HEM Stock Analysis: Hemnet | ST
Internet Content & Information | ST, Sweden | Market Cap: 6.073m SEK | 12M Return: -69.2% | SE0015671995 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.5M
EPS Trend: 70.3%
Qual. Beats: 0
Rev. Trend: 82.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.4 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.
The business runs on a digital marketplace model, generating revenue primarily through subscription and listing fees paid by real estate agents and brokers who use the platform to advertise properties. Within the GICS classification framework, Hemnet is categorized under Communication Services, specifically the Interactive Media & Services sub-industry, reflecting its platform-based revenue structure rather than a traditional real estate brokerage operation.
- Swedish housing transaction volumes decline amid elevated interest rates
- Real estate agent subscription growth drives recurring revenue expansion
- Competition from Booli and other portals pressures listing pricing
| Net Income: 394.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.22 > 0.02 and ΔFCF/TA -4.81 > 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 October 13, 2026, the stock is trading at SEK 67.95 with a total of 273,949 shares traded. Over the past week, the price has changed by +0.89%, over one month by -8.73%, over three months by -16.06% and over the past year by -69.16%.
Current recommended Stop Loss: 62.10 (which is 8.6% or 1.5 ATR below the current price).
Hemnet has no consensus analysts rating.
P/E Trailing = 16.1283
P/E Forward = 12.0773
P/S = 4.5533
P/B = 7.2024
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 = 6.78b SEK (6.07b + Debt 879.6m - CCE 173.8m)
Interest Coverage Ratio = 27.59 (Ebit TTM 515.9m / Interest Expense TTM 18.7m)
EV/FCF = 14.62x (Enterprise Value 6.78b / FCF TTM 463.8m)
FCF Yield = 6.84% (FCF TTM 463.8m / Enterprise Value 6.78b)
FCF Margin = 34.78% (FCF TTM 463.8m / 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 = 3.21 (Enterprise Value 6.78b / 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 = 1.52 (Net Debt 705.8m / FCF TTM 463.8m)
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 = 5.36% (E(6.07b)/V(6.95b) * Re(5.89%) + D(879.6m)/V(6.95b) * Rd(2.13%) * (1-Tc(0.21)))
Discount Rate = 5.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.76 | Cagr: -2.32%
[DCF] Terminal Value 73.10% ; FCFF base≈518.1m ; Y1≈454.4m ; Y5≈367.1m
[DCF] Fair Price = 61.47 (EV 5.89b - Net Debt 705.8m = Equity 5.19b / Shares 84.4m; 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=1.01 | Chg30d=-29.83% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=4.01 | Chg30d=-10.44% | Revisions=-62% | GrowthEPS=-26.8% | GrowthRev=-16.1%
EPS next Year (2027-12-31): EPS=5.87 | Chg30d=-10.80% | Revisions=-67% | GrowthEPS=+46.3% | GrowthRev=+19.7%
[Analyst] Revisions Ratio: -80% (up=0, down=12)