Consultancy broker

eWork

Ework is a consultancy broker that aims to help companies find the right person for the right project. The company’s core is its database, consisting of more than 100,000 consultants. These consultants are not employed by Ework, instead, the company’s objective is to link them to the optimal project. This saves administration, increases effectiveness and saves time for both partners. Ework generates its revenues by taking a cut of the contract’s total sum. The business is conducted in five different countries, whereas the primary market is Sweden.

Financials

EWORK

SEKm 2017 2018 2019
Sales 9503 11065 12621
Sales growth (%) 25,3 16,4 14,1
EBITDA 108 113 164
EBITDA margin (%) 1,1 1 1,3
EBIT adj 106 107 156
EBIT adj margin (%) 1,1 1 1,2
Pretax profit 106 102 149
EPS rep 4,65 4,51 6,64
EPS growth (%) 10 -3 47,2
EPS adj 4,65 4,51 6,64
DPS 4,5 4,75 5,25
EV/EBITDA (x) 18,3 14,7 10
EV/EBIT adj (x) 18,6 15,6 10,5
P/E (x) 22,7 18,7 12,7
P/E adj (x) 22,7 18,7 12,7
EV/sales (x) 0,2 0,2 0,1
FCF yield (%) 2,9 1,4 8,1
Dividend yield (%) 4,3 5,6 6,2
Net IB debt/EBITDA 1,4 1,8 1

Main shareholders

eWork

Main shareholders Share capital % Voting shares %
Staffan Salén 26.6 % 26.6 %
Avanza Pension 18.0 % 18.0 %
Investment AB Öresund 10.6 % 10.6 %
Protector Forsikring ASA 6.8 % 6.8 %
Katarina Salén 2.7 % 2.7 %
Patrik Salén 2.3 % 2.3 %
Jan Pettersson 2.1 % 2.1 %
Erik Åfors 1.6 % 1.6 %
Veralda Investment Ltd 1.5 % 1.5 %
Elementa Management 1.3 % 1.3 %