HEM Stock Analysis: Hemnet | ST
Internet Content & Information | ST, Sweden | Market Cap: 7.761m SEK | 12M Return: -69.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.6M
EPS Trend: 70.3%
Qual. Beats: 0
Rev. Trend: 82.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hemnet Group AB (publ) is a Stockholm-headquartered company that operates Swedens leading online residential property platform, connecting buyers, sellers, and real estate agents. Founded in 1998 and listed on the Stockholm Stock Exchange under the ticker HEM, the company is classified within the Communication Services sector (GICS sub-industry: Interactive Media & Services) with a small-cap market capitalization of approximately $704 million USD.
The business model is based on a digital marketplace structure, where real estate agents typically pay listing fees to advertise properties on the platform. Hemnet benefits from a strong network effect, as more listings attract more buyers, which in turn encourages additional agents to advertise on the site. The Swedish residential property market is highly digitized, with online platforms serving as the primary channel for property discovery and transactions.
- Swedish housing transaction volumes drive listing revenue
- BytMig competition pressures agent subscription pricing power
- Riksbank rate cuts boost Swedish home sales and platform traffic
| Net Income: 394.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.22 > 0.02 and ΔFCF/TA -4.50 > 1.0 |
| NWC/Revenue: 6.75% < 20% (prev 3.00%; Δ 3.75% < -1%) |
| CFO/TA 0.23 > 3% & CFO 478.2m > Net Income 394.3m |
| Net Debt (705.8m) to EBITDA (610.8m): 1.16 < 3 |
| Current Ratio: 1.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (91.7m) vs 12m ago -3.69% < -2% |
| Gross Margin: 83.99% > 18% (prev 100.8%; Δ -16.82% > 0.5%) |
| Asset Turnover: 61.31% > 50% (prev 69.13%; Δ -7.82% > 0%) |
| Interest Coverage Ratio: 27.59 > 6 (EBIT TTM 515.9m / Interest Expense TTM 18.7m) |
| A: 0.04 (Total Current Assets 327.0m - Total Current Liabilities 237.0m) / Total Assets 2.11b |
| B: -0.16 (Retained Earnings -342.1m / Total Assets 2.11b) |
| C: 0.24 (EBIT TTM 515.9m / Avg Total Assets 2.18b) |
| D: 0.67 (Book Value of Equity 844.4m / Total Liabilities 1.27b) |
| Altman-Z'' = 2.04 = BBB |
| DSRI: 2.13 (Receivables 75.5m/41.2m, Revenue 1.33b/1.55b) |
| GMI: 1.20 (GM 100.8% / 83.99%) |
| AQI: 1.03 (AQ_t 0.84 / AQ_t-1 0.81) |
| SGI: 0.86 (Revenue 1.33b / 1.55b) |
| TATA: -0.04 (NI 394.3m - CFO 478.2m) / TA 2.11b) |
| Beneish M = -2.00 (Cap -4..+1) = BB |
As of July 28, 2026, the stock is trading at SEK 85.80 with a total of 279,388 shares traded. Over the past week, the price has changed by +0.41%, over one month by +18.10%, over three months by -24.89% and over the past year by -69.77%.
Current recommended Stop Loss: 79.30 (which is 7.6% or 1.3 ATR below the current price).
Hemnet has no consensus analysts rating.
P/E Trailing = 20.2969
P/E Forward = 18.5874
P/S = 5.8094
P/B = 8.8214
Revenue TTM = 1.33b SEK
EBIT TTM = 515.9m SEK
EBITDA TTM = 610.8m SEK
Long Term Debt = 846.8m SEK (from longTermDebt, last quarter)
Short Term Debt = 9.70m SEK (from shortTermDebt, last quarter)
Debt = 879.6m SEK (from shortLongTermDebtTotal, last quarter) + Leases 16.4m
Net Debt = 705.8m SEK (calculated: Debt 879.6m - CCE 173.8m)
Enterprise Value = 8.47b SEK (7.76b + Debt 879.6m - CCE 173.8m)
Interest Coverage Ratio = 27.59 (Ebit TTM 515.9m / Interest Expense TTM 18.7m)
EV/FCF = 18.00x (Enterprise Value 8.47b / FCF TTM 470.3m)
FCF Yield = 5.55% (FCF TTM 470.3m / Enterprise Value 8.47b)
FCF Margin = 35.26% (FCF TTM 470.3m / Revenue TTM 1.33b)
Net Margin = 29.56% (Net Income TTM 394.3m / Revenue TTM 1.33b)
Gross Margin = 83.99% ((Revenue TTM 1.33b - Cost of Revenue TTM 213.5m) / Revenue TTM)
Gross Margin QoQ = 67.02% (prev none%)
Tobins Q-Ratio = 4.01 (Enterprise Value 8.47b / Total Assets 2.11b)
Interest Expense / Debt = 2.13% (Interest Expense 18.7m / Debt 879.6m)
Taxrate = 20.70% (102.9m / 497.2m)
NOPAT = 409.1m (EBIT 515.9m * (1 - 20.70%))
Current Ratio = 1.38 (Total Current Assets 327.0m / Total Current Liabilities 237.0m)
Debt / Equity = 1.04 (Debt 879.6m / totalStockholderEquity, last quarter 844.4m)
Debt / EBITDA = 1.16 (Net Debt 705.8m / EBITDA 610.8m)
Debt / FCF = 1.50 (Net Debt 705.8m / FCF TTM 470.3m)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.12% (Net Income 394.3m / Total Assets 2.11b)
RoE = 39.32% (Net Income TTM 394.3m / Total Stockholder Equity 1.00b)
RoCE = 27.89% (EBIT 515.9m / Capital Employed (Equity 1.00b + L.T.Debt 846.8m))
RoIC = 22.51% (NOPAT 409.1m / Invested Capital 1.82b)
WACC = 6.71% (E(7.76b)/V(8.64b) * Re(7.28%) + D(879.6m)/V(8.64b) * Rd(2.13%) * (1-Tc(0.21)))
Discount Rate = 7.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.76 | Cagr: -2.32%
[DCF] Terminal Value 73.10% ; FCFF base≈522.0m ; Y1≈457.8m ; Y5≈369.9m
[DCF] Fair Price = 60.99 (EV 5.94b - Net Debt 705.8m = Equity 5.23b / Shares 85.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 70.28 | EPS CAGR: 18.30% | SUE: -0.63 | # QB: 0
Revenue Correlation: 82.69 | Revenue CAGR: 17.50% | SUE: -0.11 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.44 | Chg30d=-8.05% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=4.57 | Chg30d=-14.47% | Revisions=-57% | GrowthEPS=-16.7% | GrowthRev=-10.1%
EPS next Year (2027-12-31): EPS=6.69 | Chg30d=-8.45% | Revisions=-38% | GrowthEPS=+46.5% | GrowthRev=+23.4%
[Analyst] Revisions Ratio: -62% (up=1, down=9)