UPWORK INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.92 USD | -1.49% |
|
-7.53% | -19.84% |
| May. 03 | North American Morning Briefing : Apple, Amgen -2- | DJ |
| May. 02 | Top Premarket Gainers | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,195 | 4,214 | 4,380 | 1,371 | 2,024 | 1,585 | - | - |
| Enterprise Value (EV) 1 | 1,195 | 4,214 | 4,771 | 1,817 | 2,300 | 1,803 | 1,627 | 1,306 |
| P/E ratio | -71.1 x | -182 x | -77.6 x | -15.1 x | 248 x | 24.5 x | 19.9 x | 16.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.98 x | 11.3 x | 8.71 x | 2.22 x | 2.94 x | 2.04 x | 1.83 x | 1.65 x |
| EV / Revenue | 3.98 x | 11.3 x | 9.49 x | 2.94 x | 3.34 x | 2.32 x | 1.88 x | 1.36 x |
| EV / EBITDA | 161 x | 301 x | 249 x | -451 x | 31.5 x | 12.4 x | 9.15 x | 6.15 x |
| EV / FCF | -123 x | 527 x | 1,015 x | -836 x | 47.6 x | 15 x | 9.57 x | - |
| FCF Yield | -0.81% | 0.19% | 0.1% | -0.12% | 2.1% | 6.67% | 10.5% | - |
| Price to Book | - | - | - | - | 5.36 x | - | - | - |
| Nbr of stocks (in thousands) | 112,021 | 122,074 | 128,234 | 131,342 | 136,109 | 132,943 | - | - |
| Reference price 2 | 10.67 | 34.52 | 34.16 | 10.44 | 14.87 | 11.92 | 11.92 | 11.92 |
| Announcement Date | 2/26/20 | 2/23/21 | 2/10/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 300.6 | 373.6 | 502.8 | 618.3 | 689.1 | 778.6 | 867.5 | 962.7 |
| EBITDA 1 | 7.438 | 14.02 | 19.13 | -4.029 | 73.13 | 145 | 177.7 | 212.4 |
| EBIT 1 | -18.73 | -22.41 | -54.22 | -12.09 | 63.82 | 133.3 | 168.1 | 197.8 |
| Operating Margin | -6.23% | -6% | -10.78% | -1.95% | 9.26% | 17.12% | 19.38% | 20.55% |
| Earnings before Tax (EBT) 1 | -16.63 | -22.72 | -56.12 | -89.35 | 48.88 | 74.67 | 83.67 | 124.4 |
| Net income 1 | -16.66 | -22.87 | -56.24 | -89.88 | 46.89 | 60.55 | 86.49 | 101.4 |
| Net margin | -5.54% | -6.12% | -11.19% | -14.54% | 6.8% | 7.78% | 9.97% | 10.53% |
| EPS 2 | -0.1500 | -0.1900 | -0.4400 | -0.6900 | 0.0600 | 0.4860 | 0.6000 | 0.7100 |
| Free Cash Flow 1 | -9.694 | 8 | 4.699 | -2.174 | 48.32 | 120.2 | 170 | - |
| FCF margin | -3.23% | 2.14% | 0.93% | -0.35% | 7.01% | 15.44% | 19.6% | - |
| FCF Conversion (EBITDA) | - | 57.05% | 24.57% | - | 66.07% | 82.9% | 95.69% | - |
| FCF Conversion (Net income) | - | - | - | - | 103.06% | 198.51% | 196.61% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/26/20 | 2/23/21 | 2/10/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 136.9 | 141.3 | 156.9 | 158.6 | 161.4 | 160.9 | 168.6 | 175.7 | 183.9 | 190.9 | 193 | 195.1 | 199.8 | 209.2 | 214.1 |
| EBITDA 1 | -3.269 | -0.433 | -1.865 | -2.868 | 1.137 | -2.926 | 14.36 | 31.23 | 30.47 | 33.32 | 34.91 | 37.3 | 39.49 | 39.58 | 44.01 |
| EBIT 1 | -21.81 | -2.442 | -3.881 | -4.85 | -0.913 | -4.95 | 12.51 | 29.46 | 26.8 | 30.18 | 31.6 | 34.41 | 36.73 | 36 | 40.71 |
| Operating Margin | -15.93% | -1.73% | -2.47% | -3.06% | -0.57% | -3.08% | 7.42% | 16.77% | 14.57% | 15.81% | 16.37% | 17.64% | 18.39% | 17.21% | 19.01% |
| Earnings before Tax (EBT) 1 | -22.49 | -24.71 | -23.79 | -24.79 | -16.06 | 17.96 | -2.134 | 17.23 | 15.82 | 19.77 | 16.36 | 17.59 | 19.69 | 25.22 | 23.59 |
| Net income 1 | -22.56 | -24.74 | -23.82 | -24.83 | -16.5 | 17.17 | -3.991 | 16.34 | 17.37 | 18.44 | 14.31 | 15.65 | 17.3 | 27.74 | 25.95 |
| Net margin | -16.48% | -17.5% | -15.18% | -15.65% | -10.22% | 10.67% | -2.37% | 9.3% | 9.45% | 9.66% | 7.41% | 8.02% | 8.66% | 13.26% | 12.12% |
| EPS 2 | -0.1800 | -0.1900 | -0.1800 | -0.1900 | -0.1300 | 0.1300 | -0.0300 | 0.1200 | 0.1300 | 0.1300 | 0.1100 | 0.1160 | 0.1300 | 0.1800 | 0.1700 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/22 | 4/27/22 | 7/27/22 | 10/26/22 | 2/15/23 | 5/3/23 | 8/2/23 | 11/7/23 | 2/14/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 391 | 446 | 276 | 218 | 42.1 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 279 |
| Leverage (Debt/EBITDA) | - | - | 20.43 x | -110.7 x | 3.78 x | 1.504 x | 0.237 x | - |
| Free Cash Flow 1 | -9.69 | 8 | 4.7 | -2.17 | 48.3 | 120 | 170 | - |
| ROE (net income / shareholders' equity) | - | - | 2.69% | -2.84% | 22.4% | 25.7% | 27.2% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | 2.780 | - | - | - |
| Cash Flow per Share | - | - | 0.0900 | 0.0500 | - | - | - | - |
| Capex | 10.8 | 14.4 | 6.14 | - | 0.69 | - | - | - |
| Capex / Sales | 3.58% | 3.84% | 1.22% | - | 0.1% | - | - | - |
| Announcement Date | 2/26/20 | 2/23/21 | 2/10/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
11.92
USD
Average target price
18.6
USD
Spread / Average Target
+56.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.84% | 1.58B | |
| +43.59% | 2.07B | |
| +22.67% | 1.14B | |
| +2.42% | 1.09B | |
| -5.31% | 702M | |
| +1.22% | 650M | |
| -27.14% | 66.56M |
- Stock Market
- Equities
- UPWK Stock
- Financials Upwork Inc.
