What is H & M Hennes & Mauritz AB (publ) (HNNMY)'s fair-value range?

EvidInvest does not publish a fair-value range for H & M Hennes & Mauritz AB (publ) (HNNMY). Financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish. The filed statements, the filing citations and the growth history are all available at https://evidinvest.com/valuation/HNNMY. Not investment advice.

How is H & M Hennes & Mauritz AB (publ) (HNNMY)'s fair value calculated?

H & M Hennes & Mauritz AB (publ) (HNNMY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples (PE, EV/EBITDA, P/S, P/B) benchmarked against its industry — using EvidInvest's standardized annual and quarterly statements for the company.

What is H & M Hennes & Mauritz AB (publ) (HNNMY)'s PE ratio versus its industry?

EvidInvest shows H & M Hennes & Mauritz AB (publ) (HNNMY)'s current and historical PE ratio alongside its sector and industry averages, so you can see whether the stock trades at a premium or discount to peers. Full breakdown at https://evidinvest.com/valuation/HNNMY.

Fair value · H & M Hennes & Mauritz AB (publ) (HNNMY) · updated 2026-09-12 · from 20-F FY2025

H & M Hennes & Mauritz AB (publ) trades at $3.71. We are not reading assumptions out of that price: financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish.

Everything below is unaffected: the filed statements, the filing they came from, and HNNMY’s growth history are all as reported.

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The filing behind these numbers

H & M Hennes & Mauritz AB (publ)

Revenue: SEK 216.6B
Diluted EPS: SEK 0.29
Free cash flow: SEK 20.8B; operating cash flow − capital expenditure
Diluted shares: 40.10B; weighted average

20-F FY2025 · fiscal year ended 2025-11-30 · filed 2025-11-30

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q2 FY2026 (filed 2026-05-31).

Open the 20-F list on sec.gov

Valuation tool: build your own HNNMY range

Fair Value Summary

Daily Price — HNNMY

$3.45 +9.9% (1Y)

Your range0 of 7 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what HNNMY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has HNNMY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

Financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

Financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish.

Not solvable from the price — Financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what HNNMY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth52.3%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth8.2%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)3.86%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $1,174,354M · PV terminal $13,017,993M · EV $14,192,346M · equity $14,090,655M

Year	Stage	FCF	Present value
1	Stage 1	$31,616M	$30,441M
2	Stage 1	$48,151M	$44,639M
3	Stage 1	$73,334M	$65,458M
4	Stage 1	$111,688M	$95,987M
5	Stage 1	$170,101M	$140,755M
6	Stage 2	$184,049M	$146,637M
7	Stage 2	$199,141M	$152,764M
8	Stage 2	$215,470M	$159,148M
9	Stage 2	$233,139M	$165,798M
10	Stage 2	$252,256M	$172,727M

Inputs from the filing

Financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish.

Free cash flow: SEK 24.1B; sum of the last four quarters
EBIT: SEK 18.0B; latest annual
Shares: 39.94B
Total debt: SEK 122.6B
Cash: SEK 20.9B
Net debt: SEK 101.7B; debt − cash

20-F FY2025 · period ended 2025-11-30 · filed 2025-11-30 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for HNNMY

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H & M Hennes & Mauritz AB (publ) trades at $3.71. We are not reading assumptions out of that price: financials are filed in SEK; our prices are in USD, so these methods need a conversion we do not yet publish.

The filing behind these numbers

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Valuation tool: build your own HNNMY range

Daily Price — HNNMY

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on HNNMY

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