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ART

Airtasker ASX:ART Stock Report

Last Price

AU$0.45

Market Cap

AU$195.9m

7D

-8.2%

1Y

-55.1%

Updated

18 Aug, 2022

Data

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

ART Stock Overview

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

Airtasker Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Airtasker
Historical stock prices
Current Share PriceAU$0.45
52 Week HighAU$1.17
52 Week LowAU$0.24
Beta0
1 Month Change50.85%
3 Month Change12.66%
1 Year Change-55.05%
3 Year Changen/a
5 Year Changen/a
Change since IPO-57.62%

Recent News & Updates

Shareholder Returns

ARTAU Interactive Media and ServicesAU Market
7D-8.2%-2.5%0.8%
1Y-55.1%-19.0%-4.9%

Return vs Industry: ART underperformed the Australian Interactive Media and Services industry which returned -18.5% over the past year.

Return vs Market: ART underperformed the Australian Market which returned -4.8% over the past year.

Price Volatility

Is ART's price volatile compared to industry and market?
ART volatility
ART Average Weekly Movement13.5%
Interactive Media and Services Industry Average Movement9.1%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.8%
10% least volatile stocks in AU Market4.6%

Stable Share Price: ART is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: ART's weekly volatility (14%) has been stable over the past year.

About the Company

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

Airtasker 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$195.86m
Earnings (TTM)-AU$13.05m
Revenue (TTM)AU$27.88m

7.0x

P/S Ratio

-15.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ART income statement (TTM)
RevenueAU$27.88m
Cost of RevenueAU$22.51m
Gross ProfitAU$5.37m
Other ExpensesAU$18.42m
Earnings-AU$13.05m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.03
Gross Margin19.24%
Net Profit Margin-46.82%
Debt/Equity Ratio0%

How did ART perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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/Revenue5.8x
Enterprise Value/EBITDA-13x
PEG Ration/a

Price to Sales Ratio vs Peers

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

ART PS Ratio vs 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 Average4.7x
HPG Hipages Group Holdings
3.4x18.1%AU$197.8m
FDV Frontier Digital Ventures
7.4x17.1%AU$381.2m
TMH Market Herald
3.1xn/aAU$78.1m
RMY RMA Global
5.1xn/aAU$69.5m
ART Airtasker
7x33.2%AU$195.9m

Price-To-Sales vs Peers: ART is expensive based on its Price-To-Sales Ratio (7x) compared to the peer average (4.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: ART is expensive based on its Price-To-Sales Ratio (7x) compared to the Global Interactive Media and Services industry average (2.4x)


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 Ratio7x
Fair PS Ratio3.6x

Price-To-Sales vs Fair Ratio: ART is expensive based on its Price-To-Sales Ratio (7x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).


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: Insufficient data to calculate ART's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ART's fair value for valuation analysis.


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.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.2%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ART's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if ART's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if ART's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ART's revenue (33.2% per year) is forecast to grow faster than the Australian market (6.2% per year).

High Growth Revenue: ART's revenue (33.2% 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.


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Past Performance

How has Airtasker performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-149.5%

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 (23%).


Return on Equity

High ROE: ART has a negative Return on Equity (-31.79%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Airtasker's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ART's short term assets (A$38.1M) exceed its short term liabilities (A$9.7M).

Long Term Liabilities: ART's short term assets (A$38.1M) exceed its long term liabilities (A$123.0K).


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: ART has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ART has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 49.8% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ART has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Tim Fung

11.58yrs

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 developmen...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD2.55M) is above average for companies of similar size in the Australian market ($USD283.14K).

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


Leadership Team

Experienced Management: ART's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ART's board of directors are considered experienced (7.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.


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
  • Implied Market Cap: AU$195.855m
  • Shares outstanding: 440.12m
  • 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 Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2021/12/31
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.