Ework Group AB (SE:EWRK)
:EWRK
Top Page
Ework Group AB
(EWRK)
Select Model
Select Model
Rating:54Neutral
Price Target:
kr69.00
▼(-29.23% Downside)
Action:ReiteratedDate:02/28/26
The score is driven by moderate financial quality (improving leverage and historically decent cash conversion, but recent revenue contraction and thin margins) and weak technicals (price well below key moving averages with negative MACD). Valuation is a key offset, supported by a moderate P/E and a very high dividend yield.
Positive Factors
De-risked leverage
Materially lower leverage and a rebuilt equity base reduce solvency risk and increase financial flexibility. This positions the company to withstand cyclical revenue pressure, maintain supplier and client relationships, and fund working capital or selective investments without immediate refinancing stress.
Negative Factors
Revenue contraction
Sustained top-line decline reduces scale advantages and bargaining power with clients and consultants, limiting the network effect. Lower revenue also compresses absolute gross profit and makes it harder to cover fixed operating costs, risking weaker framework penetration and slower recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked leverage
Materially lower leverage and a rebuilt equity base reduce solvency risk and increase financial flexibility. This positions the company to withstand cyclical revenue pressure, maintain supplier and client relationships, and fund working capital or selective investments without immediate refinancing stress.
Read all positive factors
Ework Group AB (EWRK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.17B
Dividend Yield7.11%
Average Volume (3M)17.84K
Price to Earnings (P/E)40.0
Beta (1Y)0.15
Revenue Growth-12.29%
EPS Growth-18.24%
CountrySE
Employees300
SectorServices
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.60
Shares Outstanding17,287,275
10 Day Avg. Volume20,576
30 Day Avg. Volume17,839
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)6.64
Price to Sales (P/S)0.12
P/FCF Ratio13.50
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)6.8
Revenue Forecast (FY)kr14.25B
Ework Group AB Business Overview & Revenue Model
Company Description
Ework Group AB (publ) operates as a consultant supplier with focus on IT, telecom, technology, and business development in Sweden, Denmark, Norway, Finland, and Poland. The company was formerly known as eWork Scandinavia AB (publ) and changed its ...
How the Company Makes Money
Ework Group generates revenue primarily through its staffing and consultancy services, which involve charging clients a fee for connecting them with skilled professionals and managing the administrative aspects of employment. The company earns mon...
Ework Group AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.74B | 15.76B | 17.25B | 16.07B | 13.19B |
| Gross Profit | 122.92M | 340.27M | 365.11M | 425.60M | 322.41M |
| EBITDA | 186.80M | 234.25M | 246.18M | 212.71M | 161.34M |
| Net Income | 76.23M | 138.51M | 129.03M | 139.19M | 97.99M |
Balance Sheet | |||||
| Total Assets | 3.22B | 3.71B | 4.14B | 4.80B | 3.72B |
| Cash, Cash Equivalents and Short-Term Investments | 60.62M | 127.45M | 131.45M | 332.01M | 154.50M |
| Total Debt | 189.81M | 222.59M | 260.81M | 461.49M | 235.06M |
| Total Liabilities | 2.97B | 3.41B | 3.86B | 4.54B | 3.53B |
| Stockholders Equity | 249.80M | 301.33M | 280.86M | 260.85M | 198.92M |
Cash Flow | |||||
| Free Cash Flow | 122.79M | 164.77M | 147.08M | 81.79M | 53.21M |
| Operating Cash Flow | 122.80M | 176.13M | 164.03M | 110.35M | 68.30M |
| Investing Cash Flow | -10.81M | -11.21M | -16.95M | -28.56M | -15.09M |
| Financing Cash Flow | -178.37M | -169.55M | -345.74M | 106.17M | -135.48M |
Ework Group AB Technical Analysis
Negative
97.50
Price Trends
76.11
Negative
84.76
Negative
95.74
Negative
Market Momentum
-2.13
Negative
47.61
Neutral
93.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:EWRK, the sentiment is Negative. The current price of 97.5 is above the 20-day moving average (MA) of 65.86, above the 50-day MA of 76.11, and above the 200-day MA of 95.74, indicating a neutral trend. The MACD of -2.13 indicates Negative momentum. The RSI at 47.61 is Neutral, neither overbought nor oversold. The STOCH value of 93.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:EWRK.
Ework Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | kr392.07M | 12.28 | ― | 5.95% | -17.43% | -39.61% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | kr1.17B | 40.00 | ― | 7.11% | -12.29% | -18.24% | |
51 Neutral | kr125.28M | -6.17 | -25.98% | ― | -20.88% | 14.14% | |
40 Underperform | kr240.88M | -831.83 | -0.23% | ― | -17.32% | 36.05% |
* Services Sector Average
SE:EWRK
Ework Group AB
67.60
-50.20
-42.61%
SE:WISE
Wise Group AB
16.95
0.30
1.80%
SE:PION.B
Poolia AB Class B
5.00
-0.08
-1.57%
SE:DEDI
Dedicare AB
41.00
-1.90
-4.43%
Ework Group AB Corporate Events
Ework Hit by Weaker Demand and Write-Offs, Cuts Dividend After Profit Slump
Feb 19, 2026
Ework Group AB reported a weak 2025, with net sales down 13% to SEK 13.7 billion and order intake falling 12%, reflecting softer demand and fewer professionals on assignment. Profitability was squeezed despite a slightly higher gross margin, as EB...
Ework launches transformation drive to cut costs and sharpen competitiveness
Feb 19, 2026
Ework Group AB has launched a transformation program to streamline its organizational structure and management framework in a bid to sharpen competitiveness and boost operational efficiency. The reorganization includes clearer role definitions, a ...
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.