H & M Hennes & Mauritz AB (publ)

OM:HM B 주식 리포트

시가총액: SEK 279.5b

H & M Hennes & Mauritz 향후 성장

Future 기준 점검 3/6

H & M Hennes & Mauritz (는) 각각 연간 6.2% 및 2.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 6.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 32.3% 로 예상됩니다.

핵심 정보

6.2%

이익 성장률

6.38%

EPS 성장률

Specialty Retail 이익 성장9.2%
매출 성장률2.6%
향후 자기자본이익률32.28%
애널리스트 커버리지

Good

마지막 업데이트21 Jul 2026

최근 향후 성장 업데이트

분석 기사 • Feb 02

H & M Hennes & Mauritz AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

H & M Hennes & Mauritz AB (publ) ( STO:HM B ) last week reported its latest annual results, which makes it a good time...
분석 기사 • Sep 29

Results: H & M Hennes & Mauritz AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Shareholders of H & M Hennes & Mauritz AB (publ) ( STO:HM B ) will be pleased this week, given that the stock price is...

Recent updates

내러티브 업데이트 • Jun 27

HM B: Future Returns Will Rely On Margins And Capital Return Discipline

The analyst price target for H & M Hennes & Mauritz has been revised lower to SEK 155 from about SEK 163, as analysts factor in muted sales growth and a softer outlook reflected in a series of recent target cuts and rating downgrades. Analyst Commentary Analysts covering H & M Hennes & Mauritz have been trimming their price targets in stages, with several moves clustered over recent months.
내러티브 업데이트 • Jun 13

HM B: Lower Margin Outlook And Cautious Rating Will Sustain Downside Risk

Analysts have reduced the price target on H & M Hennes & Mauritz to SEK 114 from SEK 120, citing updated assumptions for growth, margins, and a higher future P/E multiple. Analyst Commentary Recent research shows a cluster of cautious moves on H & M Hennes & Mauritz, with several bearish analysts trimming price targets across different time frames.
내러티브 업데이트 • May 30

HM B: Future Margin Discipline May Support Re Rating Despite Lower Street Expectations

H & M Hennes & Mauritz’s analyst price targets have generally shifted lower, with cuts such as SEK 5 at Deutsche Bank, SEK 9 at Citi and larger reductions at JPMorgan and Morgan Stanley, as analysts reassess the stock’s outlook despite relatively stable modeled fair value and profitability assumptions. Analyst Commentary Recent research has generally pointed to a more cautious stance on H & M Hennes & Mauritz, with several price targets adjusted lower and ratings such as Hold and Underweight reiterated.
내러티브 업데이트 • May 14

HM B: Lower Future P/E Assumptions Will Sustain Downside Risk

Narrative Update The analyst price target for H & M Hennes & Mauritz has been revised from SEK 123 to SEK 120. Analysts cite updated assumptions around revenue growth, profit margins, discount rate and future P/E, along with recent target cuts and downgrades from several firms, as the key reasons for the change.
내러티브 업데이트 • Apr 21

HM B: Future Margin Discipline And Buybacks May Support Earnings Resilience

Analysts have nudged their price targets on H & M Hennes & Mauritz slightly lower overall. Recent reductions of SEK 3 to SEK 9 from several firms have partially offset earlier increases of SEK 2 to SEK 10.
내러티브 업데이트 • Apr 06

HM B: Future Margin Discipline And Capital Returns May Support Fair Upside

The analyst fair value estimate for H & M Hennes & Mauritz has been adjusted from SEK 194.0 to SEK 200.0 as analysts factor in updated assumptions on revenue growth, profit margins and discount rate, along with recent Street price target changes and rating revisions. Analyst Commentary Street research on H & M Hennes & Mauritz over recent weeks reflects a mixed backdrop, with several firms adjusting targets and ratings as new information comes through.
분석 기사 • Apr 06

H & M Hennes & Mauritz's (STO:HM B) Earnings Offer More Than Meets The Eye

H & M Hennes & Mauritz AB (publ)'s ( STO:HM B ) solid earnings announcement recently didn't do much to the stock price...
내러티브 업데이트 • Mar 23

HM B: Future Returns Will Depend On Execution And Capital Return Discipline

Analysts have inched their fair value estimate for H & M Hennes & Mauritz higher to SEK 163.42 from SEK 162.62, reflecting recent mixed Street research in which some banks raised price targets into the mid SEK 170s, while others shifted to more cautious views in the mid SEK 160s and adjusted assumptions for discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent Street research on H & M Hennes & Mauritz points to a mixed setup, with some analysts marking up price targets and others turning more cautious.
내러티브 업데이트 • Mar 08

HM B: Future Returns Will Hinge On Mixed Execution And Payout Signals

Analysts have increased the fair value estimate for H & M Hennes & Mauritz to SEK 162.62 from SEK 161.86, reflecting updated views on slightly stronger revenue growth and margin assumptions, as well as recent mixed price target changes ranging between SEK 167 and SEK 174. Analyst Commentary Recent Street research around H & M Hennes & Mauritz shows a mix of optimism and caution, with price targets clustered in a relatively tight SEK 167 to SEK 174 range and ratings split between Neutral and Sell.
내러티브 업데이트 • Feb 22

HM B: Future Margin Execution Will Still Fail To Support Current Pricing

Analysts have nudged their blended fair value estimate for H & M Hennes & Mauritz higher, from about SEK 159 to roughly SEK 162, citing updated assumptions around margins, growth and future P/E multiples, alongside a mix of recent price target cuts and one increase across the Street. Analyst Commentary Recent Street research on H & M Hennes & Mauritz has been mixed, with several firms adjusting ratings and price targets in different directions.
내러티브 업데이트 • Feb 08

HM B: Elevated Margin Hopes Will Sustain Downside Risk To Future P/E

Analysts have lifted their SEK 113.78 fair value estimate for H & M Hennes & Mauritz to SEK 123.00, reflecting updated assumptions on the discount rate, revenue trends, profit margin, and future P/E, following recent price target moves from several banks. Analyst Commentary Street research on H & M Hennes & Mauritz has been mixed, with some banks lifting price targets while others are trimming them or maintaining cautious ratings.
분석 기사 • Feb 02

H & M Hennes & Mauritz AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

H & M Hennes & Mauritz AB (publ) ( STO:HM B ) last week reported its latest annual results, which makes it a good time...
내러티브 업데이트 • Jan 25

HM B: Future Earnings Power Will Still Fail To Support Current Pricing

Analysts have modestly lifted their fair value estimate for H & M Hennes & Mauritz to 159.08 from 150.74, reflecting mixed Street price target moves between SEK 107 and SEK 123, along with updated assumptions on discount rate, revenue growth, profit margins and future P/E expectations. Analyst Commentary Street research on H & M Hennes & Mauritz is mixed, with recent changes in price targets clustered between SEK 107 and SEK 123.
내러티브 업데이트 • Jan 10

HM B: Elevated Margin Assumptions Will Sustain Downside Risk To Future P/E

Analysts have raised their fair value estimate for H & M Hennes & Mauritz from SEK 102.71 to about SEK 113.78, reflecting updated assumptions on discount rate, revenue trends, profit margin and future P/E. Recent Street research has ranged from a lower SEK 107 target to a higher SEK 123 target.
분석 기사 • Jan 08

H & M Hennes & Mauritz (STO:HM B) Is Experiencing Growth In Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
분석 기사 • Dec 26

H & M Hennes & Mauritz (STO:HM B) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
내러티브 업데이트 • Dec 23

HM B: Future Margin Gains And Cost Discipline May Support Fair Outlook

Analysts have moderately increased their price target on H & M Hennes & Mauritz, lifting their fair value estimate by roughly SEK 30 per share to SEK 194, as they factor in slightly stronger profit margins despite trimming long term revenue growth expectations and applying a higher future P E multiple. Analyst Commentary Recent Street research on H & M Hennes & Mauritz reflects a mixed but gradually improving sentiment, with moves in price targets suggesting that expectations for earnings quality and balance sheet resilience are stabilizing.
내러티브 업데이트 • Dec 09

HM B: Future Margin Gains Will Prove Insufficient To Justify Current Pricing

The analyst price target for H & M Hennes & Mauritz has edged up slightly to SEK 150.74 from SEK 150.65, as analysts factor in modest improvements in profit margins that more than offset slightly softer revenue growth expectations. Analyst Commentary Recent Street research shows a mixed stance on H & M Hennes & Mauritz, with some upward price target revisions offset by renewed caution from more skeptical voices.
내러티브 업데이트 • Nov 24

HM B: Incremental Price Increases Will Fail To Offset Margin Pressure

H & M Hennes & Mauritz’s analyst price target has been raised slightly, with recent upward moves from SEK 120 to SEK 123, SEK 113 to SEK 115, and SEK 125 to SEK 130. Analysts cite gradual improvements in key financial metrics and outlook.
내러티브 업데이트 • Nov 07

HM B: Margin Pressure Will Likely Hinder Durable Share Price Recovery

Narrative Update: H & M Hennes & Mauritz Analyst Price Target Analysts have modestly increased their price targets for H & M Hennes & Mauritz. New valuations raise the fair value estimate by approximately SEK 2 to SEK 149.78, reflecting updated profit margin forecasts and adjustments in discount rates.
내러티브 업데이트 • Oct 24

Discount Rates And New Store Formats Will Support Long-Term Performance

H & M Hennes & Mauritz's analyst price target has seen a modest increase to SEK 147.57 from SEK 147.15, as analysts cite improving revenue growth outlook and slightly lower discount rates, both of which support this upward revision. Analyst Commentary Bullish Takeaways Bullish analysts highlight a series of modest price target increases, signaling renewed optimism for H & M Hennes & Mauritz's valuation prospects.
분석 기사 • Oct 18

H & M Hennes & Mauritz (STO:HM B) Has Announced A Dividend Of SEK3.40

The board of H & M Hennes & Mauritz AB (publ) ( STO:HM B ) has announced that it will pay a dividend of SEK3.40 per...
내러티브 업데이트 • Oct 10

Upgraded Stores And Sellpy Expansion Will Fuel Future Success

Analysts have raised their price targets for H & M Hennes & Mauritz, with estimates increasing from SEK 113 to SEK 115 and from SEK 125 to SEK 130. They cite improvements in expected revenue growth and profit margins.
분석 기사 • Oct 05

Why H & M Hennes & Mauritz's (STO:HM B) Earnings Are Better Than They Seem

H & M Hennes & Mauritz AB (publ) ( STO:HM B ) announced a healthy earnings result recently, and the market rewarded it...
분석 기사 • Oct 02

H & M Hennes & Mauritz (STO:HM B) Has Announced A Dividend Of SEK3.40

H & M Hennes & Mauritz AB (publ) ( STO:HM B ) will pay a dividend of SEK3.40 on the 12th of November. The payment will...
분석 기사 • Sep 29

Results: H & M Hennes & Mauritz AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Shareholders of H & M Hennes & Mauritz AB (publ) ( STO:HM B ) will be pleased this week, given that the stock price is...
내러티브 업데이트 • Sep 26

Upgraded Stores And Sellpy Expansion Will Fuel Future Success

Despite a slight decline in consensus revenue growth forecasts, improved net profit margins have driven a moderate increase in the consensus analyst price target for H & M Hennes & Mauritz from SEK132.96 to SEK136.83. What's in the News H&M collaborated with Arvind Limited and Deven Supercriticals to inaugurate India's first supercritical CO₂ dyeing machine, significantly reducing water, energy, and chemical use in textile dyeing, supporting sustainability and textile innovation.
분석 기사 • Sep 25

Subdued Growth No Barrier To H & M Hennes & Mauritz AB (publ)'s (STO:HM B) Price

H & M Hennes & Mauritz AB (publ)'s ( STO:HM B ) price-to-earnings (or "P/E") ratio of 25.3x might make it look like a...
내러티브 업데이트 • Sep 04

Upgraded Stores And Sellpy Expansion Will Fuel Future Success

The consensus target for H&M remains steady at SEK132.96, as analysts weigh modest sales growth and cost improvements against ongoing margin pressures, sector competition, and valuation concerns. Analyst Commentary Mixed outlook due to recent quarterly results reflecting continued sales growth but margin pressures.
User avatar
새로운 내러티브 • Nov 07

Revamping Digital Experience And Critical Store Placements Propel Brand Growth Forward

Investment in shopping experience, enhancing digital presence, and high-profile marketing boosts brand perception, aiming to drive revenue and market share growth.

이익 및 매출 성장 예측

OM:HM B - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
11/30/2028233,35014,10526,01434,34522
11/30/2027227,89913,16625,63233,84525
11/30/2026221,85412,38023,11632,22725
5/31/2026220,67312,30123,06533,007N/A
2/28/2026222,55912,29220,20930,944N/A
11/30/2025228,28512,15820,44131,120N/A
8/31/2025231,25710,78318,05429,688N/A
5/31/2025233,2519,87215,86527,918N/A
2/28/2025236,14210,97220,04231,990N/A
11/30/2024234,47811,62120,30831,756N/A
8/31/2024234,93510,21423,56233,989N/A
5/31/2024236,82111,22428,48138,031N/A
2/29/2024234,8329,44324,04932,930N/A
11/30/2023236,0358,74524,98533,949N/A
8/31/2023235,8186,30123,28231,266N/A
5/31/2023232,3713,50417,35324,639N/A
2/28/2023229,2593,89019,38826,107N/A
11/30/2022223,5533,56618,73424,745N/A
8/31/2022217,9339,05121,15825,630N/A
5/31/2022216,06813,21232,65436,991N/A
2/28/2022208,07312,29738,70042,307N/A
11/30/2021198,96711,01041,15544,619N/A
8/31/2021194,7038,87443,63847,115N/A
5/31/2021189,9886,00339,17442,203N/A
2/28/2021172,143-1,75520,59724,999N/A
11/30/2020187,0311,24320,79825,900N/A
8/31/2020196,1762,97020,57527,712N/A
5/31/2020207,8785,00815,00623,803N/A
2/29/2020236,68814,568N/A33,991N/A
11/30/2019232,75513,443N/A28,986N/A
8/31/2019227,47512,774N/A23,636N/A
5/31/2019220,72412,014N/A21,253N/A
2/28/2019215,23412,083N/A21,812N/A
11/30/2018210,40012,652N/A21,287N/A
8/31/2018204,39313,102N/A20,268N/A
5/31/2018199,80113,840N/A19,778N/A
2/28/2018199,20015,099N/A20,533N/A
11/30/2017200,00416,184N/A21,587N/A
8/31/2017202,31718,105N/A22,465N/A
5/31/2017200,07019,088N/A22,151N/A
2/28/2017195,56118,548N/A21,814N/A
11/30/2016192,26718,636N/A23,775N/A
8/31/2016188,24118,248N/A23,803N/A
5/31/2016185,28318,734N/A23,037N/A
2/29/2016184,27619,830N/A23,449N/A
11/30/2015180,86120,898N/A24,067N/A
8/31/2015174,81121,594N/A23,962N/A

애널리스트 향후 성장 전망

수입 대 저축률: HM B 의 연간 예상 수익 증가율(6.2%)이 saving rate(2.1%)보다 높습니다.

수익 vs 시장: HM B 의 연간 수익(6.2%)이 Swedish 시장(7.3%)보다 느리게 성장할 것으로 예상됩니다.

고성장 수익: HM B 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: HM B 의 수익(연간 2.6%)이 Swedish 시장(연간 -1.3%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 매출: HM B 의 수익(연간 2.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: HM B의 자본 수익률은 3년 후 32.3%로 높을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/08/17 13:59
종가2026/08/14 00:00
수익2026/05/31
연간 수익2025/11/30

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.

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산업 및 섹터 지표

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분석가 소스

H & M Hennes & Mauritz AB (publ)는 53명의 분석가가 다루고 있습니다. 이 중 25명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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