Report as of 27 Jan 2019

Company Fact Sheet

Hennes & Mauritz AB HM B ( SE0000106270 )

Growth of 10,000 (Total return SEK since31/12/2014) Company Profile

12,000 Hennes & Mauritz is a global multibrand fashion conglomerate
that was founded in 1947. Its flagship H&M brand accounts for
10,000
the vast majority of revenue (93%), but the newer brands (COS,
8,000 &Other Stories, Monki, Weekday, Cheap Monday, and newly
launched Arket) are growing more quickly. H&M commands
6,000
around 1.7% market share in a fragmented global apparel market.
4,000 Just under 70% of revenue is generated in Europe and Africa,
14% in Asia and Oceania, and 17% in North and South America.
Volume         The company operates 4,739 stores globally (64% of those in
200,000,000
Europe), of which 4,288 are H&M-brand stores.
 
100,000,000 Key Stats
 
0
Website http://www.hm.com
  2015   2016   2017 2018-12 Headquarter country Sweden
-4.2 -12.9 -29.3-19.81 Employees 171,000
Yearly Performance %(SEK) Market Cap (at close 25/01/2019 ) SEK248.27Bil
2011 2012 2013 2014 2015 2016 2017 2018-12 Morningstar Sector Consumer Cyclical
2.0 6.9 36.2 13.1 -4.2 -12.9 -29.3 -19.81 Morningstar Industry Apparel Manufacturing
Stock Style 1 Large-Value
Trailing Returns %(SEK) 25/01/2019
Fiscal Year Ends November
1 Week 1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years
-1.8 4.4 -12.9 0.7 6.5 -8.5 -17.7 -8.6 Board of Directors and Management
Chairman of the Board Stefan Persson
Financials(SEK)
Chief Executive Officer Karl-Johan Persson
Years 5 Yr Trend 2015 2016 2017
Chief Financial Officer Jyrki Tervonen
Revenue (Mil) 180,861 192,267 200,004 Source: Annual Report , Fiscal Year: 2017
Gross Operating Profit (Mil) 103,167 106,177 108,090
Dividends(SEK)
Operating Income (Mil) 26,942 23,823 20,569
Ex Date Payment Type Currency Amount
Operating Margin % 14.9 12.4 10.3
12/11/2018 16/11/2018 Cash SEK 4.85
EBIT (Mil) 27,252 24,047 20,850 09/05/2018 16/05/2018 Cash SEK 4.90
Income before income taxes (Mil) 27,242 24,039 20,809 13/11/2017 17/11/2017 Cash SEK 4.85
11/05/2017 17/05/2017 Cash SEK 4.90
Net Income (Mil) 20,898 18,636 16,184 04/05/2016 11/05/2016 Cash SEK 9.75
Operating Cash Flow (Mil) 24,067 23,775 21,587
Free Cash Flow (Mil) 12,008 10,429 9,116
Basic Earn. Per Share 12.63 11.26 9.78
Dividend Per Share 9.75 9.75 9.75

Profitability and Valuation(SEK)

Years 5 Yr Trend 2015 2016 2017
Return on Assets % 25.9 20.2 15.8
Return on Equity % 38.1 31.2 26.8
Return on Invested Capital % 37.7 29.8 24.0

Price / Earnings 23.1 23.0 15.5

Price / Sales 2.9 2.2 1.4 Please find the FAQ and Methodology at:
Price / Book - - - www.nasdaqomxnordic.com/fact-sheet

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© 2018 Morningstar. All Rights Reserved. The information,
data, analyses and opinions (“Information”) contained herein:
(1) includes the proprietary information of Morningstar and
Morningstar’s third party licensors; (2) may not be copied or
redistributed except as specifically authorised;(3) do not
constitute investment advice;(4) are provided solely for
informational purposes; and (5) may be drawn from fund data
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Information is error free, timely, accurate or contains no omissions. This document does not contain legal advice, nor does
it contain investment advice and should not be relied upon for these purposes. Investing in securities involves risks. We
are not responsible for any trading decisions, damages or other losses related to the Information or its use. Securities can
increase and decrease in value and there is no guarantee that you will get your investment back. Past performance is no
guarantee of future returns. Advice from a securities professional is strongly advised
®
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 Report as of 27 Jan 2019
Fiscal Year Ends November

Company Details

Hennes & Mauritz AB , HM B , ( SE0000106270 ) Last Price SEK 134.24

Compound Annual Growth Rates(SEK) Market Cap Morningstar Sector Morningstar Industry Index
1Y 3Y 5Y 10Y SEK 248.30Bil Consumer Cyclical Apparel Manufacturing NASDAQ OMX Stockholm
Revenue % 4.02 9.72 10.61 9.83 All-Share GR SEK
Operating Income % -13.66 -7.01 -1.11 1.13
Earnings/Share % - - - - 440
Dividend Yield % - - - - 355
Net Income % -13.16 -6.78 -0.82 1.76 270
Free Cash Flow % -12.59 -14.85 -5.46 -2.53
185
Stock Total Return % -8.46 -17.65 -8.63 3.79
100
15
Profitability Analysis(SEK)
Current 3 Yr 5 Yr 10 Yr    
2009 2010 2011   2012   2013   2014   2015   2016   2017  2018-12   (SEK)
Avg Avg Avg
Return on Equity % - 32.05 35.18 38.07 35.2 16.8 2.0 6.9 36.2 13.1 -4.2 -12.9 -29.3 -19.81 Equity
Return on Assets % 11.98 20.63 23.48 26.88 52.2 26.5 -13.7 16.6 27.8 15.7 10.2 9.8 9.8 -4.16 Index
Return on Invested Capital % - 30.49 34.03 36.94 3.9 3.6 4.3 4.2 3.2 2.9 3.2 3.9 5.8 Dividend Yield %
Fixed Asset Turnover 5.16 5.50 5.78 6.46 - - - 371,564 490,232 538,891 499,997 419,395 280,204 Market Cap ( SEK , Mil)
Inventory Turnover 2.66 3.12 3.22 3.49
Gross Margin % 52.95 55.44 56.85 59.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 Financials (SEK)
Operating Margin % 7.83 12.52 14.34 17.51 101,393 108,483 109,999 120,799 128,562 151,419 180,861 192,267 200,004 Revenue (Mil)
Net Margin % 6.41 9.78 11.17 13.49 61.6 62.9 60.1 59.5 59.1 58.8 57.0 55.2 54.0 Gross Margin %
F. Cash Flow/Rev % 3.87 5.54 7.73 10.25
21,644 24,659 20,379 21,754 22,168 25,583 26,942 23,823 20,569 Operating Income (Mil)
21.3 22.7 18.5 18.0 17.2 16.9 14.9 12.4 10.3 Operating Margin %
Financial Position(SEK, Mil)
2016 2017 24,941 28,076 24,209 25,995 26,726 30,956 33,651 31,652 29,338 EBITDA (Mil)
Cash and cash equivalents 9,446 9,718 16,384 18,681 15,821 16,867 17,152 19,976 20,898 18,636 16,184 Net Income (Mil)
Inventory 31,732 33,712
Accounts receivable 4,881 5,297 9.90 11.29 9.56 10.19 10.36 12.07 12.63 11.26 9.78 Basic Earn. Per Share
Current Assets 50,663 55,746 7.75 8.00 9.50 9.50 9.50 9.50 9.75 9.75 9.75 Dividend Per Share
Net PP&E 38,693 39,818 1,655 1,655 1,655 1,655 1,655 1,655 1,655 1,655 1,655 Avg. Diluted Shares
Intangibles 5,347 7,043 Outstanding (Mil)
Total Assets 98,579 106,562 17,973 21,838 17,420 18,900 23,840 24,156 24,067 23,775 21,587 Operating Cash Flow (Mil)
-5,686 -4,959 -5,103 -6,827 -8,027 -9,391 -12,059 -13,346 -12,471 Capital Expenditure (Mil)
Accounts Payable 7,262 7,215 12,287 16,879 12,317 12,073 15,813 14,765 12,008 10,429 9,116 Free Cash Flow (Mil)
Current Debt 2,127 9,870
Current Liabilities 31,705 40,723 2009 2010 2011 2012 2013 2014 2015 2016 2017 Profitability
Long Term Debt (Mil) 213 350 31.0 32.9 26.5 28.0 27.3 28.3 25.9 20.2 15.8 Return on Assets %
Total Liabilities - - 42.2 44.1 35.8 38.4 38.5 41.3 38.1 31.2 26.8 Return on Equity %
Total Equity (Mil) 61,236 59,713 16.2 17.2 14.4 14.0 13.3 13.2 11.6 9.7 8.1 Net Margin %
1.9 1.9 1.8 2.0 2.0 2.1 2.2 2.1 1.9 Asset Turnover
Quarterly Results(SEK) 1.3 1.3 1.4 1.4 1.5 1.5 1.5 1.6 1.8 Financial Leverage
Revenue Mil Q4 Q1 Q2 Q3
Most Recent - 46,181 51,984 55,821 2009 2010 2011 2012 2013 2014 2015 2016 2017 Financial Health (SEK)
Prior Year - 46,985 51,383 51,229
24,991 27,085 25,161 23,222 21,791 22,438 22,599 18,958 15,023 Working Capital (Mil)
Revenue Growth % Q4 Q1 Q2 Q3 - - 0 - - - - 213 350 Long Term Debt (Mil)
Most Recent - -8.38 12.57 7.38
Prior Year - -10.88 9.36 -0.30 40,613 44,172 44,104 43,835 45,248 51,556 58,049 61,236 59,713 Total Equity (Mil)
- - - - - - - 0.0 0.0 Debt/Equity
Earnings Per Share Q4 Q1 Q2 Q3
Most Recent - 0.83 2.80 1.87
Prior Year - 1.48 3.56 2.32
Valuation Analysis Sector Peers by Market CapSEK
Options & Futures Current 3 Yr 5 Yr 10 Yr Mkt Cap (Mil) P/E ROE%
Instrument Yes/No Avg Avg Avg Hennes & Mauritz AB 248,273 17.0 -
Options Yes Price/Earnings 16.97 18.13 21.08 21.94 Schibsted ASA 72,984 68.6 8.3
Forwards Yes Forward Price/Earnings 16.50 17.18 19.73 - Autoliv Inc 64,000 13.7 11.5
Futures Yes Price/Free Cash Flow 28.11 31.81 32.79 31.06 Pandox AB 26,130 7.9 17.4
For more information and prices go to: Dividend Yield % 3.61 4.49 3.92 3.89 Veoneer Inc 24,533 - -15.4
www.nasdaqomxnordic.com/optionsandfutures Price/Book 3.72 - - - Modern Times Group MTG AB 20,972 35.5 24.9
Price/Sales 1.09 1.54 2.24 2.82 Kindred Group PLC 20,955 12.4 57.8

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Nasdaq makes no representations or warranties with respect
to the Information and disclaims all liability for any use made
of the contents of this document. All Information is provided
“as is” without warranty of any kind. Nasdaq assumes no
responsibility for any errors or omissions. This information is
provided for informational purposes only.
© 2018 Morningstar. All Rights Reserved. The information,
data, analyses and opinions (“Information”) contained herein:
(1) includes the proprietary information of Morningstar and
Morningstar’s third party licensors; (2) may not be copied or
redistributed except as specifically authorised;(3) do not
constitute investment advice;(4) are provided solely for
informational purposes; and (5) may be drawn from fund data
published on various dates.
Assume no liability for the accuracy of the information provided and a make no warranties, express or implied that the
Information is error free, timely, accurate or contains no omissions. This document does not contain legal advice, nor does
it contain investment advice and should not be relied upon for these purposes. Investing in securities involves risks. We
are not responsible for any trading decisions, damages or other losses related to the Information or its use. Securities can
increase and decrease in value and there is no guarantee that you will get your investment back. Past performance is no
guarantee of future returns. Advice from a securities professional is strongly advised
®
before taking or refraining from taking any action as a result of the contents of this
document. ß