Under Armour, Inc. (UAA) vs V.F. Corporation (VFC)

Under Armour, Inc. and V.F. Corporation are both Apparel Manufacturing companies. V.F. Corporation is the larger, with a market value of $5.4B against $1.9B — 2.8× the size. Under Armour, Inc. has negative trailing earnings, so its P/E is not meaningful; V.F. Corporation trades at 19.9×. V.F. Corporation grew revenue faster over the last twelve months: 0.19% against −3.61%. V.F. Corporation has the higher net margin (2.88% vs −9.99%) and the higher return on invested capital (7.87% vs −4.61%). Across the 19 metrics below, V.F. Corporation leads on 12 and Under Armour, Inc. on 7.

Valuation

Metric UAA VFC Apparel Manufacturing median
P/E n/m 19.93 17.21
P/S 0.38 0.58 0.44
P/B 1.32 3.14 1.58
Price to free cash flow n/m 9.20 9.18
EV/EBITDA n/m 6.72 8.64
EV/Sales 0.54 0.88 0.54
Earnings yield (26.05%) 5.02% 0.00%
Free cash flow yield (4.30%) 10.87% 9.25%

Profitability

Metric UAA VFC Apparel Manufacturing median
Gross margin 46.78% 54.97% 48.31%
Operating margin (2.43%) 6.10% 2.46%
Net margin (9.99%) 2.88% (0.46%)
Free cash flow margin (1.65%) 6.34% 5.26%
Return on equity (29.82%) 17.94% 4.29%
Return on assets (10.99%) 2.80% 0.00%
Return on invested capital (4.61%) 7.87% 0.00%

Growth

Metric UAA VFC Apparel Manufacturing median
Revenue growth (TTM) (3.61%) 0.19% 0.02%
EPS growth (last fiscal year) (146.81%) 233.33% —
Revenue growth, 5-year CAGR (2.66%) 0.78% 6.76%
Net income growth, 5-year CAGR 0.00% (8.97%) 0.00%

Health

Metric UAA VFC Apparel Manufacturing median
Debt to equity 0.41 1.99 0.23
Current ratio 1.81 1.43 1.81
Net debt to EBITDA (5.45) 2.18 (0.43)

Dividend

Metric UAA VFC Apparel Manufacturing median
Dividend yield — 5.08% 2.76%
Payout ratio 0.00 5.37 0.07

Size

Metric UAA VFC Apparel Manufacturing median
Market cap 1.91b 5.38b 402.31m

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