CETTIRE LIMITED (CTT)
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CTT - CETTIRE LIMITED

FNArena Sector : Apparel & Footwear
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 0
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.36

22 Jul
2024

0.010

OPEN

$1.35

0.74%

HIGH

$1.39

1,443,466

LOW

$1.31

TARGET
$2.60 91.2% upside
OTHER COMPANIES IN THE SAME SECTOR
AX1 . BBN . CCX . MOZ . MYR . PMV . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
CTT: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 4.2 10.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.6 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx4.2
DPS All xxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxx416.2 M
Book Value Per Share xxxxxxxxxxxx8.7
Net Operating Cash Flow xxxxxxxxxxxx36.5 M
Net Profit Margin xxxxxxxxxxxx3.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx63.62 %
Return on Invested Capital xxxxxxxxxxxx63.62 %
Return on Assets xxxxxxxxxxxx20.58 %
Return on Equity xxxxxxxxxxxx63.62 %
Return on Total Capital xxxxxxxxxxxx78.13 %
Free Cash Flow ex dividends xxxxxxxxxxxx36.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20192020202120222023
Short-Term Debt xxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxx35.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx12.1 M
Capex % of Sales xxxxxxxxxxxx2.90 %
Cost of Goods Sold xxxxxxxxxxxx328 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx68 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

25/06/2024

1

Initiation of coverage with Buy

$2.60

91.18%

While earnings (EBITDA) guidance for the second half of 2024 was -62% below expectations, Ord Minnett initiates coverage on Cettire with a Buy rating and $2.60 target price.

Management attributed the earnings miss to "aggressive competitor clearance", suggesting to the broker a temporary setback. Nonetheless, the broker awaits evidence these recent issues are indeed temporary.

The analyst lowers the FY25 earnings forecast by approximately -79% to reflect the continuation of cyclical issues. If they are proven to be cyclical, investors will be currently paying a very cheap price for a stock growing very strongly, highlights Ord Minnett.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents and EPS of 15.00 cents.
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.00 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

01/07/2024

3

Downgrade to Hold from Buy

$1.20

-11.76%

Petra Capital has downgraded Cettire to Hold from Buy, with a revised price target of $1.20, down from $5.10.

Management provided a very weak trading update with FY24 EBITDA of $32m-$35m, significantly below previous estimates of $45.1m, highlights the analyst.

The update points to a notable margin squeeze, softening demand, and increased promotional activity, Petra Capital observes.

Future risks include the extent to which suppliers fund promotions versus the company, and reduced visibility in forecasting margins.

The broker cuts EBITDA forecasts by -25% to -40%, reflecting lower revenue and increased margin sensitivity to the consumer cycle for FY24 to FY26, respectively.

Hold rating. $1.20 target.

FORECAST
Petra Capital forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.50 cents.
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 6.80 cents.
Access Stockbroker Research History >

CTT STOCK CHART

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