7digital Group (7DIG)

Business description

7digital Group 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.£9.5m
Last close5.13p
High / Low (52 weeks)9.2p / 5.1p
Stock market listingLN
Forecast net debt (£m)0.9
Forecast gearing ratio (%)65
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(24.07)(18)(8.02)
Relative *(26.52)(19.18)(14.98)

* % Relative to local index

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Company news

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

7digital shares could double

Fri, 21 Nov 2014 10:41:00 GMT

7digital

Wed, 18 Mar 2015 15:38:30 GMT

Investment summary

H1 results reflect the progress 7digital Group has made over the last year and the initial impact of the transformative 24-7 acquisition, with exit monthly recurring revenues (MRR) up 113%. The step change in revenues forecast in H2 looks underpinned and the integration of 24-7 has started, key to moving to positive cash flow in H218 – a target reiterated by management. We expect this to trigger a re-rating of the shares, which trade on 4.1x FY18e EBITDA, a fraction of its B2B video streaming peers.

Last updated on 29/09/2017

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 4.3 N/A

Last updated on 25/08/2017

Latest research

H2 step increase in revenues underpinned

Update | Technology | 29/09/2017

A good start to the year

Update | Technology | 16/08/2017

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

Industry outlook

Streaming has revived the music industry and with only 2% of the world’s adult population paying for such services the opportunity remains significant. The market is dominated by a few global platforms; 7digital’s success is predicated on its belief that there remains a vast untapped market for music services that will be served by a range of business models. By providing the back-end technology and catalogue to companies that may want to act as alternatives to these major platforms, 7digital is aiming to become the world’s leading end-to-end music services group.

Last updated on 06/09/2017

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