Professional
Added to YB: 2020-07-15
Pitch date: 2020-07-15
HBI [bullish]
Hanesbrands Inc.
-48.81%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
Hanesbrands Inc. designs, manufactures, sources, and sells a range of range of innerwear apparel for men, women, and children in the Americas, Europe, the Asia pacific, and internationally.
Market Cap
$1.7B
Pitch Price
$12.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.15
P/E
-16.71
EV/Sales
1.14
Sector
Textiles, Apparel and Luxury Goods
Category
growth
1 Main Holdings top position: Hanesbrands Inc (HBI)
HBI: Leading basics/activewear brands Hanes & Champion. 35% avg ROE since '06 spin-off but stock pressured by retail destocking. Consumer-direct rev 4x in 5yrs to 25%+ of sales. Champion doubled rev in 3yrs, targeting $3B from $2B on athleisure trend. COVID disrupted expected '20 inflection to $900M FCF. Bought in May <5x FCF, 6x EBITDA w/ Champion alone worth more than EV. New CEO ex-WMT a catalyst.
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