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Gildan Activewear (FRA:VGA) Cyclically Adjusted Price-to-FCF : 22.03 (As of May. 19, 2024)


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

As of today (2024-05-19), Gildan Activewear's current share price is €32.60. Gildan Activewear's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.48. Gildan Activewear's Cyclically Adjusted Price-to-FCF for today is 22.03.

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

FRA:VGA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.96   Med: 42.6   Max: 175.68
Current: 22.14

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.

FRA:VGA's Cyclically Adjusted Price-to-FCF is ranked worse than
58.7% of 368 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.08 vs FRA:VGA: 22.14

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 €-0.389. 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 €1.48 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
=32.60/1.48
=22.03

* 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)
=-0.389/126.2576*126.2576
=-0.389

Current CPI (Mar. 2024) = 126.2576.

Gildan Activewear Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.026 99.473 0.033
201409 0.353 99.394 0.448
201412 -0.426 98.367 -0.547
201503 -0.413 99.789 -0.523
201506 0.066 100.500 0.083
201509 0.541 100.421 0.680
201512 0.365 99.947 0.461
201603 -0.216 101.054 -0.270
201606 0.488 102.002 0.604
201609 0.708 101.765 0.878
201612 0.580 101.449 0.722
201703 0.167 102.634 0.205
201706 0.640 103.029 0.784
201709 0.563 103.345 0.688
201712 0.638 103.345 0.779
201803 -0.148 105.004 -0.178
201806 0.351 105.557 0.420
201809 0.486 105.636 0.581
201812 1.052 105.399 1.260
201903 -0.547 106.979 -0.646
201906 0.102 107.690 0.120
201909 0.374 107.611 0.439
201912 1.077 107.769 1.262
202003 -1.071 107.927 -1.253
202006 0.791 108.401 0.921
202009 0.586 108.164 0.684
202012 1.153 108.559 1.341
202103 0.032 110.298 0.037
202106 0.710 111.720 0.802
202109 0.832 112.905 0.930
202112 0.528 113.774 0.586
202203 -0.410 117.646 -0.440
202206 0.785 120.806 0.820
202209 -0.048 120.648 -0.050
202212 0.572 120.964 0.597
202303 -1.318 122.702 -1.356
202306 0.653 124.203 0.664
202309 1.403 125.230 1.415
202312 1.086 125.072 1.096
202403 -0.389 126.258 -0.389

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  (FRA:VGA) 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

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Gildan Activewear (FRA:VGA) 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.

Gildan Activewear (FRA:VGA) Headlines

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