Hemnet Group Valuation

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

HEMS (SEK344.6) is trading above our estimate of [[fair value]] (SEK332.12)

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

Valuation Score

1/6

Valuation Score 1/6

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.

Below Fair Value: HEMS (SEK344.6) is trading above our estimate of fair value (SEK332.12)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for HEMS. This is calculated by dividing HEMS's market cap by their current preferred multiple.
What is HEMS's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 32.95b

HEMS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	25.6x
Enterprise Value/EBITDA	50.1x
PEG Ratio	2.9x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	43.1x
BCG Baltic Classifieds Group	56.6x	19.8%	UK£1.5b
RMV Rightmove	23.7x	7.5%	UK£4.7b
TRST Trustpilot Group	78.5x	-2.1%	UK£1.1b
MONY MONY Group	13.4x	9.6%	UK£1.0b
HEMS Hemnet Group	72.3x	24.7%	SEK 32.9b

Price-To-Earnings vs Peers: HEMS is expensive based on its Price-To-Earnings Ratio (72.3x) compared to the peer average (43.1x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: HEMS is expensive based on its Price-To-Earnings Ratio (72.3x) compared to the European Interactive Media and Services industry average (14.5x).

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 Ratio	72.3x
Fair PE Ratio	n/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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 344.60	SEK 413.30 +19.9%	5.4%	SEK 445.00	SEK 372.00	n/a	9
Oct ’25	n/a	SEK 432.04 0%	4.6%	SEK 458.40	SEK 400.00	n/a	9
Sep ’25	n/a	SEK 432.04 0%	4.6%	SEK 458.40	SEK 400.00	n/a	9
Aug ’25	n/a	SEK 432.04 0%	4.6%	SEK 458.40	SEK 400.00	n/a	9
Jul ’25	n/a	SEK 351.40 0%	10.7%	SEK 420.00	SEK 275.00	n/a	9
Jun ’25	n/a	SEK 350.00 0%	11.3%	SEK 420.00	SEK 275.00	n/a	8
May ’25	n/a	SEK 349.13 0%	12.3%	SEK 420.00	SEK 260.00	n/a	8
Apr ’25	n/a	SEK 315.29 0%	12.6%	SEK 385.00	SEK 260.00	n/a	7
Mar ’25	n/a	SEK 281.71 0%	21.5%	SEK 349.00	SEK 150.00	n/a	7
Feb ’25	n/a	SEK 243.43 0%	19.9%	SEK 320.00	SEK 150.00	n/a	7
Jan ’25	n/a	SEK 211.86 0%	14.9%	SEK 250.00	SEK 150.00	n/a	7
Dec ’24	n/a	SEK 203.00 0%	14.6%	SEK 250.00	SEK 150.00	n/a	7
Nov ’24	n/a	SEK 197.14 0%	12.1%	SEK 230.00	SEK 150.00	SEK 344.60	7
Oct ’24	SEK 190.30	SEK 181.86 -4.4%	10.9%	SEK 220.00	SEK 150.00	n/a	7
Sep ’24	n/a	SEK 176.33 0%	6.7%	SEK 190.00	SEK 155.00	n/a	6
Aug ’24	n/a	SEK 170.33 0%	7.3%	SEK 190.00	SEK 155.00	n/a	6
Jul ’24	SEK 188.30	SEK 168.33 -10.6%	7.1%	SEK 190.00	SEK 155.00	n/a	6
Jun ’24	SEK 181.80	SEK 168.33 -7.4%	7.1%	SEK 190.00	SEK 155.00	n/a	6
May ’24	SEK 164.40	SEK 167.00 +1.6%	7.7%	SEK 190.00	SEK 150.00	n/a	6
Apr ’24	SEK 174.10	SEK 165.00 -5.2%	8.2%	SEK 190.00	SEK 150.00	n/a	6
Mar ’24	SEK 167.20	SEK 166.00 -0.7%	8.5%	SEK 190.00	SEK 150.00	n/a	6
Feb ’24	SEK 142.70	SEK 162.67 +14.0%	9.5%	SEK 190.00	SEK 140.00	n/a	6
Jan ’24	SEK 128.40	SEK 157.83 +22.9%	12.3%	SEK 190.00	SEK 130.00	n/a	6
Dec ’23	SEK 134.30	SEK 159.00 +18.4%	11.9%	SEK 190.00	SEK 130.00	n/a	6
Nov ’23	SEK 137.40	SEK 159.00 +15.7%	11.9%	SEK 190.00	SEK 130.00	n/a	6

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.