Skip to Content

Hennes & Mauritz AB Class B HM B

Rating as of

Morningstar’s Analysis

Valuation
Currency in SEK
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

H&M's Rebound From Coronavirus Pandemic Is Hindered by Currencies, China; Profit Development Solid

Jelena Sokolova, CFA Senior Equity Analyst

Analyst Note

| Jelena Sokolova, CFA |

We are maintaining our fair value estimate of SEK 168 for no-moat Hennes & Mauritz as the company reported an expected uplift in third-quarter revenue and improvement in its operating margin to 11.3%. Shares look fairly valued.

Read Full Analysis

Company Profile

Business Description

Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue (90%), but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing more quickly. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 15% in Asia and Oceania, and 16% in North and South America. The company operates over 5,000 stores globally (60% of those in Europe), of which 4,429 are H&M-brand stores.

Contact
Master Samuelsgatan 46A
Stockholm, SE-106 38, Sweden
T +46 87965500
Sector Consumer Cyclical
Industry Apparel Manufacturing
Most Recent Earnings Aug 31, 2021
Fiscal Year End Nov 30, 2021
Stock Type
Employees 153,000