City Chic Collective Limited (AU:CCX)
ASX:CCX
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City Chic Collective Limited
(Sydney:CCX)
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Rating:45Neutral
Price Target:
AU$0.08
▼(-6.25% Downside)
Action:ReiteratedDate:04/11/26
The score is held down primarily by weak financial performance (loss-making, pressured cash generation, and high leverage) and a bearish technical setup (below major moving averages with negative MACD). The latest earnings call adds support via improving margins, EBITDA, and reported operating cash flow, but near-term top-line headwinds—especially in the U.S.—limit the uplift.
Positive Factors
Sustained gross margin expansion
Material and sustained gross margin expansion (220bps to 62.2%) reflects improved product mix, pricing discipline and lower promotions. Higher gross margins structurally boost operating leverage and provide headroom to invest in growth or absorb cost pressures over the next several quarters.
Negative Factors
High leverage on balance sheet
A debt-to-equity ratio near 1.0 and negative ROE indicate material financial leverage and limited returns to equity. This structural leverage raises refinancing and covenant sensitivity risk, constraining capital allocation flexibility and magnifying downside in a protracted sales slowdown.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained gross margin expansion
Material and sustained gross margin expansion (220bps to 62.2%) reflects improved product mix, pricing discipline and lower promotions. Higher gross margins structurally boost operating leverage and provide headroom to invest in growth or absorb cost pressures over the next several quarters.
Read all positive factors
City Chic Collective Limited (CCX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.66M
Dividend YieldN/A
Average Volume (3M)383.40K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth2.35%
EPS Growth95.03%
CountryAU
Employees546
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding385,157,800
10 Day Avg. Volume312,086
30 Day Avg. Volume383,396
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.53
Price to Sales (P/S)0.14
P/FCF Ratio-2.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.25Price Target Upside212.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$139.20M
City Chic Collective Limited Business Overview & Revenue Model
Company Description
City Chic Collective Limited operates as a retailer of plus-size women's apparel, footwear, and accessories in Australia, New Zealand, the United States, Canada, the United Kingdom, and rest of Europe. It offers its products under the City Chic, A...
How the Company Makes Money
City Chic Collective primarily makes money by selling plus-size women’s fashion products directly to consumers. Its core revenue stream is product sales generated through (1) e-commerce transactions via its brand websites and online marketplaces w...
City Chic Collective Limited Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call communicated clear operational and profitability progress—notably an 86% EBITDA uplift, strong gross margin expansion (+220 bps to 62.2%), improved cash generation (~$10m) and effective cost reductions—while acknowledging top-line constraints: group revenue was flat, U.S. sales fell 31% due to a deliberate purchasing pause and channel transitions (Amazon) will create short-term revenue headwinds. Management outlined concrete growth levers (ANZ momentum, U.S. reinvestment from March, AI-enabled product optimization and targeted customer strategies) that support confidence in future profitable growth.Positive Updates
Strong EBITDA Improvement
Underlying EBITDA improved to $6.5 million, an increase of $3.0 million year-on-year, representing an 86% improvement versus the prior corresponding period.
Negative Updates
Group Revenue Flat
Group revenue was $69.2 million, broadly flat with the prior corresponding period, indicating limited top-line growth despite margin and profitability improvements.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong EBITDA Improvement
Underlying EBITDA improved to $6.5 million, an increase of $3.0 million year-on-year, representing an 86% improvement versus the prior corresponding period.
Read all positive updates
Company Guidance
Guidance focused on driving profitable revenue growth by leveraging improved gross margins and disciplined cost control: management will reinvest in U.S. inventory from March for Summer ’26 aiming for stronger Q4 and beyond after H1 U.S. revenue fell 31% to $9.7m, while ANZ is expected to sustain momentum following H1 ANZ revenue +7.4% and trading gross margin dollars +10.1% (group trading gross margin up 220bps to 62.2%; ANZ first‑8‑weeks Q3 GM$ +17% and revenue +9%). Key metrics underpinning the plan include H1 EBITDA up 86% to $6.5m (from $3.5m), operating cash flow of ~ $10m–$10.1m, inventory down 21%, cash $5.4m with an undrawn $10m facility extended to Mar‑2028, cleaned down FY‑26 covenants, customer base 503k (58% high‑value), website traffic +9%, NPS 74, cost of doing business 51% (down 3pp), partner channel near‑term headwinds (partner down ~32%) after shifting Amazon to marketplace, and an estimated ~5% tariff duty reduction that does not change current plans.City Chic Collective Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
40
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.56M | 134.95M | 131.61M | 183.87M | 324.14M | 265.59M |
| Gross Profit | 41.16M | 61.72M | 56.79M | 52.31M | 82.23M | 78.38M |
| EBITDA | 9.20M | 1.53M | -17.47M | -18.39M | 50.14M | 47.20M |
| Net Income | -5.58M | -5.54M | -92.96M | -99.78M | 22.28M | 21.56M |
Balance Sheet | ||||||
| Total Assets | 96.54M | 105.03M | 140.94M | 237.68M | 355.35M | 266.97M |
| Cash, Cash Equivalents and Short-Term Investments | 5.43M | 7.95M | 21.43M | 12.41M | 9.95M | 71.46M |
| Total Debt | 52.37M | 37.06M | 58.63M | 61.46M | 61.27M | 28.05M |
| Total Liabilities | 66.93M | 68.62M | 105.81M | 124.95M | 144.77M | 84.07M |
| Stockholders Equity | 29.60M | 36.41M | 35.12M | 112.72M | 210.58M | 182.90M |
Cash Flow | ||||||
| Free Cash Flow | 8.99M | -8.54M | -19.28M | 25.89M | -63.44M | 8.58M |
| Operating Cash Flow | 11.80M | -7.13M | -16.83M | 29.77M | -51.89M | 15.15M |
| Investing Cash Flow | -6.42M | 10.06M | 9.55M | -3.88M | -15.80M | -46.78M |
| Financing Cash Flow | -11.79M | -16.44M | 15.98M | -23.75M | 5.96M | 83.27M |
City Chic Collective Limited Technical Analysis
Negative
0.08
Price Trends
0.10
Negative
0.11
Negative
0.10
Negative
Market Momentum
>-0.01
Negative
41.36
Neutral
-1.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCX, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.36 is Neutral, neither overbought nor oversold. The STOCH value of -1.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CCX.
City Chic Collective Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$37.99M | -1.83 | -8.79% | 20.30% | 2.76% | 1.93% | |
64 Neutral | AU$152.75M | 7.79 | 7.48% | ― | 30.36% | 47.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | AU$33.36M | 157.84 | 0.80% | ― | 1.58% | -65.09% | |
58 Neutral | AU$582.31M | 5.43 | 22.34% | 4.70% | 15.51% | -32.98% | |
45 Neutral | AU$29.66M | -3.00 | -16.89% | ― | 2.35% | 95.03% |
* Consumer Cyclical Sector Average
AU:CCX
City Chic Collective Limited
0.08
-0.02
-23.00%
AU:ABY
Adore Beauty Group Ltd.
0.36
-0.36
-50.00%
AU:VVA
Viva Leisure Ltd.
1.55
0.30
24.00%
AU:UNI
Universal Store Holdings Ltd.
7.59
0.59
8.48%
AU:STP
Step One Clothing Limited
0.21
-0.62
-75.03%
City Chic Collective Limited Corporate Events
City Chic lifts profit, cuts debt as ANZ momentum offsets U.S. reset
Feb 23, 2026
City Chic Collective reported 1H FY26 revenue of $69.2 million, with ANZ sales up 7.4% and trading gross margin dollars up 10.1% on the prior period, driven by stronger full-price sell-through and tighter promotional discipline. Underlying EBITDA ...
City Chic Narrows Loss and Lifts Underlying Earnings Despite Flat Sales
Feb 23, 2026
City Chic Collective reported first-half FY2026 revenue from continuing operations of $69.2 million, down 0.4%, while its net loss from continuing operations narrowed to $3.5 million from $6.7 million a year earlier. Underlying EBITDA from continu...
City Chic Restructures CEO Phil Ryan’s Equity Incentives With New FY26 Performance Rights
Feb 6, 2026
City Chic Collective has announced changes to managing director Phil Ryan’s equity interests, with the grant of 4,362,618 FY26 Performance Rights over ordinary shares under the company’s Equity Incentive Plan following shareholder appr...
City Chic Issues Over 12.8 Million FY26 Performance Rights Under Incentive Plan
Feb 6, 2026
City Chic Collective Limited has notified the market of the issue of 12,875,109 unquoted FY26 Performance Rights under its employee incentive scheme, effective 6 February 2026. The new performance rights, which are subject to transfer restrictions...
City Chic Sets Date for 1H FY26 Results and Investor Webcast
Jan 28, 2026
City Chic Collective has scheduled the release of its half-year results for the 26 weeks to 28 December 2025, with the 1H FY26 figures to be published on 24 February 2026. Following the announcement, CEO and Managing Director Phil Ryan and CFO Jam...
City Chic Lifts Margins and Profit as ANZ Growth Offsets US Inventory Pullback
Jan 18, 2026
City Chic Collective reported preliminary first-half FY26 sales of A$69.2 million, broadly flat year on year, with strong growth in its core ANZ market offset by weaker Americas revenue driven by deliberate inventory reductions amid tariff volatil...
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.