Vipshop Holdings Limited American Depositary Shares each representing two ordinary shares (VIPS)

FairStock Score: 73/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses selling below intrinsic value with durable economics. Vipshop is an established Chinese online discount retailer operating Vip.com and Shan Shan Outlets. In fiscal Q2 2026, it reported revenue of $24.7B and net income of $4.3B, a 17.43% net margin. Return on equity is 23.51%, debt/equity is 0.24, and the dividend yield is 5.04%, so the balance sheet and capital returns look respectable. Yet the provided growth figures show revenue growth of -2.26% and profit growth of 5.83%, so this is not a fast grower; it looks more mature. The moat is questionable: Chinese internet retail is competitive, fashion inventory carries risk, and ROCE of 6.30% is modest even though ROE is high. At the 2026-10-13 close of $12.88, FairStock calculations give a P/E of 4.15, P/B of 1.02, PEG of 0.71, and a Graham Number of $181.65, implying a 92.91% margin of safety. The EV/EBITDA calculation is -0.74. But cheapness alone is not enough. Piotroski is 4/9 and Altman Z-Score is 0.59, both warning that financial quality is not pristine. FairStock's score is 73/100, and it assigns no Lynch category because only 0 years of filed results are available, needing 3. I would need to see revenue stabilize and cash returns persist before treating this as a classic Graham bargain.

In plain English: Vipshop is an online discount retailer in China selling clothes, cosmetics, home goods and more through Vip.com and Shan Shan Outlets. In its latest reported quarter, it earned a healthy profit on large sales, and it carries little debt, but sales have recently slipped. The stock price looks low compared with its profits and dividend, though the low price may reflect worries about growth and financial risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer