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Hanesbrands (Hanesbrands) Cyclically Adjusted Price-to-FCF : 3.58 (As of Apr. 27, 2024)


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What is Hanesbrands Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Hanesbrands's current share price is $4.48. Hanesbrands's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.25. Hanesbrands's Cyclically Adjusted Price-to-FCF for today is 3.58.

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

HBI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.95   Med: 16.22   Max: 57.5
Current: 3.57

During the past years, Hanesbrands's highest Cyclically Adjusted Price-to-FCF was 57.50. The lowest was 2.95. And the median was 16.22.

HBI's Cyclically Adjusted Price-to-FCF is ranked better than
89.72% of 360 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.255 vs HBI: 3.57

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.

Hanesbrands's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.759. 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 $1.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanesbrands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Cyclically Adjusted Price-to-FCF Chart

Hanesbrands Annual Data
Trend Dec14 Dec15 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 13.15 11.66 11.35 5.13 3.56

Hanesbrands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.13 4.07 3.49 3.08 3.56

Competitive Comparison of Hanesbrands's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Hanesbrands'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.


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

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

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



Hanesbrands 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.48/1.25
=3.58

* 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.

Hanesbrands's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Hanesbrands's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.759/129.4194*129.4194
=0.759

Current CPI (Dec. 2023) = 129.4194.

Hanesbrands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.183 99.695 -0.238
201406 0.134 100.560 0.172
201409 0.461 100.428 0.594
201412 0.674 99.070 0.880
201503 -0.724 99.621 -0.941
201506 0.016 100.684 0.021
201509 0.319 100.392 0.411
201512 0.730 99.792 0.947
201603 -0.804 100.470 -1.036
201606 0.368 101.688 0.468
201609 0.822 101.861 1.044
201612 0.994 101.863 1.263
201703 -0.104 102.862 -0.131
201706 0.115 103.349 0.144
201709 0.726 104.136 0.902
201712 0.817 104.011 1.017
201803 -0.407 105.290 -0.500
201806 0.118 106.317 0.144
201809 0.501 106.507 0.609
201812 1.315 105.998 1.606
201903 -0.601 107.251 -0.725
201906 0.284 108.070 0.340
201909 0.767 108.329 0.916
201912 1.470 108.420 1.755
202003 -0.303 108.902 -0.360
202006 0.127 108.767 0.151
202009 0.701 109.815 0.826
202012 0.606 109.897 0.714
202103 -0.002 111.754 -0.002
202106 0.533 114.631 0.602
202109 0.809 115.734 0.905
202112 0.233 117.630 0.256
202203 -0.713 121.301 -0.761
202206 -0.946 125.017 -0.979
202209 -0.239 125.227 -0.247
202212 0.262 125.222 0.271
202303 0.058 127.348 0.059
202306 0.224 128.729 0.225
202309 0.436 129.860 0.435
202312 0.759 129.419 0.759

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.


Hanesbrands  (NYSE:HBI) 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.


Hanesbrands Cyclically Adjusted Price-to-FCF Related Terms

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


Hanesbrands (Hanesbrands) Business Description

Traded in Other Exchanges
Address
1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105
Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, Berlei, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers through stores and e-commerce. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.
Executives
Mark A Irvin director 7601 PENN AVENUE, RICHFIELD MN 55423
Michael Dastugue officer: Chief Financial Officer 6501 LEGACY DRIVE, PLANO TX 75024
William S Simon director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Joseph W Cavaliere officer: President Innerwear Global 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
Markland Scott Lewis officer: Chief Accounting Officer 1000 EAST HANES MILL ROAD, LEGAL DEPARTMENT, WINSTON-SALEM NC 27105
Michael E. Faircloth officer: EVP Supply Chain - Global 1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Geralyn Breig director ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Scott A Pleiman officer: See Remarks 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
Robert F Moran director C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222
Tracy M Preston officer: GC, Corp Sec and CCO 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
James C Johnson director 1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149
Kristin L Oliver officer: Chief Human Resources Officer 11215 METRO PARKWAY, FORT MYERS FL 33966
Franck J Moison director C/O COLGATE PALMOLIVE CO, 300 PARK AVE 15TH FL, NEW YORK NY 10022
Ann Elizabeth Ziegler director ONE EAST WACKER DR, CHICAGO IL 60601
Bobby J Griffin director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902