CREDIT CLEAR LIMITED (CCR)
Share Price Analysis and Chart

31/08/2026

1

Speculative Buy

$0.30

76.47%

Credit Clear's FY26 result was ahead of Morgans' expectations, with revenue rising 28% y/y, above guidance, while underlying EBITDA increased 41% y/y and was at the upper end of guidance.

Underlying NPATA of $6.7m was also ahead of Morgans' $5.4m forecast and consensus of $6.4m.

FY27 guidance for revenue of $73m-$77m and EBITDA of $12m-$14m is largely in line with the analyst's expectations, supported by a solid pipeline and further international growth opportunities.

Morgans lifts FY27-FY28 revenue and EBITDA forecasts by 3%, retains Speculative Buy and its $0.30 target price.

FORECAST
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.40 cents.
Morgans forecasts a full year FY28 dividend of 0.00 cents and EPS of 1.60 cents.

30/08/2026

1

Buy

$0.40

135.29%

Shaw and Partners maintains a Buy rating for Credit Clear with a $0.40 target price following an FY26 result featuring EBITDA of $10.5m.

The domestic business captured 9% organic revenue growth and expanded its EBITDA margin to 17.5%, supported by a 47% increase in high-margin digital collections to $176m.

Executive Director Joshua Reed will assume the Managing Director role on September 1, 2026, overseeing the ongoing integration of the ARC Europe and DTS acquisitions.

Management provided FY27 guidance of $73m to $77m in revenue alongside EBITDA between $12m and $14m, noting ongoing ACCC legal proceedings have yielded immaterial financial impacts to date.

The analyst views the capital-light business model favourably, highlighting the potential for market share gains and a projected 25% EBITDA compound annual growth rate over the next three years.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.70 cents.
Shaw and Partners forecasts a full year FY28 dividend of 0.00 cents and EPS of 2.20 cents.