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Are Investors Undervaluing Hennes & Mauritz (HNNMY) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
One stock to keep an eye on is Hennes & Mauritz (HNNMY - Free Report) . HNNMY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Another valuation metric that we should highlight is HNNMY's 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. This stock's P/B looks solid versus its industry's average P/B of 6.24. Over the past 12 months, HNNMY's P/B has been as high as 6.27 and as low as 4.01, with a median of 4.87.
Finally, investors will want to recognize that HNNMY has a P/CF ratio of 8.11. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.83. 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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Are Investors Undervaluing Hennes & Mauritz (HNNMY) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
One stock to keep an eye on is Hennes & Mauritz (HNNMY - Free Report) . HNNMY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Another valuation metric that we should highlight is HNNMY's 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. This stock's P/B looks solid versus its industry's average P/B of 6.24. Over the past 12 months, HNNMY's P/B has been as high as 6.27 and as low as 4.01, with a median of 4.87.
Finally, investors will want to recognize that HNNMY has a P/CF ratio of 8.11. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.83. 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.