PRESS RELEASE : CLIQ Digital now covered by Edison with a fair value of EUR69.22 per share

DGAP-News: Cliq Digital AG / Key word(s): Research Update 
CLIQ Digital now covered by Edison with a fair value of EUR69.22 per share 
2021-04-28 / 09:35 
The issuer is solely responsible for the content of this announcement. 
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Corporate News 
28 April 2021 
CLIQ Digital now covered by Edison with a fair value of EUR69.22 per share 
- Edison calculates a EUR69.22 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 EUR69.22 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: 
 
 
 Analyst            Recommendation Target price /  Target / FV 
                                   Fair value (FV) market cap 
 
 Edison                  n/a                EUR69.22       EUR428m 
 
 Hauck & Aufhäuser       BUY                EUR46.00       EUR285m 
 
 Montega                 BUY                EUR44.00       EUR272m 
 
 Quirin                  BUY                EUR60.00       EUR371m 
 
 Warburg                 BUY                EUR37.00       EUR229m 
 

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

Financial calendar 2021:

 
 
 Virtual Annual General Meeting (12 p.m. CEST)             Thursday 29 April 2021 
 
 1Q 2021 Financial Statement & earnings call (2 p.m. CEST) Thursday 6 May 2021 
 
 2Q/6M 2021 Financial Statement & earnings call            Tuesday  3 August 2021 
 
 3Q/9M 2021 Financial Statement & earnings call            Tuesday  2 November 2021 
 

For further information, please contact

CLIQ Digital AG

Investor Relations

Sebastian McCoskrie | Michael Kriszun

Mob.: [phone] | [phone]

Email: [e-mail] | [e-mail]

www.cliqdigital.ag/investors

CROSS ALLIANCE communication GmbH (PR adviser)

Susan Hoffmeister

Tel.: [phone]

Email: [e-mail]

www.crossalliance.de

About CLIQ Digital:

CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content. The company has a long-standing and successful history in expert digital marketing and offering niche products for the mass market at competitive prices. CLIQ Digital operates in over 30 countries and employs staff of 100 from 29 different nationalities as at 31 December 2020. The company is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. CLIQ Digital is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The company is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3) and is a constituent of the MSCI World Micro Cap Index. -----------------------------------------------------------------------------------------------------------------------

2021-04-28 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Cliq Digital AG 
              Immermannstr. 13 
              40210 Düsseldorf 
              Germany 
E-mail:       [e-mail] 
Internet:     www.cliqdigital.com 
ISIN:         DE000A0HHJR3 
WKN:          A0HHJR 
Indices:      Scale 30 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1189516 
 
End of News   DGAP News Service 
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1189516 2021-04-28

 
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(END) Dow Jones Newswires

April 28, 2021 03:36 ET (07:36 GMT)