Added to YB: 2025-03-03
Pitch date: 2025-02-27
CTT.AX [neutral]
Cettire Limited
-18.92%
current return
Author Info
No bio for this author
Company Info
Cettire Limited engages in the online luxury goods retailing business in Australia, the United States, and internationally.
Market Cap
AUD 285.9M
Pitch Price
AUD 1.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
-30.87
P/E
-107.16
EV/Sales
0.34
Sector
Specialty Retail
Category
turnaround
CTT 1H'25 results - wen capital raise?
CTT.AX (needs capital raise): Poor 1H'25 results, 3.1% Adj EBITDA margin (30% from one-offs). Q2'25 margins halved YoY. Balance sheet stress: AR up 50%, extended payables. Cash generation down 66% YoY. $23M cash less WC entering cash-burn half. Likely capital raise needed, contradicting company narrative. Outlook remains weak, Q3'25 'challenging'.
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