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Catapult Group International
(Sydney:CAT)
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Rating:64Neutral
Price Target:
AU$4.00
â–²(10.19% Upside)
Action:Reiterated
Date:08/21/26
The score is anchored by mixed fundamentals: strong balance-sheet flexibility and improved cash generation are outweighed by persistent losses and a notably weak latest period (revenue decline and negative gross profit). The latest earnings call was a meaningful positive due to strong ACV/revenue momentum, improving margins and constructive FY'27 outlook, while technicals add modest support and valuation remains constrained by negative earnings and no dividend.
Positive Factors
Strong SaaS Growth
Strong ACV and revenue growth indicate sustained customer adoption and platform expansion. The 18% organic ACV increase shows momentum is not solely acquisition-driven, supporting durable growth over the medium term.
Negative Factors
Persistent Unprofitability
Persistent losses weaken earnings quality despite improved operating metrics. The latest revenue contraction and negative gross profit raise concerns about execution, cost control and the sustainability of reported margin improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong SaaS Growth
Strong ACV and revenue growth indicate sustained customer adoption and platform expansion. The 18% organic ACV increase shows momentum is not solely acquisition-driven, supporting durable growth over the medium term.
Read all positive factors
Catapult Group International (CAT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.12B
Dividend YieldN/A
Average Volume (3M)3.22M
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue Growth19.02%
EPS Growth-140.54%
CountryAU
Employees940
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.15
Shares Outstanding315,975,520
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$5.63Price Target Upside55.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.08
Revenue Forecast (FY)AU$165.19M
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
Catapult Group International primarily makes money by charging fees for recruitment and staffing services provided to client employers. Key revenue streams typically include: (1) Permanent placement fees: when CAT successfully places a candidate i...
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 | -21.52M | -17.88M |
| 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
3.63
Price Trends
3.37
Positive
3.34
Positive
3.67
Negative
Market Momentum
0.04
Positive
47.37
Neutral
35.11
Neutral
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 3.63 is above the 20-day moving average (MA) of 3.55, above the 50-day MA of 3.37, and below the 200-day MA of 3.67, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of 35.11 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$1.12B | -17.00 | -15.51% | ― | 19.02% | -140.54% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | AU$409.50M | -12.32 | -22.79% | ― | 0.60% | 4.13% | |
44 Neutral | AU$7.91M | -2.17 | -429.54% | ― | 1.42% | 71.28% | |
40 Underperform | AU$51.99M | -2.99 | -60.02% | ― | 15.14% | -102.70% | |
40 Underperform | AU$29.64M | -4.89 | -102.57% | ― | -25.87% | -150.00% | |
39 Underperform | AU$3.89M | -0.15 | 209.30% | ― | -13.81% | -37.77% |
* Technology Sector Average
AU:CAT
Catapult Group International
3.36
-2.78
-45.28%
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Catapult Group International Corporate Events
Catapult Clarifies SaaS Metrics and Non-IFRS Measures in Investor Presentation
Aug 11, 2026
Catapult Group International used its latest investor presentation to detail the key metrics and definitions underpinning its SaaS financial reporting, including measures such as Annualized Contract Value, recurring revenue growth and Lifetime Dur...
Catapult Sports Extends and Upsizes Debt Facility to Bolster Growth Flexibility
Aug 9, 2026
Catapult Sports has extended and expanded its debt facility with Western Alliance Bank, pushing the maturity from May 2027 to May 2031 and increasing the limit from US$30 million to US$50 million. The enlarged facility is intended to support a mor...
Catapult Sports updates market on court-driven transfer of director’s shareholding
Aug 5, 2026
Catapult Sports Ltd has reported a change in director’s interests, noting that 2,512,550 shares indirectly held by director Dr Adir Shiffman will be transferred under sealed final consent orders issued by the Federal Circuit and Family Court...
Catapult expands football analytics with launch of IMPECT Video Scouting
Jul 22, 2026
Catapult Sports has unveiled IMPECT Video Scouting, a new video-based scouting platform for professional football clubs built on IMPECT’s proprietary Packing metrics and contextual performance intelligence. The solution enables scouts to def...
Catapult Sports Director Increases Equity Stake via Fee Sacrifice Rights
Jul 10, 2026
Catapult Sports has disclosed a change in director Thomas F. Bogan’s interests, reflecting additional equity-based compensation through its director fee sacrifice arrangements. Bogan converted FY26 Director Fee Sacrifice Rights into 55,716 f...
Catapult Sports Issues New Shares on Conversion of Unquoted Securities
Jul 10, 2026
Catapult Sports Ltd has notified the market of the issue of 169,933 new fully paid ordinary shares following the conversion of previously unquoted options or other convertible securities. The additional equity issuance, effective 10 July 2026, wil...
Catapult Sports Issues New Employee Incentive Rights
Jul 10, 2026
Catapult Sports Ltd, a provider of performance-tracking technology for professional and elite sports teams, operates in the sports technology industry supplying data and analytics solutions to enhance athlete management. The company targets organi...
Catapult Sets 2026 AGM Date and Director Nomination Deadline
Jul 1, 2026
Catapult Sports Ltd has scheduled its 2026 Annual General Meeting for August 26, 2026, and has set July 8, 2026 as the deadline for receiving nominations from individuals seeking election as directors. The announcement signals a forthcoming refres...
Catapult Sports lodges updated ASX governance statement and Appendix 4G
Jun 29, 2026
Catapult Sports has lodged its updated corporate governance statement for the year ended 31 March 2026, confirming compliance with the ASX Corporate Governance Council’s principles and recommendations. The statement, current as at 29 June 20...
Catapult Sports Details SaaS Metrics and Methodologies in 2026 Annual Report
Jun 29, 2026
Catapult’s 2026 annual report emphasizes that its performance metrics include a wide range of subscription and SaaS-focused indicators, such as Annualized Contract Value, recurring revenue growth, churn, retention, and free cash flow, alongs...
Catapult Sports Releases 2026 Annual Report and Governance Statement
Jun 29, 2026
Catapult Sports Ltd, an Australia-based provider of sports science and analytics solutions for professional teams worldwide, has released its Annual Report for the year ended March 31, 2026. The company’s products are used globally to optimi...
Vanguard Reduces Stake Below Substantial Holder Threshold in Catapult Sports
Jun 29, 2026
Catapult Sports Ltd has disclosed that Vanguard Group and its controlled entities have ceased to be substantial shareholders in the company, with their holding now representing 4.910% of the voting power. The change, formally recorded in a notice ...
Catapult to Release 463,334 Escrowed Shares Linked to SBG Acquisition
Jun 26, 2026
Catapult Sports will release 463,334 fully paid ordinary shares from voluntary escrow on July 3, 2026, under ASX Listing Rule 3.10A. These shares represent the fifth sub-tranche of the second tranche of earn-out shares issued to the vendors of SBG...
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...
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.