Added to YB: 2026-09-18
Pitch date: 2026-09-15
HEM.ST [bullish]
Hemnet Group AB (publ)
Author Info
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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 7.0B
Pitch Price
N/A
Price Target
N/A
Dividend
2.47%
EV/EBITDA
13.02
P/E
18.27
EV/Sales
5.74
Sector
Interactive Media and Services
Category
value
Hemnet chaos continues
HEM.ST (added to position): Added about 4% of available capital around SEK 75, lifting Hemnet to roughly 9% of invested capital, as the shares returned near an all-time low at 12x forward earnings. The “sell first/pay later” model defers revenue until a sale closes, distorting year-over-year comparisons and overstating the P/E. Despite housing weakness and likely continued uncertainty, ARPL still grew 10%, supporting confidence in the asset-light, network-effect-driven business.
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