Professional
Added to YB: 2025-06-23
Pitch date: 2025-03-31
HEM.ST [neutral]
Hemnet Group AB (publ)
-68.57%
current return
Author Info
No bio for this author
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 11.0B
Pitch Price
SEK 334.08
Price Target
N/A
Dividend
1.60%
EV/EBITDA
15.00
P/E
21.64
EV/Sales
7.54
Sector
Interactive Media and Services
Category
growth
Bristlemoon Global Fund Portfolio Holding: Hemnet Group AB
HEM.ST (holding update): Swedish property portal with 90% market share. Strong upgrade activity after agent comp changes, with 75-80% now choosing Premium listing tier. New 'Max' tier launching April 2025 at 3.3x Basic price. 50%+ ARPL growth expected in FY25. Take rate can reach 40bps within 5 years. 52% EBITDA margins can exceed 60%. 44x FY25 P/E for 30%+ EPS CAGR.
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