City Chic Collective Limited (CCX) AI Stock Analysis

• Market Cap: AU$42.37M
• Dividend Yield: N/A
• Average Volume (3M): 383.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: 2.35%
• EPS Growth: 95.03%
• Country: AU
• Employees: 546
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 385,157,800
• 10 Day Avg. Volume: 312,086
• 30 Day Avg. Volume: 383,396
• PEG Ratio: 0.04
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.14
• P/FCF Ratio: -2.27
• 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: AU$0.25
• Price Target Upside: 150.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): >-0.01
• Revenue Forecast (FY): AU$138.00M

• Rating: 46 Neutral
• Price Target: AU$0.11 ▲(8.00% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is primarily held back by weak financial fundamentals—loss-making performance, leverage risk, and negative operating/free cash flow—despite strong revenue growth. The latest earnings call was a relative positive with material margin, EBITDA and cash-flow improvements and strengthened liquidity actions, but revenue (especially the U.S.) remains a key risk. Technicals are neutral-to-weak, and valuation signals are constrained by negative earnings and no stated dividend yield.

Positive Factors

Revenue growth & gross margin

Sustained top-line expansion and a healthy gross margin indicate durable demand and product pricing power in core categories. This combination supports margin resilience and provides a base to reinvest in customer acquisition and product, improving odds of sustained profitable growth over the next several quarters.

EBITDA and margin expansion

A large EBITDA uplift and reported trading margin gains demonstrate operational leverage from cost discipline and better product mix. If management maintains pricing and cost controls, the profit improvement is a structural enhancement to cash conversion and financial durability over a 2–6 month horizon.

Improved liquidity and inventory actions

Material operating cash generation, inventory reduction and an extended undrawn facility materially strengthen near-term liquidity and lower refinancing risk. These balance-sheet actions increase runway for planned U.S. reinvestment and make the business structurally more resilient over coming quarters.

Negative Factors

Negative profitability and ROE

Despite margin improvements, the company remains loss-making at the net and EBIT level and is destroying equity capital. Negative ROE signals structural inability to generate shareholder returns, constraining capacity to self-fund growth or absorb shocks without sustained profit recovery.

High financial leverage

A debt-to-equity ratio near 1.0 denotes meaningful leverage that elevates interest and covenant risk. Even with cleaned covenants, high leverage reduces financial flexibility, limits strategic optionality, and raises the chance that further cash stress could force dilutive financing or operational cutbacks.

U.S. revenue & channel disruption

A deliberate purchasing pause and the shift from wholesale to marketplace caused a material U.S. revenue decline. Recovery depends on effective inventory reinvestment and channel execution; failure to restore U.S. momentum would leave concentration risk and impair medium-term revenue diversification.

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, Avenue, Evans, CCX, Hips & Curves, Fox & Royal, and Navabi brands. The company operates a network of 90 retail stores. It also sells its products through online and wholesale stores. The company was formerly known as Specialty Fashion Group Limited and changed its name to City Chic Collective Limited in November 2018. City Chic Collective Limited was incorporated in 1992 and is based in Alexandria, Australia.

How the Company Makes Money

City Chic Collective Limited generates revenue primarily through the sale of its apparel and accessories, targeting the plus-size market segment. The company's revenue model includes direct sales from its e-commerce platform, as well as income from physical retail stores. Key revenue streams consist of product sales, seasonal collections, and promotional campaigns. Additionally, CCX may engage in collaborations with influencers or brands, enhancing its visibility and sales through strategic partnerships. The company's focus on customer loyalty and repeat purchases further contributes to its earnings.

City Chic Collective Limited Financial Statement Overview

Summary

Strong revenue growth (+41.44%) and a healthy gross margin (45.73%), but weak overall quality of earnings: negative net profit/EBIT margins, high leverage (debt-to-equity 1.02) with negative ROE (-15.20%), and cash-flow pressure (negative operating and free cash flow; cash flow growth -34.13%).

Income Statement

City Chic Collective Limited has shown a significant revenue growth rate of 41.44% in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin is relatively healthy at 45.73%, but the negative net profit margin of -4.10% highlights ongoing challenges in cost management and operational efficiency.

Balance Sheet

The company's balance sheet reflects a high debt-to-equity ratio of 1.02, suggesting significant leverage which could pose financial risks. Return on equity is negative at -15.20%, indicating that the company is not generating profits from shareholders' equity. The equity ratio is moderate, suggesting a balanced asset structure, but the high leverage remains a concern.

Cash Flow

City Chic Collective Limited's cash flow statement reveals challenges in cash generation, with negative operating cash flow and free cash flow. The free cash flow to net income ratio is positive at 1.20, indicating some ability to convert income into cash, but the overall negative cash flow growth rate of -34.13% is concerning for future liquidity.

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

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.93 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STP	66 Neutral	AU$49.12M	-12.10	24.28%	20.30%	2.76%	1.93%
VVA	64 Neutral	AU$169.99M	19.91	4.75%	―	30.36%	47.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ABY	59 Neutral	AU$58.25M	150.00	1.90%	―	1.58%	-65.09%
UNI	58 Neutral	AU$692.79M	17.22	15.62%	4.70%	15.51%	-32.98%
CCX	46 Neutral	AU$42.37M	-7.29	-24.80%	―	2.35%	95.03%

City Chic Collective Limited Corporate Events

City Chic lifts profit, cuts debt as ANZ momentum offsets U.S. reset

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 rose 86% to $6.5 million, inventory was reduced by more than 20% year-on-year, and the group moved to a net cash position of $5.4 million after fully repaying debt and extending its undrawn $10 million facility to March 2028.

The U.S. business remained profitable but saw revenue fall 31.4% as the company deliberately cut purchasing amid tariff volatility, leaving partner channels temporarily constrained ahead of a planned Q4 FY26 sales relaunch supported by Summer 2026 product. Early 2H FY26 trading shows continued momentum in ANZ, with revenue up 9% and trading gross margin dollars up 17%, while management keeps dividends on hold and maintains strict cost, inventory, and execution discipline in response to softer consumer sentiment and macroeconomic pressures.

The most recent analyst rating on (AU:CCX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.

City Chic Narrows Loss and Lifts Underlying Earnings Despite Flat Sales

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 continuing operations surged 84% to $6.5 million, demonstrating significant operational improvement even as headline earnings remained negative.

The company’s overall loss after tax was $3.5 million, slightly higher than the prior period’s total loss once discontinued operations are included, and net tangible assets per share fell to 2.94 cents from 5.50 cents, underlining balance sheet pressure. City Chic again opted not to pay a dividend, signalling an ongoing focus on capital preservation and operational turnaround rather than shareholder distributions in the near term.

The most recent analyst rating on (AU:CCX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.

City Chic Restructures CEO Phil Ryan’s Equity Incentives With New FY26 Performance Rights

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 approval at the 2025 annual general meeting. At the same time, 2,340,000 FY24 Performance Rights and 2,161,235 unquoted loan-funded fully paid ordinary shares previously issued to Ryan have been cancelled or bought back for no consideration, effectively reshaping the structure and timing of his incentive exposure and aligning it with longer-dated performance outcomes, which may be seen by investors as a recalibration of executive incentives toward future performance horizons.

The most recent analyst rating on (AU:CCX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.

City Chic Issues Over 12.8 Million FY26 Performance Rights Under Incentive Plan

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 and will not be quoted on the ASX until those restrictions lapse, are designed to align employee remuneration with long-term company performance and shareholder value, signalling an ongoing commitment to incentivising key staff during the FY26 period.

The most recent analyst rating on (AU:CCX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.

City Chic Sets Date for 1H FY26 Results and Investor Webcast

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 James Plummer will brief analysts and investors via a webcast and conference call, underscoring the company’s ongoing engagement with the market and providing stakeholders with an opportunity to assess its trading performance and strategic progress in the plus-size fashion segment.

The most recent analyst rating on (AU:CCX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.

City Chic Lifts Margins and Profit as ANZ Growth Offsets US Inventory Pullback

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 volatility. Profitability improved markedly, with underlying EBITDA expected to rise 71–100% to A$6–7 million, gross margin expanding to 62.2%, average selling prices increasing 6.1%, and inventory cut by 21% as management prioritised margin and cash generation over discount-led sales. The company highlighted particularly robust trading in ANZ, where revenue grew 7.4% and trading margin increased 10.1% through disciplined promotions and improved full-price sell-through, while the US business remained profitable and is preparing for higher sales in the second half of FY26 after a cautious first-half ordering stance. Strengthened by net cash of A$5.4 million, no drawn debt and an extended A$10 million facility to March 2028, City Chic says it is on track to be operating cash flow positive for FY26, signalling a more resilient balance sheet and improved financial footing for shareholders and lenders despite a challenging macro and tariff environment.

The most recent analyst rating on (AU:CCX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.

City Chic Director Increases Stake with Significant Share Acquisition

City Chic Collective Limited announced a change in the director’s interest, with Natalie McLean acquiring an additional 103,873 ordinary shares through on-market trades. This change reflects a significant increase in McLean’s stake in the company, potentially indicating confidence in the company’s future performance and strategic direction.

The most recent analyst rating on (AU:CCX) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on City Chic Collective Limited stock, see the AU:CCX Stock Forecast page.