CLIQ Digital now covered by Edison with a fair value of €69.22 per share

§ Edison calculates a €69.22 fair value of CLIQ Digital by its peer valuation approach

§ CLIQ’s research coverage now extended to five reputable brokers

CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and games content, is pleased to announce that as of today Edison has assumed research coverage and values CLIQ Digital’s shares at €69.22 on the basis of a peer valuation.

Edison provides a world-renowned equity research platform with deep multisector expertise and research, which is widely read by international investors, advisors and stakeholders. Principally, Edison does not issue target prices nor share recommendations but derives fair values from both a peer valuation as well as a DCF approach.

Fiona Orford-Williams, Edison’s media analyst, opined that “CLIQ’s share price performance has been extremely strong as the market has grasped the scale of the opportunity and management’s success to date in monetising it.” Furthermore, “CLIQ Digital has started to deliver on its strategy, with several guidance upgrades, and the share price has responded very strongly, climbing 669% over the last year. The rating nevertheless remains at a discount to other global entertainment and customer acquisition peers on EV/Sales, EV/EBIT and P/E.”

Statement from Ben Bos, member of the Management Board:

“I am delighted to now have Edison on board to cover CLIQ. The addition will increase the quality of our research and extend the outreach of our equity story to new investors in more geographies around the world.”

CLIQ Digital shares are now covered by a total of five reputable research companies:

As at 28 April 2021

All research studies are available at: https://cliqdigital.ag/investors/financials#investors-financials-analysts