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EARLYWORKS CO LTD-ADR (ELWS) Stock Fundamental Analysis

NASDAQ:ELWS - US27030F2020 - ADR

2.82 USD
-0.02 (-0.7%)
Last: 8/26/2025, 8:26:56 PM
Fundamental Rating

2

Taking everything into account, ELWS scores 2 out of 10 in our fundamental rating. ELWS was compared to 81 industry peers in the Professional Services industry. While ELWS seems to be doing ok healthwise, there are quite some concerns on its profitability. ELWS has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year ELWS has reported negative net income.
In the past year ELWS has reported a negative cash flow from operations.
In the past 5 years ELWS always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: ELWS reported negative operating cash flow in multiple years.
ELWS Yearly Net Income VS EBIT VS OCF VS FCFELWS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 2025 0 -200M -400M -600M

1.2 Ratios

ELWS's Return On Assets of -117.40% is on the low side compared to the rest of the industry. ELWS is outperformed by 96.30% of its industry peers.
With a Return On Equity value of -202.36%, ELWS is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -117.4%
ROE -202.36%
ROIC N/A
ROA(3y)-87.67%
ROA(5y)-71.85%
ROE(3y)-183.39%
ROE(5y)-134.79%
ROIC(3y)N/A
ROIC(5y)N/A
ELWS Yearly ROA, ROE, ROICELWS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2025 -50 -100 -150 -200 -250

1.3 Margins

ELWS has a Gross Margin of 67.91%. This is amongst the best in the industry. ELWS outperforms 81.48% of its industry peers.
In the last couple of years the Gross Margin of ELWS has declined.
ELWS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 67.91%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-12.52%
GM growth 5YN/A
ELWS Yearly Profit, Operating, Gross MarginsELWS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 2025 0 -200 -400 -600 -800

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5

2. Health

2.1 Basic Checks

ELWS does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ELWS has about the same amount of shares outstanding.
The debt/assets ratio for ELWS has been reduced compared to a year ago.
ELWS Yearly Shares OutstandingELWS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 2025 1M 2M 3M
ELWS Yearly Total Debt VS Total AssetsELWS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of -5.25, we must say that ELWS is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -5.25, ELWS is doing worse than 91.36% of the companies in the same industry.
ELWS has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
ELWS has a better Debt to Equity ratio (0.19) than 62.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF N/A
Altman-Z -5.25
ROIC/WACCN/A
WACC1.99%
ELWS Yearly LT Debt VS Equity VS FCFELWS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

2.3 Liquidity

A Current Ratio of 2.87 indicates that ELWS has no problem at all paying its short term obligations.
ELWS has a better Current ratio (2.87) than 85.19% of its industry peers.
ELWS has a Quick Ratio of 2.87. This indicates that ELWS is financially healthy and has no problem in meeting its short term obligations.
ELWS has a Quick ratio of 2.87. This is amongst the best in the industry. ELWS outperforms 86.42% of its industry peers.
Industry RankSector Rank
Current Ratio 2.87
Quick Ratio 2.87
ELWS Yearly Current Assets VS Current LiabilitesELWS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 2025 200M 400M 600M

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1

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 86.78% over the past year.
Looking at the last year, ELWS shows a very strong growth in Revenue. The Revenue has grown by 183.15%.
The Revenue has been decreasing by -1.85% on average over the past years.
EPS 1Y (TTM)86.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%85.78%
Revenue 1Y (TTM)183.15%
Revenue growth 3Y-1.85%
Revenue growth 5YN/A
Sales Q2Q%144.46%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ELWS Yearly Revenue VS EstimatesELWS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 100M 200M 300M 400M

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for ELWS. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ELWS Price Earnings VS Forward Price EarningsELWS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ELWS Per share dataELWS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

ELWS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EARLYWORKS CO LTD-ADR

NASDAQ:ELWS (8/26/2025, 8:26:56 PM)

2.82

-0.02 (-0.7%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners0.8%
Inst Owner Change-26.28%
Ins Owners36.23%
Ins Owner ChangeN/A
Market Cap8.50M
AnalystsN/A
Price TargetN/A
Short Float %8.31%
Short Ratio0.06
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.1
P/FCF N/A
P/OCF N/A
P/B 5.68
P/tB 5.68
EV/EBITDA N/A
EPS(TTM)-0.8
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.81
FCFYN/A
OCF(TTM)-0.73
OCFYN/A
SpS0.91
BVpS0.5
TBVpS0.5
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -117.4%
ROE -202.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 67.91%
FCFM N/A
ROA(3y)-87.67%
ROA(5y)-71.85%
ROE(3y)-183.39%
ROE(5y)-134.79%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-12.52%
GM growth 5YN/A
F-Score4
Asset Turnover1.06
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 3220.86%
Cap/Sales 7.95%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.87
Quick Ratio 2.87
Altman-Z -5.25
F-Score4
WACC1.99%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)86.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%85.78%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)183.15%
Revenue growth 3Y-1.85%
Revenue growth 5YN/A
Sales Q2Q%144.46%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y20.56%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.79%
OCF growth 3YN/A
OCF growth 5YN/A