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$2.27 cettire limited

You know what Charlie Munger says about EBITDA?you should search...

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SethKlarman

295 Posts.

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06/10/23

13:39

Post #: 70209345
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Originally posted by saintex: ↑

I think that the company can target 100 m AUD of EBITDA in the near future (in 2 years time), driven by their revenues and a slight improvement of their margin (scale effect).
This result is now valued at only 11 x.
Such an EBITDA should correspond to a cash flow from operation of around 72 m AUD (before the impact of working capital) and a free cash flow* of around 50 m AUD, which corresponds to a free cash flow yield of 4.7 %. This level of free cash flow yield looks high, as the company will probably still have a significant potential of growth in 2 years time.

Cettire is still one of the scarce retailers which could surprise on the upside.
Looking at consensus, the market is expecting an EPS growth of 48 % in FY 24. It looks cautious, given the trends for sales and the visibility on margins.
According to similarweb figures**, their traffic has increased by 108 % during Q1 24 vs Q1 23.
Revenue increase may be even higher, if we add the pricing and the USD effects.

* before change in working capital.
** and past posts of @byebye925 regarding last year figures

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You know what Charlie Munger says about EBITDA?

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CTT Price at posting: $2.66 Sentiment: None Disclosure: Not Held
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Last $2.27		Change 0.000(0.00%)		Mkt cap ! $865.4M

Open	High	Low	Value	Volume
$2.36	$2.38	$2.16	$4.602M	2.034M

Buyers (Bids)

No.	Vol.	Price($)
8	54825	$2.22

Sellers (Offers)

Price($)	Vol.	No.
$2.27	27458	7

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No.	Vol.	Price($)
8	54825	2.220
3	47469	2.210
2	20830	2.200
3	13400	2.190
4	30441	2.180

Price($)	Vol.	No.
2.270	27458	7
2.280	23279	3
2.300	14712	3
2.310	24300	2
2.320	13056	2

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