Gildan Activewear Stock Z Score

GIL Stock

USD 49.83 0.35 0.71%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Gildan Activewear Piotroski F Score and Gildan Activewear Valuation analysis.

For more information on how to buy Gildan Stock please use our How to buy in Gildan Stock guide.

At this time, Gildan Activewear's Capital Surpluse is quite stable compared to the past year. Net Invested Capital is expected to rise to about 3 B this year, although the value of Capital Stock will most likely fall to about 216.9 M. At this time, Gildan Activewear's Income Before Tax is quite stable compared to the past year. Net Income is expected to rise to about 560.3 M this year, although the value of Total Revenue will most likely fall to about 1.8 B.

Gildan Activewear Company Z Score Analysis

Gildan Activewear's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Gildan Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Gildan Activewear is extremely important. It helps to project a fair market value of Gildan Stock properly, considering its historical fundamentals such as Z Score. Since Gildan Activewear's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Gildan Activewear's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Gildan Activewear's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Common Stock	Net Tangible Assets	Long Term Debt	Good Will	Short Term Investments	Deferred Long Term Liab	Short Long Term Debt	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.7	0.52	0.55	0.48	0.49	0.54	0.97	-0.31	0.47	-0.55	0.38	-0.11	0.8	0.45	0.63	0.52	-0.24	0.96	0.44	0.21	0.27	-0.07	0.3	0.35
Total Stockholder Equity	0.7		-0.04	0.97	0.13	0.66	-0.1	0.57	0.18	0.64	-0.09	-0.08	0.32	0.23	0.01	0.01	-0.03	0.25	0.73	-0.25	-0.22	-0.29	-0.21	0.21	-0.14
Net Debt	0.52	-0.04		-0.2	0.26	0.1	0.94	0.56	-0.31	-0.01	-0.66	0.86	-0.49	0.7	0.87	0.66	0.89	-0.4	0.56	0.73	0.75	0.38	0.5	-0.32	0.7
Retained Earnings	0.55	0.97	-0.2		0.02	0.62	-0.27	0.41	0.28	0.67	0.05	-0.24	0.37	0.09	-0.17	-0.15	-0.19	0.34	0.57	-0.39	-0.38	-0.39	-0.26	0.25	-0.32
Accounts Payable	0.48	0.13	0.26	0.02		0.24	0.32	0.55	-0.65	0.0	-0.21	0.07	-0.21	0.34	0.24	0.42	0.23	-0.6	0.35	0.27	0.24	0.09	-0.17	0.21	0.18
Net Receivables	0.49	0.66	0.1	0.62	0.24		0.02	0.42	-0.01	0.3	0.04	0.13	0.35	0.03	0.17	0.0	-0.1	-0.01	0.57	-0.07	0.09	-0.28	0.08	-0.16	0.23
Total Liab	0.54	-0.1	0.94	-0.27	0.32	0.02		0.62	-0.49	-0.12	-0.77	0.89	-0.61	0.77	0.88	0.8	0.86	-0.55	0.56	0.86	0.76	0.61	0.4	-0.21	0.74
Total Current Assets	0.97	0.57	0.56	0.41	0.55	0.42	0.62		-0.41	0.31	-0.55	0.43	-0.2	0.83	0.47	0.7	0.54	-0.35	0.92	0.58	0.29	0.41	-0.03	0.34	0.43
Short Term Debt	-0.31	0.18	-0.31	0.28	-0.65	-0.01	-0.49	-0.41		0.01	0.53	-0.25	0.58	-0.5	-0.3	-0.64	-0.35	0.96	-0.17	-0.55	-0.24	-0.48	0.29	-0.19	-0.22
Intangible Assets	0.47	0.64	-0.01	0.67	0.0	0.3	-0.12	0.31	0.01		-0.17	-0.27	0.06	0.37	-0.18	0.11	0.11	0.07	0.39	-0.23	-0.54	-0.26	-0.53	0.37	-0.46
Current Deferred Revenue	-0.55	-0.09	-0.66	0.05	-0.21	0.04	-0.77	-0.55	0.53	-0.17		-0.71	0.55	-0.69	-0.74	-0.66	-0.71	0.55	-0.55	-0.64	-0.53	-0.47	-0.14	0.12	-0.5
Common Stock	0.38	-0.08	0.86	-0.24	0.07	0.13	0.89	0.43	-0.25	-0.27	-0.71		-0.46	0.49	0.96	0.56	0.77	-0.34	0.51	0.72	0.89	0.46	0.63	-0.55	0.87
Net Tangible Assets	-0.11	0.32	-0.49	0.37	-0.21	0.35	-0.61	-0.2	0.58	0.06	0.55	-0.46		-0.54	-0.44	-0.68	-0.62	0.59	-0.03	-0.62	-0.29	-0.63	0.07	-0.02	-0.2
Long Term Debt	0.8	0.23	0.7	0.09	0.34	0.03	0.77	0.83	-0.5	0.37	-0.69	0.49	-0.54		0.5	0.88	0.75	-0.44	0.7	0.73	0.24	0.61	-0.11	0.36	0.34
Good Will	0.45	0.01	0.87	-0.17	0.24	0.17	0.88	0.47	-0.3	-0.18	-0.74	0.96	-0.44	0.5		0.59	0.81	-0.37	0.56	0.61	0.9	0.36	0.53	-0.58	0.81
Short Term Investments	0.63	0.01	0.66	-0.15	0.42	0.0	0.8	0.7	-0.64	0.11	-0.66	0.56	-0.68	0.88	0.59		0.74	-0.55	0.54	0.76	0.37	0.8	-0.18	0.19	0.45
Deferred Long Term Liab	0.52	-0.03	0.89	-0.19	0.23	-0.1	0.86	0.54	-0.35	0.11	-0.71	0.77	-0.62	0.75	0.81	0.74		-0.38	0.52	0.67	0.61	0.47	0.24	-0.22	0.58
Short Long Term Debt	-0.24	0.25	-0.4	0.34	-0.6	-0.01	-0.55	-0.35	0.96	0.07	0.55	-0.34	0.59	-0.44	-0.37	-0.55	-0.38		-0.13	-0.57	-0.35	-0.38	0.08	-0.05	-0.29
Property Plant Equipment	0.96	0.73	0.56	0.57	0.35	0.57	0.56	0.92	-0.17	0.39	-0.55	0.51	-0.03	0.7	0.56	0.54	0.52	-0.13		0.42	0.35	0.2	0.12	0.09	0.48
Long Term Debt Total	0.44	-0.25	0.73	-0.39	0.27	-0.07	0.86	0.58	-0.55	-0.23	-0.64	0.72	-0.62	0.73	0.61	0.76	0.67	-0.57	0.42		0.57	0.79	0.32	0.08	0.72
Capital Surpluse	0.21	-0.22	0.75	-0.38	0.24	0.09	0.76	0.29	-0.24	-0.54	-0.53	0.89	-0.29	0.24	0.9	0.37	0.61	-0.35	0.35	0.57		0.28	0.74	-0.65	0.89
Cash And Equivalents	0.27	-0.29	0.38	-0.39	0.09	-0.28	0.61	0.41	-0.48	-0.26	-0.47	0.46	-0.63	0.61	0.36	0.8	0.47	-0.38	0.2	0.79	0.28		-0.08	0.26	0.43
Net Invested Capital	-0.07	-0.21	0.5	-0.26	-0.17	0.08	0.4	-0.03	0.29	-0.53	-0.14	0.63	0.07	-0.11	0.53	-0.18	0.24	0.08	0.12	0.32	0.74	-0.08		-0.62	0.69
Net Working Capital	0.3	0.21	-0.32	0.25	0.21	-0.16	-0.21	0.34	-0.19	0.37	0.12	-0.55	-0.02	0.36	-0.58	0.19	-0.22	-0.05	0.09	0.08	-0.65	0.26	-0.62		-0.47
Capital Stock	0.35	-0.14	0.7	-0.32	0.18	0.23	0.74	0.43	-0.22	-0.46	-0.5	0.87	-0.2	0.34	0.81	0.45	0.58	-0.29	0.48	0.72	0.89	0.43	0.69	-0.47

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Gildan Activewear

According to the company's disclosures, Gildan Activewear has a Z Score of 0.0. This is 100.0% lower than that of the Textiles, Apparel & Luxury Goods sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

Gildan Activewear ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Gildan Activewear's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Gildan Activewear's managers, analysts, and investors.

Environmental

Governance

Social

Gildan Activewear Institutional Holders

Institutional Holdings refers to the ownership stake in Gildan Activewear that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Gildan Activewear's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Gildan Activewear's value.

		Shares
Norges Bank	2024-06-30	2.2 M
Edgepoint Investment Group, Inc.	2024-09-30	1.9 M
Vaughan Nelson Scarbrgh & Mccullough Lp	2024-06-30	1.6 M
Morgan Stanley - Brokerage Accounts	2024-06-30	1.6 M
Massachusetts Financial Services Company	2024-09-30	1.5 M
Bank Of Montreal	2024-06-30	1.3 M
Bmo Capital Markets Corp.	2024-06-30	1.3 M
Goldman Sachs Group Inc	2024-06-30	1.3 M
Alberta Investment Management Corp	2024-09-30	1.2 M
Jarislowsky Fraser Ltd	2024-09-30	10.3 M
Cooke & Bieler Lp	2024-09-30	9.9 M

Gildan Fundamentals

	Return On Equity	0.24
	Return On Asset	0.11
	Profit Margin	0.13 %
	Operating Margin	0.22 %
	Current Valuation	9.2 B
	Shares Outstanding	154.42 M
	Shares Owned By Insiders	2.38 %
	Shares Owned By Institutions	86.26 %
	Number Of Shares Shorted	2.29 M
	Price To Earning	12.74 X
	Price To Book	4.91 X
	Price To Sales	2.38 X
	Revenue	3.2 B
	Gross Profit	958.51 M
	EBITDA	743.03 M
	Net Income	533.58 M
	Cash And Equivalents	150.42 M
	Cash Per Share	0.80 X
	Total Debt	1.08 B
	Debt To Equity	0.51 %
	Current Ratio	3.11 X
	Book Value Per Share	9.98 X
	Cash Flow From Operations	546.61 M
	Short Ratio	5.15 X
	Earnings Per Share	2.51 X
	Price To Earnings To Growth	1.73 X
	Target Price	54.71
	Number Of Employees	49 K
	Beta	1.6
	Market Capitalization	7.69 B
	Total Asset	3.51 B
	Retained Earnings	1.61 B
	Working Capital	963.45 M
	Current Asset	1.25 B
	Current Liabilities	368.71 M
	Annual Yield	0.02 %
	Five Year Return	1.46 %
	Net Asset	3.51 B
	Last Dividend Paid	0.8

About Gildan Activewear Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Gildan Activewear's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gildan Activewear using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gildan Activewear based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Gildan Activewear is a strong investment it is important to analyze Gildan Activewear's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gildan Activewear's future performance. For an informed investment choice regarding Gildan Stock, refer to the following important reports:

How To Invest In Gildan

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Is Gildan Stock a good investment?

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What is Gildan Activewear's Net Worth?

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Check out Gildan Activewear Piotroski F Score and Gildan Activewear Valuation analysis.

For more information on how to buy Gildan Stock please use our How to buy in Gildan Stock guide.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gildan Activewear. If investors know Gildan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gildan Activewear listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.124

Dividend Share

0.801

Earnings Share

2.51

Revenue Per Share

19.316

Quarterly Revenue Growth

0.024

The market value of Gildan Activewear is measured differently than its book value, which is the value of Gildan that is recorded on the company's balance sheet. Investors also form their own opinion of Gildan Activewear's value that differs from its market value or its book value, called intrinsic value, which is Gildan Activewear's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gildan Activewear's market value can be influenced by many factors that don't directly affect Gildan Activewear's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Gildan Activewear's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gildan Activewear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gildan Activewear's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gildan Activewear Stock Z Score

Gildan Activewear Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Gildan Z Score Driver Correlations

Gildan Activewear ESG Sustainability

Gildan Activewear Institutional Holders

Gildan Fundamentals

About Gildan Activewear Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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