We’ve recently updated our valuation analysis.

Airtasker Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ART 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/Revenue4.2x
Enterprise Value/EBITDA-6.8x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ART vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.5x
HPG Hipages Group Holdings
2.1x12.3%AU$128.6m
TMH Market Herald
3.6xn/aAU$101.4m
RMY RMA Global
3.1xn/aAU$48.0m
FDV Frontier Digital Ventures
5.3x15.3%AU$311.2m
ART Airtasker
5.1x22.9%AU$159.6m

Price-To-Sales vs Peers: ART is expensive based on its Price-To-Sales Ratio (5.1x) compared to the peer average (3.5x).


Price to Earnings Ratio vs Industry

How does ART's PE Ratio compare vs other companies in the Global Interactive Media and Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.2%
n/an/an/a

Price-To-Sales vs Industry: ART is expensive based on its Price-To-Sales Ratio (5.1x) compared to the Global Interactive Media and Services industry average (2.2x)


Price to Sales Ratio vs Fair Ratio

What is ART'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.

ART PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.1x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: ART is expensive based on its Price-To-Sales Ratio (5.1x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).


Share Price vs Fair Value

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

Below Fair Value: ART (A$0.36) is trading below our estimate of fair value (A$0.51)

Significantly Below Fair Value: ART is trading below fair value by more than 20%.


Analyst Price Targets

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

The above table shows the analyst ART forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.35
AU$0.58
+64.3%
46.6%AU$0.95AU$0.30n/a3
Jan ’24AU$0.34
AU$0.58
+69.1%
46.6%AU$0.95AU$0.30n/a3
Dec ’23AU$0.34
AU$0.58
+69.1%
46.6%AU$0.95AU$0.30n/a3
Nov ’23AU$0.35
AU$0.58
+66.7%
46.6%AU$0.95AU$0.30n/a3
Oct ’23AU$0.33
AU$0.78
+134.8%
35.5%AU$1.05AU$0.50n/a2
Sep ’23AU$0.43
AU$1.05
+144.2%
0%AU$1.05AU$1.05n/a1
Aug ’23AU$0.41
AU$1.05
+153.0%
0%AU$1.05AU$1.05n/a1
Jul ’23AU$0.26
AU$1.15
+342.3%
0%AU$1.15AU$1.15n/a1
Jun ’23AU$0.39
AU$1.15
+194.9%
0%AU$1.15AU$1.15n/a1
May ’23AU$0.47
AU$1.15
+144.7%
0%AU$1.15AU$1.15n/a1
Apr ’23AU$0.62
AU$1.25
+101.6%
0%AU$1.25AU$1.25n/a1
Mar ’23AU$0.70
AU$1.25
+78.6%
0%AU$1.25AU$1.25n/a1
Feb ’23AU$0.84
AU$1.27
+51.2%
0%AU$1.27AU$1.27n/a1
Jan ’23AU$0.84
AU$1.27
+50.3%
0%AU$1.27AU$1.27AU$0.341
Dec ’22AU$0.96
AU$1.27
+31.6%
0%AU$1.27AU$1.27AU$0.341
Nov ’22AU$1.08
AU$1.27
+17.6%
0%AU$1.27AU$1.27AU$0.351
Oct ’22AU$0.96
AU$1.30
+35.4%
0%AU$1.30AU$1.30AU$0.331
Sep ’22AU$0.96
AU$1.30
+34.7%
0%AU$1.30AU$1.30AU$0.431
Aug ’22AU$0.98
AU$1.28
+29.9%
0%AU$1.28AU$1.28AU$0.411
Jul ’22AU$1.11
AU$1.29
+16.2%
0%AU$1.29AU$1.29AU$0.261
Jun ’22AU$1.14
AU$1.23
+7.9%
0%AU$1.23AU$1.23AU$0.391

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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