Victoria's Secret & Co (VSCO) - Net Assets
Based on the latest financial reports, Victoria's Secret & Co (VSCO) has net assets worth $845.00 Million USD as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.77 Billion) and total liabilities ($3.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Victoria's Secret & Co's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $845.00 Million |
| % of Total Assets | 17.71% |
| Annual Growth Rate | -5.94% |
| 5-Year Change | 254.09% |
| 10-Year Change | N/A |
| Growth Volatility | 46.43 |
Victoria's Secret & Co - Net Assets Trend (2020–2026)
This chart illustrates how Victoria's Secret & Co's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VSCO market cap.
Annual Net Assets for Victoria's Secret & Co (2020–2026)
The table below shows the annual net assets of Victoria's Secret & Co from 2020 to 2026. Also explore net asset momentum of Victoria's Secret & Co to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $910.00 Million | +37.05% |
| 2025-01-31 | $664.00 Million | +51.60% |
| 2024-01-31 | $438.00 Million | +9.23% |
| 2023-01-31 | $401.00 Million | +56.03% |
| 2022-01-31 | $257.00 Million | -71.16% |
| 2021-01-31 | $891.00 Million | -32.19% |
| 2020-01-31 | $1.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victoria's Secret & Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 50400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $504.00 Million | 58.88% |
| Common Stock | $1.00 Million | 0.12% |
| Other Comprehensive Income | $6.00 Million | 0.70% |
| Other Components | $345.00 Million | 40.30% |
| Total Equity | $856.00 Million | 100.00% |
Victoria's Secret & Co Competitors by Market Cap
The table below lists competitors of Victoria's Secret & Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
$4.31 Billion |
|
Hanmi Pharm Co Ltd
KO:128940
|
$4.31 Billion |
|
Brunswick Corporation
NYSE:BC
|
$4.31 Billion |
|
Ecovacs Robotics Co Ltd
SHG:603486
|
$4.32 Billion |
|
LivaNova PLC
NASDAQ:LIVN
|
$4.31 Billion |
|
GF Securities Co. Ltd
F:9GF
|
$4.31 Billion |
|
Shan Dong Dong-E E-Jiao Co Ltd
SHE:000423
|
$4.31 Billion |
|
Grupo Aeroportuario del Centro Norte S.A.B. de C.V
MX:OMAB
|
$4.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victoria's Secret & Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 640,000,000 to 856,000,000, a change of 216,000,000 (33.8%).
- Net income of 160,858,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 7,000,000.
- Other factors increased equity by 48,142,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $160.86 Million | +18.79% |
| Other Comprehensive Income | $7.00 Million | +0.82% |
| Other Changes | $48.14 Million | +5.62% |
| Total Change | $- | 33.75% |
Book Value vs Market Value Analysis
This analysis compares Victoria's Secret & Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.94x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.69x to 7.94x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-01-31 | $14.33 | $81.45 | x |
| 2021-01-31 | $9.73 | $81.45 | x |
| 2022-01-31 | $2.86 | $81.45 | x |
| 2023-01-31 | $4.56 | $81.45 | x |
| 2024-01-31 | $5.28 | $81.45 | x |
| 2025-01-31 | $7.93 | $81.45 | x |
| 2026-01-31 | $10.26 | $81.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victoria's Secret & Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.45%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 5.86x
- Recent ROE (18.79%) is below the historical average (48.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -68.37% | -11.95% | 1.42x | 4.02x | $-1.03 Billion |
| 2021 | -8.08% | -1.33% | 1.28x | 4.75x | $-161.10 Million |
| 2022 | 251.36% | 9.52% | 1.56x | 16.90x | $620.30 Million |
| 2023 | 90.86% | 5.49% | 1.35x | 12.30x | $309.70 Million |
| 2024 | 26.14% | 1.76% | 1.34x | 11.03x | $67.30 Million |
| 2025 | 25.78% | 2.65% | 1.37x | 7.08x | $101.00 Million |
| 2026 | 18.79% | 2.45% | 1.31x | 5.86x | $75.26 Million |
Industry Comparison
This section compares Victoria's Secret & Co's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $589,007,300
- Average return on equity (ROE) among peers: 18.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victoria's Secret & Co (VSCO) | $845.00 Million | -68.37% | 4.64x | $4.31 Billion |
| American Eagle Outfitters Inc (AEO) | $1.58 Billion | 10.71% | 0.35x | $2.59 Billion |
| AKA Brands Holding Corp (AKA) | $112.04 Million | 1.24% | 0.30x | $95.78 Million |
| Abercrombie & Fitch Company (ANF) | $871.26 Million | 23.51% | 0.38x | $5.00 Billion |
| Allbirds Inc (BIRD) | $-9.12 Million | 0.00% | 0.00x | $13.38 Million |
| Buckle Inc (BKE) | $361.93 Million | 44.92% | 0.51x | $2.15 Billion |
| Boot Barn Holdings Inc (BOOT) | $1.13 Billion | 16.00% | 0.78x | $3.93 Billion |
| BrilliA Inc (BRIA) | $18.07 Million | 15.58% | 0.57x | $40.75 Million |
| Burlington Stores Inc (BURL) | $996.93 Million | 34.07% | 6.73x | $14.95 Billion |
| Caleres Inc (CAL) | $567.57 Million | 28.87% | 2.18x | $429.61 Million |
| Cato Corporation (CATO) | $261.81 Million | 12.85% | 0.66x | $44.83 Million |
About Victoria's Secret & Co
Victoria's Secret & Co. operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. The company offers bras, panties, lingerie, casual sleepwear, apparel, lounge, sport, and swim products, as well as prestige fragrances and body care products; and accessories and beauty products under the Victoria's Secret, PINK, and Adore Me brands. It provides its prod… Read more