Hemnet Group AB (HEM) AI Stock Analysis

• Market Cap: kr12.96B
• Dividend Yield: 0.99%
• Average Volume (3M): 260.17K
• Price to Earnings (P/E): 24.4
• Beta (1Y): 0.07
• Revenue Growth: 18.18%
• EPS Growth: 19.59%
• Country: US
• Employees: 156
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 1.07
• Shares Outstanding: 90,508,990
• 10 Day Avg. Volume: 232,722
• 30 Day Avg. Volume: 260,167
• PEG Ratio: 2.15
• Price to Book (P/B): 25.84
• Price to Sales (P/S): 23.14
• P/FCF Ratio: 59.38
• 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: kr190.57
• Price Target Upside: 29.03% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: kr146.00 ▼(-1.15% Downside)

Hemnet Group AB's strong financial performance is the primary driver of its score, supported by robust profitability and cash flow metrics. However, the technical analysis indicates weak momentum, and the valuation suggests the stock may be overvalued, which tempers the overall score.

Positive Factors

Network effects / marketplace

Hemnet’s two-sided marketplace creates durable competitive advantage: heavy consumer traffic attracts agents who pay for listings and upgrades, which in turn sustains inventory and engagement. That flywheel supports long-term monetization, customer stickiness, and pricing leverage.

Cash flow generation

Consistently positive free cash flow and high operating cash flow conversion provide financial flexibility to invest in product, fund marketing, pay dividends or repurchase shares, and absorb cyclical downturns, underpinning sustainable operations and strategic optionality.

Balance sheet & margins

Manageable leverage combined with strong ROE and robust gross/net margins indicates efficient capital use and profitable operations. This financial resilience supports long-term investment, lowers bankruptcy risk, and preserves the ability to compete and expand offerings.

Negative Factors

Slowing revenue growth

A decelerating revenue trend is a structural risk for a marketplace reliant on volume and monetization of listings. Prolonged slowdown can limit reinvestment, compress future margin expansion, and reduce the ability to fund product development or marketing needed to defend market share.

Concentration on supply-side monetization

Heavy dependence on agent/listing fees exposes Hemnet to housing market cycles and agent budget pressure. If brokers consolidate, cut marketing spend, or push for lower fees, revenue and pricing power could be structurally impaired, reducing predictability of cash flows.

Limited revenue diversification / disclosure

Lack of granular disclosure on revenue mix and partnerships hides concentration risks and makes it harder to assess resilience across market cycles. Limited visible diversification increases execution risk if core listing products face secular headwinds or increased competition.

Hemnet Group AB Business Overview & Revenue Model

Company Description

Hemnet Group AB (publ) operates a property platform. Its platform gathers various property buyers, sellers, and real estate agents in one place. The company was founded in 1998 and is based in Stockholm, Sweden.

How the Company Makes Money

Hemnet Group AB generates revenue primarily through advertising and subscription fees. The company charges real estate agents and property developers for premium listings and advertising space on its platform, allowing them to showcase properties to a broader audience. Additionally, Hemnet offers subscription services for real estate agencies, which provide enhanced visibility and marketing tools. The company also benefits from partnerships with various stakeholders in the real estate market, including financial institutions and property developers, which can contribute to additional revenue opportunities through co-marketing initiatives and data sharing agreements.

Hemnet Group AB Financial Statement Overview

Summary

Hemnet Group AB presents a solid financial profile with strong profitability and cash flow metrics. Despite a recent decline in revenue growth, the company maintains a stable balance sheet and efficient cash flow management.

Income Statement

Hemnet Group AB shows strong profitability with high gross and net profit margins. However, the recent TTM data indicates a decline in revenue growth rate, which is a concern. Despite this, EBIT and EBITDA margins remain robust, reflecting efficient cost management.

Balance Sheet

The company maintains a healthy balance sheet with a moderate debt-to-equity ratio, indicating manageable leverage. Return on equity is strong, showcasing effective use of equity to generate profits. The equity ratio suggests a stable financial position with a significant portion of assets financed by equity.

Cash Flow

Hemnet Group AB demonstrates strong cash flow management with positive free cash flow growth and high operating cash flow to net income ratio. The free cash flow to net income ratio is also favorable, indicating efficient conversion of profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.54B	1.39B	1.00B	889.20M	728.10M	544.08M
Gross Profit	1.46B	1.41B	848.10M	899.20M	732.70M	547.98M
EBITDA	790.10M	723.20M	521.10M	442.40M	296.40M	182.86M
Net Income	539.20M	338.70M	338.70M	293.80M	156.50M	67.70M
Balance Sheet
Total Assets	2.27B	2.19B	2.16B	2.09B	2.13B	2.37B
Cash, Cash Equivalents and Short-Term Investments	195.60M	111.70M	102.60M	100.40M	94.50M	271.62M
Total Debt	622.50M	503.60M	540.70M	328.50M	283.10M	686.74M
Total Liabilities	1.14B	945.20M	896.40M	661.90M	616.60M	1.02B
Stockholders Equity	1.13B	1.25B	1.26B	1.43B	1.52B	1.35B
Cash Flow
Free Cash Flow	644.30M	543.40M	357.10M	340.50M	228.00M	119.96M
Operating Cash Flow	663.40M	566.90M	395.90M	356.00M	235.00M	126.97M
Investing Cash Flow	-25.30M	-23.50M	-38.80M	-15.50M	17.70M	-6.99M
Financing Cash Flow	-587.60M	-534.30M	-354.90M	-334.60M	-405.30M	-92.29M

Hemnet Group AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 147.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Neutral. The current price of 147.7 is below the 20-day moving average (MA) of 155.33, below the 50-day MA of 166.35, and below the 200-day MA of 247.37, indicating a bearish trend. The MACD of -7.12 indicates Positive momentum. The RSI at 42.83 is Neutral, neither overbought nor oversold. The STOCH value of 29.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:HEM.

Hemnet Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENRO	72 Outperform	kr276.08M	4.20	23.97%	―	-0.21%	33.33%
TRAD	70 Outperform	kr466.64M	28.29	4.37%	―	6.67%	-7.93%
ACAST	63 Neutral	kr5.74B	-144.19	-3.84%	―	26.82%	76.68%
HEM	61 Neutral	kr12.96B	24.44	46.90%	0.99%	18.18%	19.59%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
IVSO	57 Neutral	kr12.68B	59.79	21.88%	0.87%	5.69%	4.82%
CINT	52 Neutral	kr997.48M	19.93	1.00%	―	-21.66%	―

Hemnet Group AB Corporate Events

Hemnet Increases Treasury Share Holding Through Continued Buybacks

Hemnet Group AB has continued its share buyback programme, repurchasing ordinary shares on Nasdaq Stockholm between 19 and 23 January 2026 through Carnegie Investment Bank acting on its behalf. Following these transactions, the company holds 2,172,718 of its own shares out of a total 95,565,564 outstanding, a move that marginally reduces the free float and can be interpreted as an effort to optimise its capital structure and return value to shareholders.

The most recent analyst rating on (SE:HEM) stock is a Buy with a SEK162.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet to Unveil Year-End 2025 Results in Extended Strategy-Focused Presentation

Hemnet Group AB will release its fourth-quarter and full-year 2025 results on 29 January at 08:00 CET, followed by an expanded two-hour English-language presentation at 10:00 CET featuring CEO Jonas Gustafsson, CFO Anders Örnulf and COO Lisa Farrar. In addition to reviewing financial performance, management will provide an update on Hemnet’s strategic and commercial priorities, underlining the platform’s efforts to refine its positioning and product offering in the Swedish housing market; investors and other stakeholders can follow the event via livestream or teleconference, with accompanying materials published on the company’s website.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK205.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Continues Share Buybacks on Nasdaq Stockholm

Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 12 and 16 January 2026 through Carnegie Investment Bank acting on its behalf. Following these transactions, the company holds 2,082,718 of its own shares out of a total of 95,565,564 shares outstanding, a move that may signal confidence in its valuation and slightly increase the ownership stake of remaining shareholders.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK205.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Increases Treasury Stock Through Continued Share Buybacks

Hemnet Group AB has continued its share buyback programme, repurchasing additional ordinary shares on Nasdaq Stockholm between 22 December 2025 and 2 January 2026 through Carnegie Investment Bank acting on its behalf. Following these transactions, the company holds 1,952,718 of its own ordinary shares out of a total 95,565,564 shares outstanding, modestly increasing its treasury position and potentially enhancing earnings per share as well as signalling confidence in its valuation to investors.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK179.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Increases Treasury Shareholding Through Late-December Buybacks

Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 22 and 26 December 2025 through Carnegie Investment Bank acting as its agent. Following these transactions, the company holds 1,907,718 of its own shares out of a total 95,565,564 outstanding shares, a move that slightly reduces the free float and can be interpreted as capital management aimed at optimising the balance sheet and potentially enhancing long-term shareholder value.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK179.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Increases Treasury Stock Through December Share Buybacks

During 15–19 December 2025, Hemnet Group AB repurchased its own ordinary shares on Nasdaq Stockholm, with Carnegie Investment Bank executing the transactions on the company’s behalf. Following these buybacks, Hemnet holds 1,877,718 of its own shares out of a total 95,565,564 outstanding, signaling continued use of share repurchases as a tool for balance-sheet optimization and potential enhancement of shareholder value through a reduced free float.

The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK179.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.

Hemnet Enhances Early Home Sales Process with New Initiatives

Hemnet Group AB has launched two strategic initiatives to enhance its role in the early stages of the home sales process. The ‘Sell first, pay later’ model aims to lower the threshold for early home publication, while new strategic partnerships with real estate agents are set to improve market transparency and efficiency. These initiatives respond to evolving market dynamics and consumer behaviors, aiming to provide better value for sellers, buyers, and agents.

The most recent analyst rating on (SE:HEM) stock is a Sell with a SEK159.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.