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Hedera Group AB (SE:HEGR)
:HEGR
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Hedera Group AB (HEGR) AI Stock Analysis

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SE:HEGR

Hedera Group AB

(HEGR)

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Neutral 44 (OpenAI - Gpt-5.6Sol)
Rating:44Neutral
Price Target:
kr0.37
▼(-33.21% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily weighed down by weak financial performance—steep TTM revenue contraction, negative margins, and ongoing cash burn—paired with bearish technicals (price below key moving averages and negative MACD). A partially improved balance sheet (lower debt and modest leverage) provides some offset, but valuation signals are limited given negative earnings and no dividend yield data.
Positive Factors
Lower Leverage
Meaningful debt reduction and modest leverage improve financial resilience and reduce interest and refinancing pressure. This gives Hedera more flexibility to manage a prolonged operating recovery, although continued losses could still erode equity.
Negative Factors
Severe Revenue Contraction
The sharp TTM contraction signals substantial pressure on service volumes, contracts, or reporting continuity. A smaller revenue base reduces operating leverage and makes fixed administrative and compliance costs harder to absorb, limiting near-term recovery quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
Meaningful debt reduction and modest leverage improve financial resilience and reduce interest and refinancing pressure. This gives Hedera more flexibility to manage a prolonged operating recovery, although continued losses could still erode equity.
Read all positive factors

Hedera Group AB (HEGR) vs. iShares MSCI Sweden ETF (EWD)

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
Overall fundamentals are weak: the income statement shows sharp deterioration with steep TTM revenue contraction (-105.6%) and negative profitability (TTM EBIT margin -3.0%, net margin -2.3%). Cash flow is also pressured with negative TTM operating cash flow (-11.1m) and negative free cash flow (-10.8m). The main offset is a more resilient balance sheet with materially lower debt (down to 18.9m in TTM) and modest debt-to-equity (~0.20), though ROE is negative (-10.9%).
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
33
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue496.60M516.30M543.31M678.28M453.91M246.97M
Gross Profit-3.80M-4.50M18.40M34.76M122.00M52.36M
EBITDA-9.45M1.60M6.18M21.20M19.33M7.03M
Net Income-11.20M-9.40M-2.52M9.46M13.57M2.60M
Balance Sheet
Total Assets212.30M229.70M232.99M261.32M232.66M147.00M
Cash, Cash Equivalents and Short-Term Investments5.00M6.70M8.37M15.06M8.65M5.79M
Total Debt18.90M29.56M42.67M41.80M40.38M38.97M
Total Liabilities116.30M129.00M132.45M154.91M135.71M90.41M
Stockholders Equity95.90M100.80M100.54M106.41M96.95M56.59M
Cash Flow
Free Cash Flow-10.80M-2.26M473.00K12.17M8.14M-1.55M
Operating Cash Flow-11.10M-3.40M1.42M12.80M10.09M1.78M
Investing Cash Flow0.00-500.00K-951.00K-2.65M-22.20M-10.51M
Financing Cash Flow9.10M2.20M-7.16M-3.74M14.97M10.17M

Hedera Group AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.56
Price Trends
50DMA
0.47
Negative
100DMA
0.52
Negative
200DMA
0.59
Negative
Market Momentum
MACD
-0.02
Positive
RSI
37.38
Neutral
STOCH
39.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HEGR, the sentiment is Negative. The current price of 0.56 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.47, and below the 200-day MA of 0.59, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.38 is Neutral, neither overbought nor oversold. The STOCH value of 39.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HEGR.

Hedera Group AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
kr310.25M16.826.98%-2.39%
62
Neutral
kr516.38M13.423.07%-3.29%3.21%
57
Neutral
kr1.01B19.767.11%-11.84%-56.91%
56
Neutral
kr377.11M25.07137.45%77.59%
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
44
Neutral
kr13.12M-1.15-10.46%-3.27%-108.68%
41
Neutral
kr120.18M-6.70-30.64%-19.48%37.71%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:HEGR
Hedera Group AB
0.39
-0.42
-52.05%
SE:WISE
Wise Group AB
14.00
-1.40
-9.09%
SE:PION.B
Poolia AB Class B
6.34
0.70
12.41%
SE:DEDI
Dedicare AB
54.10
10.20
23.23%
SE:CALVIK
Job Solution Sweden Holding AB
69.20
36.70
112.92%
SE:EWRK
Ework Group AB
57.90
-48.74
-45.70%
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.Date of analysis: Aug 19, 2026