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Freelancer Limited (FLN) Fair Value & Analysis

Communication Services · AU · Market cap A$45.1M

FL Freelancer Limited FLN · AU
PriceA$0.1400
Fair ValueA$0.0800
Upside-42.9%
Quality65/100
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Weak Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 31/100
Evidence: Medium Range A$0.0600 – A$0.1000 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Share price +40.0% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.1000). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$1.28 A$0.0970 Fair Value A$0.0800 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range A$0.0970 – A$1.28 · fair‑value band A$0.0600 – A$0.1000 · the A$0.1400 price screens above the A$0.0800 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Freelancer Limited (FLN) currently trades at A$0.1400, while our model-based Fair Value estimate is A$0.0800, implying the stock looks roughly 42.9% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Freelancer Limited generated revenue of A$53.2M at a net margin of 4.1%. Revenue grew 0.4% year over year. It earns a return on equity of 8.4%. The balance sheet holds a net cash position of A$10.5M. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$0.0600 (bear case) to A$0.1000 (bull case); at A$0.1400, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 57% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at -43%, FLN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$0.1800 A$0.2200 A$0.2800 80
Residual Income A$0.0400 A$0.0400 A$0.0500 76
Rev-Margin DCF A$0.1000 A$0.1200 A$0.1400 74
All 26 models by family
DCF Models
FCF DCF A$0.1800 A$0.2300 A$0.3000 38
Owner Earnings A$0.1600 A$0.2000 A$0.2600 31
5Y Revenue Exit A$0.1000 A$0.1200 A$0.1300 39
5Y EBITDA Exit A$0.1500 A$0.2100 A$0.2800 41
5Y P/E Exit A$0.1300 A$0.1800 A$0.2200 38
10Y Revenue Exit A$0.1300 A$0.1500 A$0.1800 36
10Y EBITDA Exit A$0.1600 A$0.2100 A$0.2700 37
10Y P/E Exit A$0.1500 A$0.1900 A$0.2300 35
Earnings-Based
Graham-Dodd A$0.0300 A$0.1100 A$0.1400 54
Lynch FV A$0.0200 A$0.0300 A$0.0400 50
PEG = 1.0 A$0.0200 A$0.0300 A$0.0400 46
EPV A$0.0400 A$0.0400 A$0.0400 59
Dividend Discount
Gordon GGM A$0.3000 A$0.5000 A$0.6500 70
DDM Multi-Stage A$0.3000 A$0.4500 A$0.5400 61
Multiples
P/E Multiple A$0.0800 A$0.1000 A$0.1300 63
P/S Multiple A$0.0600 A$0.0800 A$0.1000 58
P/B Multiple A$0.0600 A$0.0800 A$0.1000 55
EV/EBIT A$0.0600 A$0.0600 A$0.0700 53
EV/EBITDA A$0.1500 A$0.1900 A$0.2300 54
EV/Revenue A$0.0500 A$0.0600 A$0.0600 43
Asset-Based
NCAV (Graham) A$0.0300 A$0.0300 A$0.0500 50
Growth DCF
Growth DCF A$0.1800 A$0.2200 A$0.2800 80
Rev-Margin DCF A$0.1000 A$0.1200 A$0.1400 74
Economic Profit
Residual Income A$0.0400 A$0.0400 A$0.0500 76
ROIC Compounder A$0.0400 A$0.0400 A$0.0400 72
Growth Earnings
Growth-Adj P/E A$0.0600 A$0.0900 A$0.1200 68

Widest divergence: Dividend Discount (A$0.4500) versus Earnings-Based (A$0.0300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$53.2M
Revenue growth (YoY) +0.4%
Net margin 4.1%
Return on equity 8.4%
Free cash flow A$7.4M FY2025
Operating margin -2.6%
More key figures
EPS growth (YoY) +36.5%
Net cash A$10.5M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 25

Profitability 39
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. The company operates in two segments, Online Marketplace and Online Payment Services.

Full company description

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. The company operates in two segments, Online Marketplace and Online Payment Services. Its marketplace allows employers to hire freelancers in the field of software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. The company connects employers and freelancers from approximately 247 countries, regions, and territories. It also provides escrow payment services. The company was founded in 2009 and is based in Sydney, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Freelancer Limited reported revenue of A$53.2M in FY2025 versus A$57.4M in FY2021, a compound −1.9%/yr. Reported net income was A$2.2M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$53.2M
Latest YoY
+4.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.0%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.8%
Revenue −1.9%/yr
FY21 A$57.4M
FY22 A$55.7M
FY23 A$53.3M
FY24 A$51.0M
FY25 A$53.2M
Net income
FY21 −A$2.3M
FY22 −A$5.4M
FY23 A$189K
FY24 −A$814K
FY25 A$2.2M

FLN screens 43% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "Freelancer Limited Fair Value". https://www.fairvalue-calculator.com/stock/FLN

Peer Group

Internet Content & Information · 155 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Above median
Fair Value upside −43% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 1% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) -3% · Below median
Revenue growth 0% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/B 1.40× · Cheaper than median
P/S (TTM) 0.60× · Cheaper than median
P/FCF 4.3× · Cheaper than median
EV/EBITDA 18.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 2 · sector 31
PAST 33 · sector 10
HEALTH 93 · sector 99
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Spotify Technology S.A SPOT $489.60 $210.99 -57%
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Kuaishou Technology, an investment holding company, 1024 HK$41.54 HK$84.61 +104%
NAVER Corporation 035420 215,500 KRW 231,585 KRW +7%
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Kakao Corp 035720 40,100 KRW 24,536 KRW -39%

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Frequently asked questions

Is Freelancer Limited (FLN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$0.0800 versus a price of A$0.1400, about −43% (overvalued).
What is the fair value of FLN?
Our model-based fair value for Freelancer Limited is A$0.0800 (as of Aug 13, 2026), built from audited fundamentals. The current price is A$0.1400.
What is the quality score of FLN?
Freelancer Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Freelancer Limited (FLN)?
Freelancer Limited reported trailing-twelve-month revenue of about A$53.2M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of FLN?
The net profit margin of Freelancer Limited is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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