Freelancer
Market Cap
AU$362.3m
Last Updated
2019/08/23 10:37 UTC
Data Sources
Company Financials +
Executive Summary
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia.
Snowflake
Fundamentals
Reasonable growth potential with adequate balance sheet.
Risks
- Freelancer has significant price volatility in the past 3 months.
- Freelancer is covered by less than 3 analysts.
Share Price & News
How has Freelancer's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.7%
ASX:FLN
7.9%
AU Professional Services
1.8%
AU Market
1 Year Return
29.1%
ASX:FLN
-0.2%
AU Professional Services
2.2%
AU Market
FLN outperformed the Professional Services industry which returned 0.2% over the past year.
FLN outperformed the Market in Australia which returned 1.9% over the past year.
Share holder returns
| FLN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 7.9% | 1.8% |
| 30 Day | -23.0% | -0.3% | -3.7% |
| 90 Day | -9.0% | 6.9% | 1.1% |
| 1 Year | 29.1%29.1% | 2.7%-0.2% | 8.0%2.2% |
| 3 Year | -49.7%-49.7% | 32.9%22.3% | 32.9%15.6% |
| 5 Year | -11.2%-11.2% | 24.8%7.3% | 39.3%8.4% |
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
4 weeks ago | Simply Wall St
Freelancer (ASX:FLN) Is Using Debt In A Risky Way2 months ago | Simply Wall St
If You Had Bought Freelancer (ASX:FLN) Shares A Year Ago You'd Have Made 76%3 months ago | Simply Wall St
What Type Of Shareholder Owns Freelancer Limited's (ASX:FLN)?Valuation
Is Freelancer undervalued based on future cash flows and its price relative to the stock market?
10.94x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Freelancer's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Freelancer's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Freelancer is loss making, we can't compare its value to the AU Professional Services industry average.
Freelancer is loss making, we can't compare the value of its earnings to the Australia market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Freelancer, we can't assess if its growth is good value.
Price Based on Value of Assets
Freelancer is overvalued based on assets compared to the AU Professional Services industry average.
Next Steps
Future Growth
How is Freelancer expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
115.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Freelancer's revenue is expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
Freelancer's earnings are expected to grow significantly at over 20% yearly.
Freelancer's revenue growth is expected to exceed the Australia market average.
Freelancer's earnings growth is expected to exceed the Australia market average.
Freelancer's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Earnings per Share Growth Estimates
Future Return on Equity
Freelancer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has Freelancer performed over the past 5 years?
-8.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Freelancer does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Freelancer's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Freelancer's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Freelancer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
It is difficult to establish if Freelancer has efficiently used its assets last year compared to the AU Professional Services industry average (Return on Assets) as it is loss-making.
Return on Capital Employed
It is difficult to establish if Freelancer improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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Financial Health
How is Freelancer's financial position?
Financial Position Analysis
Freelancer's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Freelancer's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Freelancer's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
Unable to establish if Freelancer's debt level has increased without past 5-year debt data.
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 332.9x debt.
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.
Freelancer has sufficient cash runway for more than 3 years based on current free cash flow.
Freelancer has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 92% each year.
Next Steps
Dividend
What is Freelancer's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Freelancer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Freelancer's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Freelancer has not reported any payouts.
Unable to verify if Freelancer's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Freelancer has not reported any payouts.
Future Payout to Shareholders
No need to calculate the sustainability of Freelancer's dividends in 3 years as they are not expected to pay a notable one for Australia.
Next Steps
Management
What is the CEO of Freelancer's salary, the management and board of directors tenure and is there insider trading?
9.3yrs
Average board tenure
CEO
Matt Barrie (46yo)
0.0yrs
Tenure
AU$604,257
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
Matt's remuneration is about average for companies of similar size in Australia.
Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
Board Age and Tenure
9.3yrs
Average Tenure
45yo
Average Age
The tenure for the Freelancer board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 78,900 |
| Max Price | AU$0.57 |
Ownership Breakdown
Management Team
Matt Barrie (46yo)
Founder
- Tenure: 0.0yrs
- Compensation: AU$604.26k
Neil Katz
CFO & Company Secretary
- Tenure: 10.6yrs
- Compensation: AU$462.14k
Greg Robinson
Vice President of Compliance
- Tenure: 0.0yrs
Craig Tindale
Head of Global Solutions
- Tenure: 0.0yrs
Sarah Tang
Vice President of Enterprise
- Tenure: 0.0yrs
Board Members
Matt Barrie (46yo)
Founder
- Tenure: 0.0yrs
- Compensation: AU$604.26k
Darren Nicholas Williams (45yo)
Non-Executive Director
- Tenure: 9.3yrs
- Compensation: AU$25.06k
Simon Alvin Clausen (43yo)
Non-Executive Director
- Tenure: 9.3yrs
- Compensation: AU$25.00k
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$362.296m
- Shares outstanding: 455.72m
- Website: https://www.freelancer.com
Number of Employees
Location
- Freelancer Limited
- World Square
- Level 20
- 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 |
| 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 | 2019/08/23 10:37 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.