Hedera Group AB (HEGR) AI Stock Analysis

Hedera Group AB

(Nasdaq OMX AB:HEGR)

Select Model

Rating:53Neutral

Price Target:SEK 0.51▲(1.60% Upside)

Action:reiterated

Date:10/31/26

Hedera Group AB's score is severely pressured by fundamental deterioration, including a lack of profitability, cash drain, and poor valuation. However, active debt reduction and resilient short-to-medium-term technical momentum provide necessary stability, preventing a minimum overall rating.

Positive Factors

Lower debt burdenMeaningful debt reduction improves Hedera’s financial resilience and lowers the burden of future interest and refinancing needs. If operating performance stabilizes, the lighter debt load should provide greater flexibility to fund operations and pursue service growth without relying as heavily on external financing.

Negative Factors

Severe revenue deteriorationThe steep TTM revenue contraction indicates substantial pressure on service volumes, pricing, or both. A decline of this magnitude can reduce operating scale and make personnel and administrative costs harder to absorb, weakening the company’s ability to return to sustainable profitability over the next several quarters.

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

Market Cap: SEK 19.04M
Dividend Yield: ―
Average Volume (3M): 40.53K
Price to Earnings (P/E): -1.5
Beta (1Y): 0.96
Revenue Growth: -3.27%
EPS Growth: -108.68%
Country: Sweden
Employees: 45
Sector: Services
Sector Strength: 55
Industry: Staffing & Employment Services

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 medica...

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 volu...

Hedera Group AB Financial Statement Overview

Summary

Financial performance is poor due to shrinking revenues, negative gross margins, and substantial cash burn. However, a conservative debt-to-equity ratio of 0.20 and a strong equity position provide a vital liquidity cushion.

Income Statement

12Very Negative

Balance Sheet

75Positive

Cash Flow

15Very Negative

Financial statement breakdown
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	-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

Technical Analysis SentimentPositive

Last Price0.50

Price Trends

50DMA0.43Positive

100DMA0.45Positive

200DMA0.54Negative

Market Momentum

MACD0.00Negative

RSI61.90Neutral

STOCH68.00Neutral

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 0.50 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.43, and below the 200-day MA of 0.54, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 61.90 is Neutral, neither overbought nor oversold. The STOCH value of 68.00 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:HEGR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:DEDI	72Outperform	SEK 619.52M	12.30	―	2.82%	9.56%	20.95%
SE:PION.B	62Neutral	SEK 336.27M	18.51	13.61%	―	-2.39%	―
SE:EWRK	57Neutral	SEK 876.46M	16.57	―	7.89%	-12.06%	-50.75%
Sector *	55Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SE:HEGR	53Neutral	SEK 19.04M	-1.49	-10.93%	―	-3.27%	-108.68%
SE:CALVIK	51Neutral	SEK 343.32M	22.83	―	―	137.45%	77.59%
SE:WISE	39Underperform	SEK 98.89M	-5.33	-28.66%	―	-19.48%	37.71%

* Services Sector Average

Performance Comparison

SE:HEGR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:HEGR	Hedera Group AB	0.50	-0.25	-33.33%
SE:WISE	Wise Group AB	11.15	-2.20	-16.48%
SE:PION.B	Poolia AB Class B	6.98	1.38	24.64%
SE:DEDI	Dedicare AB	62.00	18.68	43.11%
SE:CALVIK	Job Solution Sweden Holding AB	63.00	13.90	28.31%
SE:EWRK	Ework Group AB	50.70	-36.16	-41.63%

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: Oct 31, 2026

Hedera Group AB AI Stock Analysis