FLN 0.00% 18.0¢ freelancer limited

FLN share price used to follow Upwork's, but started lagging...

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  1. 34,339 Posts.
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    FLN share price used to follow Upwork's, but started lagging behind due to constant dumping from one fund. Once the sell-off is done, FLN should catch up, imo.

    Peer comparison:

    Fiverr: market cap USD$5.37B
    Upwork: market cap USD$2.26B
    FLN: market cap USD$0.16B

    Fiverr is valued at around 33 times of FLN,
    Upwork is valued at around 14 times of FLN.

    FLN also has payment division, Escrow.com which recently partnered with EBay Motors and EBay Watches.

    Given high valuation for many other ASX tech stocks with low revenue, FLN has Freelancer.com and Escrow.com two division, generating around $60m annual revenue, market cap is less than 4 times of annual revenue is ridiculous, imo.

    FLN, two founded directors hold 80% of the issued shares and they keep buying shares over last few years.

    Peer performance comparison:

    - Fiverr: Up 368%
    - Upwork: Up 124%
    - FLN: Up 19%

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