One-glance verdict
Within fair range
$16.45 our estimate vs market $12.68
Wall Street consensus: $15.00 (-8.8% lower than our fair-value estimate)
23% below our estimate
Fundamentals snapshot
Vince Holding Corp.
VNCE · NCM · Consumer Cyclical · Apparel Manufacturing
Current price
$12.68
52-week range
$1.95 - $13.88
Market cap
$164.14M
Balance sheet
Distressed
2.70x Stretched
Net debt $113.47M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 4.9% last year.
- Reward Returns 14.1% on equity, ahead of 80% of its peers.
- Reward Free cash flow was positive in 4/10 years.
- Risk Stock trades 511.7% above its 5-year average P/E.
What this company does
Vince Holding Corp.
Vince Holding Corp. sells stylish women's and men's clothing and accessories, like cashmere sweaters and leather jackets, mainly through its own stores and online. Their success relies on making a good profit on each item they sell, known as their margins (the percentage of each sales dollar left after paying for the costs to make and sell the product). This allows them to continue offering their fashionable products and stay in business.
How the company got here
Vince Holding Corp. was founded in 2002 by Rea Laccone and Christopher LaPolice in Los Angeles, aiming to create luxurious, wearable essentials with a focus on premium materials like cashmere. The company went public in 2013, making its performance more visible. A significant turning point occurred in 2023 when Vince sold its intellectual property (IP) – the core ideas and brand identity – to Authentic Brands Group (ABG) and then licensed it back, which helped strengthen its financial position by improving its balance sheet (a company's financial health snapshot). This move allowed for strategic reinvestment into the business. Brendan Hoffman rejoined as CEO in February 2025, bringing renewed leadership to guide the company's ongoing transformation.
What it actually does
Vince is a global retail company that designs and sells high-quality apparel and accessories for both women and men. The brand is known for its premium tailoring and understated elegance, focusing on creating elevated pieces for everyday wear rather than following fast-fashion trends. Their products include items like cashmere sweaters, silk blouses, leather jackets, dresses, pants, footwear, and accessories. Vince makes its products available to customers through various channels, including its own stores, online, and through wholesale partners.
Vince Wholesale
The Vince Wholesale segment is where the company sells its products in bulk to other businesses, primarily major department stores and specialty retailers across the United States and internationally. These wholesale partners then sell Vince's clothing and accessories to their own customers. This channel is crucial for reaching a broad customer base and maintaining a strong presence in the market. In recent periods, this segment has shown healthy momentum, with increased full-price shipments and strong demand for both women's and men's apparel.
Vince Direct-to-Consumer
The Vince Direct-to-Consumer (DTC) segment represents sales made directly to the end customer, cutting out the middleman. This includes purchases made through Vince's own e-commerce website, vince.com, as well as sales from company-operated specialty retail stores and outlet stores. This segment allows Vince to have more control over the customer experience and brand presentation. While this channel has seen growth, it can sometimes operate with lower profit margins (the percentage of each sales dollar left after covering costs) compared to wholesale due to the direct costs of running retail operations and online sales.
What management is betting on now
Vince's management is currently focused on a strategic turnaround aimed at driving profitability and growth. Key priorities include reinvesting in the business, particularly in enhancing its e-commerce capabilities and digital marketing efforts. They are also working to improve store productivity through remodels and better merchandising. A significant focus is on expanding the men's collection, aiming to increase its share of total sales, and broadening the product assortment to include more accessories. Management is also streamlining operations, reducing reliance on discounts to improve gross margin (the profit a company makes after deducting the costs associated with making and selling its products), and enhancing digital initiatives like drop shipping (a fulfillment method where a seller doesn't keep products in stock but instead transfers customer orders and shipment details to a manufacturer, wholesaler, or another retailer, who then ships the goods directly to the customer) to minimize inventory risk (the possibility of not being able to sell products at a desired price or at all).
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q4
$5.13M
FY2026 Q1
$21.18M
FY2026 Q2
$-13.24M
FY2026 Q3
$2.10M
FY2026 Q4
$-5.70M
FY2027 Q2
$-9.13M
FY2027 Q3
$17.39M
Revenue
$81.79M
Net income
$10.60M
Diluted EPS
0.80
Operating cash flow
$18.14M
Free cash flow
$17.39M
Fetching…
Sources
Revenue
$64.03M
Net income
$-2.10M
Diluted EPS
-0.16
Operating cash flow
$-8.91M
Free cash flow
$-9.13M
Fetching…
Sources
Revenue
$85.13M
Net income
$2.73M
Diluted EPS
0.21
Operating cash flow
$-5.07M
Free cash flow
$-5.70M
Fetching…
Sources
Revenue
$73.24M
Net income
$12.06M
Diluted EPS
0.93
Operating cash flow
$4.20M
Free cash flow
$2.10M
Fetching…
Sources
Revenue
$57.93M
Net income
$-4.80M
Diluted EPS
-0.37
Operating cash flow
$-11.82M
Free cash flow
$-13.24M
Fetching…
Sources
Revenue
$79.95M
Net income
$-28.34M
Diluted EPS
-2.25
Operating cash flow
$22.69M
Free cash flow
$21.18M
Fetching…
Sources
Revenue
$80.16M
Net income
$4.35M
Diluted EPS
0.34
Operating cash flow
$6.44M
Free cash flow
$5.13M
Fetching…
Sources
Is it cheap or expensive?
Fair value $16.45 vs current price $12.68
Wall Street consensus is the average analyst price target: $15.00 (-8.8% lower than our fair-value estimate).
Our most-likely fair value is $16.45 a share — about 29.7% away from today's price of $12.68, so the stock currently looks fairly priced.
Is it drowning in debt?
Distressed
Net debt $113.5M. Interest coverage 2.7x.
Net debt
$113.47M
Interest coverage
2.70x
Vince Holding Corp.'s profit covers its interest bill about 2.7 times over. which is stronger than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
VNCE
BASELINE
Vince Holding Corp.
Total debt $114.48M Interest coverage 2.70x This is the baseline the peer rows are being compared against.
Total debt $38.94M Interest coverage -6.36x -100% vs VNCE This peer has almost no interest-payment cushion compared with VNCE.
Total debt $8.95M Interest coverage 3.89x +44% vs VNCE Carries about 1.4x more debt cushion than VNCE.
Total debt $622.55M Interest coverage -1.67x -100% vs VNCE This peer has almost no interest-payment cushion compared with VNCE.
Total debt $93.27M Interest coverage 2.60x -3% vs VNCE Has roughly the same debt cushion as VNCE.
What you should know
The case for and against VNCE
3 Rewards
1 Risk
Rewards
-
Revenue grew 4.9% last year.
-
Returns 14.1% on equity, ahead of 80% of its peers.
-
Free cash flow was positive in 4/10 years.
Risks
-
Stock trades 511.7% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
21.86x
Forward P/E
13.78x
P/B
2.79x
P/S
0.52x
EV/EBITDA
17.33x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
52.5%
Operating margin
16.6%
Net margin
2.4%
ROE
14.1%
ROA
3.6%
Health
Liquidity and balance-sheet strength
Debt / equity
1.95x
Current ratio
1.49x
Quick ratio
0.40x
Total debt
$114.48M
Total cash
$1.01M
Growth
How the business has been compounding
Revenue TTM
$314.66M
Revenue 5Y CAGR
-1.8%
EPS TTM
0.58
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$19.83M
Free CF TTM
$-1.30M
FCF margin
-0.4%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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