Eniro Group AB Class A (SE:ENRO)
:ENRO
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Eniro Group AB Class A
(ENRO)
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Rating:68Neutral
Price Target:
kr0.68
▲(64.88% Upside)
Action:Downgraded
Date:04/30/26
The score is primarily supported by improved financial performance (return to profitability and low leverage) and an attractive low P/E valuation. These positives are tempered by uneven cash-flow momentum (declining TTM free cash flow growth) and mixed near-term technical signals with the price below the 20-day average.
Positive Factors
Return to profitability
Sustained positive net and operating income after recent losses indicates that the core digital-marketing business can generate profits. Durable profitability improves reinvestment capacity, reduces refinancing risk, and supports strategic initiatives to deepen SME customer monetization over the next several quarters.
Negative Factors
Volatile profitability history
Historic swings between profit and loss signal underlying sensitivity in margins or revenue mix. Such volatility reduces predictability of earnings and weakens confidence that current profits will persist absent clearer structural margin improvements or diversified revenue streams.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
Sustained positive net and operating income after recent losses indicates that the core digital-marketing business can generate profits. Durable profitability improves reinvestment capacity, reduces refinancing risk, and supports strategic initiatives to deepen SME customer monetization over the next several quarters.
Read all positive factors
Eniro Group AB Class A (ENRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr476.05M
Dividend YieldN/A
Average Volume (3M)708.98K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue GrowthN/A
EPS Growth-71.25%
CountrySE
Employees905
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.03
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 (publ) operates as a software-as-a-service company in Sweden, Norway, Denmark, and Finland. It offers a range of digital marketing services to small and medium-sized companies through partnership, as well as through search engines, ...
How the Company Makes Money
Eniro primarily makes money by selling digital marketing and advertising services to businesses—especially local SMEs—that want to be found by consumers searching for products and services in their area. Key revenue streams typically include (1) s...
Eniro Group AB Class A Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 956.00M | 955.00M | 951.00M | 960.00M | 930.00M | 828.00M |
| Gross Profit | 428.00M | 51.00M | 851.00M | 296.00M | 846.00M | 738.00M |
| EBITDA | 97.00M | 119.00M | 144.00M | 85.00M | 139.00M | 16.00M |
| Net Income | 23.00M | 46.00M | 68.00M | -4.00M | 48.00M | -105.00M |
Balance Sheet | ||||||
| Total Assets | 985.00M | 982.00M | 951.00M | 975.00M | 1.08B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 175.00M | 189.00M | 163.00M | 164.00M | 223.00M | 239.00M |
| Total Debt | 35.00M | 56.00M | 24.00M | 43.00M | 45.00M | 49.00M |
| Total Liabilities | 658.00M | 637.00M | 667.00M | 705.00M | 775.00M | 921.00M |
| Stockholders Equity | 327.00M | 344.00M | 283.00M | 269.00M | 305.00M | 81.00M |
Cash Flow | ||||||
| Free Cash Flow | 75.00M | 75.00M | 109.00M | 35.00M | 42.00M | 52.00M |
| Operating Cash Flow | 80.00M | 90.00M | 109.00M | 52.00M | 62.00M | 71.00M |
| Investing Cash Flow | -38.00M | -32.00M | -49.00M | -16.00M | -57.00M | -19.00M |
| Financing Cash Flow | -27.00M | -29.00M | -62.00M | -91.00M | -31.00M | -27.00M |
Eniro Group AB Class A Technical Analysis
Neutral
0.41
Price Trends
0.62
Positive
0.51
Positive
0.46
Positive
Market Momentum
<0.01
Positive
48.58
Neutral
60.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ENRO, the sentiment is Neutral. The current price of 0.41 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.62, and below the 200-day MA of 0.46, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 60.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr476.05M | -13.10 | 14.76% | ― | ― | -71.25% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | kr205.60M | 81.39 | -3.04% | 13.12% | 0.57% | -263.59% | |
56 Neutral | kr378.39M | -21.01 | 0.26% | ― | 5.52% | -306.54% | |
45 Neutral | kr165.74M | 13.42 | -8.02% | ― | 79.93% | ― | |
45 Neutral | kr65.49M | -2.72 | -32.53% | ― | -70.98% | -149.66% | |
42 Neutral | kr39.01M | -5.56 | ― | ― | -21.37% | 70.69% |
* Communication Services Sector Average
SE:ENRO
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Eniro Group AB Class A Corporate Events
Flavus Invest Becomes Largest Shareholder in Eniro, Targeting European SME Market
May 5, 2026
Newly formed investment company Kommstart 4068 AB, set to be renamed Flavus Invest, has acquired 190 million Eniro shares from Azerion Sverige AB, giving it 25.46% of Eniro’s share capital and making it the company’s largest shareholde...
Eniro Nomination Committee Sets Course for Continuity and Slightly Expanded Board in 2026
Apr 30, 2026
Eniro Group AB, a Nasdaq Stockholm-listed Nordic digital marketing and directory services provider, focuses on helping small and medium-sized businesses improve their local digital presence and marketing efficiency across Sweden, Denmark, Finland ...
Eniro Prioritizes Investment Year as Profit Margins Dip but Recurring Revenue and Dynava Improve
Apr 29, 2026
Eniro Group AB, a Stockholm-listed digital marketing and customer service company, reported essentially flat first-quarter net sales at SEK 238 million while slipping to an operating loss and weaker EBITDA margin amid non-recurring costs. The Mark...
Eniro Calls 2026 AGM, Proposes Dividend, Share Consolidation and Buyback Mandate
Apr 22, 2026
Eniro Group AB has called its Annual General Meeting for May 22, 2026, in Solna, setting out standard participation, registration, and proxy procedures for shareholders, including rules for nominee-registered shares and data handling under EU priv...
Eniro launches largest AI investment yet with Sana to drive Nordic growth
Apr 15, 2026
Eniro Group AB, a Nordic digital marketing and local business visibility specialist for small and medium-sized enterprises, operates platforms covering more than three million listed companies and offers services including websites, advertising, d...
Eniro Group Publishes Comprehensive 2025 Annual Report
Apr 14, 2026
Eniro Group AB has released its 2025 annual report, presenting a comprehensive overview of the past year’s performance, governance, and strategic direction. The report covers financial figures, business area updates for Marketing Partner and...
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...
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.