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EWRK

Ework Group OM:EWRK Stock Report

Last Price

kr86.70

Market Cap

kr1.5b

7D

-8.7%

1Y

-22.0%

Updated

29 Sep, 2022

Data

Company Financials +
EWRK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends3/6

EWRK Stock Overview

Ework Group AB (publ) operates as a consultant supplier with focus on IT, telecom, technology, and business development in Sweden, Denmark, Norway, Finland, and Poland.

Ework Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ework Group
Historical stock prices
Current Share Pricekr86.70
52 Week Highkr138.00
52 Week Lowkr86.10
Beta0.75
1 Month Change-17.74%
3 Month Change-28.93%
1 Year Change-22.03%
3 Year Change26.94%
5 Year Change-19.35%
Change since IPO95.71%

Recent News & Updates

Shareholder Returns

EWRKSE Professional ServicesSE Market
7D-8.7%-3.1%-2.8%
1Y-22.0%-39.2%-29.4%

Return vs Industry: EWRK exceeded the Swedish Professional Services industry which returned -38.2% over the past year.

Return vs Market: EWRK exceeded the Swedish Market which returned -27.4% over the past year.

Price Volatility

Is EWRK's price volatile compared to industry and market?
EWRK volatility
EWRK Average Weekly Movement5.4%
Professional Services Industry Average Movement5.9%
Market Average Movement7.0%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market4.3%

Stable Share Price: EWRK is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: EWRK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000297Karin Schreilhttps://www.eworkgroup.com

Ework Group AB (publ) operates as a consultant supplier with focus on IT, telecom, technology, and business development in Sweden, Denmark, Norway, Finland, and Poland. The company was formerly known as eWork Scandinavia AB (publ) and changed its name to Ework Group AB (publ) in May 2016. The company was incorporated in 2000 and is headquartered in Stockholm, Sweden.

Ework Group Fundamentals Summary

How do Ework Group's earnings and revenue compare to its market cap?
EWRK fundamental statistics
Market Capkr1.49b
Earnings (TTM)kr112.58m
Revenue (TTM)kr14.57b

13.3x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EWRK income statement (TTM)
Revenuekr14.57b
Cost of Revenuekr14.28b
Gross Profitkr286.69m
Other Expenseskr174.11m
Earningskr112.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 20, 2022

Earnings per share (EPS)6.53
Gross Margin1.97%
Net Profit Margin0.77%
Debt/Equity Ratio133.0%

How did EWRK perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

77%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is EWRK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EWRK?

Other financial metrics that can be useful for relative valuation.

EWRK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.1x
Enterprise Value/EBITDA10.8x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does EWRK's PE Ratio compare to its peers?

EWRK PE Ratio vs Peers
The above table shows the PE ratio for EWRK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.4x
VPAB B Veteranpoolen
15xn/akr604.6m
PION B PION Group
5.7x-0.1%kr489.3m
BTS B BTS Group
19.7x14.2%kr4.7b
OGUN B Ogunsen
8.9x2.6%kr382.0m
EWRK Ework Group
13.3x8.3%kr1.5b

Price-To-Earnings vs Peers: EWRK is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (12.4x).


Price to Earnings Ratio vs Industry

How does EWRK's PE Ratio compare vs other companies in the European Professional Services Industry?

Price-To-Earnings vs Industry: EWRK is good value based on its Price-To-Earnings Ratio (13.3x) compared to the European Professional Services industry average (17.2x)


Price to Earnings Ratio vs Fair Ratio

What is EWRK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EWRK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: EWRK is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).


Share Price vs Fair Value

What is the Fair Price of EWRK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EWRK (SEK86.7) is trading below our estimate of fair value (SEK246.33)

Significantly Below Fair Value: EWRK is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Ework Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EWRK's forecast earnings growth (8.3% per year) is above the savings rate (0.4%).

Earnings vs Market: EWRK's earnings (8.3% per year) are forecast to grow slower than the Swedish market (16.7% per year).

High Growth Earnings: EWRK's earnings are forecast to grow, but not significantly.

Revenue vs Market: EWRK's revenue (8.8% per year) is forecast to grow slower than the Swedish market (10.7% per year).

High Growth Revenue: EWRK's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EWRK's Return on Equity is forecast to be very high in 3 years time (51.4%).


Discover growth companies

Past Performance

How has Ework Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EWRK has a high level of non-cash earnings.

Growing Profit Margin: EWRK's current net profit margins (0.8%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: EWRK's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: EWRK's earnings growth over the past year (54.3%) exceeds its 5-year average (4.4% per year).

Earnings vs Industry: EWRK earnings growth over the past year (54.3%) underperformed the Professional Services industry 70.2%.


Return on Equity

High ROE: Whilst EWRK's Return on Equity (64.56%) is outstanding, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Ework Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EWRK's short term assets (SEK3.9B) exceed its short term liabilities (SEK3.9B).

Long Term Liabilities: EWRK's short term assets (SEK3.9B) exceed its long term liabilities (SEK7.3M).


Debt to Equity History and Analysis

Debt Level: EWRK's net debt to equity ratio (71.4%) is considered high.

Reducing Debt: EWRK's debt to equity ratio has reduced from 140.2% to 133% over the past 5 years.

Debt Coverage: EWRK's debt is well covered by operating cash flow (30.1%).

Interest Coverage: EWRK's interest payments on its debt are well covered by EBIT (23.3x coverage).


Balance Sheet


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Dividend

What is Ework Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.77%

Current Dividend Yield

Dividend Yield vs Market

Ework Group Dividend Yield vs Market
How does Ework Group dividend yield compare to the market?
SegmentDividend Yield
Company (Ework Group)5.8%
Market Bottom 25% (SE)1.9%
Market Top 25% (SE)6.3%
Industry Average (Professional Services)6.2%
Analyst forecast in 3 Years (Ework Group)6.9%

Notable Dividend: EWRK's dividend (5.77%) is higher than the bottom 25% of dividend payers in the Swedish market (1.86%).

High Dividend: EWRK's dividend (5.77%) is low compared to the top 25% of dividend payers in the Swedish market (6.1%).


Stability and Growth of Payments

Stable Dividend: EWRK's dividend payments have been volatile in the past 10 years.

Growing Dividend: EWRK's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (76.6%), EWRK's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (167.4%), EWRK's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Karin Schreil (51 yo)

0.83yr

Tenure

kr524,000

Compensation

Ms. Karin Schreil serves as Chief Executive Officer at Ework Group AB (publ) since November 15, 2021. She served as Managing Partner of Sweden at TietoEVRY Oyj. She Joined EVRY in 2019.She had been Execut...


CEO Compensation Analysis

Karin Schreil's Compensation vs Ework Group Earnings
How has Karin Schreil's remuneration changed compared to Ework Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr113m

Mar 31 2022n/an/a

kr111m

Dec 31 2021kr524kkr427k

kr98m

Compensation vs Market: Karin's total compensation ($USD46.78K) is below average for companies of similar size in the Swedish market ($USD216.34K).

Compensation vs Earnings: Insufficient data to compare Karin's compensation with company performance.


Leadership Team

Experienced Management: EWRK's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: EWRK's board of directors are considered experienced (8.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

OM:EWRK Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Oct 21Buykr116,600Ola MaalsnesIndividual1,000kr116.60

Ownership Breakdown

What is the ownership structure of EWRK?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders754,4104.4%
General Public2,815,05516.3%
Institutions6,025,39035.0%
Private Companies7,644,82044.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 83.64% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
39.24%
Salenia AB
6,764,358SEK586.5m0%no data
18.56%
Avanza Fonder AB
3,200,015SEK277.4m0%0.81%
10.08%
Protector Forsikring ASA, Asset Management Arm
1,737,682SEK150.7m0%13.03%
2.75%
Polhavet Ab
473,962SEK41.1m0%no data
2.36%
Jippa Investment Ab
406,500SEK35.2m0%no data
2.19%
Alandsbanken Asset Management Limited
377,730SEK32.7m0%5.26%
1%
Handelsbanken Asset Management
171,658SEK14.9m0%no data
0.93%
Claes Ruthberg
160,000SEK13.9m0%no data
0.89%
Mikael Gunnarsson
153,000SEK13.3m0%no data
0.82%
Nordnet Pensionsförsäkring Ab, Asset Management Arm
141,811SEK12.3m0%0.4%
0.78%
Dan Berlin
134,859SEK11.7m0%no data
0.61%
Johan Qviberg
105,000SEK9.1m0%no data
0.58%
Zoran Covic
100,000SEK8.7m0%no data
0.58%
Investment AB Öresund (publ)
100,000SEK8.7m0%0.33%
0.52%
Xact Kapitalförvaltning AB
90,057SEK7.8m0%0.01%
0.47%
Magnus Eriksson
81,500SEK7.1m0%no data
0.45%
Dimensional Fund Advisors LP
76,747SEK6.7m1.76%no data
0.42%
FCG Fonder AB
72,051SEK6.2m0%0.33%
0.24%
SEB Investment Management AB
41,277SEK3.6m0%no data
0.058%
GAMCO Investors, Inc.
10,000SEK867.0k-16.67%no data
0.058%
Magnus Berglind
10,000SEK867.0k0%no data
0.021%
Catella FondfÖRvaltning Ab
3,600SEK312.1k0%0.01%
0.017%
Ola Maalsnes
3,000SEK260.1k0%no data
0.016%
Danske Bank A/S, Asset Management Arm
2,762SEK239.5k0%no data
0.013%
Pernilla Nilsson
2,201SEK190.8k0%no data

Company Information

Ework Group AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Ework Group AB (publ)
  • Ticker: EWRK
  • Exchange: OM
  • Founded: 2000
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: kr1.495b
  • Shares outstanding: 17.24m
  • Website: https://www.eworkgroup.com

Number of Employees


Location

  • Ework Group AB (publ)
  • MAester Samuelsgatan 60
  • Stockholm
  • Stockholm County
  • 111 21
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EWRKOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKMay 2008
0MCBLSE (London Stock Exchange)YesCommon SharesGBSEKMay 2008
EWRKSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKMay 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.