Added to YB: 2026-10-06
Pitch date: 2026-09-30
HEM.ST [bullish]
Hemnet Group AB (publ)
+7.41%
current return
Author Info
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Company Info
Hemnet Group AB (publ) operates a residential property platform in Sweden. The company connects property buyers, sellers, and real estate agents in one platform.
Market Cap
SEK 6.4B
Pitch Price
SEK 67.50
Price Target
N/A
Dividend
2.70%
EV/EBITDA
12.01
P/E
16.70
EV/Sales
5.29
Sector
Interactive Media and Services
Category
turnaround
Sweden’s Hemnet goes nuclear
HEM.ST (added to position): Hemnet is reversing course by restoring free property listings while cutting nearly 40% of staff, capping agent kickbacks and targeting SEK 80-85m of annual savings. The strategy challenges free competition; Hemnet retains an entrenched network, elite margins and resilient pricing power, but execution risk rises with fewer employees and the short term is likely to remain rocky. With shares down nearly 40% and below the low end of intrinsic value, the position will be increased up to 10%.
Read full article (3 min)