As of June 19, 2025, iClick Interactive Asia Group Ltd has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $9.24, this represents a potential upside of -957.8%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -798.8% |
| Potential Upside (10-year) | -957.8% |
| Discount Rate (WACC) | 5.5% - 7.5% |
Revenue is projected to grow from $169 million in 12-2022 to $377 million by 12-2032, representing a compound annual growth rate of approximately 8.4%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2022 | 169 | 45% |
| 12-2023 | 143 | -15% |
| 12-2024 | 167 | 17% |
| 12-2025 | 189 | 13% |
| 12-2026 | 212 | 12% |
| 12-2027 | 238 | 12% |
| 12-2028 | 265 | 12% |
| 12-2029 | 300 | 13% |
| 12-2030 | 326 | 9% |
| 12-2031 | 353 | 8% |
| 12-2032 | 377 | 7% |
Net profit margin is expected to improve from -120% in 12-2022 to -94% by 12-2032, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2022 | (203) | -120% |
| 12-2023 | (165) | -115% |
| 12-2024 | (185) | -110% |
| 12-2025 | (201) | -106% |
| 12-2026 | (216) | -102% |
| 12-2027 | (233) | -98% |
| 12-2028 | (258) | -97% |
| 12-2029 | (290) | -96% |
| 12-2030 | (312) | -96% |
| 12-2031 | (335) | -95% |
| 12-2032 | (355) | -94% |
with a 5-year average of $1 million. Projected CapEx is expected to maintain at approximately 0% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2023 | 1 |
| 12-2024 | 1 |
| 12-2025 | 1 |
| 12-2026 | 1 |
| 12-2027 | 1 |
| 12-2028 | 1 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 189 |
| Days Inventory | 0 |
| Days Payables | 95 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2023 | (84) | (5) | 0 | 7 | (87) |
| 2024 | (188) | (10) | 1 | 5 | (183) |
| 2025 | (204) | (11) | 1 | 3 | (197) |
| 2026 | (220) | (12) | 1 | 13 | (221) |
| 2027 | (237) | (13) | 1 | 8 | (233) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -798.8% |
| 10-Year DCF (Growth) | 0.00 | -957.8% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is iClick Interactive Asia Group Ltd (ICLK) a buy or a sell? iClick Interactive Asia Group Ltd is definitely a sell. Based on our DCF analysis, iClick Interactive Asia Group Ltd (ICLK) appears to be overvalued with upside potential of -957.8%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $9.24.