Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 1 independent director (7 non-independent directors). Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Feb 26
Freelance.com SA, Annual General Meeting, Jun 12, 2026 Freelance.com SA, Annual General Meeting, Jun 12, 2026. 공시 • Feb 26
Freelance.com SA, Annual General Meeting, Jun 13, 2025 Freelance.com SA, Annual General Meeting, Jun 13, 2025. 공시 • Feb 25
Freelance.com SA to Report Fiscal Year 2024 Results on Apr 21, 2025 Freelance.com SA announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 21, 2025 Reported Earnings • Oct 23
First half 2024 earnings released First half 2024 results: Revenue: €517.0m (up 23% from 1H 2023). Net income: €9.90m (up 11% from 1H 2023). Profit margin: 1.9% (down from 2.1% in 1H 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 48% over the past three years. New Risk • May 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. New Risk • Apr 24
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 24
Full year 2023 earnings released Full year 2023 results: Revenue: €857.7m (up 7.2% from FY 2022). Net income: €14.5m (down 20% from FY 2022). Profit margin: 1.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.25 per share. 공시 • Jan 12
Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd. Freelance.com SA (ENXTPA:ALFRE) agreed to acquire Sports Technology Awards Ltd on October 23, 2023.Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd on January 11, 2024. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €3.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 45% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.79 per share. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 56% over the past year. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
First half 2023 earnings released First half 2023 results: Revenue: €419.5m (up 9.5% from 1H 2022). Net income: €8.90m (flat on 1H 2022). Profit margin: 2.1% (down from 2.3% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. New Risk • Sep 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. 공시 • Sep 02
Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited. Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited on September 1, 2023. The acquisition was financed entirely from equity.
Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Openwork Limited on September 1, 2023. Reported Earnings • Apr 26
Full year 2022 earnings released Full year 2022 results: Revenue: €800.2m (up 59% from FY 2021). Net income: €18.1m (up 83% from FY 2021). Profit margin: 2.3% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 25
First half 2022 earnings released First half 2022 results: Revenue: €383.0m (up 81% from 1H 2021). Net income: €8.90m (up 173% from 1H 2021). Profit margin: 2.3% (up from 1.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 18% share price gain to €6.37, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past year. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 4.3% over the past year. Reported Earnings • Apr 27
Full year 2021 earnings released Full year 2021 results: Revenue: €502.6m (up 55% from FY 2020). Net income: €9.90m (up 20% from FY 2020). Profit margin: 2.0% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 59%, compared to a 9.8% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jerome Teissier was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €6.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Professional Services industry in Europe. Reported Earnings • Oct 27
First half 2021 earnings released The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €212.2m (up 60% from 1H 2020). Net income: €3.26m (up 48% from 1H 2020). Profit margin: 1.5% (down from 1.7% in 1H 2020). The decrease in margin was driven by higher expenses. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Director Claude Tempe was the last director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.