Intrinsic value of Gildan Activewear Inc. - GIL

Previous Close

$38.08

  Intrinsic Value

$2.77

stock screener

  Rating & Target

str. sell

-93%

  Value-price divergence*

+27%

Previous close

$38.08

 
Intrinsic value

$2.77

 
Up/down potential

-93%

 
Rating

str. sell

 
Value-price divergence*

+27%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GIL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 8.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -12.63
  12.10
  11.39
  10.75
  10.18
  9.66
  9.19
  8.77
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.80
  6.62
  6.46
  6.32
  6.18
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.33
Revenue, $m
  3,493
  3,916
  4,362
  4,831
  5,322
  5,836
  6,373
  6,932
  7,514
  8,119
  8,748
  9,402
  10,082
  10,788
  11,522
  12,286
  13,079
  13,905
  14,765
  15,661
  16,594
  17,567
  18,582
  19,641
  20,747
  21,902
  23,108
  24,370
  25,689
  27,069
  28,513
Variable operating expenses, $m
 
  3,478
  3,871
  4,284
  4,717
  5,170
  5,643
  6,135
  6,648
  7,182
  7,736
  8,285
  8,884
  9,506
  10,153
  10,826
  11,525
  12,253
  13,011
  13,800
  14,623
  15,480
  16,374
  17,307
  18,282
  19,299
  20,363
  21,474
  22,637
  23,852
  25,125
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,991
  3,478
  3,871
  4,284
  4,717
  5,170
  5,643
  6,135
  6,648
  7,182
  7,736
  8,285
  8,884
  9,506
  10,153
  10,826
  11,525
  12,253
  13,011
  13,800
  14,623
  15,480
  16,374
  17,307
  18,282
  19,299
  20,363
  21,474
  22,637
  23,852
  25,125
Operating income, $m
  502
  438
  491
  547
  605
  666
  730
  796
  865
  937
  1,012
  1,117
  1,198
  1,282
  1,369
  1,460
  1,554
  1,652
  1,754
  1,861
  1,972
  2,087
  2,208
  2,334
  2,465
  2,602
  2,746
  2,895
  3,052
  3,216
  3,388
EBITDA, $m
  692
  652
  726
  804
  886
  972
  1,061
  1,154
  1,251
  1,352
  1,457
  1,566
  1,679
  1,797
  1,919
  2,046
  2,178
  2,316
  2,459
  2,608
  2,764
  2,926
  3,095
  3,271
  3,455
  3,647
  3,848
  4,058
  4,278
  4,508
  4,748
Interest expense (income), $m
  14
  28
  33
  39
  44
  50
  56
  62
  69
  76
  83
  90
  98
  106
  114
  123
  132
  141
  151
  161
  172
  183
  194
  206
  219
  232
  245
  260
  274
  290
  306
Earnings before tax, $m
  475
  410
  458
  508
  561
  616
  674
  734
  797
  862
  929
  1,027
  1,100
  1,176
  1,255
  1,337
  1,422
  1,511
  1,603
  1,700
  1,800
  1,904
  2,014
  2,127
  2,246
  2,370
  2,500
  2,636
  2,778
  2,926
  3,081
Tax expense, $m
  7
  111
  124
  137
  151
  166
  182
  198
  215
  233
  251
  277
  297
  317
  339
  361
  384
  408
  433
  459
  486
  514
  544
  574
  607
  640
  675
  712
  750
  790
  832
Net income, $m
  468
  299
  334
  371
  409
  450
  492
  536
  581
  629
  678
  750
  803
  858
  916
  976
  1,038
  1,103
  1,170
  1,241
  1,314
  1,390
  1,470
  1,553
  1,640
  1,730
  1,825
  1,924
  2,028
  2,136
  2,249

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  52
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,040
  4,470
  4,979
  5,514
  6,075
  6,662
  7,275
  7,913
  8,577
  9,268
  9,987
  10,733
  11,509
  12,315
  13,153
  14,025
  14,931
  15,874
  16,855
  17,878
  18,943
  20,054
  21,212
  22,421
  23,683
  25,002
  26,379
  27,819
  29,325
  30,900
  32,549
Adjusted assets (=assets-cash), $m
  3,988
  4,470
  4,979
  5,514
  6,075
  6,662
  7,275
  7,913
  8,577
  9,268
  9,987
  10,733
  11,509
  12,315
  13,153
  14,025
  14,931
  15,874
  16,855
  17,878
  18,943
  20,054
  21,212
  22,421
  23,683
  25,002
  26,379
  27,819
  29,325
  30,900
  32,549
Revenue / Adjusted assets
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
Average production assets, $m
  1,900
  2,130
  2,373
  2,628
  2,895
  3,175
  3,467
  3,771
  4,087
  4,417
  4,759
  5,115
  5,485
  5,869
  6,268
  6,683
  7,115
  7,565
  8,032
  8,520
  9,027
  9,557
  10,109
  10,685
  11,286
  11,914
  12,571
  13,257
  13,975
  14,725
  15,511
Working capital, $m
  1,492
  1,613
  1,797
  1,990
  2,193
  2,404
  2,626
  2,856
  3,096
  3,345
  3,604
  3,874
  4,154
  4,445
  4,747
  5,062
  5,389
  5,729
  6,083
  6,452
  6,837
  7,238
  7,656
  8,092
  8,548
  9,023
  9,521
  10,040
  10,584
  11,152
  11,747
Total debt, $m
  811
  954
  1,104
  1,262
  1,427
  1,600
  1,781
  1,969
  2,165
  2,369
  2,581
  2,801
  3,030
  3,268
  3,515
  3,772
  4,040
  4,318
  4,607
  4,909
  5,223
  5,551
  5,893
  6,249
  6,622
  7,011
  7,417
  7,842
  8,286
  8,751
  9,237
Total liabilities, $m
  1,176
  1,319
  1,469
  1,627
  1,792
  1,965
  2,146
  2,334
  2,530
  2,734
  2,946
  3,166
  3,395
  3,633
  3,880
  4,137
  4,405
  4,683
  4,972
  5,274
  5,588
  5,916
  6,258
  6,614
  6,987
  7,376
  7,782
  8,207
  8,651
  9,116
  9,602
Total equity, $m
  2,864
  3,151
  3,510
  3,888
  4,283
  4,697
  5,129
  5,579
  6,047
  6,534
  7,041
  7,567
  8,114
  8,682
  9,273
  9,887
  10,526
  11,191
  11,883
  12,604
  13,355
  14,138
  14,955
  15,807
  16,697
  17,626
  18,597
  19,613
  20,674
  21,785
  22,947
Total liabilities and equity, $m
  4,040
  4,470
  4,979
  5,515
  6,075
  6,662
  7,275
  7,913
  8,577
  9,268
  9,987
  10,733
  11,509
  12,315
  13,153
  14,024
  14,931
  15,874
  16,855
  17,878
  18,943
  20,054
  21,213
  22,421
  23,684
  25,002
  26,379
  27,820
  29,325
  30,901
  32,549
Debt-to-equity ratio
  0.283
  0.300
  0.310
  0.320
  0.330
  0.340
  0.350
  0.350
  0.360
  0.360
  0.370
  0.370
  0.370
  0.380
  0.380
  0.380
  0.380
  0.390
  0.390
  0.390
  0.390
  0.390
  0.390
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
Adjusted equity ratio
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705
  0.705

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  468
  299
  334
  371
  409
  450
  492
  536
  581
  629
  678
  750
  803
  858
  916
  976
  1,038
  1,103
  1,170
  1,241
  1,314
  1,390
  1,470
  1,553
  1,640
  1,730
  1,825
  1,924
  2,028
  2,136
  2,249
Depreciation, amort., depletion, $m
  190
  214
  235
  258
  281
  306
  331
  358
  386
  415
  445
  449
  481
  515
  550
  586
  624
  664
  705
  747
  792
  838
  887
  937
  990
  1,045
  1,103
  1,163
  1,226
  1,292
  1,361
Funds from operations, $m
  771
  513
  569
  629
  691
  756
  823
  894
  967
  1,044
  1,123
  1,198
  1,284
  1,373
  1,466
  1,562
  1,662
  1,766
  1,875
  1,988
  2,106
  2,229
  2,357
  2,490
  2,630
  2,776
  2,928
  3,087
  3,254
  3,428
  3,610
Change in working capital, $m
  44
  174
  184
  193
  203
  212
  221
  230
  240
  249
  259
  269
  280
  291
  302
  314
  327
  340
  354
  369
  385
  401
  418
  436
  456
  476
  497
  520
  543
  569
  595
Cash from operations, $m
  727
  339
  386
  435
  488
  544
  602
  664
  728
  794
  864
  929
  1,004
  1,082
  1,163
  1,248
  1,335
  1,426
  1,521
  1,619
  1,721
  1,828
  1,939
  2,054
  2,174
  2,300
  2,431
  2,567
  2,710
  2,859
  3,015
Maintenance CAPEX, $m
  0
  -167
  -187
  -208
  -231
  -254
  -278
  -304
  -331
  -359
  -387
  -417
  -449
  -481
  -515
  -550
  -586
  -624
  -664
  -705
  -747
  -792
  -838
  -887
  -937
  -990
  -1,045
  -1,103
  -1,163
  -1,226
  -1,292
New CAPEX, $m
  -189
  -230
  -243
  -255
  -267
  -280
  -292
  -304
  -317
  -329
  -342
  -356
  -370
  -384
  -399
  -415
  -432
  -449
  -468
  -487
  -508
  -529
  -552
  -576
  -601
  -628
  -656
  -686
  -718
  -751
  -786
Cash from investing activities, $m
  -410
  -397
  -430
  -463
  -498
  -534
  -570
  -608
  -648
  -688
  -729
  -773
  -819
  -865
  -914
  -965
  -1,018
  -1,073
  -1,132
  -1,192
  -1,255
  -1,321
  -1,390
  -1,463
  -1,538
  -1,618
  -1,701
  -1,789
  -1,881
  -1,977
  -2,078
Free cash flow, $m
  317
  -58
  -44
  -28
  -10
  10
  32
  55
  80
  106
  134
  156
  186
  217
  249
  283
  317
  353
  389
  427
  466
  507
  548
  591
  636
  682
  729
  778
  830
  883
  938
Issuance/(repayment) of debt, $m
  -101
  143
  150
  158
  166
  173
  181
  188
  196
  204
  212
  220
  229
  238
  247
  257
  267
  278
  290
  302
  314
  328
  342
  357
  372
  389
  406
  425
  444
  465
  486
Issuance/(repurchase) of shares, $m
  -530
  40
  25
  7
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -233
  183
  175
  165
  166
  173
  181
  188
  196
  204
  212
  220
  229
  238
  247
  257
  267
  278
  290
  302
  314
  328
  342
  357
  372
  389
  406
  425
  444
  465
  486
Total cash flow (excl. dividends), $m
  83
  125
  131
  137
  156
  183
  213
  244
  276
  310
  346
  376
  414
  455
  496
  540
  584
  631
  679
  729
  781
  834
  890
  948
  1,008
  1,070
  1,136
  1,203
  1,274
  1,347
  1,424
Retained Cash Flow (-), $m
  93
  -339
  -359
  -377
  -396
  -414
  -432
  -450
  -468
  -487
  -506
  -526
  -547
  -568
  -591
  -614
  -639
  -665
  -692
  -721
  -751
  -783
  -817
  -852
  -890
  -929
  -971
  -1,015
  -1,062
  -1,111
  -1,162
Prev. year cash balance distribution, $m
 
  52
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -162
  -228
  -241
  -240
  -230
  -219
  -206
  -192
  -177
  -160
  -151
  -132
  -114
  -94
  -75
  -55
  -34
  -13
  8
  29
  51
  73
  95
  118
  141
  164
  188
  212
  237
  262
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  -155
  -208
  -209
  -197
  -179
  -159
  -139
  -120
  -102
  -84
  -71
  -57
  -43
  -32
  -22
  -14
  -7
  -2
  1
  4
  5
  6
  6
  6
  5
  5
  4
  3
  3
  2
Current shareholders' claim on cash, %
  100
  99.5
  99.3
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2

Gildan Activewear Inc. manufactures and sells apparel products in the United States, Canada, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products comprising T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, and New Balance brands. Its activewear products are used in various activities by individuals, including work and school uniforms and athletic team wear, and other purposes to convey individual, group, and team identity. The Branded Apparel segment designs, manufactures, sources, markets, and distributes branded family apparel, which includes athletic, casual, and dress socks, as well as underwear, activewear, sheer hosiery, legwear, and shapewear products. This segment markets its products under various brands, including Gildan, Gildan Platinum, Gold Toe, Smart Basics, G, PowerSox, Silver Toe, All Pro, Secret, Silks, Therapy Plus, Kushyfoot, and Secret Silky brands, as well as under licensing agreements under the Under Armour and Mossy Oak brands. Gildan Activewear Inc. serves wholesale distributors, mass-market retailers, department stores, national and regional chains, sports specialty stores, and price clubs. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was incorporated in 1984 and is headquartered in Montreal, Canada.

FINANCIAL RATIOS  of  Gildan Activewear Inc. (GIL)

Valuation Ratios
P/E Ratio 18.7
Price to Sales 2.5
Price to Book 3.1
Price to Tangible Book
Price to Cash Flow 12.1
Price to Free Cash Flow 16.3
Growth Rates
Sales Growth Rate -12.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -57.2%
Cap. Spend. - 3 Yr. Gr. Rate -3.5%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 28.3%
Total Debt to Equity 28.3%
Interest Coverage 35
Management Effectiveness
Return On Assets 12.2%
Ret/ On Assets - 3 Yr. Avg. 13.1%
Return On Total Capital 13.1%
Ret/ On T. Cap. - 3 Yr. Avg. 14.8%
Return On Equity 16.1%
Return On Equity - 3 Yr. Avg. 16.6%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 27.8%
Gross Margin - 3 Yr. Avg. 26.8%
EBITDA Margin 19.4%
EBITDA Margin - 3 Yr. Avg. 18.3%
Operating Margin 14.4%
Oper. Margin - 3 Yr. Avg. 13.7%
Pre-Tax Margin 13.6%
Pre-Tax Margin - 3 Yr. Avg. 13.2%
Net Profit Margin 13.4%
Net Profit Margin - 3 Yr. Avg. 13%
Effective Tax Rate 1.5%
Eff/ Tax Rate - 3 Yr. Avg. 1.6%
Payout Ratio 21.4%

GIL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GIL stock intrinsic value calculation we used $3493 million for the last fiscal year's total revenue generated by Gildan Activewear Inc.. The default revenue input number comes from 2017 income statement of Gildan Activewear Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GIL stock valuation model: a) initial revenue growth rate of 12.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for GIL is calculated based on our internal credit rating of Gildan Activewear Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Gildan Activewear Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GIL stock the variable cost ratio is equal to 88.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GIL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Gildan Activewear Inc..

Corporate tax rate of 27% is the nominal tax rate for Gildan Activewear Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GIL stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GIL are equal to 54.4%.

Life of production assets of 11.4 years is the average useful life of capital assets used in Gildan Activewear Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GIL is equal to 41.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2864 million for Gildan Activewear Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 234.048 million for Gildan Activewear Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Gildan Activewear Inc. at the current share price and the inputted number of shares is $8.9 billion.

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Stock chart of GIL Financial statements of GIL
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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