GIL

Gildan Activewear Inc

Consumer


Presented:01/16/2024
Price:$31.32
Cap:$5.39B
Current Price:$47.53
Cap:$7.73B

Presented

Date01/16/2024
Price$31.32
Market Cap$5.39B
Ent Value$5.96B
P/E Ratio11.99x
Book Value$11.46
Div Yield2.38%
Shares O/S172.20M
Ave Daily Vol967,242
Short Int1.72%

Current

Price$47.53
Market Cap$7.73B
Gildan Activewear, Inc. engages in the manufacture and sale of print wear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand names Gildan, Alstyle, American Apparel, Comfort Colors, GOLD TOE, Anvil, Secret, Silks, and Peds. The company was founded by Glenn J. Chamandy and H. Gregory Chamandy on May 8, 1984 and is headquartered in Montreal, Canada.

Publicly traded companies mentioned herein: Gildan Activewear Inc (GIL)

Highlights

The presenter is long shares of Gildan Activewear Inc (GIL), a Canadian-based apparel company and dominant seller of blank activewear and innerwear, which make up ~82% and ~18% of sales respectively. The company has faced challenging market conditions over the past year, with weaker trends due to destocking. However, the presenter believes these headwinds are temporary, presenting a compelling entry point. As conditions improve, Gildan should trend back towards its historical 15x EPS multiple as it maintains mid-single digit revenue growth through 2024.

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Idea Discussion

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