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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 the useful life of no longer used garments through reuse and recycling under Looper Textile name. Further, the company operates seasonal vegetarian cafés and coffee shops. It offers its products through online and physical stores. H & M Hennes & Mauritz AB (publ) was incorporated in 1943 and is headquartered in Stockholm, Sweden.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
H & M Hennes & Mauritz AB is a global apparel retailer selling clothing, accessories and home goods through a network of stores and online platforms. Long-term growth drivers include expansion of e-commerce and omnichannel services, scale advantages in sourcing and distribution, and penetration into emerging markets which may benefit revenue and margins. Investors may find the company attractive for its established brand, broad geographic footprint and operational scale that could support steady cash generation over time.
Material risks include intense competition from fast-fashion and online retailers, shifting consumer preferences and seasonality, currency and supply-chain exposure, and execution risk managing inventory and margins across markets.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
| Income before tax | 15371.74M | 15443.00M | 13010.00M | 6216.00M | 14300.00M |
| Minority interest | 73.00M | 37.00M | 29.00M | - | - |
| Net income | 11534.97M | 11621.00M | 8752.00M | 3566.00M | 11010.00M |
| Selling general administrative | 10269.00M | 9929.00M | 10895.00M | 11566.00M | 9216.00M |
| Selling and marketing expenses | 93023.00M | 78041.00M | 96435.00M | 94542.00M | 80535.00M |
| Gross profit | 98258.83M | 125299.00M | 120896.00M | 113277.00M | 105006.00M |
| Reconciled depreciation | 21140.00M | 22252.00M | 22955.00M | 22579.00M | 22320.00M |
| Ebit | 18015.92M | 18274.00M | 15153.00M | 7169.00M | 15255.00M |
| Ebitda | 37395.21M | 40526.00M | 38108.00M | 29910.00M | 37778.00M |
| Depreciation and amortization | 19379.28M | 22252.00M | 22955.00M | 22741.00M | 22523.00M |
| Operating income | 17579.49M | 17306.00M | 14537.00M | 7169.00M | 15255.00M |
| Other operating expenses | 199007.20M | 217172.00M | 221498.00M | 216384.00M | 183712.00M |
| Interest expense | 2517.05M | 2753.00M | 2143.00M | 1115.00M | 1158.00M |
| Tax provision | 4117.00M | 3859.00M | 4287.00M | 2650.00M | 3290.00M |
| Interest income | 460.00M | 890.00M | 616.00M | 162.00M | 203.00M |
| Net interest income | -2193.00M | -1863.00M | -1527.00M | -953.00M | -955.00M |
| Income tax expense | 3906.03M | 3859.00M | 4287.00M | 2650.00M | 3290.00M |
| Total revenue | 216586.70M | 234478.00M | 236035.00M | 223553.00M | 198967.00M |
| Total operating expenses | 80679.34M | 107993.00M | 106359.00M | 106108.00M | 89751.00M |
| Cost of revenue | 118327.86M | 109179.00M | 115139.00M | 110276.00M | 93961.00M |
| Total other income expense net | -2207.76M | -1863.00M | -1527.00M | -953.00M | -955.00M |
| Net income from continuing ops | 12085.00M | 11584.00M | 8723.00M | 3566.00M | 11010.00M |
| Net income applicable to common shares | - | - | - | 3566.00M | 11010.00M |
| Breakdown | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
| Total assets | 170523.04M | 180214.00M | 181273.00M | 182048.00M | 179781.00M |
| Intangible assets | 6743.89M | 7717.00M | 746.00M | 9092.00M | 9492.00M |
| Other current assets | 5483.85M | 6754.00M | 13472.00M | 681.00M | 14209.00M |
| Total liab | 127512.97M | 134003.00M | 133672.00M | 131291.00M | 119763.00M |
| Total stockholder equity | 42984.03M | 46142.00M | 47519.00M | 50757.00M | 60018.00M |
| Deferred long term liab | - | - | - | 8931.00M | 9268.00M |
| Other current liab | 26522.88M | 27500.00M | 30366.00M | 33535.00M | 5149.00M |
| Common stock | 207.30M | 207.00M | 207.00M | 207.00M | 207.00M |
| Capital stock | 207.00M | 207.00M | 207.00M | 207.00M | 207.00M |
| Retained earnings | 39474.88M | 39490.00M | 41116.00M | 44694.00M | 57466.00M |
| Other liab | - | - | - | 4031.00M | 4029.00M |
| Good will | 1014.49M | 1013.00M | 1013.00M | 64.00M | 64.00M |
| Other assets | - | - | 14877.00M | 16407.00M | 15754.00M |
| Cash | 20938.70M | 17340.00M | 26398.00M | 21707.00M | 27471.00M |
| Total current liabilities | 61693.46M | 66650.00M | 67927.00M | 68335.00M | 61177.00M |
| Current deferred revenue | - | - | 1377.00M | - | 23512.00M |
| Net debt | 101691.11M | 59614.00M | 51572.00M | 50928.00M | 39220.00M |
| Short term debt | 14314.00M | 12476.00M | 15157.00M | 13710.00M | 12134.00M |
| Short long term debt | 2345.00M | 0.00M | 2998.00M | 1135.00M | 436.00M |
| Short long term debt total | 122629.81M | 76954.00M | 77970.00M | 72635.00M | 66691.00M |
| Other stockholder equity | - | 6445.00M | 6196.00M | 5856.00M | 2345.00M |
| Property plant equipment | - | - | - | 82736.00M | 79662.00M |
| Total current assets | 72601.46M | 75727.00M | 80529.00M | 79523.00M | 78986.00M |
| Net tangible assets | - | - | - | 50532.00M | 59730.00M |
| Short term investments | - | - | 1204.00M | - | -860.00M |
| Net receivables | 12875.88M | 11285.00M | 3301.00M | 3014.00M | 7980.00M |
| Long term debt | 18330.00M | 14117.00M | 14084.00M | 9643.00M | 9178.00M |
| Inventory | 35479.02M | 40348.00M | 37358.00M | 42495.00M | 37306.00M |
| Accounts payable | 20856.58M | 24417.00M | 21027.00M | 21090.00M | 20382.00M |
| Accumulated other comprehensive income | 3301.84M | - | 6196.00M | - | - |
| Non currrent assets other | 2820.00M | 4147.00M | 14877.00M | 4095.00M | 1.00M |
| Non current assets total | 97921.58M | 104487.00M | 100744.00M | 102525.00M | 100795.00M |
| Capital lease obligations | 56872.00M | 62837.00M | 60888.00M | 61857.00M | 57077.00M |
| Breakdown | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
| Investments | 64.00M | -11574.00M | -9619.00M | -6813.00M | -614.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -10071.04M | -11574.00M | -9619.00M | -6813.00M | -4078.00M |
| Net borrowings | 7149.00M | -3214.00M | 5904.00M | -11459.00M | -19427.00M |
| Total cash from financing activities | -15472.31M | -29205.00M | -18615.00M | -25146.00M | -30185.00M |
| Change to operating activities | - | - | - | 2598.00M | 12459.00M |
| Net income | 11534.97M | 15443.00M | 8752.00M | 6216.00M | 14300.00M |
| Change in cash | 5938.34M | -9058.00M | 4691.00M | -5764.00M | 10931.00M |
| Begin period cash flow | 15000.36M | 26398.00M | 21707.00M | 27471.00M | 16540.00M |
| End period cash flow | 20938.70M | 17340.00M | 26398.00M | 21707.00M | 27471.00M |
| Total cash from operating activities | 29525.28M | 31756.00M | 33949.00M | 24476.00M | 44619.00M |
| Depreciation | 19379.28M | 22252.00M | 22955.00M | 22579.00M | 22320.00M |
| Other cashflows from investing activities | 60.72M | -1514.00M | -978.00M | - | - |
| Dividends paid | 10347.13M | 10456.00M | 10577.00M | -10687.00M | -10758.00M |
| Change to inventory | 3591.04M | -3036.00M | 5248.00M | -3734.00M | 1263.00M |
| Change to account receivables | -2924.07M | -2299.00M | -594.00M | -452.00M | -736.00M |
| Sale purchase of stock | -240.98M | -2928.00M | -1075.00M | -3000.00M | - |
| Other cashflows from financing activities | -11808.21M | -12607.00M | -12867.00M | -11459.00M | -7152.00M |
| Change to netincome | - | - | - | -81.00M | -1697.00M |
| Capital expenditures | 8766.50M | 11448.00M | 8964.00M | 6011.00M | 3464.00M |
| Change in working capital | -2496.18M | -4989.00M | 4843.00M | -1588.00M | 12986.00M |
| Other non cash items | 1107.20M | -950.00M | -2601.00M | -2731.00M | -4987.00M |
| Free cash flow | 20758.78M | 20308.00M | 24985.00M | 18465.00M | 41155.00M |
Sector: Consumer Cyclical Industry: Apparel Manufacturing
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HNNMY H & M Hennes & Mauritz AB ADR |
0.16 4.53% |
3.69 | 20.75 | 19.92 | 1.18 | 7.66 | 1.37 | 7.70 |
| RL Ralph Lauren Corp Class A |
17.66 4.48% |
412.06 | 21.11 | 18.15 | 2.39 | 7.47 | 2.56 | 13.95 |
| MONRY Moncler S.p.A. |
2.70 5.39% |
52.90 | 18.44 | 16.67 | 4.27 | 3.30 | 3.80 | 9.33 |
| MONRF Moncler S.p.A. |
- -% |
48.75 | 18.71 | 16.53 | 4.25 | 3.28 | 3.80 | 9.33 |
| GIL Gildan Activewear Inc. |
- -% |
43.27 | 36.71 | 8.76 | 1.79 | 2.63 | 2.83 | 21.45 |
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 the useful life of no longer used garments through reuse and recycling under Looper Textile name. Further, the company operates seasonal vegetarian cafés and coffee shops. It offers its products through online and physical stores. H & M Hennes & Mauritz AB (publ) was incorporated in 1943 and is headquartered in Stockholm, Sweden.
| Name | Title | Year Born |
|---|---|---|
| Ms. Helena Helmersson | Chief Exec. Officer | 1973 |
| Mr. Adam Karlsson | Chief Financial Officer | 1976 |
| Anders Jonasson | Chief Accountant | NA |
| Mr. Alan Boehme | Chief Technology Officer | NA |
| Nils Vinge | Head of Investor Relations/Franchise | NA |
| Fredrik Björkstedt | Head of Legal | NA |
| Kristina Stenvinkel | Head of Communications & Communications Director | NA |
| Doris Klein | Head of HR | NA |
| Madeleine Persson | MD of H&M and H&M HOME | NA |
| Ms. Anna Birgitta Attemark | Head of New Bus. | 1968 |
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