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Frontier Digital Ventures Limited is a private equity firm specializing in investing and developing online classifieds business in emerging markets. The firm prefers to invest in property and automotive verticals and general classifieds/marketplace websites. Frontier Digital Ventures Limited was founded in May 2014 and is based in Kuala Lumpur, Malaysia with an additional office in Melbourne, Australia.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Frontier Digital Ventures is an Australia-listed investor in online classifieds and digital marketplaces operating across emerging and frontier markets such as Southeast Asia and Latin America. Long-term growth drivers include rising internet and smartphone penetration, shifts from offline to online commerce, and potential value creation from scaling and exits that may benefit portfolio companies. The company's diversified portfolio appears positioned to provide exposure to digitisation trends outside developed markets.
Principal risks include limited liquidity, early-stage and minority stakes, execution and competitive challenges, and currency and regulatory volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -17.85M | -8.93M | -8.87M | -12.82M | -19.73M |
| Minority interest | - | 0.84M | 2.08M | 1.48M | 4.40M |
| Net income | -18.01M | -10.27M | -8.60M | -12.02M | -19.51M |
| Selling general administrative | - | 32.96M | 34.81M | 38.57M | 35.33M |
| Selling and marketing expenses | - | 9.79M | 9.49M | 9.36M | 9.33M |
| Gross profit | 16.10M | 23.74M | 17.04M | 44.55M | 41.17M |
| Reconciled depreciation | - | 7.21M | 7.80M | 11.15M | 11.76M |
| Ebit | -1.95M | -5.41M | -10.52M | -9.15M | -18.75M |
| Ebitda | 7.82M | -3.31M | -2.72M | 2.00M | -6.99M |
| Depreciation and amortization | 9.76M | 2.10M | 7.80M | 11.15M | 11.76M |
| Operating income | -1.95M | -8.03M | -3.33M | -9.15M | -18.75M |
| Other operating expenses | 56.78M | 76.12M | 71.74M | 74.94M | 69.14M |
| Interest expense | 0.18M | 0.05M | 0.77M | 2.27M | 0.52M |
| Tax provision | - | 0.45M | -0.62M | -0.80M | -0.22M |
| Interest income | - | 0.25M | 0.28M | 0.22M | 0.11M |
| Net interest income | - | 0.20M | -0.49M | -2.04M | -0.41M |
| Extraordinary items | - | -1.73M | -2.33M | 0.00M | 0.00M |
| Income tax expense | 0.63M | 0.45M | -0.53M | -0.80M | -0.22M |
| Total revenue | 54.83M | 68.08M | 67.92M | 59.16M | 51.41M |
| Total operating expenses | 18.05M | 31.77M | 20.38M | 60.34M | 58.90M |
| Cost of revenue | 38.73M | 44.35M | 49.41M | 14.61M | 10.24M |
| Total other income expense net | -15.90M | -0.90M | -5.54M | -3.67M | -0.98M |
| Net income from continuing ops | - | -9.38M | -10.68M | -12.02M | -19.51M |
| Net income applicable to common shares | - | -10.27M | -8.60M | -10.54M | -15.10M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 119.26M | 152.08M | 148.87M | 169.68M | 180.34M |
| Intangible assets | 8.45M | 14.36M | 15.55M | 18.24M | 22.28M |
| Other current assets | 0.40M | 4.06M | 1.21M | 0.01M | 0.02M |
| Total liab | 14.36M | 23.41M | 23.95M | 57.15M | 77.63M |
| Total stockholder equity | 110.62M | 133.81M | 130.08M | 115.39M | 105.51M |
| Other current liab | 8.13M | 13.19M | 12.79M | 45.39M | 25.35M |
| Common stock | 261.37M | 260.94M | 260.72M | 236.19M | 218.92M |
| Capital stock | - | - | 260.72M | 236.19M | 218.92M |
| Retained earnings | -102.18M | -85.42M | -75.15M | -66.85M | -56.32M |
| Other liab | - | - | - | 2.25M | 41.88M |
| Good will | 81.97M | 102.46M | 94.22M | 96.71M | 94.09M |
| Other assets | - | - | - | 0.12M | 0.13M |
| Cash | 9.16M | 9.67M | 14.85M | 26.62M | 36.18M |
| Total current liabilities | 13.94M | 22.32M | 22.60M | 54.59M | 35.35M |
| Current deferred revenue | 2.44M | - | 2.31M | 2.56M | 3.75M |
| Net debt | -8.17M | -8.52M | -13.69M | -25.13M | -34.56M |
| Short term debt | 0.75M | 0.67M | 0.78M | 1.18M | 1.23M |
| Short long term debt | - | - | 0.18M | 0.19M | 0.46M |
| Short long term debt total | 0.99M | 1.14M | 1.16M | 1.49M | 1.62M |
| Other stockholder equity | - | -0.00M | - | -54.53M | -57.09M |
| Property plant equipment | - | - | - | 2.71M | 3.30M |
| Total current assets | 20.71M | 28.55M | 32.72M | 43.19M | 51.74M |
| Long term investments | - | - | 3.98M | 8.72M | 8.80M |
| Net tangible assets | - | - | - | 0.44M | -10.86M |
| Short term investments | 1.56M | 1.10M | 1.36M | 1.27M | 1.11M |
| Net receivables | 9.59M | 13.71M | 15.30M | 14.97M | 13.47M |
| Long term debt | - | - | 0.13M | 0.17M | 0.05M |
| Inventory | - | - | - | 0.31M | 0.96M |
| Accounts payable | 2.61M | 8.47M | 6.73M | 5.46M | 5.02M |
| Accumulated other comprehensive income | -48.56M | -41.72M | -55.49M | -53.95M | -57.09M |
| Non currrent assets other | - | 0.07M | - | - | - |
| Non current assets total | 98.55M | 123.53M | 116.16M | 126.50M | 128.60M |
| Capital lease obligations | - | - | 0.85M | 1.13M | 1.12M |
| Long term debt total | - | - | - | 0.31M | 0.39M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -6.09M | -22.42M | -31.71M | -1.33M |
| Change to liabilities | - | - | - | 1.71M | 0.08M |
| Total cashflows from investing activities | -1.39M | -6.09M | -22.42M | -31.71M | -50.17M |
| Net borrowings | - | 0.04M | 0.03M | -0.62M | -0.65M |
| Total cash from financing activities | -0.41M | -0.39M | 15.10M | 16.16M | 33.29M |
| Net income | -18.42M | -10.27M | -8.60M | -12.02M | -15.10M |
| Change in cash | -0.51M | -5.17M | -1.73M | -19.54M | -23.04M |
| Begin period cash flow | 9.67M | 14.85M | 16.58M | 36.12M | 59.16M |
| End period cash flow | 9.16M | 9.68M | 14.85M | 16.58M | 36.12M |
| Total cash from operating activities | 2.44M | 0.15M | 3.71M | -0.87M | -5.65M |
| Issuance of capital stock | - | - | 17.06M | 18.94M | 35.00M |
| Depreciation | 9.76M | 7.33M | 7.80M | 11.15M | 11.76M |
| Other cashflows from investing activities | - | -5.81M | -26.16M | -26.03M | -46.79M |
| Dividends paid | - | - | 1.44M | - | - |
| Change to account receivables | 3.98M | -0.34M | -2.72M | -1.19M | -0.02M |
| Sale purchase of stock | - | -0.00M | -1.44M | -2.16M | -1.06M |
| Other cashflows from financing activities | -0.41M | -0.42M | -0.55M | -0.62M | -0.65M |
| Change to netincome | - | - | - | -3.93M | -2.37M |
| Capital expenditures | 0.25M | 0.29M | 6.26M | 5.69M | 3.38M |
| Change in working capital | -4.40M | -2.18M | -2.16M | -2.62M | -5.51M |
| Stock based compensation | - | 0.55M | 0.65M | - | - |
| Other non cash items | 15.49M | 4.71M | 7.32M | 0.87M | 3.35M |
| Free cash flow | 2.18M | -0.14M | -2.55M | -6.55M | -9.03M |
Sector: Communication Services Industry: Internet Content & Information
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FDV Frontier Digital Ventures Ltd |
-0.01 3.39% |
0.28 | - | - | 3.82 | 1.09 | 2.51 | 30.80 |
| REA REA Group Ltd |
-5.20 2.89% |
174.81 | 35.23 | 27.40 | 11.92 | 11.16 | 10.39 | 18.84 |
| CAR CAR Group Ltd |
-0.60 2.25% |
26.07 | 32.13 | 23.20 | 8.07 | 3.50 | 8.67 | 15.88 |
| SEK Seek Ltd |
-0.05 0.34% |
14.53 | - | 25.91 | 4.06 | 2.30 | 4.68 | 30.33 |
| ART Airtasker Ltd |
-0.00 1.07% |
0.18 | - | - | 1.58 | 6.59 | 1.50 | 237.86 |
Frontier Digital Ventures Limited is a private equity firm specializing in investing and developing online classifieds business in emerging markets. The firm prefers to invest in property and automotive verticals and general classifieds/marketplace websites. Frontier Digital Ventures Limited was founded in May 2014 and is based in Kuala Lumpur, Malaysia with an additional office in Melbourne, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Shaun Antony Di Gregorio MBA | Founder, CEO & Non-Independent Exec. Director | NA |
| Mr. Jason Lau | Chief Financial Officer | NA |
| Mr. Jason Thoe | Chief Operating Officer | NA |
| Ms. Sylvia Lim | Group HR Director | NA |
| Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSP | Company Sec. & Independent Non-Exec. Director | 1964 |
| Ms. SJ. Yoogeetaa | Group Accountant | NA |
| Ms. Houyi Sow | Corp. Devel. Mang. | NA |
| Mr. Bruno Romão Rodrigues | Head of Digital Marketing | NA |
| Mr. Justin Seow | Head of Portfolio Strategy & Growth | NA |
| Mr. Ricardo Frechou | CEO of FDV LATAM | NA |
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