Added to YB: 2024-12-20
Pitch date: 2024-12-19
ART.AX [bullish]
Airtasker Limited
-41.33%
current return
Author Info
HD Capital Partners is a Sydney based fund manager specialising in smaller listed companies. Sign up for the newsletter.
Company Info
Airtasker Limited engages in the provision of technology-enabled online marketplaces for local services in Australia.
Market Cap
AUD 104.8M
Pitch Price
AUD 0.38
Price Target
0.62 (+182%)
Dividend
N/A
EV/EBITDA
-1.73
P/E
N/A
EV/Sales
1.20
Sector
Interactive Media and Services
Category
growth
Airtasker (ASX:ART) - Outlining the Thesis
ART.AX: Profitable AU biz ($40m+ rev, $12m+ EBITDA) funding UK/US growth. AU undervalued at 45-50c/share. UK/US ahead of AU at same stage. Media-for-equity deals ($51m) cap downside. Founder-led, aligned incentives. Conservative 15x EV/EBITDA multiple. Upside from intl growth. 57-62c/share valuation.
Read full article (14 min)