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Cliq Digital AG (DE:CLIQ)
XETRA:CLIQ
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Cliq Digital AG
(XETRA:CLIQ)
Rating:59Neutral
Price Target:
€6.00
▲(3.45%Upside)
Cliq Digital AG (CLIQ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€37.73M
Dividend Yield0.69%
Average Volume (3M)12.13K
Price to Earnings (P/E)0.9
Beta (1Y)0.43
Revenue GrowthN/A
EPS GrowthN/A
CountryDE
Employees116
SectorCommunication Services
Sector Strength93
IndustryEntertainment
Share Statistics
EPS (TTM)0.16
Shares Outstanding6,508,714
10 Day Avg. Volume5,900
30 Day Avg. Volume12,126
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.01
Price to Sales (P/S)0.00
P/FCF Ratio11.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Cliq Digital AG Business Overview & Revenue Model
Company DescriptionCliq Digital AG, a streaming provider, engages in the performance marketing of mass market entertainment products. The company offers its members access to movies, series, music, audiobooks, sports, and games. It also provides digital marketing, offering products to the mass market. The company operates in approximately 30 countries. Cliq Digital AG is a strategic business partner for networks and content producers, as well as for publishers and payment service providers. The company was formerly known as Bob Mobile AG. Cliq Digital AG was founded in 2003 and is headquartered in Düsseldorf, Germany and has offices in Amsterdam, London, Paris, Barcelona, Toronto, and Florida.
How the Company Makes MoneyCliq Digital AG generates revenue primarily through subscription-based services. Customers pay a recurring fee to access a vast library of digital content, including music, games, movies, and more. The company's revenue model is heavily reliant on the acquisition and retention of subscribers. Additionally, Cliq Digital partners with telecom companies and other distribution channels to broaden its market reach and increase subscriber numbers. These partnerships often involve revenue-sharing agreements, which contribute significantly to its earnings.
Cliq Digital AG Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: -0.51%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Negative
The earnings call reflected a challenging quarter with ongoing market difficulties and strategic transformations that have yet to produce significant growth. While there were improvements in cost management, cash position, and content expansion, the substantial decline in customer base, sales, and EBITDA overshadowed these positives. The potential delisting and shareholder concerns further added to the uncertainty.Q1-2025 Updates
Positive Updates
Improved Net Cash Position
The net cash position improved to €14 million from €11 million a year earlier, supported by positive cash flow from operations.
Cost Management and Financial Stability
EBITDA margin held at over 7% due to strict cost management. Operating free cash flow turned positive, and net profit increased to nearly €1 million from €114,000 a year earlier.
Content Expansion in North and Latin America
Renewed and extended pan-territorial licensing agreements for North and Latin America, expanding the content library with telenovelas, films, and FAST sports channels.
Positive Sequential Sales Development in North America
A modest increase in revenue from North America over Q4 2024, indicating potential early signs of growth momentum.
Negative Updates
Significant Drop in Customer Base and Sales
Year-on-year customer base dropped by 30% to 800,000, and sales decreased by 32% to €50 million, reflecting ongoing challenges in market conditions.
Decline in EBITDA and High Churn Rate
EBITDA before special items fell by 31% to €3.7 million, with a high churn rate across all regions due to changes in customer care tools.
Reduced Customer Acquisition and Value
Total customer acquisition costs were reduced by nearly 50% year-on-year, but the expected average customer lifetime value fell by 40% to €70.
Potential Delisting and Shareholder Concerns
Potential delisting from stock exchanges and partial public tender offer by Dylan Media raised concerns among shareholders about share value and liquidity.
Low European Market Performance
Europe underperformed with negligible sales, and the regional sales composition shifted to over 80% from North and Latin America.
Company Guidance
In the first quarter of 2025, Cliq Group faced significant challenges, with a 30% year-on-year drop in its customer base to 800,000 and a corresponding 32% decrease in sales to €50 million. EBITDA before special items fell by 31% to €3.7 million, though the EBITDA margin remained stable at 7% due to stringent cost management. The company improved its net cash position to €14 million, driven by positive cash flow. Despite implementing the Fit for the Future program to enhance cost efficiency and productivity, results were limited, with declining customer acquisition costs down by nearly 50% year-on-year to €15 million, impacting potential growth. The company reaffirmed its full-year sales guidance of €180 million to €220 million, with an expected EBITDA of €10 million to €50 million, contingent on stabilizing market conditions and strategic initiatives gaining traction. Additionally, a potential delisting and public tender offer by Dylan Media is under consideration, though no final decisions have been made.Cliq Digital AG Financial Statement Overview
Summary
Cliq Digital AG's financial performance reflects a mixed picture. The company has experienced significant downturns in 2024, with negative net income and reduced cash flows. The balance sheet remains relatively robust with a high equity ratio and low leverage, providing a foundation for potential recovery.Income Statement
The income statement shows a mixed performance. Revenue declined significantly in 2024 compared to previous years, with a negative EBIT and EBITDA, resulting in a negative net income. However, the company demonstrated strong revenue growth in earlier years, with a peak in 2023. The gross profit margin remained relatively stable prior to 2024, indicating efficient cost management until the recent downturn.65
Positive
Balance Sheet
The balance sheet is relatively strong with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting low leverage and reduced risk. However, the decline in stockholders' equity in 2024 is a concern, reflecting the recent losses. Overall, the company's historical balance sheet metrics reflect a solid financial position prior to 2024.75
Positive
Cash Flow
The cash flow statement indicates a decline in free cash flow in 2024, which aligns with the company's recent financial challenges. Operating cash flow has decreased but remains positive, indicating some operational efficiency. However, the decrease in free cash flow growth and the negative trends in recent periods highlight potential liquidity risks.60
Neutral
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 243.02M | 326.36M | 276.06M | 149.98M | 106.95M |
| Gross Profit | 45.67M | 84.64M | 74.76M | 96.11M | 67.29M |
| EBITDA | -12.69M | 50.04M | 45.20M | 27.45M | 15.64M |
| Net Income | -27.85M | 31.84M | 29.05M | 17.82M | 7.16M |
Balance Sheet | |||||
| Total Assets | 98.14M | 154.68M | 135.10M | 96.27M | 76.97M |
| Cash, Cash Equivalents and Short-Term Investments | 11.92M | 15.74M | 16.80M | 7.30M | 4.91M |
| Total Debt | 3.64M | 4.32M | 11.75M | 8.53M | 5.75M |
| Total Liabilities | 27.03M | 51.59M | 53.79M | 36.71M | 21.32M |
| Stockholders Equity | 71.20M | 103.18M | 81.37M | 59.53M | 50.81M |
Cash Flow | |||||
| Free Cash Flow | 3.47M | 19.68M | 14.24M | 17.48M | 14.10M |
| Operating Cash Flow | 8.75M | 30.39M | 23.80M | 20.77M | 14.80M |
| Investing Cash Flow | -5.28M | -11.76M | -8.40M | -4.79M | -696.00K |
| Financing Cash Flow | -7.15M | -12.79M | -7.70M | -14.60M | -3.60M |
Cliq Digital AG Technical Analysis
Positive
5.80
Price Trends
5.75
Positive
5.40
Positive
5.44
Positive
Market Momentum
0.04
Negative
54.82
Neutral
27.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CLIQ, the sentiment is Positive. The current price of 5.8 is above the 20-day moving average (MA) of 5.47, above the 50-day MA of 5.75, and above the 200-day MA of 5.44, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 54.82 is Neutral, neither overbought nor oversold. The STOCH value of 27.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:CLIQ.
Cliq Digital AG Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $41.22B | -1.26 | -14.49% | 3.95% | 2.29% | -73.14% | |
59 Neutral | €37.73M | 0.91 | -30.95% | 0.69% | ― | ― | |
| €66.80M | ― | ― | ― | ― | |||
| €89.37M | ― | -221.85% | ― | ― | ― | ||
| €16.69M | 28.83 | 8.26% | 3.78% | ― | ― | ||
| €30.17M | ― | -368.47% | ― | ― | ― | ||
69 Neutral | €86.99M | 7.83 | 21.57% | 7.39% | -7.73% | -9.17% |
* Communication Services Sector Average
Performance Comparison
DE:CLIQ
Cliq Digital AG
5.80
-1.46
-20.11%
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Ad Pepper Media International NV
3.02
-2.93
-49.24%
GB:0LAC
DE Deutsche Entertainment
6.25
0.00
0.00%
DE:KA8
Klassik Radio AG
3.46
-0.14
-3.89%
DE:PAL
PANTAFLIX AG
1.18
-0.52
-30.59%
DE:EDL
Edel SE & Co. KGAA
4.06
0.16
4.10%
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.