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Cettire Ltd.
(Sydney:CTT)
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Rating:57Neutral
Price Target:
AU$0.44
▲(55.36% Upside)
Action:Reiterated
Date:10/17/26
The score is held back primarily by deteriorated recent profitability (margin compression and net losses) and uneven free-cash-flow conversion, despite a low-risk, zero-debt balance sheet. Technicals are strong with clear upward momentum, though indicators are overextended. The latest earnings call was notably positive on early FY2027 growth and improving EBITDA, but valuation support remains weak due to losses.
Positive Factors
Zero-debt balance sheet
A cash balance alongside zero financial debt gives Cettire meaningful resilience while trading conditions remain uneven. Low leverage reduces interest and refinancing pressure, preserves flexibility to fund technology and market expansion, and improves the company’s ability to absorb operating volatility.
Negative Factors
Margin compression and losses
Sharp gross-margin compression and a shift into net losses indicate that revenue scale is currently producing weaker economics. Unless margins recover, reduced earnings power can constrain reinvestment, weaken returns on capital, and make future growth less valuable to shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero-debt balance sheet
A cash balance alongside zero financial debt gives Cettire meaningful resilience while trading conditions remain uneven. Low leverage reduces interest and refinancing pressure, preserves flexibility to fund technology and market expansion, and improves the company’s ability to absorb operating volatility.
Read all positive factors
Cettire Ltd. (CTT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$146.78M
Dividend YieldN/A
Average Volume (3M)4.76M
Price to Earnings (P/E)―
Beta (1Y)2.11
Revenue Growth-3.20%
EPS Growth-227.54%
CountryAU
Employees2
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)-0.02
Shares Outstanding381,238,220
10 Day Avg. Volume6,758,463
30 Day Avg. Volume4,759,500
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)2.65
Price to Sales (P/S)0.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$743.05M
Cettire Ltd. Business Overview & Revenue Model
Company Description
Cettire Limited operates a digital marketplace specializing in high-end merchandise, distributing these products to customers across Australia and globally. The platform showcases a comprehensive selection of apparel, footwear, handbags, and vario...
Cettire Ltd. Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 09, 2027
Earnings Call Sentiment Positive
The call was broadly constructive, with strong ex-U.S. growth, materially improved EBITDA, a solid cash position with zero debt, record inventory availability, and positive FY 2027 momentum. These strengths were balanced by a 3% reported sales-revenue decline, soft luxury demand, U.S. tariff exposure, lower customer acquisition volume, delayed VAT collections, and unaudited accounts. Overall, the positive operational and profitability trends significantly outweighed the stated challenges.Positive Updates
Strong Ex-U.S. Sales Growth
Sales revenue excluding the U.S. grew 14% year-on-year to AUD 420 million, with ex-U.S. growth closer to 25% year-on-year in Q4 FY 2026. Management said growth was broad-based across Europe, the Middle East, Canada, and Australia.
Negative Updates
Reported Sales Revenue Decline
FY 2026 sales revenue was AUD 718.4 million, down 3% year-on-year, reflecting U.S. tariff changes, softer U.S. demand, and currency headwinds. On a constant-currency basis, the business was slightly up year-on-year.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Ex-U.S. Sales Growth
Sales revenue excluding the U.S. grew 14% year-on-year to AUD 420 million, with ex-U.S. growth closer to 25% year-on-year in Q4 FY 2026. Management said growth was broad-based across Europe, the Middle East, Canada, and Australia.
Read all positive updates
Company Guidance
Cettire said it commenced FY 2027 with year-to-date gross revenue growth of approximately 22%, with growth ex-U.S. having exceeded this rate over the same time period, and achieved positive adjusted EBITDA in July 2026; it expects the growth rate in constant currency to be in the order of 5-10 percentage points higher than what was reported for the first few weeks of the year, remains on track to launch with Tmall during Q1 FY 2027, and expects the bulk of the around AUD 9 million of IEEPA tariff refunds to be received during fiscal 2027, with the bulk of that amount expected during the course of the first half.Cettire Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
68
Positive
Cash Flow
46
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 718.38M | 742.11M | 742.25M | 416.23M | 209.88M |
| Gross Profit | 92.52M | 119.41M | 155.00M | 95.62M | 37.36M |
| EBITDA | -4.82M | 1.27M | 24.84M | 28.54M | -24.91M |
| Net Income | -8.48M | -2.65M | 10.47M | 15.97M | -19.06M |
Balance Sheet | |||||
| Total Assets | 129.15M | 124.32M | 140.32M | 100.77M | 54.35M |
| Cash, Cash Equivalents and Short-Term Investments | 27.88M | 37.08M | 78.96M | 46.31M | 22.67M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 101.51M | 88.51M | 104.25M | 67.77M | 37.16M |
| Stockholders Equity | 27.65M | 35.81M | 36.07M | 33.00M | 17.19M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -28.19M | 48.68M | 24.38M | -23.05M |
| Operating Cash Flow | 15.58M | -28.19M | 62.96M | 36.45M | -14.67M |
| Investing Cash Flow | -16.61M | -16.63M | -14.28M | -12.07M | -8.38M |
| Financing Cash Flow | -3.36M | 0.00 | -10.29M | -1.35M | 0.00 |
Cettire Ltd. Technical Analysis
Positive
0.28
Price Trends
0.26
Positive
0.23
Positive
0.29
Positive
Market Momentum
0.05
Negative
64.31
Neutral
62.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CTT, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.26, and below the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 64.31 is Neutral, neither overbought nor oversold. The STOCH value of 62.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CTT.
Cettire Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$613.00M | 33.29 | 12.41% | 5.38% | 12.87% | -21.74% | |
65 Neutral | AU$2.86B | 29.69 | 102.78% | 3.33% | 17.62% | 10.44% | |
64 Neutral | AU$2.22B | 17.20 | 13.03% | 6.82% | -2.83% | -22.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | AU$146.78M | -17.04 | -28.03% | ― | -3.20% | -227.54% | |
57 Neutral | AU$393.65M | -28.60 | -2.94% | 6.87% | 4.39% | -122.63% | |
47 Neutral | AU$354.19M | -1.31 | -36.45% | 7.32% | 11.98% | 3.09% |
* Consumer Cyclical Sector Average
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Cettire Ltd. Corporate Events
Cettire Updates Capital Structure as Service Rights Lapse
Oct 14, 2026
Cettire Limited has reported the cessation of 859,386 service rights securities as of 30 September 2026, according to an Appendix 3H notification lodged with the ASX. The adjustment reflects changes in the company’s issued capital and may in...
Cettire Corrects Director Interest Notice After Typographical Error
Oct 5, 2026
Cettire Ltd is a Melbourne-based global online luxury retail platform specialising in personal luxury goods, including clothing, shoes, bags and accessories. Launched in 2017, it offers access to more than 2,500 luxury brands and about 500,000 pro...
Cettire Director Increases Indirect Shareholding via On‑Market Purchase
Oct 1, 2026
Cettire has disclosed a change in director Jonathan Gidney’s indirect interest in the company, after he increased his holding via an on‑market purchase. Through El Calamar Pty Ltd, as trustee for the El Calamar Superannuation Fund, Gid...
Cettire Director Dean Mintz Increases On-Market Shareholding
Oct 1, 2026
Cettire Ltd. disclosed that its director, Dean Mintz, increased his direct holding in the company through an on-market purchase of additional fully paid ordinary shares. Following the transaction on 30 September 2026, Mintz’s stake rose from...
Cettire Slips to Deeper Loss as U.S. Trade Shocks Hit Luxury Sales
Aug 26, 2026
Cettire reported a 3% decline in annual revenue to $718.4 million and swung to a deeper statutory net loss of $8.5 million, as softer global luxury demand, U.S. trade policy changes, and the removal of the U.S. de minimis duties exemption weighed ...
Regal Partners Exits Substantial Holder Position in Cettire
Aug 24, 2026
Regal Partners Funds Management Pty Limited and its associated entities have filed a notice stating they have ceased to be a substantial holder in Cettire Ltd. Following a series of share disposals in July and August 2026, their voting interest in...
Cettire Issues New Unquoted Rights Under Employee Incentive Scheme
Aug 12, 2026
Cettire Limited has notified the ASX of the issue of 2 million performance rights and 1 million service rights as unquoted securities under its employee incentive scheme, effective 11 August 2026. The new rights, which are not intended to be quote...
Cettire Sets Date for FY26 Results and Investor Webinar
Aug 3, 2026
Cettire Limited has announced it will release its full‑year results for the period ended 30 June 2026 on 26 August 2026, underscoring its ongoing disclosure to investors as a fast‑growing online luxury retailer. The company will host a...
Cettire Revamps Executive Long-Term Incentives to Tie Rewards to Share Price Performance
Jul 28, 2026
Cettire has overhauled its executive long-term incentive framework for founder and Group CEO Dean Mintz and CFO Tim Hume, introducing largely performance-based grants aimed at better reflecting market conditions and reinforcing leadership stabilit...
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.