Financials Gildan Activewear Inc.

Equities

GIL

CA3759161035

Apparel & Accessories

Delayed Toronto S.E. 10:24:58 2024-04-17 am EDT 5-day change 1st Jan Change
48.96 CAD -1.53% Intraday chart for Gildan Activewear Inc. -1.27% +13.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,888 5,544 8,231 4,910 5,631 6,064 - -
Enterprise Value (EV) 1 6,751 6,121 8,761 5,540 5,631 6,865 6,757 6,526
P/E ratio 23.3 x -24.5 x 13.8 x 9.33 x 10.9 x 12.1 x 11.4 x 10.7 x
Yield 1.88% 0.55% 1.09% - - 2.29% 2.5% 2.57%
Capitalization / Revenue 2.09 x 2.8 x 2.82 x 1.52 x 1.76 x 1.86 x 1.78 x 1.78 x
EV / Revenue 2.39 x 3.09 x 3 x 1.71 x 1.76 x 2.1 x 1.99 x 1.92 x
EV / EBITDA 12.3 x 37.1 x 12.1 x 7.25 x 8.35 x 8.48 x 8.03 x 7.99 x
EV / FCF 29.1 x 17.2 x 17.9 x 31.8 x - 14.7 x 13.5 x 12.1 x
FCF Yield 3.44% 5.83% 5.59% 3.15% - 6.78% 7.42% 8.25%
Price to Book 3.2 x 3.55 x 4.25 x 2.61 x - 3.03 x 2.78 x 2.48 x
Nbr of stocks (in thousands) 199,374 198,406 194,051 179,561 170,357 168,581 - -
Reference price 2 29.53 27.94 42.42 27.35 33.05 35.97 35.97 35.97
Announcement Date 2/20/20 2/25/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,824 1,981 2,923 3,240 3,196 3,265 3,403 3,400
EBITDA 1 548.1 165.1 726.8 764.2 674.5 809.8 841.2 817.1
EBIT 1 391.3 18 591.4 639.3 552.9 678.7 702.8 679
Operating Margin 13.86% 0.91% 20.24% 19.73% 17.3% 20.79% 20.65% 19.97%
Earnings before Tax (EBT) 1 249.8 -229.4 624.6 566.4 564.2 598.5 592 586.6
Net income 1 259.8 -225.3 607.2 541.5 533.6 494.9 518.1 533.9
Net margin 9.2% -11.37% 20.78% 16.71% 16.7% 15.16% 15.23% 15.71%
EPS 2 1.270 -1.140 3.070 2.930 3.030 2.961 3.167 3.348
Free Cash Flow 1 232.4 356.7 490.1 174.4 - 465.7 501.6 538.7
FCF margin 8.23% 18% 16.77% 5.38% - 14.27% 14.74% 15.84%
FCF Conversion (EBITDA) 42.39% 216.05% 67.43% 22.82% - 57.51% 59.64% 65.93%
FCF Conversion (Net income) 89.43% - 80.71% 32.2% - 94.09% 96.82% 100.89%
Dividend per Share 2 0.5560 0.1540 0.4620 - - 0.8237 0.8978 0.9242
Announcement Date 2/20/20 2/25/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 801.6 784.3 774.9 895.6 850 720 702.9 840.4 869.9 782.7 695 863.9 902.4 806.2 702.8
EBITDA 1 206.7 189.9 191.6 207.9 201 163.6 130.4 170.3 188.3 185.3 158.7 219.3 229.3 202 170.9
EBIT 1 172.4 160.3 158.1 175.6 170 135.6 102.5 138.7 157 154.5 126.7 186.7 196.8 171.2 131
Operating Margin 21.51% 20.44% 20.4% 19.61% 20% 18.83% 14.58% 16.5% 18.05% 19.74% 18.44% 21.61% 21.81% 21.23% 18.64%
Earnings before Tax (EBT) 1 196 172.4 155.2 166.6 165.3 79.35 111 162 134.3 156.9 105.5 171.9 175.4 145.7 -
Net income 1 188.3 173.9 146.4 158.2 153 83.9 97.6 155.3 127.4 153.3 86.09 140.3 145.1 123.5 101.3
Net margin 23.49% 22.17% 18.89% 17.66% 18% 11.65% 13.89% 18.48% 14.65% 19.59% 12.53% 16.24% 16.08% 15.32% 14.41%
EPS 2 0.9500 0.8900 0.7700 0.8500 0.8400 0.4700 0.5400 0.8700 0.7300 0.8900 0.5061 0.8344 0.8754 0.7516 0.6346
Dividend per Share 2 0.1540 0.1540 0.1690 0.1690 0.1690 - - 0.1860 0.1860 - 0.2070 0.2070 0.2070 0.2070 0.2163
Announcement Date 11/4/21 2/23/22 5/4/22 8/4/22 11/3/22 2/22/23 5/3/23 8/3/23 11/2/23 2/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 862 577 530 630 - 802 694 463
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.573 x 3.496 x 0.729 x 0.8238 x - 0.99 x 0.8248 x 0.5661 x
Free Cash Flow 1 232 357 490 174 - 466 502 539
ROE (net income / shareholders' equity) 18% -13.3% 34.9% 28.5% - 24.6% 24.7% 23.1%
ROA (Net income/ Total Assets) 8.36% -7.23% 19.7% 16.5% - 14.1% 14% 13.4%
Assets 1 3,108 3,116 3,079 3,288 - 3,510 3,710 3,984
Book Value Per Share 2 9.220 7.860 9.980 10.50 - 11.90 13.00 14.50
Cash Flow per Share 2 1.760 2.090 3.130 2.240 - 3.680 4.420 4.490
Capex 1 129 58.3 127 239 - 164 170 170
Capex / Sales 4.56% 2.94% 4.36% 7.38% - 5.03% 4.99% 5%
Announcement Date 2/20/20 2/25/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
35.97 USD
Average target price
39.22 USD
Spread / Average Target
+9.04%
Consensus
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  4. Financials Gildan Activewear Inc.