Hemnet Group AB (SE:HEM)
:HEM
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Hemnet Group AB
(HEM)
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Rating:69Neutral
Price Target:
kr131.00
▲(5.99% Upside)
Action:ReiteratedDate:04/30/26
The score is primarily driven by strong financial performance (high margins and high-quality free cash flow), partly offset by recent top-line and free-cash-flow softening and a higher leverage trend. Technicals are mixed (better short-term than long-term), and valuation is a headwind given the higher P/E and modest yield.
Positive Factors
High and durable margins
Very high EBIT (~44%) and net (~34%) margins reflect a scalable, low incremental-cost marketplace model. Durable profitability supports reinvestment, product development and shareholder returns, helping earnings remain resilient even if top-line growth softens.
Negative Factors
Recent revenue decline
TTM revenue fell about 5.3%, signaling near-term demand softness after several years of growth. A prolonged drop in listing volumes or lower premium uptake would directly pressure the core monetization model and could limit reinvestment and growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
High and durable margins
Very high EBIT (~44%) and net (~34%) margins reflect a scalable, low incremental-cost marketplace model. Durable profitability supports reinvestment, product development and shareholder returns, helping earnings remain resilient even if top-line growth softens.
Read all positive factors
Hemnet Group AB (HEM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr11.10B
Dividend Yield0.99%
Average Volume (3M)260.17K
Price to Earnings (P/E)51.4
Beta (1Y)0.15
Revenue Growth-1.65%
EPS Growth-7.72%
CountrySE
Employees156
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.52
Shares Outstanding90,508,990
10 Day Avg. Volume232,722
30 Day Avg. Volume260,167
Financial Highlights & Ratios
PEG Ratio3.27
Price to Book (P/B)15.19
Price to Sales (P/S)10.67
P/FCF Ratio27.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr158.00Price Target Upside27.83% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)5.81
Revenue Forecast (FY)kr1.60B
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 primarily makes money by monetizing property listings and related exposure products on its marketplace. The core revenue stream is fees paid to publish residential property listings on Hemnet, typically via real-estate agents and/or home se...
Hemnet Group AB Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.45B | 1.53B | 1.39B | 1.00B | 889.20M | 728.10M |
| Gross Profit | 1.36B | 674.10M | 1.41B | 848.10M | 899.20M | 732.70M |
| EBITDA | 699.30M | 767.50M | 723.20M | 521.10M | 442.40M | 296.40M |
| Net Income | 466.00M | 520.60M | 338.70M | 338.70M | 293.80M | 156.50M |
Balance Sheet | ||||||
| Total Assets | 2.09B | 2.10B | 2.19B | 2.16B | 2.09B | 2.13B |
| Cash, Cash Equivalents and Short-Term Investments | 113.80M | 103.30M | 111.70M | 102.60M | 100.40M | 94.50M |
| Total Debt | 726.40M | 619.70M | 503.60M | 540.70M | 328.50M | 283.10M |
| Total Liabilities | 1.12B | 1.03B | 945.20M | 896.40M | 661.90M | 616.60M |
| Stockholders Equity | 965.50M | 1.07B | 1.25B | 1.26B | 1.43B | 1.52B |
Cash Flow | ||||||
| Free Cash Flow | 531.80M | 595.90M | 543.40M | 357.10M | 340.50M | 228.00M |
| Operating Cash Flow | 543.30M | 598.10M | 566.90M | 395.90M | 356.00M | 235.00M |
| Investing Cash Flow | -23.30M | -25.70M | -23.50M | -38.80M | -15.50M | 17.70M |
| Financing Cash Flow | -476.70M | -580.80M | -534.30M | -354.90M | -334.60M | -405.30M |
Hemnet Group AB Technical Analysis
Neutral
123.60
Price Trends
116.31
Positive
139.55
Negative
193.73
Negative
Market Momentum
-0.10
Negative
63.01
Neutral
85.77
Negative
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 123.6 is above the 20-day moving average (MA) of 107.82, above the 50-day MA of 116.31, and below the 200-day MA of 193.73, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 63.01 is Neutral, neither overbought nor oversold. The STOCH value of 85.77 is Negative, 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr12.28B | 55.69 | 21.88% | 0.87% | -3.86% | -29.56% | |
69 Neutral | kr11.10B | 51.36 | 46.90% | 0.99% | -1.65% | -7.72% | |
68 Neutral | kr453.67M | -13.10 | 14.76% | ― | ― | -71.25% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr374.76M | 385.19 | 0.26% | ― | 5.62% | ― | |
54 Neutral | kr2.05B | -161.26 | -50.59% | ― | -9.10% | -2244.57% | |
52 Neutral | kr5.72B | -55.48 | -3.84% | ― | 27.09% | -244.26% |
* Communication Services Sector Average
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Hemnet Group AB Corporate Events
Hemnet Delays Capital Markets Day, Plans Expanded Strategy Update in July
Apr 30, 2026
Hemnet has postponed its previously scheduled Capital Markets Day, originally planned for June 3, and will instead provide an expanded strategic update alongside its half-year interim report on July 17. The move consolidates investor communication...
Hemnet Cushions Q1 Slump With Higher Revenue Per Listing and ‘Sell First, Pay Later’ Push
Apr 28, 2026
Hemnet reported a sharp decline in first-quarter 2026 financials, with net sales down 24.7 percent to SEK 247.2 million and EBITDA down 43.3 percent, hit by fewer listings in a hesitant housing market and a new revenue-recognition model. Despite t...
Hemnet increases treasury shareholding through continued buybacks
Apr 27, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 20 and 24 April 2026 through Carnegie Investment Bank acting as its agent. Following these transactions, the company holds ...
Hemnet to Present Q1 2026 Results and Host Investor Webcast
Apr 21, 2026
Hemnet Group AB will publish its first-quarter 2026 results on April 28 at 08:00 CET, followed by an English-language results presentation at 10:00 CET led by CEO Jonas Gustafsson and CFO Anders Örnulf. Investors and other stakeholders can fo...
Hemnet Increases Treasury Stock Through April Share Buybacks
Apr 20, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing ordinary shares on Nasdaq Stockholm between 13 and 17 April 2026 through Carnegie Investment Bank acting as its broker. After these transactions, the company holds 3,375,768 o...
Hemnet adds to treasury stock through continued share buybacks
Apr 13, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing ordinary shares on Nasdaq Stockholm between 6 and 10 April 2026 through Carnegie Investment Bank acting on its behalf. Following these transactions, the company holds 3,275,76...
Hemnet adds to treasury stock with latest share buybacks
Apr 7, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 30 March and 3 April 2026 through Carnegie Investment Bank acting as its broker. Following these transactions, the company ...
Hemnet boosts treasury stake with continued share buybacks
Mar 30, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 23 and 27 March 2026 through Carnegie Investment Bank acting as its agent. Following these transactions, the company now ho...
Hemnet convenes 2026 AGM with expanded voting options for shareholders
Mar 27, 2026
Hemnet Group AB has called its Annual General Meeting for 8 May 2026 in central Stockholm, inviting shareholders to participate in person, by proxy, or via postal voting. The company outlines detailed procedures and deadlines for registration, vot...
Hemnet to Repurchase Shares for Performance Share Programme Allocation
Mar 26, 2026
Hemnet Group AB’s board has decided to use an existing shareholder mandate to repurchase up to 43,050 of its own ordinary shares on Nasdaq Stockholm to deliver shares under the company’s Performance Share Program 2025/2028. The buyback...
Hemnet Proposes Split Dividend Payout for 2025 While Keeping Total Unchanged
Mar 26, 2026
Hemnet’s board is proposing that the dividend for the 2025 financial year be paid in two equal instalments, while keeping the previously communicated total payout unchanged at SEK 1.90 per share. The move, which must be approved by the upcom...
Hemnet Expands Treasury Stake with New Share Buybacks
Mar 23, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing ordinary shares on Nasdaq Stockholm between 16 and 20 March 2026 through Carnegie Investment Bank acting as its agent. Following these transactions, the company now holds 2,97...
Hemnet taps AI and marketplace veteran Fredrik Strömsten for board seat
Mar 18, 2026
Hemnet’s nomination committee has proposed tech and real estate entrepreneur Fredrik Strömsten as a new director, to be elected at the 8 May 2026 annual general meeting, replacing outgoing board member Rasmus Järborg. Strömste...
Hemnet Expands Treasury Share Holding Through March Buybacks
Mar 16, 2026
Hemnet Group AB has continued to execute on its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 9 and 13 March 2026 through Carnegie Investment Bank acting as its agent. Following these latest transactions...
Hemnet’s February Sales Slide as New ‘Sell First, Pay Later’ Model Shows Early Promise
Mar 13, 2026
Hemnet has reported preliminary figures for February 2026, showing net sales of SEK 87.9 million, down 22 percent year-on-year, as listing activity on its platform weakened. Published listings fell 30 percent to 8,700 and paid listings dropped 41 ...
Hemnet Expands Treasury Stock Through Continued Share Buybacks
Mar 9, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing ordinary shares on Nasdaq Stockholm between 2 and 6 March 2026 through Carnegie Investment Bank acting on its behalf. Following these transactions, the company now holds 2,772...
Hemnet Corrects Historical ARPL Figures After Data Error
Mar 9, 2026
Hemnet Group AB has corrected previously published restated historical figures for its alternative performance measure ARPL, or average revenue per paid listing, after discovering inaccuracies in a January 29, 2026 press release. The revised ARPL ...
Hemnet Expands Treasury Stock with Continued Share Buybacks
Mar 2, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 23 and 27 February 2026 through Carnegie Investment Bank acting as its agent. Following these transactions, the company hol...
Hemnet Increases Treasury Holding Through Ongoing Share Buybacks
Feb 23, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 16 and 20 February 2026 through Carnegie Investment Bank acting as its agent. Following these transactions, the company now...
Hemnet sets 3 June 2026 for investor-focused Capital Markets Day
Feb 20, 2026
Hemnet Group AB, the Nasdaq Stockholm-listed operator of Sweden’s leading property platform, connects home buyers, sellers and agents through a portfolio of digital products, market insights and housing inspiration. Originating as an industr...
Hemnet Increases Treasury Stock Through Continued Share Buybacks
Feb 16, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing ordinary shares on Nasdaq Stockholm between 9 and 13 February 2026 through Carnegie Investment Bank acting as its agent. Following these transactions, the company now holds 2,...
Hemnet lifts treasury stake with continued share buybacks on Nasdaq Stockholm
Feb 9, 2026
Hemnet Group AB continued its share buyback programme between 2 and 6 February 2026, repurchasing ordinary shares on Nasdaq Stockholm through Carnegie Investment Bank acting as its agent. The transactions, carried out at prices mostly in the mid-1...
Hemnet Increases Treasury Stock Through Late-January Share Buybacks
Feb 2, 2026
Hemnet Group AB has continued its share buyback programme, repurchasing its own ordinary shares on Nasdaq Stockholm between 26 and 30 January 2026 through Carnegie Investment Bank acting on its behalf. Following these transactions, the company hol...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.