H&M released its third-quarter results today, reporting 1% local-currency sales growth and an operating margin of 9%, excluding one-offs. Full-year SG&A reduction guidance was narrowed to the lower end of the range amid rising cost pressure heading into the fourth quarter.
H&M benefits from scale advantages against smaller peers as one of the largest global apparel suppliers.
H&M may be slow to rationalize its store base, particularly in overpenetrated markets, which could weigh on profitability as business shifts online and store productivity declines.
|
Metric
|
HM B
|
GAP
|
URBN
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.51 | 11.54 | 13.70 |
Price/Book Value | 6.40 | 2.07 | 2.36 |
Price/Sales | 1.15 | 0.56 | 1.09 |
Price/Cash Flow | 7.20 | 4.32 | 6.72 |
|
Metric
|
HM B
|
GAP
|
URBN
|
|---|---|---|---|
Quick Ratio | 0.59 | 0.77 | 0.71 |
Current Ratio | 1.13 | 1.82 | 1.58 |
Interest Coverage | 8.57 | 18.11 | — |
|
Metric
|
HM B
|
GAP
|
URBN
|
|---|---|---|---|
Return on Assets (Normalized) | 7.76% | 10.03% | 12.12% |
Return on Equity (Normalized) | 33.64% | 33.73% | 21.90% |
Return on Invested Capital (Normalized) | 14.90% | 13.24% | 15.18% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| H & M Hennes & Mauritz AB Class B
HMRZF
| — | LOCK|gJ& | $26B | |||
| H & M Hennes & Mauritz AB ADR
HNNMY
| LOCK|fSM&%% | LOCK|V< | $26B | |||
| Ralph Lauren Corp Class A
RL
| LOCK|^$N#@<? | LOCK|%@>> | $22B | |||
| Moncler SpA
MONRF
| — | LOCK|ThK$ | $14B | |||
| Moncler SpA ADR
MONRY
| — | LOCK|q?%d$ | $14B | |||
| Gildan Activewear Inc
GIL
| LOCK|TQxYZ!@ | LOCK|fZXtH | $8B | |||
| VF Corp
VFC
| LOCK|k&vmQT! | LOCK|RD? | $6B | |||
| PVH Corp
PVH
| LOCK|#Y%XJd> | LOCK|#yf | $3B | |||
| Under Armour Inc Class A
UAA
| LOCK|JtgbgR# | LOCK|xt | $2B | |||
| Under Armour Inc Class C
UA
| LOCK|P>pk%% | LOCK|#^k | $2B |
United States