Declared Dividend • May 27
Dividend increased to €0.25 Dividend of €0.25 is 213% higher than last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 10.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (287% cash payout ratio). The dividend has increased by an average of 77% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 34% over the next 2 years. Since a fall of 32% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • May 06
Full year 2025 earnings released: EPS: €0.41 (vs €0.32 in FY 2024) Full year 2025 results: EPS: €0.41 (up from €0.32 in FY 2024). Revenue: €1.05b (flat on FY 2024). Net income: €23.3m (up 30% from FY 2024). Profit margin: 2.2% (up from 1.7% in FY 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Freelance.com SA, Annual General Meeting, Jun 12, 2026 Freelance.com SA, Annual General Meeting, Jun 12, 2026. Price Target Changed • Feb 24
Price target decreased by 7.0% to €3.30 Down from €3.55, the current price target is an average from 2 analysts. New target price is 59% above last closing price of €2.08. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.30 for next year compared to €0.32 last year. Price Target Changed • Oct 23
Price target decreased by 13% to €3.55 Down from €4.10, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €2.21. Stock is down 25% over the past year. The company is forecast to post earnings per share of €0.33 for next year compared to €0.32 last year. Reported Earnings • Oct 22
First half 2025 earnings released First half 2025 results: Revenue: €530.1m (up 2.5% from 1H 2024). Net income: €15.6m (up 58% from 1H 2024). Profit margin: 2.9% (up from 1.9% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Professional Services industry in France. New Risk • Oct 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 11
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of French dividend payers (5.4%). In line with average of industry peers (3.5%). Price Target Changed • May 20
Price target decreased by 9.1% to €4.00 Down from €4.40, the current price target is an average from 3 analysts. New target price is 72% above last closing price of €2.33. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.33 for next year compared to €0.32 last year. Declared Dividend • May 11
Dividend of €0.08 announced Dividend of €0.08 is the same as last year. Ex-date: 18th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (24% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 05
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.32 (up from €0.26 in FY 2023). Revenue: €1.05b (up 23% from FY 2023). Net income: €18.0m (up 24% from FY 2023). Profit margin: 1.7% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 22
Price target decreased by 9.2% to €4.27 Down from €4.70, the current price target is an average from 3 analysts. New target price is 91% above last closing price of €2.23. Stock is down 35% over the past year. The company is forecast to post earnings per share of €0.33 for next year compared to €0.26 last year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.28, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Professional Services industry in France. Total loss to shareholders of 68% over the past three years. Announcement • Feb 26
Freelance.com SA, Annual General Meeting, Jun 13, 2025 Freelance.com SA, Annual General Meeting, Jun 13, 2025. Price Target Changed • Feb 25
Price target decreased by 9.6% to €4.40 Down from €4.87, the current price target is an average from 3 analysts. New target price is 69% above last closing price of €2.61. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.33 for next year compared to €0.26 last year. Announcement • Feb 25
Freelance.com SA to Report Fiscal Year 2024 Results on Apr 21, 2025 Freelance.com SA announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 21, 2025 Price Target Changed • Nov 19
Price target decreased by 7.2% to €4.70 Down from €5.07, the current price target is an average from 3 analysts. New target price is 72% above last closing price of €2.74. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.34 for next year compared to €0.26 last year. Major Estimate Revision • Oct 28
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.395 to €0.337 per share. Revenue forecast steady at €1.07b. Net income forecast to grow 31% next year vs 19% growth forecast for Professional Services industry in France. Consensus price target down from €5.07 to €4.87. Share price rose 4.3% to €2.89 over the past week. Reported Earnings • Oct 23
First half 2024 earnings released First half 2024 results: Revenue: €517.0m (up 23% from 1H 2023). Net income: €9.90m (up 11% from 1H 2023). Profit margin: 1.9% (down from 2.1% in 1H 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in France. Price Target Changed • Oct 23
Price target decreased by 7.0% to €4.87 Down from €5.23, the current price target is an average from 3 analysts. New target price is 69% above last closing price of €2.88. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.34 for next year compared to €0.26 last year. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.07, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Professional Services industry in France. Total loss to shareholders of 46% over the past three years. New Risk • May 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Professional Services industry in France. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.35 per share. New Risk • Apr 24
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 24
Full year 2023 earnings released Full year 2023 results: Revenue: €857.7m (up 7.2% from FY 2022). Net income: €14.5m (down 20% from FY 2022). Profit margin: 1.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Professional Services industry in France. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Professional Services industry in France. Total returns to shareholders of 2.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.39 per share. Announcement • Jan 12
Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd. Freelance.com SA (ENXTPA:ALFRE) agreed to acquire Sports Technology Awards Ltd on October 23, 2023.Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd on January 11, 2024. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €3.76, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Professional Services industry in France. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.98 per share. New Risk • Nov 28
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 French stocks, typically moving 6.7% 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 (6.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Professional Services industry in France. Total loss to shareholders of 24% over the past three years. Major Estimate Revision • Nov 22
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €887.8m to €859.8m. EPS estimate also fell from €0.367 per share to €0.33 per share. Net income forecast to grow 6.9% next year vs 16% growth forecast for Professional Services industry in France. Consensus price target down from €6.03 to €5.33. Share price fell 9.6% to €3.30 over the past week. Reported Earnings • Oct 27
First half 2023 earnings released First half 2023 results: Revenue: €419.5m (up 9.5% from 1H 2022). Net income: €8.90m (flat on 1H 2022). Profit margin: 2.1% (down from 2.3% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 24
Price target decreased by 13% to €6.03 Down from €6.93, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €3.62. Stock is down 46% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.32 last year. New Risk • Sep 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Price Target Changed • Sep 06
Price target decreased by 11% to €6.57 Down from €7.37, the current price target is an average from 3 analysts. New target price is 63% above last closing price of €4.02. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.32 last year. Announcement • Sep 02
Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited. Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited on September 1, 2023. The acquisition was financed entirely from equity.
Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Openwork Limited on September 1, 2023. Price Target Changed • Aug 29
Price target decreased by 7.5% to €7.00 Down from €7.57, the current price target is an average from 3 analysts. New target price is 57% above last closing price of €4.47. Stock is down 31% over the past year. The company is forecast to post earnings per share of €0.40 for next year compared to €0.32 last year. Price Target Changed • May 10
Price target decreased by 9.4% to €7.37 Down from €8.13, the current price target is an average from 3 analysts. New target price is 38% above last closing price of €5.32. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.38 for next year compared to €0.32 last year. Reported Earnings • Apr 26
Full year 2022 earnings released Full year 2022 results: Revenue: €800.2m (up 59% from FY 2021). Net income: €18.1m (up 83% from FY 2021). Profit margin: 2.3% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in France. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 25
First half 2022 earnings released First half 2022 results: Revenue: €383.0m (up 81% from 1H 2021). Net income: €8.90m (up 173% from 1H 2021). Profit margin: 2.3% (up from 1.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Professional Services industry in France. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 16% share price gain to €6.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Professional Services industry in France. Total returns to shareholders of 169% over the past three years. Price Target Changed • Aug 30
Price target decreased to €8.97 Down from €9.70, the current price target is an average from 3 analysts. New target price is 38% above last closing price of €6.50. Stock is down 8.5% over the past year. The company is forecast to post earnings per share of €0.39 for next year compared to €0.24 last year. Reported Earnings • Apr 27
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €502.6m (up 55% from FY 2020). Net income: €9.90m (up 20% from FY 2020). Profit margin: 2.0% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 59%, compared to a 11% growth forecast for the industry in France. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jerome Teissier was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 01
Price target increased to €9.38 Up from €8.73, the current price target is an average from 3 analysts. New target price is 31% above last closing price of €7.18. Stock is up 65% over the past year. The company is forecast to post earnings per share of €0.25 for next year compared to €0.23 last year. Price Target Changed • Nov 23
Price target increased to €8.87 Up from €8.15, the current price target is an average from 3 analysts. New target price is 20% above last closing price of €7.38. Stock is up 77% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.23 last year. Price Target Changed • Nov 04
Price target increased to €8.73 Up from €8.15, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €7.65. Stock is up 127% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.23 last year. Reported Earnings • Oct 27
First half 2021 earnings released The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €212.2m (up 60% from 1H 2020). Net income: €3.26m (up 48% from 1H 2020). Profit margin: 1.5% (down from 1.7% in 1H 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Oct 01
Price target increased to €8.15 Up from €6.55, the current price target is an average from 2 analysts. New target price is 18% above last closing price of €6.91. Stock is up 69% over the past year. Price Target Changed • Oct 01
Price target increased to €8.15 Up from €6.55, the current price target is an average from 2 analysts. New target price is 18% above last closing price of €6.91. Stock is up 69% over the past year. Price Target Changed • Aug 31
Price target increased to €6.85 Up from €6.35, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €7.10. Stock is up 50% over the past year. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 15% share price gain to €5.05, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 27x in the Professional Services industry in France. Total returns to shareholders of 216% over the past three years. Price Target Changed • Apr 28
Price target increased to €4.90 Up from €4.30, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €4.85. Stock is up 102% over the past year. Reported Earnings • Apr 28
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €325.0m (up 37% from FY 2019). Net income: €8.81m (up 49% from FY 2019). Profit margin: 2.7% (up from 2.5% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 15% share price gain to €4.60, the stock is trading at a trailing P/E ratio of 34.6x, up from the previous P/E ratio of 30x. This compares to an average P/E of 31x in the Professional Services industry in France. Total returns to shareholders over the past three years are 184%. Is New 90 Day High Low • Feb 15
New 90-day high: €4.60 The company is up 14% from its price of €4.03 on 17 November 2020. The French market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 22% share price gain to €4.12, the stock is trading at a trailing P/E ratio of 31x, up from the previous P/E ratio of 25.3x. This compares to an average P/E of 24x in the Professional Services industry in France. Total returns to shareholders over the past three years are 153%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 30% share price decline to €3.15, the stock is trading at a trailing P/E ratio of 23.7x, down from the previous P/E ratio of 33.8x. This compares to an average P/E of 19x in the Professional Services industry in France. Total returns to shareholders over the past three years are 74%. Is New 90 Day High Low • Oct 26
New 90-day low: €3.63 The company is down 10.0% from its price of €4.02 on 28 July 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 6.0% over the same period. Reported Earnings • Oct 25
First half earnings released Over the last 12 months the company has reported total profits of €4.84m, down 17% from the prior year. Total revenue was €258.2m over the last 12 months, up 23% from the prior year.