Cettire Ltd. (AU:CTT)
ASX:CTT
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Cettire Ltd.
(Sydney:CTT)
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Rating:47Neutral
Price Target:
AU$0.24
▼(-74.35% Downside)
Action:ReiteratedDate:03/11/26
The score is held down primarily by weakened recent financial performance (losses, margin compression, and heavy cash burn) and bearish technicals (price below major moving averages with negative MACD). Partially offsetting these are earnings-call signals of improving profitability and strong balance-sheet liquidity (cash and zero debt), but near-term revenue softness and duty/VAT-related risks temper the outlook.
Positive Factors
Balance-sheet strength
A clean capital structure with zero financial debt and ~A$61.4m cash materially lowers solvency risk and interest burden. This provides durable financial flexibility to fund inventory, marketing or tech investments and absorb operating shocks while executing a profitability-first plan.
Negative Factors
Revenue and margin compression
Top-line contraction and sharp gross-margin compression erode operating leverage and threaten sustainable profitability. If product mix, pricing or fulfillment costs remain pressured, the company may struggle to convert improved EBITDA momentum into lasting net-profitability and ROE recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
A clean capital structure with zero financial debt and ~A$61.4m cash materially lowers solvency risk and interest burden. This provides durable financial flexibility to fund inventory, marketing or tech investments and absorb operating shocks while executing a profitability-first plan.
Read all positive factors
Cettire Ltd. (CTT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$99.12M
Dividend YieldN/A
Average Volume (3M)8.75M
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth-0.02%
EPS Growth-125.09%
CountryAU
EmployeesN/A
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding381,238,220
10 Day Avg. Volume6,361,109
30 Day Avg. Volume8,754,751
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)3.60
Price to Sales (P/S)0.17
P/FCF Ratio-4.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.10Price Target Upside-89.13% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)0.01
Revenue Forecast (FY)AU$748.80M
Cettire Ltd. Business Overview & Revenue Model
Company Description
Cettire Limited engages in the online luxury goods retailing business in Australia and internationally. It offers clothing, shoes, bags, and accessories for men, women, and kids. The company was incorporated in 2020 and is based in Melbourne, Aust...
How the Company Makes Money
Cettire primarily makes money by selling luxury fashion products through its e-commerce website, earning revenue from the gross value of customer orders (product sales). Its core revenue stream is retail sales: it purchases inventory and/or source...
Cettire Ltd. Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 31, 2026
Earnings Call Sentiment Positive
The call communicated a clear shift to profitability and balance-sheet strength—adjusted EBITDA improvement of $20.5M, $61.4M cash and zero debt—alongside meaningful growth outside the U.S. (sales ex-U.S. +13%) and progress in localization and inventory breadth. However, material near-term headwinds persist: U.S. tariff changes materially impacted demand and margins (duties attachment now 100%), quarter-to-date gross revenue down 13%, slower new customer adds, and slow-moving European VAT receivables that prompted an auditor going-concern qualification on current assets. On balance, the company demonstrated resilience and executed a successful profitability-first response to market disruption while acknowledging specific operational and timing risks that temper near-term outlook.Positive Updates
Profitability Turnaround
Adjusted EBITDA of $8.7M (EBITDA margin 2.3%) with a half-on-half improvement of $20.5M, moving the business from negative to positive EBITDA over two quarters.
Negative Updates
Overall Revenue Slightly Down
Sales revenue was $382.8M, down 3% year-on-year, driven primarily by weaker demand in the U.S. following tariff changes.
Read all updates
Q2-2026 Updates
Positive
Negative
Profitability Turnaround
Adjusted EBITDA of $8.7M (EBITDA margin 2.3%) with a half-on-half improvement of $20.5M, moving the business from negative to positive EBITDA over two quarters.
Read all positive updates
Company Guidance
Guidance from the call was that quarter-to-date (Q3) gross revenues are down ~13% year‑on‑year but management expects a significantly improved growth profile in Q4 FY26, with Q4 revenues “not too far off” prior‑year levels; they will keep marketing broadly at current run‑rates (paid acquisition ~4.2% of sales, brand investment $1.9m) while prioritizing profitability and targeting further EBITDA improvements after H1 adjusted EBITDA of $8.7m (EBITDA margin 2.3%) and a half‑on‑half turnaround of $20.5m. The outlook is supported by a strong balance sheet (closing cash ~$61.4m, zero financial debt) and operational momentum shown in H1 metrics—sales revenue $382.8m (‑3% YoY), gross revenue $505.7m, sales ex‑U.S. $225m (+13% YoY), 613k active customers, AOV $961 (+17% YoY), repeat customers 69% of gross revenue, CAC $83, delivered margin 14% of sales (delivered margin per active customer $179), published stock +60% YoY and emerging markets now ~45% of gross revenue (+21% YoY); Bain projects personal luxury goods +3–5% in 2026 as a sector reference.Cettire Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
76
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 730.93M | 742.11M | 742.25M | 416.23M | 209.88M | 92.41M |
| Gross Profit | 80.48M | 119.41M | 155.00M | 95.62M | 37.36M | 21.98M |
| EBITDA | -2.70M | 1.27M | 25.15M | 28.54M | -24.47M | -309.00K |
| Net Income | -8.45M | -2.65M | 10.47M | 15.97M | -19.06M | -251.00K |
Balance Sheet | ||||||
| Total Assets | 161.67M | 124.32M | 140.32M | 100.77M | 54.35M | 57.82M |
| Cash, Cash Equivalents and Short-Term Investments | 61.39M | 37.08M | 78.96M | 46.31M | 22.67M | 47.13M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 128.84M | 88.51M | 104.25M | 67.77M | 37.16M | 22.06M |
| Stockholders Equity | 32.82M | 35.81M | 36.07M | 33.00M | 17.19M | 35.76M |
Cash Flow | ||||||
| Free Cash Flow | -20.84M | -28.19M | 48.68M | 24.38M | -23.05M | 10.03M |
| Operating Cash Flow | -20.84M | -28.19M | 62.96M | 36.45M | -14.67M | 12.74M |
| Investing Cash Flow | -17.31M | -16.63M | -14.28M | -12.07M | -8.38M | -2.71M |
| Financing Cash Flow | -3.36M | 0.00 | -10.29M | -1.35M | 0.00 | 32.70M |
Cettire Ltd. Technical Analysis
Neutral
0.92
Price Trends
0.33
Negative
0.55
Negative
0.52
Negative
Market Momentum
-0.02
Negative
48.85
Neutral
62.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CTT, the sentiment is Neutral. The current price of 0.92 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.33, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.85 is Neutral, neither overbought nor oversold. The STOCH value of 62.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CTT.
Cettire Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$543.67M | 6.81 | 15.52% | 6.20% | 1.21% | 12.29% | |
69 Neutral | AU$2.75B | 13.90 | 94.10% | 2.57% | 14.24% | 3.58% | |
63 Neutral | AU$2.07B | 5.26 | 31.92% | 3.56% | -48.80% | -35.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$389.91M | 11.07 | -69.14% | 4.00% | 6.24% | -23341.18% | |
58 Neutral | AU$573.87M | 5.43 | 22.34% | 4.70% | 15.51% | -32.98% | |
47 Neutral | AU$99.12M | -78.53 | -24.62% | ― | -0.02% | -125.09% |
* Consumer Cyclical Sector Average
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Cettire Ltd. Corporate Events
Cettire Updates Market on Lapse of Options and Service Rights
Apr 16, 2026
Cettire Limited has notified the market of changes to its issued capital following the cessation of certain equity-based instruments. The company reported that 2,500,000 options with a $1.21 exercise price and various expiry dates, along with 70,6...
Cettire Discloses Interests of Newly Appointed Director Rowan Lang
Mar 31, 2026
Cettire Limited has announced the appointment of Rowan Ashley Lang as a director effective 31 March 2026, formalising the leadership change in compliance with ASX disclosure requirements. The filing shows that Lang holds no Cettire securities in h...
Cettire Discloses Future Board Exit and Director’s Final Shareholding
Mar 31, 2026
Cettire Limited has notified the ASX that director Richard John Dennis will cease to be a director effective 31 March 2026, in line with its obligations under Australian listing and corporations regulations. The filing records that upon his depart...
Cettire refreshes board and audit leadership as growth continues
Mar 19, 2026
Cettire Limited, a global online luxury fashion retailer, operates a large-scale e-commerce platform featuring over 2,500 designer brands and 500,000 products spanning apparel, footwear, bags and accessories for customers seeking premium personal ...
Cettire to Join All Ordinaries in March 2026 Rebalance
Mar 10, 2026
Cettire Limited, an ASX‑listed online luxury fashion retailer, sells premium apparel and accessories through its e‑commerce platform, catering to consumers seeking high‑end branded products. The company operates within the broade...
Cettire Director Jonathan Gidney Increases Indirect Shareholding via On‑Market Purchase
Mar 3, 2026
Cettire Limited has disclosed a change in director Jonathan Gidney’s indirect interest in the company’s ordinary shares, filed under ASX listing rule 3.19A.2. Gidney holds his interest through El Calamar Pty Ltd as trustee for the El C...
Cettire lifts profitability amid U.S. trade headwinds and softer luxury demand
Feb 26, 2026
Cettire reported broadly stable revenue for the six months to 31 December 2025, with gross revenue of $505.7 million and sales revenue of $382.8 million, despite headwinds in the global luxury market. The company’s largest market, the U.S., ...
Cettire sets date for H1 FY26 results and investor webinar
Feb 11, 2026
Cettire Limited, an ASX-listed global luxury online platform founded in 2017, specialises in offering a broad assortment of personal luxury goods, including clothing, shoes, bags and accessories. The company provides customers access to more than ...
Cettire Reduces Outstanding Service Rights After Lapse of Conditions
Jan 29, 2026
Cettire Limited has notified the market of the cessation of certain service rights, with a total of 641,492 securities lapsing or otherwise ceasing. The company reported that 247,427 service rights lapsed on 16 October 2025 because vesting conditi...
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.