회사 개요
Fiverr International Ltd. operates a global online marketplace that facilitates the exchange of digital services between service providers and clients, offering capabilities such as logo design, blog post writing, video creation, website development, and social media marketing. The company functions within the Communication Services sector and specifically within the Internet Content & Information industry, positioning itself as a digital infrastructure provider for the gig economy. Its current market capitalization stands at $366.34M, while the firm generated annual revenue of $430.91M and employs a workforce of 528 individuals. These financial figures indicate that the company operates on a mid-cap scale with significant revenue generation relative to its employee base, suggesting high operational leverage and a substantial user ecosystem driving its marketplace model.
재무 건전성
The company reported revenue of $430.91M and net income of $20.98M over the trailing twelve months, while EBITDA reached $31.90M. The substantial gap between the $430.91M revenue and the $20.98M net income reveals a cost structure where operating expenses, including cost of revenue and general administrative costs, consume approximately 95% of top-line earnings before interest and taxes are considered. Free cash flow stands at $88.47M, which indicates that the business generates sufficient operating cash to cover capital expenditures and working capital needs, providing a buffer for financial flexibility during market fluctuations. The gross margin is reported at 81.6%, reflecting the high scalability of digital service delivery, whereas the operating margin sits at 5.0% and the profit margin at 4.9%, indicating that while revenue collection is efficient, overhead costs significantly impact the bottom line. The firm holds $282.92M in cash against $4.16M in debt, resulting in a debt-to-equity ratio of 1.01, which suggests a balance sheet that is largely conservative given the minimal debt load relative to equity. A current ratio of 1.93 demonstrates robust short-term liquidity, meaning the company possesses nearly double the current assets required to settle its short-term liabilities. Return on equity is 5.4% and return on assets is 1.2%, metrics that reveal management's ability to generate returns is moderate relative to the invested capital base.
밸류에이션 평가
The trailing twelve-month P/E ratio is 18.20, while the forward P/E is significantly lower at 4.73, implying that the market expects earnings to increase substantially in the coming year or that current earnings are temporarily suppressed. The price-to-book ratio is 0.89, indicating that the stock trades below its book value, which suggests the market values the company at less than the net asset value recorded on its balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 0.85 and an EV/EBITDA of 2.75 suggest the company is valued at a discount compared to traditional multiples often seen in high-growth internet firms. The 52-week high is $34.13 and the 52-week low is $9.67, providing a range within which the stock price has fluctuated over the past year. The stock's beta of 1.35 indicates that its price volatility is higher than the broader market, meaning the stock tends to move with greater magnitude than the overall index during periods of market stress or rally.
Growth & Income
Revenue growth over the year-over-year period is 3.4%, while earnings growth is -7.9%, indicating that earnings are currently declining faster than revenue, which often points to margin compression or one-time costs impacting profitability. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning that all available earnings are retained within the company rather than distributed to shareholders. This retention strategy implies that Fiverr International Ltd. prioritizes reinvesting its earnings into business expansion, technology upgrades, or market penetration to drive future growth rather than providing immediate income to investors. Consequently, the overall growth and income profile is characterized by capital appreciation potential through earnings retention rather than income generation via dividends, relying on the market's belief in future earnings recovery to drive stock performance.