VSTS - Vestis Corporation
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$10.75
DETAILS
HIGH:
$14.00
LOW:
$7.50
MEDIAN:
$10.75
CONSENSUS:
$10.75
DOWNSIDE:
21.76%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 2,734.8 | 2,805.8 | 2,825.3 | 2,687.0 | 2,456.6 | 2,562.0 |
| Cost of Revenue | 2,010.1 | 1,989.9 | 1,970.2 | 1,909.7 | 1,765.6 | 1,814.0 |
| Gross Profit | 724.8 | 815.9 | 855.1 | 777.3 | 690.9 | 748.0 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 517.3 | 517.2 | 500.7 | 450.7 | 461.4 | 461.1 |
| Other Expenses | 143.0 | 140.8 | 136.5 | 134.4 | 133.3 | 137.2 |
| Operating Expenses | 660.3 | 658.0 | 637.2 | 585.1 | 594.7 | 598.3 |
| Operating Income | ||||||
| Operating Income | 64.4 | 158.0 | 217.9 | 192.2 | 96.2 | 149.7 |
| Interest Expense | 92.3 | 126.6 | 0.0 | 2.3 | 0 | 0.2 |
| Interest Income | 0 | 0 | 0 | 0 | 1.1 | 0 |
| Profitability | ||||||
| EBITDA | 191.0 | 299.4 | 408.3 | 328.9 | 230.7 | 286.9 |
| EBIT | 48.0 | 158.6 | 271.8 | 194.5 | 97.4 | 149.7 |
| Income Before Tax | (44.3) | 32.0 | 269.7 | 190.0 | 97.4 | 149.5 |
| Income Tax Expense | (4.1) | 11.1 | 56.6 | 48.3 | 23.1 | 37.9 |
| Net Income | (40.2) | 21.0 | 213.2 | 141.7 | 74.3 | 111.6 |
| Per Share Data | ||||||
| EPS (Basic) | -0.31 | 0.16 | 1.63 | 1.09 | 0.57 | 0.85 |
| EPS (Diluted) | -0.31 | 0.16 | 1.63 | 1.09 | 0.57 | 0.85 |
| Shares Outstanding | 131.8 | 131.5 | 130.7 | 129.9 | 131 | 131 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 29.7 | 31.0 | 36.1 | 23.7 | 41.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 162.3 | 177.3 | 392.9 | 368.7 | 317.3 |
| Inventory | 584.6 | 561.0 | 573.8 | 576.6 | 557.1 |
| Other Current Assets | 73.3 | 18.1 | 17.2 | 18.3 | 16.4 |
| Total Current Assets | 850.0 | 787.4 | 1,020.0 | 987.3 | 931.9 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 748.6 | 744.4 | 722.4 | 722.2 | 740.3 |
| Goodwill | 961.7 | 963.8 | 963.5 | 963.4 | 964.9 |
| Intangible Assets | 188.8 | 212.8 | 238.6 | 264.3 | 276.9 |
| Long-Term Investments | 0 | 0 | 0 | (39.6) | (42.3) |
| Other Non-Current Assets | 157.7 | 224.0 | 212.6 | 195.9 | 194.4 |
| Total Non-Current Assets | 2,056.9 | 2,145.0 | 2,137.2 | 2,145.7 | 2,176.5 |
| Total Assets | 2,906.9 | 2,932.4 | 3,157.1 | 3,133.0 | 3,108.4 |
| Current Liabilities | |||||
| Account Payables | 158.4 | 163.1 | 134.5 | 167.1 | 133.4 |
| Short-Term Debt | 0 | 0 | 26.2 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 241.8 | 0 | 0 | 0 |
| Total Current Liabilities | 409.0 | 456.1 | 395.5 | 402.2 | 383.3 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 1,155.1 | 1,147.7 | 1,462.7 | 0 | 0 |
| Deferred Tax Liabilities | 177.3 | 191.5 | 217.6 | 201.8 | 184.3 |
| Other Non-Current Liabilities | 91.7 | 52.6 | 270.2 | 52.4 | 70.9 |
| Total Non-Current Liabilities | 1,632.3 | 1,573.2 | 1,884.2 | 395.0 | 393.1 |
| Total Liabilities | 2,041.3 | 2,029.3 | 2,279.8 | 797.2 | 776.4 |
| Stockholders' Equity | |||||
| Common Stock | 1.3 | 1.3 | 908.5 | 2,367.5 | 2,343.6 |
| Retained Earnings | (46.9) | 2.6 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (26.3) | (28.9) | (31.2) | (31.7) | (11.6) |
| Total Stockholders' Equity | 865.6 | 903.1 | 877.4 | 2,335.8 | 2,332.0 |
| Total Liabilities & Equity | 2,906.9 | 2,932.4 | 3,157.1 | 3,133.0 | 3,108.4 |
| Debt Metrics | |||||
| Total Debt | 1,418.7 | 1,380.4 | 1,687.8 | 182.2 | 181.6 |
| Net Debt | 1,388.9 | 1,349.4 | 1,651.8 | 158.4 | 140.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (40.2) | 21.0 | 213.2 | 141.7 | 74.3 | 111.6 |
| Depreciation & Amortization | 143.0 | 140.8 | 136.5 | 134.4 | 133.3 | 137.2 |
| Stock-Based Compensation | 11.6 | 16.3 | 14.5 | 17.4 | 15.4 | 6.8 |
| Change in Working Capital | (43.6) | 302.7 | (77.4) | (107.4) | (12.5) | (11.3) |
| Other Non-Cash Items | 6.9 | 10.6 | (44.1) | 26.2 | 34.5 | 292.5 |
| Operating Cash Flow | 64.2 | 471.8 | 257.0 | 232.8 | 244.3 | 231.3 |
| Investing Activities | ||||||
| Capital Expenditure | (58.5) | (78.9) | (77.9) | (76.4) | (90.1) | (58.1) |
| Acquisitions | 37.7 | 0 | 51.9 | (17.2) | (15.8) | (12.0) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 51.9 | 0 | 0 | 0 |
| Other Investing Activities | 1.0 | 5.3 | (40.6) | 7.5 | 2.7 | 26.7 |
| Investing Cash Flow | (19.8) | (73.6) | (14.7) | (86.1) | (103.2) | (43.4) |
| Financing Activities | ||||||
| Net Debt Issuance | (28.5) | (370.1) | 1,472.4 | (28.0) | (29.9) | (32.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (13.8) | (19.9) | (1,688.9) | (134.5) | (95.6) | (143.0) |
| Other Financing Activities | (3.7) | (13.0) | (13.7) | (134.5) | (95.6) | 0 |
| Financing Cash Flow | (46.1) | (403.0) | (230.3) | (162.5) | (125.5) | (175.1) |
| Cash Position | ||||||
| Net Change in Cash | (1.3) | (5.0) | 12.3 | (17.4) | 16.8 | 12.9 |
| Cash at Beginning | 31.0 | 36.1 | 23.7 | 41.1 | 24.3 | 11.4 |
| Cash at End | 29.7 | 31.0 | 36.1 | 23.7 | 41.1 | 24.3 |
| Free Cash Flow | 5.8 | 392.9 | 179.1 | 156.4 | 154.2 | 173.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 2,734.8 | 2,805.8 | 2,825.3 | 2,687.0 | 2,456.6 | 2,562.0 |
| Gross Profit | 724.8 | 815.9 | 855.1 | 777.3 | 690.9 | 748.0 |
| Operating Income | 64.4 | 158.0 | 217.9 | 192.2 | 96.2 | 149.7 |
| Net Income | (40.2) | 21.0 | 213.2 | 141.7 | 74.3 | 111.6 |
| EPS (Diluted) | -0.31 | 0.16 | 1.63 | 1.09 | 0.57 | 0.85 |
| Balance Sheet | ||||||
| Cash & Equivalents | 29.7 | 31.0 | 36.1 | 23.7 | 41.1 | |
| Total Assets | 2,906.9 | 2,932.4 | 3,157.1 | 3,133.0 | 3,108.4 | |
| Total Debt | 1,418.7 | 1,380.4 | 1,687.8 | 182.2 | 181.6 | |
| Stockholders' Equity | 865.6 | 903.1 | 877.4 | 2,335.8 | 2,332.0 | |
| Cash Flow | ||||||
| Operating Cash Flow | 64.2 | 471.8 | 257.0 | 232.8 | 244.3 | 231.3 |
| Capital Expenditure | (58.5) | (78.9) | (77.9) | (76.4) | (90.1) | (58.1) |
| Free Cash Flow | 5.8 | 392.9 | 179.1 | 156.4 | 154.2 | 173.2 |