Hemnet Group AB (publ)

BATS-CHIXE:HEMS Stock Report

Market Cap: SEK 35.9b

Hemnet Group Valuation

Is HEMS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HEMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 335.68
Fair Value
18.6% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: HEMS (SEK398) is trading above our estimate of fair value (SEK335.68)

Significantly Below Fair Value: HEMS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HEMS?

Key metric: As HEMS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HEMS. This is calculated by dividing HEMS's market cap by their current earnings.
What is HEMS's PE Ratio?
PE Ratio74.6x
EarningsSEK 481.40m
Market CapSEK 35.92b

Price to Earnings Ratio vs Peers

How does HEMS's PE Ratio compare to its peers?

The above table shows the PE ratio for HEMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.4x
BCG Baltic Classifieds Group
51.5x20.4%UK£1.7b
TRST Trustpilot Group
101.9x-0.1%UK£1.4b
RMV Rightmove
26.5x7.6%UK£5.2b
MONY MONY Group
13.6x8.6%UK£1.0b
HEMS Hemnet Group
78.7x23.2%SEK 35.9b

Price-To-Earnings vs Peers: HEMS is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the peer average (48.4x).

Price to Earnings Ratio vs Industry

How does HEMS's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEMS is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the European Interactive Media and Services industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is HEMS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HEMS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio74.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HEMS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HEMS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 398.00
SEK 413.94
+4.0%
5.0%SEK 450.00SEK 384.00n/a9
Jan ’26n/a
SEK 408.19
0%
5.0%SEK 430.00SEK 372.00n/a9
Dec ’25n/a
SEK 410.97
0%
5.7%SEK 445.00SEK 372.00n/a9
Nov ’25SEK 344.60
SEK 413.30
+19.9%
5.4%SEK 445.00SEK 372.00n/a9
Oct ’25n/a
SEK 432.04
0%
4.6%SEK 458.40SEK 400.00n/a9
Sep ’25n/a
SEK 432.04
0%
4.6%SEK 458.40SEK 400.00n/a9
Aug ’25n/a
SEK 432.04
0%
4.6%SEK 458.40SEK 400.00n/a9
Jul ’25n/a
SEK 351.40
0%
10.7%SEK 420.00SEK 275.00n/a9
Jun ’25n/a
SEK 350.00
0%
11.3%SEK 420.00SEK 275.00n/a8
May ’25n/a
SEK 349.13
0%
12.3%SEK 420.00SEK 260.00n/a8
Apr ’25n/a
SEK 315.29
0%
12.6%SEK 385.00SEK 260.00n/a7
Mar ’25n/a
SEK 281.71
0%
21.5%SEK 349.00SEK 150.00n/a7
Feb ’25n/a
SEK 243.43
0%
19.9%SEK 320.00SEK 150.00n/a7
Jan ’25n/a
SEK 211.86
0%
14.9%SEK 250.00SEK 150.00n/a7
Dec ’24n/a
SEK 203.00
0%
14.6%SEK 250.00SEK 150.00n/a7
Nov ’24n/a
SEK 197.14
0%
12.1%SEK 230.00SEK 150.00SEK 344.607
Oct ’24SEK 190.30
SEK 181.86
-4.4%
10.9%SEK 220.00SEK 150.00n/a7
Sep ’24n/a
SEK 176.33
0%
6.7%SEK 190.00SEK 155.00n/a6
Aug ’24n/a
SEK 170.33
0%
7.3%SEK 190.00SEK 155.00n/a6
Jul ’24SEK 188.30
SEK 168.33
-10.6%
7.1%SEK 190.00SEK 155.00n/a6
Jun ’24SEK 181.80
SEK 168.33
-7.4%
7.1%SEK 190.00SEK 155.00n/a6
May ’24SEK 164.40
SEK 167.00
+1.6%
7.7%SEK 190.00SEK 150.00n/a6
Apr ’24SEK 174.10
SEK 165.00
-5.2%
8.2%SEK 190.00SEK 150.00n/a6
Mar ’24SEK 167.20
SEK 166.00
-0.7%
8.5%SEK 190.00SEK 150.00n/a6
Feb ’24SEK 142.70
SEK 162.67
+14.0%
9.5%SEK 190.00SEK 140.00n/a6
Analyst Price Target
Consensus Narrative from 9 Analysts
SEK 415.41
Fair Value
4.2% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/04 19:48
End of Day Share Price 2025/01/23 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hemnet Group AB (publ) is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Fernando Cordero BarreiraBanco Santander
Andrew RossBarclays