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CLIQ Digital AG: Hauck & Aufhäuser starts coverage of CLIQ Digital with a buy recommendation and a price target of EUR 17.00

Dusseldorf, June 29, 2020 - The analysts of Hauck & Aufhäuser Privatbankiers AG have started coverage of the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR).

Analyst Marie-Therese Gruebner issues a buy recommendation with a price target of EUR 17.00, based on a combination of free cash flow yield based on her 2021 estimates and a discounted cash flow model. This corresponds to an upside potential at the current share price of around 150%.

In the initial study, Hauck & Aufhäuser particularly emphasizes on the high competence and efficiency in the marketing of streaming entertainment services. The robust consumer demand for streaming entertainment services, efficient direct media buying and offering a multi-content portal will, according to the analysts, allow a doubling of the return on capital employed to more than 16% by 2022. Based on this, they expect growth in earnings per share of 44% per year on average until 2022, combined with high free cash flows, which will allow a generous dividend policy with a dividend yield of 6.2% on average.

About CLIQ Digital:
CLIQ Digital () is a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Members get unlimited access to music, audiobooks, games, sports and movie content. The core business of the Group is the online direct marketing of its streaming entertainment services to consumers globally. In 2019 CLIQ Digital realized over 90% of its sales in Europe and North America. CLIQ Digital's headquarter is based in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The Group, employs approximately 100 staff and is listed in the Scale (30) segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).

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