Hemnet Group AB (publ)

OM:HEM Stock Report

Market Cap: SEK 32.0b

Hemnet Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 HEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HEM (SEK331.4) is trading below our estimate of fair value (SEK352.06)

Significantly Below Fair Value: HEM is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HEM. This is calculated by dividing HEM's market cap by their current earnings.
What is HEM's PE Ratio?
PE Ratio69.5x
EarningsSEK 455.80m
Market CapSEK 32.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
BETCO Better Collective
23.1x41.8%SEK 7.0b
READ Readly International
6.2xn/aSEK 549.6m
PDX Paradox Interactive
59x41.5%SEK 22.0b
MOBA M.O.B.A. Network
10.5xn/aSEK 166.7m
HEM Hemnet Group
69.5x24.7%SEK 31.7b

Price-To-Earnings vs Peers: HEM is expensive based on its Price-To-Earnings Ratio (69.5x) compared to the peer average (24.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
HEM 69.5xIndustry Avg. 14.2xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEM is expensive based on its Price-To-Earnings Ratio (69.5x) compared to the European Interactive Media and Services industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is HEM'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.

HEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio69.5x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: HEM is expensive based on its Price-To-Earnings Ratio (69.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

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 HEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 331.40
SEK 408.19
+23.2%
5.0%SEK 430.00SEK 372.00n/a9
Dec ’25SEK 327.00
SEK 410.97
+25.7%
5.7%SEK 445.00SEK 372.00n/a9
Nov ’25SEK 326.80
SEK 413.30
+26.5%
5.4%SEK 445.00SEK 372.00n/a9
Oct ’25SEK 368.00
SEK 432.04
+17.4%
4.6%SEK 458.40SEK 400.00n/a9
Sep ’25SEK 376.00
SEK 432.04
+14.9%
4.6%SEK 458.40SEK 400.00n/a9
Aug ’25SEK 392.60
SEK 432.04
+10.0%
4.6%SEK 458.40SEK 400.00n/a9
Jul ’25SEK 327.00
SEK 351.40
+7.5%
10.7%SEK 420.00SEK 275.00n/a9
Jun ’25SEK 289.20
SEK 350.00
+21.0%
11.3%SEK 420.00SEK 275.00n/a8
May ’25SEK 289.00
SEK 349.13
+20.8%
12.3%SEK 420.00SEK 260.00n/a8
Apr ’25SEK 327.80
SEK 315.29
-3.8%
12.6%SEK 385.00SEK 260.00n/a7
Mar ’25SEK 327.80
SEK 281.71
-14.1%
21.5%SEK 349.00SEK 150.00n/a7
Feb ’25SEK 293.00
SEK 243.43
-16.9%
19.9%SEK 320.00SEK 150.00n/a7
Jan ’25SEK 241.40
SEK 211.86
-12.2%
14.9%SEK 250.00SEK 150.00n/a7
Dec ’24SEK 240.40
SEK 203.00
-15.6%
14.6%SEK 250.00SEK 150.00SEK 327.007
Nov ’24SEK 197.10
SEK 197.14
+0.02%
12.1%SEK 230.00SEK 150.00SEK 326.807
Oct ’24SEK 192.90
SEK 181.86
-5.7%
10.9%SEK 220.00SEK 150.00SEK 368.007
Sep ’24SEK 196.00
SEK 176.33
-10.0%
6.7%SEK 190.00SEK 155.00SEK 376.006
Aug ’24SEK 190.00
SEK 170.33
-10.4%
7.3%SEK 190.00SEK 155.00SEK 392.606
Jul ’24SEK 188.80
SEK 168.33
-10.8%
7.1%SEK 190.00SEK 155.00SEK 327.006
Jun ’24SEK 185.60
SEK 168.33
-9.3%
7.1%SEK 190.00SEK 155.00SEK 289.206
May ’24SEK 168.00
SEK 167.00
-0.6%
7.7%SEK 190.00SEK 150.00SEK 289.006
Apr ’24SEK 174.60
SEK 165.00
-5.5%
8.2%SEK 190.00SEK 150.00SEK 327.806
Mar ’24SEK 166.10
SEK 166.00
-0.06%
8.5%SEK 190.00SEK 150.00SEK 327.806
Feb ’24SEK 142.30
SEK 162.67
+14.3%
9.5%SEK 190.00SEK 140.00SEK 293.006
Jan ’24SEK 125.60
SEK 157.83
+25.7%
12.3%SEK 190.00SEK 130.00SEK 241.406
Dec ’23SEK 135.50
SEK 159.00
+17.3%
11.9%SEK 190.00SEK 130.00SEK 240.406

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 18:45
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fernando Cordero BarreiraBanco Santander
Andrew RossBarclays
William PackerBNP Paribas Exane