CETTIRE LIMITED (CTT)
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CTT - CETTIRE LIMITED

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.465

06 Sep
2024

0.110

OPEN

$1.36

8.12%

HIGH

$1.50

5,590,513

LOW

$1.35

TARGET
$2.30 57.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AX1 . BBN . CCX . MOZ . MYR . PMV . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
CTT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 2.8 3.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 33.7% 25.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 41.9 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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx2.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx742.3 M
Book Value Per Share xxxxxxxxxxxxxxx9.5
Net Operating Cash Flow xxxxxxxxxxxxxxx63.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx30.33 %
Return on Invested Capital xxxxxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxxxxx8.69 %
Return on Equity xxxxxxxxxxxxxxx30.33 %
Return on Total Capital xxxxxxxxxxxxxxx-
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx-
Total Debt xxxxxxxxxxxxxxx-
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx79 M
Price To Book Value xxxxxxxxxxxxxxx12.27

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx14.3 M
Capex % of Sales xxxxxxxxxxxxxxx1.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx595 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx133 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

xxxxxxxxxxx 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

77.47%

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 FY25 dividend of 0.00 cents and EPS of 2.00 cents.
Access Stockbroker Research History >
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

03/09/2024

3

Hold

$1.15

-21.50%

In line with the June update by management, notes Petra Capital, Cettire's FY24 earnings (EBITDA) rose by 11% year-on-year to $32.5m. The FY24 margin fell to 20.9% from 23% in FY23 due to increased promotional activity in Q4, explains the analyst.

As 4Q challenges have carried into early-FY25 (increased promotions/softer demand), explains the broker, management will be focusing more on profitability than growth, with Cettire expecting positive earnings for Q1.

Hold rating. The target eases to $1.15 from $1.20 to reflect the broker's forecast for slower sales growth.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 6.00 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.40 cents.
Access Extra Coverage Research History >

CTT STOCK CHART

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