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1. Company Snapshot

1.a. Company Description

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.

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1.b. Last Insights on EWRK

Ework Group AB's recent strength is driven by its attractive dividend yield, appealing to investors seeking stability and income amidst market volatility. The company's steady cash flow generation and solid financial position support its dividend payments. Additionally, Ework's recent acquisition of a Swedish IT consulting firm expanded its service offerings and enhanced its competitive position, potentially driving future growth.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Ework Group (OM:EWRK): Earnings Growth Outlook Challenges Low Valuation Narrative

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.00%)

6. Segments

Consultancy Services

Expected Growth: 4%

Ework Group AB's consultancy services growth is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity expertise. Strong client relationships, strategic partnerships, and expansion into new markets also contribute to growth. Additionally, the company's ability to attract and retain top talent, invest in innovative solutions, and provide cost-effective services further fuels growth.

7. Detailed Products

Ework

Ework is a digital platform that connects clients with freelancers and consultants, offering a range of services including IT, technology, and business consulting.

Amesto Nextbridge

Amesto Nextbridge is a consulting firm that provides strategic advisory services, change management, and IT consulting to businesses.

Antenor

Antenor is a consulting firm that specializes in IT consulting, system integration, and digital transformation.

PCG

PCG is a consulting firm that provides IT consulting, system integration, and digital transformation services to businesses.

8. Ework Group AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Ework Group AB (publ) is medium due to the presence of alternative freelance platforms and staffing agencies that offer similar services.

Bargaining Power Of Customers

The bargaining power of customers is low due to the specialized nature of Ework Group AB (publ)'s services, which makes it difficult for customers to negotiate prices or switch to alternative providers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of multiple suppliers of freelance talent, but the company's scale and reputation give it some negotiating power.

Threat Of New Entrants

The threat of new entrants is high due to the relatively low barriers to entry in the freelance platform market, and the potential for new entrants to disrupt the market with innovative business models.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the freelance platform market, and the need for Ework Group AB (publ) to differentiate itself through its services and pricing.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 48.15%
Debt Cost 7.72%
Equity Weight 51.85%
Equity Cost 7.72%
WACC 7.72%
Leverage 92.86%

11. Quality Control: Ework Group AB (publ) passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Brunel International

A-Score: 6.1/10

Value: 6.8

Growth: 6.1

Quality: 5.2

Yield: 8.8

Momentum: 3.0

Volatility: 6.7

1-Year Total Return ->

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Grupa Pracuj

A-Score: 6.0/10

Value: 3.1

Growth: 5.4

Quality: 8.7

Yield: 6.9

Momentum: 8.0

Volatility: 3.7

1-Year Total Return ->

Stock-Card
Amadeus FiRe

A-Score: 5.0/10

Value: 6.0

Growth: 5.3

Quality: 6.0

Yield: 8.1

Momentum: 0.5

Volatility: 4.0

1-Year Total Return ->

Stock-Card
Ework

A-Score: 4.9/10

Value: 6.1

Growth: 7.3

Quality: 4.5

Yield: 8.8

Momentum: 0.5

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Robert Walters

A-Score: 3.8/10

Value: 7.8

Growth: 2.3

Quality: 2.5

Yield: 8.8

Momentum: 0.0

Volatility: 1.7

1-Year Total Return ->

Stock-Card
Hays

A-Score: 3.8/10

Value: 6.7

Growth: 1.9

Quality: 2.8

Yield: 6.2

Momentum: 1.0

Volatility: 4.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

98.4$

Current Price

98.4$

Potential

-0.00%

Expected Cash-Flows