Market Cap : 2.29 B | Enterprise Value : 6.35 B | PE Ratio : At Loss | PB Ratio : 5.74 |
---|
HBI has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
HBI has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hanesbrands's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Hanesbrands was -2.23. The lowest was -2.91. And the median was -2.58.
The historical data trend for Hanesbrands's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Apparel Manufacturing subindustry, Hanesbrands's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hanesbrands's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hanesbrands's Beneish M-Score falls in comparison to its industry or sector. The grey bar indicates the Beneish M-Score's extreme value range as defined by GuruFocus.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Hanesbrands for today is based on a combination of the following eight different indices:
M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
= | -4.84 | + | 0.92 * 0.8803 | + | 0.528 * 1.0942 | + | 0.404 * 0.9986 | + | 0.892 * 0.9165 | + | 0.115 * 1.1262 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 1.0014 | + | 4.679 * 0.0371 | - | 0.327 * 1.0496 | |||||||
= | -2.44 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Dec22) TTM: | Last Year (Dec21) TTM: |
Total Receivables was $721 Mil. Revenue was 1473.286 + 1670.741 + 1513.467 + 1576.156 = $6,234 Mil. Gross Profit was 501.977 + 562.852 + 572.101 + 584.178 = $2,221 Mil. Total Current Assets was $3,132 Mil. Total Assets was $6,504 Mil. Property, Plant and Equipment(Net PPE) was $857 Mil. Depreciation, Depletion and Amortization(DDA) was $106 Mil. Selling, General, & Admin. Expense(SGA) was $1,702 Mil. Total Current Liabilities was $1,791 Mil. Long-Term Debt & Capital Lease Obligation was $3,939 Mil. Net Income was -418.108 + 80.101 + 92.101 + 118.702 = $-127 Mil. Non Operating Income was -3.646 + -3.212 + -1.889 + -0.987 = $-10 Mil. Cash Flow from Operations was 132.88 + -50.608 + -209.885 + -231.189 = $-359 Mil. |
Total Receivables was $894 Mil. Revenue was 1752.349 + 1789.551 + 1751.311 + 1508.029 = $6,801 Mil. Gross Profit was 667.728 + 699.661 + 681.629 + 602.681 = $2,652 Mil. Total Current Assets was $3,528 Mil. Total Assets was $7,071 Mil. Property, Plant and Equipment(Net PPE) was $805 Mil. Depreciation, Depletion and Amortization(DDA) was $114 Mil. Selling, General, & Admin. Expense(SGA) was $1,854 Mil. Total Current Liabilities was $2,327 Mil. Long-Term Debt & Capital Lease Obligation was $3,608 Mil. |
1. DSRI = Days Sales in Receivables Index
Measured as the ratio of Revenue in Total Receivables in year t to year t-1.
A large increase in DSR could be indicative of revenue inflation.
DSRI | = | (Receivables_t / Revenue_t) | / | (Receivables_t-1 / Revenue_t-1) |
= | (721.396 / 6233.65) | / | (894.151 / 6801.24) | |
= | 0.1157261 | / | 0.13146882 | |
= | 0.8803 |
2. GMI = Gross Margin Index
Measured as the ratio of gross margin in year t-1 to gross margin in year t.
Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.
GMI | = | GrossMargin_t-1 | / | GrossMargin_t |
= | (GrossProfit_t-1 / Revenue_t-1) | / | (GrossProfit_t / Revenue_t) | |
= | (2651.699 / 6801.24) | / | (2221.108 / 6233.65) | |
= | 0.38988464 | / | 0.35630939 | |
= | 1.0942 |
3. AQI = Asset Quality Index
AQI is the ratio of asset quality in year t to year t-1.
Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.
AQI | = | (1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) | / | (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1) |
= | (1 - (3131.754 + 857.298) / 6503.876) | / | (1 - (3528.103 + 805.255) / 7071.436) | |
= | 0.38666543 | / | 0.38720254 | |
= | 0.9986 |
4. SGI = Sales Growth Index
Ratio of Revenue in year t to sales in year t-1.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
SGI | = | Sales_t | / | Sales_t-1 |
= | Revenue_t | / | Revenue_t-1 | |
= | 6233.65 | / | 6801.24 | |
= | 0.9165 |
5. DEPI = Depreciation Index
Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI | = | (Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) | / | (Depreciation_t / (Depreciaton_t + PPE_t)) |
= | (114.198 / (114.198 + 805.255)) | / | (106.267 / (106.267 + 857.298)) | |
= | 0.12420211 | / | 0.11028524 | |
= | 1.1262 |
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.
SGA expenses index > 1 means that the company is becoming less efficient in generate sales.
SGAI | = | (SGA_t / Sales_t) | / | (SGA_t-1 /Sales_t-1) |
= | (1701.563 / 6233.65) | / | (1853.971 / 6801.24) | |
= | 0.27296415 | / | 0.27259309 | |
= | 1.0014 |
7. LVGI = Leverage Index
The ratio of total debt to Total Assets in year t relative to yeat t-1.
An LVGI > 1 indicates an increase in leverage
LVGI | = | ((LTD_t + CurrentLiabilities_t) / TotalAssets_t) | / | ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1) |
= | ((3938.721 + 1790.63) / 6503.876) | / | ((3607.943 + 2327.053) / 7071.436) | |
= | 0.88091332 | / | 0.83929148 | |
= | 1.0496 |
8. TATA = Total Accruals to Total Assets
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA | = | (IncomefromContinuingOperations_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
= | (NetIncome_t - NonOperatingIncome_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t | |
= | (-127.204 - -9.734 | - | -358.802) | / | 6503.876 | |
= | 0.0371 |
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Hanesbrands has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Thank you for viewing the detailed overview of Hanesbrands's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert F Moran | director | C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222 |
Tracy M Preston | officer: GC, Corp Sec and CCO | 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105 |
James C Johnson | director | 1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149 |
Kristin L Oliver | officer: Chief Human Resources Officer | 11215 METRO PARKWAY, FORT MYERS FL 33966 |
Franck J Moison | director | C/O COLGATE PALMOLIVE CO, 300 PARK AVE 15TH FL, NEW YORK NY 10022 |
Ann Elizabeth Ziegler | director | ONE EAST WACKER DR, CHICAGO IL 60601 |
Bobby J Griffin | director | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902 |
Cheryl K Beebe | director | CORN PRODUCTS INTERNATIONAL INC, 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154 |
Ronald L Nelson | director | |
Vanessa Lefebvre Robinson | officer: President Activewear - Global | 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105 |
Stephen B Bratspies | director, officer: Chief Executive Officer | 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105 |
Greg Leroy Hall | officer: Chief Consumer Officer | 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105 |
William S Simon | director | 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837 |
Michael Dastugue | officer: Chief Financial Officer | 6501 LEGACY DRIVE, PLANO TX 75024 |
Joseph W Cavaliere | officer: Group Pres., Global Innerwear | 1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105 |
From GuruFocus
By Business Wire 11-14-2022
By Business Wire 01-20-2022
By Business Wire 03-15-2022
By Business Wire 07-21-2022
By Business Wire 10-27-2022
By Business Wire 04-25-2022
Other Sources
By Yahoo Finance 2023-01-10
By Yahoo Finance 2023-01-12
By Yahoo Finance 2023-01-26
By Seekingalpha 2023-01-30
By Yahoo Finance 2023-01-17
By Zacks 2023-01-30
By Yahoo Finance 2023-01-04
By Yahoo Finance 2023-01-27
By Yahoo Finance 2023-01-06
By Yahoo Finance 2023-01-23
By Yahoo Finance 2023-01-09
By Yahoo Finance 2023-01-12
By Yahoo Finance 2023-01-30
By Yahoo Finance 2023-01-13