Eniro Group AB Class A (SE:ENRO)
:ENRO
Top Page
Eniro Group AB Class A
(ENRO)
Select Model
Select Model
Rating:69Neutral
Price Target:
kr0.70
▲(71.46% Upside)
Action:DowngradedDate:02/27/26
Score is driven primarily by improving fundamentals (profitability recovery, lower leverage, and continued positive free cash flow) but tempered by volatility in margins and cash conversion (notably the 2025 free-cash-flow drop). Technically, price momentum is strong and above key moving averages, though overbought readings add near-term pullback risk. Valuation is supportive given the low P/E.
Positive Factors
Recurring digital marketing business model
Eniro’s core model sells subscription and campaign-based visibility services to local SMEs, creating recurring revenue and sticky customer relationships. A focus on local search and ad products yields predictable cash inflows and long-term customer lifetime value in stable Nordic local markets.
Negative Factors
Volatile margins and earnings quality
Historic swings in profitability, including a loss year and gross-profit volatility, undermine predictability of future margins. This raises execution risk: revenue growth may not reliably convert to sustained operating profit without clearer cost discipline or more stable product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring digital marketing business model
Eniro’s core model sells subscription and campaign-based visibility services to local SMEs, creating recurring revenue and sticky customer relationships. A focus on local search and ad products yields predictable cash inflows and long-term customer lifetime value in stable Nordic local markets.
Read all positive factors
Eniro Group AB Class A (ENRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr414.87M
Dividend YieldN/A
Average Volume (3M)708.98K
Price to Earnings (P/E)6.2
Beta (1Y)0.48
Revenue Growth-0.21%
EPS Growth33.33%
CountrySE
Employees905
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.01
Shares Outstanding746,182,500
10 Day Avg. Volume919,265
30 Day Avg. Volume708,983
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.83
Price to Sales (P/S)0.30
P/FCF Ratio3.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)kr1.11B
Eniro Group AB Class A Business Overview & Revenue Model
Company Description
Eniro Group AB Class A (ENRO) is a leading digital marketing company based in Sweden, specializing in search and local advertising. The company operates primarily in the digital media sector, providing services that include online directories, sea...
How the Company Makes Money
Eniro primarily makes money by selling digital marketing and visibility services to businesses, particularly local SMEs, aiming to improve their discoverability and customer acquisition. Key revenue streams typically include (1) subscription- or c...
Eniro Group AB Class A Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
76
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 955.00M | 951.00M | 960.00M | 930.00M | 828.00M |
| Gross Profit | 51.00M | 851.00M | 296.00M | 846.00M | 738.00M |
| EBITDA | 119.00M | 144.00M | 85.00M | 139.00M | 16.00M |
| Net Income | 46.00M | 68.00M | -4.00M | 48.00M | -105.00M |
Balance Sheet | |||||
| Total Assets | 982.00M | 951.00M | 975.00M | 1.08B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 189.00M | 163.00M | 164.00M | 223.00M | 239.00M |
| Total Debt | 56.00M | 24.00M | 43.00M | 45.00M | 49.00M |
| Total Liabilities | 637.00M | 667.00M | 705.00M | 775.00M | 921.00M |
| Stockholders Equity | 344.00M | 283.00M | 269.00M | 305.00M | 81.00M |
Cash Flow | |||||
| Free Cash Flow | 75.00M | 109.00M | 35.00M | 42.00M | 52.00M |
| Operating Cash Flow | 90.00M | 109.00M | 52.00M | 62.00M | 71.00M |
| Investing Cash Flow | -32.00M | -49.00M | -16.00M | -57.00M | -19.00M |
| Financing Cash Flow | -29.00M | -62.00M | -91.00M | -31.00M | -27.00M |
Eniro Group AB Class A Technical Analysis
Positive
0.41
Price Trends
0.47
Positive
0.43
Positive
0.43
Positive
Market Momentum
0.02
Positive
55.57
Neutral
23.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ENRO, the sentiment is Positive. The current price of 0.41 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.47, and below the 200-day MA of 0.43, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 55.57 is Neutral, neither overbought nor oversold. The STOCH value of 23.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ENRO.
Eniro Group AB Class A Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr414.87M | 6.17 | 14.76% | ― | -0.21% | 33.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr136.71M | -84.11 | -3.04% | 13.12% | -3.51% | -192.91% | |
56 Neutral | kr398.94M | 385.19 | 0.26% | ― | 6.67% | -7.93% | |
50 Neutral | kr49.74M | -8.88 | ― | ― | ― | ― | |
45 Neutral | kr181.18M | 13.42 | -8.02% | ― | ― | ― | |
45 Neutral | kr65.49M | -1.80 | -32.53% | ― | -57.04% | -161.67% |
* Communication Services Sector Average
SE:ENRO
Eniro Group AB Class A
0.56
0.04
7.75%
SE:EMB
LL Lucky Games AB
0.61
0.11
22.00%
SE:SPEONE
SpectrumOne AB
0.18
-0.07
-28.86%
SE:MAGI
MAG Interactive AB
5.16
-3.72
-41.89%
SE:TRAD
TradeDoubler AB
6.60
1.00
17.86%
SE:TOURN
Tourn International AB
5.10
0.11
2.20%
Eniro Group AB Class A Corporate Events
Qviberg Family Becomes Second-Largest Shareholder in Eniro After Major Stake Increase
Feb 23, 2026
Mats and Eva Qviberg have increased their stake in Eniro Group AB from 4.5 percent to 17.1 percent of the capital through the purchase of all Eniro shares previously held by Spectrum One, making the Qviberg family the company’s second-larges...
Eniro Builds on Record 2025 Sales as It Positions for AI-Driven Nordic Growth
Feb 19, 2026
Eniro reported 2025 net sales of SEK 955 million, its strongest revenue year to date, and modest profit despite margin pressure and weaker performance at its Dynava unit. The group’s Marketing Partner business reached SEK 537 million in annu...
Eniro Wins Supreme Court Dismissal After Settlement With Kapatens
Feb 18, 2026
Eniro Group AB has secured a decisive legal resolution after the Swedish Supreme Court overturned earlier rulings from the Svea Court of Appeal and the Solna District Court, dismissing the case following a settlement with Kapatens. Under the settl...
Eniro Reaches SEK 17 Million Settlement to End Share-Class Dispute With Kapatens
Feb 10, 2026
Eniro Group AB has agreed a settlement with Kapatens Investment AB that will see the parties jointly ask Sweden’s Supreme Court to overturn lower court rulings tied to Kapatens’ challenge of Eniro’s 2022 decision to redeem prefer...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.