Professional
Added to YB: 2026-04-17
Pitch date: 2026-04-15
HEM.ST [neutral]
Hemnet Group AB (publ)
-27.48%
current return
Author Info
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 7.4B
Pitch Price
SEK 112.25
Price Target
N/A
Dividend
2.35%
EV/EBITDA
11.79
P/E
16.40
EV/Sales
5.51
Sector
Interactive Media and Services
Category
turnaround
Bristlemoon Capital Portfolio Holding: Hemnet Group AB (publ)
HEM.ST (holding update): Down -75% from Feb '25 peak on multiple compression (50x to 18x P/E, -2 SD from avg) + earnings cuts from weak Swedish housing market & competition. SFPL rollout showing traction: Stockholm listings -5% YoY vs -22% overall, share jumped 78% to 95%. Apr '26 listings +67% WoW, -1.8% YoY vs -40% prior week. Projecting >40% IRR over 3yrs from current levels.
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