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HMRZF - H & M Hennes & Mauritz: A Net Cash Position But Looking For Confirmation In The Current Year
Hennes & Mauritz B Free Shs
H&M is a Swedish clothing retailer and home decoration store. Thanks to its strong balance sheet, it got through the COVID pandemic without too much pain.
The free cash flow yield in FY 2021 came in just under 6%, while the net cash position increased to 18B SEK and will likely exceed 20B SEK by YE2022.
The dividend yield is generous (at an anticipated 5% yield), but the 30% dividend withholding tax in Sweden is rather high.