UPWK Valuation

Upwork Inc

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15.390

+0.48(3.219%)1D

Overview
Forecast
Valuation
Earnings

UPWK Relative Valuation

UPWK's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, UPWK is overvalued; if below, it's undervalued.

Historical Valuation

Upwork Inc (UPWK) is now in the Fair zone, suggesting that its current forward PS ratio of 2.59 is considered Fairly compared with the five-year average of 107.68. The fair price of Upwork Inc (UPWK) is between 6.35 to 40.73 according to relative valuation methord.

Relative Value

Fair Zone

6.35-40.73

Current Price：15.39

Fair

11.81

Trailing

Forward

8.45

EV/EBITDA

Upwork Inc. (UPWK) has a current EV/EBITDA of 8.45. The 5-year average EV/EBITDA is 68.88. The thresholds are as follows: Strongly Undervalued below -465.42, Undervalued between -465.42 and -198.27, Fairly Valued between 336.03 and -198.27, Overvalued between 336.03 and 603.18, and Strongly Overvalued above 603.18. The current Forward EV/EBITDA of 8.45 falls within the Historic Trend Line -Fairly Valued range.

9.38

EV/EBIT

Upwork Inc. (UPWK) has a current EV/EBIT of 9.38. The 5-year average EV/EBIT is -71.78. The thresholds are as follows: Strongly Undervalued below -271.91, Undervalued between -271.91 and -171.85, Fairly Valued between 28.29 and -171.85, Overvalued between 28.29 and 128.35, and Strongly Overvalued above 128.35. The current Forward EV/EBIT of 9.38 falls within the Historic Trend Line -Fairly Valued range.

2.59

Upwork Inc. (UPWK) has a current PS of 2.59. The 5-year average PS is 4.70. The thresholds are as follows: Strongly Undervalued below -2.54, Undervalued between -2.54 and 1.08, Fairly Valued between 8.32 and 1.08, Overvalued between 8.32 and 11.94, and Strongly Overvalued above 11.94. The current Forward PS of 2.59 falls within the Historic Trend Line -Fairly Valued range.

10.98

P/OCF

Upwork Inc. (UPWK) has a current P/OCF of 10.98. The 5-year average P/OCF is -61.99. The thresholds are as follows: Strongly Undervalued below -948.42, Undervalued between -948.42 and -505.21, Fairly Valued between 381.22 and -505.21, Overvalued between 381.22 and 824.43, and Strongly Overvalued above 824.43. The current Forward P/OCF of 10.98 falls within the Historic Trend Line -Fairly Valued range.

10.46

P/FCF

Upwork Inc. (UPWK) has a current P/FCF of 10.46. The 5-year average P/FCF is 141.74. The thresholds are as follows: Strongly Undervalued below -692.88, Undervalued between -692.88 and -275.57, Fairly Valued between 559.05 and -275.57, Overvalued between 559.05 and 976.37, and Strongly Overvalued above 976.37. The current Forward P/FCF of 10.46 falls within the Historic Trend Line -Fairly Valued range.

Upwork Inc (UPWK) has a current Price-to-Book (P/B) ratio of 3.35. Compared to its 3-year average P/B ratio of 4.82 , the current P/B ratio is approximately -30.53% higher. Relative to its 5-year average P/B ratio of 9.17, the current P/B ratio is about -63.48% higher. Upwork Inc (UPWK) has a Forward Free Cash Flow (FCF) yield of approximately 9.87%. Compared to its 3-year average FCF yield of 3.44%, the current FCF yield is approximately 186.53% lower. Relative to its 5-year average FCF yield of 2.16% , the current FCF yield is about 356.58% lower.

3.35

P/B

Median3y

4.82

Median5y

9.17

9.87

FCF Yield

Median3y

3.44

Median5y

2.16

Competitors Valuation Multiple

The average P/S ratio for UPWK's competitors is 0.89, providing a benchmark for relative valuation. Upwork Inc Corp (UPWK) exhibits a P/S ratio of 2.59, which is 191.93% above the industry average. Given its robust revenue growth of 0.94%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Barrett Business Services Inc

Heidrick & Struggles International Inc

AMN Healthcare Services Inc

Performance Decomposition

Market capitalization of UPWK increased by 47.27% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 11.51 to 16.79.

The secondary factor is the Revenue Growth, contributed 0.94%to the performance.

Overall, the performance of UPWK in the past 1 year is driven by Margin Expansion. Which is more sustainable.

0.94%

193.13M → 194.94M

Revenue Growth

45.87%

11.51 → 16.79

Margin Expansion

0.46%

8.89 → 8.94

P/E Change

47.27%