Qvc Group, Inc. (QVCGQ) intrinsic value & 10-year financials
Qvc Group, Inc. (QVCGQ) has a Graham intrinsic value of $3.79 per share. Over the last 10 fiscal years revenue shrank 1.6% a year to $9.2B, with an average return on invested capital of -9.8%.
- Graham intrinsic value
- $3.79
- Revenue (FY2025)
- $9.2B
- Revenue growth (10-yr CAGR)
- -1.6%
- ROIC (10-yr avg)
- -9.8%
- Free cash flow (FY2025)
- $118.0M
QVCGQ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $9.2B | -$2.4B | -$302.97 | $118.0M | -22.7% | -100.4% |
| FY2024 | $10.0B | -$1.3B | -$3.26 | $326.0M | -8.1% | -20.4% |
| FY2023 | $10.9B | -$145.0M | -$0.37 | $689.0M | 5.4% | 6.0% |
| FY2022 | $12.1B | -$2.6B | -$6.83 | -$74.0M | -16.9% | -30.0% |
| FY2021 | $14.0B | $340.0M | $0.82 | $981.0M | 7.7% | 7.9% |
| FY2020 | $14.2B | $1.2B | $2.86 | $2.2B | 11.1% | 16.6% |
| FY2019 | $13.5B | -$456.0M | -$1.08 | $959.0M | 1.4% | 1.2% |
| FY2018 | $14.1B | $916.0M | — | $998.0M | 9.4% | 9.0% |
| FY2017 | $10.4B | $2.4B | — | $536.0M | 10.0% | 7.0% |
| FY2016 | $10.6B | $1.2B | — | $1.2B | 9.1% | 5.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
QVC Group, Inc. is facing top-line stagnation, with revenue contracting over the decade.
QVC Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -9.8% ROIC.
Over the decade, QVC Group, Inc. shows that management has aggressively returned capital to shareholders by retiring 98.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, QVC Group, Inc. is modeled at -1.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.79 per share.