Airtasker Ltd (ART) AI Stock Analysis

• Market Cap: AU$136.31M
• Dividend Yield: N/A
• Average Volume (3M): 248.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.88
• Revenue Growth: 7.30%
• EPS Growth: -286.24%
• Country: AU
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 84
• Industry: Internet Content & Information
• EPS (TTM): -0.04
• Shares Outstanding: 454,357,880
• 10 Day Avg. Volume: 389,555
• 30 Day Avg. Volume: 248,932
• PEG Ratio: 0.16
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.96
• 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: 58 Neutral
• Price Target: AU$0.50 ▲(66.67%Upside)

Airtasker Ltd's overall stock score is primarily influenced by its financial performance, which shows revenue growth and improved cash flow but faces notable profitability issues. The technical analysis provides a mixed signal, with some potential for recovery. The valuation is concerning due to negative profitability and lack of dividends. These factors collectively result in a moderate overall score.

Airtasker Ltd Business Overview & Revenue Model

Company Description

Airtasker Limited operates technology-enabled online marketplaces for local services in Australia. Its platform provides a range of services, such as handyman services, including home maintenance, installations and assembly, repairs, art/mirror hanging, general labor, and other services. The company also offers house, window, gutter, carpet, and commercial cleaning services. In addition, the company provides delivery services comprising of furniture, food, flyer, grocery, and alcohol delivery services. Further, the company offers garden landscapers, mowing and gardening, garden maintenance, and local gardening services. Additionally, the company provides alternator replacement, headlight bulb replacement, car speaker and LED lights installation, and mobile auto electrician services, as well as offers assembly services for furniture, gym and exercise equipment, and toys. Airtasker Limited was incorporated in 2011 and is based in Haymarket, Australia.

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
EBITDA	-16.15M	451.00K	-7.83M	-17.66M	-7.98M	-8.93M
Net Income	-19.09M	-2.89M	-12.90M	-20.39M	-9.71M	-10.25M
Balance Sheet
Total Assets	88.18M	50.53M	50.97M	54.84M	57.53M	19.97M
Cash, Cash Equivalents and Short-Term Investments	18.32M	17.77M	17.09M	28.23M	33.85M	13.10M
Total Debt	2.13M	2.66M	3.65M	1.60M	422.00K	25.91M
Total Liabilities	65.15M	17.89M	21.86M	17.87M	13.36M	34.08M
Stockholders Equity	26.63M	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: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ART, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.30, and below the 200-day MA of 0.33, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 60.80 is Neutral, neither overbought nor oversold. The STOCH value of 90.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ART.

Airtasker Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	£1.91B	10.33	-3.58%	3.53%	3.34%	-85.67%
ART	58 Neutral	AU$136.31M	―	-67.56%	―	7.30%	-286.24%
CHL	49 Neutral	AU$26.10M	―	-21.61%	―	-13.27%	-273.80%
RNT	47 Neutral	AU$27.83M	―	-103.20%	―	5.14%	26.39%
RMY	40 Underperform	AU$17.94M	―	-910.77%	―	3.67%	72.22%

Airtasker Ltd Corporate Events

Airtasker Ltd Announces Quotation of New Securities on ASX

Airtasker Ltd has announced the application for the quotation of 24,464 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is part of the company’s strategy to motivate and retain talent while potentially increasing its market visibility and investor interest.

The most recent analyst rating on (AU:ART) stock is a Buy with a A$0.54 price target. To see the full list of analyst forecasts on Airtasker Ltd stock, see the AU:ART Stock Forecast page.

Airtasker Ltd Announces Cessation of Securities

Airtasker Ltd has announced the cessation of 736,572 securities due to the expiry of options or other convertible securities without exercise or conversion as of June 30, 2025. This announcement may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s strategic financial management and market positioning.

The most recent analyst rating on (AU:ART) stock is a Buy with a A$0.54 price target. To see the full list of analyst forecasts on Airtasker Ltd stock, see the AU:ART Stock Forecast page.

Airtasker Issues Unquoted Equity Securities to Employees

Airtasker Ltd has announced the issuance of unquoted equity securities under an employee incentive scheme. This move involves the allocation of options and rights, which are subject to transfer restrictions and are not immediately quoted on the ASX. The issuance is part of the company’s strategy to incentivize employees, potentially impacting its operational dynamics and aligning employee interests with company growth.

The most recent analyst rating on (AU:ART) stock is a Buy with a A$0.54 price target. To see the full list of analyst forecasts on Airtasker Ltd stock, see the AU:ART Stock Forecast page.

Airtasker Ltd Announces Director’s Interest Change

Airtasker Ltd has announced a change in the director’s interest, with Ellen Frances Comerford acquiring an additional 95,361 rights under the NED Equity Plan, bringing her total to 1,445,223 rights. This change, valued at $25,000 in foregone director fees, reflects the company’s ongoing commitment to aligning director interests with shareholder value, potentially impacting stakeholder confidence and market perception.

The most recent analyst rating on (AU:ART) stock is a Buy with a A$0.54 price target. To see the full list of analyst forecasts on Airtasker Ltd stock, see the AU:ART Stock Forecast page.

Airtasker Ltd Updates Director’s Interest in Securities

Airtasker Ltd announced a change in the director’s interest notice, specifically regarding Catherine Ann O’Connor. The update involves the acquisition of 15,258 rights under the NED Equity Plan, increasing her total holdings to 126,880 rights. This change reflects the company’s ongoing adjustments in its executive compensation structure, potentially impacting stakeholder perceptions of governance and director incentives.

The most recent analyst rating on (AU:ART) stock is a Buy with a A$0.54 price target. To see the full list of analyst forecasts on Airtasker Ltd stock, see the AU:ART Stock Forecast page.

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.