Valuation Hennes & Mauritz AB

Equities

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 16/01/2026 GMT			5-day change	1st Jan Change
177.55 ^SEK	-1.00%		-0.87%	-4.49%

01-15	Kepler Cheuvreux Raises Target Price for H&M to 200 Kronor (190), Reiterates Buy - BN	FW
01-14	SHB Reiterates Buy Rating for H&M Ahead of Report – Market Underestimates Margin	FW

Data adjusted to current consolidation scope

Fiscal Period: November	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	300,561	264,812	190,119	272,519	242,679	283,922	283,922	-
Change	-	-11.89%	-28.21%	43.34%	-10.95%	16.99%	0%	-
Enterprise Value (EV) ¹	364,086	304,032	241,047	324,091	302,293	340,916	338,390	335,355
Change	-	-16.49%	-20.72%	34.45%	-6.73%	12.78%	-0.74%	-0.9%
P/E ratio	242x	24.1x	54x	31.4x	21x	24.6x	21x	18.9x
PBR	5.5x	4.41x	3.75x	5.72x	5.17x	6.44x	6.21x	5.88x
PEG	-	0x	-0.8x	0x	0.6x	327.24x	1.2x	1.7x
Capitalization / Revenue	1.61x	1.33x	0.85x	1.15x	1.03x	1.24x	1.23x	1.19x
EV / Revenue	1.95x	1.53x	1.08x	1.37x	1.29x	1.49x	1.46x	1.41x
EV / EBITDA	12.5x	8.09x	8.1x	8.64x	7.64x	8.68x	8.18x	7.79x
EV / EBIT	117x	19.9x	33.6x	22.3x	17.5x	19.4x	17.1x	15.7x
EV / FCF	16.3x	7.39x	13.1x	13x	14.9x	14.4x	12.4x	11.7x
FCF Yield	6.12%	13.5%	7.66%	7.71%	6.72%	6.92%	8.09%	8.54%
Dividend per Share ²	-	6.5	6.5	6.5	6.8	6.862	7.391	7.875
Rate of return	-	4.06%	5.57%	3.87%	4.5%	3.86%	4.16%	4.44%
EPS ²	0.75	6.65	2.16	5.35	7.21	7.215	8.451	9.379
Distribution rate	-	97.7%	301%	121%	94.3%	95.1%	87.5%	84%
Net sales ¹	187,031	198,967	223,571	236,035	234,478	228,890	231,356	237,662
EBITDA ¹	29,052	37,575	29,748	37,492	39,558	39,257	41,349	43,045
EBIT ¹	3,099	15,255	7,169	14,537	17,306	17,544	19,787	21,416
Net income ¹	1,243	11,010	3,566	8,752	11,584	11,573	13,487	14,898
Net Debt ¹	63,525	39,220	50,928	51,572	59,614	56,994	54,468	51,433
Reference price ²	181.60	160.00	116.66	167.90	151.25	177.55	177.55	177.55
Nbr of stocks (in thousands)	1,655,072	1,655,072	1,629,687	1,623,103	1,604,491	1,599,112	1,599,112	-
Announcement Date	29/01/21	28/01/22	27/01/23	31/01/24	30/01/25	-	-	-

¹SEK in Million²SEK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HENNES & MAURITZ AB	24.61x	1.49x	8.68x	3.86%	30.76B
INDITEX	28.27x	4.13x	14.81x	3.17%	202B
FAST RETAILING CO., LTD.	41.3x	4.83x	20.98x	0.85%	122B
ROSS STORES, INC.	29.72x	2.63x	18.7x	0.85%	62.22B
KERING	52.47x	3.11x	12.34x	1.16%	41.06B
TAPESTRY, INC.	23.86x	3.84x	16.72x	1.18%	26.75B
NEXT PLC	18.73x	2.59x	11.53x	4.35%	21.4B
BURLINGTON STORES, INC.	32.57x	1.74x	15.9x	-.--%	19.05B
LPP SA	19.98x	1.89x	8.91x	3.08%	10.36B
THE GAP, INC.	12.43x	0.57x	5.36x	2.43%	9.94B
Average	28.39x	2.68x	13.39x	2.09%	54.5B
Weighted average by Cap.	32.07x	3.62x	15.82x	2.1%