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Hedera Group AB
(HEGR)
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Rating:46Neutral
Price Target:
kr0.49
▼(-12.50% Downside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by weak financial performance—material TTM revenue deterioration, ongoing losses, and negative operating/free cash flow—despite some balance-sheet improvement from reduced debt. Technicals provide a partial offset with moderate near-term momentum, but valuation is constrained by a negative P/E that reflects loss-making operations.
Positive Factors
Reduced debt
Meaningfully lower debt reduces financial pressure and improves the company’s ability to withstand continued operating weakness. This balance-sheet improvement also preserves more flexibility for working capital and recovery efforts than the historically higher leverage position would have allowed.
Negative Factors
Severe revenue contraction
The sharp revenue contraction indicates substantial pressure on service volumes, pricing, or both, weakening the scale available to absorb personnel and administrative costs. Unless reversed, sustained top-line decline will make a return to operating profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced debt
Meaningfully lower debt reduces financial pressure and improves the company’s ability to withstand continued operating weakness. This balance-sheet improvement also preserves more flexibility for working capital and recovery efforts than the historically higher leverage position would have allowed.
Read all positive factors
Hedera Group AB (HEGR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr19.04M
Dividend Yield3.67%
Average Volume (3M)23.98K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth-3.27%
EPS Growth-108.68%
CountrySE
Employees45
SectorServices
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-0.34
Shares Outstanding38,070,084
10 Day Avg. Volume10,610
30 Day Avg. Volume23,979
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.13
Price to Sales (P/S)0.03
P/FCF Ratio-6.00
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)N/A
Revenue Forecast (FY)N/A
Hedera Group AB Business Overview & Revenue Model
Company Description
Hedera Group AB (publ) and its affiliated entities operate within Sweden, providing specialized human resources for the healthcare sector. Their primary focus is on the recruitment and placement of physicians and registered nurses into various med...
How the Company Makes Money
Hedera Group AB primarily makes money by selling care and welfare services through its operating subsidiaries. Revenue is generated from service delivery where compensation is typically tied to delivered hours, assignments, or contracted service v...
Hedera Group AB Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 496.60M | 516.30M | 543.31M | 678.28M | 453.91M | 246.97M |
| Gross Profit | -3.80M | -4.50M | 18.40M | 34.76M | 122.00M | 52.36M |
| EBITDA | -9.45M | 1.60M | 6.18M | 21.20M | 19.33M | 7.03M |
| Net Income | -11.20M | -9.40M | -2.52M | 9.46M | 13.57M | 2.60M |
Balance Sheet | ||||||
| Total Assets | 212.30M | 229.70M | 232.99M | 261.32M | 232.66M | 147.00M |
| Cash, Cash Equivalents and Short-Term Investments | 5.00M | 6.70M | 8.37M | 15.06M | 8.65M | 5.79M |
| Total Debt | 18.90M | 29.56M | 42.67M | 41.80M | 40.38M | 38.97M |
| Total Liabilities | 116.30M | 129.00M | 132.45M | 154.91M | 135.71M | 90.41M |
| Stockholders Equity | 95.90M | 100.80M | 100.54M | 106.41M | 96.95M | 56.59M |
Cash Flow | ||||||
| Free Cash Flow | -10.80M | -2.26M | 473.00K | 12.17M | 8.14M | -1.55M |
| Operating Cash Flow | -11.10M | -3.40M | 1.42M | 12.80M | 10.09M | 1.78M |
| Investing Cash Flow | 0.00 | -500.00K | -951.00K | -2.65M | -22.20M | -10.51M |
| Financing Cash Flow | 9.10M | 2.20M | -7.16M | -3.74M | 14.97M | 10.17M |
Hedera Group AB Technical Analysis
Positive
0.56
Price Trends
0.43
Positive
0.45
Positive
0.54
Negative
Market Momentum
>-0.01
Positive
55.22
Neutral
37.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HEGR, the sentiment is Positive. The current price of 0.56 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.43, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 55.22 is Neutral, neither overbought nor oversold. The STOCH value of 37.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HEGR.
Hedera Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr619.52M | 12.30 | ― | 2.82% | 9.56% | 20.95% | |
62 Neutral | kr336.27M | 18.51 | 13.61% | 3.27% | -2.39% | ― | |
58 Neutral | kr876.46M | 16.57 | ― | 7.89% | -12.06% | -50.75% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | kr343.32M | 22.83 | ― | 5.42% | 137.45% | 77.59% | |
46 Neutral | kr19.04M | -1.49 | -10.93% | 3.67% | -3.27% | -108.68% | |
41 Neutral | kr98.89M | -5.33 | -28.66% | 20.51% | -19.48% | 37.71% |
* Services Sector Average
SE:HEGR
Hedera Group AB
0.50
-0.21
-30.07%
SE:WISE
Wise Group AB
11.15
-2.50
-18.32%
SE:PION.B
Poolia AB Class B
6.98
1.20
20.78%
SE:DEDI
Dedicare AB
62.00
18.05
41.08%
SE:CALVIK
Job Solution Sweden Holding AB
63.00
13.50
27.27%
SE:EWRK
Ework Group AB
50.70
-38.79
-43.35%
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.