H & M Hennes & Mauritz AB (publ)
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, accessories, ready-to-wear, activewear, and jeans; interior products, including bed linens, dinnerware, textiles, furniture, and lighting; and beauty products, such as makeup and fragrance collections. The comp… Read more
H & M Hennes & Mauritz AB (publ) (HMRZF) - Net Assets
Latest net assets as of November 2025: $42.95 Billion USD
Based on the latest financial reports, H & M Hennes & Mauritz AB (publ) (HMRZF) has net assets worth $42.95 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($170.27 Billion) and total liabilities ($127.33 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $42.95 Billion |
| % of Total Assets | 25.22% |
| Annual Growth Rate | 3.19% |
| 5-Year Change | -28.44% |
| 10-Year Change | -29.87% |
| Growth Volatility | 8.65 |
H & M Hennes & Mauritz AB (publ) - Net Assets Trend (2004–2025)
This chart illustrates how H & M Hennes & Mauritz AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for H & M Hennes & Mauritz AB (publ) (2004–2025)
The table below shows the annual net assets of H & M Hennes & Mauritz AB (publ) from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $42.95 Billion | -7.06% |
| 2024-11-30 | $46.21 Billion | -2.92% |
| 2023-11-30 | $47.60 Billion | -6.22% |
| 2022-11-30 | $50.76 Billion | -15.43% |
| 2021-11-30 | $60.02 Billion | +9.88% |
| 2020-11-30 | $54.62 Billion | -4.29% |
| 2019-11-30 | $57.07 Billion | -2.52% |
| 2018-11-30 | $58.55 Billion | -1.95% |
| 2017-11-30 | $59.71 Billion | -2.49% |
| 2016-11-30 | $61.24 Billion | +5.49% |
| 2015-11-30 | $58.05 Billion | +12.59% |
| 2014-11-30 | $51.56 Billion | +13.94% |
| 2013-11-30 | $45.25 Billion | +3.22% |
| 2012-11-30 | $43.84 Billion | -0.61% |
| 2011-11-30 | $44.10 Billion | -0.15% |
| 2010-11-30 | $44.17 Billion | +8.76% |
| 2009-11-30 | $40.61 Billion | +9.91% |
| 2008-11-30 | $36.95 Billion | +15.13% |
| 2007-11-30 | $32.09 Billion | +15.53% |
| 2006-11-30 | $27.78 Billion | +7.16% |
| 2005-11-30 | $25.92 Billion | +16.73% |
| 2004-11-30 | $22.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to H & M Hennes & Mauritz AB (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 441.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $39.42 Billion | 91.84% |
| Common Stock | $207.00 Million | 0.48% |
| Other Components | $3.30 Billion | 7.68% |
| Total Equity | $42.92 Billion | 100.00% |
H & M Hennes & Mauritz AB (publ) Competitors by Market Cap
The table below lists competitors of H & M Hennes & Mauritz AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Isuzu Motors Ltd
PINK:ISUZY
|
$5.92 Billion |
|
ZURN ELKAY WATER DL-01
F:4RX0
|
$5.92 Billion |
|
PB Fintech Limited
NSE:POLICYBZR
|
$5.93 Billion |
|
Samvardhana Motherson International Limited
NSE:MOTHERSON
|
$5.93 Billion |
|
StandardAero, Inc.
NYSE:SARO
|
$5.91 Billion |
|
OR Royalties Inc.
F:OM40
|
$5.91 Billion |
|
Jerónimo Martins SGPS S.A
PINK:JRONF
|
$5.91 Billion |
|
GATX Corporation
NYSE:GATX
|
$5.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H & M Hennes & Mauritz AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 46,142,000,000 to 42,921,000,000, a change of -3,221,000,000 (-7.0%).
- Net income of 12,158,000,000 contributed positively to equity growth.
- Dividend payments of 10,906,000,000 reduced retained earnings.
- Share repurchases of 254,000,000 reduced equity.
- Other factors decreased equity by 4,219,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.16 Billion | +28.33% |
| Dividends Paid | $10.91 Billion | -25.41% |
| Share Repurchases | $254.00 Million | -0.59% |
| Other Changes | $-4.22 Billion | -9.83% |
| Total Change | $- | -6.98% |
Book Value vs Market Value Analysis
This analysis compares H & M Hennes & Mauritz AB (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.49x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.99x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-11-30 | $13.42 | $13.23 | x |
| 2005-11-30 | $15.66 | $13.23 | x |
| 2006-11-30 | $16.78 | $13.23 | x |
| 2007-11-30 | $19.39 | $13.23 | x |
| 2008-11-30 | $22.33 | $13.23 | x |
| 2009-11-30 | $24.54 | $13.23 | x |
| 2010-11-30 | $26.69 | $13.23 | x |
| 2011-11-30 | $26.65 | $13.23 | x |
| 2012-11-30 | $26.49 | $13.23 | x |
| 2013-11-30 | $27.34 | $13.23 | x |
| 2014-11-30 | $31.15 | $13.23 | x |
| 2015-11-30 | $35.07 | $13.23 | x |
| 2016-11-30 | $37.00 | $13.23 | x |
| 2017-11-30 | $36.08 | $13.23 | x |
| 2018-11-30 | $35.37 | $13.23 | x |
| 2019-11-30 | $34.48 | $13.23 | x |
| 2020-11-30 | $33.00 | $13.23 | x |
| 2021-11-30 | $36.26 | $13.23 | x |
| 2022-11-30 | $30.76 | $13.23 | x |
| 2023-11-30 | $29.17 | $13.23 | x |
| 2024-11-30 | $28.63 | $13.23 | x |
| 2025-11-30 | $26.76 | $13.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H & M Hennes & Mauritz AB (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 3.97x
- Recent ROE (28.33%) is below the historical average (30.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 32.76% | 13.55% | 1.91x | 1.27x | $5.05 Billion |
| 2005 | 35.67% | 15.09% | 1.85x | 1.28x | $6.65 Billion |
| 2006 | 38.87% | 15.79% | 1.92x | 1.28x | $8.02 Billion |
| 2007 | 42.34% | 17.34% | 1.88x | 1.30x | $10.38 Billion |
| 2008 | 41.39% | 17.28% | 1.73x | 1.39x | $11.60 Billion |
| 2009 | 40.34% | 16.16% | 1.87x | 1.34x | $12.32 Billion |
| 2010 | 42.29% | 17.22% | 1.83x | 1.34x | $14.26 Billion |
| 2011 | 35.87% | 14.38% | 1.83x | 1.36x | $11.41 Billion |
| 2012 | 38.48% | 13.96% | 2.01x | 1.37x | $12.48 Billion |
| 2013 | 37.91% | 13.34% | 1.96x | 1.45x | $12.63 Billion |
| 2014 | 38.75% | 13.19% | 2.00x | 1.47x | $14.82 Billion |
| 2015 | 36.00% | 11.55% | 2.11x | 1.48x | $15.09 Billion |
| 2016 | 30.43% | 9.69% | 1.95x | 1.61x | $12.51 Billion |
| 2017 | 27.10% | 8.09% | 1.88x | 1.78x | $10.21 Billion |
| 2018 | 21.61% | 6.01% | 1.77x | 2.03x | $6.80 Billion |
| 2019 | 23.56% | 5.78% | 1.93x | 2.11x | $7.74 Billion |
| 2020 | 2.28% | 0.66% | 1.07x | 3.19x | $-4.22 Billion |
| 2021 | 18.34% | 5.53% | 1.11x | 3.00x | $5.01 Billion |
| 2022 | 7.03% | 1.60% | 1.23x | 3.59x | $-1.51 Billion |
| 2023 | 18.42% | 3.71% | 1.30x | 3.81x | $4.00 Billion |
| 2024 | 25.19% | 4.96% | 1.30x | 3.91x | $7.01 Billion |
| 2025 | 28.33% | 5.33% | 1.34x | 3.97x | $7.87 Billion |
Industry Comparison
This section compares H & M Hennes & Mauritz AB (publ)'s net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $452,652,321
- Average return on equity (ROE) among peers: 4.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H & M Hennes & Mauritz AB (publ) (HMRZF) | $42.95 Billion | 32.76% | 2.96x | $5.91 Billion |
| Agavenny Corporation (AGNY) | $1.26 Million | -1.07% | 0.07x | $441.50 |
| Authentic Holdings Inc. (AHRO) | $-2.87 Million | 0.00% | 0.00x | $1.67 Million |
| Columbia Sportswear Company (COLM) | $640.83 Million | 18.74% | 0.22x | $1.42 Billion |
| China Outfitters Holdings Ltd (COUTF) | $1.66 Billion | -7.37% | 0.20x | $19.05 Million |
| Delta Galil Industries Ltd (DELTF) | $451.32 Million | 8.09% | 1.26x | $530.69 Million |
| Delta Apparel, Inc. (DLAPQ) | $182.72 Million | 10.80% | 1.87x | $705.00 |
| Exceed Company Ltd (EDSFF) | $-29.05K | 0.00% | 0.00x | $0.91 |
| Ever-Glory International Group Inc. (EVKG) | $140.96 Million | -0.07% | 1.48x | $5.52K |
| Figs Inc (FIGS) | $245.57 Million | -3.89% | 0.27x | $2.19 Billion |
| Fox-Wizel Ltd (FXWZF) | $1.21 Billion | 17.11% | 2.86x | $233.16 Million |