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ART

AirtaskerASX:ART Stock Report

Market Cap

AU$469.6m

7D

15.9%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials +
ART fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ART Overview

Airtasker Pty Limited operates a community platform that connects people to outsource tasks and find local services in Australia.

Airtasker Competitors

Hipages Group Holdings

ASX:HPG

AU$473.3m

Price History & Performance

Summary of all time highs, changes and price drops for Airtasker
Historical stock prices
Current Share PriceAU$1.13
52 Week HighAU$0.88
52 Week LowAU$1.97
Beta0
1 Month Change18.95%
3 Month Change13.57%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO7.62%

Recent News & Updates

Shareholder Returns

ARTAU Interactive Media and ServicesAU Market
7D15.9%1.2%1.5%
1Yn/a28.4%21.1%

Return vs Industry: Insufficient data to determine how ART performed against the Australian Interactive Media and Services industry.

Return vs Market: Insufficient data to determine how ART performed against the Australian Market.

Price Volatility

Is ART's price volatile compared to industry and market?
ART volatility
ART Beta0
Industry Beta1.03
Market Beta1

Stable Share Price: ART is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ART's weekly volatility has decreased from 15% to 5% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aTim Funghttps://www.airtasker.com

Airtasker Pty Limited operates a community platform that connects people to outsource tasks and find local services in Australia. Its platform offers a range of services, such as handyman services, including general handyman, indoor and outdoor installations and repairs, bricklaying and building work, wall hanging, furniture repair services; cleaning services, such as house, laundry, carpet, commercial and conservatory cleaning services; pickup and delivery services; hire removal services comprising furniture and fitness equipment disassembly, furniture and fitness equipment transport, and clearance services; and gardening, automotive, and assembly services. It also provides a range of creative tasks, including photography, graphic design, website, and blog support.

Airtasker Fundamentals Summary

How do Airtasker's earnings and revenue compare to its market cap?
ART fundamental statistics
Market CapAU$469.62m
Earnings (TTM)-AU$9.71m
Revenue (TTM)AU$26.57m

17.7x

P/S Ratio

-48.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ART income statement (TTM)
RevenueAU$26.57m
Cost of RevenueAU$21.11m
Gross ProfitAU$5.46m
ExpensesAU$15.17m
Earnings-AU$9.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.023
Gross Margin20.54%
Net Profit Margin-36.54%
Debt/Equity Ratio0%

How did ART perform over the long term?

See historical performance and comparison

Valuation

Is Airtasker undervalued compared to its fair value and its price relative to the market?

10.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ART's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ART's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ART is unprofitable, so we can't compare its PE Ratio to the Australian Interactive Media and Services industry average.

PE vs Market: ART 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 ART's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ART is overvalued based on its PB Ratio (10.6x) compared to the AU Interactive Media and Services industry average (7.1x).


Future Growth

How is Airtasker forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ART is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ART is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ART is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ART's revenue (27.1% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: ART's revenue (27.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ART is forecast to be unprofitable in 3 years.


Past Performance

How has Airtasker performed over the past 5 years?

5.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ART is currently unprofitable.

Growing Profit Margin: ART is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ART's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare ART's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ART is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (10.8%).


Return on Equity

High ROE: ART has a negative Return on Equity (-21.98%), as it is currently unprofitable.


Financial Health

How is Airtasker's financial position?


Financial Position Analysis

Short Term Liabilities: ART's short term assets (A$47.1M) exceed its short term liabilities (A$13.2M).

Long Term Liabilities: ART's short term assets (A$47.1M) exceed its long term liabilities (A$189.0K).


Debt to Equity History and Analysis

Debt Level: ART is debt free.

Reducing Debt: ART had no debt 5 years ago.


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 ART has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ART is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 238.6% per year.


Dividend

What is Airtasker current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ART's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ART'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 ART's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ART'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 ART'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?

2.5yrs

Average management tenure


CEO

Tim Fung

10.75yrs

Tenure

AU$3,685,640

Compensation

Mr. Timothy Fung, also known as Tim is the Co-Founder of Airtasker Limited and serves as its Chief Executive Officer since 2011. Mr. Fung is responsible for the strategic marketing and business development...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD2.76M) is above average for companies of similar size in the Australian market ($USD734.81K).

Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.


Leadership Team

Experienced Management: ART's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: ART's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ART insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: ART only recently listed within the past 12 months.


Top Shareholders

Company Information

Airtasker Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Airtasker Limited
  • Ticker: ART
  • Exchange: ASX
  • Founded: 2011
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: AU$469.621m
  • Shares outstanding: 415.59m
  • Website: https://www.airtasker.com

Location

  • Airtasker Limited
  • 71 York Street
  • Level 3
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:18
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.