HM-B Stock Analysis: H & M Hennes & Mauritz | ST
Apparel Manufacturing | ST, Sweden | Market Cap: 264.838m SEK | 12M Return: 26.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 455M
EPS Trend: 82.1%
Qual. Beats: 0
Rev. Trend: -84.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
H & M Hennes & Mauritz AB is a Sweden-based global apparel and lifestyle retailer offering clothing, accessories, footwear, cosmetics, and home textiles for women, men, and children. It operates a multi-brand portfolio that includes H&M, H&M HOME, H&M Move, H&M Beauty, COS, Weekday, Monki, & Other Stories, ARKET, Cheap Monday, and Singular Society, selling through both online channels and physical stores. The company also runs circular-economy platforms such as Sellpy for second-hand fashion, Syre for textile-to-textile recycling, and Looper Textile for garment collection and sorting, and operates seasonal vegetarian cafés and coffee shops in select locations. Founded in 1943 and headquartered in Stockholm, H&M is a large-cap constituent of the consumer discretionary sector, competing in the highly cyclical and competitive global apparel market.
- Comparable sales decline as European discretionary spending weakens
- Gross margin pressured by rising cotton and freight costs
- Shein and Inditex intensify fast fashion price competition
| Net Income: 12.3b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 5.05 > 1.0 |
| NWC/Revenue: 1.98% < 20% (prev -0.12%; Δ 2.10% < -1%) |
| CFO/TA 0.20 > 3% & CFO 33.0b > Net Income 12.3b |
| Net Debt (115b) to EBITDA (38.5b): 2.98 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.60b) vs 12m ago -0.43% < -2% |
| Gross Margin: 42.00% > 18% (prev 52.59%; Δ -10.59% > 0.5%) |
| Asset Turnover: 132.1% > 50% (prev 138.6%; Δ -6.53% > 0%) |
| Interest Coverage Ratio: 7.73 > 6 (EBIT TTM 19.3b / Interest Expense TTM 2.49b) |
| A: 0.03 (Total Current Assets 69.5b - Total Current Liabilities 65.1b) / Total Assets 166b |
| B: 0.24 (Retained Earnings 39.4b / Total Assets 166b) |
| C: 0.12 (EBIT TTM 19.3b / Avg Total Assets 167b) |
| D: 0.26 (Book Value of Equity 33.9b / Total Liabilities 132b) |
| Altman-Z'' = 1.99 = BBB |
| DSRI: 0.96 (Receivables 15.8b/17.4b, Revenue 221b/233b) |
| GMI: 1.25 (GM 52.59% / 42.00%) |
| AQI: 0.91 (AQ_t 0.09 / AQ_t-1 0.10) |
| SGI: 0.95 (Revenue 221b / 233b) |
| TATA: -0.12 (NI 12.3b - CFO 33.0b) / TA 166b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of July 11, 2026, the stock is trading at SEK 165.10 with a total of 2,304,528 shares traded. Over the past week, the price has changed by -1.11%, over one month by -1.20%, over three months by -2.87% and over the past year by +26.42%.
Current recommended Stop Loss: 157.80 (which is 4.4% or 1.8 ATR below the current price).
H & M Hennes & Mauritz has no consensus analysts rating.
P/E Trailing = 21.6016
P/E Forward = 19.0476
P/S = 1.2001
P/B = 7.7556
P/EG = 2.5084
Revenue TTM = 221b SEK
EBIT TTM = 19.3b SEK
EBITDA TTM = 38.5b SEK
Long Term Debt = 18.3b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 12.3b SEK (from shortTermDebt, last quarter)
Debt = 134b SEK (from shortLongTermDebtTotal, last quarter) + Leases 56.4b
Net Debt = 115b SEK (calculated: Debt 134b - CCE 18.7b)
Enterprise Value = 380b SEK (265b + Debt 134b - CCE 18.7b)
Interest Coverage Ratio = 7.73 (Ebit TTM 19.3b / Interest Expense TTM 2.49b)
EV/FCF = 15.81x (Enterprise Value 380b / FCF TTM 24.0b)
FCF Yield = 6.32% (FCF TTM 24.0b / Enterprise Value 380b)
FCF Margin = 10.88% (FCF TTM 24.0b / Revenue TTM 221b)
Net Margin = 5.57% (Net Income TTM 12.3b / Revenue TTM 221b)
Gross Margin = 42.00% ((Revenue TTM 221b - Cost of Revenue TTM 128b) / Revenue TTM)
Gross Margin QoQ = 48.93% (prev 42.11%)
Tobins Q-Ratio = 2.29 (Enterprise Value 380b / Total Assets 166b)
Interest Expense / Debt = 1.87% (Interest Expense 2.49b / Debt 134b)
Taxrate = 25.42% (4.16b / 16.4b)
NOPAT = 14.4b (EBIT 19.3b * (1 - 25.42%))
Current Ratio = 1.07 (Total Current Assets 69.5b / Total Current Liabilities 65.1b)
Debt / Equity = 3.93 (Debt 134b / totalStockholderEquity, last quarter 33.9b)
Debt / EBITDA = 2.98 (Net Debt 115b / EBITDA 38.5b)
Debt / FCF = 4.78 (Net Debt 115b / FCF TTM 24.0b)
Total Stockholder Equity = 39.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.36% (Net Income 12.3b / Total Assets 166b)
RoE = 31.25% (Net Income TTM 12.3b / Total Stockholder Equity 39.4b)
RoCE = 33.39% (EBIT 19.3b / Capital Employed (Equity 39.4b + L.T.Debt 18.3b))
RoIC = 14.08% (NOPAT 14.4b / Invested Capital 102b)
WACC = 5.72% (E(265b)/V(398b) * Re(7.90%) + D(134b)/V(398b) * Rd(1.87%) * (1-Tc(0.25)))
Discount Rate = 7.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.75 | Cagr: -0.55%
[DCF] Terminal Value 77.97% ; FCFF base≈20.8b ; Y1≈23.8b ; Y5≈35.0b
[DCF] Fair Price = 293.9 (EV 527b - Net Debt 115b = Equity 412b / Shares 1.40b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 82.10 | EPS CAGR: 19.89% | SUE: 0.17 | # QB: 0
Revenue Correlation: -84.13 | Revenue CAGR: -2.20% | SUE: -0.65 | # QB: 0
EPS current Quarter (2026-08-31): EPS=2.17 | Chg30d=-2.18% | Revisions=-57% | Analysts=7
EPS current Year (2026-11-30): EPS=7.94 | Chg30d=-1.45% | Revisions=-74% | GrowthEPS=+4.8% | GrowthRev=-2.8%
EPS next Year (2027-11-30): EPS=8.42 | Chg30d=-3.70% | Revisions=-75% | GrowthEPS=+6.0% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: -82% (up=2, down=35)