Carly Holdings Limited (CL8) AI Stock Analysis

• Market Cap: AU$3.49M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: 46.26%
• EPS Growth: -10.88%
• Country: AU
• Employees: 21
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): N/A
• Shares Outstanding: 268,370,400
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.08
• Price to Book (P/B): -1.12
• Price to Sales (P/S): 1.03
• P/FCF Ratio: -0.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ―

Carly Holdings Limited's overall stock score reflects significant financial challenges, with persistent profitability and cash flow issues being the most critical concerns. Despite revenue growth, high leverage and negative equity signal financial instability. Technical analysis shows a lack of strong momentum, while valuation metrics highlight the risk associated with negative earnings. Strategic improvements are essential for enhancing financial health and investor confidence.

Carly Holdings Limited Business Overview & Revenue Model

Company Description

Carly Holdings Limited, an online technology company, provides car subscription and rental services for individuals and businesses in Australia and New Zealand. It operates Carly.co, a car subscription service; and DriveMyCar.com.au, a peer-to-peer car rental service. The company was formerly known as Collaborate Corporation Limited and changed its name to Carly Holdings Limited in December 2020. Carly Holdings Limited was incorporated in 1994 and is based in Sydney, Australia.

How the Company Makes Money

Carly Holdings Limited generates revenue primarily through its car subscription service. Customers subscribe to vehicles on a monthly basis, allowing them to select from various options that suit their needs and preferences. Revenue is driven by subscription fees, which are billed monthly and cover vehicle costs, maintenance, insurance, and other associated services. The company may also engage in partnerships with car manufacturers and dealerships, leveraging these relationships to expand its vehicle offerings and enhance its service capabilities. Additional income streams could include ancillary services such as insurance and maintenance packages offered as part of the subscription, providing a comprehensive and convenient solution for users.

Carly Holdings Limited Financial Statement Overview

Summary

Carly Holdings Limited shows significant revenue growth but struggles with profitability and cash flow generation. High leverage, negative equity, and persistent cash deficits highlight financial instability. While revenue trends are positive, operational inefficiencies and financial structure pose substantial risks. The company needs strategic improvements in cost management and capital structure to enhance overall financial health.

Income Statement

Carly Holdings Limited has shown substantial revenue growth over the years, increasing from AUD 1.03 million in 2019 to AUD 3.60 million in 2024. However, the company consistently reports negative EBIT and net income, indicating persistent operational inefficiencies and high costs. The gross profit margin is relatively stable but insufficient to cover operating expenses, leading to negative EBIT and net profit margins.

Balance Sheet

The company exhibits a high debt-to-equity ratio and negative stockholders' equity in 2024, indicating financial instability and high leverage. The equity ratio is negative due to negative equity, raising concerns about financial health and solvency. The company has also seen an increase in liabilities over assets in recent years.

Cash Flow

Carly Holdings Limited has consistently reported negative operating and free cash flows, reflecting challenges in generating sufficient cash from operations. The company has relied heavily on financing activities to cover its cash deficits. Despite some fluctuations, the overall trend shows increasing cash flow deficits, which could pose long-term sustainability risks.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.60M	2.10M	1.25M	996.84K	1.20M
Gross Profit	1.15M	728.71K	369.05K	389.30K	359.72K
EBITDA	-2.60M	-2.52M	-2.83M	-3.16M	-5.13M
Net Income	-4.18M	-3.14M	-3.01M	-3.36M	-5.37M
Balance Sheet
Total Assets	9.48M	6.18M	2.54M	4.30M	1.66M
Cash, Cash Equivalents and Short-Term Investments	1.31M	1.66M	805.41K	3.73M	1.43M
Total Debt	11.57M	4.47M	971.31K	382.81K	906.62K
Total Liabilities	12.82M	5.66M	2.02M	1.50M	1.78M
Stockholders Equity	-3.33M	516.72K	525.21K	2.80M	-127.43K
Cash Flow
Free Cash Flow	-7.15M	-3.66M	-3.04M	-2.81M	-3.06M
Operating Cash Flow	-2.01M	-1.89M	-2.77M	-2.76M	-3.06M
Investing Cash Flow	-5.14M	-1.76M	-465.46K	-51.90K	-4.40K
Financing Cash Flow	6.80M	4.51M	307.10K	5.11M	3.25M

Carly Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Neutral
• RSI: Negative
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CL8, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of -50.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CL8.

Carly Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SSH	57 Neutral	AU$20.16M	23.13	6.19%	―	-6.52%	-20.79%
SRH	52 Neutral	AU$4.59M	-10.40	-19.53%	―	-52.73%	89.41%
AQN	50 Neutral	AU$48.75M	-11.53	-28.36%	―	12.74%	-392.59%
CL8	41 Neutral	AU$3.49M	-0.80	―	―	46.26%	-10.88%
ZMM	37 Underperform	AU$5.29M	-0.76	-283.40%	―	-74.76%	42.11%

Carly Holdings Limited Corporate Events

CL8 Holdings Finalizes Carly Car Subscription Sale and Reduces Expenses

CL8 Holdings Limited has finalized the disposal of its Carly Car Subscription business, receiving shares in Carbar Holdings Pty Ltd valued at $353,000 and partial cash proceeds. The company plans to hold onto these shares for future appreciation. Carbar Holdings has acquired HelloCars Subscription, enhancing its market presence. CL8 has significantly reduced expenses by terminating its office lease, with further cash inflows expected from the sale and return of a term deposit. The company is actively seeking new opportunities to enhance shareholder value while maintaining a lean operational structure.

Carly Holdings Limited Announces New Company Secretary

Carly Holdings Limited has announced a change in its company secretary position. Mr. Zoran Grujic has been appointed as the new Company Secretary, replacing Ms. Priyamvada (Pia) Rasal, who has stepped down. This change is effective immediately and Mr. Grujic will also be responsible for communications between the company and the ASX.