Hanesbrands Inc Intrinsic Value – HANESBRANDS INC Reports FY2023 Q2 Earnings Results as of June 30 2023
August 28, 2023
🌥️Earnings Overview
On August 10 2023, Hanesbrands Inc ($NYSE:HBI) reported its FY2023 Q2 earnings results, which were effective as of June 30 2023. The company’s total revenue was USD 1439.0 million, a 4.9% decrease from the previous year’s second quarter. Net income for the quarter was USD -22.5 million, a significant drop from the net income of 92.1 million in the same quarter of FY2022.
Stock Price
On Thursday, HANESBRANDS INC reported their results for the second quarter of FY2023, ending June 30, 2023. The company’s stock opened at $4.9 and closed at $5.3, which was 1.1% lower than its prior closing price of $5.3. Overall, HANESBRANDS INC reported a strong quarter with increases in both net income and EPS. This is a positive sign that the company is continuing to grow and is well-positioned for further success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hanesbrands Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.97k | -394.88 | -6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hanesbrands Inc. More…
| Operations | Investing | Financing |
| 214.5 | -84.59 | -183.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hanesbrands Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.28k | 5.93k | 0.99 |
Key Ratios Snapshot
Some of the financial key ratios for Hanesbrands Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.6% | -25.2% | 5.0% |
| FCF Margin | ROE | ROA |
| 1.8% | 54.5% | 3.0% |
Analysis – Hanesbrands Inc Intrinsic Value
GoodWhale conducted an analysis of HANESBRANDS INC‘s financials and our proprietary Valuation Line has determined the intrinsic value of HANESBRANDS INC’s share to be around $11.9. However, the stock is currently trading at $5.3, which is a 55.3% discount from its intrinsic value. This implies that HANESBRANDS INC’s stock is currently undervalued and there might be a good investment opportunity here. More…
Peers
Hanesbrands Inc is an American clothing company with a range of clothing products including underwear, socks, and t-shirts. The company has a range of competitors including VF Corp, Hennes & Mauritz AB, and Ralph Lauren Corp.
– VF Corp ($NYSE:VFC)
VF Corporation is an American multinational clothing and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. The company’s more than 30 brands include Vans, The North Face, Timberland, and Wrangler. VF is the world’s largest apparel company and one of the largest publicly traded companies in the United States with a market capitalization of over $10 billion. The company’s return on equity is 22.53%.
VF Corporation is a diversified apparel and footwear company with a portfolio of well-known brands including Vans, The North Face, Timberland, and Wrangler. The company operates in more than 170 countries and employs over 70,000 people worldwide. VF is committed to responsible business practices and is a signatory of the United Nations Global Compact.
– Hennes & Mauritz AB ($OTCPK:HNNMY)
H&M is a leading global fashion company with around 52,000 employees. The company’s business concept is to offer fashion and quality at the best price in a sustainable way. H&M has been listed on Nasdaq Stockholm since 1974.
– Ralph Lauren Corp ($NYSE:RL)
Ralph Lauren Corp is a company that focuses on the design and production of high-quality clothing and accessories. The company has a market cap of 6.28B as of 2022 and a return on equity of 19.37%. This makes it a very attractive investment for those looking for a company with a strong financial position and a history of success.
Summary
Hanesbrands Inc saw a 4.9% decline in its total revenue for the second quarter of fiscal 2023 (ending June 30, 2023) when compared to the same quarter of the previous year. The reported net income for the quarter was a loss of USD -22.5 million, a substantial decrease from the net income of 92.1 million in the same quarter of FY2022. Investors should be cautious when considering investing in Hanesbrands Inc at this time due to these financial losses and lack of growth in total revenue. With such a significant decline in net income, it is essential for investors to closely monitor future financial developments in order to determine whether or not investing in Hanesbrands Inc is a sound decision.
