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EARLYWORKS CO LTD-ADR (ELWS) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:ELWS - US27030F2020 - ADR

5.92 USD
+0.96 (+19.35%)
Last: 12/30/2025, 4:42:22 PM
5.5 USD
-0.42 (-7.09%)
After Hours: 12/30/2025, 4:42:22 PM
Fundamental Rating

1

Overall ELWS gets a fundamental rating of 1 out of 10. We evaluated ELWS against 86 industry peers in the Professional Services industry. Both the profitability and financial health of ELWS have multiple concerns. ELWS does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

ELWS had negative earnings in the past year.
ELWS had a negative operating cash flow in the past year.
ELWS had negative earnings in each of the past 5 years.
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

Looking at the Return On Assets, with a value of -192.58%, ELWS is doing worse than 93.02% of the companies in the same industry.
With a Return On Equity value of -495.57%, ELWS is not doing good in the industry: 88.37% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -192.58%
ROE -495.57%
ROIC N/A
ROA(3y)-92.51%
ROA(5y)-74.76%
ROE(3y)-210.58%
ROE(5y)-151.11%
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 -100 -200 -300

1.3 Margins

ELWS has a Gross Margin of 54.09%. This is in the better half of the industry: ELWS outperforms 70.93% of its industry peers.
ELWS's Gross Margin has declined in the last couple of years.
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 54.09%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-12.37%
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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3

2. Health

2.1 Basic Checks

ELWS does not have a ROIC to compare to the WACC, probably because it is not profitable.
ELWS has about the same amout of shares outstanding than it did 1 year ago.
ELWS has a better debt/assets ratio than last year.
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

ELWS has an Altman-Z score of -6.06. This is a bad value and indicates that ELWS is not financially healthy and even has some risk of bankruptcy.
ELWS's Altman-Z score of -6.06 is on the low side compared to the rest of the industry. ELWS is outperformed by 89.53% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that ELWS is not too dependend on debt financing.
ELWS's Debt to Equity ratio of 0.46 is in line compared to the rest of the industry. ELWS outperforms 48.84% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF N/A
Altman-Z -6.06
ROIC/WACCN/A
WACC2.84%
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

ELWS has a Current Ratio of 1.74. This is a normal value and indicates that ELWS is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.74, ELWS is doing good in the industry, outperforming 60.47% of the companies in the same industry.
A Quick Ratio of 1.74 indicates that ELWS should not have too much problems paying its short term obligations.
ELWS's Quick ratio of 1.74 is fine compared to the rest of the industry. ELWS outperforms 61.63% of its industry peers.
Industry RankSector Rank
Current Ratio 1.74
Quick Ratio 1.74
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 86.31% over the past year.
ELWS shows a strong growth in Revenue. In the last year, the Revenue has grown by 183.97%.
Measured over the past years, ELWS shows a decrease in Revenue. The Revenue has been decreasing by -1.71% on average per year.
EPS 1Y (TTM)86.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%85.04%
Revenue 1Y (TTM)183.97%
Revenue growth 3Y-1.71%
Revenue growth 5YN/A
Sales Q2Q%145.52%

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 1

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 0%

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EARLYWORKS CO LTD-ADR

NASDAQ:ELWS (12/30/2025, 4:42:22 PM)

After market: 5.5 -0.42 (-7.09%)

5.92

+0.96 (+19.35%)

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 Owners1.14%
Inst Owner Change93.67%
Ins Owners36.23%
Ins Owner ChangeN/A
Market Cap18.06M
Revenue(TTM)665.34M
Net Income(TTM)-366.86M
AnalystsN/A
Price TargetN/A
Short Float %0.43%
Short Ratio0.19
Dividend
Industry RankSector Rank
Dividend Yield 0%
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 4.24
P/FCF N/A
P/OCF N/A
P/B 38.14
P/tB 44.53
EV/EBITDA N/A
EPS(TTM)-0.77
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)-0.4
OCFYN/A
SpS1.39
BVpS0.16
TBVpS0.13
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -192.58%
ROE -495.57%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 54.09%
FCFM N/A
ROA(3y)-92.51%
ROA(5y)-74.76%
ROE(3y)-210.58%
ROE(5y)-151.11%
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
ROICexgc growth 3YN/A
ROICexgc 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-12.37%
GM growth 5YN/A
F-Score2
Asset Turnover3.49
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1606.05%
Cap/Sales 4.84%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.74
Quick Ratio 1.74
Altman-Z -6.06
F-Score2
WACC2.84%
ROIC/WACCN/A
Cap/Depr(3y)615.36%
Cap/Depr(5y)612.41%
Cap/Sales(3y)3.67%
Cap/Sales(5y)2.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)86.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%85.04%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)183.97%
Revenue growth 3Y-1.71%
Revenue growth 5YN/A
Sales Q2Q%145.52%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y42.12%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y43.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y51.32%
OCF growth 3YN/A
OCF growth 5YN/A

EARLYWORKS CO LTD-ADR / ELWS FAQ

What is the fundamental rating for ELWS stock?

ChartMill assigns a fundamental rating of 1 / 10 to ELWS.


What is the valuation status for ELWS stock?

ChartMill assigns a valuation rating of 0 / 10 to EARLYWORKS CO LTD-ADR (ELWS). This can be considered as Overvalued.


What is the profitability of ELWS stock?

EARLYWORKS CO LTD-ADR (ELWS) has a profitability rating of 1 / 10.