H & M Hennes & Mauritz Future Growth

Future criteria checks 2/6

H & M Hennes & Mauritz is forecast to grow earnings and revenue by 16.9% and 3.8% per annum respectively. EPS is expected to grow by 17.2% per annum. Return on equity is forecast to be 31% in 3 years.

Key information

16.9%

Earnings growth rate

17.2%

EPS growth rate

Specialty Retail earnings growth	38.0%
Revenue growth rate	3.8%
Future return on equity	31.0%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

XTRA:HMSB - Analysts future estimates and past financials data (SEK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
11/30/2026	253,875	16,638	14,257	39,070	22
11/30/2025	245,266	14,953	16,022	36,942	25
11/30/2024	236,638	12,420	11,516	34,127	25
8/31/2024	234,935	10,123	23,562	33,989	N/A
5/31/2024	236,821	11,132	28,481	38,031	N/A
2/29/2024	234,832	9,420	24,049	32,930	N/A
11/30/2023	236,035	8,752	24,985	33,949	N/A
8/31/2023	235,818	6,301	23,282	31,266	N/A
5/31/2023	232,371	3,504	17,353	24,639	N/A
2/28/2023	229,259	3,890	19,388	26,107	N/A
11/30/2022	223,553	3,566	18,734	24,745	N/A
8/31/2022	217,933	9,051	21,158	25,630	N/A
5/31/2022	216,068	13,212	32,654	36,991	N/A
2/28/2022	208,073	12,297	38,700	42,307	N/A
11/30/2021	198,967	11,010	41,155	44,619	N/A
8/31/2021	194,703	8,874	43,638	47,115	N/A
5/31/2021	189,988	6,003	39,174	42,203	N/A
2/28/2021	172,143	-1,755	20,597	24,999	N/A
11/30/2020	187,031	1,243	20,798	25,900	N/A
8/31/2020	196,176	2,970	20,575	27,712	N/A
5/31/2020	207,878	5,008	15,006	23,803	N/A
2/29/2020	236,688	14,568	24,616	33,991	N/A
11/30/2019	232,755	13,443	18,646	28,986	N/A
8/31/2019	227,475	12,774	11,870	23,636	N/A
5/31/2019	220,724	12,014	9,359	21,253	N/A
2/28/2019	215,234	12,083	8,714	21,812	N/A
11/30/2018	210,400	12,652	8,459	21,287	N/A
8/31/2018	204,393	13,102	7,903	20,268	N/A
5/31/2018	199,801	13,840	N/A	19,778	N/A
2/28/2018	199,200	15,099	N/A	20,533	N/A
11/30/2017	200,004	16,184	N/A	21,587	N/A
8/31/2017	202,317	18,105	N/A	22,465	N/A
5/31/2017	200,070	19,088	N/A	22,151	N/A
2/28/2017	195,561	18,548	N/A	21,814	N/A
11/30/2016	192,267	18,636	N/A	23,775	N/A
8/31/2016	188,241	18,248	N/A	23,803	N/A
5/31/2016	185,283	18,734	N/A	23,037	N/A
2/29/2016	184,276	19,830	N/A	23,449	N/A
11/30/2015	180,861	20,898	N/A	24,067	N/A
8/31/2015	174,811	21,594	N/A	23,962	N/A
5/31/2015	167,592	21,584	N/A	25,833	N/A
2/28/2015	159,552	20,940	N/A	26,425	N/A
11/30/2014	151,419	19,976	N/A	24,156	N/A
8/31/2014	145,270	19,303	N/A	26,873	N/A
5/31/2014	138,505	18,438	N/A	24,541	N/A
2/28/2014	132,313	17,343	N/A	22,734	N/A
11/30/2013	128,562	17,093	N/A	23,840	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HMSB's forecast earnings growth (16.9% per year) is above the savings rate (1%).

Earnings vs Market: HMSB's earnings (16.9% per year) are forecast to grow slower than the German market (20.8% per year).

High Growth Earnings: HMSB's earnings are forecast to grow, but not significantly.

Revenue vs Market: HMSB's revenue (3.8% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: HMSB's revenue (3.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HMSB's Return on Equity is forecast to be high in 3 years time (31%)

H & M Hennes & Mauritz Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

H & M Hennes & Mauritz AB (publ) Provides Update on 1,300 Stores Closed Temporarily

Recent updates

Printful, Inc. agreed to acquire Printify, Inc.

Upcoming dividend of kr3.25 per share

H&M Introduces an Elevated New Menswear Collection, Atelier

Third quarter 2024 earnings released: EPS: kr1.44 (vs kr2.04 in 3Q 2023)

Now 20% overvalued

Investor sentiment improves as stock rises 16%

Now 4.3% overvalued after recent price rise

Now 22% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: kr3.11 (vs kr2.02 in 2Q 2023)

H & M Hennes & Mauritz AB (publ) to Report Q1, 2025 Results on Mar 27, 2025

High number of new directors

Dividend of kr3.25 announced

H & M Hennes & Mauritz AB (publ) Elects Helena Saxon to the Board as Member

New minor risk - Share price stability

First quarter 2024 earnings released: EPS: kr0.75 (vs kr0.33 in 1Q 2023)

H & M Hennes & Mauritz AB (publ) Proposes Dividend, Payable on 13 May 2024 and 13 November 2024

Final dividend of kr3.25 announced

H & M Hennes & Mauritz AB (publ) to Report Q1, 2024 Results on Mar 27, 2024

Full year 2023 earnings released: EPS: kr5.37 (vs kr2.16 in FY 2022)

H & M Hennes & Mauritz AB (Publ) Announces CEO Changes

Now 21% undervalued

Now 21% undervalued

Jazwares Announces Collaboration with Global Fashion Brand H&M to Launch A Vibrant Apparel and Accessories Collection

Rabanne H&M Is Now Available to Open Online and in Select Stores

Upcoming dividend of kr3.25 per share at 4.1% yield

H & M Hennes & Mauritz AB (publ) to Report Q4, 2024 Results on Dec 16, 2024

H & M Hennes & Mauritz AB (publ), Annual General Meeting, May 03, 2024

Third quarter 2023 earnings released: EPS: kr2.04 (vs kr0.32 in 3Q 2022)

Non-Independent Chairman recently bought €23m worth of stock

New minor risk - Share price stability

Second quarter 2023 earnings released

Investor sentiment improves as stock rises 18%

Non-Independent Chairman recently bought €28m worth of stock

H & M Hennes & Mauritz AB (Publ) Announces Executive Appointments

Upcoming dividend of kr3.25 per share at 4.3% yield

First quarter 2023 earnings released: EPS: kr0.33 (vs kr0.13 in 1Q 2022)

Chairman of the Board recently bought €53m worth of stock

H & M Hennes & Mauritz AB (Publ) Proposes Dividend for the Year 2022

Full year 2022 earnings released: EPS: kr2.16 (vs kr6.65 in FY 2021)

Now 24% undervalued

Now 22% undervalued

H & M Hennes & Mauritz AB (publ) to Report Q2, 2023 Results on Jun 29, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of kr3.25 per share

Now 23% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: kr0.32 (vs kr2.84 in 3Q 2021)

H & M Hennes & Mauritz AB (publ), Annual General Meeting, May 04, 2023

Now 29% undervalued after recent price drop

H&M Reportedly to Sell Russian Business to Local or Foreign Company

H & M Hennes & Mauritz AB (publ) (OM:HM B) acquired an unknown stake in Vestua.

H & M Hennes & Mauritz AB (publ) to Report Q1, 2023 Results on Mar 30, 2023

Investor sentiment deteriorated over the past week

High number of new directors

Upcoming dividend of kr3.25 per share

High number of new directors

First quarter 2022 earnings released

Now 24% undervalued after recent price drop

H & M Hennes & Mauritz AB (publ) Proposes Dividend, Payable on May 11, 2022 and November 16, 2022

Investor sentiment deteriorated over the past week

Now 20% undervalued

H & M Hennes & Mauritz AB (Publ) Proposes Ordinary Dividend

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of kr6.50 per share

Third quarter 2021 earnings released: EPS kr2.84 (vs kr1.10 in 3Q 2020)

H & M Hennes & Mauritz AB (publ) Provides Update on 1,300 Stores Closed Temporarily

H&M Launches First Rental Service in the US

H & M Hennes & Mauritz AB (Publ) Introduces Blank Staples' Wholesale

H&M Collaborates with Héctor Bellerín on Men's Collection That Pushes Sustainability and Style

H & M Hennes & Mauritz AB (publ) Plans to Close 350 Stores in the Year 2021

Revenue beats expectations

Full year 2020 earnings released: EPS kr0.75 (vs kr8.12 in FY 2019)

H & M Hennes & Mauritz AB (publ) to Report Nine Months, 2021 Results on Sep 30, 2021

H & M Hennes & Mauritz AB (publ) to Report Fiscal Year 2021 Results on Jan 28, 2022

New 90-day high: €18.75