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): 0.65
• Revenue Growth: 46.26%
• EPS Growth: -10.88%
• Country: AU
• Employees: 21
• Sector: Industrials
• Sector Strength: 90
• Industry: Rental & Leasing Services
• EPS (TTM): -0.02
• Shares Outstanding: 268,370,400
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.21
• Price to Book (P/B): -0.62
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.74
• 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

• 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 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

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
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
4.16M	3.60M	2.10M	1.25M	996.84K	1.20M
	Gross Profit
1.39M	1.15M	728.71K	369.05K	389.30K	359.72K
	EBIT
-3.51M	-3.66M	-3.15M	-3.17M	-3.53M	-3.42M
	EBITDA
-2.94M	-2.60M	-2.52M	-2.77M	-3.16M	-5.13M
	Net Income Common Stockholders
-4.38M	-4.18M	-3.14M	-3.01M	-3.36M	-5.37M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
500.01K	1.31M	1.66M	805.41K	3.73M	1.43M
	Total Assets
7.35M	9.48M	6.18M	2.54M	4.30M	1.66M
	Total Debt
11.20M	11.57M	4.47M	971.31K	382.81K	906.62K
	Net Debt
10.70M	10.26M	2.80M	165.90K	-3.35M	-527.33K
	Total Liabilities
13.01M	12.82M	5.66M	2.02M	1.50M	1.78M
	Stockholders Equity
-5.66M	-3.33M	516.72K	525.21K	2.80M	-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 Flow
2.11M	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: Negative
• RSI: Neutral
• 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 Negative momentum. The RSI at 48.15 is Neutral, 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 *	66 Neutral	$4.50B	12.29	5.40%	248.66%	4.13%	-12.33%
CL8	41 Neutral	AU$3.49M	―		―	46.26%	-10.88%
WN6		€7.80B	49.23	8.51%	2.32%	―	―
EHGRF		$214.65M	―	-127.99%	―	―	―
FGETF		$1.91B	25.16	9.61%	3.15%	―	―
QUBSF		$10.53B	12.56	321.42%	2.51%	―	―
WEBJF		$1.18B	2.76	1.65%	―	―	―

Carly Holdings Limited Corporate Events

Carly Holdings Limited Announces Cessation of Convertible Notes

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

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

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

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.

Carly Holdings Announces Merger with Carbar and Strategic Shift

Carly Holdings Limited has announced a proposed merger of its Carly Car Subscription business with Carbar Holdings Pty Ltd, which will involve the sale of its car subscription operations and related entities. This strategic move aims to achieve economies of scale and access to capital, potentially accelerating growth for both brands. As part of the transition, the company will reduce its overheads and seek new opportunities while maintaining its ASX listing. The CEO, Chris Noone, will step down following the merger, marking the end of his tenure since 2014, during which he transformed the company into a leading car subscription service in Australia.

Carly Holdings Limited Announces Cessation of Securities Options

Carly Holdings Limited has announced the cessation of several securities options due to the lapse of conditional rights. This development indicates that certain conditions required for these securities have not been met or have become incapable of being satisfied, impacting the company’s financial instruments and potentially affecting investor confidence.

Carly Holdings Reports Revenue Growth Amidst Increased Losses

Carly Holdings Limited reported a 34.3% increase in revenue to $2,179,772 for the half year ending December 31, 2024, compared to the previous year. Despite the revenue growth, the company experienced a 9.3% increase in net loss, amounting to $2,339,510. The interim financial review highlighted a material uncertainty regarding the company’s ability to continue as a going concern, although the directors remain confident in meeting financial obligations.