Top Page
Hemnet Group AB
(HEM)
Hemnet Group AB (HEM) vs. iShares MSCI Sweden ETF (EWD)
Hemnet Group AB Business Overview & Revenue Model
Hemnet Group AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.53B | 1.39B | 1.00B | 889.20M | 728.10M |
| Gross Profit | 674.10M | 1.41B | 848.10M | 899.20M | 732.70M |
| EBITDA | 767.50M | 723.20M | 521.10M | 442.40M | 296.40M |
| Net Income | 520.60M | 338.70M | 338.70M | 293.80M | 156.50M |
Balance Sheet | |||||
| Total Assets | 2.10B | 2.19B | 2.16B | 2.09B | 2.13B |
| Cash, Cash Equivalents and Short-Term Investments | 103.30M | 111.70M | 102.60M | 100.40M | 94.50M |
| Total Debt | 619.70M | 503.60M | 540.70M | 328.50M | 283.10M |
| Total Liabilities | 1.03B | 945.20M | 896.40M | 661.90M | 616.60M |
| Stockholders Equity | 1.07B | 1.25B | 1.26B | 1.43B | 1.52B |
Cash Flow | |||||
| Free Cash Flow | 595.90M | 543.40M | 357.10M | 340.50M | 228.00M |
| Operating Cash Flow | 598.10M | 566.90M | 395.90M | 356.00M | 235.00M |
| Investing Cash Flow | -25.70M | -23.50M | -38.80M | -15.50M | 17.70M |
| Financing Cash Flow | -580.80M | -534.30M | -354.90M | -334.60M | -405.30M |
Hemnet Group AB Technical Analysis
Hemnet Group AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr12.12B | 55.69 | 21.88% | 0.87% | 5.69% | 4.82% | |
69 Neutral | kr426.81M | 6.17 | 14.76% | ― | -0.21% | 33.33% | |
65 Neutral | kr9.83B | 31.29 | 46.90% | 0.99% | 18.18% | 19.59% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr397.73M | 385.19 | 0.26% | ― | 6.67% | -7.93% | |
52 Neutral | kr1.29B | -0.52 | -50.59% | ― | -21.66% | ― | |
52 Neutral | kr4.80B | -55.48 | -3.84% | ― | 26.82% | 76.68% |
Hemnet Group AB Corporate Events
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. Strömsten brings senior experience from AI firm Sana Labs, real estate marketplace Qasa and activist investor Cevian Capital, adding product, AI and capital markets expertise that is expected to strengthen Hemnet’s strategic capabilities in digital marketplaces.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK128.00 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 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, the company holds 2,872,718 of its own shares out of a total 95,565,564 shares outstanding.
The increased treasury share holding marginally reduces Hemnet’s free float and may enhance earnings per share over time, signalling management’s confidence in the company’s valuation and long-term prospects. The ongoing buybacks also provide additional flexibility for future capital allocation, including potential use of treasury shares for employee incentive plans or other corporate purposes.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK175.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.
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 percent to 7,400, underscoring a softer housing market and the impact of the company’s transition to a new pricing model.
Despite the decline in headline sales and volumes, Hemnet highlighted early promising results from its new ‘Sell First, Pay Later’ model launched in Stockholm County on 2 February. Listings growth in Stockholm outperformed the rest of Sweden by more than 20 percentage points, with around half of eligible sellers choosing the new option and initial sell-through rates just below 20 percent, suggesting the model is encouraging more listings without hurting listing quality.
The company has already expanded ‘Sell First, Pay Later’ to Västra Götaland County in March and plans a nationwide rollout by the end of the month. Hemnet will continue providing monthly net sales updates alongside its regular quarterly reports in 2026, aiming to give investors and market participants greater visibility into the operational impact of the new model and evolving housing market conditions.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK134.00 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 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 2,772,718 of its own ordinary shares out of a total 95,565,564 shares outstanding.
The ongoing buybacks marginally reduce Hemnet’s free float and can be interpreted as a signal of management’s confidence in the company’s valuation and long-term prospects. The increased treasury share position also provides Hemnet with additional flexibility for future capital allocation, including potential use in incentive programmes or corporate transactions, which may affect existing shareholders over time.
The most recent analyst rating on (SE:HEM) stock is a Buy with a SEK235.00 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 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 metrics, covering quarterly and rolling twelve-month data from late 2023 through 2025, are now being communicated to ensure more accurate tracking of revenue performance per listing.
The company stated that the erroneous figures also affected graphs in its 2025 year-end presentation, which will be replaced with an updated version on Hemnet’s website. By promptly revising these non-IFRS performance indicators, Hemnet aims to preserve transparency for investors and other stakeholders who rely on ARPL trends to assess monetisation efficiency and the health of the platform’s listing-based revenue model.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK123.00 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 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 holds 2,647,718 of its own shares out of a total 95,565,564 outstanding, modestly increasing its treasury stock position.
The latest repurchases underscore Hemnet’s ongoing capital allocation strategy aimed at returning value to shareholders and potentially supporting its share price. By reducing the free float slightly and building its treasury share holding, the company retains flexibility for future uses such as incentive plans or other corporate purposes, while signaling confidence in its long-term prospects to investors.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK126.00 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 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 holds 2,537,718 of its own shares out of a total 95,565,564 shares outstanding, modestly increasing its treasury position.
The latest round of buybacks signals ongoing capital management efforts that can support earnings per share and provide flexibility for future use of treasury shares. For investors, the move underlines management’s willingness to return capital and may be interpreted as a sign of confidence in Hemnet’s valuation and long‑term prospects, although the overall impact on ownership structure remains limited given the small proportion of repurchased shares.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK127.00 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, 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 industry initiative in 1998, it now acts as an independent focal point in the housing market, aiming to streamline property transactions and enhance transparency for its users.
The company has scheduled a Capital Markets Day for 3 June 2026 in Stockholm, hosted by CEO Jonas Gustafsson and the group management team and accessible both on-site and via livestream. A detailed agenda and registration information will follow, signalling Hemnet’s intention to deepen engagement with institutional investors, analysts and media as it outlines its strategic direction and market priorities.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK131.00 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 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 2,437,718 of its own shares out of a total 95,565,564 shares outstanding, marginally increasing its treasury stock position.
The incremental buybacks signal ongoing capital management efforts that can support earnings per share and offer flexibility for future uses such as employee incentive programmes or potential cancellations. For shareholders, the continued repurchases may be interpreted as a sign of confidence from the board in Hemnet’s financial position and long-term prospects, although the overall impact on the free float and ownership structure remains limited at this stage.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK138.00 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 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-130 to low-140 SEK range, raised Hemnet’s treasury shareholding to 2,337,718 out of a total 95,565,564 shares, modestly increasing the proportion of capital held in treasury and signalling ongoing capital return to shareholders.
The expanded treasury position may enhance Hemnet’s financial flexibility for future capital allocation decisions, including potential use of the shares for incentive plans or balance-sheet optimisation. For investors, the continued buybacks underline management’s willingness to deploy surplus cash into the stock, which can support earnings per share over time by reducing the effective free float if the programme is sustained.
The most recent analyst rating on (SE:HEM) stock is a Sell with a SEK140.00 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 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 holds 2,252,718 treasury shares out of a total 95,565,564 shares outstanding, a move that marginally reduces the free float and can signal management’s confidence in the company’s valuation while potentially enhancing earnings per share for remaining shareholders.
The most recent analyst rating on (SE:HEM) stock is a Hold with a SEK190.00 price target. To see the full list of analyst forecasts on Hemnet Group AB stock, see the SE:HEM Stock Forecast page.
Hemnet reported resilient full-year 2025 results despite a weak housing market, with net sales rising 9.5% to SEK 1.53 billion and EBITDA up 6.6% to SEK 767.5 million, driven by a 28% increase in average revenue per published listing as more sellers upgraded to value-added services. Fourth-quarter figures were softer due to a 26% drop in new listings, but strong ARPL growth partly offset the volume decline, and the board proposed raising the dividend to SEK 1.90 per share, underscoring confidence in cash generation. The company is pushing strategic initiatives to unlock market mobility, including a “sell first, pay later” payment option following a successful pilot, expanded brokerage partnerships across 60 chains, new data tools for agents, and AI-driven platform enhancements, all designed to deepen its role as the engine of Sweden’s property market as regulatory easing and improving sentiment begin to lift demand.
The most recent analyst rating on (SE:HEM) stock is a Buy with a SEK153.00 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 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 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 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 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 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.
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.