Freelancer Valuation

Is FLN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FLN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FLN (A$0.17) is trading above our estimate of fair value (A$0.01)

Significantly Below Fair Value: FLN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLN?

Key metric: As FLN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FLN. This is calculated by dividing FLN's market cap by their current revenue.
What is FLN's PS Ratio?
PS Ratio	1.5x
Sales	AU$51.17m
Market Cap	AU$81.16m

FLN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	-72.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does FLN's PS Ratio compare to its peers?

The above table shows the PS ratio for FLN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.4x
HIT HiTech Group Australia	1.3x	n/a	AU$82.7m
PPE Peoplein	0.09x	2.7%	AU$99.4m
ASH Ashley Services Group	0.05x	n/a	AU$25.9m
IGN Ignite	0.1x	n/a	AU$10.4m
FLN Freelancer	1.5x	3.1%	AU$81.2m

Price-To-Sales vs Peers: FLN is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does FLN's PS Ratio compare vs other companies in the AU Professional Services Industry?

7 Companies	Price / Sales	Estimated Growth	Market Cap
PPE Peoplein	0.09x	2.7%	US$63.30m
ASH Ashley Services Group	0.05x	n/a	US$16.50m
VRS Veris	0.2x	3.5%	US$13.30m
IGN Ignite	0.1x	n/a	US$6.65m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FLN is good value based on its Price-To-Sales Ratio (1.5x) compared to the Australian Professional Services industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is FLN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FLN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.5x
Fair PS Ratio	0.9x

Price-To-Sales vs Fair Ratio: FLN is expensive based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.