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Hanesbrands (Hanesbrands) Intrinsic Value: Projected FCF : $11.60 (As of Apr. 28, 2024)


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What is Hanesbrands Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-28), Hanesbrands's Intrinsic Value: Projected FCF is $11.60. The stock price of Hanesbrands is $4.48. Therefore, Hanesbrands's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

The historical rank and industry rank for Hanesbrands's Intrinsic Value: Projected FCF or its related term are showing as below:

HBI' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.38   Med: 0.96   Max: 2.59
Current: 0.38

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hanesbrands was 2.59. The lowest was 0.38. And the median was 0.96.

HBI's Price-to-Projected-FCF is ranked better than
82.9% of 766 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.92 vs HBI: 0.38

Hanesbrands Intrinsic Value: Projected FCF Historical Data

The historical data trend for Hanesbrands's Intrinsic Value: Projected 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 Intrinsic Value: Projected FCF Chart

Hanesbrands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.87 15.52 17.11 12.15 11.60

Hanesbrands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected 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 12.15 10.44 10.97 11.27 11.60

Competitive Comparison of Hanesbrands's Intrinsic Value: Projected FCF

For the Apparel Manufacturing subindustry, Hanesbrands's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Hanesbrands Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Hanesbrands's Free Cash Flow(6 year avg) = $392.02.

Hanesbrands's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*392.0216+419.353*0.8)/350.766
=11.60

* 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  (NYSE:HBI) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Hanesbrands's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=4.48/11.596522653885
=0.39

* 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 Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Hanesbrands's Intrinsic Value: Projected 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