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Ework Group

Ework Group

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Financials

SEKm 2024 2025e 2026e
Sales 15955 16633 18151
Sales growth (%) -7,5 4,2 9,1
EBITDA 253 291 331
EBITDA margin (%) 1,6 1,7 1,8
EBIT adj. 218 245 285
EBIT adj. margin (%) 1,4 1,5 1,6
Pretax profit 190 228 270
EPS 8,73 10,48 12,43
EPS growth (%) 16,5 20,1 18,7
EPS adj. 9,22 10,48 12,43
DPS 7,5 8,5 10
EV/EBITDA (x) 9,9 8,3 7,1
EV/EBIT adj. (x) 11,4 9,9 8,3
P/E (x) 15,9 13,2 11,2
P/E adj. (x) 15,1 13,2 11,2
EV/sales (x) 0,16 0,14 0,13
FCF yield (%) 6,2 9,5 9
Le. adj. FCF yld. (%) 5,3 8,6 8,1
Dividend yield (%) 5,4 6,1 7,2
Net IB debt/EBITDA (x) 0,4 0,1 -0,1
Le. adj. ND/EBITDA (x) 0,3 -0,1 -0,2
SEKm 2024 2025e 2026e
Sales 15955 16633 18151
COGS -15338 -15965 -17419
Gross profit 618 669 731
Other operating items -365 -378 -400
EBITDA 253 291 331
Depreciation and amortisation -45 -46 -46
of which leasing depreciation -21 -21 -21
EBITA 207 245 285
EO Items -11 0 0
Impairment and PPA amortisation 0 0 0
EBIT 207 245 285
Net financial items -18 -17 -15
Pretax profit 190 228 270
Tax -39 -47 -56
Net profit 150 181 214
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 150 181 214
EPS 8,73 10,48 12,43
EPS adj. 9,22 10,48 12,43
Total extraordinary items after tax -9 0 0
Leasing payments -21 -21 -21
Tax rate (%) 20,7 20,7 20,7
Gross margin (%) 3,9 4 4
EBITDA margin (%) 1,6 1,7 1,8
EBITA margin (%) 1,3 1,5 1,6
EBIT margin (%) 1,3 1,5 1,6
Pre-tax margin (%) 1,2 1,4 1,5
Net margin (%) 0,9 1,1 1,2
Sales growth (%) -7,5 4,2 9,1
EBITDA growth (%) 7 15,1 13,9
EBITA growth (%) 6,5 18 16,5
EBIT growth (%) 6,5 18 16,5
Net profit growth (%) 16,5 20,1 18,7
EPS growth (%) 16,5 20,1 18,7
Profitability N/A N/A N/A
ROE (%) 50,8 53,5 54
ROE adj. (%) 53,7 53,5 54
ROCE (%) 36,8 44,2 47
ROCE adj. (%) 38,9 44,2 47
ROIC (%) 40,8 49,2 57,8
ROIC adj. (%) 42,9 49,2 57,8
Adj. earnings numbers N/A N/A N/A
EBITDA adj. 263 291 331
EBITDA adj. margin (%) 1,7 1,7 1,8
EBITDA lease adj. 243 270 310
EBITDA lease adj. margin (%) 1,5 1,6 1,7
EBITA adj. 218 245 285
EBITA adj. margin (%) 1,4 1,5 1,6
EBIT adj. 218 245 285
EBIT adj. margin (%) 1,4 1,5 1,6
Pretax profit Adj. 201 228 270
Net profit Adj. 159 181 214
Net profit to shareholders adj. 159 181 214
Net adj. margin (%) 1 1,1 1,2
SEKm 2024 2025e 2026e
EBITDA 253 291 331
Goodwill 0 0 0
Net financial items -18 -17 -15
Other intangible assets 59 54 50
Paid tax -39 -47 -56
Tangible fixed assets 4 4 5
Non-cash items -7 0 0
Right-of-use asset 34 34 34
Cash flow before change in WC 189 227 260
Total other fixed assets 15 15 15
Change in working capital -24 21 -23
Fixed assets 112 107 104
Operating cash flow 165 248 237
Inventories 0 0 0
Capex tangible fixed assets -1 -3 -3
Receivables 3561 3771 4115
Capex intangible fixed assets -17 -17 -19
Other current assets 67 67 67
Acquisitions and Disposals 0 0 0
Cash and liquid assets 68 145 193
Free cash flow 147 228 215
Total assets 3808 4090 4479
Dividend paid -121 -129 -147
Shareholders equity 312 363 431
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation -21 -21 -21
Total equity 312 363 431
Other non-cash items 17 0 0
Long-term debt 0 0 0
Pension debt 0 0 0
Convertible debt 0 0 0
Leasing liability 32 32 32
Total other long-term liabilities 0 0 0
Short-term debt 146 146 146
Accounts payable 3232 3460 3775
Other current liabilities 87 89 95
Total liabilities and equity 3808 4090 4479
Net IB debt 96 18 -30
Net IB debt excl. pension debt 96 18 -30
Net IB debt excl. leasing 63 -14 -62
Capital employed 490 541 609
Capital invested 407 381 401
Working capital 310 289 312
Market cap. diluted (m) 2393 2393 2393
Net IB debt adj. 96 18 -30
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 2489 2411 2363
Total assets turnover (%) 401,6 421,2 423,6
Working capital/sales (%) 1,8 1,8 1,7
Financial risk and debt service N/A N/A N/A
Net debt/equity (%) 30,7 5 -6,9
Net debt / market cap (%) 4 0,8 -1,2
Equity ratio (%) 8,2 8,9 9,6
Net IB debt adj. / equity (%) 30,7 5 -6,9
Current ratio 1,07 1,08 1,09
EBITDA/net interest 14,3 17,1 22,1
Net IB debt/EBITDA (x) 0,4 0,1 -0,1
Net IB debt/EBITDA lease adj. (x) 0,3 -0,1 -0,2
Interest coverage N/A N/A N/A
SEKm 2024 2025e 2026e
Shares outstanding adj. 17 17 17
Diluted shares adj. 17 17 17
EPS 8,73 10,48 12,43
Dividend per share 7,5 8,5 10
EPS adj. 9,22 10,48 12,43
BVPS 18,09 21,06 24,99
BVPS adj. 14,66 17,94 22,09
Net IB debt/share 5,55 1,06 -1,71
Share price 138,8 138,8 138,8
Market cap. (m) 2393 2393 2393
P/E (x) 15,9 13,2 11,2
EV/sales (x) 0,16 0,14 0,13
EV/EBITDA (x) 9,9 8,3 7,1
EV/EBITA (x) 12 9,9 8,3
EV/EBIT (x) 12 9,9 8,3
Dividend yield (%) 5,4 6,1 7,2
FCF yield (%) 6,2 9,5 9
Le. adj. FCF yld. (%) 5,3 8,6 8,1
P/BVPS (x) 7,67 6,59 5,55
P/BVPS adj. (x) 7,67 6,59 5,55
P/E adj. (x) 15,1 13,2 11,2
EV/EBITDA adj. (x) 9,4 8,3 7,1
EV/EBITA adj. (x) 11,4 9,9 8,3
EV/EBIT adj. (x) 11,4 9,9 8,3
EV/CE (x) 5,1 4,5 3,9
Investment ratios N/A N/A N/A
Capex/sales (%) 0,1 0,1 0,1
Capex/depreciation 0,7 0,8 0,9
Capex tangibles / tangible fixed assets 13 68,1 65,3
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intang / def. intang N/A N/A N/A
Depreciation on tangibles / tangibles 87,13 85,11 74,17

Key Figure Counter

It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.

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P/E

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A common valuation multiple, the share price is divided by earnings per share.

P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

11,2

EV/EBIT

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EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. 

EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.

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8,2

EV/Sales

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EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. S is the company's total sales.

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0,1

P/BVPS

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P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

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5,5