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Hanesbrands

NYSE:HBI
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HBI
NYSE
$6B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The last earnings update was 83 days ago. More info.


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HBI Share Price and Events
7 Day Returns
-1.8%
NYSE:HBI
-3%
US Luxury
-0.9%
US Market
1 Year Returns
-25.6%
NYSE:HBI
0.9%
US Luxury
3.8%
US Market
HBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hanesbrands (HBI) -1.8% -3% -13.6% -25.6% -37.9% -35.6%
US Luxury -3% -0.5% -4.5% 0.9% 26.7% 43.3%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • HBI underperformed the Luxury industry which returned 0.9% over the past year.
  • HBI underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
HBI
Industry
5yr Volatility vs Market

HBI Value

 Is Hanesbrands undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hanesbrands to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hanesbrands.

NYSE:HBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 21%) (78.76%))
1.212
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.212 * 5.96%)
9.96%

Discounted Cash Flow Calculation for NYSE:HBI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hanesbrands is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:HBI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.96%)
2020 704.23 Analyst x4 640.46
2021 644.00 Analyst x2 532.66
2022 923.00 Analyst x1 694.31
2023 570.00 Analyst x1 389.95
2024 567.72 Est @ -0.4% 353.22
2025 570.77 Est @ 0.54% 322.97
2026 577.60 Est @ 1.2% 297.24
2027 587.17 Est @ 1.66% 274.81
2028 598.78 Est @ 1.98% 254.87
2029 611.98 Est @ 2.2% 236.90
Present value of next 10 years cash flows $3,997.40
NYSE:HBI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $611.98 × (1 + 2.73%) ÷ (9.96% – 2.73%)
$8,701.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,701.05 ÷ (1 + 9.96%)10
$3,368.26
NYSE:HBI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,997.40 + $3,368.26
$7,365.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,365.67 / 361.47
$20.38
NYSE:HBI Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.38
Current discount Discount to share price of $16.20
= -1 x ($16.20 - $20.38) / $20.38
20.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hanesbrands is available for.
Intrinsic value
20%
Share price is $16.2 vs Future cash flow value of $20.38
Current Discount Checks
For Hanesbrands to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hanesbrands's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hanesbrands's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hanesbrands's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hanesbrands's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $1.52
NYSE:HBI Share Price ** NYSE (2019-07-23) in USD $16.2
United States of America Luxury Industry PE Ratio Median Figure of 37 Publicly-Listed Luxury Companies 17.07x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hanesbrands.

NYSE:HBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HBI Share Price ÷ EPS (both in USD)

= 16.2 ÷ 1.52

10.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanesbrands is good value based on earnings compared to the US Luxury industry average.
  • Hanesbrands is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hanesbrands's expected growth come at a high price?
Raw Data
NYSE:HBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
7%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.7x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:HBI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.67x ÷ 7%

1.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanesbrands is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hanesbrands's assets?
Raw Data
NYSE:HBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $2.87
NYSE:HBI Share Price * NYSE (2019-07-23) in USD $16.2
United States of America Luxury Industry PB Ratio Median Figure of 48 Publicly-Listed Luxury Companies 1.39x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NYSE:HBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HBI Share Price ÷ Book Value per Share (both in USD)

= 16.2 ÷ 2.87

5.64x

* Primary Listing of Hanesbrands.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanesbrands is overvalued based on assets compared to the US Luxury industry average.
X
Value checks
We assess Hanesbrands's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Hanesbrands has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HBI Future Performance

 How is Hanesbrands expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hanesbrands expected to grow at an attractive rate?
  • Hanesbrands's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hanesbrands's earnings growth is positive but not above the United States of America market average.
  • Hanesbrands's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HBI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 7%
NYSE:HBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.3%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HBI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,521 694 799 1
2022-12-31 7,352 1,045 777 1
2021-12-31 7,026 748 672 6
2020-12-31 6,920 872 653 13
2019-12-31 6,953 712 606 13
NYSE:HBI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 6,920 577 553
2018-12-29 6,804 643 553
2018-09-29 6,681 466 7
2018-06-30 6,631 557 39
2018-03-31 6,563 550 70
2017-12-30 6,471 656 64
2017-09-30 6,402 728 604
2017-07-01 6,363 769 574
2017-04-01 6,189 868 530
2016-12-31 6,028 606 537
2016-10-01 5,862 522 500
2016-07-02 5,692 331 490
2016-04-02 5,742 202 456

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hanesbrands's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Hanesbrands's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Hanesbrands Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HBI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.18 2.18 2.18 1.00
2022-12-31 2.12 2.12 2.12 1.00
2021-12-31 1.88 2.03 1.66 3.00
2020-12-31 1.80 1.86 1.57 8.00
2019-12-31 1.62 1.67 1.56 6.00
NYSE:HBI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 1.52
2018-12-29 1.52
2018-09-29 0.02
2018-06-30 0.11
2018-03-31 0.19
2017-12-30 0.17
2017-09-30 1.63
2017-07-01 1.53
2017-04-01 1.40
2016-12-31 1.41
2016-10-01 1.30
2016-07-02 1.26
2016-04-02 1.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hanesbrands is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Hanesbrands's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hanesbrands has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HBI Past Performance

  How has Hanesbrands performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hanesbrands's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hanesbrands's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hanesbrands's 1-year earnings growth exceeds its 5-year average (687.4% vs -4.4%)
  • Hanesbrands's earnings growth has exceeded the US Luxury industry average in the past year (687.4% vs 43.3%).
Earnings and Revenue History
Hanesbrands's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hanesbrands Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HBI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 6,920.48 553.16 1,729.66 59.31
2018-12-29 6,803.96 553.08 1,688.14 59.31
2018-09-29 6,680.83 6.85 1,645.76 65.46
2018-06-30 6,631.39 38.79 1,638.99 65.46
2018-03-31 6,562.56 70.32 1,604.56 65.46
2017-12-30 6,471.41 63.99 1,566.21 65.46
2017-09-30 6,401.54 604.33 1,521.76 70.10
2017-07-01 6,363.29 573.76 1,483.03 70.10
2017-04-01 6,189.41 529.74 1,414.28 70.10
2016-12-31 6,028.20 536.93 1,343.39 70.10
2016-10-01 5,862.45 500.37 1,308.44 62.32
2016-07-02 5,692.47 489.73 1,247.69 62.32
2016-04-02 5,741.77 456.49 1,250.86 62.32
2016-01-02 5,731.55 428.86 1,266.42 62.32
2015-10-03 5,844.59 399.13 1,307.28 63.27
2015-07-04 5,654.28 355.92 1,271.40 63.27
2015-04-04 5,474.30 415.60 1,223.67 63.27
2015-01-03 5,324.75 404.52 1,150.19 63.27
2014-09-27 5,087.94 347.35 1,072.70 51.32
2014-06-28 4,884.56 353.67 1,010.58 51.32
2014-03-29 4,741.71 320.68 985.85 51.32
2013-12-28 4,627.80 330.49 981.08 51.32
2013-09-28 4,495.27 376.44 926.34 48.32
2013-06-29 4,516.60 362.36 932.86 48.32
2013-03-30 4,498.05 308.09 923.88 48.32
2012-12-29 4,525.72 232.44 911.87 48.32
2012-09-29 4,473.42 193.00 941.90 47.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Hanesbrands made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Hanesbrands used its assets more efficiently than the US Luxury industry average last year based on Return on Assets.
  • Hanesbrands's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hanesbrands's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hanesbrands has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HBI Health

 How is Hanesbrands's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hanesbrands's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hanesbrands is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hanesbrands's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hanesbrands's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hanesbrands Company Filings, last reported 3 months ago.

NYSE:HBI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 1,038.04 4,098.06 287.08
2018-12-29 970.28 3,980.59 433.02
2018-09-29 870.59 4,383.83 398.50
2018-06-30 767.19 4,498.48 397.97
2018-03-31 705.70 4,525.87 373.66
2017-12-30 686.20 3,963.52 421.57
2017-09-30 1,231.17 3,995.91 400.05
2017-07-01 1,078.33 4,225.73 449.42
2017-04-01 958.06 4,139.94 463.62
2016-12-31 1,223.91 3,742.45 460.25
2016-10-01 1,186.53 4,128.49 450.21
2016-07-02 1,049.69 3,827.80 661.00
2016-04-02 952.04 3,340.99 332.42
2016-01-02 1,275.89 2,603.32 319.17
2015-10-03 1,250.30 2,779.36 284.60
2015-07-04 1,451.77 2,597.14 315.35
2015-04-04 1,403.23 2,301.69 277.07
2015-01-03 1,386.77 1,983.75 239.86
2014-09-27 1,464.67 2,291.50 215.83
2014-06-28 1,378.43 1,788.80 143.62
2014-03-29 1,246.48 1,823.37 151.14
2013-12-28 1,230.62 1,684.98 115.86
2013-09-28 1,152.10 1,421.82 132.32
2013-06-29 1,044.14 1,575.28 82.31
2013-03-30 948.55 1,624.57 68.55
2012-12-29 886.87 1,517.55 42.80
2012-09-29 777.07 1,889.94 182.27
  • Hanesbrands's level of debt (394.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (145.9% vs 394.8% today).
  • Debt is not well covered by operating cash flow (14.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess Hanesbrands's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hanesbrands has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HBI Dividends

 What is Hanesbrands's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.7%
Current annual income from Hanesbrands dividends. Estimated to be 4.07% next year.
If you bought $2,000 of Hanesbrands shares you are expected to receive $74 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hanesbrands's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Hanesbrands's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HBI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.74 1.00
2022-12-31 0.74 1.00
2021-12-31 0.71 5.00
2020-12-31 0.66 10.00
2019-12-31 0.62 10.00
NYSE:HBI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.600 3.575
2018-10-23 0.600 3.756
2018-07-24 0.600 3.323
2018-04-24 0.600 3.066
2018-02-08 0.600 3.127
2017-10-24 0.600 2.858
2017-07-25 0.600 2.491
2017-04-25 0.600 2.726
2017-01-24 0.600 2.871
2016-10-25 0.440 1.901
2016-07-26 0.440 1.696
2016-04-27 0.440 1.638
2016-01-26 0.440 1.568
2015-10-27 0.400 1.324
2015-07-28 0.400 1.359
2015-04-28 0.400 1.224
2015-01-28 0.400 1.253
2014-10-28 0.300 1.085
2014-07-22 0.300 1.154
2014-04-22 0.300 1.378
2014-01-28 0.300 1.629
2013-10-29 0.200 1.170
2013-07-23 0.200 1.297
2013-04-04 0.200 1.596

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hanesbrands has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hanesbrands only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Hanesbrands's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Hanesbrands's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hanesbrands afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hanesbrands has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HBI Management

 What is the CEO of Hanesbrands's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gerald Evans
COMPENSATION $8,832,708
AGE 60
TENURE AS CEO 2.8 years
CEO Bio

Mr. Gerald W. Evans, Jr., has been the Chief Executive Officer of Hanesbrands Inc. since October 01, 2016. Mr. Evans served as the Chief Operating Officer of Hanesbrands Inc. since August 01, 2013 until October 01, 2016. Mr. Evans served as Co-Chief Operating Officer at Hanesbrands Inc. (formerly, Sara Lee Branded Apparel) from October 01, 2011 to August 01, 2013. He served as Group President of Knit Products of DIM, S.A.S. (also known as Dim Branded Apparel). He served as the President of International Business and Global Supply Chain at Hanesbrands Inc. from February 2009 to November 2010. He served as the President of Global Supply Chain & Asia Business Development from February 2008 to February 2009. He served as Co-operating Officer of Hanesbrands Inc. since November 2010 until November 2011. He served as an Executive Vice President at Hanesbrands Inc. from September 2006 to February 2008 and served as its Chief Supply Chain Officer from September 2006 to February 2008. He served as Vice President of Sara Lee Corporation from July 2005 to September 2006. Prior to July 2005, he served as the President and Chief Executive Officer of Sara Lee Sportswear and Underwear from March 2003 to June 2005. He served as President and Chief Executive Officer of Sara Lee Sportswear from March 1999 to February 2003. He has been a Director of Hanesbrands Inc. since June 13, 2016. Mr. Evans serves as a Director of American Apparel & Footwear Association.

CEO Compensation
  • Gerald's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gerald's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hanesbrands management team in years:

3.5
Average Tenure
53
Average Age
  • The tenure for the Hanesbrands management team is about average.
Management Team

Gerald Evans

TITLE
CEO & Director
COMPENSATION
$9M
AGE
60
TENURE
2.8 yrs

Barry Hytinen

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
44
TENURE
1.8 yrs

Joia Johnson

TITLE
Chief Administrative Officer
COMPENSATION
$2M
AGE
59
TENURE
2.8 yrs

W. Upchurch

TITLE
Group President of Innerwear Americas
COMPENSATION
$2M
AGE
54
TENURE
8.5 yrs

Michael Faircloth

TITLE
Group President of Global Supply Chain
COMPENSATION
$2M
AGE
53
TENURE
1.5 yrs

Jon Ram

TITLE
Group President of Global Activewear
COMPENSATION
$3M
AGE
51
TENURE
1.2 yrs

Markland Lewis

TITLE
Chief Accounting Officer & Controller
AGE
48
TENURE
4.2 yrs

Thomas Robillard

TITLE
Chief Investor Relations Officer
TENURE
6.3 yrs

Tomohiko Hirano

TITLE
VP & MD of Commercial Asia
TENURE
9.5 yrs

Susan Hennike

TITLE
President of Champion North America
TENURE
13.5 yrs
Board of Directors Tenure

Average tenure and age of the Hanesbrands board of directors in years:

4.8
Average Tenure
65
Average Age
  • The tenure for the Hanesbrands board of directors is about average.
Board of Directors

Ron Nelson

TITLE
Chairman
COMPENSATION
$270K
AGE
66
TENURE
0.3 yrs

Gerald Evans

TITLE
CEO & Director
COMPENSATION
$9M
AGE
60
TENURE
3.1 yrs

James Johnson

TITLE
Independent Director
COMPENSATION
$260K
AGE
66
TENURE
12.8 yrs

Ann Ziegler

TITLE
Independent Director
COMPENSATION
$260K
AGE
61
TENURE
10.6 yrs

Bob Moran

TITLE
Independent Director
COMPENSATION
$265K
AGE
68
TENURE
6 yrs

Bobby Griffin

TITLE
Independent Director
COMPENSATION
$245K
AGE
70
TENURE
12.8 yrs

Dave Singer

TITLE
Independent Director
COMPENSATION
$245K
AGE
63
TENURE
4.8 yrs

Franck Moison

TITLE
Independent Director
COMPENSATION
$245K
AGE
65
TENURE
4.5 yrs

Geralyn Breig

TITLE
Director
COMPENSATION
$263K
AGE
57
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hanesbrands individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. May 19 Buy Barry Hytinen Individual 08. May 19 08. May 19 10,000 $17.56 $175,600
17. Dec 18 Sell Jessica Mathews Individual 14. Dec 18 14. Dec 18 -15,000 $13.57 $-203,594
21. Nov 18 Buy Barry Hytinen Individual 20. Nov 18 20. Nov 18 10,100 $14.59 $147,340
20. Nov 18 Buy Ronald Nelson Individual 19. Nov 18 19. Nov 18 20,000 $14.83 $296,600
20. Nov 18 Buy Gerald Evans Individual 19. Nov 18 19. Nov 18 6,500 $14.98 $97,370
13. Nov 18 Sell Jessica Mathews Individual 12. Nov 18 12. Nov 18 -2,115 $16.54 $-34,982
06. Nov 18 Sell Joia Johnson Individual 05. Nov 18 05. Nov 18 -20,000 $16.52 $-330,322
06. Nov 18 Buy Ronald Nelson Individual 02. Nov 18 02. Nov 18 25,000 $15.95 $398,750
X
Management checks
We assess Hanesbrands's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hanesbrands has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HBI News

Simply Wall St News

What Do Analysts Think About Hanesbrands Inc.'s (NYSE:HBI) Future?

After Hanesbrands Inc.'s (NYSE:HBI) earnings announcement in March 2019, analysts seem fairly confident, with earnings expected to grow by 11% in the upcoming year compared with the past 5-year average growth rate of -4.4%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of HBI's earnings growth over these next few years. … NYSE:HBI Past and Future Earnings, July 22nd 2019 From the current net income level of US$553m and the final forecast of US$701m by 2022, the annual rate of growth for HBI’s earnings is 7.5%.

Simply Wall St -

We Think Hanesbrands (NYSE:HBI) In Taking Some Risk With Its Debt

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … This free cash flow puts the company in a good position to pay down debt, when appropriate. … Our View Both Hanesbrands's level of total liabilities and its net debt to EBITDA were discouraging.

Simply Wall St -

Why You Should Like Hanesbrands Inc.’s (NYSE:HBI) ROCE

Return On Capital Employed (ROCE): What is it? … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Hanesbrands: 0.17 = US$960m ÷ (US$7.8b - US$2.2b) (Based on the trailing twelve months to March 2019.) So, Hanesbrands has an ROCE of 17%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Are You An Income Investor? Don't Miss Out On Hanesbrands Inc. (NYSE:HBI)

NYSE:HBI Historical Dividend Yield, June 4th 2019 Payout ratios Dividends are usually paid out of company earnings. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Hanesbrands has grown its earnings per share at 13% per annum over the past five years. … Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends.

Simply Wall St -

An Intrinsic Calculation For Hanesbrands Inc. (NYSE:HBI) Suggests It's 29% Undervalued

Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $656.36 $699.23 $657.50 $912.00 $599.00 $601.20 $607.68 $617.23 $629.08 $642.69 Growth Rate Estimate Source Analyst x5 Analyst x4 Analyst x2 Analyst x1 Analyst x1 Est @ 0.37% Est @ 1.08% Est @ 1.57% Est @ 1.92% Est @ 2.16% Present Value ($, Millions) Discounted @ 9.09% $601.65 $587.52 $506.41 $643.87 $387.65 $356.64 $330.43 $307.65 $287.42 $269.16 Present Value of 10-year Cash Flow (PVCF)= $4.28b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … NYSE:HBI Intrinsic value, May 20th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Did Changing Sentiment Drive Hanesbrands's (NYSE:HBI) Share Price Down By 36%?

Truth be told the share price declined 36% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund. … Although the share price is down over three years, Hanesbrands actually managed to grow EPS by 9.6% per year in that time. … Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

Simply Wall St -

Our Take On Hanesbrands Inc.'s (NYSE:HBI) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gerald Evans's Compensation Compare With Similar Sized Companies. … is worth US$6.8b, and total annual CEO compensation is US$8.8m.

Simply Wall St -

Read This Before Selling Hanesbrands Inc. (NYSE:HBI) Shares

(NYSE:HBI), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Happily, the Hanesbrands insiders decided to buy shares at close to current prices.

Simply Wall St -

Is Hanesbrands Inc. (NYSE:HBI) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.57 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Hanesbrands Inc.'s (NYSE:HBI) Future?

(NYSE:HBI) released its earnings update. … analyst consensus outlook appear cautiously optimistic, … with earnings expected to grow by 9.2% in the upcoming year

Simply Wall St -

HBI Company Info

Description

Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells men’s underwear, women’s panties, children’s underwear, activewear, socks, and hosiery, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, Bali, JMS/Just My Size, Polo Ralph Lauren, Playtex, DKNY, Donna Karan, Alternative, Gear for Sports, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Nur Die/Nur Der, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third party embellishers, as well as directly to consumers through Internet. As of December 29, 2018, it operated 243 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 690 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.

Details
Name: Hanesbrands Inc.
HBI
Exchange: NYSE
Founded: 1901
$5,855,830,362
361,471,010
Website: http://www.hanes.com
Address: Hanesbrands Inc.
1000 East Hanes Mill Road,
Winston-Salem,
North Carolina, 27105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HBI Common Shares New York Stock Exchange US USD 16. Aug 2006
DB HN9 Common Shares Deutsche Boerse AG DE EUR 16. Aug 2006
LSE 0J2X Common Shares London Stock Exchange GB USD 16. Aug 2006
Number of employees
Current staff
Staff numbers
68,000
Hanesbrands employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:44
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/23
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.