H&M
164.8 SEK -1.58%3,718 investors are following this company
Hennes & Mauritz is a retail chain. The range consists of clothing, shoes, and accessories. The group also includes brands such as COS, Monki, Weekday, Cheap Monday, and Other Stories. Today, the company also conducts business in home furnishings via H&M Home. The company has a presence in all global regions. H&M was originally founded in 1947 and is headquartered in Stockholm, Sweden.
P/E (24e)
18.89
EV/EBIT (adj.) (24e)
15.57
P/B (24e)
5.21
Dividend yield-% (24e)
4.25 %
Target price
170.00 SEK
Recommendation
Reduce
Updated
28.6.2024
NASDAQ Stockholm
HM B
Daily low / high price
163.45 / 168.45
SEK
Market cap
265.42B SEK
Turnover
670.48M SEK
Volume
4.1M
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Rauli Juva
Analyst
Financial calendar
Interim report
2024-09-26
Half year dividend
2024-11-07
Annual report
2025-01-30
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Stefan Persson and family | 58.7 % | 80.5 % |
Lottie Tham | 5.4 % | 2.6 % |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 187,031.0 | 198,967.0 | 223,553.0 | 236,035.0 | 239,274.0 | 249,800.0 | 261,827.0 | 274,600.0 |
growth-% | -19.6 % | 6.4 % | 12.4 % | 5.6 % | 1.4 % | 4.4 % | 4.8 % | 4.9 % |
EBITDA | 29,052.0 | 37,575.0 | 29,748.0 | 37,492.0 | 42,186.0 | 46,515.9 | 47,624.6 | 49,027.1 |
EBIT (adj.) | 3,099.0 | 15,255.0 | 9,760.0 | 13,538.0 | 20,482.0 | 23,799.9 | 24,856.5 | 26,047.2 |
EBIT | 3,099.0 | 15,255.0 | 7,169.0 | 14,537.0 | 20,283.0 | 23,799.9 | 24,856.5 | 26,047.2 |
Profit before taxes | 2,052.0 | 14,300.0 | 6,216.0 | 13,010.0 | 18,482.0 | 22,299.9 | 23,656.5 | 25,547.2 |
Net income | 1,243.0 | 11,010.0 | 3,566.0 | 8,723.0 | 13,852.0 | 16,836.5 | 17,860.7 | 19,288.2 |
EPS (adj.) | 0.75 | 6.65 | 3.74 | 4.73 | 8.72 | 10.45 | 11.09 | 11.98 |
growth-% | -90.8 % | 785.8 % | -43.8 % | 26.4 % | 84.5 % | 19.8 % | 6.1 % | 8.0 % |
Dividend | 0.00 | 6.50 | 6.50 | 6.50 | 7.00 | 7.50 | 8.50 | 11.98 |
Dividend ratio | 97.7 % | 299.8 % | 120.9 % | 81.4 % | 71.7 % | 76.6 % | 100.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.5 % | 18.9 % | 13.3 % | 15.9 % | 17.6 % | 18.6 % | 18.2 % | 17.9 % |
EBIT-% (adj.) | 1.7 % | 7.7 % | 4.4 % | 5.7 % | 8.6 % | 9.5 % | 9.5 % | 9.5 % |
EBIT-% | 1.7 % | 7.7 % | 3.2 % | 6.2 % | 8.5 % | 9.5 % | 9.5 % | 9.5 % |
ROE | 2.2 % | 19.2 % | 6.4 % | 17.7 % | 28.1 % | 31.4 % | 30.1 % | 29.6 % |
ROI | 3.0 % | 11.7 % | 5.7 % | 11.7 % | 16.1 % | 18.7 % | 19.6 % | 20.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (SEK) | 172.00 | 178.08 | 112.24 | 176.62 | 164.80 | 164.80 | 164.80 | 164.80 |
Shares | 1,655.1 | 1,655.1 | 1,645.0 | 1,622.0 | 1,610.5 | 1,610.5 | 1,610.5 | 1,610.5 |
Market cap | 284,672.0 | 294,734.9 | 184,634.8 | 286,477.6 | 265,410.4 | 265,410.4 | 265,410.4 | 265,410.4 |
Enterprise value | 348,197.0 | 333,954.9 | 235,562.8 | 338,049.6 | 318,900.4 | 317,042.5 | 315,851.3 | 315,488.8 |
EV/S | 1.9 | 1.7 | 1.1 | 1.4 | 1.3 | 1.3 | 1.2 | 1.1 |
EV/EBITDA | 12.0 | 8.9 | 7.9 | 9.0 | 7.6 | 6.8 | 6.6 | 6.4 |
EV/EBIT (adj.) | 112.4 | 21.9 | 24.1 | 25.0 | 15.6 | 13.3 | 12.7 | 12.1 |
EV/EBIT | 112.4 | 21.9 | 32.9 | 23.3 | 15.7 | 13.3 | 12.7 | 12.1 |
P/E (adj.) | 229.0 | 26.8 | 30.0 | 37.4 | 18.9 | 15.8 | 14.9 | 13.8 |
P/E | 229.0 | 26.8 | 51.8 | 33.1 | 19.2 | 15.8 | 14.9 | 13.8 |
P/B | 5.2 | 4.9 | 3.6 | 6.0 | 5.2 | 4.7 | 4.3 | 3.9 |
P/S | 1.5 | 1.5 | 0.8 | 1.2 | 1.1 | 1.1 | 1.0 | 1.0 |
Dividend yield | 3.7 % | 5.8 % | 3.7 % | 4.3 % | 4.6 % | 5.2 % | 7.3 % | |
Equity ratio | 31.3 % | 33.4 % | 27.9 % | 26.3 % | 28.4 % | 31.0 % | 34.4 % | 36.1 % |
Gearing ratio | 116.3 % | 65.3 % | 100.3 % | 108.3 % | 105.1 % | 91.4 % | 81.0 % | 73.8 % |
Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 60,897.0 | 62,650.0 | 236,035.0 | 53,669.0 | 59,605.0 | 61,600.0 | 64,400.0 | 239,274.0 | |
EBITDA | 10,466.0 | 10,562.0 | 37,492.0 | 7,480.0 | 12,598.0 | 11,332.0 | 10,776.0 | 42,186.0 | |
EBIT | 4,739.0 | 4,332.0 | 14,537.0 | 2,077.0 | 7,098.0 | 5,832.0 | 5,276.0 | 20,283.0 | |
Profit before taxes | 4,373.0 | 3,916.0 | 13,010.0 | 1,606.0 | 6,668.0 | 5,382.0 | 4,826.0 | 18,482.0 | |
Net income | 3,319.0 | 1,576.0 | 8,723.0 | 1,201.0 | 4,995.0 | 4,036.5 | 3,619.5 | 13,852.0 |
ShowingAll content types
H & M Hennes & Mauritz AB Six-month report 2024
H & M Hennes & Mauritz AB Sexmånadersrapport 2024
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