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Airtasker Ltd (AU:ART)
ASX:ART
Australian Market

Airtasker Ltd (ART) AI Stock Analysis

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AU

Airtasker Ltd

(Sydney:ART)

Rating:48Neutral
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 (ART) vs. iShares MSCI Australia ETF (EWA)

Airtasker Ltd Business Overview & Revenue Model

Company DescriptionAirtasker 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 MoneyAirtasker 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
65
Positive
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
48
Neutral
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
70
Positive
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
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
49.02M46.64M44.17M31.47M26.57M19.26M
Gross Profit
35.41M41.93M13.90M6.52M5.44M18.03M
EBIT
-18.85M-5.53M-12.60M-20.36M-11.01M-8.06M
EBITDA
-16.15M451.00K-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 SheetCash, Cash Equivalents and Short-Term Investments
23.79M17.77M17.09M28.23M33.85M13.10M
Total Assets
52.22M50.53M50.97M54.84M57.53M19.97M
Total Debt
4.30M2.66M3.65M1.60M422.00K25.91M
Net Debt
-18.96M-14.57M-12.41M-22.13M-33.43M12.81M
Total Liabilities
18.31M17.89M21.86M17.87M13.36M34.08M
Stockholders Equity
33.91M33.97M28.90M36.97M44.17M-14.11M
Cash FlowFree Cash Flow
2.78M1.08M-14.30M-18.39M398.00K-3.23M
Operating Cash Flow
3.54M3.03M-10.84M-13.28M5.52M-648.34K
Investing Cash Flow
9.41M-863.00K327.00K11.00K-19.75M-2.57M
Financing Cash Flow
-1.09M-987.00K2.81M3.14M35.49M10.50M

Airtasker Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.30
Price Trends
50DMA
0.30
Positive
100DMA
0.33
Negative
200DMA
0.32
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
47.73
Neutral
STOCH
52.38
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 0.31, 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 52.38 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$14.60B5.95-4.32%3.69%2.76%-30.49%
AUART
48
Neutral
AU$134.03M-67.56%7.30%-286.24%
DEWN6
€7.67B48.758.51%2.32%
$19.96B49.1737.91%0.92%
$5.51B1,053.441.71%1.91%
DE30M
€673.19M21.548.55%5.81%
AUFCL
AU$710.85M-3.69%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ART
Airtasker Ltd
0.30
0.05
20.00%
DE:WN6
CAR Group
20.20
-1.32
-6.13%
RPGRF
REA Group Ltd
151.64
28.16
22.81%
SKLTF
Seek Limited
13.80
-1.26
-8.37%
DE:30M
Myer Holdings Limited
0.36
0.00
0.00%
AU:FCL
FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
2.10
0.60
40.00%

Airtasker Ltd Corporate Events

Airtasker Ltd Announces Quotation of New Securities on ASX
May 6, 2025

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
May 2, 2025

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
Apr 4, 2025

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
Apr 4, 2025

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
Apr 4, 2025

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
Apr 4, 2025

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
Apr 4, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.