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VIPS

Vipshop Holdings LimitedNYSE:VIPS Stock Report

Market Cap US$6.9b
Share Price
US$14.64
US$20.06
27.0% undervalued intrinsic discount
1Y-1.1%
7D2.6%
Portfolio Value
View

Vipshop Holdings Limited

NYSE:VIPS Stock Report

Market Cap: US$6.9b

Vipshop Holdings (VIPS) Stock Overview

Operates online platforms in the People's Republic of China. More details

VIPS fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

VIPS Community Fair Values

Create Narrative

See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

Vipshop Holdings Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Vipshop Holdings
Historical stock prices
Current Share PriceUS$14.64
52 Week HighUS$21.08
52 Week LowUS$13.36
Beta0.63
1 Month Change-2.85%
3 Month Change-16.58%
1 Year Change-1.08%
3 Year Change-7.40%
5 Year Change-39.78%
Change since IPO2,561.82%

Recent News & Updates

Narrative Update May 01

VIPS: Stable Earnings And 10% Yield Will Support Future Upside

Analysts have trimmed their average price target for Vipshop by around $0.18 to approximately $20.06. The revision reflects updated assumptions on discount rates, revenue growth, profit margins and future P/E following recent target changes from firms that cited stable earnings, cash flow and yield appeal alongside modest target reductions.
Narrative Update Apr 17

VIPS: Stable Earnings And 2026 Yield Will Support Income-Focused Upside

Vipshop's updated fair value estimate has moved to $25.24 from $24.28, reflecting analysts' mixed price target revisions around $20 to $22 that cite steady earnings, cash flow, and an appealing yield profile. Analyst Commentary Bullish analysts have leaned into Vipshop's income appeal and steadier execution, updating their work to reflect what they describe as more stable earnings, cash flow and a relatively high yield profile.
Narrative Update Apr 02

VIPS: Stable Earnings And 2026 Yield Will Support Future Upside

The updated analyst price target for Vipshop Holdings is now approximately $24.28, a slight change from about $24.26, as analysts balance recent target reductions at JPMorgan and Barclays with more supportive views on stable earnings, cash flow, and yield highlighted in the recent Nomura upgrade. Analyst Commentary Recent commentary around Vipshop centers on how resilient earnings, cash generation, and yield assumptions fit with the current share price, even as some large firms trim price targets at the margin.

Recent updates

Narrative Update May 01

VIPS: Stable Earnings And 10% Yield Will Support Future Upside

Analysts have trimmed their average price target for Vipshop by around $0.18 to approximately $20.06. The revision reflects updated assumptions on discount rates, revenue growth, profit margins and future P/E following recent target changes from firms that cited stable earnings, cash flow and yield appeal alongside modest target reductions.
Narrative Update Apr 17

VIPS: Stable Earnings And 2026 Yield Will Support Income-Focused Upside

Vipshop's updated fair value estimate has moved to $25.24 from $24.28, reflecting analysts' mixed price target revisions around $20 to $22 that cite steady earnings, cash flow, and an appealing yield profile. Analyst Commentary Bullish analysts have leaned into Vipshop's income appeal and steadier execution, updating their work to reflect what they describe as more stable earnings, cash flow and a relatively high yield profile.
Narrative Update Apr 02

VIPS: Stable Earnings And 2026 Yield Will Support Future Upside

The updated analyst price target for Vipshop Holdings is now approximately $24.28, a slight change from about $24.26, as analysts balance recent target reductions at JPMorgan and Barclays with more supportive views on stable earnings, cash flow, and yield highlighted in the recent Nomura upgrade. Analyst Commentary Recent commentary around Vipshop centers on how resilient earnings, cash generation, and yield assumptions fit with the current share price, even as some large firms trim price targets at the margin.
Narrative Update Mar 19

VIPS: Stable Earnings And High 2026 Yield Will Support Future Upside

Analysts have modestly reduced their fair value estimate for Vipshop to $24.26 from $25.09, reflecting slightly lower revenue growth assumptions, higher profit margin expectations, and updated P/E targets informed by recent price target revisions from $18.50 to $20 and $22. Analyst Commentary Recent Street research around Vipshop highlights a cluster of constructive views, with bullish analysts pointing to income potential, earnings resilience, and updated price targets that remain above the latest fair value estimate.
Narrative Update Mar 05

VIPS: Stable Earnings And High Yield Will Support Future Upside Potential

Analysts have inched their average price target on Vipshop higher to about $20.24, helped by supportive views on stable earnings, cash flow and yield, even though individual targets range from $20 to $22. Analyst Commentary Bullish Takeaways Bullish analysts point to what they describe as stable earnings and cash flow as key supports for the current valuation, arguing that this visibility helps justify price targets around US$20 to US$22.
Narrative Update Feb 19

VIPS: Future Execution And P/E Support Will Drive Fair Value Ahead

Analysts have lifted their price target on Vipshop Holdings to $22 from $21, reflecting adjustments to fair value estimates, discount rate assumptions, revenue growth expectations, profit margin outlook, and future P/E inputs. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$22 target as support for the view that current pricing still leaves room for upside if the company delivers on execution.
Narrative Update Feb 04

VIPS: Reorganization And Buybacks Will Support Higher Future Share Price

Analysts have nudged their fair value view on Vipshop higher, with recent price target increases to $21 and $22 supporting a modest uplift, driven by slightly adjusted discount rate, revenue growth, profit margin, and forward P/E assumptions. Analyst Commentary Recent Street research reflects a more constructive tone around Vipshop, with price targets nudged higher as analysts revisit their assumptions for revenue, margins, and forward P/E.
Narrative Update Jan 21

VIPS: Reorganization And Buybacks Will Support Higher Future Earnings Multiple

Narrative Update Analysts have lifted their consolidated price target for Vipshop to about US$25.09 from US$24.73, citing recent target increases from US$19 to US$21 and from US$21 to US$22, along with updated views on revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent research updates on Vipshop have leaned constructive, with higher price targets and supportive commentary around the company’s execution and business reorganization.
Narrative Update Jan 07

VIPS: Rising Confidence In Reorganization Will Expose Execution Weaknesses

Narrative Update The analyst price target for Vipshop has moved higher, supported by recent Street research that lifted targets to US$21 and US$22. Analysts highlight improving efficiency from the company’s reorganization and expectations for steadier growth and profitability over time.
Narrative Update Dec 15

VIPS: Reorganization Will Support Stronger Margins And Lift Future Earnings Multiple

Narrative Update on Vipshop Holdings Vipshop Holdings' fair value estimate has been raised by analysts from approximately $22.57 to $24.73 as they factor in slightly stronger revenue growth, a modestly higher future P/E multiple, and continued benefits from the company reorganization and steady growth outlook into 2026. Analyst Commentary Recent research updates highlight growing optimism around Vipshop Holdings as bullish analysts raise their price targets and reiterate constructive views on the company’s execution and growth trajectory.
Narrative Update Nov 30

VIPS: Recent Reorganization And Share Buybacks Will Drive Fair Value Ahead

The average analyst price target for Vipshop Holdings has been raised from $19.08 to $19.73, as analysts cite positive effects from the company's recent reorganization and a continued steady growth outlook. Analyst Commentary Recent updates reveal a mixed yet overall positive sentiment among analysts following Vipshop Holdings' latest results and corporate restructuring.
Analysis Article Nov 23

Vipshop Holdings Limited Just Beat EPS By 18%: Here's What Analysts Think Will Happen Next

Vipshop Holdings Limited ( NYSE:VIPS ) shareholders are probably feeling a little disappointed, since its shares fell...
Seeking Alpha Nov 21

Vipshop Is Too Cheap To Sell, But Not Strong Enough To Buy

Summary Vipshop Holdings Limited is a leading Chinese online discount retailer, recently outperforming the S&P 500 with strong share price momentum. VIPS boasts a solid balance sheet, deep valuation discounts, and robust capital returns, but faces modest revenue growth, margin compression, and weakening cash flows. Despite profit per share growth and loyal customer expansion, VIPS's forward growth outlook remains tepid, with management guiding for flat to low single-digit sales growth. I rate VIPS as a Hold, as its attractive valuation and shareholder returns are counterbalanced by slowing top-line growth and deteriorating cash-flow trends. Read the full article on Seeking Alpha
Narrative Update Nov 16

VIPS: Future Earnings Prospects And Discount Rate Will Shape Fair Value

Narrative Update on Vipshop Holdings Analysts have raised their fair value estimate for Vipshop Holdings slightly, increasing it from $19.03 to $19.08 per share. This reflects minor adjustments to discount rate assumptions and forward earnings projections.
Narrative Update Nov 01

VIPS: Share Buybacks And Steady Financials Will Support Recovery Prospects

Analysts have slightly increased their price target for Vipshop Holdings from $19.02 to $19.03, citing updated valuation metrics and recent modest improvements in key financial indicators. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent upward revision in price targets, which signals increased confidence in the company’s ongoing execution and stability.
Narrative Update Oct 17

China Outlet Expansion And AI Investments Will Drive Success

Narrative Update on Vipshop Holdings Analysts have raised their price target for Vipshop Holdings by $1, reflecting revised fair value estimates and updated considerations of discount rates and valuation multiples. Analyst Commentary Bullish Takeaways Bullish analysts have raised their price targets, indicating increased confidence in the company’s valuation and earnings outlook.
Narrative Update Oct 03

China Outlet Expansion And AI Investments Will Drive Success

Analysts have increased their price target for Vipshop Holdings from $18.17 to $18.90. They cite modest improvements in revenue growth and profit margin forecasts as the reason for this adjustment.
Narrative Update Aug 16

Expanding 'Made For VIP' Line And AI Tech Will Elevate Customer Experiences

Vipshop Holdings’ analyst price target has been raised to $17.64, reflecting improved bullish sentiment on core business momentum and profitability relative to peers, despite modest downward revisions to near-term revenue and profit forecasts amid ongoing product-specific headwinds. Analyst Commentary Bullish analysts acknowledge continued mild improvement in GMV and revenue year-over-year, supporting share price upside at an attractive valuation.
Analysis Article Jul 24

Vipshop Holdings Limited's (NYSE:VIPS) Low P/E No Reason For Excitement

Vipshop Holdings Limited's ( NYSE:VIPS ) price-to-earnings (or "P/E") ratio of 8.2x might make it look like a strong...
Analysis Article Jul 03

Vipshop Holdings (NYSE:VIPS) Hasn't Managed To Accelerate Its Returns

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article Jun 11

Does Vipshop Holdings (NYSE:VIPS) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha Feb 24

Vipshop: Fundamental Challenges Remain

Summary Vipshop's 4Q24 revenue beat consensus, but underlying fundamentals remain weak, with flat GMV growth and declining active buyers and orders. Overreliance on Super VIP membership and the apparel segment poses risks, while non-apparel categories underperform despite government subsidies. Lack of global exposure limits growth potential compared to peers like PDD and Alibaba; better cash allocation towards overseas markets is recommended. VIPS' current valuation is compelling at less than 6x forward earnings, but caution is advised until stable GMV recovery is evident; prefer PDD and Meituan. Read the full article on Seeking Alpha
Seeking Alpha Jan 13

Vipshop: Stock Repurchase Program, Massive Headcount Growth, And Extremely Cheap

Summary Vipshop Holdings Limited shows strong FCF growth, benefits from China's stimulus, and has a significant stock repurchase program, making it a clear buy. Despite a challenging 2024, VIPS's agreements with well-known brands and substantial hiring indicate potential for future net income and FCF growth. Risks include related party transactions and incorporation in the Cayman Islands, but VIPS's valuation appears attractive compared to competitors. My valuation model suggests a fair price of $18 per share, with VIPS trading at a discount relative to peers. Read the full article on Seeking Alpha
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New Narrative Nov 20

SVIP Growth And AI Innovations Brighten Prospects But Revenue Decline And Competition Cast Shadows

Vipshop's growth in SVIP memberships and strategic initiatives to enhance customer engagement could boost revenue and customer loyalty.
Seeking Alpha Nov 20

Vipshop: A Paradox Of Attractive Valuations And Deteriorating Fundamentals

Summary Vipshop's Q3 2024 results were in line with consensus, but deteriorating fundamentals suggest further risks heading into 2025 amid a soft macro backdrop. Despite attractive valuation multiples, VIPS faces sustainability issues due to supply and demand side risks, and declining GMV and user metrics. VIPS's reliance on excess inventory from brands and competition from other channels like PDD and Tmall pose significant threats to its business model. Our DCF analysis implies VIPS is fairly valued with no upside, recommending investors seek higher growth opportunities in companies like PDD. Read the full article on Seeking Alpha
Seeking Alpha Oct 07

Vipshop: Large Data Sets, FCF Growth, And Undervalued

Summary Vipshop Holdings Limited is significantly undervalued, with a fair price estimate of $36 per share, driven by strong user growth and brand partnerships. The company's AI-powered searches, diverse product channels, and extensive logistics network are key catalysts for future net sales and free cash flow growth. VIPS' strategic promotions and robust inventory management system enhance its competitive edge, offering significant discounts and efficient operations. Potential risks include changes in data privacy regulations, economic conditions in China, and online regulatory challenges, which could impact future growth and profitability. Read the full article on Seeking Alpha
Seeking Alpha Aug 22

Vipshop: The Struggle Continues

Summary VIPS reported poor Q2 2024 results with revenue, active customers, and orders all down, leading to a weak Q3 guidance. Despite challenges, VIPS saw positive developments in increased gross margin and decreased operating expenses during the quarter. VIPS announced an upsized share repurchase program, demonstrating a commitment to shareholder-friendly capital allocation. Read the full article on Seeking Alpha
Seeking Alpha Jul 19

Vipshop: Cheap But A Tough Year Ahead

Summary VIPS stock down 18% since December 2023 due to short-term challenges and unexpected competition. Abnormal weather in China and intense price wars impacting VIPS' business fundamentals in 2024. SVIP members remain loyal, dividends and share buyback program support valuation, maintaining "buy" rating for VIPS. Read the full article on Seeking Alpha
Seeking Alpha May 21

Vipshop: Significantly Undervalued With A Unique Model

Summary Vipshop Holdings stock has outperformed the S&P 500 by 25% over the last 5 years, with a potential double-digit upside. VIPS is a prominent online discount retailer in China, known for its unique flash sale model and focus on branded products. The company has solid financial fundamentals, including strong revenue growth, profitability, and a strong balance sheet, making it an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha Mar 04

In Tight Times, Vipshop Wows Investors With Dividend Policy

Summary Vipshop said it will pay $250 million to investors this year under a newly announced dividend policy, equaling a relatively low payout ratio of about 23%. The company looks relatively well situated to weather China’s economic downturn due to its focus on bargain-priced clothing and relatively small average order size. VIPS is quite a conservative company financially and looks quite good at controlling costs. Read the full article on Seeking Alpha

Shareholder Returns

VIPSUS Multiline RetailUS Market
7D2.6%-1.2%2.6%
1Y-1.1%17.4%26.2%

Return vs Industry: VIPS underperformed the US Multiline Retail industry which returned 27.6% over the past year.

Return vs Market: VIPS underperformed the US Market which returned 31.1% over the past year.

Price Volatility

Is VIPS's price volatile compared to industry and market?
VIPS volatility
VIPS Average Weekly Movement4.8%
Multiline Retail Industry Average Movement6.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: VIPS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: VIPS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200815,145Eric Shenwww.vip.com

Vipshop Holdings Limited operates online platforms in the People's Republic of China. The company operates through Vip.com, Shan Shan Outlets, and Others segments. It provides womenswear, menswear, sportswear and sporting goods, baby and children products, shoes and bags, skincare and cosmetics, home goods and other lifestyle products, and supermarket and other products.

Vipshop Holdings Limited Fundamentals Summary

How do Vipshop Holdings's earnings and revenue compare to its market cap?
VIPS fundamental statistics
Market capUS$6.94b
Earnings (TTM)US$1.07b
Revenue (TTM)US$15.59b
6.6x
P/E Ratio
0.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VIPS income statement (TTM)
RevenueCN¥105.92b
Cost of RevenueCN¥81.43b
Gross ProfitCN¥24.49b
Other ExpensesCN¥17.25b
EarningsCN¥7.24b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 21, 2026

Earnings per share (EPS)15.08
Gross Margin23.12%
Net Profit Margin6.84%
Debt/Equity Ratio13.5%

How did VIPS perform over the long term?

See historical performance and comparison

Dividends

4.2%
Current Dividend Yield
30%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 11:08
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vipshop Holdings Limited is covered by 47 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard KramerArete Research Services LLP
Alicia YapBarclays
Jiong ShaoBarclays