Which companies are Hemnet's closest peers?

The cockpit's peer set: Beijing North Star (0588.HK), RiseSun Real Estate Development (002146.SZ), Shenzhen WorldUnion (002285.SZ), China Union (000036.SZ), Shenzhen SDG Service (300917.SZ), Yanlord Land (Z25.SI), Beijing Huayuan Xinhang (600743.SS), Bassac (BASS.PA).

Is Hemnet expensive compared with its peers?

On forward p/e it trades at 18.6× against a peer median of 11.5×, 5th most expensive of 10 in its peer set.

How has Hemnet stock performed?

Over six months to 6 Nov 2026 the shares returned -30.7% against -17.3% for the median peer; over one year -63.9%.

← CockpitCompetitor Analysis › HEM.ST Hemnet Group ABOpen in the cockpit ↗

Hemnet Group ABHEM.STCompetitor analysis, valuation and peers

Sweden · SEK·Real Estate›Real Estate Development

Momentum laggard 6

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$691M

US dollars, full cap

Free float

78%

of shares outstanding

$/day

$3.20M

20-day average traded

Fwd P/E

18.6×

forward earnings

ROIC−WACC

n/a

WACC 6.6%

Hurdle

n/a

no reverse DCF

Next earnings

83 days

28 Jan 2027

Close · SEKSEK 74.60

1D-2.6%

1W+1.0%

1M+11.0%

3M-21.2%

6M-30.7%

YTD-56.9%

1Y-63.9%

ATR %5.3%

52w lowhigh64.5% off high

What Hemnet does

Employees: 167

Hemnet at a glance

Size Hemnet (HEM.ST) is a Sweden Real Estate company (Real Estate Development) with a market value of $691M, the 157th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 74.60 on 6 Nov 2026.

Performance Over six months the shares fell 30.7%, against -17.3% for the median peer and +8.2% for the Sweden market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue fell 17.8% over the last twelve months (peer median +2.0%); the operating margin is 36.6% (peer median 5.7%).

Valuation It trades at 18.6× forward earnings against a peer median of 11.5× (5th most expensive of 10).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Hemnet against the median of its 20 peers (local-currency closes).

Hemnet financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	SEK 1.27B	SEK 1.53B	SEK 1.39B	SEK 1.00B	SEK 889M
Revenue growth	—	+9%	+39%	+13%	—
Gross profit	SEK 800M	SEK 1.10B	SEK 1.01B	SEK 680M	SEK 567M
EBITDA	SEK 560M	SEK 743M	SEK 703M	SEK 517M	SEK 441M
Net income	SEK 351M	SEK 521M	SEK 481M	SEK 339M	SEK 294M
Free cash flow	SEK 414M	SEK 596M	SEK 565M	SEK 389M	SEK 354M
Capital expenditure	SEK 25.9M	SEK 25.7M	SEK 23.5M	SEK 38.8M	SEK 15.5M
Total debt	SEK 880M	SEK 620M	SEK 504M	SEK 541M	SEK 328M

Quarterly statements and history in the cockpit →

Hemnet competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Hemnet is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hemnet is the large dot.

Hemnet competitors and peer comparison

How Hemnet compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hemnet against its 20 peers (data as of 6 Nov 2026)
Measure	HEM.ST	Peer median	Rank in peer set
1-month return	+11.0%	-10.3%	highest of 21
6-month return	-30.7%	-17.3%	3rd lowest of 21
Distance from 52-week high	-64.5%	-35.2%	2nd lowest of 21
Revenue growth (TTM)	-17.8%	+2.0%	6th lowest of 21
Operating margin	36.6%	5.7%	4th highest of 21
Forward P/E	18.6×	11.5×	5th most expensive of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Hemnet HEM.ST	Sweden	$691M	-31%	-18%	37%	18.6×	n/a	n/a
Beijing North Star 0588.HK	Hong Kong	$691M	-22%	-6%	-16%	n/a	n/a	n/a
RiseSun Real Estate Development 002146.SZ	China	$691M	-21%	-48%	-40%	n/a	n/a	n/a
Shenzhen WorldUnion 002285.SZ	China	$693M	-25%	-22%	-21%	0.9×	n/a	n/a
China Union 000036.SZ	China	$693M	-41%	+80%	23%	47.0×	n/a	n/a
Shenzhen SDG Service 300917.SZ	China	$695M	-19%	+7%	5%	30.1×	n/a	n/a
Yanlord Land Z25.SI	Singapore	$696M	-40%	-55%	8%	11.5×	n/a	n/a
Beijing Huayuan Xinhang 600743.SS	China	$679M	-22%	-77%	-18%	n/a	n/a	n/a
Bassac BASS.PA	France	$679M	-19%	+16%	8%	5.4×	n/a	n/a
Indiabulls IBULLSLTD.NS	India	$704M	+48%	+86%	32%	n/a	n/a	n/a
Mahindra Lifespace Developers MAHLIFE.NS	India	$706M	-10%	+839%	0%	24.2×	n/a	n/a
HDC 012630.KS	South Korea	$676M	-29%	-10%	12%	2.2×	n/a	n/a
NIPPON KANZAI 9347.T	Japan	$714M	+4%	+7%	6%	n/a	n/a	n/a
Fundamenta Real Estate FREN.SW	Switzerland	$716M	-1%	+3%	71%	24.4×	n/a	n/a
Zambal Spain SOCIMI YZBL.MC	Spain	$663M	-1%	+1%	45%	n/a	n/a	n/a
Sanxiang Impression 000863.SZ	China	$722M	-16%	+48%	-31%	n/a	n/a	n/a
Nordeste Properties Socimi SCHST.MC	Spain	$661M	-2%	+9%	63%	n/a	n/a	n/a
Zhejiang China Light & Textile Industrial City 600790.SS	China	$660M	-23%	-9%	-34%	n/a	n/a	n/a
China Fortune Land Development 600340.SS	China	$660M	-12%	-43%	-201%	n/a	n/a	n/a
Shenzhen Properties & Resources Development (Group) 000011.SZ	China	$733M	+11%	-16%	3%	n/a	n/a	n/a
Binjiang Service 3316.HK	Hong Kong	$734M	-14%	+14%	17%	7.8×	n/a	n/a

Questions

Which companies are Hemnet's closest peers?: The cockpit's peer set: Beijing North Star (0588.HK), RiseSun Real Estate Development (002146.SZ), Shenzhen WorldUnion (002285.SZ), China Union (000036.SZ), Shenzhen SDG Service (300917.SZ), Yanlord Land (Z25.SI), Beijing Huayuan Xinhang (600743.SS), Bassac (BASS.PA).
Is Hemnet expensive compared with its peers?: On forward p/e it trades at 18.6× against a peer median of 11.5×, 5th most expensive of 10 in its peer set.
How has Hemnet stock performed?: Over six months to 6 Nov 2026 the shares returned -30.7% against -17.3% for the median peer; over one year -63.9%.