Cash Flow	0.00	-3.57B	-5.16B	1.05B	-2.33B	-6.70B
Financing Cash Flow	0.00	-4.97B	-6.15B	-5.57B	-58.79M	-20.84M

Vipshop Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VIPS, the sentiment is Positive. The current price of 20.23 is above the 20-day moving average (MA) of 19.12, above the 50-day MA of 19.04, and above the 200-day MA of 16.19, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 61.85 is Neutral, neither overbought nor oversold. The STOCH value of 91.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VIPS.

Vipshop Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIPS	81 Outperform	$9.98B	10.57	17.92%	2.44%	-2.18%	-7.85%
MNSO	72 Outperform	$6.12B	20.43	20.83%	3.12%	13.37%	-19.37%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
W	57 Neutral	$14.34B	―	―	―	3.35%	42.99%
ETSY	55 Neutral	$5.35B	37.91	―	―	1.98%	-20.98%
CHWY	54 Neutral	$14.42B	98.11	34.48%	―	9.04%	-56.79%
JMIA	45 Neutral	$1.50B	―	-102.25%	―	-4.38%	―

Vipshop Corporate Events

Vipshop Reports Strong Q3 2025 Financial Results with Increased Revenues and Net Income

On November 20, 2025, Vipshop Holdings Limited announced its unaudited financial results for the third quarter of 2025, showing a 3.4% increase in total net revenues year over year to RMB21.4 billion. The company reported a 16.8% rise in net income attributable to shareholders, reaching RMB1.2 billion, driven by strategic investments and strong customer engagement. Despite a slight decrease in gross profit, Vipshop saw growth in active customers and total orders, indicating positive business momentum and effective strategic realignment.

Vipshop Announces Annual General Meeting for December 2025

On November 12, 2025, Vipshop Holdings Limited announced it will hold its annual general meeting on December 5, 2025, at its headquarters in Guangzhou, China. The meeting will not include any proposals for shareholder approval but will serve as an open forum for shareholders and ADS holders to discuss company affairs with management. The record date for determining shareholders entitled to attend is November 10, 2025.