Reading the annual reports…
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Sweden
In shortH & M Hennes & Mauritz AB is profitable.
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.4% | 41/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 5.0% | 40/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 24.8% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.14× | 28/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.29× | 46/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.05 | 24/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.3% | 57/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.87× | 100/100 |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 4 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 6.5% | 87/100 |
| Operating margin volatility | 2.0% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.6% | 48/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
SEK millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue | 198,967 | 223,553 | 236,035 | 234,478 |
| Cost of revenue | 93,961 | 110,276 | 115,139 | 109,179 |
| Gross profit | 105,006 | 113,277 | 120,896 | 125,299 |
| Operating income | 15,255 | 7,169 | 14,537 | 17,306 |
| Interest expense | 1,158 | 1,115 | 2,143 | 2,753 |
| Pre-tax income | 14,300 | 6,216 | 13,010 | 15,443 |
| Income tax | 3,290 | 2,650 | 4,294 | 3,859 |
| Net income | 11,010 | 3,566 | 8,745 | 11,621 |
| Diluted EPS | – | – | kr5.37 | kr7.21 |
| Diluted shares (millions) | 1,655 | 1,650 | 1,629 | 1,612 |
2.05 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Nov 30, 2024 · Data updated Nov 30, 2024