Market Cap
US$6.3b
Last Updated
2021/04/13 23:30 UTC
Data Sources
Company Financials +
Executive Summary
Upwork Inc., together with its subsidiaries, operates an online talent marketplace that enables businesses to find and work with various independent professionals and agencies in the United States, India, the Philippines, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with excellent balance sheet.
Similar Companies
Share Price & News
How has Upwork's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UPWK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: UPWK's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
6.5%
UPWK
1.3%
US Professional Services
1.3%
US Market
1 Year Return
570.9%
UPWK
39.0%
US Professional Services
53.9%
US Market
Return vs Industry: UPWK exceeded the US Professional Services industry which returned 43.9% over the past year.
Return vs Market: UPWK exceeded the US Market which returned 57.9% over the past year.
Shareholder returns
| UPWK | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.5% | 1.3% | 1.3% |
| 30 Day | 2.0% | 5.5% | 2.8% |
| 90 Day | 21.7% | 4.6% | 6.6% |
| 1 Year | 570.9%570.9% | 40.1%39.0% | 56.6%53.9% |
| 3 Year | n/a | 64.7%60.0% | 62.7%52.3% |
| 5 Year | n/a | 132.9%116.7% | 120.5%95.9% |
Long-Term Price Volatility Vs. Market
How volatile is Upwork's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Health Check: How Prudently Does Upwork (NASDAQ:UPWK) Use Debt?1 month ago | Simply Wall St
Should You Take Comfort From Insider Transactions At Upwork Inc. (NASDAQ:UPWK)?1 month ago | Simply Wall St
Upwork Inc.'s (NASDAQ:UPWK) Path To ProfitabilityValuation
Is Upwork undervalued compared to its fair value and its price relative to the market?
20.98x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: UPWK ($48.02) is trading above our estimate of fair value ($8.96)
Significantly Below Fair Value: UPWK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UPWK is unprofitable, so we can't compare its PE Ratio to the US Professional Services industry average.
PE vs Market: UPWK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UPWK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UPWK is overvalued based on its PB Ratio (20x) compared to the US Professional Services industry average (3.5x).
Future Growth
How is Upwork forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
84.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UPWK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: UPWK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: UPWK's is expected to become profitable in the next 3 years.
Revenue vs Market: UPWK's revenue (20% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: UPWK's revenue (20% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UPWK's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Upwork performed over the past 5 years?
-14.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UPWK is currently unprofitable.
Growing Profit Margin: UPWK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: UPWK is unprofitable, and losses have increased over the past 5 years at a rate of 14.6% per year.
Accelerating Growth: Unable to compare UPWK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: UPWK is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (1.4%).
Return on Equity
High ROE: UPWK has a negative Return on Equity (-7.64%), as it is currently unprofitable.
Financial Health
How is Upwork's financial position?
Financial Position Analysis
Short Term Liabilities: UPWK's short term assets ($360.8M) exceed its short term liabilities ($198.7M).
Long Term Liabilities: UPWK's short term assets ($360.8M) exceed its long term liabilities ($31.2M).
Debt to Equity History and Analysis
Debt Level: UPWK's debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if UPWK's debt to equity ratio has reduced over the past 5 years.
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 UPWK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: UPWK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.7% per year.
Dividend
What is Upwork current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UPWK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate UPWK'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 UPWK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UPWK'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 UPWK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Hayden Brown (38 yo)
1.25yrs
Tenure
US$11,530,892
Compensation
Ms. Hayden Brown has been President and Chief Executive Officer of Upwork Inc. since January 1, 2020. Ms. Brown has been Director of Upwork Inc. since December 6, 2019. Ms. Brown was the Chief Marketing an...
CEO Compensation Analysis
Compensation vs Market: Hayden's total compensation ($USD11.53M) is above average for companies of similar size in the US market ($USD6.36M).
Compensation vs Earnings: Hayden's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: UPWK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: UPWK's board of directors are considered experienced (6.2 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 9.7%.
Top Shareholders
Company Information
Upwork Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Upwork Inc.
- Ticker: UPWK
- Exchange: NasdaqGS
- Founded: 2013
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: US$6.288b
- Shares outstanding: 124.96m
- Website: https://www.upwork.com
Number of Employees
Location
- Upwork Inc.
- 2625 Augustine Drive
- Suite 601
- Santa Clara
- California
- 95054
- United States
Listings
Biography
Upwork Inc., together with its subsidiaries, operates an online talent marketplace that enables businesses to find and work with various independent professionals and agencies in the United States, India, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 23:30 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.