Upwork may be overvalued with mixed growth prospects, but the 11 analysts following the company give it an average rating of buy. The analysts have set target prices ranging from $13.0 to $28.0 per share, for an average of $17.91. At today's price of $9.88, Upwork is trading -44.84% away from its average target price, suggesting there is an analyst consensus of strong upside potential.
Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. Based in Santa Clara, CA, the mid-cap Industrials company has 850 full time employees. Upwork has not offered a dividend during the last year.
Upwork does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of 0.34, the company has a forward P/E ratio of 29.1. In comparison, the average P/E ratio for the Industrials sector is 20.49. Furthermore, Upwork is likely overvalued compared to its book value, since its P/B ratio of 5.3 is higher than the sector average of 3.78.
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (k) | $300,562 | $373,628 | $502,797 | $618,318 |
| Revenue Growth | n/a | 24.31% | 34.57% | 22.98% |
| Gross Margins | 70.7% | 72.1% | 73.0% | 74.1% |
| Gross Margins Growth | n/a | 1.98% | 1.25% | 1.51% |
| Operating Margins | -6.2% | -6.0% | -10.8% | -15.0% |
| Operating Margins Growth | n/a | 3.23% | -80.0% | -38.89% |
| Net Margins | -5.54% | -6.12% | -11.19% | -14.54% |
| Net Margins Growth | n/a | -10.47% | -82.84% | -29.94% |
| Earnings Per Share | -$0.15 | -$0.19 | -$0.44 | -$0.7 |
| EPS Growth | n/a | -26.67% | -131.58% | -59.09% |
| Diluted Shares (MM) | 110 | 119 | 127 | 132 |
| Free Cash Flow (k) | -$15,580 | $8,000 | $4,699 | -$2,174 |
| FCF Growth | n/a | 151.35% | -41.26% | -146.27% |
| Capital Expenditures (k) | -$16,638 | -$14,365 | -$6,137 | -$8,733 |
| LT Debt to Equity | 0.04 | 0.01 | 2.16 | 2.27 |
