New Risk • Jun 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$139.4m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (AU$4.0m sold). Market cap is less than US$100m (AU$139.4m market cap, or US$99.9m). Board Change • May 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director & Founder Shaun Di Gregorio is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director & Founder Shaun Di Gregorio is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 24
Shaun Di Gregorio Steps Down as Director of Frontier Digital Ventures Limited, Effective May 27, 2026 Frontier Digital Ventures Limited announced that Mr. Shaun Di Gregorio will step down as a Director of the Company, effective at the close of the Company’s 2026 Annual General Meeting on May 27, 2026. Annuncio • Mar 28
Frontier Digital Ventures Limited, Annual General Meeting, May 27, 2026 Frontier Digital Ventures Limited, Annual General Meeting, May 27, 2026, at 16:00 Singapore Standard Time. Location: at 39-8 the boulevard, mid valley city, lingkaran syed putra, 59200 kuala lumpur, and web livestream, Malaysia Board Change • Dec 24
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director & Founder Shaun Di Gregorio is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 17
Frontier Digital Ventures Limited, Annual General Meeting, May 22, 2025 Frontier Digital Ventures Limited, Annual General Meeting, May 22, 2025, at 14:00 Singapore Standard Time. Location: 39-8 the boulevard, mid valley city, lingkaran syed putra, 59200 kuala lumpur, Malaysia Annuncio • Feb 24
Frontier Digital Ventures Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 Frontier Digital Ventures Limited announced that they will report fiscal year 2024 results Pre-Market on Feb 28, 2025 Annuncio • Aug 23
Frontier Digital Ventures Limited to Report First Half, 2024 Results on Aug 28, 2024 Frontier Digital Ventures Limited announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Aug 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to AU$0.37. The fair value is estimated to be AU$0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 73% in the next year. Buy Or Sell Opportunity • Mar 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to AU$0.51. The fair value is estimated to be AU$0.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 72% in the next year. New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$100k net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • Feb 29
Full year 2023 earnings released: AU$0.021 loss per share (vs AU$0.027 loss in FY 2022) Full year 2023 results: AU$0.021 loss per share (improved from AU$0.027 loss in FY 2022). Revenue: AU$67.9m (up 15% from FY 2022). Net loss: AU$8.60m (loss narrowed 16% from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Feb 28
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$11m Forecast net loss in 2 years: AU$447k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$447k net loss in 2 years). Shareholders have been diluted in the past year (14% increase in shares outstanding). Annuncio • Feb 22
Frontier Digital Ventures Limited to Report Fiscal Year 2023 Results on Feb 28, 2024 Frontier Digital Ventures Limited announced that they will report fiscal year 2023 results Pre-Market on Feb 28, 2024 Annuncio • Feb 12
Frontier Digital Ventures Ltd Appoints Anthony Saines as an Independent Non-Executive Director, Effective 1 March, 2024 Frontier Digital Ventures Ltd. announced the appointment of Anthony Saines as an independent non-executive director of the Company, effective 1 March, 2024. Mr. Saines has over 17 years of experience leading classified marketplace businesses, including over 10 years at Carsales.com serving as a Managing Director - Commercial. At Carsales.com, Mr. Saines was responsible for the business-to-business commercial operations, including the OEM, Dealer & Media, and Data, Insights & Product teams. Mr. Saines also served as General Manager with Sensis, a platform of classifieds products and digital marketing services. Mr. Saines is currently an Advisor with the Advisory Board Centre, an organisation which supports entrepreneurs through the provision of advisory board services. Within Advisory Board Centre, Mr. Saines specializes in the areas of online media & marketplaces, digital disruption & transformation, and growth. Additionally, he is a Growth Advisor & Non-executive Director at Fusion SD, a leading provider of CRM software for the automotive industry. Mr. Saines was also previously on the board of IAB Australia, the peak trade association for online advertising in Australia, as well as Listing Loop, an Australian off-market real estate marketplace. New Risk • Aug 30
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: AU$11m Forecast net loss in 1 year: AU$2.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.4m net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Annuncio • Aug 22
Frontier Digital Ventures Limited to Report First Half, 2023 Results on Aug 29, 2023 Frontier Digital Ventures Limited announced that they will report first half, 2023 results on Aug 29, 2023 New Risk • Aug 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$151.6m (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$151.6m market cap, or US$97.3m). Reported Earnings • Mar 01
Full year 2022 earnings released: AU$0.028 loss per share (vs AU$0.044 loss in FY 2021) Full year 2022 results: AU$0.028 loss per share (improved from AU$0.044 loss in FY 2021). Revenue: AU$59.2m (up 15% from FY 2021). Net loss: AU$10.5m (loss narrowed 30% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Jan 31
No longer forecast to breakeven The 2 analysts covering Frontier Digital Ventures no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.05m in 2024. New consensus forecast suggests the company will make a loss of AU$3.30m in 2024. Reported Earnings • Aug 25
First half 2022 earnings released: AU$0.023 loss per share (vs AU$0.013 loss in 1H 2021) First half 2022 results: AU$0.023 loss per share (down from AU$0.013 loss in 1H 2021). Revenue: AU$29.2m (up 35% from 1H 2021). Net loss: AU$8.73m (loss widened 102% from 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 12% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 06
Independent Non-Executive Chairman recently bought AU$77k worth of stock On the 3rd of May, Anthony Klok bought around 75k shares on-market at roughly AU$1.03 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Breakeven Date Change • May 01
Forecast breakeven date pushed back to 2024 The analyst covering Frontier Digital Ventures previously expected the company to break even in 2023. New forecast suggests losses will reduce by 45% per year to 2023. The company is expected to make a profit of AU$2.40m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Reported Earnings • Apr 04
Full year 2021 earnings released: AU$0.044 loss per share (vs AU$0.047 loss in FY 2020) Full year 2021 results: AU$0.044 loss per share. Revenue: AU$51.4m (up 147% from FY 2020). Net loss: AU$15.1m (loss widened 17% from FY 2020). Over the next year, revenue is forecast to grow 39%, compared to a 6.7% growth forecast for the industry in Australia. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: AU$0.044 loss per share (up from AU$0.047 loss in FY 2020). Revenue: AU$51.4m (up 147% from FY 2020). Net loss: AU$15.1m (loss widened 17% from FY 2020). Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 39%, compared to a 6.7% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Breakeven Date Change • Jan 30
No longer forecast to breakeven The 2 analysts covering Frontier Digital Ventures no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$2.55m in 2023. New consensus forecast suggests the company will make a loss of AU$1.58m in 2023. Board Change • Dec 31
High number of new directors Independent Non-Executive Director Frances Po was the last director to join the board, commencing their role in 2021. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The 2 analysts covering Frontier Digital Ventures expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$2.55m in 2023. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Aug 28
First half 2021 earnings released: AU$0.013 loss per share (vs AU$0.014 profit in 1H 2020) The company reported a decent first half result with improved revenues, although earnings and control over costs were weaker. First half 2021 results: Revenue: AU$21.6m (up 160% from 1H 2020). Net loss: AU$4.33m (down 225% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: AU$20.8m (up 36% from FY 2019). Net loss: AU$13.2m (loss widened AU$11.7m from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 135%, compared to a 14% growth forecast for the Interactive Media and Services industry in Australia. Is New 90 Day High Low • Feb 20
New 90-day low: AU$1.36 The company is down 5.0% from its price of AU$1.43 on 20 November 2020. The Australian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.19 per share. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to AU$1.47, the stock is trading at a trailing P/E ratio of 60.6x, down from the previous P/E ratio of 72.8x. This compares to an average P/E of 36x in the Interactive Media and Services industry. Total returns to shareholders over the past three years are 95%. Is New 90 Day High Low • Jan 08
New 90-day high: AU$1.63 The company is up 4.0% from its price of AU$1.57 on 06 October 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.86 per share. Is New 90 Day High Low • Oct 06
New 90-day high: AU$1.50 The company is up 60% from its price of AU$0.94 on 08 July 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.99 per share.