Freelancer
Market Cap
AU$226.4m
Last Updated
2021/01/20 07:07 UTC
Data Sources
Company Financials
Executive Summary
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. More Details
Rewards
Risk Analysis
No risks detected for FLN from our risk checks.
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Freelancer's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FLN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FLN's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.0%
FLN
2.8%
AU Professional Services
1.2%
AU Market
1 Year Return
-2.9%
FLN
-4.0%
AU Professional Services
-1.3%
AU Market
Return vs Industry: FLN exceeded the Australian Professional Services industry which returned -4% over the past year.
Return vs Market: FLN underperformed the Australian Market which returned -1.3% over the past year.
Shareholder returns
| FLN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 2.8% | 1.2% |
| 30 Day | 4.2% | 3.2% | 1.7% |
| 90 Day | -6.5% | 6.0% | 10.1% |
| 1 Year | -2.9%-2.9% | -1.4%-4.0% | 2.0%-1.3% |
| 3 Year | 11.1%11.1% | 18.2%6.3% | 26.1%10.6% |
| 5 Year | -68.2%-68.2% | 53.4%27.5% | 67.5%33.8% |
Long-Term Price Volatility Vs. Market
How volatile is Freelancer's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Much Did Freelancer's (ASX:FLN) CEO Pocket Last Year?1 month ago | Simply Wall St
How Much Did Freelancer's(ASX:FLN) Shareholders Earn From Share Price Movements Over The Last Five Years?2 months ago | Simply Wall St
Robert Barrie Is The Founder of Freelancer Limited (ASX:FLN) And Just Spent AU$53k On SharesValuation
Is Freelancer undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLN (A$0.5) is trading below our estimate of fair value (A$3.2)
Significantly Below Fair Value: FLN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLN is unprofitable, so we can't compare its PE Ratio to the AU Professional Services industry average.
PE vs Market: FLN is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FLN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FLN is overvalued based on its PB Ratio (7.9x) compared to the AU Professional Services industry average (3.2x).
Next Steps
Future Growth
How is Freelancer forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.4%
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Freelancer has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Freelancer's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Freelancer competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has Freelancer performed over the past 5 years?
3.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLN is currently unprofitable.
Growing Profit Margin: FLN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FLN is unprofitable, but has reduced losses over the past 5 years at a rate of 3.5% per year.
Accelerating Growth: Unable to compare FLN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FLN is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-5.6%).
Return on Equity
High ROE: FLN has a negative Return on Equity (-10.04%), as it is currently unprofitable.
Next Steps
Financial Health
How is Freelancer's financial position?
Financial Position Analysis
Short Term Liabilities: FLN's short term assets (A$44.0M) do not cover its short term liabilities (A$51.7M).
Long Term Liabilities: FLN's short term assets (A$44.0M) exceed its long term liabilities (A$28.9M).
Debt to Equity History and Analysis
Debt Level: FLN's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FLN's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable FLN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FLN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29% per year.
Next Steps
Dividend
What is Freelancer current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FLN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FLN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FLN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FLN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FLN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.7yrs
Average management tenure
CEO
Matt Barrie (47 yo)
no data
Tenure
AU$602,289
Compensation
Mr. Robert Matthew Barrie, also known as Matt, BE (Hons I) BSc (Hons I) GDipAppFin MAppFin MSEE (Stanford) GAICD SEP FIEAust, is Founder of Freelancer Limited and has been its Executive Chairman since Apri...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD463.48K) is about average for companies of similar size in the Australian market ($USD515.09K).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | AU$602.29k | 43.54% A$ 98.6m | |
| CFO & Company Secretary | 12yrs | AU$445.45k | 0.23% A$ 517.8k | |
| Director of Compliance | 0.17yr | no data | no data | |
| Head of Global Solutions | no data | no data | no data | |
| Vice President of Products & Growth | 8.67yrs | no data | no data | |
| Vice President of Enterprise | no data | no data | no data |
8.7yrs
Average Tenure
Experienced Management: FLN's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | AU$602.29k | 43.54% A$ 98.6m | |
| Non-Executive Director | 10.75yrs | AU$25.06k | 2.34% A$ 5.3m | |
| Non-Executive Director | 10.75yrs | AU$25.00k | 36.14% A$ 81.8m |
10.8yrs
Average Tenure
46yo
Average Age
Experienced Board: FLN's board of directors are seasoned and experienced ( 10.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FLN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Freelancer Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Freelancer Limited
- Ticker: FLN
- Exchange: ASX
- Founded: 2009
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: AU$226.393m
- Shares outstanding: 452.79m
- Website: https://www.freelancer.com
Number of Employees
Location
- Freelancer Limited
- Grosvenor Place
- Level 37
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FLN | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Nov 2013 |
| FLN | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Nov 2013 |
| FLNC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 2013 |
Biography
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. Through its marketplace employers can...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 07:07 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.