Catapult Group International Ltd. (AU:CAT)
ASX:CAT
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Catapult Group International
(Sydney:CAT)
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Rating:59Neutral
Price Target:
AU$3.00
▼(-6.25% Downside)
Action:Reiterated
Date:05/21/26
The score reflects solid balance-sheet and cash-flow resilience and a positive earnings-call outlook for continued ACV growth and margin expansion. These are tempered by weak reported profitability and the latest-period deterioration in revenue/gross profit, alongside mixed technicals and limited valuation support due to a negative P/E and no dividend yield data.
Positive Factors
Strong SaaS ACV growth & retention
Sustained ACV expansion (28% reported, 18% organic) combined with 96.1% retention indicates a sticky subscription base and predictable recurring revenue. This supports long-term revenue visibility, reduced renewal risk, and scalable upsell potential as multi-solution adoption increases.
Negative Factors
Persistent operating losses and volatile gross profit
Despite improving SaaS metrics, the company remains loss-making with negative EBIT and episodic negative gross profit, raising execution risk. Structural profitability must be sustained across cycles to convert ACV growth into durable shareholder returns and justify reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong SaaS ACV growth & retention
Sustained ACV expansion (28% reported, 18% organic) combined with 96.1% retention indicates a sticky subscription base and predictable recurring revenue. This supports long-term revenue visibility, reduced renewal risk, and scalable upsell potential as multi-solution adoption increases.
Read all positive factors
Catapult Group International (CAT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$837.11M
Dividend YieldN/A
Average Volume (3M)3.22M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth19.02%
EPS Growth-140.54%
CountryAU
Employees450
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-0.10
Shares Outstanding308,975,520
10 Day Avg. Volume2,141,347
30 Day Avg. Volume3,216,938
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)4.06
Price to Sales (P/S)5.92
P/FCF Ratio34.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.61Price Target Upside75.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.09
Revenue Forecast (FY)AU$165.67M
Catapult Group International Business Overview & Revenue Model
Company Description
Catapult Sports Ltd, a sports science and analytics company, development and supply of technologies that improve the performance of athletes and sports teams in Australia, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It ope...
How the Company Makes Money
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Catapult Group International Earnings Call Summary
Earnings Call Date:May 19, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call emphasized strong, disciplined growth across core SaaS metrics (28% ACV growth, 19% revenue growth), improving unit economics (53% contribution margin, ~18% EBITDA margin), record Rule of 40 results, high retention (96.1%), and successful product and acquisition-driven platform expansion. Short-term headwinds and noise include acquisition-related cash outflows and one-off accounting items, a temporary free cash flow timing impact and variable costs slightly above target. Acquisitions (Perch and Impect) are strategic and expand cross-sell upside but are early in contribution. On balance, the call presented more substantial and sustainable positives than negatives, with management confident about FY '27 execution despite conservative numeric guidance.Positive Updates
Strong ACV Growth
Annualized Contract Value (ACV) grew 28% year-over-year on a constant currency basis to $133.8M (reported), and 18% organic constant-currency growth when normalizing for acquired ACV.
Negative Updates
Free Cash Flow Timing Impact
Free cash flow excluding transaction costs fell to $6.5M from $8.6M prior year, impacted by timing of second-half collections related to acquisitions; trade receivables increased to $20M (a $10M YoY increase), described as a timing issue expected to largely collect in FY '27.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong ACV Growth
Annualized Contract Value (ACV) grew 28% year-over-year on a constant currency basis to $133.8M (reported), and 18% organic constant-currency growth when normalizing for acquired ACV.
Read all positive updates
Company Guidance
Management guided to "strong" ACV growth with low churn and margin expansion in FY'27, aiming for continued improvement toward targets: a 45% variable-cost target (implying a 55% contribution margin), fixed-cost growth of roughly 5–7%, and sustained ACV retention above 95% (FY'26 was 96.1%, churn 3.9%). They said ACV growth should remain strong off a FY'26 ACV of $133.8m (+28% reported, +18% organic), revenue of $141m (+19%), and ACV per Pro team >$30k (10% YoY); FY'26 management EBITDA was ~$24.7m (17.6–18% margin) with a 41% incremental profit margin (48% ex-acquisitions), free cash flow ex transaction costs of $6.5m, cash >$53m and no debt. Management reiterated the goal to reach Rule of 40 (FY'26: 36% excl. acquired ACV, 46% incl.) and the long‑term $1bn ACV ambition, saying they expect to push for Rule of 40 as soon as possible.Catapult Group International Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 146.66M | 116.53M | 100.00M | 84.36M | 77.01M |
| Gross Profit | -751.40K | 94.36M | 81.14M | 63.83M | 57.41M |
| EBITDA | 16.20M | 17.62M | 11.24M | -9.98M | -14.85M |
| Net Income | -24.97M | -8.75M | -16.68M | -31.48M | -32.19M |
Balance Sheet | |||||
| Total Assets | 327.03M | 165.89M | 163.95M | 163.77M | 171.40M |
| Cash, Cash Equivalents and Short-Term Investments | 53.74M | 10.76M | 11.54M | 16.30M | 26.17M |
| Total Debt | 5.24M | 9.80M | 18.35M | 24.16M | 7.38M |
| Total Liabilities | 113.54M | 83.97M | 85.91M | 77.31M | 61.55M |
| Stockholders Equity | 213.49M | 82.16M | 78.22M | 86.61M | 109.99M |
Cash Flow | |||||
| Free Cash Flow | 24.86M | 8.60M | 21.22M | -5.22M | -4.35M |
| Operating Cash Flow | 39.49M | 38.45M | 31.70M | 3.73M | 2.67M |
| Investing Cash Flow | -89.08M | -29.85M | -27.05M | -25.28M | -39.85M |
| Financing Cash Flow | 92.92M | -9.33M | -8.61M | 13.19M | 41.54M |
Catapult Group International Technical Analysis
Negative
3.20
Price Trends
3.28
Negative
3.35
Negative
4.47
Negative
Market Momentum
-0.12
Positive
39.38
Neutral
8.47
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAT, the sentiment is Negative. The current price of 3.2 is below the 20-day moving average (MA) of 3.31, below the 50-day MA of 3.28, and below the 200-day MA of 4.47, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 39.38 is Neutral, neither overbought nor oversold. The STOCH value of 8.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CAT.
Catapult Group International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$837.11M | -18.70 | -24.92% | ― | 19.02% | -140.54% | |
52 Neutral | AU$263.15M | -8.16 | -26.36% | ― | 0.60% | 4.13% | |
45 Neutral | AU$41.99M | -7.23 | -102.57% | ― | -25.87% | -150.00% | |
41 Neutral | AU$49.42M | -2.99 | -60.02% | ― | 15.14% | -102.70% | |
41 Neutral | AU$7.83M | -0.19 | 209.30% | ― | -13.81% | -37.77% | |
40 Underperform | AU$7.81M | -2.14 | -429.54% | ― | 1.42% | 71.28% |
* Technology Sector Average
AU:CAT
Catapult Group International
2.86
-2.97
-50.94%
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Catapult Group International Corporate Events
Catapult Sports Seeks ASX Quotation for 7 Million New Shares Under Employee Scheme
Jun 25, 2026
Catapult Sports has applied for quotation on the ASX of 7,000,000 new ordinary fully paid shares, which are being issued under an employee incentive scheme. These securities are not subject to transfer restrictions and will be quoted under the com...
Catapult Sports Cuts Equity Overhang as Incentive Rights and Options Lapse
Jun 5, 2026
Catapult Sports has notified the market that several tranches of performance rights and options have lapsed after vesting conditions were not met or became incapable of being satisfied, covering a total of more than half a million securities acros...
Catapult Sports Issues 9.5 Million New Shares Following Option Conversions
Jun 5, 2026
Catapult Sports has notified the ASX of the conversion of unquoted options or other unquoted convertible securities into 9,492,354 fully paid ordinary shares. The new shares, issued in two tranches dated 20 November 2025 and 28 May 2026, expand th...
Catapult Sports Issues Over 1.06 Million Unquoted Performance Rights Under Incentive Plans
Jun 5, 2026
Catapult Sports Ltd has notified the market of the issue of more than 1.06 million unquoted performance rights under its employee incentive schemes. The new securities, which will not be quoted on the ASX, include over 1,059,000 performance rights...
Catapult Sports Seeks ASX Quotation for 1.87 Million New Shares
Jun 4, 2026
Catapult Sports Ltd has applied for the quotation of 1,873,675 new fully paid ordinary shares on the ASX. The new securities, issued on 5 June 2026 following a previously announced transaction, will increase the company’s tradable share base...
Catapult to Release Escrowed Shares Tied to Perch Acquisition
Jun 2, 2026
Catapult Sports will release 1,249,097 fully paid ordinary shares from voluntary escrow on June 5, 2026, under ASX Listing Rule 3.10A. These shares represent the second tranche of consideration issued to the vendors of U.S.-based Catalyft Labs, In...
Catapult Sports Issues 90,660 New Shares on Option Conversion
May 25, 2026
Catapult Sports has notified the market of the issue of 90,660 fully paid ordinary shares following the conversion of previously unquoted options or other convertible securities. The new shares, which were issued on March 20, 2026, reflect the exe...
Catapult Sports Delivers Transformational FY26 With Profitable Growth Surge
May 22, 2026
Catapult Sports reported a transformational FY26, underscoring its status as a leading vertical SaaS provider to elite sports with more than 5,500 teams on its platform. The company’s portfolio now spans wearable tracking, video analysis, an...
Catapult Sports Sets May 20 Date for FY26 Results and Investor Briefing
May 5, 2026
Catapult Sports Ltd, the ASX-listed sports technology specialist, will release its financial results for the year ended March 31, 2026, on May 20, 2026. The announcement underscores the company’s ongoing engagement with investors as it conti...
Catapult Sports to Release Escrowed Shares Linked to SBG Acquisition
Mar 31, 2026
Catapult Sports Ltd will release 463,334 fully paid ordinary shares from voluntary escrow on April 7, 2026, under ASX Listing Rule 3.10A. These shares represent the fourth sub‑tranche of the second tranche of earn‑out shares issued to ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.