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7digital Group (7DIG)

Business description

7digital provides an end-to-end, white-label digital music platform and access to global music rights enabling its clients to offer music streaming and download services to their own customers.

Stock data

Market cap.£4.1m
Last close1.03p
High / Low (52 weeks)5.8p / 0.7p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(46.8)(67.2)(80.8)
Relative *(49)(66.9)(78.8)

* % Relative to local index

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Company news

Investment summary

7digital’s interims showed good progress in developing its B2B offering, with revenues up by 52% on H117 (including acquisitions). This reflects strong demand from brands for music as an adjunct to other products and services, as a differentiator and in order to improve brand loyalty. With an expanding portfolio of commercial content and the brand relationships, 7digital is well placed to exploit its independence and build a sizeable business. Shareholder loans of £1.5m have now been confirmed (with half of the amount provided by Juke Entertainment) to fund the restructuring phase, realising £5m of savings and taking it through to profitability and cash positivity.

Last updated on 29/11/2018

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 11.2 (4.3) (5.6) (4.9) N/A N/A
2017A 16.8 (1.6) (3.8) (2.3) N/A 8.8
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 08/01/2019

Latest research

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 view that there remains a vast untapped market for music services that will be served by a range of business models, such as via connected devices. 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 29/11/2018

Key management

Simon Cole, CEO

Company address

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