New Risk • Jun 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$139.4m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (AU$4.0m sold). Market cap is less than US$100m (AU$139.4m market cap, or US$99.9m). Recent Insider Transactions • Apr 30
Key Executive recently sold AU$4.0m worth of stock On the 21st of April, Shaun Di Gregorio sold around 10m shares on-market at roughly AU$0.40 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shaun's only on-market trade for the last 12 months. Announcement • Apr 24
Shaun Di Gregorio Steps Down as Director of Frontier Digital Ventures Limited, Effective May 27, 2026 Frontier Digital Ventures Limited announced that Mr. Shaun Di Gregorio will step down as a Director of the Company, effective at the close of the Company’s 2026 Annual General Meeting on May 27, 2026. Recent Insider Transactions • Apr 17
Non-Independent recently bought AU$419k worth of stock On the 9th of April, YKin Grove bought around 1m shares on-market at roughly AU$0.35 per share. This transaction increased YKin's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$1.3m. This was YKin's only on-market trade for the last 12 months. Announcement • Mar 28
Frontier Digital Ventures Limited, Annual General Meeting, May 27, 2026 Frontier Digital Ventures Limited, Annual General Meeting, May 27, 2026, at 16:00 Singapore Standard Time. Location: at 39-8 the boulevard, mid valley city, lingkaran syed putra, 59200 kuala lumpur, and web livestream, Malaysia Price Target Changed • Mar 08
Price target decreased by 11% to AU$0.51 Down from AU$0.56, the current price target is an average from 2 analysts. New target price is 94% above last closing price of AU$0.26. Stock is up 24% over the past year. The company is forecast to post earnings per share of AU$0.011 next year compared to a net loss per share of AU$0.041 last year. Reported Earnings • Mar 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: AU$0.041 loss per share (further deteriorated from AU$0.02 loss in FY 2024). Revenue: AU$54.8m (down 20% from FY 2024). Net loss: AU$18.0m (loss widened 111% from FY 2024). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jan 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to AU$0.30. The fair value is estimated to be AU$0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 4.6% in a year. Earnings are forecast to grow by 89% in the next year. Major Estimate Revision • Dec 12
Consensus EPS estimates fall by 1,050% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$67.5m to AU$64.2m. Losses expected to increase from AU$0.002 per share to AU$0.023. Interactive Media and Services industry in Australia expected to see average net income growth of 24% next year. Consensus price target broadly unchanged at AU$0.56. Share price fell 10% to AU$0.31 over the past week. Price Target Changed • Dec 11
Price target decreased by 7.4% to AU$0.56 Down from AU$0.60, the current price target is an average from 2 analysts. New target price is 75% above last closing price of AU$0.32. Stock is down 14% over the past year. The company is forecast to post a net loss per share of AU$0.023 next year compared to a net loss per share of AU$0.02 last year. Buy Or Sell Opportunity • Dec 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to AU$0.30. The fair value is estimated to be AU$0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$148.1m (US$97.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Board Change • Nov 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Interim Non-Executive Director Phillip Hains was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to AU$0.48. The fair value is estimated to be AU$0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 25
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 133% to AU$0.49. The fair value is estimated to be AU$0.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 31
First half 2025 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in 1H 2024) First half 2025 results: AU$0.004 loss per share (further deteriorated from AU$0.003 loss in 1H 2024). Revenue: AU$33.3m (down 6.3% from 1H 2024). Net loss: AU$1.70m (loss widened 16% from 1H 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 15
Price target increased by 8.7% to AU$0.56 Up from AU$0.52, the current price target is an average from 2 analysts. New target price is 84% above last closing price of AU$0.30. Stock is down 31% over the past year. The company is forecast to post earnings per share of AU$0 next year compared to a net loss per share of AU$0.02 last year. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$104.1m market cap, or US$67.4m). Announcement • Apr 17
Frontier Digital Ventures Limited, Annual General Meeting, May 22, 2025 Frontier Digital Ventures Limited, Annual General Meeting, May 22, 2025, at 14:00 Singapore Standard Time. Location: 39-8 the boulevard, mid valley city, lingkaran syed putra, 59200 kuala lumpur, Malaysia Reported Earnings • Mar 01
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: AU$68.1m (flat on FY 2023). Net loss: AU$8.54m (flat on FY 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Australia. Announcement • Feb 24
Frontier Digital Ventures Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 Frontier Digital Ventures Limited announced that they will report fiscal year 2024 results Pre-Market on Feb 28, 2025 Price Target Changed • Feb 04
Price target decreased by 17% to AU$0.56 Down from AU$0.68, the current price target is an average from 2 analysts. New target price is 135% above last closing price of AU$0.24. Stock is down 45% over the past year. The company is forecast to post a net loss per share of AU$0.008 next year compared to a net loss per share of AU$0.021 last year. New Risk • Dec 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$158.3m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$73.0m to AU$71.2m. Losses expected to increase from AU$0.0075 per share to AU$0.01. Interactive Media and Services industry in Australia expected to see average net income growth of 28% next year. Consensus price target down from AU$0.68 to AU$0.66. Share price rose 2.6% to AU$0.40 over the past week. Price Target Changed • Aug 29
Price target decreased by 8.1% to AU$0.68 Down from AU$0.74, the current price target is an average from 2 analysts. New target price is 84% above last closing price of AU$0.37. Stock is down 1.3% over the past year. The company is forecast to post a net loss per share of AU$0.009 next year compared to a net loss per share of AU$0.021 last year. Buy Or Sell Opportunity • Aug 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to AU$0.37. The fair value is estimated to be AU$0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 53%. Announcement • Aug 23
Frontier Digital Ventures Limited to Report First Half, 2024 Results on Aug 28, 2024 Frontier Digital Ventures Limited announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Aug 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to AU$0.38. The fair value is estimated to be AU$0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 73% in the next year. Major Estimate Revision • Aug 01
Consensus EPS estimates upgraded to AU$0.005 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -AU$0.006 to -AU$0.005 per share. Revenue forecast steady at AU$77.0m. Interactive Media and Services industry in Australia expected to see average net income growth of 57% next year. Consensus price target down from AU$0.74 to AU$0.70. Share price fell 6.7% to AU$0.41 over the past week. Announcement • Apr 08
Frontier Digital Ventures Limited, Annual General Meeting, May 16, 2024 Frontier Digital Ventures Limited, Annual General Meeting, May 16, 2024, at 16:00 E. Australia Standard Time. Location: 39-8TheBoulevard,MidValleyCity,LingkaranSyedPutra,59200,KualaLumpur,Malaysia Kuala Lumpur Malaysia Buy Or Sell Opportunity • Mar 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to AU$0.52. The fair value is estimated to be AU$0.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 72% in the next year. Major Estimate Revision • Mar 05
Consensus EPS estimates fall from profit to AU$0.006 loss, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from AU$76.8m to AU$77.7m. Now expected to report loss of -AU$0.006 instead of AU$0.00 per share profit. Interactive Media and Services industry in Australia expected to see average net income growth of 64% next year. Consensus price target of AU$0.78 unchanged from last update. Share price rose 11% to AU$0.49 over the past week. New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$100k net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • Feb 29
Full year 2023 earnings released: AU$0.021 loss per share (vs AU$0.027 loss in FY 2022) Full year 2023 results: AU$0.021 loss per share (improved from AU$0.027 loss in FY 2022). Revenue: AU$67.9m (up 15% from FY 2022). Net loss: AU$8.60m (loss narrowed 16% from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Feb 28
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$11m Forecast net loss in 2 years: AU$447k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$447k net loss in 2 years). Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Feb 22
Frontier Digital Ventures Limited to Report Fiscal Year 2023 Results on Feb 28, 2024 Frontier Digital Ventures Limited announced that they will report fiscal year 2023 results Pre-Market on Feb 28, 2024 Announcement • Feb 12
Frontier Digital Ventures Ltd Appoints Anthony Saines as an Independent Non-Executive Director, Effective 1 March, 2024 Frontier Digital Ventures Ltd. announced the appointment of Anthony Saines as an independent non-executive director of the Company, effective 1 March, 2024. Mr. Saines has over 17 years of experience leading classified marketplace businesses, including over 10 years at Carsales.com serving as a Managing Director - Commercial. At Carsales.com, Mr. Saines was responsible for the business-to-business commercial operations, including the OEM, Dealer & Media, and Data, Insights & Product teams. Mr. Saines also served as General Manager with Sensis, a platform of classifieds products and digital marketing services. Mr. Saines is currently an Advisor with the Advisory Board Centre, an organisation which supports entrepreneurs through the provision of advisory board services. Within Advisory Board Centre, Mr. Saines specializes in the areas of online media & marketplaces, digital disruption & transformation, and growth. Additionally, he is a Growth Advisor & Non-executive Director at Fusion SD, a leading provider of CRM software for the automotive industry. Mr. Saines was also previously on the board of IAB Australia, the peak trade association for online advertising in Australia, as well as Listing Loop, an Australian off-market real estate marketplace. Price Target Changed • Oct 18
Price target increased by 9.8% to AU$0.75 Up from AU$0.68, the current price target is an average from 2 analysts. New target price is 124% above last closing price of AU$0.34. Stock is down 55% over the past year. The company is forecast to post a net loss per share of AU$0.03 next year compared to a net loss per share of AU$0.027 last year. Price Target Changed • Aug 31
Price target decreased by 9.3% to AU$0.65 Down from AU$0.72, the current price target is an average from 3 analysts. New target price is 74% above last closing price of AU$0.38. Stock is down 56% over the past year. The company is forecast to post a net loss per share of AU$0.022 next year compared to a net loss per share of AU$0.027 last year. New Risk • Aug 30
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: AU$11m Forecast net loss in 1 year: AU$2.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.4m net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Aug 22
Frontier Digital Ventures Limited to Report First Half, 2023 Results on Aug 29, 2023 Frontier Digital Ventures Limited announced that they will report first half, 2023 results on Aug 29, 2023 New Risk • Aug 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$151.6m (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$151.6m market cap, or US$97.3m). Major Estimate Revision • Aug 03
Consensus EPS estimates upgraded to AU$0.018 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -AU$0.021 to -AU$0.018 per share. Revenue forecast steady at AU$68.9m. Interactive Media and Services industry in Australia expected to see average net income growth of 21% next year. Consensus price target down from AU$0.72 to AU$0.68. Share price fell 3.5% to AU$0.41 over the past week. Major Estimate Revision • Jun 07
Consensus EPS estimates upgraded to AU$0.016 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -AU$0.02 per share to -AU$0.016 per share. Revenue forecast reaffirmed at AU$68.6m. Interactive Media and Services industry in Australia expected to see average net income growth of 26% next year. Consensus price target down from AU$0.83 to AU$0.74. Share price was steady at AU$0.36 over the past week. Price Target Changed • Jun 06
Price target decreased by 11% to AU$0.74 Down from AU$0.83, the current price target is an average from 3 analysts. New target price is 103% above last closing price of AU$0.36. Stock is down 58% over the past year. The company is forecast to post a net loss per share of AU$0.019 next year compared to a net loss per share of AU$0.027 last year. Price Target Changed • Apr 29
Price target decreased by 8.1% to AU$0.83 Down from AU$0.91, the current price target is an average from 3 analysts. New target price is 67% above last closing price of AU$0.50. Stock is down 56% over the past year. The company is forecast to post a net loss per share of AU$0.017 next year compared to a net loss per share of AU$0.027 last year. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 64% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -AU$0.011 to -AU$0.018 per share. Revenue forecast of AU$70.9m unchanged since last update. Interactive Media and Services industry in Australia expected to see average net income growth of 17% next year. Consensus price target down from AU$0.97 to AU$0.91. Share price rose 2.7% to AU$0.56 over the past week. Price Target Changed • Mar 22
Price target decreased by 23% to AU$0.97 Down from AU$1.26, the current price target is an average from 3 analysts. New target price is 40% above last closing price of AU$0.69. Stock is down 44% over the past year. The company is forecast to post a net loss per share of AU$0.004 next year compared to a net loss per share of AU$0.028 last year. Reported Earnings • Mar 01
Full year 2022 earnings released: AU$0.028 loss per share (vs AU$0.044 loss in FY 2021) Full year 2022 results: AU$0.028 loss per share (improved from AU$0.044 loss in FY 2021). Revenue: AU$59.2m (up 15% from FY 2021). Net loss: AU$10.5m (loss narrowed 30% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Jan 31
No longer forecast to breakeven The 2 analysts covering Frontier Digital Ventures no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.05m in 2024. New consensus forecast suggests the company will make a loss of AU$3.30m in 2024. Announcement • Oct 07
Frontier Digital Ventures Ltd Appoints Ricardo Frechou and Guillermo Tavidian as CEO and CTO of FDV LATAM Frontier Digital Ventures Ltd. provide an update on the continued evolution of FDV LATAM with the appointment of Ricardo Frechou and Guillermo Tavidian as CEO and CTO of FDV LATAM, respectively. . The locally based FDV LATAM leadership team will be led by Ricardo Frechou, who will provide the strategic vision and operational direction for the business. Ricardo has a proven track record in successfully scaling classifieds marketplaces across Latin America. Price Target Changed • Sep 14
Price target decreased to AU$1.28 Down from AU$1.41, the current price target is an average from 2 analysts. New target price is 59% above last closing price of AU$0.80. Stock is down 46% over the past year. The company is forecast to post a net loss per share of AU$0.038 next year compared to a net loss per share of AU$0.044 last year. Reported Earnings • Aug 24
First half 2022 earnings released: AU$0.023 loss per share (vs AU$0.013 loss in 1H 2021) First half 2022 results: AU$0.023 loss per share (down from AU$0.013 loss in 1H 2021). Revenue: AU$29.2m (up 35% from 1H 2021). Net loss: AU$8.73m (loss widened 102% from 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 12% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Aug 17
Frontier Digital Ventures Limited to Report First Half, 2022 Results on Aug 24, 2022 Frontier Digital Ventures Limited announced that they will report first half, 2022 results on Aug 24, 2022 Price Target Changed • Aug 04
Price target decreased to AU$1.41 Down from AU$1.56, the current price target is provided by 1 analyst. New target price is 47% above last closing price of AU$0.96. Stock is down 41% over the past year. The company is forecast to post a net loss per share of AU$0.075 next year compared to a net loss per share of AU$0.044 last year. Recent Insider Transactions • May 06
Independent Non-Executive Chairman recently bought AU$77k worth of stock On the 3rd of May, Anthony Klok bought around 75k shares on-market at roughly AU$1.03 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Breakeven Date Change • May 01
Forecast breakeven date pushed back to 2024 The analyst covering Frontier Digital Ventures previously expected the company to break even in 2023. New forecast suggests losses will reduce by 45% per year to 2023. The company is expected to make a profit of AU$2.40m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Price Target Changed • May 01
Price target decreased to AU$1.56 Down from AU$1.96, the current price target is provided by 1 analyst. New target price is 37% above last closing price of AU$1.14. Stock is down 18% over the past year. The company is forecast to post a net loss per share of AU$0.088 next year compared to a net loss per share of AU$0.044 last year. Reported Earnings • Apr 04
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: AU$0.044 loss per share. Revenue: AU$51.4m (up 147% from FY 2020). Net loss: AU$15.1m (loss widened 17% from FY 2020). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 60%. Over the next year, revenue is forecast to grow 39%, compared to a 6.7% growth forecast for the industry in Australia. Reported Earnings • Feb 25
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: AU$0.044 loss per share (up from AU$0.047 loss in FY 2020). Revenue: AU$51.4m (up 147% from FY 2020). Net loss: AU$15.1m (loss widened 17% from FY 2020). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 60%. Over the next year, revenue is forecast to grow 41%, compared to a 6.7% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • Feb 25
Frontier Digital Ventures Limited, Annual General Meeting, May 17, 2022 Frontier Digital Ventures Limited, Annual General Meeting, May 17, 2022. Announcement • Feb 16
Frontier Digital Ventures Limited to Report Fiscal Year 2021 Results on Feb 24, 2022 Frontier Digital Ventures Limited announced that they will report fiscal year 2021 results Pre-Market on Feb 24, 2022 Breakeven Date Change • Jan 30
No longer forecast to breakeven The 2 analysts covering Frontier Digital Ventures no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$2.55m in 2023. New consensus forecast suggests the company will make a loss of AU$1.58m in 2023. Board Change • Dec 31
High number of new directors Independent Non-Executive Director Frances Po was the last director to join the board, commencing their role in 2021. Price Target Changed • Oct 29
Price target increased to AU$1.99 Up from AU$1.82, the current price target is an average from 2 analysts. New target price is 10% above last closing price of AU$1.80. Stock is up 44% over the past year. The company is forecast to post a net loss per share of AU$0.029 next year compared to a net loss per share of AU$0.047 last year. Reported Earnings • Aug 27
First half 2021 earnings released: AU$0.013 loss per share (vs AU$0.014 profit in 1H 2020) The company reported a decent first half result with improved revenues, although earnings and control over costs were weaker. First half 2021 results: Revenue: AU$21.6m (up 160% from 1H 2020). Net loss: AU$4.33m (down 225% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 30
Consensus EPS estimates fall to -AU$0.03 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from AU$51.7m to AU$49.6m. Losses expected to increase from -AU$0.024 to -AU$0.03. Interactive Media and Services industry in Australia expected to see average net income growth of 23% next year. Consensus price target up from AU$1.67 to AU$1.80. Share price rose 5.1% to AU$1.56 over the past week. Price Target Changed • Jul 30
Price target increased to AU$1.80 Up from AU$1.67, the current price target is an average from 2 analysts. New target price is 16% above last closing price of AU$1.56. Stock is up 38% over the past year. Announcement • Jul 15
Frontier Digital Ventures Limited (ASX:FDV) entered into a sale agreement to acquire additional 9.1% stake in Hoppler Inc. for AUD 0.34 million. Frontier Digital Ventures Limited (ASX:FDV) entered into a sale agreement to acquire additional 9.1% stake in Hoppler Inc. for AUD 0.34 million on July 15, 2021. Under the sale agreement, FDV will acquire a further 9.1% interest in Hoppler from two existing shareholders for fixed cash consideration of AUD 0.34 million, funded through existing cash reserves. As per the transaction, Frontier Digital Ventures will increase its shares in Hoppler from 42% to 51.1%. Announcement • Jun 09
Frontier Digital Ventures Limited (ASX:FDV) s entered into a sale agreement to acquire the remaining 49% stake in RELAXED SA for $6.2 million. Frontier Digital Ventures Limited (ASX:FDV) s entered into a sale agreement to acquire the remaining 49% stake in RELAXED SA for $6.2 million on June 9, 2021. The transaction will be funded from using existing cash
reserves. Calculation of the two earn-out consideration payments will be based on revenue and EBITDA targets at the completion of FY21 and FY22 respectively. The Chief Executive Officer of InfoCasas, Ricardo Frechou, will remain in his current position and continue to manage the operations of the business through to the end of FY22. In a related transaction, FDV has recent 100% acquisitions of Fincaraíz in Colombia and Yapo in Chile. FDV also holds a 26.3% interest in Encuentra24 following the combination last year with OLX Group’s online classifieds platform The terms of that agreement provided OLX with a call option over all of the issued shares of Encuentra24, which it may choose to exercise on the second or third anniversary of the agreement. Completion of the sale agreement is expected to occur on Wednesday, June 23, 2021. Vesparum Capital Pty Ltd acted as financial advisor and Herbert Smith Freehills as Australian acted as legal advisor to FDV in the transaction. Major Estimate Revision • May 04
Consensus EPS estimates fall to -AU$0.029 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from AU$52.9m to AU$51.7m. Losses expected to increase from -AU$0.024 to -AU$0.029. Interactive Media and Services industry in Australia expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at AU$1.66. Share price fell 3.9% to AU$1.36 over the past week. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: AU$20.8m (up 36% from FY 2019). Net loss: AU$13.2m (loss widened AU$11.7m from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 26
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.5%. Earnings per share (EPS) were also behind analyst estimates. Over the next year, revenue is forecast to grow 135%, compared to a 14% growth forecast for the Interactive Media and Services industry in Australia. Announcement • Feb 25
Frontier Digital Ventures Limited, Annual General Meeting, May 31, 2021 Frontier Digital Ventures Limited, Annual General Meeting, May 31, 2021. Announcement • Feb 23
Frontier Digital Ventures Limited to Report Fiscal Year 2020 Results on Feb 25, 2021 Frontier Digital Ventures Limited announced that they will report fiscal year 2020 results Pre-Market on Feb 25, 2021 Is New 90 Day High Low • Feb 18
New 90-day low: AU$1.37 The company is down 4.0% from its price of AU$1.43 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.19 per share.