- According to the estimates given about iClick, 2022 sales are expected to double as compared to that of 2019.
- iClick is an online marketing and data solutions provider in China. It is a bit unknown.
- With the current share price at $7-$8, cash represents more than 17% of the stock price. I haven’t seen many companies out there with that amount of cash.
- I don’t see why the company’s valuation can be justified at 0.5x 2022 sales with more than 20% sales growth. With this in mind, I would expect iClick to trade at least at 2x sales in the near future.
- The company announced a stock repurchase program, which will help the share price increase.
For further details see:
iClick, An Undervalued Company, Starts A Stock Buyback Program