CETTIRE LIMITED (CTT)
Share Price Analysis and Chart

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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

$1.43

01 Nov
2024

-0.100

OPEN

$1.49

-6.54%

HIGH

$1.51

2,358,701

LOW

$1.43

TARGET
$2.00 39.9% 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 4.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 33.7% 61.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 31.8 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 xxxxxxxxxxxxxxx30.33 %
Return on Assets xxxxxxxxxxxxxxx8.69 %
Return on Equity xxxxxxxxxxxxxxx30.33 %
Return on Total Capital xxxxxxxxxxxxxxx42.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx63.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
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 xxxxxxxxxxxxxxx601 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx126 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

31/10/2024

3

Downgrade to Hold from Buy

$2.00

39.86%

Bell Potter still believes Cettire will continue to outperform its peer group despite evidence of a 2Q slowdown in sales revealed during the release of 1Q results.

During Q1, revenue beat the broker's forecast, but adjusted earnings (EBITDA) were a miss. While the margin trends appear healthy at 5% exiting Q1, the analysts will wait to see delivered margins in the seasonally largest 2Q.

The $2.00 target is kept despite the broker's lower earnings forecast as the assumed risk-free rate falls as the upcoming easing cycle is factored in. The rating is downgraded to Hold from Buy on valuation.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.50 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 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

01/11/2024

3

Hold

$1.15

-19.58%

Cettire reported 1Q25 net revenue growth of 22% year-on-year and Petra Capital observes the quarter marks a slowdown compared to previous periods as the company prioritised profitability.

The broker notes delivered margin for the quarter declined to 17%, down from over 20% a year ago, impacted by increased promotional activity.

EBITDA at $2.0m is down significantly from $8.7m in 1Q24 but Petra highlights there's a slight improvement from $1.6m in 4Q24.

Cettire ended the quarter with $66m in net cash, up from $59m last year, and its corporate governance was strengthened with the addition of two independent directors, Petra observes.

Hold rating retained. The price target lifts to $1.38 from $1.15 due to "improved risk parameters"?.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.20 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.00 cents.

CTT STOCK CHART