Added to YB: 2025-11-26
Pitch date: 2025-11-24
HEM.ST [bullish]
Hemnet Group AB (publ)
-30.04%
current return
Author Info
Sherwood Investment Letter is building a fund and sharing the stocks they are analyzing and investing in. Sign up for the newsletter.
Company Info
Hemnet Group AB (publ) operates a residential property platform in Sweden. The company connects property buyers, sellers, and real estate agents in one platform.
Market Cap
SEK 15.5B
Pitch Price
SEK 168.10
Price Target
N/A
Dividend
1.03%
EV/EBITDA
20.52
P/E
29.14
EV/Sales
10.29
Sector
Interactive Media and Services
Category
turnaround
Dominant Swedish growth stock continues to get cheaper - Hemnet Group
HEM.ST: Sweden's dominant property platform down 60% since Feb, trading 30x PE vs prior 50x. Strong moat w/ high ROIC/ROIIC like Rightmove/REA but earlier monetization stage. Q3 ARPL growth slowed to 21% vs 30% in Q2. Concerns: competition & weak housing market. Insider buying signal. Added at 175 SEK.
Read full article (2 min)