Hemnet Group AB (publ)

OM:HEM Stock Report

Market Cap: SEK 37.1b

Hemnet Group Valuation

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

Below Fair Value: HEM (SEK390) is trading above our estimate of fair value (SEK388.59)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HEM 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/Revenue31.2x
Enterprise Value/EBITDA61.1x
PEG Ratio3.5x

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 Average36.4x
BETCO Better Collective
44.8x45.5%SEK 14.5b
MOBA M.O.B.A. Network
30.5xn/aSEK 235.9m
PDX Paradox Interactive
46.1x39.7%SEK 14.8b
2371 Kakaku.com
24.2x8.9%JP¥467.2b
HEM Hemnet Group
89.7x25.4%SEK 37.4b

Price-To-Earnings vs Peers: HEM is expensive based on its Price-To-Earnings Ratio (89.7x) compared to the peer average (36.4x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a44.9%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a44.9%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HEM is expensive based on its Price-To-Earnings Ratio (89.7x) compared to the European Interactive Media and Services industry average (19.8x).

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 Ratio89x
Fair PE Ratio32.2x

Price-To-Earnings vs Fair Ratio: HEM is expensive based on its Price-To-Earnings Ratio (89.7x) compared to the estimated Fair Price-To-Earnings Ratio (32.2x).

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 390.00
SEK 432.04
+10.8%
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 150.00n/a7
Nov ’24SEK 197.10
SEK 197.14
+0.02%
12.1%SEK 230.00SEK 150.00n/a7
Oct ’24SEK 192.90
SEK 181.86
-5.7%
10.9%SEK 220.00SEK 150.00n/a7
Sep ’24SEK 196.00
SEK 176.33
-10.0%
6.7%SEK 190.00SEK 155.00n/a6
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
Nov ’23SEK 139.80
SEK 159.00
+13.7%
11.9%SEK 190.00SEK 130.00SEK 197.106
Oct ’23SEK 141.50
SEK 167.50
+18.4%
11.6%SEK 190.00SEK 130.00SEK 192.906
Sep ’23SEK 139.60
SEK 169.50
+21.4%
11.4%SEK 190.00SEK 130.00SEK 196.006
Aug ’23SEK 158.00
SEK 168.50
+6.6%
11.2%SEK 190.00SEK 130.00SEK 190.006

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

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