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VSTS Stock Risk & Deep Value Analysis

Vestis Corp

Industrials • Rental & Leasing Services

DVR Score

1.8

out of 10

Distressed

What You Need to Know About VSTS Stock

We analyzed Vestis Corp using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran VSTS through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Aggressive. Here's what we found.

Updated May 3, 2026Run Fresh Analysis →

VSTS Risk Analysis & Red Flags

What Could Go Wrong

Vestis Corp could continue to experience revenue declines, leading to further net losses and an inability to significantly reduce its substantial debt load, which stands at an estimated 3.33x leverage. If market sentiment shifts to reflect a low-growth, debt-laden business, the stock could reprice to analyst targets, implying a 30-40% downside from current levels.

Risk Matrix

Overall

Aggressive

Financial

High

Market

Low

Competitive

Medium

Execution

Medium

Regulatory

Low

Red Flags

  • Declining year-over-year revenue (-3% in Q1 2026)

  • Negative net income (-$6.4M in Q1 2026)

  • High debt-to-equity ratio (1.48) and significant leverage (3.33x)

  • Analyst consensus 'Strong Sell' with median price target ($5.88) significantly below current price

  • No clear path to high growth or market disruption

Upcoming Risk Events

  • 📅

    Failure to meet Q2 2026 earnings expectations (EPS $0.09, revenue $655.32M)

  • 📅

    Continued year-over-year revenue decline

  • 📅

    Rising interest rates increasing debt servicing costs

When to Reconsider

  • 🚪

    Exit if quarterly revenue accelerates its decline (e.g., >5% YoY drop)

  • 🚪

    Sell if free cash flow turns negative again for two consecutive quarters

  • 🚪

    Exit if the stock breaks decisively below its 200-day moving average ($6.80)

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What Does Vestis Corp (VSTS) Do?

Market Cap

$1.28B

Sector

Industrials

Industry

Rental & Leasing Services

Employees

19,600

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.

Visit Vestis Corp Website

Investment Thesis

Vestis Corp is a stable, mature business focused on operational efficiency and debt reduction post-spin-off. While it generates positive free cash flow, its fundamental lack of exposure to high-growth markets, declining revenue, and significant debt burden limit its potential for 10x growth. The investment thesis is bearish, as the company is overvalued relative to its growth prospects and faces strong negative analyst sentiment.

Is VSTS Stock Undervalued?

Vestis Corp operates in a mature, low-growth industry, fundamentally lacking the disruptive innovation or scalable business model required for 10x growth within 3-5 years. While Q1 2026 saw significant positive free cash flow generation and improved operating cash flow, enhancing financial stability, this primarily supports debt reduction and operational efficiency rather than exponential expansion. Revenue continues to decline YoY, and analysts maintain a 'Strong Sell' rating with price targets significantly below the current share price. The company's competitive advantages (route density, customer stickiness) are strong for stability but do not drive rapid market share gains or high-growth catalysts. Valuation appears stretched given the negative net income and revenue trajectory.

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VSTS Price Targets & Strategy

12-Month Target

$6.50

Bull Case

$7.50

Bear Case

$4.50

Valuation Basis

Based on a conservative 6.5x multiple of the FY2026 Adjusted EBITDA midpoint ($300M), minus ~$1.0B in estimated net debt, divided by ~132M shares outstanding.

Entry Strategy

Given the 'Strong Sell' consensus and significant downside from the current price, new entry is not recommended. For existing holders, consider scaling out on any rallies towards current levels or if the stock breaks below its 50-day moving average ($8.01).

Exit Strategy

Take profit/reduce exposure if the stock approaches current levels ($9.71) due to market irrationality. Set a stop loss below the 200-day moving average ($6.80) as a breach would indicate further downside.

Portfolio Allocation

0% for aggressive/moderate risk tolerance. Not suitable for a growth-oriented portfolio aiming for 10x returns.

Price Targets & Strategy

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Is VSTS Financially Healthy?

Valuation

P/E Ratio

-27.55

Forward P/E

15.16

EV/EBITDA

5.23

PEG Ratio

14.85

Price/Book

1.03

Price/Sales

0.33

Profitability

Gross Margin

26.06%

Operating Margin

1.86%

Net Margin

-1.75%

Return on Equity

-5.44%

Revenue Growth

-2.53%

EPS

$-0.36

Balance Sheet

Current Ratio

2.08

Quick Ratio

1.64

Debt/Equity

1.53

Total Debt

$1.43B

Cash & Equivalents

$873.00M

Cash Flow

Operating Cash Flow

$152.00M

Free Cash Flow

$5.73M

EBITDA

$226.13M

Other

Beta (Volatility)

1.01

Dividend Yield

1.04%

Does VSTS Have a Competitive Moat?

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Moat Rating

🛡️ Narrow

Moat Trend

Stable

Moat Sources

3 Identified

Switching CostsCost AdvantagesEfficient Scale

Vestis benefits from inherent structural moats in the uniform and facility services industry. Customers face switching costs due to contract complexities, logistics, and established service relationships. The extensive route density allows for cost advantages. These moats provide a defensible business but do not facilitate rapid growth or disruption.

Moat Erosion Risks

  • Intensified price competition from larger players or new entrants
  • Technological advancements making current service models less efficient or desirable
  • Economic downturn reducing demand for uniform and facility services

VSTS Competitive Moat Analysis

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VSTS Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Neutral (Limited retail enthusiasm given mature industry)

Institutional Sentiment

Negative (Strong Sell consensus from analysts; updated target ~$7.81, down from $8.18).

Insider Activity (Form 4)

No specific Form 4 filings reported for buys/sells by named insiders, including CEO/CFO, in available data for the last 90 days.

Options Flow

Normal options activity (No specific unusual options activity reported in the research brief).

Earnings Intelligence

Next Earnings

2026-05-12

Surprise Probability

Medium

Historical Earnings Pattern

Q1 2026 EPS beat resulted in a modest +3% stock rally, suggesting the market reacts positively to better-than-expected profitability but may be tempered by revenue misses.

Key Metrics to Watch

Revenue trend (YoY and sequential)Free cash flow generation (reaffirmed FY2026 FCF guidance $50-$60M)Updated FY2026 guidance and commentary on debt reduction

Competitive Position

Top Competitor

Aramark (ARMK)

Market Share Trend

Stable (No recent market share shifts reported; industry is mature and established).

Valuation vs Peers

Vestis Corp is currently trading at an EV/EBITDA multiple (approx. 7.6x based on FY26 Adj. EBITDA midpoint) that appears stretched relative to its declining revenue and negative net income, often trading at a discount to peers like Aramark which generally exhibit more stable growth and profitability.

Competitive Advantages

  • Route density and operational efficiency
  • Customer stickiness and long-term contracts (high switching costs)
  • Established brand and service network

Market Intelligence

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What Could Drive VSTS Stock Higher?

Near-Term (0-6 months)

  • Q2 2026 Earnings Report (May 12, 2026)
  • Continued operational efficiency improvements

Medium-Term (6-18 months)

  • Further debt reduction below 3.0x leverage target
  • Stabilization of revenue trends

Long-Term (18+ months)

  • No clear long-term 10x growth catalysts identified
  • Potential industry consolidation (as an acquirer or target, highly speculative)

Catalysts & Growth Drivers

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What's the Bull Case for VSTS?

  • Sustained acceleration in revenue growth (indicating a market pivot or new strategy)

  • Significant reduction in total debt and leverage ratio (improving financial flexibility)

Bull Case Analysis

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Competing with VSTS

See how Vestis Corp compares to related companies

CompanyMarket CapDVR ScoreP/ERevenueProfit MarginRev Growth

Vestis Corp

VSTS

$1.3B1.8-27.6$2.7B-1.8%-2.5%

Caterpillar Inc

CAT

$407.0B0.145.8$64.8B13.1%4.3%Compare →

General Electric Co

GE

$306.2B0.135.9$45.9B20.0%18.0%Compare →

Honeywell International Inc

HON

$134.7B1.529.8$37.4B11.4%3.6%Compare →

RTX Corp

RTX

0.15.0$88.6B7.6%0.0%Compare →

United Parcel Service Inc

UPS

$81.3B0.114.3Compare →

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How Vestis Corp Makes Money

Vestis Corp provides uniform rental and facility services to a diverse range of businesses across North America. This includes renting out uniforms, dust mats, and other textile products, as well as providing related cleaning and maintenance services. They also offer direct sales of these products. Their business model relies on maintaining long-term customer contracts and optimizing their route-based service delivery to achieve operational efficiency.

Read Full Business Model Breakdown

FAQ

What is the DVR Score for Vestis Corp (VSTS)?

As of May 3, 2026, Vestis Corp has a DVR Score of 1.8 out of 10, placing it in the "Distressed" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Vestis Corp?

Vestis Corp's market capitalization is approximately $1.3B. The company operates in the Industrials sector within the Rental & Leasing Services industry.

What ticker symbol does Vestis Corp use?

VSTS is the ticker symbol for Vestis Corp. The company trades on the NYQ.

What is the risk level for VSTS stock?

Our analysis rates Vestis Corp's overall risk as Aggressive. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

What is the P/E ratio of VSTS?

Vestis Corp currently has a price-to-earnings (P/E) ratio of -27.6. This is below the market average, which could indicate the stock is undervalued or facing headwinds.

Does Vestis Corp pay a dividend?

Yes, Vestis Corp pays a dividend with a current yield of approximately 1.04%.

Is Vestis Corp's revenue growing?

Vestis Corp has reported revenue growth of -2.5%. Revenue has been declining, which warrants closer examination.

Is VSTS stock profitable?

Vestis Corp has a profit margin of -1.8%. The company is currently unprofitable.

How often is the VSTS DVR analysis updated?

Our AI-powered analysis of Vestis Corp is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on May 3, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for VSTS (Vestis Corp) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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