Catapult Group International Ltd. (AU:CAT)
ASX:CAT
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Catapult Group International
(Sydney:CAT)
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Rating:51Neutral
Price Target:
AU$3.00
▼(-7.12% Downside)
Action:ReiteratedDate:01/30/26
The score is held back primarily by weak reported financial performance (declining revenue, ongoing losses, and deteriorating free cash flow) and a bearish technical setup with the stock trading below key moving averages. The earnings call provides a meaningful offset, highlighting improving profitability metrics, strong ACV/customer growth, and high retention, but valuation remains challenged due to losses and no stated dividend yield.
Positive Factors
ACV Growth & Scale
Sustained ACV expansion signals stronger recurring revenue and pricing power; a 19% ACV increase to ~$116M supports predictable cash flows and monetization of existing customers, enabling multi-year revenue visibility and scalable upsell across the >5,000-team customer base.
Negative Factors
Reported Revenue Decline
A material reported revenue decline signals difficulties translating product demand into recognized top-line growth. Persisting negative top-line trends can limit operating leverage, slow margin recovery, and require management to rely on cost cuts or M&A to restore sustainable organic growth.
Read all positive and negative factors
Positive Factors
Negative Factors
ACV Growth & Scale
Sustained ACV expansion signals stronger recurring revenue and pricing power; a 19% ACV increase to ~$116M supports predictable cash flows and monetization of existing customers, enabling multi-year revenue visibility and scalable upsell across the >5,000-team customer base.
Read all positive factors
Catapult Group International (CAT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$934.04M
Dividend YieldN/A
Average Volume (3M)3.22M
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth19.66%
EPS Growth38.75%
CountryAU
Employees490
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.04
Shares Outstanding307,101,870
10 Day Avg. Volume2,141,347
30 Day Avg. Volume3,216,938
Financial Highlights & Ratios
PEG Ratio1.23
Price to Book (P/B)6.74
Price to Sales (P/S)4.75
P/FCF Ratio64.39
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 Upside74.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.07
Revenue Forecast (FY)AU$163.12M
Catapult Group International Business Overview & Revenue Model
Company Description
Catapult Sports Ltd. engages in the development and supply of wearable athlete tracking and analytics solutions. The company was founded by Shaun Holthouse and Igor van de Griendt in 2006 and is headquartered in Melbourne, Australia....
How the Company Makes Money
Catapult makes money primarily by selling access to its sports performance technology stack, combining hardware and software. Key revenue streams typically include: (1) sales or leasing of wearable tracking devices and related equipment used by te...
Catapult Group International Earnings Call Summary
Earnings Call Date:Nov 17, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook for Catapult, with strong growth in customer base and ACV, enhanced by strategic acquisitions. However, challenges like unexpected payroll taxes and the impact of exiting Russia moderated the optimism.Positive Updates
Record Customer Base Growth
Catapult's customer base grew to over 5,000 teams worldwide, an increase of 400 teams in just 6 months.
Negative Updates
Unexpected Payroll Tax Expense
An unexpected payroll tax expense of approximately $2 million affected operating profit, tied to the strong performance of Catapult's share price.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Customer Base Growth
Catapult's customer base grew to over 5,000 teams worldwide, an increase of 400 teams in just 6 months.
Read all positive updates
Company Guidance
During Catapult's investor conference call for the first half of FY '26, key metrics were highlighted, showcasing robust growth and strategic acquisitions. The company reported a 19% year-over-year increase in annual contract value (ACV) to USD 116 million and a 16% increase in total revenue to USD 68 million. Operating profit margins improved to 14%, with management EBITDA reaching USD 10 million, marking a 50% increase. The customer base expanded to over 5,000 teams globally, with more than 3,800 being professional teams, reflecting broad adoption across sports. ACV per professional team rose by 8%, driven by cross-selling and the uptake of multi-vertical solutions, with the number of multi-vertical customers increasing by 26% year-over-year. Retention rates remained strong at over 95%. The company's focus on innovation was underscored by the rollout of Vector 8 and the acquisition of Perch and Impect, which are expected to enhance Catapult's position in athlete performance monitoring and soccer scouting analytics. Despite an unexpected payroll tax expense of USD 2 million impacting the results, the company maintained a positive outlook, emphasizing its commitment to leveraging its comprehensive data set and AI capabilities to drive future growth.Catapult Group International Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 163.38M | 116.53M | 100.00M | 84.36M | 77.01M | 87.84M |
| Gross Profit | 36.87M | 94.36M | 81.14M | 63.83M | 57.41M | 15.99M |
| EBITDA | 33.13M | 17.62M | 11.24M | -9.98M | -14.85M | -7.98M |
| Net Income | -15.56M | -8.75M | -16.68M | -31.48M | -32.19M | -15.45M |
Balance Sheet | ||||||
| Total Assets | 218.31M | 165.89M | 163.95M | 163.77M | 171.40M | 122.12M |
| Cash, Cash Equivalents and Short-Term Investments | 11.24M | 10.76M | 11.54M | 16.30M | 26.17M | 22.22M |
| Total Debt | 15.50M | 9.80M | 18.35M | 24.16M | 7.38M | 6.27M |
| Total Liabilities | 109.22M | 83.97M | 85.91M | 77.31M | 61.55M | 45.02M |
| Stockholders Equity | 109.09M | 82.16M | 78.22M | 86.61M | 109.99M | 77.14M |
Cash Flow | ||||||
| Free Cash Flow | 37.94M | 8.60M | 18.39M | -56.73M | -1.97M | 21.97M |
| Operating Cash Flow | 54.58M | 38.45M | 31.70M | 3.73M | 2.67M | 25.02M |
| Investing Cash Flow | -46.14M | -29.85M | -27.05M | -25.28M | -39.85M | -14.03M |
| Financing Cash Flow | -6.71M | -9.33M | -8.61M | 13.19M | 41.54M | -5.02M |
Catapult Group International Technical Analysis
Neutral
3.23
Price Trends
3.41
Negative
3.84
Negative
5.16
Negative
Market Momentum
-0.10
Positive
47.84
Neutral
31.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAT, the sentiment is Neutral. The current price of 3.23 is below the 20-day moving average (MA) of 3.28, below the 50-day MA of 3.41, and below the 200-day MA of 5.16, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 31.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
56 Neutral | AU$375.23M | -9.37 | -26.36% | ― | -9.02% | 80.67% | |
51 Neutral | AU$934.04M | -22.72 | -10.48% | ― | 19.66% | 38.75% | |
43 Neutral | AU$6.75M | -1.59 | -429.54% | ― | ― | ― | |
41 Neutral | AU$33.88M | -2.36 | -102.57% | ― | -13.40% | 4.76% | |
41 Neutral | AU$5.69M | -0.53 | 209.30% | ― | -51.64% | -21.74% | |
40 Underperform | AU$71.92M | -1.75 | -60.02% | ― | 9.67% | 31.03% |
* Technology Sector Average
AU:CAT
Catapult Group International
3.20
-0.50
-13.51%
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Catapult Group International Corporate Events
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 ...
State Street Entities Exit Substantial Holding in Catapult Sports
Mar 24, 2026
State Street Corporation and several of its asset management subsidiaries have filed a notice that they have ceased to be substantial holders in Catapult Sports Ltd as of 20 March 2026. The change reflects adjustments to their relevant interest an...
Catapult Sports Dropped From S&P/ASX 200 in March Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, with changes effective before trading opens on March 23, 2026. The reshuffle sees movements across the SP/ASX 20, 50, 100, 200, and 300, including notable...
Catapult Sports Issues Over 2.1 Million New Shares on Option Conversion
Jan 28, 2026
Catapult Sports Ltd has issued 2,185,098 new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other convertible securities, with the new shares dated 22 January 2026. The move modestly enlarges the ...
Catapult Director Rebalances Equity Holding Through Option Exercise and Share Sale
Jan 28, 2026
Catapult Sports has disclosed a change in the interests of director Mr Willians Lopes, who has exercised 2,185,098 TIP options to acquire fully paid ordinary shares and subsequently sold a portion of these shares on market. Following the transacti...
Catapult CEO Sells Shares to Fund Option Exercise, Affirms Commitment
Jan 28, 2026
Catapult Sports has disclosed that CEO and Managing Director Will Lopes sold 1.3 million company shares on 22 January 2026 to fund the exercise costs of 2.2 million share options granted in 2023 and approaching expiry in May 2026, as well as to me...
Catapult Sports Issues 546,275 New Shares on Conversion of Unquoted Securities
Jan 19, 2026
Catapult Sports Ltd has issued 546,275 new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other convertible securities, with the new shares dated 14 January 2026. The move modestly increases the c...
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.