Added to YB: 2026-07-08
Pitch date: 2026-07-05
ART.AX [bullish]
Airtasker Limited
-2.27%
current return
Author Info
No bio for this author
Company Info
Airtasker Limited engages in the provision of technology-enabled online marketplaces for local services in Australia.
Market Cap
AUD 107.2M
Pitch Price
AUD 0.22
Price Target
2.20 (+900%)
Dividend
N/A
EV/EBITDA
-1.79
P/E
-3.14
EV/Sales
1.24
Sector
Interactive Media and Services
Category
growth
Trading Equity for Airtime: Airtasker (ASX:ART)
ART.AX: Aussie two-sided services marketplace, 90% rev from mature, cash-generative AU biz (31% EBITDA margin, 95%+ GM). Ugly GAAP losses distorted by non-cash media-equity deals funding UK/US expansion. FY25 rev $52.6m (+13%), +FCF. EV ~$100m prices in expansion failure/dilution; est ~10-20% dilution. Downside protected by AU alone. 3yr target $0.45 (double) at 10x EBITDA; 10x possible if intl succeeds. Risks: gig worker payroll-tax ruling, AU growth stall, intl flop.
Read full article (11 min)