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H & M Hennes & Mauritz AB (HM-B) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 262B SEK

HM H & M Hennes & Mauritz AB HM-B · ST
Pricekr 162.95
Fair Valuekr 165.47
Upside+1.6%
Quality68/100
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Evidence: High Range kr 110.57 – kr 224.94 📤 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 4 days ago

Share price −4.2% over the past month.

Price vs Fair Value (12 months)

kr 190.08 kr 123.12 Fair Value kr 165.47 Jul 2025 Jul 2026

12‑month range kr 123.12 – kr 190.08 · fair‑value band kr 110.57 – kr 224.94 · the kr 162.95 price screens below the kr 165.47 fair value. As of Jul 17, 2026.

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Analysis

H & M Hennes & Mauritz AB (HM-B) currently trades at kr 162.95, while our model-based Fair Value estimate is kr 165.47, implying the stock looks roughly 1.6% fairly valued today. We read business quality at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, H & M Hennes & Mauritz AB generated revenue of 223B SEK at a net margin of 5.5%. Revenue declined 10.3% year over year. It earns a return on equity of 27.9%. Net debt stands at 102B SEK. Fundamentals as of Jul 17, 2026

Our scenario range runs from kr 110.57 (bear case) to kr 224.94 (bull case); at kr 162.95, the current price sits within that range. The share trades about 14% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at 2%, HM-B screens richer than that median.

Key figures & financial health

Revenue (TTM) 221B SEK
Revenue growth (YoY) -3.3%
Net margin 5.6%
Return on equity 34.7%
Free cash flow 21.9B SEK FY2025
P/E ratio 21.3
More key figures
Operating margin 11.0%
EPS (TTM) kr 7.68
Dividend yield 4.3%
EPS growth (YoY) +0.7%
Net debt 102B SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.

About the company

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, accessories, ready-to-wear, activewear, and jeans; interior products, including bed linens, towels and tablecloths, tableware, furniture, and lighting; and beauty products, such as make-up and fragrance collections. The company provides its products under the H&M, H&M HOME, H&M Move, H&M Beauty, COS, Cheap Monday, Weekday, Monki, & Other Stories, ARKET, and Singular Society brand names. In addition, it operates Sellpy, a broad digital platform for second-hand fashion and other products; Smartex.ai, a platform that detects faults in real time and helps in textile production; Syre, a platform which focuses on scaling textile-to-textile recycling primarily polyester; and A Retro Tale offers selected vintage and secondhand accessories, as well as provides collecting and sorting solutions to extend …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

H & M Hennes & Mauritz AB reported revenue of kr 228B in FY2025 versus kr 199B in FY2021, a compound +3.5%/yr. Reported net income was kr 12.2B in FY2025, compounding +2.5%/yr from FY2021.

Revenue +3.5%/yr
FY21 kr 199B
FY22 kr 224B
FY23 kr 236B
FY24 kr 234B
FY25 kr 228B
Net income +2.5%/yr
FY21 kr 11.0B
FY22 kr 3.6B
FY23 kr 8.8B
FY24 kr 11.6B
FY25 kr 12.2B

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Cite: Fair Value Calculator (2026). "H & M Hennes & Mauritz AB Fair Value". https://www.fairvalue-calculator.com/stock/HM-B

Recent news

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Frequently asked questions

Is H & M Hennes & Mauritz AB (HM-B) undervalued?
As of Jul 17, 2026, our model estimates a fair value of kr 165.47 versus a price of kr 162.95, about +2% (fairly valued). Model-based estimate, not financial advice.
What is the fair value of HM-B?
Our model-based fair value for H & M Hennes & Mauritz AB is kr 165.47 (as of Jul 17, 2026), built from audited fundamentals. The current price is kr 162.95.
What is the quality score of HM-B?
H & M Hennes & Mauritz AB has a Quality Score of 68/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of H & M Hennes & Mauritz AB (HM-B)?
H & M Hennes & Mauritz AB reported trailing-twelve-month revenue of about 223B SEK (latest available figure, as of Jul 17, 2026).
What is the net profit margin of HM-B?
The net profit margin of H & M Hennes & Mauritz AB is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does H & M Hennes & Mauritz AB pay a dividend?
H & M Hennes & Mauritz AB currently shows a dividend yield of about 4.28% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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