Cash Converters International Limited (CCV) AI Stock Analysis

• Market Cap: AU$225.27M
• Dividend Yield: 6.22%
• Average Volume (3M): 655.08K
• Price to Earnings (P/E): 8.2
• Beta (1Y): 0.68
• Revenue Growth: 1.01%
• EPS Growth: 40.94%
• Country: AU
• Employees: 1,765
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.02
• Shares Outstanding: 709,510,600
• 10 Day Avg. Volume: 778,643
• 30 Day Avg. Volume: 655,081
• PEG Ratio: 0.17
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.46
• P/FCF Ratio: 2.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: AU$0.50 ▲(56.25% Upside)

Cash Converters International Limited scores well due to its strong financial performance and attractive valuation. The company's robust cash flow and prudent debt management are significant strengths. While technical indicators suggest a neutral market sentiment, the stock's low P/E ratio and high dividend yield make it appealing for value and income-focused investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth opportunities and debt reduction.

Debt Management

Improved debt management reduces financial risk and interest burden, strengthening the company's balance sheet and long-term viability.

Negative Factors

Operational Efficiency

While margins are healthy, there is potential for enhancing operational efficiency, which could improve profitability and competitive positioning.

Equity Ratio

A moderate equity ratio indicates cautious asset leveraging, which might limit aggressive growth strategies but maintains financial stability.

Net Profit Margin

Despite improvement, the net profit margin remains modest, suggesting the need for further cost control and revenue enhancement to boost profitability.

Cash Converters International Limited Business Overview & Revenue Model

Company Description

Cash Converters International Limited operates as a franchisor of second-hand goods and financial services stores under the Cash Converters brand name. It operates through Franchise Operations, Store Operations, Personal Finance, and Vehicle Financing segments. The Franchise Operations segment engages in the sale of franchises for the retail sale of new and second-hand goods, as well as sale of master licenses for the development of franchises worldwide. The Store Operations segment is involved in the retail sale of new and second-hand goods, as well as in cash advance and pawnbroking operations through corporate owned stores in Australia. The Personal Finance segment provides personal loans; and Mon-E, which provides administration services for the Cash Converters network in Australia to offer small cash advance loans to customers. The Vehicle Financing segment provides motor vehicle financing services. The company operates 155 stores in Australia and 548 stores internationally. Cash Converters International Limited was founded in 1984 and is based in Perth, Australia.

How the Company Makes Money

CCV generates revenue through multiple streams, primarily from retail sales of second-hand goods and financial services. The retail segment includes the sale of pre-owned items, which are acquired through customer sales or pawning, allowing the company to sell these items at a markup. The financial services division contributes significantly to revenue through interest and fees charged on personal loans and pawnbroking services. This model is bolstered by the company's ability to attract customers in need of quick cash solutions, often leading to repeat business. Additionally, CCV may engage in partnerships with financial institutions to enhance its service offerings, further diversifying its revenue channels.

Cash Converters International Limited Financial Statement Overview

Summary

Cash Converters International Limited demonstrates strong financial health with solid revenue growth and profitability improvements. The balance sheet shows a prudent approach to debt management, while cash flow generation is robust, supporting future growth and stability. Continued focus on operational efficiencies and cash flow optimization will further strengthen the company's financial position.

Income Statement

Cash Converters International Limited has shown a solid revenue growth rate of 5.61% in the latest year, with a strong gross profit margin of 72.99%. The net profit margin improved to 6.42%, indicating enhanced profitability. However, the EBIT and EBITDA margins, while healthy at 12.99% and 17.59% respectively, suggest room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.89, reflecting a better balance between debt and equity financing. Return on equity increased to 10.74%, showcasing effective use of equity capital. However, the equity ratio remains moderate, indicating a balanced but cautious approach to leveraging assets.

Cash Flow

The cash flow statement reveals a robust free cash flow growth rate of 45.88%, with a strong free cash flow to net income ratio of 91.39%. Operating cash flow to net income ratio is at 56.64%, indicating solid cash generation relative to net income, though there is potential for further improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	371.10M	381.14M	377.14M	262.02M	212.21M	200.32M
Gross Profit	98.70M	278.22M	92.27M	79.17M	69.80M	125.74M
EBITDA	74.70M	67.05M	59.82M	-67.85M	35.97M	40.45M
Net Income	24.48M	24.48M	17.40M	-97.16M	11.18M	16.20M
Balance Sheet
Total Assets	485.75M	485.75M	478.04M	445.54M	478.19M	477.66M
Cash, Cash Equivalents and Short-Term Investments	73.20M	73.20M	56.29M	71.56M	58.09M	72.17M
Total Debt	202.15M	202.15M	223.62M	200.73M	133.18M	133.76M
Total Liabilities	257.79M	257.79M	266.67M	239.04M	162.84M	159.75M
Stockholders Equity	227.96M	227.96M	211.37M	206.49M	315.35M	317.90M
Cash Flow
Free Cash Flow	76.84M	75.94M	31.99M	-16.01M	6.01M	-1.91M
Operating Cash Flow	82.68M	83.09M	38.45M	-11.54M	7.91M	1.69M
Investing Cash Flow	-28.31M	-28.31M	-33.06M	-22.63M	1.89M	-6.45M
Financing Cash Flow	-36.79M	-38.74M	-20.67M	47.01M	-23.42M	-29.77M

Cash Converters International Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCV, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.32, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.04 is Neutral, neither overbought nor oversold. The STOCH value of 82.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CCV.

Cash Converters International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCV	73 Outperform	AU$225.27M	8.18	11.26%	6.22%	1.01%	40.94%
JYC	67 Neutral	AU$157.01M	21.35	21.22%	5.11%	1.82%	-18.84%
ABY	66 Neutral	AU$108.05M	148.77	1.90%	―	1.58%	-65.09%
DSK	66 Neutral	AU$48.57M	11.03	12.71%	9.03%	8.39%	3.21%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BBN	56 Neutral	AU$320.90M	33.95	8.94%	―	4.72%	465.60%

Cash Converters International Limited Corporate Events

Director Increases Stake in Cash Converters

Cash Converters International Limited announced a change in the director’s interest, with Robert Hines acquiring an additional 85,893 ordinary fully paid shares through the company’s non-renounceable entitlements offer. This acquisition increases Hines’ total holdings to 907,893 shares, signaling a strengthened personal investment in the company, which may reflect confidence in its future performance and stability.

Director Increases Stake in Cash Converters

Cash Converters International Limited announced a change in the director’s interest, with Director Andrew Spicer acquiring 8,707 ordinary fully paid shares under the company’s non-renounceable entitlements offer. This acquisition increases his total holdings to 92,040 shares, reflecting a strategic move that could enhance his influence within the company and potentially impact shareholder confidence.

Director Increases Stake in Cash Converters

Cash Converters International Limited announced a change in the director’s interest, with Mark Ashby acquiring 9,288 ordinary fully paid shares through the company’s non-renounceable entitlements offer. This acquisition increases Ashby’s total holdings to 98,176 shares, reflecting a strategic move to strengthen his stake in the company, potentially signaling confidence in the company’s future performance.

Cash Converters Announces Quotation of New Securities on ASX

Cash Converters International Limited has announced the application for quotation of 30,344,935 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, potentially impacting the company’s market presence and providing opportunities for stakeholders to engage with its financial growth.

Cash Converters Issues New Performance Rights as Part of Employee Incentive Scheme

Cash Converters International Limited has announced the issuance of 14,112,466 performance rights set to expire on September 30, 2028. These unquoted securities are part of an employee incentive scheme, reflecting the company’s efforts to align employee interests with long-term company performance, potentially impacting its operational dynamics and stakeholder engagement.

Cash Converters 2025 AGM Resolutions Passed with Strong Shareholder Support

Cash Converters International Limited announced that all resolutions proposed at its 2025 Annual General Meeting were passed by shareholders via a poll. This outcome reflects strong shareholder support for the company’s strategic initiatives, including the re-election of board members and the approval of performance rights for the CEO. The successful passage of these resolutions is likely to bolster the company’s efforts in expanding its market presence and enhancing its operational strategies.

Cash Converters Reports Strong FY2025 Results and Strategic Expansion

Cash Converters International Limited announced strong financial performance for FY2025, with an 8% increase in Operating EBITDA to $74.5 million and a 20% rise in Operating Net Profit After Tax to $25.1 million. The company has been expanding its store network, acquiring 20 stores in the UK and Australia, and plans further growth through a capital raise and acquisition of a 29-store network in Australia. The company’s strategy includes focusing on high-value inventory and reshaping its loan offerings by exiting payday and auto lending, which has resulted in a 15% reduction in the overall loan book.

Cash Converters Completes $25 Million Equity Raising to Acquire Franchise Stores

Cash Converters International Limited has successfully completed its retail entitlement offer, raising approximately $25 million in total equity. This funding will support the acquisition of 29 Australian franchise stores, expanding the company’s corporate store presence and enhancing its retail and lending operations on the East Coast of Australia. The acquisition is expected to be completed by December 1, 2025, and will increase operational scale and efficiency, aligning with the company’s growth strategy.

Cash Converters Launches $25 Million Equity Raising for Franchise Expansion

Cash Converters International Limited has announced a fully underwritten institutional placement and a partially underwritten pro-rata accelerated non-renounceable entitlement offer to raise approximately $25 million. The funds will be used to acquire a 29-store franchise network across several Australian regions, aligning with the company’s growth strategy. The entitlement offer is not extended to shareholders outside Australia and New Zealand due to regulatory and cost considerations, impacting ineligible shareholders’ ability to participate.

Cash Converters Launches $25 Million Equity Raising for Expansion

Cash Converters International Limited has announced a retail entitlement offer as part of a larger equity raising initiative to gather approximately $25 million. The funds will be used to acquire a 29-store franchise network across several Australian regions, enhancing the company’s growth strategy and market presence. The offer allows eligible retail shareholders to purchase new shares at a set price, with the proceeds aimed at funding the acquisition and associated costs. The move is expected to strengthen Cash Converters’ operational capabilities and expand its footprint in the financial services sector.

Cash Converters Launches Retail Entitlement Offer to Strengthen Financial Position

Cash Converters International Limited has announced the availability of its Retail Offer Booklet for the 1 for 9.57 accelerated non-renounceable entitlement offer of new ordinary shares. This offer is open to eligible retail shareholders and aims to strengthen the company’s financial position. The offer opens on 3 November 2025 and closes on 17 November 2025, with the company emphasizing the importance of reading the offer booklet carefully. This move is part of Cash Converters’ strategy to enhance its market presence and operational capabilities, potentially impacting its stakeholders positively.

Cash Converters Issues New Shares to Boost Market Liquidity

Cash Converters International Limited has issued 16,393,443 new fully paid ordinary shares at an issue price of $0.305 each to professional and sophisticated investors. This issuance, part of an institutional placement, allows the shares to be traded immediately, potentially impacting the company’s liquidity and market presence positively.

Cash Converters Announces New Securities Quotation on ASX

Cash Converters International Limited has announced the application for the quotation of 51,620,660 ordinary fully paid securities on the Australian Securities Exchange (ASX), set to be issued on November 3, 2025. This move is part of previously announced transactions and could potentially enhance the company’s market liquidity and investor base, reflecting a strategic effort to strengthen its financial standing and operational growth.

Cash Converters Completes $15.74 Million Institutional Equity Raising

Cash Converters International Limited has successfully completed the institutional component of its equity raising, securing approximately $15.74 million through a fully underwritten institutional placement and entitlement offer. The funds, along with existing cash reserves, are intended to support the acquisition of 29 franchise stores across several Australian states, enhancing the company’s retail network and market presence. The retail component of the equity raising is expected to raise an additional $9.26 million, bringing the total to approximately $25 million. The completion of this capital raising effort is anticipated to strengthen Cash Converters’ operational capabilities and expand its footprint in the financial services sector.

Cash Converters Announces Equity Raising to Strengthen Financial Position

Cash Converters International Limited has announced an equity raising initiative through a fully underwritten institutional placement and a partially underwritten pro-rata accelerated non-renounceable entitlement offer. The initiative aims to issue 65,573,770 new shares to raise approximately A$20 million, which will account for about 9.24% of the company’s issued shares post-completion. The largest shareholder, EZCORP Inc., has committed to fully subscribing to its entitlement, and the equity raising is underwritten by Bell Potter Securities Limited. The impact on company control will depend on existing shareholdings and shareholder participation.

Cash Converters Announces Proposed Securities Issue to Bolster Capital

Cash Converters International Limited has announced a proposed issue of securities, involving an accelerated non-renounceable entitlement offer and a placement. The company plans to issue a total of 81,967,213 ordinary fully paid securities, with 65,573,770 allocated for the accelerated offer and 16,393,443 for the placement. This move is expected to enhance the company’s capital structure and support its ongoing business operations.

Cash Converters Announces Strategic Acquisition and Equity Raising

Cash Converters International Limited has announced a proposed acquisition of 29 franchise stores forming the Cash Converters Investment Group, alongside a plan to raise approximately A$25 million through a combination of a fully underwritten placement and a pro-rata entitlement offer. This strategic move is expected to enhance the company’s market presence and operational capabilities, potentially benefiting shareholders and strengthening its position in the financial services sector.

Cash Converters Announces $25 Million Equity Raising for Franchise Acquisition

Cash Converters International Limited has announced a $25 million equity raising initiative to fund the acquisition of 29 Australian franchise stores, known as the Cash Converters Investment Group, for $37 million. This acquisition is expected to be earnings accretive in the first year and will expand the company’s corporate store network significantly, enhancing its market presence in key Australian regions. The largest shareholder, EZCORP, supports this move, committing to a substantial portion of the equity raising, which underscores the strategic importance of this acquisition in line with Cash Converters’ growth strategy.

Cash Converters Requests Trading Halt for Capital Raising Announcement

Cash Converters International Limited has requested a trading halt on its securities pending an announcement related to a proposed capital raising. This move is aimed at addressing the outcome of the institutional component of the capital raising, which could impact the company’s financial strategy and market positioning.

Cash Converters to Hold 2025 AGM Virtually, Enhancing Shareholder Engagement

Cash Converters International Limited has announced its 2025 Annual General Meeting (AGM), scheduled for November 20, 2025, which will be held virtually. Shareholders are encouraged to participate online, with options to submit proxies and questions ahead of the meeting. This virtual format aims to enhance accessibility and engagement, reflecting the company’s adaptation to modern communication methods and potentially broadening shareholder participation.

Cash Converters Announces Cessation of Performance Rights

Cash Converters International Limited has announced the cessation of certain securities, specifically performance rights that were set to expire in 2026 and 2027. The lapse occurred due to the conditions attached to these securities not being met or becoming incapable of being satisfied, impacting the company’s issued capital structure.

Cash Converters Announces 2025 AGM Date and Director Nominations

Cash Converters International Limited has announced its Annual General Meeting will be held on November 20, 2025, with nominations for director positions closing on October 2, 2025. This announcement is part of the company’s ongoing efforts to engage with stakeholders and align its governance structure with its strategic goals, potentially impacting its operations and market positioning.

Cash Converters International Expands Global Reach and Enhances Profitability

Cash Converters International Limited announced strategic growth through franchise acquisitions in Australia and the UK/Europe, alongside the introduction of new smaller store formats offering high-margin luxury goods. The company has processed over 500,000 applications in Australia using proprietary machine learning credit models, and its strategic business transformation has delivered profit growth. The company has paid five consecutive annual dividends and is focused on expanding its store network and growing new loan books.

Cash Converters Updates Dividend Distribution for NZ Shareholders

Cash Converters International Limited announced an update to its previous dividend distribution notification, specifically addressing the currency conversion for New Zealand shareholders. The update ensures that shareholders with registered addresses in New Zealand, who opted for payments in New Zealand dollars, will receive their dividends in the local currency, reflecting the company’s commitment to accommodating its international stakeholders.

Cash Converters Appoints David Rose as New CFO

Cash Converters International Limited has appointed David Rose as its new Chief Financial Officer, effective September 15, 2025. David Rose brings extensive experience from his previous role at ScotPac, where he led significant growth and strategic initiatives. His expertise in capital management, funding, and leveraging technology will be crucial as Cash Converters embarks on a new wave of acquisitions across Australia and Europe, aligning with its strategic goals.

Cash Converters Announces Director’s Interest Change

Cash Converters International Limited announced a change in the director’s interest notice, involving Sam William Budiselik. The notice details the off-market transfer of shares, resulting in a significant shift in Budiselik’s holdings. This change could impact the company’s governance and investor perceptions, as it reflects internal adjustments in share distribution among key stakeholders.

Cash Converters CFO Resigns Amidst Strategic Transformation

Cash Converters International Limited announced the resignation of its Chief Financial Officer, Mr. Jonty Gibbs, who has been with the company since March 2021 and served as CFO since April 2023. Mr. Gibbs contributed significantly to the company’s financial operations and governance during a period of growth and transformation. The company has started the process of recruiting a new CFO and will update stakeholders in due course.