Value creation is always in fashion
By Rauli Juva
We believe H&M is on an improving margin trend and will get close to its 10% margin target in 2024, driving a substantial earnings growth y/y during 2023-24. We see solid growth potential for this globally strong fashion brand.
H&M
148.08
165
Accumulate
Hennes & Mauritz is a retail chain. The range consists of clothing, shoes, and accessories. The group also includes brands such as COS, Monki, Weekday, Cheap Monday, and Other Stories. Today, the company also conducts business in home furnishings via H&M Home. The company has a presence in all global regions. H&M was originally founded in 1947 and is headquartered in Stockholm, Sweden.
Read more on company pageKey Estimate Figures09.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 223,553.0 | 237,615.0 | 241,000.0 |
growth-% | 12.36 % | 6.29 % | 1.42 % |
EBIT (adj.) | 9,760.0 | 14,905.5 | 21,595.7 |
EBIT-% (adj.) | 4.37 % | 6.27 % | 8.96 % |
EPS (adj.) | 3.74 | 6.24 | 9.45 |
Dividend | 6.50 | 6.50 | 7.00 |
Dividend % | 5.79 % | 4.18 % | 4.50 % |
P/E (adj.) | 30.00 | 24.89 | 16.45 |
EV/EBITDA | 7.92 | 7.99 | 7.23 |