<h2>最近的股价表现和业务快照</h2>
<p>H &amp; M Hennes &amp; Mauritz (OM:HM B) 最近面临压力，过去一周股价下跌了 3%，过去一个月下跌了约 4%。</p>
<p>在过去的 3 个月中，股价大约下跌了 6%，年初至今下跌了 10.8%，尽管过去一年总回报为 23.4%，过去三年总回报为 27.5%。</p>
<p>该公司报告的年收入为 222,559 瑞典克朗，净收入为 12,292 瑞典克朗，基于最新报告的数字，收入和净收入均显示出正的年度增长。</p>
<p>请查看我们对 H &amp; M Hennes &amp; Mauritz 的最新分析。</p>
<p>最近一天股价下跌 3% 和 7 天内下跌 5% 的回报表明短期动能正在减弱，尽管过去一年 23.4% 的股东总回报仍反映出更强的长期前景。</p>
<p>如果您正在将 H &amp; M Hennes &amp; Mauritz 与市场上的其他机会进行比较，现在可能是扩大搜索范围并查看 97 家顶级创始人主导公司的好时机。</p>
<p>H &amp; M Hennes &amp; Mauritz 的交易价格为 165.20 瑞典克朗，考虑到内在价值差距和近期混合回报，市场是否忽视了这里的潜在上行空间，还是已经考虑了公司的未来增长？</p>
<h2>最受欢迎的叙述：高估 1%</h2>
<p>与最后收盘价 165.20 瑞典克朗相比，最受关注的叙述指出公允价值为 163.42 瑞典克朗，基于对增长、利润率和估值倍数的详细假设。</p>
<blockquote>
<p><em>分析师对 H &amp; M Hennes &amp; Mauritz 的共识目标价为 163.42 瑞典克朗，基于他们对未来盈利增长、利润率和其他风险因素的预期。</em></p>
<p><em>然而，分析师之间存在一定程度的分歧，最乐观的分析师报告的目标价为 200.0 瑞典克朗，而最悲观的分析师报告的目标价仅为 123.0 瑞典克朗。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想看看价格与公允价值之间紧密差距背后是什么吗？收入增长、利润提升和未来盈利倍数都发挥着核心作用。</p>
<p><strong>结果：公允价值为 163.42 瑞典克朗（高估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，库存和采购成本上升，加上关键市场销售疲软，仍可能打乱这些公允价值假设并迅速改变市场情绪。</p>
<p>了解 H &amp; M Hennes &amp; Mauritz 叙述的关键风险。</p>
<h2>价值的另一种角度</h2>
<p>分析师的公允价值为 163.42 瑞典克朗，表明 H &amp; M Hennes &amp; Mauritz 大约高估 1%，但 SWS DCF 模型则指向相反，股价交易在其未来现金流价值 332.39 瑞典克朗的 50.3% 以下。你更信任哪个信号：目标价还是现金流？</p>
<p>深入了解 SWS DCF 模型如何得出其公允价值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a072a904-5f42-44b3-bc4f-e7dfcc02a943/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTMw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a072a904-5f42-44b3-bc4f-e7dfcc02a943/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTMw"/></p>
<p>截至 2026 年 4 月的 HM B 折现现金流</p>
<p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看 H &amp; M Hennes &amp; Mauritz）。我们展示完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现 232 只高质量的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
<h2>下一步</h2>
<p>关于价值和情绪的混合信息使得这是一个仔细查看细节的时刻，权衡双方，并在围绕 3 个关键奖励和 1 个重要警告信号的观点发生变化之前采取行动。</p>
<h2>寻找更多投资想法？</h2>
<p>如果 H &amp; M Hennes &amp; Mauritz 引起了您的注意，请不要止步于此；现在扩大您的观察列表，以免错过下一个机会。</p>
<ul>
<li>通过扫描结合强大基本面与吸引估值的公司，针对潜在的错误定价，使用 232 只高质量被低估股票</li>
<li>通过审查提供强劲收益的股票，增强您的收入关注，查看 478 只股息堡垒</li>
<li>通过稳健的资产负债表和基本面股票筛选器（391 个结果），优先关注财务稳健的公司</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也不考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<h3>估值复杂，但我们在这里简化它。</h3>
<p>通过我们的详细分析，发现 H &amp; M Hennes &amp; Mauritz 是否可能被低估或高估，分析内容包括 <strong>公允价值估计、潜在风险、股息、内部交易及其财务状况。</strong></p>
<p>获取免费分析</p>

HMSB

<p>H & M Hennes & Mauritz (OM:HM B) 最近股价下跌，过去一周下跌了 3%，年初至今下跌了 10.8%，尽管过去一年总回报率为 23.4%。分析师认为该股票的估值约高出 1%，合理价值为 163.42 瑞典克朗，而折现现金流模型则显示其可能被低估，价值为 332.39 瑞典克朗。关于估值和市场情绪的混合信号表明，投资者在做出决策之前应仔细评估公司的基本面和市场状况</p>

<h2>Recent share performance and business snapshot</h2>
<div class="lb-trans"><h2>最近的股价表现和业务快照</h2>
</div><p>H &amp; M Hennes &amp; Mauritz (OM:HM B) has been under pressure recently, with the share showing a 3% decline over the past week and about a 4% decline over the past month.</p>
<div class="lb-trans"><p>H &amp; M Hennes &amp; Mauritz (OM:HM B) 最近面临压力，过去一周股价下跌了 3%，过去一个月下跌了约 4%。</p>
</div><p>Over the past 3 months, the stock is down roughly 6%, and year to date it shows a 10.8% decline, even though the 1 year total return is 23.4% and the 3 year total return is 27.5%.</p>
<div class="lb-trans"><p>在过去的 3 个月中，股价大约下跌了 6%，年初至今下跌了 10.8%，尽管过去一年总回报为 23.4%，过去三年总回报为 27.5%。</p>
</div><p>The company reports annual revenue of SEK 222,559 and net income of SEK 12,292, with both revenue and net income showing positive annual growth based on the latest reported figures.</p>
<div class="lb-trans"><p>该公司报告的年收入为 222,559 瑞典克朗，净收入为 12,292 瑞典克朗，基于最新报告的数字，收入和净收入均显示出正的年度增长。</p>
</div><p>See our latest analysis for H &amp; M Hennes &amp; Mauritz.</p>
<div class="lb-trans"><p>请查看我们对 H &amp; M Hennes &amp; Mauritz 的最新分析。</p>
</div><p>The recent 1 day share price return of a 3% decline and a 7 day return of a 5% decline suggest near term momentum is fading, even though the 1 year total shareholder return of 23.4% still reflects a stronger longer term picture.</p>
<div class="lb-trans"><p>最近一天股价下跌 3% 和 7 天内下跌 5% 的回报表明短期动能正在减弱，尽管过去一年 23.4% 的股东总回报仍反映出更强的长期前景。</p>
</div><p>If you are comparing H &amp; M Hennes &amp; Mauritz with other opportunities in the market, this could be a good moment to broaden your search and check out the 97 top founder-led companies</p>
<div class="lb-trans"><p>如果您正在将 H &amp; M Hennes &amp; Mauritz 与市场上的其他机会进行比较，现在可能是扩大搜索范围并查看 97 家顶级创始人主导公司的好时机。</p>
</div><p>With H &amp; M Hennes &amp; Mauritz trading at SEK 165.20 and an indicated intrinsic value gap alongside mixed recent returns, is the market overlooking potential upside here or already factoring in the company’s future growth?</p>
<div class="lb-trans"><p>H &amp; M Hennes &amp; Mauritz 的交易价格为 165.20 瑞典克朗，考虑到内在价值差距和近期混合回报，市场是否忽视了这里的潜在上行空间，还是已经考虑了公司的未来增长？</p>
</div><h2>Most Popular Narrative: 1% Overvalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：高估 1%</h2>
</div><p>Compared with the last close at SEK 165.20, the most followed narrative points to a fair value of SEK 163.42, built on detailed assumptions about growth, margins and valuation multiples.</p>
<div class="lb-trans"><p>与最后收盘价 165.20 瑞典克朗相比，最受关注的叙述指出公允价值为 163.42 瑞典克朗，基于对增长、利润率和估值倍数的详细假设。</p>
</div><blockquote>
<p><em>The analysts have a consensus price target of SEK163.42 for H &amp; M Hennes &amp; Mauritz based on their expectations of its future earnings growth, profit margins and other risk factors.</em></p>
<p><em>However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of SEK200.0, and the most bearish reporting a price target of just SEK123.0.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>分析师对 H &amp; M Hennes &amp; Mauritz 的共识目标价为 163.42 瑞典克朗，基于他们对未来盈利增长、利润率和其他风险因素的预期。</em></p>
<p><em>然而，分析师之间存在一定程度的分歧，最乐观的分析师报告的目标价为 200.0 瑞典克朗，而最悲观的分析师报告的目标价仅为 123.0 瑞典克朗。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to see what sits behind that tight gap between price and fair value? Revenue pacing, margin uplift and the future earnings multiple all play a central role.</p>
<div class="lb-trans"><p>想看看价格与公允价值之间紧密差距背后是什么吗？收入增长、利润提升和未来盈利倍数都发挥着核心作用。</p>
</div><p><strong>Result: Fair Value of SEK163.42 (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 163.42 瑞典克朗（高估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, rising inventory and purchasing costs, together with weaker sales in key markets, could still upset these fair value assumptions and shift sentiment quickly.</p>
<div class="lb-trans"><p>然而，库存和采购成本上升，加上关键市场销售疲软，仍可能打乱这些公允价值假设并迅速改变市场情绪。</p>
</div><p>Find out about the key risks to this H &amp; M Hennes &amp; Mauritz narrative.</p>
<div class="lb-trans"><p>了解 H &amp; M Hennes &amp; Mauritz 叙述的关键风险。</p>
</div><h2>Another angle on value</h2>
<div class="lb-trans"><h2>价值的另一种角度</h2>
</div><p>The analyst fair value of SEK 163.42 suggests H &amp; M Hennes &amp; Mauritz is about 1% overvalued, yet the SWS DCF model points the other way, with the shares trading at 50.3% below its estimate of future cash flow value of SEK 332.39. Which signal do you trust more: price targets or cash flows?</p>
<div class="lb-trans"><p>分析师的公允价值为 163.42 瑞典克朗，表明 H &amp; M Hennes &amp; Mauritz 大约高估 1%，但 SWS DCF 模型则指向相反，股价交易在其未来现金流价值 332.39 瑞典克朗的 50.3% 以下。你更信任哪个信号：目标价还是现金流？</p>
</div><p>Look into how the SWS DCF model arrives at its fair value.</p>
<div class="lb-trans"><p>深入了解 SWS DCF 模型如何得出其公允价值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a072a904-5f42-44b3-bc4f-e7dfcc02a943/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTMw" alt="" original-src="https://images.simplywall.st/company/a072a904-5f42-44b3-bc4f-e7dfcc02a943/chart/dcf?date=2026-04-30"/></p>
<p>HM B Discounted Cash Flow as at Apr 2026</p>
<div class="lb-trans"><p>截至 2026 年 4 月的 HM B 折现现金流</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out H &amp; M Hennes &amp; Mauritz for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 232 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p>
<div class="lb-trans"><p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看 H &amp; M Hennes &amp; Mauritz）。我们展示完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现 232 只高质量的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
</div><h2>Next Steps</h2>
<div class="lb-trans"><h2>下一步</h2>
</div><p>The mixed messages on value and sentiment make this a moment to look closely at the details yourself, weigh both sides, and act before views shift around the 3 key rewards and 1 important warning sign</p>
<div class="lb-trans"><p>关于价值和情绪的混合信息使得这是一个仔细查看细节的时刻，权衡双方，并在围绕 3 个关键奖励和 1 个重要警告信号的观点发生变化之前采取行动。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>If H &amp; M Hennes &amp; Mauritz has caught your attention, do not stop here; broaden your watchlist now so you are not late to the next opportunity.</p>
<div class="lb-trans"><p>如果 H &amp; M Hennes &amp; Mauritz 引起了您的注意，请不要止步于此；现在扩大您的观察列表，以免错过下一个机会。</p>
</div><ul>
<li>Target potential mispricing by scanning companies that combine strong fundamentals with appealing valuations using the 232 high quality undervalued stocks</li>
<li>Strengthen your income focus by reviewing stocks that offer robust yields in the 478 dividend fortresses</li>
<li>Prioritise resilience by zeroing in on companies with sturdy finances through the solid balance sheet and fundamentals stocks screener (391 results)</li>
</ul>
<div class="lb-trans"><ul>
<li>通过扫描结合强大基本面与吸引估值的公司，针对潜在的错误定价，使用 232 只高质量被低估股票</li>
<li>通过审查提供强劲收益的股票，增强您的收入关注，查看 478 只股息堡垒</li>
<li>通过稳健的资产负债表和基本面股票筛选器（391 个结果），优先关注财务稳健的公司</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也不考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div><h3>Valuation is complex, but we're here to simplify it.</h3>
<div class="lb-trans"><h3>估值复杂，但我们在这里简化它。</h3>
</div><p>Discover if H &amp; M Hennes &amp; Mauritz might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p>
<div class="lb-trans"><p>通过我们的详细分析，发现 H &amp; M Hennes &amp; Mauritz 是否可能被低估或高估，分析内容包括 <strong>公允价值估计、潜在风险、股息、内部交易及其财务状况。</strong></p>
</div><p>Access Free Analysis</p>
<div class="lb-trans"><p>获取免费分析</p>
</div>

由于关于公允价值的信号出现分歧，观察 H&M Hennes & Mauritz (OM:HM B) 的估值