Added to YB: 2025-06-30
Pitch date: 2025-06-26
CCL.AX [neutral]
Cuscal Limited
+35.39%
current return
Author Info
HD Capital Partners is a Sydney based fund manager specialising in smaller listed companies. Sign up for the newsletter.
Company Info
Cuscal Limited, together with its subsidiaries, provides payment and regulated data related products and services for financial and consumer centric institutions in Australia.
Market Cap
AUD 580.4M
Pitch Price
AUD 3.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
-10.08
P/E
17.84
EV/Sales
-3.18
Sector
Financial Services
Category
growth
CCL Momentum - Cuscal Ltd
CCL.AX (holding update): IPO stock initially underperformed but rallying after H1 results showed potential to exceed guidance. Payment data confirms growth drivers intact. Quality mid-cap deserves premium multiple with catalysts including potential acquisitions, reduced Data segment losses, and index inclusion. Core holding.
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