Gildan Activewear Inc. manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America.
Good value with reasonable growth potential.
Share Price & News
How has Gildan Activewear's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VGA has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VGA underperformed the German Luxury industry which returned -10.7% over the past year.
Return vs Market: VGA underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Gildan Activewear's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gildan Activewear undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VGA (€13.7) is trading below our estimate of fair value (€27.56)
Significantly Below Fair Value: VGA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VGA is good value based on its PE Ratio (22.7x) compared to the Luxury industry average (29.2x).
PE vs Market: VGA is poor value based on its PE Ratio (22.7x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: VGA is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: VGA is overvalued based on its PB Ratio (1.9x) compared to the DE Luxury industry average (1.6x).
How is Gildan Activewear forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VGA's forecast earnings growth (96.9% per year) is above the savings rate (0.2%).
Earnings vs Market: VGA's earnings (96.9% per year) are forecast to grow faster than the German market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VGA's revenue (13.8% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: VGA's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VGA's Return on Equity is forecast to be high in 3 years time
How has Gildan Activewear performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VGA has a large one-off loss of $208.7M impacting its March 29 2010 financial results.
Growing Profit Margin: VGA's current net profit margins (5.2%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: VGA's earnings have declined by -2% per year over the past 5 years.
Accelerating Growth: VGA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VGA had negative earnings growth (-55%) over the past year, making it difficult to compare to the Luxury industry average (-27%).
Return on Equity
High ROE: VGA's Return on Equity (8.4%) is considered low.
How is Gildan Activewear's financial position?
Financial Position Analysis
Short Term Liabilities: VGA's short term assets ($2.1B) exceed its short term liabilities ($389.1M).
Long Term Liabilities: VGA's short term assets ($2.1B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: VGA's debt to equity ratio (97.2%) is considered high.
Reducing Debt: VGA's debt to equity ratio has increased from 31.5% to 97.2% over the past 5 years.
Debt Coverage: VGA's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: VGA's interest payments on its debt are well covered by EBIT (11.6x coverage).
What is Gildan Activewear current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VGA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VGA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VGA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VGA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: VGA is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VGA's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glenn Chamandy (59yo)
Mr. Glenn J. Chamandy is Founder/Founding Entrepreneur of Gildan Activewear Inc. and has been its Chief Executive Officer and President since August 2004. Mr. Chamandy has been involved in various textile ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD7.13M) is above average for companies of similar size in the German market ($USD2.58M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
|Executive VP||4.92yrs||US$2.05m||0.017% $475.4k|
|President of Sales||2.42yrs||US$2.32m||0.032% $880.6k|
|President of Manufacturing||15.5yrs||US$2.10m||0.087% $2.4m|
|Senior Vice President of Yarn Spinning||no data||US$623.82k||0.022% $589.0k|
|Vice President of Investor Communications||no data||no data||no data|
|VP, General Counsel & Corporate Secretary||no data||no data||no data|
|Vice President of Corporate Human Resources||no data||no data||no data|
|Senior Vice President of Public & Corporate Affairs||18yrs||no data||0.0033% $89.5k|
Experienced Management: VGA's management team is seasoned and experienced (15.5 years average tenure).
|Independent Director||14.17yrs||US$239.50k||0.015% $414.2k|
|Independent Director||2.17yrs||US$204.00k||0.0026% $71.7k|
|Independent Chairman||1.17yrs||US$293.26k||0.0015% $41.3k|
|Independent Director||2.17yrs||US$210.62k||0.0013% $34.5k|
|Independent Director||2.17yrs||US$204.00k||0.00079% $21.6k|
|Independent Director||9.58yrs||US$224.00k||0.0073% $200.2k|
|Independent Director||2.17yrs||US$204.00k||no data|
|Independent Director||5.42yrs||US$201.00k||0.0010% $27.6k|
|Independent Director||3.42yrs||US$217.24k||no data|
Experienced Board: VGA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gildan Activewear Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Gildan Activewear Inc.
- Ticker: VGA
- Exchange: DB
- Founded: 1984
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: CA$4.174b
- Listing Market Cap: CA$2.736b
- Shares outstanding: 198.21m
- Website: https://www.gildan.com
Number of Employees
- Gildan Activewear Inc.
- 600 de Maisonneuve Boulevard West
- 33rd Floor
- H3A 3J2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GIL||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jun 1998|
|GIL||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jun 1998|
|VGA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 1998|
Gildan Activewear Inc. manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil by Gildan, Alstyle, Prim + Preux, and Gold Toe brands. It also offers hosiery products, such as athletic, dress, casual, workwear, liner, and therapeutic socks, as well as sheer panty hose, tights, and leggings under the Gildan, Gildan Platinum, Under Armour, Gold Toe, PowerSox, GT a Gold Toe Brand, Silver Toe, Signature Gold by Goldtoe, Peds, MediPeds, Kushyfoot, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel brand names. In addition, the company provides men's and boys' top and bottom underwear, and ladies panties under Gildan and Gildan Platinum brand names; and ladies shapewear, intimates, and accessories under Secret and Secret Silky brand names. It offers its products through wholesale distributors, screen printers/embellishers, and retailers, as well as through its e-commerce platforms. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was incorporated in 1984 and is headquartered in Montreal, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 21:45|
|End of Day Share Price||2020/07/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.