Added to YB: 2025-09-23
Pitch date: 2025-09-19
HEM.ST [bullish]
Hemnet Group AB (publ)
-52.35%
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 15.5B
Pitch Price
SEK 246.80
Price Target
N/A
Dividend
1.03%
EV/EBITDA
20.52
P/E
29.14
EV/Sales
10.29
Sector
Interactive Media and Services
Category
growth
Hemnet Buybacks Signal Confidence as Monopoly Platform Grows
HEM.ST: Swedish real estate monopoly w/ 90% market share, 2-sided network moat. ARPL +35% YoY despite 20-yr low housing volumes, 54% EBITDA margins from upsell tiers. Revenue +39% in down market shows pricing power. 28x EV/EBITDA but resilient at cycle bottom. Risks: regulation, worse housing, competition.
Read full article (2 min)