Hennes & Mauritz AB Class B
HM B: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| SEK 447.00 | Jtdb | Hvxwlgzy |
H&M's Profitability Improvement Is Solid but Sales Trends Remain Patchy
Business Strategy and Outlook
Although we still believe that Hennes & Mauritz, or H&M, (the world’s second-largest fashion company in terms of revenue) benefits from scale advantages and brand recognition, we think these are no longer sufficient to guarantee medium- to long-term economic profits in an increasingly competitive environment, hence our no-moat rating for the company.