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Carly Holdings Limited (AU:CL8)
:CL8
Australian Market

Carly Holdings Limited (CL8) AI Stock Analysis

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AU

Carly Holdings Limited

(Sydney:CL8)

Rating:41Neutral
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 (CL8) vs. iShares MSCI Australia ETF (EWA)

Carly Holdings Limited Business Overview & Revenue Model

Company DescriptionCarly 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 MoneyCarly Holdings Limited makes money primarily through its car subscription services. The company's revenue model is based on charging customers a monthly subscription fee, which covers the use of a vehicle, insurance, and maintenance. This fee varies depending on the type and model of the car selected by the user. Additionally, Carly may generate revenue through partnerships with car manufacturers, dealerships, and insurance providers, which can offer preferred pricing or referral incentives. The company also leverages its digital platform to enhance customer experience and streamline operations, contributing to its earnings.

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
45
Neutral
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
30
Negative
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
35
Negative
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.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue4.16M3.60M2.10M1.25M996.84K1.20M
Gross Profit1.39M1.15M728.71K369.05K389.30K359.72K
EBITDA-2.94M-2.60M-2.52M-2.77M-3.16M-5.13M
Net Income-4.38M-4.18M-3.14M-3.01M-3.36M-5.37M
Balance Sheet
Total Assets7.35M9.48M6.18M2.54M4.30M1.66M
Cash, Cash Equivalents and Short-Term Investments500.01K1.31M1.66M805.41K3.73M1.43M
Total Debt11.20M11.57M4.47M971.31K382.81K906.62K
Total Liabilities13.01M12.82M5.66M2.02M1.50M1.78M
Stockholders Equity-5.66M-3.33M516.72K525.21K2.80M-127.43K
Cash Flow
Free Cash Flow-4.72M-7.15M-3.66M-3.04M-2.81M-3.06M
Operating Cash Flow-1.83M-2.01M-1.89M-2.77M-2.76M-3.06M
Investing Cash Flow-2.90M-5.14M-1.76M-465.46K-51.90K-4.40K
Financing Cash Flow2.11M6.80M4.51M307.10K5.11M3.25M

Carly Holdings Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.01
Negative
Market Momentum
MACD
>-0.01
Neutral
RSI
100.00
Negative
STOCH
-50.00
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

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUSSH
62
Neutral
AU$9.70M11.439.53%11.60%
AUSRH
58
Neutral
AU$3.71M-34.84%-13.84%27.42%
58
Neutral
$1.34B4.24-2.93%7.38%3.67%-51.13%
AUAQN
56
Neutral
AU$34.99M-11.18%-0.46%-323.61%
AUTTI
45
Neutral
AU$3.77M
-56.22%-40.40%
AUCL8
41
Neutral
AU$3.49M
46.26%-10.88%
AUZMM
40
Neutral
AU$3.42M-174.80%-50.78%45.67%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CL8
Carly Holdings Limited
0.01
0.00
0.00%
AU:SRH
Saferoads Holdings Limited
0.08
0.05
166.67%
AU:TTI
Traffic Technologies Ltd
0.01
0.00
0.00%
AU:SSH
SSH Group Ltd.
0.12
0.05
71.43%
AU:AQN
Aquirian Limited
0.33
0.13
65.00%
AU:ZMM
ZIMI Ltd
0.01
0.00
0.00%

Carly Holdings Limited Corporate Events

Carly Holdings Announces Director Resignation
Jun 19, 2025

Carly Holdings Limited announced the resignation of Christopher Noone from its board of directors, effective June 18, 2025. The notice details Noone’s interests in securities held through Noone Holdings Pty Ltd as trustee for the C and K Noone Family Trust, which includes shares and various options. This change in directorship may impact the company’s strategic direction and stakeholder interests, given Noone’s significant holdings and influence.

Carly Holdings Announces Leadership Changes Amid Strategic Shift
Jun 19, 2025

Carly Holdings Limited announced the resignation of Mr. Christopher Noone from its Board of Directors and Mr. Michael Mobilia as Chief Financial Officer. Mr. Noone played a crucial role in the strategic development and growth of the company, including the merger of the Carly Car Subscription business with Carbar Holdings Pty Ltd. The company is now focusing on identifying new opportunities to create shareholder value following the disposal of its car subscription business.

Carly Holdings Limited Announces Cessation of Convertible Notes
May 7, 2025

Carly Holdings Limited has announced the cessation of 2,850,000 convertible notes, which were canceled by mutual agreement between the company and the note holders as of May 1, 2025. This move could impact the company’s financial structure and may have implications for its stakeholders, as it alters the company’s issued capital.

Carly Holdings Completes Merger with Carbar to Strengthen Car Subscription Platform
May 2, 2025

Carly Holdings Limited has completed a merger of its Carly car subscription business with Carbar Holdings Pty Ltd, combining two of Australia’s largest car subscription platforms. This strategic move allows Carly Holdings to hold shares in the merged entity, Carbar, and aims to enhance shareholder value by reducing overheads and seeking new growth opportunities while maintaining its ASX listing.

Carly Holdings Limited Rebrands to CL8 Holdings Limited
Apr 28, 2025

Carly Holdings Limited, listed on the Australian Securities Exchange under the ticker CL8, has officially changed its name to CL8 Holdings Limited. This change was certified by ASIC on April 17, 2025, following a special resolution passed by shareholders at the company’s Annual General Meeting. The name change reflects a strategic decision by the company and was authorized by the Board of Directors, potentially impacting its brand identity and market presence.

Carly Holdings Announces AGM Results and Strategic Sale Update
Apr 16, 2025

Carly Holdings Limited announced that all resolutions were passed at its 2024 Annual General Meeting, including the sale of its operating entities. The binding sale agreement is expected to be finalized by April 30, 2025, marking a significant step in the company’s strategic direction. This move could impact Carly’s market positioning and stakeholder interests as it continues to focus on its core car subscription services.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 22, 2025