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Gildan Activewear (TSX:GIL) Cyclically Adjusted Price-to-FCF : 22.33 (As of May. 17, 2024)


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What is Gildan Activewear Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Gildan Activewear's current share price is C$48.45. Gildan Activewear's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$2.17. Gildan Activewear's Cyclically Adjusted Price-to-FCF for today is 22.33.

The historical rank and industry rank for Gildan Activewear's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:GIL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.96   Med: 42.6   Max: 175.68
Current: 22.29

During the past years, Gildan Activewear's highest Cyclically Adjusted Price-to-FCF was 175.68. The lowest was 11.96. And the median was 42.60.

TSX:GIL's Cyclically Adjusted Price-to-FCF is ranked worse than
58.86% of 367 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18 vs TSX:GIL: 22.29

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Gildan Activewear's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.572. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$2.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gildan Activewear Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gildan Activewear's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gildan Activewear Cyclically Adjusted Price-to-FCF Chart

Gildan Activewear Annual Data
Trend Sep14 Sep15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.28 25.31 29.07 19.21 20.25

Gildan Activewear Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.29 23.58 19.33 20.25 23.12

Competitive Comparison of Gildan Activewear's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Gildan Activewear's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gildan Activewear's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Gildan Activewear's Cyclically Adjusted Price-to-FCF falls into.



Gildan Activewear Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Gildan Activewear's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=48.45/2.17
=22.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gildan Activewear's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Gildan Activewear's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.572/126.2576*126.2576
=-0.572

Current CPI (Mar. 2024) = 126.2576.

Gildan Activewear Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.039 99.473 0.050
201409 0.501 99.394 0.636
201412 -0.606 98.367 -0.778
201503 -0.563 99.789 -0.712
201506 0.091 100.500 0.114
201509 0.806 100.421 1.013
201512 0.545 99.947 0.688
201603 -0.318 101.054 -0.397
201606 0.707 102.002 0.875
201609 1.041 101.765 1.292
201612 0.816 101.449 1.016
201703 0.240 102.634 0.295
201706 0.956 103.029 1.172
201709 0.823 103.345 1.005
201712 0.963 103.345 1.177
201803 -0.236 105.004 -0.284
201806 0.539 105.557 0.645
201809 0.740 105.636 0.884
201812 1.608 105.399 1.926
201903 -0.827 106.979 -0.976
201906 0.153 107.690 0.179
201909 0.545 107.611 0.639
201912 1.575 107.769 1.845
202003 -1.652 107.927 -1.933
202006 1.208 108.401 1.407
202009 0.913 108.164 1.066
202012 1.797 108.559 2.090
202103 0.048 110.298 0.055
202106 1.045 111.720 1.181
202109 1.241 112.905 1.388
202112 0.763 113.774 0.847
202203 -0.571 117.646 -0.613
202206 1.062 120.806 1.110
202209 -0.064 120.648 -0.067
202212 0.823 120.964 0.859
202303 -1.930 122.702 -1.986
202306 0.940 124.203 0.956
202309 2.027 125.230 2.044
202312 1.589 125.072 1.604
202403 -0.572 126.258 -0.572

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Gildan Activewear  (TSX:GIL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Gildan Activewear Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Gildan Activewear's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Gildan Activewear (TSX:GIL) Business Description

Traded in Other Exchanges
Address
600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.
Executives
Glenn J. Chamandy Director, Senior Officer