Added to YB: 2025-01-10
Pitch date: 2024-11-25
HEM.ST [bullish]
Hemnet Group AB (publ)
-70.35%
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 10.1B
Pitch Price
SEK 323.79
Price Target
470.00 (+390%)
Dividend
1.73%
EV/EBITDA
14.32
P/E
20.04
EV/Sales
6.98
Sector
Interactive Media and Services
Category
growth
Hemnet Group AB - $HEM.ST
HEM.ST: 94.5% Swedish real estate listings share. Unique seller-pays model enables 20% annual price hikes. ARPL €400 vs REA's €1500-2000. Upselling premium listings (35% penetration) & new segmentation. 75% incremental EBITDA margin. Targeting 470 SEK/share (40x 2026E EPS) in 12mo. Risks: property downturn. Catalyst: earnings beats.
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