Cash Converters International Limited (CCV) AI Stock Analysis

• Market Cap: AU$223.50M
• Dividend Yield: 6.12%
• Average Volume (3M): 655.08K
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.75
• Revenue Growth: 1.01%
• EPS Growth: 40.94%
• Country: AU
• Employees: 1,765
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.01
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.04
• Revenue Forecast (FY): AU$437.25M

• Rating: 73 Outperform
• Price Target: AU$0.50 ▲(47.06% Upside)
• Action: Reiterated Date: 10/30/25
• Date: Action: Reiterated 10/30/25

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

Strong free cash flow generation

Very strong free cash flow growth and a FCF-to-net-income ratio near 91% indicate durable cash conversion. This supports reinvestment, franchise support, debt reduction or dividends, and provides a buffer versus cyclical revenue swings in retail and consumer finance over the next several quarters.

Improved leverage and ROE

A reduced debt-to-equity ratio alongside rising ROE suggests management has been improving capital structure and capital efficiency. Lower leverage enhances financial flexibility for strategic investments or store/franchise support and reduces refinancing risk through changing credit conditions.

High gross margins and steady revenue growth

High gross margins reflect favorable economics in retailing pre-owned goods and loan yields, while steady revenue growth shows underlying demand. Combined with diversified revenue (consumer finance, retail and franchising), this margin profile underpins sustainable profitability and cash generation over time.

Negative Factors

Modest net margin and room to improve efficiency

Net margin near mid-single digits limits the firm's ability to absorb shocks or invest aggressively without eroding returns. EBIT/EBITDA indicate reasonable operating profitability, but sustained margin expansion is needed to materially boost shareholder returns and withstand deteriorating credit or retail conditions.

Equity ratio remains moderate

Although leverage has improved, a moderate equity ratio means the balance sheet is not heavily capitalized. This constrains the company’s capacity to fund rapid network expansion, large franchise support programs or absorb significant loan losses without tapping external funding or slowing growth.

Earnings tied to loan performance and retail demand

Business model relies on short-term consumer credit and resale of pledged goods, making earnings sensitive to credit cycles and second‑hand market prices. Sustained weakness in consumer demand or higher defaults would materially pressure margins and cash conversion over multi‑quarter horizons.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	394.08M	381.14M	377.14M	262.02M	212.21M	200.32M
Gross Profit	93.52M	278.22M	92.27M	79.17M	69.80M	125.74M
EBITDA	70.84M	67.05M	59.82M	-67.85M	35.97M	40.45M
Net Income	22.47M	24.48M	17.40M	-97.16M	11.18M	16.20M
Balance Sheet
Total Assets	506.77M	485.75M	478.04M	445.54M	478.19M	477.66M
Cash, Cash Equivalents and Short-Term Investments	43.51M	73.20M	56.29M	71.56M	58.09M	72.17M
Total Debt	261.13M	202.15M	223.62M	200.73M	133.18M	133.76M
Total Liabilities	253.36M	257.79M	266.67M	239.04M	162.84M	159.75M
Stockholders Equity	253.41M	227.96M	211.37M	206.49M	315.35M	317.90M
Cash Flow
Free Cash Flow	72.21M	75.94M	31.99M	-16.01M	6.01M	-1.91M
Operating Cash Flow	81.30M	83.09M	38.45M	-11.54M	7.91M	1.69M
Investing Cash Flow	-79.20M	-28.31M	-33.06M	-22.63M	1.89M	-6.45M
Financing Cash Flow	-15.70M	-38.74M	-20.67M	47.01M	-23.42M	-29.77M

Cash Converters International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCV, the sentiment is Negative. The current price of 0.34 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.33, and above the 200-day MA of 0.31, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.80 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$223.50M	5.82	11.26%	6.12%	1.01%	40.94%
JYC	72 Outperform	AU$173.87M	7.81	21.22%	5.01%	1.82%	-18.84%
DSK	66 Neutral	AU$56.66M	1.19	12.71%	9.03%	8.39%	3.21%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ABY	58 Neutral	AU$37.58M	157.84	1.90%	―	1.58%	-65.09%
BBN	54 Neutral	AU$268.09M	46.89	8.94%	―	4.72%	465.60%

Cash Converters International Limited Corporate Events

Cash Converters Lifts Earnings as Lending Shift and Store Acquisitions Pay Off

Cash Converters reported an 18% rise in operating EBITDA to $34.2m and a 9% increase in operating net profit to $13.2m for the half year to 31 December 2025, despite a lower statutory profit due to strategic transition costs. The business has largely wound down its payday loan portfolio and expanded its new Cashies line-of-credit book to $58.2m, reducing net loss rates while maintaining financial flexibility with $43.5m in cash, $74.3m in undrawn facilities, and a continued dividend.

The company’s acquisition-led shift toward corporate-owned stores is bolstering earnings, with Australian store profit before tax up 28% and UK store profit before tax up 91%, helped by gold price-driven margin gains and 8% same-store revenue growth in both markets. Cash Converters is also rolling out luxury-only store formats in Australia and piloting them in the UK, strengthening its international footprint and positioning the group for continued quality earnings growth from a larger, higher-margin retail and lending platform.

The most recent analyst rating on (AU:CCV) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Cash Converters International Limited stock, see the AU:CCV Stock Forecast page.

Cash Converters Declares Interim Dividend of A$0.01 Per Share

Cash Converters International has declared an ordinary dividend of A$0.01 per fully paid share relating to the six-month period ended 31 December 2025, with an ex-dividend date of 23 March 2026 and a record date of 24 March 2026. The dividend is scheduled to be paid on 15 April 2026, and shareholders may elect to participate in the dividend reinvestment plan by 25 March 2026, providing them with flexibility in how they receive their returns and signalling the company’s capacity to distribute profits over the period.

The most recent analyst rating on (AU:CCV) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Cash Converters International Limited stock, see the AU:CCV Stock Forecast page.

Cash Converters Restarts Dividend Reinvestment Plan and Broadens Investor Access

Cash Converters International has reinstated its Dividend Reinvestment Plan, effective 20 February 2026, after having suspended it in August 2021, with no changes to its existing terms and conditions. The plan remains voluntary for shareholders, with previous participants automatically continuing, and the board has extended eligibility to institutional accredited investors in the United States subject to certification, signalling a renewed focus on equity-funded growth and broader capital participation ahead of future dividend decisions.

The company will determine on a case-by-case basis whether the plan will apply to upcoming dividends and may adjust eligibility or certification requirements as needed. While nominees and custodians are restricted from distributing DRP materials outside Australia without consent, the move positions Cash Converters to deepen shareholder engagement, diversify its investor base and potentially strengthen its capital management flexibility in its core lending and retail operations.

The most recent analyst rating on (AU:CCV) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Cash Converters International Limited stock, see the AU:CCV Stock Forecast page.

Cash Converters Updates Securities Trading Policy as It Refines Global Strategy

Cash Converters International Limited has lodged a revised Securities Trading Policy with the ASX, updating its governance framework for how directors, executives and other relevant personnel may trade in the company’s securities. The updated policy is now accessible via the corporate governance section of the company’s website, signalling an emphasis on transparency and compliance with ASX Listing Rule 12.10.

The move reinforces Cash Converters’ broader strategic positioning as it transforms its lending portfolio toward longer-term, lower-cost credit products and builds out its luxury second-hand retail offering. Strengthening securities trading governance may enhance investor confidence and support its standing in key markets across Australia, New Zealand, the United Kingdom and its global franchise network.

The most recent analyst rating on (AU:CCV) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Cash Converters International Limited stock, see the AU:CCV Stock Forecast page.