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Ework Group AB
(EWRK)
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Rating:53Neutral
Price Target:
kr60.00
▼(-38.46% Downside)
Action:Reiterated
Date:07/22/26
The score is driven primarily by pressured financial performance (declining revenue, extremely thin margins, and sharply lower TTM free cash flow) alongside weak technical trends (below key moving averages and negative MACD). Offsetting factors include improved leverage, strong ROE, solid cash conversion, and a supportive valuation with a high dividend yield and moderate P/E.
Positive Factors
Platform-driven intermediary model
Ework's platform- and process-driven intermediary model creates scalable, repeatable execution for sourcing and managing consultants. That structure supports recurring enterprise and public-sector relationships, operational efficiency, and steady transaction-driven revenue growth potential over the medium term.
Negative Factors
Revenue decline
A multi-period top-line retreat signals weakening demand or waning market share in core staffing/consulting services. Sustained revenue declines reduce operating leverage benefits, constrain margin recovery opportunities, and make multi-quarter growth recovery more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform-driven intermediary model
Ework's platform- and process-driven intermediary model creates scalable, repeatable execution for sourcing and managing consultants. That structure supports recurring enterprise and public-sector relationships, operational efficiency, and steady transaction-driven revenue growth potential over the medium term.
Read all positive factors
Ework Group AB (EWRK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr999.20M
Dividend Yield6.9%
Average Volume (3M)7.31K
Price to Earnings (P/E)19.7
Beta (1Y)0.21
Revenue Growth-11.84%
EPS Growth-56.91%
CountrySE
Employees277
SectorGeneral
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)2.93
Shares Outstanding17,287,275
10 Day Avg. Volume8,697
30 Day Avg. Volume7,309
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)3.82
Revenue Forecast (FY)kr12.07B
Ework Group AB Business Overview & Revenue Model
Company Description
Ework Group AB (publ) engages in the provision of total talent solutions for IT/OT, research and development, engineering, and business development in Sweden, Norway, Finland, Germany, Denmark, Poland, the Netherlands, and Slovakia. It offers tale...
How the Company Makes Money
Ework primarily makes money by acting as an intermediary between client organizations and external consultants. Its core revenue model is margin-based: Ework contracts with the client at an agreed bill rate for a consultant assignment, sources the...
Ework Group AB Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
53
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.78B | 13.74B | 15.76B | 17.25B | 16.07B | 13.19B |
| Gross Profit | 153.18M | 122.92M | 340.27M | 365.11M | 425.60M | 322.41M |
| EBITDA | 140.78M | 186.80M | 234.25M | 246.18M | 212.71M | 161.34M |
| Net Income | 50.68M | 76.23M | 138.51M | 129.03M | 139.19M | 97.99M |
Balance Sheet | ||||||
| Total Assets | 2.92B | 3.22B | 3.71B | 4.14B | 4.80B | 3.72B |
| Cash, Cash Equivalents and Short-Term Investments | 5.50M | 60.62M | 127.45M | 131.45M | 332.01M | 154.50M |
| Total Debt | 236.44M | 189.81M | 222.59M | 260.81M | 461.49M | 235.06M |
| Total Liabilities | 2.71B | 2.97B | 3.41B | 3.86B | 4.54B | 3.53B |
| Stockholders Equity | 208.18M | 249.80M | 301.33M | 280.86M | 260.85M | 198.92M |
Cash Flow | ||||||
| Free Cash Flow | 57.42M | 122.79M | 164.77M | 147.08M | 81.79M | 53.21M |
| Operating Cash Flow | 61.30M | 122.80M | 176.13M | 164.03M | 110.35M | 68.30M |
| Investing Cash Flow | -8.45M | -10.81M | -11.21M | -16.95M | -28.56M | -15.09M |
| Financing Cash Flow | -77.25M | -178.37M | -169.55M | -345.74M | 106.17M | -135.48M |
Ework Group AB Technical Analysis
Neutral
97.50
Price Trends
58.50
Negative
60.31
Negative
69.50
Negative
Market Momentum
-0.21
Negative
51.45
Neutral
72.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:EWRK, the sentiment is Neutral. The current price of 97.5 is above the 20-day moving average (MA) of 57.35, above the 50-day MA of 58.50, and above the 200-day MA of 69.50, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 51.45 is Neutral, neither overbought nor oversold. The STOCH value of 72.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | kr303.51M | 16.71 | 13.61% | 3.27% | -2.39% | ― | |
62 Neutral | kr565.15M | 14.67 | ― | 3.02% | -3.29% | 3.21% | |
61 Neutral | kr355.31M | 23.62 | ― | 5.42% | 137.45% | 77.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr999.20M | 19.73 | ― | 6.90% | -11.84% | -56.91% | |
41 Neutral | kr120.18M | -6.48 | -28.66% | 20.51% | -19.48% | 37.71% | |
38 Underperform | kr133.67M | -11.56 | ― | 6.83% | -12.25% | 65.49% |
* General Sector Average
SE:EWRK
Ework Group AB
58.00
-48.45
-45.51%
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SE:CALVIK
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Ework Group AB Corporate Events
Ework Group Hit by Lower Sales but Sees Order Intake Rise Amid AI Shift
Jul 21, 2026
Ework Group AB, a professional services and consulting provider specializing in sourcing independent experts for client projects, continues to operate with relatively stable gross margins despite weaker sales. The company’s model depends on ...
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.