H & M Hennes & Mauritz AB (publ)

OTCPK:HMRZ.F Stock Report

Market Cap: US$21.7b

H & M Hennes & Mauritz Valuation

Is HMRZ.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HMRZ.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HMRZ.F ($13.19) is trading above our estimate of fair value ($8.02)

Significantly Below Fair Value: HMRZ.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HMRZ.F?

Key metric: As HMRZ.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HMRZ.F. This is calculated by dividing HMRZ.F's market cap by their current earnings.
What is HMRZ.F's PE Ratio?
PE Ratio23.6x
EarningsSEK 10.12b
Market CapSEK 239.23b

Price to Earnings Ratio vs Peers

How does HMRZ.F's PE Ratio compare to its peers?

The above table shows the PE ratio for HMRZ.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
BURL Burlington Stores
38x19.2%US$18.3b
ROST Ross Stores
23.6x7.8%US$50.5b
GAP Gap
10.8x3.5%US$9.2b
ANF Abercrombie & Fitch
14.5x5.6%US$7.8b
HMRZ.F H & M Hennes & Mauritz
23.6x16.2%US$239.2b

Price-To-Earnings vs Peers: HMRZ.F is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does HMRZ.F's PE Ratio compare vs other companies in the US Specialty Retail Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TKLF Tokyo Lifestyle
2.2xn/aUS$15.83m
SSOK Sunstock
1xn/aUS$756.28k
MASN Maison Luxe
0.09xn/aUS$192.03k
EXPR.Q Express
0.000002xn/aUS$9.74k
HMRZ.F 23.6xIndustry Avg. 16.5xNo. of Companies11PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HMRZ.F is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the US Specialty Retail industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is HMRZ.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HMRZ.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HMRZ.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HMRZ.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$13.19
US$14.78
+12.1%
14.1%US$17.98US$10.79n/a28
Dec ’25US$14.78
US$15.22
+3.0%
14.3%US$18.32US$10.99n/a28
Nov ’25US$14.50
US$15.80
+8.9%
14.6%US$18.77US$11.26n/a28
Oct ’25n/a
US$16.83
0%
13.6%US$19.81US$11.88n/a28
Sep ’25US$15.86
US$16.68
+5.2%
14.5%US$20.45US$11.69n/a26
Aug ’25n/a
US$16.82
0%
15.2%US$20.05US$11.45n/a26
Jul ’25US$17.87
US$16.48
-7.8%
15.1%US$19.79US$11.31n/a26
Jun ’25n/a
US$16.24
0%
16.2%US$20.90US$11.40n/a25
May ’25US$16.25
US$15.42
-5.1%
15.2%US$19.29US$11.02n/a26
Apr ’25US$16.84
US$15.43
-8.4%
16.3%US$19.62US$11.21n/a27
Mar ’25US$13.59
US$15.24
+12.1%
14.2%US$19.36US$11.03n/a28
Feb ’25US$14.45
US$15.81
+9.4%
14.4%US$19.25US$10.97n/a28
Jan ’25n/a
US$17.37
0%
12.6%US$20.98US$12.29n/a28
Dec ’24US$16.23
US$16.75
+3.2%
13.1%US$20.27US$11.87US$14.7828
Nov ’24US$13.31
US$15.83
+18.9%
12.9%US$19.32US$11.32US$14.5027
Oct ’24US$13.93
US$15.79
+13.4%
13.1%US$19.22US$11.26n/a26
Sep ’24n/a
US$16.01
0%
17.0%US$20.26US$10.76US$15.8626
Aug ’24US$16.89
US$16.88
-0.007%
17.5%US$21.46US$11.40n/a26
Jul ’24US$16.81
US$15.18
-9.7%
18.8%US$19.93US$10.20US$17.8726
Jun ’24US$12.83
US$13.21
+3.0%
17.5%US$17.04US$8.94n/a24
May ’24n/a
US$13.53
0%
19.7%US$17.87US$8.21US$16.2525
Apr ’24n/a
US$12.97
0%
21.0%US$17.82US$8.19US$16.8425
Mar ’24US$12.52
US$11.67
-6.8%
21.0%US$17.22US$7.22US$13.5925
Feb ’24US$12.87
US$11.33
-11.9%
21.2%US$17.33US$7.26US$14.4525
Jan ’24US$10.76
US$10.77
+0.1%
25.5%US$18.26US$6.73n/a25
Dec ’23n/a
US$10.76
0%
21.2%US$17.36US$8.24US$16.2325

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 02:52
End of Day Share Price 2024/12/30 00:00
Earnings2024/08/31
Annual Earnings2023/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

H & M Hennes & Mauritz AB (publ) is covered by 75 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andreas LundbergABG Sundal Collier
Pierre-Yves GauthierAlphaValue
José RitoBanco BPI, S.A.