| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 46.00 | 52 |
| Intrinsic value (DCF) | 13.73 | -55 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 13.40 | -56 |
Van de Velde NV is a Belgium-based luxury lingerie and swimwear company with a rich heritage dating back to 1919. Specializing in high-end women's fashion, the company operates through two key segments: Wholesale and Retail. Its premium brands, including PrimaDonna, Marie Jo, Andres Sarda, and Lingerie Styling, cater to a discerning global clientele. Van de Velde NV also owns and operates e-commerce platforms such as Rigby & Peller, Lincherie, Andres Sarda, and PrimaDonna, alongside a network of specialized boutiques and department stores. As a subsidiary of Van de Velde Holding NV, the company maintains a strong presence in the luxury apparel sector, combining craftsmanship with modern retail strategies. With a focus on quality and innovation, Van de Velde NV continues to be a leader in the competitive lingerie and swimwear market.
Van de Velde NV presents a stable investment opportunity within the luxury apparel sector, supported by its strong brand portfolio and diversified distribution channels. The company's low beta (0.325) suggests lower volatility compared to the broader market, appealing to risk-averse investors. With a market capitalization of €424 million and solid financials—including €206 million in revenue and €32 million in net income—Van de Velde demonstrates consistent profitability. The company also maintains a healthy balance sheet, with €58.9 million in cash and modest debt (€10.7 million). A dividend yield of approximately 4% (€1.68 per share) adds to its attractiveness. However, its niche focus on luxury lingerie and swimwear may limit growth potential in broader apparel markets.
Van de Velde NV holds a competitive edge in the luxury lingerie and swimwear segment through its well-established brands (PrimaDonna, Marie Jo) and direct-to-consumer retail channels. The company's vertical integration—from design to retail—ensures quality control and higher margins. Its e-commerce platforms and boutique partnerships enhance brand exclusivity while expanding global reach. However, the luxury lingerie market is highly competitive, with rivals leveraging larger marketing budgets and broader product lines. Van de Velde's focus on premium positioning limits mass-market scalability, though it mitigates risks associated with fast-fashion competition. The company's financial stability and low debt provide resilience, but growth may depend on expanding into emerging markets or digital sales further. Its Belgian heritage and craftsmanship reputation differentiate it from fast-fashion competitors, but maintaining relevance amid shifting consumer preferences remains a challenge.