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STOCK COMPARISON

Wacoal vs H & M Hennes & Mauritz AB (publ): Fair Value & Quality

Both stocks run through our valuation models. Here is how Wacoal (WACOAL) and H & M Hennes & Mauritz AB (publ) (HM-B) compare, as of Sep 1, 2026.

As of Sep 1, 2026, Fair Value Calculator sees H & M Hennes & Mauritz AB (publ) as the less overvalued of the two: Wacoal trades at THB 16.00 versus a fair value of THB 4.80 (-70%), while H & M Hennes & Mauritz AB (publ) trades at SEK 176 versus SEK 165 (-6%).
Wacoal
WACOAL.BK · THB · Consumer Discretionary
-70%
upside to fair value
overvalued
PriceTHB 16.00
Fair ValueTHB 4.80
Quality43/100
H & M Hennes & Mauritz AB (publ)
HM-B.ST · SEK · Consumer Discretionary
-6%
upside to fair value
fairly valued
PriceSEK 176
Fair ValueSEK 165
Quality72/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

WacoalH & M Hennes & Mauritz AB (publ)
Valuation
P/E (TTM)21.3×
0.02×P/S (TTM)1.19×
P/B6.10×
EV/EBITDA10.8×
0.80×PEG2.59×
3.4%Dividend yield4.0%
THB 0.55Dividend per shareSEK 7.10
Profitability
-3%Net margin6%
-2%Operating margin11%
-2%Return on equity35%
-3%Return on assets7%
Growth
-7%Revenue growth (YoY)-3%
-8.9%Avg. growth/yr (3Y)0.7%
0.1%Avg. growth/yr (5Y)4.1%
Balance & size
Debt / equity0.43×
$57MMarket cap$27B
weakGrowth qualitymixed

H & M Hennes & Mauritz AB (publ) leads: 2 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Wacoalof which business quality 44 · market factors 29 H & M Hennes & Mauritz AB (publ)of which business quality 69 · market factors 62
ProfitabilityMargins and returns on capital today
15
76
Quality GrowthAre margins and returns improving?
11
37
CashflowEarnings quality: real cash, not paper profit
7
65
Fin. StrengthBalance sheet, leverage, solvency risk
75
58
InvestmentDisciplined investing over empire-building
100
96
Low VolatilityCalm price path (market factor)
54
69
MomentumPrice trend over the last 3–12 months (market factor)
26
51
52W MomentumDistance to the 52-week high (market factor)
5
72
Net IssuanceBuybacks instead of dilution
82
89

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyWacoalPrice THB 16.00H & M Hennes & Mauritz AB (publ)Price SEK 176
DCF Modelsn/a+45%above the priceSEK 255
Earnings-Basedn/a-52%below the priceSEK 84.94
Dividend Discount-67%below the priceTHB 5.29n/a
Multiplesn/a+4%close to the priceSEK 182
Asset-Based+74%above the priceTHB 27.78-88%below the priceSEK 20.51
Growth DCFn/a+39%above the priceSEK 244
Economic Profitn/a-37%below the priceSEK 110
Growth Earningsn/a-8%close to the priceSEK 162
Minimum-67%below the priceTHB 5.29-88%below the priceSEK 20.51
Maximum+74%above the priceTHB 27.78+45%above the priceSEK 255
Median+3%close to the priceTHB 16.54-8%close to the priceSEK 162
Geometric mean-24%below the priceTHB 12.12-32%below the priceSEK 120

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Wacoal: 2 of 3 models see the stock below the current price.

H & M Hennes & Mauritz AB (publ): 11 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Wacoal
Bear THB 4.47Fair Value THB 4.80Bull THB 5.29
THB 16.00 = current price (white tick)
H & M Hennes & Mauritz AB (publ)
Bear SEK 111Fair Value SEK 165Bull SEK 225
SEK 176 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Wacoal · Consumer Discretionary

Quality score43 · bottom 25%
Fair value upside-70% · bottom 25%

H & M Hennes & Mauritz AB (publ) · Consumer Discretionary

Quality score72 · Top 25%
Fair value upside-6% · above median

Bottom line

As of Sep 1, 2026, Fair Value Calculator sees H & M Hennes & Mauritz AB (publ) as the less overvalued of the two: Wacoal trades at THB 16.00 versus a fair value of THB 4.80 (-70%), while H & M Hennes & Mauritz AB (publ) trades at SEK 176 versus SEK 165 (-6%).

H & M Hennes & Mauritz AB (publ) has the higher quality score (72/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.