Airtasker Ltd (ART) AI Stock Analysis

• Market Cap: AU$136.30M
• Dividend Yield: N/A
• Average Volume (3M): 226.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: 7.30%
• EPS Growth: -286.24%
• Country: AU
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 89
• Industry: Internet Content & Information
• EPS (TTM): -0.04
• Shares Outstanding: 454,333,400
• 10 Day Avg. Volume: 179,671
• 30 Day Avg. Volume: 226,955
• PEG Ratio: 0.01
• Price to Book (P/B): 5.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 48.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.55
• Price Target Upside: 83.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: AU$0.50 ▲(66.67%Upside)

Airtasker Ltd's stock score is primarily influenced by its financial performance, which shows potential but is hindered by profitability issues. Technical analysis indicates weak market momentum, and valuation metrics highlight investor concerns due to negative earnings. These factors collectively contribute to a cautious outlook on the stock.

Airtasker Ltd Business Overview & Revenue Model

Company Description

Airtasker Ltd (ART) is an Australian-based online marketplace that connects people who need tasks completed with skilled individuals willing to perform them. Operating across various sectors, Airtasker facilitates a diverse range of services including home cleaning, handyman tasks, delivery services, and more. The platform enables customers to post tasks and receive offers from workers, known as Taskers, who are vetted and reviewed by users to ensure quality service.

How the Company Makes Money

Airtasker makes money primarily through a commission-based revenue model. When a task is completed, Airtasker charges a service fee to the Tasker, which is a percentage of the task's agreed price. This service fee varies depending on the market and service category. Additionally, Airtasker offers subscription plans to Taskers, providing them with benefits such as increased visibility and the ability to bid on more tasks. The company also generates revenue from advertising and promotional services on its platform, allowing Taskers and businesses to increase their exposure to potential customers. Strategic partnerships and collaborations with businesses looking to leverage Airtasker's platform for broader service offerings contribute to the company's earnings.

Airtasker Ltd Financial Statement Overview

Summary

Airtasker Ltd shows promising revenue growth and cash flow improvements, but continues to face profitability challenges. The balance sheet is stable with low leverage, but achieving profitability is crucial for future success. Continued focus on improving operational efficiency and cost management will be key to enhancing financial performance.

Income Statement

Airtasker Ltd has shown a steady increase in revenue over the years, with a 5.12% growth in the most recent period. However, the company is still facing challenges in profitability, as evidenced by negative EBIT and net income. The gross profit margin has improved significantly, reaching 90.28%, but the net profit margin remains negative, indicating ongoing operational challenges.

Balance Sheet

The company's debt-to-equity ratio improved significantly due to reduced debt levels, standing at 0.08, which is favorable. However, the return on equity is negative due to net losses, and the equity ratio is 67.22%, suggesting a stable equity position relative to total assets. The balance sheet reflects a strong equity base but ongoing profitability issues.

Cash Flow

Airtasker Ltd's cash flow situation has improved, with positive operating cash flow and free cash flow turning positive after previous deficits. The free cash flow to net income ratio is positive, indicating better cash management. However, the company needs to sustain this trend to ensure long-term financial health.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
49.02M	46.64M	44.17M	31.47M	26.57M	19.26M
	Gross Profit
35.41M	41.93M	13.90M	6.52M	5.44M	18.03M
	EBIT
-18.85M	-5.53M	-12.60M	-20.36M	-11.01M	-8.06M
	EBITDA
-16.15M	451.00K	-7.83M	-17.66M	-7.98M	-8.93M
	Net Income Common Stockholders
-19.09M	-2.89M	-12.90M	-20.39M	-9.71M	-10.25M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
23.79M	17.77M	17.09M	28.23M	33.85M	13.10M
	Total Assets
52.22M	50.53M	50.97M	54.84M	57.53M	19.97M
	Total Debt
4.30M	2.66M	3.65M	1.60M	422.00K	25.91M
	Net Debt
-18.96M	-14.57M	-12.41M	-22.13M	-33.43M	12.81M
	Total Liabilities
18.31M	17.89M	21.86M	17.87M	13.36M	34.08M
	Stockholders Equity
33.91M	33.97M	28.90M	36.97M	44.17M	-14.11M
Cash Flow		Free Cash Flow
2.78M	1.08M	-14.30M	-18.39M	398.00K	-3.23M
	Operating Cash Flow
3.54M	3.03M	-10.84M	-13.28M	5.52M	-648.34K
	Investing Cash Flow
9.41M	-863.00K	327.00K	11.00K	-19.75M	-2.57M
	Financing Cash Flow
-1.09M	-987.00K	2.81M	3.14M	35.49M	10.50M

Airtasker Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ART, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.30, and below the 200-day MA of 0.32, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.73 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ART.

Airtasker Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REA	72 Outperform	AU$30.72B	49.77	37.91%	0.92%	20.28%	118.95%
CAR	71 Outperform	€13.45B	52.38	8.51%	2.32%	17.01%	-26.92%
Sector *	61 Neutral	$14.78B	5.89	-4.32%	3.67%	2.75%	-30.30%
MYR	61 Neutral	AU$1.19B	24.73	8.55%	5.59%	-2.43%	-49.64%
SEK	54 Neutral	$8.46B	1,306.04	1.71%	1.91%	-14.38%	-92.03%
ART	48 Neutral	AU$136.30M	―	-67.56%	―	7.30%	-286.24%

Airtasker Ltd Corporate Events

Airtasker Ltd Announces Quotation of New Securities on ASX

Airtasker Ltd has announced the application for quotation of 213,285 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is likely to enhance employee engagement and align their interests with the company’s growth, potentially impacting Airtasker’s market position positively by reinforcing its operational capabilities.

Airtasker Strengthens Market Position with Strategic Partnerships

Airtasker Limited announced a presentation by its CEO and CFO at an investor briefing hosted by Taylor Collison. The company continues to strengthen its market position by enhancing its service offerings and expanding its brand presence through strategic partnerships, such as its involvement with Formula One. This move is expected to bolster Airtasker’s reputation and attract more stakeholders, potentially increasing its market share in the online services marketplace.

Airtasker Ltd Announces Quotation of New Securities on ASX

Airtasker Ltd has announced the application for the quotation of new securities on the Australian Securities Exchange (ASX). The company is set to quote a total of 427,361 ordinary fully paid securities, issued under an employee incentive scheme. This move is part of Airtasker’s strategy to enhance its market presence and operational capacity, potentially impacting its stakeholders by increasing the liquidity of its shares and incentivizing employee performance.

Airtasker Ltd Announces Cessation of Securities

Airtasker Ltd announced the cessation of 399,393 options and rights securities due to their expiry without exercise or conversion as of March 31, 2025. This development may impact the company’s issued capital and could influence stakeholder perceptions regarding its financial strategies and market positioning.

Airtasker Ltd Issues Unquoted Equity Securities to Employees

Airtasker Ltd announced the issuance of unquoted equity securities under an employee incentive scheme. This move involves the distribution of options and rights that are not immediately tradable on the ASX, reflecting a strategic effort to incentivize and retain employees, potentially impacting the company’s operational dynamics and employee engagement.

Airtasker Announces Director’s Interest Change

Airtasker Limited has announced a change in the director’s interest, with Ellen Frances Comerford acquiring an additional 85,786 rights under the NED Equity Plan, increasing her total to 1,349,862 rights. This change, valued at $25,000 in foregone director fees, reflects the company’s ongoing commitment to aligning director interests with company performance, potentially impacting its governance and stakeholder confidence.

Airtasker Ltd Announces Change in Director’s Interest

Airtasker Ltd has announced a change in the director’s interest notice, specifically concerning Catherine Ann O’Connor. The update reveals that O’Connor has acquired 13,726 Rights under the NED Equity Plan, increasing her total holdings to 111,622 Rights, while maintaining her 150,000 Fully Paid Ordinary Shares. This change reflects a strategic move within the company’s governance, potentially impacting its operational dynamics and signaling confidence in its future growth prospects.