Update shared on27 Aug 2025
Fair value Decreased 3.25%Analysts have trimmed Hemnet Group’s price target to SEK335.40, citing sector-wide valuation pressures, limited incremental growth as take-rates have normalized, and expectations for moderated growth ahead despite confidence in Hemnet’s market leadership.
Analyst Commentary
- Analysts point to valuation pressures, leading to multiple price target reductions across the sector.
- Bullish analysts highlight Hemnet’s leading position as Sweden’s top property portal, maintaining confidence in the core business model.
- Bearish analysts express concerns over limited growth potential due to Hemnet’s take-rates now being at par with broader European industry standards.
- Several neutral and hold ratings suggest a balanced outlook where further upside may be capped after recent strong share performance.
- Incremental target cuts from major banks like JPMorgan and Morgan Stanley indicate expectations for moderated growth and possible headwinds in the coming quarters.
What's in the News
- Hemnet Group completed the repurchase of 1,276,528 shares (1.33% of shares) for SEK 449.8 million under the buyback program announced in May 2024.
- The company repurchased an additional 252,500 shares (0.27% of shares) for SEK 74.6 million under a new buyback program announced in May 2025.
Valuation Changes
Summary of Valuation Changes for Hemnet Group
- The Consensus Analyst Price Target has fallen slightly from SEK346.68 to SEK335.40.
- The Future P/E for Hemnet Group has fallen slightly from 35.40x to 34.61x.
- The Discount Rate for Hemnet Group remained effectively unchanged, moving only marginally from 6.10% to 6.08%.
Disclaimer
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