Hanesbrands Inc.
Find Ratings ReportsHANESBRANDS INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. HANESBRANDS INC has weak liquidity. Currently, the Quick Ratio is 0.55 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 5.29% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 1296.83 | 1473.29 |
EBITDA ($mil) | 137.21 | 114.52 |
EBIT ($mil) | 110.75 | 86.56 |
Net Income ($mil) | 77.94 | -418.11 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 205.5 | 238.41 |
Total Assets ($mil) | 5640.31 | 6503.88 |
Total Debt ($mil) | 3765.3 | 4091.02 |
Equity ($mil) | 419.35 | 398.26 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 40.24 | 36.17 |
EBITDA Margin | 10.58 | 7.77 |
Operating Margin | 8.54 | 5.88 |
Sales Turnover | 1.0 | 0.96 |
Return on Assets | -0.31 | -1.95 |
Return on Equity | -4.23 | -32.94 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.64 | 1.75 |
Debt/Capital | 0.9 | 0.91 |
Interest Expense | 69.69 | 50.35 |
Interest Coverage | 1.59 | 1.72 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 350.14 | 349.01 |
Div / share | 0.0 | 0.15 |
EPS | 0.22 | -1.19 |
Book value / share | 1.2 | 1.14 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 7969992.0 | 7803527.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 4.44 indicates valuation on par with the S&P 500 average of 4.68 and a significant discount versus the subsector average of 9.67. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, HANESBRANDS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HBI NM | Peers 39.40 | HBI 3.32 | Peers 19.79 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. HBI's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. HBI is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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HBI 8.06 | Peers 22.28 | HBI NA | Peers 1.64 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. HBI is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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HBI 4.44 | Peers 9.67 | HBI 86.85 | Peers -13.15 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. HBI is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. HBI is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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HBI 0.33 | Peers 3.67 | HBI -9.58 | Peers 12.06 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. HBI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HBI significantly trails its peers on the basis of sales growth. |
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