7digital Group (7DIG)

Business description

7digital provides an end-to-end, white-label digital music platform and access to global music rights that enable its clients (including musical.ly, Onkyo, Panasonic, MediaMarktSaturn, Cdiscount, Electric Jukebox, eMusic and i.am+) to offer music streaming and download services to their own customers.

Stock data

Market cap.£11m
Last close6.00p
High / Low (52 weeks)9.2p / 5.3p
Stock market listingLN
Forecast net debt (£m)0.9
Forecast gearing ratio (%)65
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(12.7)(21.3)(10.3)
Relative *(13.1)(23.3)(19.4)

* % Relative to local index

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Company news

Some froth knocked off Mitchells & Butlers' shares after trading update boost ...

Fri, 28 Jul 2017 10:19:49 GMT

7Digital Group PLC 119.4% Potential Upside Indicated by finnCap

Fri, 28 Jul 2017 09:00:00 GMT

7digital Group launches new funding as it closes in on European acquisition

Fri, 10 Mar 2017 08:56:29 GMT

7digital Group PLC accelerates international expansion with Snowite SAS buy

Fri, 08 Apr 2016 07:11:01 GMT

Loss-making 7Digital Group says it will be profitable this year

Fri, 22 Jan 2016 09:11:35 GMT

Investment summary

7digital is a leading provider of turnkey solutions that enable businesses to offer digital music services to their customers. It has made significant strategic progress over the last year, culminating in the acquisition of its largest European competitor, 24-7, which adds £18m of secured revenues over three years and synergy potential. We believe it is well placed to benefit from the evolution in the market for music streaming and forecast profitability from FY18; the shares look extremely attractive at these levels.

Last updated on 10/07/2017

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 10.4 (2.1) (7.6) (7.1) N/A N/A
2016A 11.9 (3.5) (4.7) (4.1) N/A N/A
2017E 19.1 (1.7) (2.9) (1.8) N/A N/A
2018E 24.9 3.0 2.1 1.2 5.0 N/A

Last updated on 10/07/2017

Latest research

Stand and deliver

Initiation | Technology | 10/07/2017

A step change with 24-7 deal

QuickView | Technology | 04/07/2017

Potential acquisition of 24-7 and share placing

QuickView | Media | 13/03/2017

EBITDA break-even reached, positive outlook

QuickView | Media | 18/01/2017

EBITDA break-even in sight

QuickView | Media | 21/09/2016

On track to break-even during H216

QuickView | Media | 22/07/2016

Winning business

QuickView | Media | 09/05/2016

Snowite completes - profits on stream

QuickView | Media | 11/04/2016

Snowite and the 7digital

QuickView | Media | 30/03/2016

Latest video

Executive Interview - 7digital

Key management

Simon Cole, CEO
Matthew Honey, CFO

Company address

69 Wilson Street
London
EC2A 2BB
United Kingdom
+44 (0)20 7099 7777
View website