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Cettire Ltd.
(Sydney:CTT)
Cettire Ltd. (CTT) vs. S&P 500 (SPY)
Cettire Ltd. Business Overview & Revenue Model
Cettire Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 742.26M | 416.23M | 209.88M | 92.41M | 22.86M | Gross Profit |
| 155.00M | 95.62M | 37.36M | 21.98M | 5.70M | EBIT |
| 14.71M | 24.47M | -26.25M | -972.31K | 1.70M | EBITDA |
| 24.84M | 24.85M | -24.91M | -124.16K | 2.38M | Net Income Common Stockholders |
| 10.47M | 15.97M | -19.06M | -251.14K | 1.53M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 78.96M | 46.31M | 22.67M | 47.13M | 36.59M | Total Assets |
| 140.32M | 100.77M | 54.35M | 57.82M | 40.99M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 743.81K | Net Debt |
| -78.96M | -46.31M | -22.67M | -47.13M | -35.84M | Total Liabilities |
| 104.25M | 67.77M | 37.16M | 22.06M | 6.66M | Stockholders Equity |
| 36.07M | 33.00M | 17.19M | 35.76M | 34.34M |
| Cash Flow | Free Cash Flow | |||
| 48.68M | 24.38M | -23.05M | 10.03M | 4.19M | Operating Cash Flow |
| 62.96M | 36.45M | -14.67M | 12.74M | 5.52M | Investing Cash Flow |
| -14.28M | -12.07M | -8.38M | -2.71M | -1.33M | Financing Cash Flow |
| -10.29M | -1.35M | 0.00 | 32.70M | -340.49K |
Cettire Ltd. Technical Analysis
Cettire Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €13.26B | 51.65 | 8.51% | 2.37% | 17.01% | -26.92% | |
69 Neutral | $2.05B | 307.68 | 5.83% | ― | 26.11% | -21.35% | |
62 Neutral | $470.13M | 271.84 | 1.28% | 2.15% | 4.67% | -72.98% | |
62 Neutral | $32.36B | 52.44 | 37.91% | 0.89% | 20.28% | 118.95% | |
62 Neutral | AU$173.46M | 71.09 | 5.40% | ― | 34.18% | -88.26% | |
61 Neutral | $6.69B | 11.69 | 3.01% | 3.94% | 2.60% | -21.51% | |
50 Neutral | $211.40M | ― | -19.32% | ― | -13.61% | 86.37% |
Cettire Ltd. Corporate Events
JPMorgan Chase & Co. and its affiliates have become substantial holders in Cettire Ltd, acquiring a 5.06% voting power as of April 29, 2025. This development may influence Cettire’s market dynamics and stakeholder interests, as JPMorgan’s involvement could bring additional financial expertise and resources to the company.
Cettire Ltd. has announced a change in the interests of a substantial shareholder, Citigroup Global Markets Australia Pty Limited. The notice indicates a decrease in Citigroup’s voting power from 7.9136% to 6.8806%, reflecting changes in the relevant interests of Citibank, N.A. Sydney Branch and Citigroup Global Markets Limited. This adjustment in shareholding may impact Cettire’s market positioning and stakeholder dynamics, as Citigroup’s involvement in securities lending agreements and stock market transactions is adjusted.
Cettire Ltd. has announced that JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in the company as of April 24, 2025. This change in substantial holding involves various transactions including securities lending and proprietary trading by JPMorgan’s subsidiaries, impacting the voting securities of Cettire Ltd.
Cettire Ltd. has experienced a change in the substantial holding of its shares, with Bank of America Corporation and its related entities increasing their voting power from 6.76% to 8.78%. This change indicates a significant shift in shareholder influence, potentially impacting the company’s strategic decisions and market perception.
Cettire Ltd. has announced a change in the interests of its substantial shareholder, Citigroup Global Markets Australia Pty Limited. The announcement details a shift in voting power, with Citigroup’s voting power increasing from 6.8694% to 7.9136%. This change reflects various transactions and obligations under securities lending agreements, indicating a strategic adjustment in Citigroup’s stake in Cettire Ltd.
Cettire Limited reported a slight increase in sales revenue for Q3 FY25, with a 1% rise compared to the previous year. Despite the challenging market conditions and increased promotional activities, the company maintained a strong customer base with an 8% increase in active customers. However, the company faced a negative adjusted EBITDA, partly due to foreign exchange losses. The recent US tariff changes have softened demand in Cettire’s largest market, prompting the company to focus on geographic diversification and cost-saving initiatives to drive profitability in the coming quarter.
Cettire Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change is due to the purchase of securities by entities controlled by First Sentier Investors Holdings Pty Ltd and Morgan Stanley, affecting the voting securities previously held by Mitsubishi UFJ Financial Group.
Cettire Ltd. has announced that First Sentier Investors Holdings Pty Limited and its related bodies have ceased to be substantial holders in the company as of April 9, 2025. This change in substantial holding could impact Cettire’s shareholder dynamics and influence its market positioning, as substantial holders often play a significant role in corporate governance and strategic decision-making.
Cettire Ltd has seen a significant change in its shareholder structure with Mitsubishi UFJ Financial Group, Inc. becoming a substantial holder. This development indicates a shift in voting power dynamics, as Mitsubishi UFJ Financial Group now holds a relevant interest in a significant number of shares, potentially impacting Cettire’s strategic decisions and market positioning.
Cettire Ltd. has announced a significant change in its shareholder structure, with Mitsubishi UFJ Financial Group (MUFG) acquiring a substantial voting interest through its subsidiary, First Sentier Investors Holdings Pty Limited. This development indicates MUFG’s strategic interest in Cettire, potentially impacting the company’s governance and future strategic direction.
Cettire Ltd. has announced a change in the interests of a substantial shareholder, Citigroup Global Markets Australia Pty Limited, which is part of the Citigroup group of companies. The voting power of Citigroup has increased from 5.0012% to 6.8694% due to changes in relevant interests in the company’s voting securities. This shift indicates a significant increase in Citigroup’s stake in Cettire, potentially impacting the company’s governance and decision-making processes.
Cettire Limited, a global luxury online platform, is assessing the impact of recent changes to US tariffs on imports from the European Union, which could affect 41% of its gross sales related to EU-manufactured goods sold in the US. Although shipments below $800 remain duty-free, Cettire is evaluating the broader implications, as many luxury retailers might face price increases. The company has been preparing for potential tariff changes since 2024, focusing on a localization strategy to diversify its revenue base.
Cettire Ltd. has announced the cessation of Kerry Robert East as a director, effective April 1, 2025. This change may impact the company’s governance and strategic direction, as East held a significant interest in the company through 1,000,000 ordinary shares via East Super Pty Ltd. Stakeholders may need to consider the implications of this leadership transition on Cettire’s future operations and market positioning.
Cettire Limited has announced the appointment of Daniel Agostinelli as a director, effective from April 1, 2025. The announcement indicates that Agostinelli currently holds no relevant interests in securities as a registered holder or through other entities, and there are no disclosed interests in contracts related to the company.
Cettire Limited, a global luxury fashion platform, has announced changes to its Board of Directors. Bob East will retire as Chair and Director, with Steven Fisher, a current Non-Executive Director, stepping in as the new Chair. Additionally, Daniel Agostinelli joins as an Independent Non-Executive Director, bringing extensive retail experience. These changes underscore Cettire’s commitment to strong governance and strategic leadership as it continues to scale operations and enhance its market position.
JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Cettire Ltd as of March 26, 2025. This change in substantial holding, involving securities on loan and proprietary trading activities, may impact Cettire’s shareholder composition and potentially influence market perceptions of the company’s stock.
Cettire Ltd. has experienced a change in the interests of a substantial holder, Bank of America Corporation, which has reduced its voting power from 7.90% to 6.76%. This change reflects a decrease in the number of ordinary shares held by the corporation, potentially affecting the company’s shareholder dynamics and market perception.
Cettire Ltd. has announced that JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in the company as of March 6, 2025. This change in substantial holding involves various transactions including securities on loan and purchase and sales of securities by JPMorgan’s subsidiaries, which could impact the company’s market dynamics and investor relations.
Cettire Ltd. announced a change in the director’s interest notice, highlighting that Jonathan Gidney, a director, has increased his indirect shareholding in the company by acquiring an additional 10,000 ordinary shares through an on-market purchase. This change reflects a growing confidence in the company’s prospects and may positively impact stakeholder perceptions, potentially enhancing Cettire’s market position.
Cettire Ltd. has announced the cessation of Bruce Rathie as a director, effective February 26, 2025. This change in the board may impact the company’s strategic direction, as Rathie held 400,000 ordinary shares through Rathie Super Pty Ltd, indicating a significant stake and potential influence in the company’s operations.
Cettire Limited announced the appointment of Steven Fisher as a director, effective February 26, 2025. This appointment is part of the company’s strategic efforts to strengthen its leadership team, with Fisher holding 30,000 ordinary shares through Danlar Nominees Pty Ltd ATF S&L Fisher Superannuation Fund. This move is expected to enhance the company’s governance and potentially influence its market positioning positively.
Cettire Limited, a prominent player in the luxury online retail sector, has announced the appointment of Steven Fisher as an independent non-executive director, following the retirement of Bruce Rathie. Fisher brings over 30 years of strategic growth experience in the retail industry, which is expected to enhance Cettire’s board capabilities and strengthen its market position.
Cettire Limited reported a 12% increase in gross revenue to $514.1 million and an 11% rise in sales revenue to $394.0 million for the first half of fiscal year 2025, despite a challenging market environment for luxury goods. The company achieved an adjusted EBITDA of $12.1 million, reflecting improved profit margins and strategic cost management, while active customers grew by 21% to approximately 695,000. Cettire’s focus on repeat customers, who accounted for 67% of gross revenue, and a reduction in customer acquisition costs contributed to its financial performance. The company ended the period with a strong cash position of $101.0 million and no financial debt, positioning it well for future growth as market conditions normalize.
Cettire Limited reported an 11% increase in revenue for the half-year ended December 31, 2024, reaching approximately $394 million. However, net profit after tax saw a significant decline of 63%, dropping to $4.7 million, attributed to increased operational costs. The company did not declare any dividends for this period, and the net tangible assets per ordinary security decreased from 5.9 cents to 2.7 cents, indicating potential challenges in maintaining asset value.
Cettire Limited has announced that it will release its half-year financial results for the period ending December 2024 on February 26, 2025. The company will host an investor webinar on the same day, featuring presentations from its CEO and CFO, providing an opportunity for stakeholders to engage and ask questions about the results.
Cettire Ltd has announced that Citigroup Global Markets Australia Pty Limited has become a substantial shareholder, acquiring a 5.3896% voting power in the company. This development indicates a significant interest from a major global financial entity in Cettire Ltd, potentially impacting the company’s market positioning and signaling confidence in its operations to stakeholders.