Added to YB: 2026-06-25
Pitch date: 2026-04-19
HMRZF [bearish]
H & M Hennes & Mauritz AB (publ)
+3.42%
current return
Author Info
No bio for this author
Company Info
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide.
Market Cap
SEK 263.3B
Pitch Price
SEK 172.76
Price Target
135.00 (-19%)
Dividend
4.31%
EV/EBITDA
8.86
P/E
21.50
EV/Sales
1.44
Sector
Specialty Retail
Category
value
H & M Hennes & Mauritz AB - $HMRZF
HMRZF (short): Swedish fast fashion at SEK178, PT SEK135 (~24% downside, 15x Nov'27 EPS). Brand revival failing: LC sales +1-2% FY24/25, -2% early FY26. Card/foot traffic/app data confirm share loss. 30% re-rate all multiple expansion on external cost tailwinds, not brand recovery. 21x vs ITX 24x, NEXT 15.5x, M&S 11.5x—priced for turnaround not happening. Competition intensifying (Lefties, Vinted, Sinsay). Risk: Persson family owns 66%, but buying has slowed.
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