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Should Value Investors Buy Hennes & Mauritz (HNNMY) Stock?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Hennes & Mauritz (HNNMY - Free Report) is a stock many investors are watching right now. HNNMY is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
Another notable valuation metric for HNNMY is its P/B ratio of 6.09. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. HNNMY's current P/B looks attractive when compared to its industry's average P/B of 6.45. HNNMY's P/B has been as high as 6.27 and as low as 4.01, with a median of 4.87, over the past year.
Finally, we should also recognize that HNNMY has a P/CF ratio of 8.11. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. HNNMY's P/CF compares to its industry's average P/CF of 15.42. Over the past year, HNNMY's P/CF has been as high as 9.27 and as low as 6.08, with a median of 7.14.
These are only a few of the key metrics included in Hennes & Mauritz's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, HNNMY looks like an impressive value stock at the moment.
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Should Value Investors Buy Hennes & Mauritz (HNNMY) Stock?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Hennes & Mauritz (HNNMY - Free Report) is a stock many investors are watching right now. HNNMY is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
Another notable valuation metric for HNNMY is its P/B ratio of 6.09. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. HNNMY's current P/B looks attractive when compared to its industry's average P/B of 6.45. HNNMY's P/B has been as high as 6.27 and as low as 4.01, with a median of 4.87, over the past year.
Finally, we should also recognize that HNNMY has a P/CF ratio of 8.11. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. HNNMY's P/CF compares to its industry's average P/CF of 15.42. Over the past year, HNNMY's P/CF has been as high as 9.27 and as low as 6.08, with a median of 7.14.
These are only a few of the key metrics included in Hennes & Mauritz's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, HNNMY looks like an impressive value stock at the moment.