Intrinsic value of Gildan Activewear - GIL

Previous Close

$30.60

  Intrinsic Value

$2.03

stock screener

  Rating & Target

str. sell

-93%

  Value-price divergence*

-76%

Previous close

$30.60

 
Intrinsic value

$2.03

 
Up/down potential

-93%

 
Rating

str. sell

 
Value-price divergence*

-76%

*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 7.2

 

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, %
  -12.64
  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
  2,585
  2,898
  3,228
  3,575
  3,939
  4,319
  4,716
  5,130
  5,561
  6,008
  6,474
  6,958
  7,461
  7,984
  8,527
  9,092
  9,679
  10,291
  10,927
  11,590
  12,281
  13,001
  13,752
  14,535
  15,354
  16,208
  17,101
  18,035
  19,011
  20,032
  21,101
Variable operating expenses, $m
 
  2,574
  2,865
  3,170
  3,491
  3,826
  4,176
  4,541
  4,920
  5,315
  5,725
  6,131
  6,575
  7,035
  7,514
  8,012
  8,529
  9,068
  9,629
  10,213
  10,821
  11,456
  12,118
  12,808
  13,529
  14,282
  15,069
  15,892
  16,752
  17,652
  18,594
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
  2,214
  2,574
  2,865
  3,170
  3,491
  3,826
  4,176
  4,541
  4,920
  5,315
  5,725
  6,131
  6,575
  7,035
  7,514
  8,012
  8,529
  9,068
  9,629
  10,213
  10,821
  11,456
  12,118
  12,808
  13,529
  14,282
  15,069
  15,892
  16,752
  17,652
  18,594
Operating income, $m
  372
  324
  363
  405
  448
  493
  540
  589
  640
  694
  749
  827
  886
  949
  1,013
  1,080
  1,150
  1,223
  1,298
  1,377
  1,459
  1,545
  1,634
  1,727
  1,824
  1,926
  2,032
  2,143
  2,259
  2,380
  2,507
EBITDA, $m
  513
  483
  538
  595
  656
  719
  785
  854
  926
  1,001
  1,078
  1,159
  1,243
  1,330
  1,420
  1,514
  1,612
  1,714
  1,820
  1,930
  2,045
  2,165
  2,290
  2,421
  2,557
  2,699
  2,848
  3,003
  3,166
  3,336
  3,514
Interest expense (income), $m
  11
  21
  25
  29
  33
  37
  41
  46
  51
  56
  61
  67
  73
  78
  85
  91
  98
  105
  112
  119
  127
  135
  144
  153
  162
  172
  182
  192
  203
  215
  227
Earnings before tax, $m
  352
  303
  339
  376
  415
  456
  499
  543
  589
  638
  688
  760
  814
  870
  928
  989
  1,052
  1,118
  1,186
  1,258
  1,332
  1,409
  1,490
  1,574
  1,662
  1,754
  1,850
  1,951
  2,056
  2,165
  2,280
Tax expense, $m
  5
  82
  91
  102
  112
  123
  135
  147
  159
  172
  186
  205
  220
  235
  251
  267
  284
  302
  320
  340
  360
  381
  402
  425
  449
  474
  500
  527
  555
  585
  616
Net income, $m
  347
  221
  247
  274
  303
  333
  364
  397
  430
  465
  502
  555
  594
  635
  678
  722
  768
  816
  866
  918
  972
  1,029
  1,088
  1,149
  1,214
  1,281
  1,351
  1,424
  1,501
  1,581
  1,665

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  38
  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
  2,990
  3,308
  3,685
  4,081
  4,496
  4,930
  5,384
  5,856
  6,348
  6,859
  7,391
  7,943
  8,517
  9,114
  9,734
  10,379
  11,050
  11,747
  12,474
  13,231
  14,019
  14,841
  15,698
  16,593
  17,527
  18,503
  19,522
  20,588
  21,702
  22,868
  24,088
Adjusted assets (=assets-cash), $m
  2,952
  3,308
  3,685
  4,081
  4,496
  4,930
  5,384
  5,856
  6,348
  6,859
  7,391
  7,943
  8,517
  9,114
  9,734
  10,379
  11,050
  11,747
  12,474
  13,231
  14,019
  14,841
  15,698
  16,593
  17,527
  18,503
  19,522
  20,588
  21,702
  22,868
  24,088
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
  1,407
  1,576
  1,756
  1,945
  2,143
  2,350
  2,566
  2,791
  3,025
  3,269
  3,522
  3,785
  4,059
  4,343
  4,639
  4,946
  5,266
  5,598
  5,944
  6,305
  6,681
  7,072
  7,481
  7,907
  8,352
  8,817
  9,303
  9,811
  10,342
  10,898
  11,479
Working capital, $m
  1,105
  1,197
  1,333
  1,476
  1,627
  1,784
  1,948
  2,119
  2,296
  2,482
  2,674
  2,874
  3,081
  3,297
  3,522
  3,755
  3,998
  4,250
  4,513
  4,787
  5,072
  5,369
  5,679
  6,003
  6,341
  6,694
  7,063
  7,448
  7,852
  8,273
  8,715
Total debt, $m
  600
  706
  817
  934
  1,056
  1,184
  1,318
  1,458
  1,603
  1,753
  1,910
  2,073
  2,243
  2,419
  2,602
  2,792
  2,990
  3,195
  3,410
  3,633
  3,866
  4,108
  4,361
  4,625
  4,900
  5,188
  5,489
  5,803
  6,132
  6,476
  6,836
Total liabilities, $m
  871
  976
  1,087
  1,204
  1,326
  1,454
  1,588
  1,728
  1,873
  2,023
  2,180
  2,343
  2,513
  2,689
  2,872
  3,062
  3,260
  3,465
  3,680
  3,903
  4,136
  4,378
  4,631
  4,895
  5,170
  5,458
  5,759
  6,073
  6,402
  6,746
  7,106
Total equity, $m
  2,120
  2,332
  2,598
  2,877
  3,170
  3,476
  3,795
  4,128
  4,475
  4,836
  5,210
  5,600
  6,005
  6,425
  6,863
  7,317
  7,790
  8,282
  8,794
  9,328
  9,883
  10,463
  11,067
  11,698
  12,357
  13,044
  13,763
  14,514
  15,300
  16,122
  16,982
Total liabilities and equity, $m
  2,991
  3,308
  3,685
  4,081
  4,496
  4,930
  5,383
  5,856
  6,348
  6,859
  7,390
  7,943
  8,518
  9,114
  9,735
  10,379
  11,050
  11,747
  12,474
  13,231
  14,019
  14,841
  15,698
  16,593
  17,527
  18,502
  19,522
  20,587
  21,702
  22,868
  24,088
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
  347
  221
  247
  274
  303
  333
  364
  397
  430
  465
  502
  555
  594
  635
  678
  722
  768
  816
  866
  918
  972
  1,029
  1,088
  1,149
  1,214
  1,281
  1,351
  1,424
  1,501
  1,581
  1,665
Depreciation, amort., depletion, $m
  141
  158
  174
  191
  208
  226
  245
  265
  286
  307
  329
  332
  356
  381
  407
  434
  462
  491
  521
  553
  586
  620
  656
  694
  733
  773
  816
  861
  907
  956
  1,007
Funds from operations, $m
  571
  380
  421
  465
  511
  559
  609
  661
  716
  772
  831
  887
  950
  1,016
  1,085
  1,156
  1,230
  1,307
  1,388
  1,471
  1,558
  1,649
  1,744
  1,843
  1,946
  2,054
  2,167
  2,285
  2,408
  2,537
  2,672
Change in working capital, $m
  33
  129
  136
  143
  150
  157
  164
  171
  178
  185
  192
  200
  208
  216
  224
  233
  243
  252
  263
  274
  285
  297
  310
  324
  338
  353
  369
  386
  403
  422
  441
Cash from operations, $m
  538
  251
  285
  322
  361
  402
  445
  491
  538
  587
  639
  687
  742
  800
  860
  923
  987
  1,055
  1,125
  1,197
  1,273
  1,352
  1,434
  1,519
  1,608
  1,701
  1,798
  1,899
  2,005
  2,115
  2,230
Maintenance CAPEX, $m
  0
  -123
  -138
  -154
  -171
  -188
  -206
  -225
  -245
  -265
  -287
  -309
  -332
  -356
  -381
  -407
  -434
  -462
  -491
  -521
  -553
  -586
  -620
  -656
  -694
  -733
  -773
  -816
  -861
  -907
  -956
New CAPEX, $m
  -140
  -170
  -180
  -189
  -198
  -207
  -216
  -225
  -234
  -244
  -253
  -263
  -274
  -284
  -296
  -307
  -320
  -333
  -346
  -361
  -376
  -392
  -409
  -426
  -445
  -465
  -486
  -508
  -531
  -556
  -581
Cash from investing activities, $m
  -303
  -293
  -318
  -343
  -369
  -395
  -422
  -450
  -479
  -509
  -540
  -572
  -606
  -640
  -677
  -714
  -754
  -795
  -837
  -882
  -929
  -978
  -1,029
  -1,082
  -1,139
  -1,198
  -1,259
  -1,324
  -1,392
  -1,463
  -1,537
Free cash flow, $m
  235
  -43
  -33
  -21
  -8
  7
  23
  40
  59
  78
  99
  115
  137
  160
  184
  209
  234
  260
  287
  315
  344
  374
  405
  437
  470
  504
  539
  575
  613
  652
  693
Issuance/(repayment) of debt, $m
  -75
  106
  111
  117
  123
  128
  134
  139
  145
  151
  157
  163
  169
  176
  183
  190
  198
  206
  214
  223
  233
  242
  253
  264
  276
  288
  301
  314
  329
  344
  360
Issuance/(repurchase) of shares, $m
  -392
  29
  18
  5
  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  
  -172
  135
  129
  122
  123
  128
  134
  139
  145
  151
  157
  163
  169
  176
  183
  190
  198
  206
  214
  223
  233
  242
  253
  264
  276
  288
  301
  314
  329
  344
  360
Total cash flow (excl. dividends), $m
  62
  92
  97
  101
  115
  135
  157
  180
  204
  229
  256
  278
  306
  336
  367
  399
  432
  466
  502
  539
  577
  617
  658
  701
  745
  791
  839
  890
  942
  996
  1,053
Retained Cash Flow (-), $m
  68
  -250
  -266
  -279
  -293
  -306
  -320
  -333
  -347
  -361
  -375
  -390
  -405
  -421
  -437
  -455
  -473
  -492
  -512
  -533
  -556
  -579
  -604
  -631
  -659
  -688
  -719
  -751
  -786
  -822
  -860
Prev. year cash balance distribution, $m
 
  38
  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
 
  -120
  -169
  -178
  -178
  -171
  -163
  -153
  -143
  -131
  -119
  -112
  -99
  -85
  -70
  -56
  -41
  -26
  -10
  5
  21
  37
  53
  70
  87
  104
  121
  138
  156
  174
  193
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
 
  -115
  -154
  -155
  -146
  -132
  -118
  -103
  -89
  -75
  -63
  -53
  -42
  -32
  -24
  -16
  -10
  -6
  -2
  1
  3
  4
  4
  5
  4
  4
  4
  3
  2
  2
  1
Current shareholders' claim on cash, %
  100
  99.6
  99.4
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3

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 (GIL)

Valuation Ratios
P/E Ratio 20.3
Price to Sales 2.7
Price to Book 3.3
Price to Tangible Book
Price to Cash Flow 13.1
Price to Free Cash Flow 17.7
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 33
Management Effectiveness
Return On Assets 12.3%
Ret/ On Assets - 3 Yr. Avg. 13.2%
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 27.9%
Gross Margin - 3 Yr. Avg. 26.8%
EBITDA Margin 19.5%
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 1.4%
Eff/ Tax Rate - 3 Yr. Avg. 1.5%
Payout Ratio 21.3%

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 $2585 million for the last fiscal year's total revenue generated by Gildan Activewear. The default revenue input number comes from 2017 income statement of Gildan Activewear. 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, 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.
    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.

Corporate tax rate of 27% is the nominal tax rate for Gildan Activewear. 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 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 41.3%. 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 - $2120 million for Gildan Activewear - 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 236.468 million for Gildan Activewear 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 at the current share price and the inputted number of shares is $7.2 billion.

RELATED COMPANIES Price Int.Val. Rating
HBI Hanesbrands 24.31 52.65  str.buy
DLA Delta Apparel 18.92 6.72  str.sell

COMPANY NEWS

▶ [$$] Beyond Bankruptcy: How Failed Stores Come Back Online   [Aug-04-17 11:45PM  The Wall Street Journal]
▶ [$$] Beyond Bankruptcy: How Failed Stores Come Back Online   [07:23AM  The Wall Street Journal]
▶ Gildan tops 2Q profit forecasts   [03:17AM  Associated Press]
▶ American Apparel Is Ready to Relaunch Its Website   [Aug-03-17 01:32PM  Bloomberg]
▶ Gildan releases its 2016 CSR report   [Jun-30-17 08:39AM  Marketwired]
▶ Top Ranked Momentum Stocks to Buy for June 29th   [Jun-29-17 09:56AM  Zacks]
▶ Gildan Announces Resignation of Director Patrik Frisk   [Jun-27-17 04:31PM  Marketwired]
▶ Gildan tops Street 1Q forecasts   [May-03-17 06:11PM  Associated Press]
▶ Gildan and OKRP invoke an epic ad failure in new underwear campaign   [Apr-25-17 05:35PM  American City Business Journals]
▶ American Apparel making clothes outside of U.S. for first time   [10:45AM  American City Business Journals]
▶ Causeway International Value Buys AstraZeneca, Gildan   [Mar-09-17 10:28AM  GuruFocus.com]
▶ [$$] American Apparel Manufacturing Plant Deal Collapses   [Feb-03-17 02:58PM  at The Wall Street Journal]
▶ American Apparel lays off 2,400 SoCal workers as it closes   [Jan-17-17 07:25PM  at bizjournals.com]
▶ American Apparel sold in bankruptcy auction   [Jan-11-17 10:53AM  at bizjournals.com]
▶ [$$] American Apparel Sells Brand to Gildan   [11:16AM  at The Wall Street Journal]
▶ [$$] Randles's Take: Sale of American Apparel Brand Draws Near   [Jan-06-17 05:20PM  at The Wall Street Journal]
▶ Is Atlassian Corporation PLC (TEAM) a Good Stock To Buy?   [Dec-09-16 10:59AM  at Insider Monkey]
▶ [$$] American Apparel Notifies 3,500 Workers of Possible Layoffs   [Dec-06-16 02:30PM  at The Wall Street Journal]
▶ Is Valeant Pharmaceuticals Intl Inc (VRX) A Good Stock To Buy?   [Dec-04-16 05:12PM  at Insider Monkey]
▶ [$$] American Apparel Pushes Back Date of Bankruptcy Auction   [02:49PM  at The Wall Street Journal]
▶ [$$] Unsecured Creditors Cry Foul on American Apparel Sale Timeline   [Dec-01-16 04:46PM  at The Wall Street Journal]
▶ Is Leggett & Platt, Inc. (LEG) A Good Stock To Buy?   [Nov-29-16 12:56PM  at Insider Monkey]
▶ [$$] Corrigan's Take: Judge to Consider American Apparel Auction Plans   [Nov-25-16 12:25PM  at The Wall Street Journal]
▶ American Apparel's Stores Are Likely To Vanish   [Nov-15-16 12:48PM  at Forbes]
▶ [$$] American Apparel Store Chain on the Line in Bankruptcy   [11:19AM  at The Wall Street Journal]
▶ [$$] American Apparel Lenders Quarrel Over Timing   [09:45AM  at The Wall Street Journal]
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.