Added to YB: 2024-12-17
Pitch date: 2024-12-16
CCL.AX [bullish]
Cuscal Limited
-2.5%
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 471.2M
Pitch Price
AUD 2.40
Price Target
N/A
Dividend
3.46%
Sector
Financial Services
Category
value
Cuscal - Hiding in Plain Sight
CCL.AX: Leading B2B payment processor w/ strong moat. 65% rev from issuing, 17% payments, 11% acquiring. Tailwinds: card use, fintech growth, NPP adoption. 92 clients, low churn. Dominant ex-big4 mkt share. 12.5x PE, 7x EV/EBITDA. FY25 NPAT $36.6M (+16%). Emerging data biz. ASX300 inclusion potential.
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