Obermatt

H&M

STO:HM B · SE0000106270
Specialty RetailLarge

360

34
EV / EBIT34
Price / Owner Earnings28
Owner Earnings Yield48
Dividend Yield85
Price/Sales19
EV / Gross Profit31
Price/Book12
Return on Capital67
Cash Return on Capital66
Return on Equity76
EBIT Margin57
Gross Profitability73
Cash Conversion73
Accruals60
Owner Earnings Margin52
Sales growth16
Profit Growth96
Long-Term EPS Growth40
Owner Earnings Growth83
Reinvestment16
Price momentum85
Debt load29
Refinancing50
Debt Payback36
Liquidity76
Analyst ratings5
Opinion Changes50
Price Target Upside4
Market mood46
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

H&M generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySweden
IndustrySpecialty Retail
SizeLarge
TypePublic Company
ExchangeOM
Founded1943
Employees37,870
ISINSE0000106270
Last UpdateApr 2, 2026
Themes
Disposal and RecyclingCollaborative ConsumptionCoffeeLifestyleGreen Consumer GoodsFast-Moving Consumer GoodsAdvertisingPersonal BrandingRetail

Description

H & M Hennes & Mauritz AB (publ) operates as a clothing retail company. Business Segments The company operates through various business segments that cater to distinct consumer needs and preferences. The primary segments can be categorized as follo…

Analysis

Middle-of-the-road

H & M Hennes & Mauritz AB (publ) is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 30.9× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 12% yearly growth; analysts expect 5%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is moderate and the balance sheet is stretched. The company scores 14/20 on our value-creation score: strong value creator.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
27
2023202420252026

All-time high

53

Aug 2023

All-time low

4

Jun 2025

Average rank

25

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
19
25
25
41
Price/Earnings
17
34
21
41
Price/Book
12
20
15
38
Dividend Yield
85
73
75
80
Value (overall)
27
26
30
30

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →