Hemnet Group AB (HEM) AI Stock Analysis

• Market Cap: €23.90B
• Dividend Yield: 0.67%
• Average Volume (3M): 239.32K
• Price to Earnings (P/E): 43.6
• Beta (1Y): 0.23
• Revenue Growth: 28.44%
• EPS Growth: 32.89%
• Country: SE
• Employees: 156
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 1.94
• Shares Outstanding: 90,508,990
• 10 Day Avg. Volume: 261,958
• 30 Day Avg. Volume: 239,322
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €315.66
• Price Target Upside: 25.16% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7

• Rating: 61 Neutral
• Price Target: kr284.00 ▲(12.61% Upside)

Hemnet Group AB's strong financial performance is a significant positive factor, demonstrating robust revenue growth and profitability. However, bearish technical indicators and a high valuation relative to peers weigh on the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.

Hemnet Group AB Business Overview & Revenue Model

Company Description

Hemnet Group AB (HEM) is a leading online real estate platform based in Sweden. The company operates in the real estate sector, providing a digital marketplace that connects buyers, sellers, and real estate professionals. Hemnet's platform enables users to search for residential properties, commercial properties, and rental listings. It offers a range of services including property listings, advertising solutions, and market insights, catering to both private consumers and real estate professionals.

How the Company Makes Money

Hemnet Group AB generates revenue primarily through listing fees and advertising. The company charges real estate agents and private sellers fees to list properties on its platform. In addition to listing fees, Hemnet offers premium listing services, allowing sellers to enhance the visibility of their properties. Advertising constitutes another significant revenue stream, where businesses can purchase ad space on the platform to reach Hemnet's large audience of potential property buyers and sellers. The company benefits from strong brand recognition and a dominant position in the Swedish real estate market, which attracts a steady flow of listings and advertising demand. Partnerships with real estate agencies and developers further bolster its revenue through exclusive or prioritized listings.

Hemnet Group AB Financial Statement Overview

Summary

Hemnet Group AB exhibits strong financial performance with impressive growth in revenue and profitability, supported by efficient cost management and robust cash flow generation. The balance sheet remains stable, although the rising debt levels warrant careful monitoring.

Income Statement

Hemnet Group AB shows strong revenue growth with a TTM increase of 5.34%, supported by robust gross and net profit margins of 100.81% and 35.41%, respectively. The EBIT and EBITDA margins are also healthy at 45.99% and 51.82%, indicating efficient cost management and profitability. The consistent improvement in revenue and margins over the years highlights a positive growth trajectory.

Balance Sheet

The company's balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.50 and a strong return on equity of 45.30%. The equity ratio stands at 51.14%, suggesting a solid capital structure. However, the increase in total debt over the years could pose a potential risk if not managed carefully.

Cash Flow

Hemnet Group AB demonstrates strong cash flow management with a free cash flow growth rate of 4.79% TTM and a high operating cash flow to net income ratio of 1.83. The free cash flow to net income ratio of 0.96 indicates efficient conversion of earnings into cash. The consistent growth in free cash flow over the years supports the company's liquidity and operational stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.55B	1.39B	1.00B	889.20M	728.10M	544.08M
Gross Profit	1.56B	1.41B	848.10M	899.20M	732.70M	547.98M
EBITDA	802.30M	723.20M	521.10M	442.40M	296.40M	182.86M
Net Income	548.20M	338.70M	338.70M	293.80M	156.50M	67.70M
Balance Sheet
Total Assets	2.24B	2.19B	2.16B	2.09B	2.13B	2.37B
Cash, Cash Equivalents and Short-Term Investments	130.30M	111.70M	102.60M	100.40M	94.50M	271.62M
Total Debt	575.40M	503.60M	540.70M	328.50M	283.10M	686.74M
Total Liabilities	1.09B	945.20M	896.40M	661.90M	616.60M	1.02B
Stockholders Equity	1.15B	1.25B	1.26B	1.43B	1.52B	1.35B
Cash Flow
Free Cash Flow	599.60M	543.40M	357.10M	340.50M	228.00M	119.96M
Operating Cash Flow	621.50M	566.90M	395.90M	356.00M	235.00M	126.97M
Investing Cash Flow	-21.90M	-23.50M	-38.80M	-15.50M	17.70M	-6.99M
Financing Cash Flow	-588.20M	-534.30M	-354.90M	-334.60M	-405.30M	-92.29M

Hemnet Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 252.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HEM, the sentiment is Negative. The current price of 252.2 is below the 20-day moving average (MA) of 254.37, below the 50-day MA of 267.45, and below the 200-day MA of 323.33, indicating a bearish trend. The MACD of -3.54 indicates Negative momentum. The RSI at 45.25 is Neutral, neither overbought nor oversold. The STOCH value of 25.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HEM.

Hemnet Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRAD	71 Outperform	461.81M	44.76	2.57%	―	5.16%	-63.53%
IVSO	69 Neutral	15.68B	61.06	24.28%	0.68%	12.46%	25.56%
ENRO	66 Neutral	301.45M	3.92	25.17%	―	-0.73%	107.66%
HEM	61 Neutral	€23.90B	43.55	46.90%	0.67%	28.44%	32.89%
ACAST	54 Neutral	3.31B	-45.34	-6.53%	―	21.20%	37.02%
CINT	46 Neutral	2.29B	33.32	1.33%	―	-26.59%	0.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

Hemnet Group AB Corporate Events

Hemnet Group AB Reports Strong Q2 2025 Performance Amid Market Challenges

Hemnet Group AB reported a strong performance in Q2 2025, with a 19.4% increase in net sales and a 20.7% rise in EBITDA, despite a challenging property market. The growth was driven by higher-tier package demand and the launch of Hemnet Max, which enhanced the value proposition for sellers. Despite a decline in listing volumes due to market uncertainties, Hemnet maintained its market leadership, with 9 out of 10 properties sold in Sweden being listed on its platform. The company continues to innovate with new product features, aiming for long-term growth and increased customer value.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK326.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Group AB Executes Share Buy-back to Adjust Capital Structure

Hemnet Group AB has repurchased 47,000 of its own shares between June 2 and June 6, 2025, as part of a SEK 600 million share buy-back program. This initiative, conducted under EU regulations, aims to adjust the company’s capital structure by reducing its share capital, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK370.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Group AB Adjusts Share Structure

Hemnet Group AB has announced a change in its number of shares and votes following the cancellation of 1,209,261 own shares and the issuance of 203,076 new shares through a warrant program. This adjustment results in a total of 95,565,564 shares, comprising 90,508,990 ordinary shares and 5,056,574 class A1 shares, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK370.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Group Initiates Share Buy-Back Program to Optimize Capital Structure

Hemnet Group AB has announced a share buy-back program authorized by its board to adjust its capital structure. The program allows for the repurchase of up to 10% of the company’s shares, with a maximum purchase amount of SEK 600 million, to be executed on Nasdaq Stockholm. This strategic move is aimed at reducing Hemnet’s share capital, with plans to propose the redemption of repurchased shares at the 2026 annual general meeting.

Hemnet Group AB Annual General Meeting 2025: Key Resolutions and Updates

Hemnet Group AB held its annual general meeting on May 6, 2025, where several key resolutions were passed. The meeting approved the financial statements for 2024 and declared a dividend of SEK 1.70 per share. The board of directors was re-elected with some new members, and the authority was granted to issue new shares and repurchase the company’s own shares. Additionally, a long-term performance share program was introduced for employees, and the share capital was adjusted through a reduction and bonus issue.