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Eniro Group AB Class A
(ENRO)
Select Model
Select Model
Rating:65Neutral
Price Target:
kr34.00
▲(8192.68% Upside)
Action:Reiterated
Date:07/25/26
The score is driven primarily by fair-to-good financial performance—low leverage and solid free cash flow offset by very thin and historically volatile margins. Valuation is helped by a strong dividend yield with a reasonable P/E, while technical indicators are the main drag due to negative momentum (MACD) and weak RSI/Stoch readings.
Positive Factors
Conservative Balance Sheet
Low leverage reduces financial risk and interest burden, giving Eniro greater flexibility to sustain operations, invest in digital marketing services, and withstand periods of weaker SME demand without excessive balance-sheet pressure.
Negative Factors
Thin Profit Margins
Very limited margin cushions leave earnings vulnerable to modest increases in costs, customer acquisition spending, or pricing pressure. This constrains the company’s ability to absorb weaker SME demand while maintaining investment in its offerings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage reduces financial risk and interest burden, giving Eniro greater flexibility to sustain operations, invest in digital marketing services, and withstand periods of weaker SME demand without excessive balance-sheet pressure.
Read all positive factors
Eniro Group AB Class A (ENRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr448.23M
Dividend Yield8.25%
Average Volume (3M)13.99K
Price to Earnings (P/E)15.2
Beta (1Y)0.75
Revenue Growth1.90%
EPS Growth-60.00%
CountrySE
Employees853
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)2.00
Shares Outstanding14,923,649
10 Day Avg. Volume12,795
30 Day Avg. Volume13,986
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)5
Revenue Forecast (FY)kr1.11B
Eniro Group AB Class A Business Overview & Revenue Model
Company Description
Eniro Group AB operates as a software-as-a-service company in Sweden, Norway, Denmark, and Finland. The company provides a range of digital marketing services to small and medium-sized enterprises through partnerships and its own local search engi...
How the Company Makes Money
Eniro primarily makes money by selling local marketing and online visibility services to businesses, especially SMEs, on a recurring or contract basis. Core revenue streams are generated from (1) subscriptions and service fees for being listed and...
Eniro Group AB Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 966.00M | 955.00M | 951.00M | 960.00M | 930.00M | 828.00M |
| Gross Profit | 299.00M | 51.00M | 851.00M | 296.00M | 846.00M | 738.00M |
| EBITDA | 102.00M | 119.00M | 144.00M | 85.00M | 139.00M | 16.00M |
| Net Income | 30.00M | 46.00M | 68.00M | -4.00M | 48.00M | -105.00M |
Balance Sheet | ||||||
| Total Assets | 956.00M | 982.00M | 951.00M | 975.00M | 1.08B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 145.00M | 189.00M | 163.00M | 164.00M | 223.00M | 239.00M |
| Total Debt | 37.00M | 35.00M | 24.00M | 43.00M | 45.00M | 49.00M |
| Total Liabilities | 663.00M | 637.00M | 667.00M | 705.00M | 775.00M | 921.00M |
| Stockholders Equity | 293.00M | 344.00M | 283.00M | 269.00M | 305.00M | 81.00M |
Cash Flow | ||||||
| Free Cash Flow | 72.00M | 75.00M | 109.00M | 35.00M | 42.00M | 52.00M |
| Operating Cash Flow | 84.00M | 90.00M | 109.00M | 52.00M | 62.00M | 71.00M |
| Investing Cash Flow | -43.00M | -32.00M | -49.00M | -16.00M | -57.00M | -19.00M |
| Financing Cash Flow | -61.00M | -29.00M | -62.00M | -91.00M | -31.00M | -27.00M |
Eniro Group AB Class A Technical Analysis
Neutral
0.41
Price Trends
28.90
Positive
29.36
Positive
24.91
Positive
Market Momentum
0.43
Positive
48.50
Neutral
35.61
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 31.75, below the 50-day MA of 28.90, and below the 200-day MA of 24.91, indicating a neutral trend. The MACD of 0.43 indicates Positive momentum. The RSI at 48.50 is Neutral, neither overbought nor oversold. The STOCH value of 35.61 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 | kr8.70B | 21.51 | 39.32% | 1.11% | -13.85% | -26.51% | |
65 Neutral | kr448.23M | 15.16 | 9.27% | ― | 1.90% | -60.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | kr6.42B | 59.79 | 8.74% | ― | 25.22% | ― | |
58 Neutral | kr366.49M | -24.23 | -4.06% | ― | 2.62% | -235.03% | |
47 Neutral | kr214.56M | -1.74 | -11.22% | ― | 17.70% | 85.68% |
* Communication Services Sector Average
SE:ENRO
Eniro Group AB Class A
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Eniro Group AB Class A Corporate Events
Eniro Completes Dynava Sale to Sharpen Focus on Digital Marketing
Aug 13, 2026
Eniro Group AB has completed the sale of its subsidiary Dynava Group AB to Servana AB, finalizing a divestment first announced on 11 August 2026. The transaction, which removes a unit that generated SEK 318 million in sales and about two-thirds of...
Eniro Sells Dynava to Servana in SEK 102m Deal to Become Pure-Play Nordic Digital Marketer
Aug 11, 2026
Eniro Group AB has agreed to sell all shares in Dynava Group AB to Servana AB for SEK 102 million, exiting its customer service and directory assistance business to focus solely on digital marketing for SMEs in the Nordic region. The divestment re...
Eniro boosts recurring revenue, tightens capital base with Nordic expansion
Jul 24, 2026
Eniro Group AB reported solid second-quarter results, with net sales rising to SEK 247 million and operating profit doubling to SEK 14 million, while EBITDA margin improved slightly and earnings per share climbed to SEK 0.53. For the first half, s...
Eniro Group Launches SEK 40 Million Share Buy-Back Programme
Jul 23, 2026
Eniro Group AB has launched a traditional share buy-back programme on Nasdaq Stockholm, authorizing repurchases of up to SEK 40 million between late July 2026 and the end of March 2027, with total holdings capped at 10% of outstanding shares. The ...
Eniro buys Finnish marketer Aste to bolster enterprise reach in Finland
Jul 2, 2026
Eniro Group AB has acquired all shares in Finnish digital production and marketing firm Aste Holding Oy for an enterprise value of EUR 3.8 million, strengthening its position in enterprise marketing in Finland. Aste, which generated about EUR 12 m...
Eniro Group AB Completes 1:50 Reverse Share Split, Sharply Reduces Share Count
Jun 30, 2026
Eniro Group AB, a Stockholm-based digital marketing and directory services group, focuses on providing SMEs with advanced tools to match the resources of larger companies. Through its Eniro platform and Dynava subsidiary, the company supports loca...
Eniro sets June date for 1:50 reverse share split and new ISIN
Jun 10, 2026
Eniro Group AB, a Stockholm-headquartered digital marketing and customer service provider focused on SMEs in the Nordic region, reported 2025 sales of SEK 955 million and employs around 900 people. The company operates both its own digital marketi...
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.