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EARLYWORKS CO LTD-ADR (ELWS) Stock Fundamental Analysis

USA - NASDAQ:ELWS - US27030F2020 - ADR

4.23 USD
+0.01 (+0.24%)
Last: 10/28/2025, 5:49:08 PM
4.19 USD
-0.04 (-0.95%)
After Hours: 10/28/2025, 5:49:08 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to ELWS. ELWS was compared to 86 industry peers in the Professional Services industry. ELWS scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 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

In the past year ELWS has reported negative net income.
ELWS had a negative operating cash flow in the past year.
ELWS had negative earnings in each of the past 5 years.
In multiple years ELWS reported negative operating cash flow during the last 5 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 has a Return On Assets of -117.40%. This is amonst the worse of the industry: ELWS underperforms 91.86% of its industry peers.
ELWS has a Return On Equity of -202.36%. This is amonst the worse of the industry: ELWS underperforms 86.05% of its industry peers.
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

The Gross Margin of ELWS (67.91%) is better than 81.40% 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.
The number of shares outstanding for ELWS remains at a similar level compared to 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 -2.56. This is a bad value and indicates that ELWS is not financially healthy and even has some risk of bankruptcy.
ELWS has a worse Altman-Z score (-2.56) than 84.88% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that ELWS is not too dependend on debt financing.
ELWS has a better Debt to Equity ratio (0.19) than 62.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF N/A
Altman-Z -2.56
ROIC/WACCN/A
WACC2.25%
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's Current ratio of 2.87 is amongst the best of the industry. ELWS outperforms 83.72% 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.
Looking at the Quick ratio, with a value of 2.87, ELWS belongs to the top of the industry, outperforming 87.21% of the companies in the same industry.
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.
ELWS shows a strong growth in Revenue. In the last year, the Revenue has grown by 183.15%.
ELWS shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.85% yearly.
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

ELWS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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

No dividends for ELWS!.
Industry RankSector Rank
Dividend Yield N/A

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EARLYWORKS CO LTD-ADR

NASDAQ:ELWS (10/28/2025, 5:49:08 PM)

After market: 4.19 -0.04 (-0.95%)

4.23

+0.01 (+0.24%)

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 Owners0.59%
Inst Owner Change0%
Ins Owners36.23%
Ins Owner ChangeN/A
Market Cap12.90M
Revenue(TTM)663.43M
Net Income(TTM)-446316300
AnalystsN/A
Price TargetN/A
Short Float %1.22%
Short Ratio0.05
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 4.88
P/FCF N/A
P/OCF N/A
P/B 8.94
P/tB 8.94
EV/EBITDA N/A
EPS(TTM)-0.76
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)-0.7
OCFYN/A
SpS0.87
BVpS0.47
TBVpS0.47
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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
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-12.52%
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 -2.56
F-Score4
WACC2.25%
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

EARLYWORKS CO LTD-ADR / ELWS FAQ

What is the fundamental rating for ELWS stock?

ChartMill assigns a fundamental rating of 2 / 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.