Added to YB: 2026-03-11
Pitch date: 2026-03-09
HEM.ST [bullish]
Hemnet Group AB (publ)
-3.54%
current return
Author Info
No bio for this author
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 12.0B
Pitch Price
SEK 129.80
Price Target
158.20 (+25%)
Dividend
1.47%
EV/EBITDA
16.34
P/E
23.61
EV/Sales
8.21
Sector
Interactive Media and Services
Category
growth
Discovering Hemnet: Sweden’s Hidden Gem in the Property Portal World
HEM.ST: Sweden's dominant property portal (90% market share) weathered 70% stock drop amid 3yr property slump but shows resilience: FY25 rev +9.5% to 1.5B SEK despite 13% fewer listings, driven by 28% ARPL growth to 8,200 SEK. 50% EBITDA margin, 36% net margin, minimal debt. Trading 24x PE vs 25 fair PE. New catalysts: Sell First Pay Later rollout, Hemnet Max for agents, off-market data expansion. Target 15-20% rev growth long-term, 55%+ EBITDA margin. Est 23% 3yr CAGR, 26% IRR as Swedish market stabilizes, rates ease. Strong moat via network effects, lean 167-person team.
Read full article (5 min)