Gildan Activewear Inc
GIL: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 18.00 | Gdspjy | Ppmqsry |
Gildan Earnings: Good Execution Despite Market Turbulence; Shares Fully Valued
No-moat Gildan’s efficient supply chain and market positioning allowed it to overcome uneven demand and post results that eclipsed our estimates in the third quarter. While demand trends will negatively affect its full-year results, its outlook is in line with our forecast. Thus, we do not expect to make any material changes to our fair value estimates of $31/CAD 41.50, leaving shares fairly valued.