eWeLL Co Ltd
eWeLL Co Ltd provides software solutions focused on healthcare technology, generating revenue primarily through the development and licensing of its software products.
Business. eWeLL Co Ltd (5038.T) is a software company operating within the Technology sector, specifically focused on software development and services. The firm utilizes a subscription-based revenue model, aligning with industry standards for tracking metrics such as annual recurring revenue and net revenue retention. As no specific operating segments or geographic breakdowns are provided, the company is described at the industry level. eWeLL Co Ltd is primarily listed under the ticker 5038.T.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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- Peers
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated · ServiceNow (NOW)
- EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
eWeLL Co Ltd (5038.T) is a software company operating within the Technology sector, specifically focused on software development and services. The firm utilizes a subscription-based revenue model, aligning with industry standards for tracking metrics such as annual recurring revenue and net revenue retention. As no specific operating segments or geographic breakdowns are provided, the company is described at the industry level. eWeLL Co Ltd is primarily listed under the ticker 5038.T.
eWeLL maintains a strong liquidity position, with cash and equivalents amounting to ¥15.19 billion, representing 59.2% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, with a current ratio of 3.93 and a debt-to-equity ratio of 0.05, indicating minimal leverage and strong financial flexibility.
Profitability metrics show a return on equity (ROE) of 10.48% and a return on assets (ROA) of 7.97%, both exceeding the typical thresholds for the software industry. However, the company's price-to-earnings (P/E) ratio of 133.91 is significantly higher than the median for the sector, suggesting a premium valuation relative to earnings.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financial report. This lack of segment or geographic diversification increases exposure to market-specific risks, particularly in the healthcare technology sector.
Looking ahead, eWeLL is projected to maintain a stable revenue trajectory, with no significant growth or decline expected in the next fiscal year. Capital expenditures have been negative in the latest period, indicating a focus on cost optimization rather than expansion.
Risk factors remain low, with no immediate liquidity or dilution concerns identified. The company has not issued any new shares in the past year, and the dilution potential remains minimal. However, the high P/E ratio suggests that earnings performance will be a key driver of valuation stability.
Recent filings and transcripts do not indicate any material changes in the company's strategic direction or financial outlook. Analysts have assigned a mean price target of ¥3,140, with a single "buy" recommendation and no "strong buy" or "hold" ratings, suggesting cautious optimism.
- eWeLL maintains a strong liquidity position with a current ratio of 3.93 and minimal debt.
- The company's ROE of 10.48% and ROA of 7.97% indicate solid profitability.
- A P/E ratio of 133.91 suggests a premium valuation relative to earnings.
- Revenue is concentrated in a single segment, increasing exposure to market-specific risks.
- Analysts have assigned a mean price target of ¥3,140, with a single "buy" recommendation.
Bull / Bear case
Generated · model-assistedThe single analyst consensus price target of 3,140 JPY implies 79.7% upside from the current market price.
The company eliminated long-term debt by FY2025, reducing leverage to zero and strengthening the balance sheet.
Cash conversion ratio of 1.46 exceeds the software cohort median of 0.92, indicating strong earnings quality.
The four-year revenue CAGR of -7.1% indicates a persistent long-term decline in the company's business scale.
Capital expenditure intensity of -6.6% is below the software cohort median, potentially limiting future growth capacity.
In focus — financials by report
Revenue ¥953.9M, +26,5% YoY; Operating income +15,3% YoY.
- ▍Revenue ¥953.9M, +26,5% YoY
- ▍Operating income +15,3% YoY
- ▍Net income +16,5% YoY
- ▍Net margin 32.0%
Revenue ¥918.6M, +29,1% YoY; Operating income +9,3% YoY.
- ▍Revenue ¥918.6M, +29,1% YoY
- ▍Operating income +9,3% YoY
- ▍Net income +11,7% YoY
- ▍Net margin 27.8%
Revenue ¥870.7M, +33,0% YoY; Operating income +38,1% YoY.
- ▍Revenue ¥870.7M, +33,0% YoY
- ▍Operating income +38,1% YoY
- ▍Net income +33,3% YoY
- ▍Net margin 32.7%
Revenue ¥849.1M, +34,6% YoY; Operating income +39,9% YoY.
- ▍Revenue ¥849.1M, +34,6% YoY
- ▍Operating income +39,9% YoY
- ▍Net income +39,8% YoY
- ▍Net margin 33.7%
Revenue ¥754.1M; Operating income ¥376.8M.
- ▍Revenue ¥754.1M
- ▍Operating income ¥376.8M
- ▍Net margin 34.7%
Revenue ¥711.6M; Operating income ¥312.5M.
- ▍Revenue ¥711.6M
- ▍Operating income ¥312.5M
- ▍Net margin 32.2%
Revenue ¥654.5M; Operating income ¥295.1M.
- ▍Revenue ¥654.5M
- ▍Operating income ¥295.1M
- ▍Net margin 32.6%
Revenue ¥630.7M; Operating income ¥294.3M.
- ▍Revenue ¥630.7M
- ▍Operating income ¥294.3M
- ▍Net margin 32.4%
Revenue ¥3.39B, +31,9% YoY; Operating income +35,4% YoY.
- ▍Revenue ¥3.39B, +31,9% YoY
- ▍Operating income +35,4% YoY
- ▍Net income +34,6% YoY
- ▍Free cash flow +34,7% YoY
- ▍Net margin 32.1%
Revenue ¥2.57B, +24,3% YoY; Operating income +25,0% YoY.
- ▍Revenue ¥2.57B, +24,3% YoY
- ▍Operating income +25,0% YoY
- ▍Net income +31,9% YoY
- ▍Free cash flow +91,9% YoY
- ▍Net margin 31.4%
Revenue ¥2.07B, +29,1% YoY; Operating income +31,2% YoY.
- ▍Revenue ¥2.07B, +29,1% YoY
- ▍Operating income +31,2% YoY
- ▍Net income +36,3% YoY
- ▍Free cash flow −15,7% YoY
- ▍Net margin 29.6%
Revenue ¥1.60B, +34,4% YoY; Operating income +72,4% YoY.
- ▍Revenue ¥1.60B, +34,4% YoY
- ▍Operating income +72,4% YoY
- ▍Net income +32,1% YoY
- ▍Free cash flow +40,7% YoY
- ▍Net margin 28.0%
Valuation TTM
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 89,35 |
| Revenue | —no estimate | —no estimate | 4,2B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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- No immediate filing-based liquidity or dilution flags were detected.
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- eWeLL Co Ltd Market data — financials · 2026-05-26
- eWeLL Co Ltd Market data — analyst estimates · 2026-05-26