Hennes & Mauritz AB Class B
HM B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 431.00 | Vbzq | Fvngrcly |
H&M Sets Ambitious Long-Term Growth and Sustainability Targets, Eyes Circularity as Profits Improve
We are maintaining our fair value estimate of SEK 168 per share for no-moat H&M as the company reported full-year revenue broadly in line with our projections. We regard shares as approximately fairly valued at this moment and would recommend to investors its peer Inditex for better business model and execution quality and valuation (4-star, 15% discount to our fair value).