contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls {
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

alternatePageUrls

imgUrl

description

Analyst

Rauli Juva

Hennes & Mauritz is a retail chain. The range consists of clothing, shoes, and accessories. The group also includes brands such as COS, Monki, Weekday, Cheap Monday, and Other Stories. Today, the company also conducts business in home furnishings via H&M Home. The company has a presence in all global regions. H&M was originally founded in 1947 and is headquartered in Stockholm, Sweden. 

Rauli on tehnyt uuden rapsan H&M:stä.  We believe consumer demand has remained subdued in H&M’s Q4 (Sep-Nov), although the strong September should support growth. We have lowered our margin assumptions for 2025 and beyond, prompting us to cut the target price to SEK 160 (previously 170). We continue to see the share as fairly valued and maintain a Reduce recommendation.                   Inderes              H&M: Margin improvement expectations cut - Inderes    We believe consumer demand has remained subdued in H&M’s Q4 (Sep-Nov), although the strong September should support growth. We have lowered our margin assumptions for 2025 and beyond.

@Pia_Maljanen ja @Rauli_Juva keskustelivat H&M:stä  H&M released its Q3 report at the end of September. In this interview analyst Rauli Juva summarizes the main takeaway from the report. We also discuss Q4 expectations, the updated guidance and store closures.               00:00 Intro 00:12 Main takeaway from 00:54 Q4 expectations 01:53 Updated guidance 03:31 Store closures 05:19 Valuation & recommendation  Aiheet: Tämä ja monia muita videoita löytyy Inderes Nordic -kanavalta, videoita paljon englanniksi ja huomasin, että moniin saa hyvät tekstityksetkin. https://www.youtube.com/@inderesnordic

Perssonit ovat jälleen ostolaidalla. H&M: FAMILJEN PERSSON HAR KÖPT 2,35 MLN AKTIER Tänään klo 10.55 ∙ Nyhetsbyrån Direkt STOCKHOLM (Nyhetsbyrån Direkt) Modeföretaget H&M-gruppens huvudägare familjen Persson har, via ägarbolaget Ramsbury Invest, köpt 2,35 miljoner aktier i H&M för omkring 400 miljoner kronor. Det framgår av Finansinspektionens insynsregister. Aktierna köptes under perioden 2-4 oktober till kurser mellan 169:35-171:26 kronor. Ramsbury Invest äger efter köpen motsvarande omkring 61,1 procent av kapitalet och 81,4 procent av rösterna i H&M, enligt ägardatatjänsten Holdings.

@Rauli_Juva on raapustellut uuden lyysin H&M:stä Q3:sta (1 JUNE 2024 – 31 AUGUST 2024).  H&M delivered weaker-than-expected earnings for Q3. While September sales growth was a positive data point, we see margin headwinds continuing in Q4 and do not expect the company to reach its 10% EBIT margin target in 2025 either. We maintain our Reduce recommendation and target price of SEK 170.                   Inderes              H&M Q3'24: Margin recovery more sluggish than expected - Inderes    H&M delivered weaker-than-expected earnings for Q3. While September sales growth was a positive data point, we see margin headwinds continuing in Q4 and do not expect the company to reach its 10% EBIT margin target in 2025 either.

H&m raportoi Q3:n tänään, muutama nopea poiminta aamun tuloksesta Ruotsi-foorumin puolella:                  Inderes.se Forum – 26 Sep 24                 Hennes & Mauritz                                       Aktier                                                             hm                             H&M Q2 was released this morning, key points:   Sales in local currencies were flat, just below our and consensus expectation of +1%, and reported sales declined 3 % also slightly below expectations Gross margin was 51,1%, very much in line...

Inderesin muotivastaava, eli Rauli antoi ennakkokommentit, kun julkistaa rapsansa kesä-elokuun tuloksensa torstaina.  We expect revenue growth to be slightly positive in local currencies, but negative in reported terms. We expect EBIT to decline y/y with a roughly stable gross margin and slightly higher opex with a negative sales trend hitting the earnings. We highlighted the headwinds in Q3 already in our previous report.                   Inderes              H&M Q3’24 earnings preview: Weakening y/y development expected - Inderes    H&M will report its Q3’24 (June-August) results on Thursday at 8:00 am CEST. We expect revenue growth to be slightly positive in local currencies, but negative in reported terms. We expect EBIT to decline y/y with a roughly stable gross margin...

Muotitietoiset Rauli ja Mikael juttelivat H&M:stä.  Parin minuutin video ja löytyy Inderes Nordic -kanavalta.   Content: 00:00 Start  00:07 Weak demand in June, challenging market  00:51 We have lowered our estimates  01:41 Growth going forward

H&M’s Q4 sales development was slightly behind our forecast, leading to minor estimate cuts. The share has performed well since our initiation and the multiples have corrected to quite fair levels in our view (P/E 19x for 2024). 

<p>H&amp;M&rsquo;s Q4 sales development was slightly behind our forecast, leading to minor estimate cuts. The share has performed well since our initiation and the multiples have corrected to quite fair levels in our view (P/E 19x for 2024).&nbsp;</p>

	2022	23e	24e
Revenue	223,553.0	235,958.0	233,764.0
growth-%	12.36 %	5.55 %	-0.93 %
EBIT (adj.)	9,760.0	14,523.1	21,332.7
EBIT-% (adj.)	4.37 %	6.15 %	9.13 %
EPS (adj.)	3.74	6.06	9.38
Dividend	6.50	6.50	7.00
Dividend %	5.79 %	4.31 %	4.64 %
P/E (adj.)	30.00	24.92	16.08
EV/EBITDA	7.92	7.84	7.04

Multiples now at fair levels

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H&M

Key Estimate Figures18.12.2023

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H&M

Key Estimate Figures18.12.2023

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