HEM Stock Analysis: Hemnet | ST
Internet Content & Information | ST, Sweden | Market Cap: 6.818m SEK | 12M Return: -68.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 49.8M
EPS Trend: 90.4%
Qual. Beats: -1
Rev. Trend: 93.6%
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: 466.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.26 > 0.02 and ΔFCF/TA -0.72 > 1.0 |
| NWC/Revenue: 4.21% < 20% (prev 0.91%; Δ 3.29% < -1%) |
| CFO/TA 0.26 > 3% & CFO 543.3m > Net Income 466.0m |
| Net Debt (632.2m) to EBITDA (699.3m): 0.90 < 3 |
| Current Ratio: 1.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (93.1m) vs 12m ago -2.70% < -2% |
| Gross Margin: 70.41% > 18% (prev 93.75%; Δ -23.34% > 0.5%) |
| Asset Turnover: 67.74% > 50% (prev 67.34%; Δ 0.40% > 0%) |
| Interest Coverage Ratio: 36.18 > 6 (EBIT TTM 604.2m / Interest Expense TTM 16.7m) |
| A: 0.03 (Total Current Assets 284.5m - Total Current Liabilities 223.7m) / Total Assets 2.09b |
| B: -0.16 (Retained Earnings -342.1m / Total Assets 2.09b) |
| C: 0.28 (EBIT TTM 604.2m / Avg Total Assets 2.13b) |
| D: 0.86 (Book Value of Equity 965.5m / Total Liabilities 1.12b) |
| Altman-Z'' = 2.46 = A |
| DSRI: 1.47 (Receivables 50.7m/35.1m, Revenue 1.45b/1.47b) |
| GMI: 1.33 (GM 93.75% / 70.41%) |
| AQI: 1.01 (AQ_t 0.85 / AQ_t-1 0.84) |
| SGI: 0.98 (Revenue 1.45b / 1.47b) |
| TATA: -0.04 (NI 466.0m - CFO 543.3m) / TA 2.09b) |
| Beneish M = -2.35 (Cap -4..+1) = BBB |
As of July 05, 2026, the stock is trading at SEK 87.90 with a total of 1,070,060 shares traded. Over the past week, the price has changed by +25.21%, over one month by -1.95%, over three months by -18.38% and over the past year by -68.14%.
Current recommended Stop Loss: 80.90 (which is 8% or 1.3 ATR below the current price).
Hemnet has no consensus analysts rating.
P/E Trailing = 15.2337
P/E Forward = 13.1926
P/S = 4.717
P/B = 6.9349
Revenue TTM = 1.45b SEK
EBIT TTM = 604.2m SEK
EBITDA TTM = 699.3m SEK
Long Term Debt = 706.8m SEK (from longTermDebt, last quarter)
Short Term Debt = 9.60m SEK (from shortTermDebt, last quarter)
Debt = 746.0m SEK (from shortLongTermDebtTotal, last quarter) + Leases 19.6m
Net Debt = 632.2m SEK (calculated: Debt 746.0m - CCE 113.8m)
Enterprise Value = 7.45b SEK (6.82b + Debt 746.0m - CCE 113.8m)
Interest Coverage Ratio = 36.18 (Ebit TTM 604.2m / Interest Expense TTM 16.7m)
EV/FCF = 14.01x (Enterprise Value 7.45b / FCF TTM 531.8m)
FCF Yield = 7.14% (FCF TTM 531.8m / Enterprise Value 7.45b)
FCF Margin = 36.79% (FCF TTM 531.8m / Revenue TTM 1.45b)
Net Margin = 32.24% (Net Income TTM 466.0m / Revenue TTM 1.45b)
Gross Margin = 70.41% ((Revenue TTM 1.45b - Cost of Revenue TTM 427.7m) / Revenue TTM)
Gross Margin QoQ = none% (prev 3.76%)
Tobins Q-Ratio = 3.57 (Enterprise Value 7.45b / Total Assets 2.09b)
Interest Expense / Debt = 2.24% (Interest Expense 16.7m / Debt 746.0m)
Taxrate = 20.68% (121.5m / 587.5m)
NOPAT = 479.2m (EBIT 604.2m * (1 - 20.68%))
Current Ratio = 1.27 (Total Current Assets 284.5m / Total Current Liabilities 223.7m)
Debt / Equity = 0.77 (Debt 746.0m / totalStockholderEquity, last quarter 965.5m)
Debt / EBITDA = 0.90 (Net Debt 632.2m / EBITDA 699.3m)
Debt / FCF = 1.19 (Net Debt 632.2m / FCF TTM 531.8m)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 21.84% (Net Income 466.0m / Total Assets 2.09b)
RoE = 43.23% (Net Income TTM 466.0m / Total Stockholder Equity 1.08b)
RoCE = 33.85% (EBIT 604.2m / Capital Employed (Equity 1.08b + L.T.Debt 706.8m))
RoIC = 26.64% (NOPAT 479.2m / Invested Capital 1.80b)
WACC = 6.20% (E(6.82b)/V(7.56b) * Re(6.68%) + D(746.0m)/V(7.56b) * Rd(2.24%) * (1-Tc(0.21)))
Discount Rate = 6.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -1.79%
[DCF] Terminal Value 74.43% ; FCFF base≈548.0m ; Y1≈517.7m ; Y5≈485.4m
[DCF] Fair Price = 81.70 (EV 7.65b - Net Debt 632.2m = Equity 7.02b / Shares 85.9m; r=8.35% [WACC [floored]]; 5y FCF grow -7.06% → 2.50% )
EPS Correlation: 90.40 | EPS CAGR: 29.11% | SUE: -1.37 | # QB: -1
Revenue Correlation: 93.64 | Revenue CAGR: 23.71% | SUE: -0.48 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.52 | Chg30d=-4.17% | Revisions=-50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.56 | Chg30d=-3.53% | Revisions=-17% | Analysts=4
EPS current Year (2026-12-31): EPS=5.34 | Chg30d=-0.65% | Revisions=-50% | GrowthEPS=-2.6% | GrowthRev=-2.3%
EPS next Year (2027-12-31): EPS=7.30 | Chg30d=-3.49% | Revisions=-50% | GrowthEPS=+36.8% | GrowthRev=+21.4%
[Analyst] Revisions Ratio: -58% (up=5, down=23)