H & M Hennes & Mauritz AB (publ) (HM-B) - Net Assets
Based on the latest financial reports, H & M Hennes & Mauritz AB (publ) (HM-B) has net assets worth Skr41.42 Billion SEK (≈ $4.46 Billion USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr164.09 Billion ≈ $17.66 Billion USD) and total liabilities (Skr122.67 Billion ≈ $13.20 Billion USD). 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. Check tangible equity quality of H & M Hennes & Mauritz AB (publ) to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr41.42 Billion |
| % of Total Assets | 25.24% |
| 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. See H & M Hennes & Mauritz AB (publ) (HM-B) defensive interval to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see H & M Hennes & Mauritz AB (publ) (HM-B) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | Skr42.95 Billion ≈ $4.62 Billion |
-7.06% |
| 2024-11-30 | Skr46.21 Billion ≈ $4.97 Billion |
-2.92% |
| 2023-11-30 | Skr47.60 Billion ≈ $5.12 Billion |
-6.22% |
| 2022-11-30 | Skr50.76 Billion ≈ $5.46 Billion |
-15.43% |
| 2021-11-30 | Skr60.02 Billion ≈ $6.46 Billion |
+9.88% |
| 2020-11-30 | Skr54.62 Billion ≈ $5.88 Billion |
-4.29% |
| 2019-11-30 | Skr57.07 Billion ≈ $6.14 Billion |
-2.52% |
| 2018-11-30 | Skr58.55 Billion ≈ $6.30 Billion |
-1.95% |
| 2017-11-30 | Skr59.71 Billion ≈ $6.43 Billion |
-2.49% |
| 2016-11-30 | Skr61.24 Billion ≈ $6.59 Billion |
+5.49% |
| 2015-11-30 | Skr58.05 Billion ≈ $6.25 Billion |
+12.59% |
| 2014-11-30 | Skr51.56 Billion ≈ $5.55 Billion |
+13.94% |
| 2013-11-30 | Skr45.25 Billion ≈ $4.87 Billion |
+3.22% |
| 2012-11-30 | Skr43.84 Billion ≈ $4.72 Billion |
-0.61% |
| 2011-11-30 | Skr44.10 Billion ≈ $4.75 Billion |
-0.15% |
| 2010-11-30 | Skr44.17 Billion ≈ $4.75 Billion |
+8.76% |
| 2009-11-30 | Skr40.61 Billion ≈ $4.37 Billion |
+9.91% |
| 2008-11-30 | Skr36.95 Billion ≈ $3.98 Billion |
+15.13% |
| 2007-11-30 | Skr32.09 Billion ≈ $3.45 Billion |
+15.53% |
| 2006-11-30 | Skr27.78 Billion ≈ $2.99 Billion |
+7.16% |
| 2005-11-30 | Skr25.92 Billion ≈ $2.79 Billion |
+16.73% |
| 2004-11-30 | Skr22.21 Billion ≈ $2.39 Billion |
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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 | Skr39.42 Billion | 91.84% |
| Common Stock | Skr207.00 Million | 0.48% |
| Other Comprehensive Income | Skr3.30 Billion | 7.68% |
| Total Equity | Skr42.92 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 |
|---|---|
|
Vestas Wind Systems A/S
F:VWSA
|
$24.97 Billion |
|
PPG Industries Inc
NYSE:PPG
|
$25.00 Billion |
|
Veolia Environnement S.A
F:VVDH
|
$25.04 Billion |
|
Airports Of Thailand PCL
BK:AOT
|
$25.05 Billion |
|
SAMPO OYJ (SDR)/1
F:SMP
|
$24.86 Billion |
|
Equity Residential
NYSE:EQR
|
$24.78 Billion |
|
Naturgy Energy Group SA
MC:NTGY
|
$24.77 Billion |
|
Hua Hong Semiconductor Limited
F:1HH
|
$24.76 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 comprehensive income increased equity by 3,297,000,000.
- Other factors decreased equity by 7,516,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr12.16 Billion | +28.33% |
| Dividends Paid | Skr10.91 Billion | -25.41% |
| Share Repurchases | Skr254.00 Million | -0.59% |
| Other Comprehensive Income | Skr3.30 Billion | +7.68% |
| Other Changes | Skr-7.52 Billion | -17.51% |
| Total Change | Skr- | -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: 6.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.31x to 6.17x 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 | Skr13.42 | Skr165.20 | x |
| 2005-11-30 | Skr15.66 | Skr165.20 | x |
| 2006-11-30 | Skr16.78 | Skr165.20 | x |
| 2007-11-30 | Skr19.39 | Skr165.20 | x |
| 2008-11-30 | Skr22.33 | Skr165.20 | x |
| 2009-11-30 | Skr24.54 | Skr165.20 | x |
| 2010-11-30 | Skr26.69 | Skr165.20 | x |
| 2011-11-30 | Skr26.65 | Skr165.20 | x |
| 2012-11-30 | Skr26.49 | Skr165.20 | x |
| 2013-11-30 | Skr27.34 | Skr165.20 | x |
| 2014-11-30 | Skr31.15 | Skr165.20 | x |
| 2015-11-30 | Skr35.07 | Skr165.20 | x |
| 2016-11-30 | Skr37.00 | Skr165.20 | x |
| 2017-11-30 | Skr36.08 | Skr165.20 | x |
| 2018-11-30 | Skr35.37 | Skr165.20 | x |
| 2019-11-30 | Skr34.48 | Skr165.20 | x |
| 2020-11-30 | Skr33.00 | Skr165.20 | x |
| 2021-11-30 | Skr36.26 | Skr165.20 | x |
| 2022-11-30 | Skr30.76 | Skr165.20 | x |
| 2023-11-30 | Skr29.17 | Skr165.20 | x |
| 2024-11-30 | Skr28.63 | Skr165.20 | x |
| 2025-11-30 | Skr26.76 | Skr165.20 | 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 | Skr5.05 Billion |
| 2005 | 35.67% | 15.09% | 1.85x | 1.28x | Skr6.65 Billion |
| 2006 | 38.87% | 15.79% | 1.92x | 1.28x | Skr8.02 Billion |
| 2007 | 42.34% | 17.34% | 1.88x | 1.30x | Skr10.38 Billion |
| 2008 | 41.39% | 17.28% | 1.73x | 1.39x | Skr11.60 Billion |
| 2009 | 40.34% | 16.16% | 1.87x | 1.34x | Skr12.32 Billion |
| 2010 | 42.29% | 17.22% | 1.83x | 1.34x | Skr14.26 Billion |
| 2011 | 35.87% | 14.38% | 1.83x | 1.36x | Skr11.41 Billion |
| 2012 | 38.48% | 13.96% | 2.01x | 1.37x | Skr12.48 Billion |
| 2013 | 37.91% | 13.34% | 1.96x | 1.45x | Skr12.63 Billion |
| 2014 | 38.75% | 13.19% | 2.00x | 1.47x | Skr14.82 Billion |
| 2015 | 36.00% | 11.55% | 2.11x | 1.48x | Skr15.09 Billion |
| 2016 | 30.43% | 9.69% | 1.95x | 1.61x | Skr12.51 Billion |
| 2017 | 27.10% | 8.09% | 1.88x | 1.78x | Skr10.21 Billion |
| 2018 | 21.61% | 6.01% | 1.77x | 2.03x | Skr6.80 Billion |
| 2019 | 23.56% | 5.78% | 1.93x | 2.11x | Skr7.74 Billion |
| 2020 | 2.28% | 0.66% | 1.07x | 3.19x | Skr-4.22 Billion |
| 2021 | 18.34% | 5.53% | 1.11x | 3.00x | Skr5.01 Billion |
| 2022 | 7.03% | 1.60% | 1.23x | 3.59x | Skr-1.51 Billion |
| 2023 | 18.42% | 3.71% | 1.30x | 3.81x | Skr4.00 Billion |
| 2024 | 25.19% | 4.96% | 1.30x | 3.91x | Skr7.01 Billion |
| 2025 | 28.33% | 5.33% | 1.34x | 3.97x | Skr7.87 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: $342,943,000
- Average return on equity (ROE) among peers: 29.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H & M Hennes & Mauritz AB (publ) (HM-B) | Skr41.42 Billion | 32.76% | 2.96x | $24.95 Billion |
| Bjorn Borg AB (BORG) | $342.94 Million | 29.77% | 0.49x | $174.29 Million |
About 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, towels and tablecloths, tableware, furniture, and lighting; and beauty products, such as make-up and fragrance collect… Read more