ASX:CCV

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Cash Converters International

Executive Summary

Cash Converters International Limited operates as a franchisor of second hand goods and financial services stores under the Cash Converters brand name. More Details

Rewards

Earnings are forecast to grow 109.04% per year

Risk Analysis

No risks detected for CCV from our risk checks.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Cash Converters International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCV is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CCV's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

2.1%

CCV

-0.6%

AU Consumer Finance

-0.3%

AU Market


1 Year Return

0%

CCV

0.8%

AU Consumer Finance

-1.6%

AU Market

Return vs Industry: CCV matched the Australian Consumer Finance industry which returned 0.8% over the past year.

Return vs Market: CCV exceeded the Australian Market which returned -1.6% over the past year.


Shareholder returns

CCVIndustryMarket
7 Day2.1%-0.6%-0.3%
30 Day-2.0%4.8%1.5%
90 Day37.1%-2.3%9.2%
1 Year0%0%1.8%0.8%1.7%-1.6%
3 Year-32.7%-33.3%51.4%40.8%26.2%10.7%
5 Year-53.4%-56.8%104.1%74.8%68.7%35.5%

Long-Term Price Volatility Vs. Market

How volatile is Cash Converters International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cash Converters International undervalued compared to its fair value and its price relative to the market?

0.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CCV (A$0.24) is trading above our estimate of fair value (A$0.04)

Significantly Below Fair Value: CCV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CCV is unprofitable, so we can't compare its PE Ratio to the AU Consumer Finance industry average.

PE vs Market: CCV is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CCV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCV is good value based on its PB Ratio (0.5x) compared to the AU Consumer Finance industry average (3.3x).


Next Steps

Future Growth

How is Cash Converters International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

109.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CCV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CCV's is expected to become profitable in the next 3 years.

Revenue vs Market: CCV's revenue is expected to decline over the next 3 years (-5.2% per year).

High Growth Revenue: CCV's revenue is forecast to decline over the next 3 years (-5.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCV's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

How has Cash Converters International performed over the past 5 years?

-37.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCV is currently unprofitable.

Growing Profit Margin: CCV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCV is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.

Accelerating Growth: Unable to compare CCV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CCV is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-5.1%).


Return on Equity

High ROE: CCV has a negative Return on Equity (-3.42%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cash Converters International's financial position?


Financial Position Analysis

Short Term Liabilities: CCV's short term assets (A$269.4M) exceed its short term liabilities (A$98.9M).

Long Term Liabilities: CCV's short term assets (A$269.4M) exceed its long term liabilities (A$74.6M).


Debt to Equity History and Analysis

Debt Level: CCV's debt to equity ratio (28.7%) is considered satisfactory.

Reducing Debt: CCV's debt to equity ratio has reduced from 48.3% to 28.7% over the past 5 years.

Debt Coverage: CCV's debt is well covered by operating cash flow (79.9%).

Interest Coverage: Insufficient data to determine if CCV's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Cash Converters International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CCV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CCV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CCV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CCV is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Sam Budiselik

0.92

Tenure

AU$1,123,445

Compensation

Mr. Sam William Budiselik has been Chief Executive Officer at Cash Converters International Limited since February 26, 2020 and has been its Managing Director and Executive Director since December 18, 2020...


CEO Compensation Analysis

Compensation vs Market: Sam's total compensation ($USD867.12K) is above average for companies of similar size in the Australian market ($USD294.38K).

Compensation vs Earnings: Sam's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Sam Budiselik
CEO, MD & Executive Director0.92yrAU$1.12m0.040%
A$ 59.6k
Peter Cumins
Executive Deputy Chairman4yrsAU$464.93k1.33%
A$ 2.0m
Leslie Crockett
Chief Financial Officer0.58yrAU$396.89kno data
Bradley Edwards
Legal Counsel & Company Secretary3.58yrsAU$620.03k0.14%
A$ 203.2k
Ben Cox
General Manager of Corporate Distribution2.67yrsAU$280.39kno data
James Miles
Chief Technology Officerno datano datano data
Julie Bostock
Head of People & Culture1yrno datano data
Katrina Grose
Group Financial Controller6yrsno datano data

1.8yrs

Average Tenure

Experienced Management: CCV's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sam Budiselik
CEO, MD & Executive Director0.92yrAU$1.12m0.040%
A$ 59.6k
Peter Cumins
Executive Deputy Chairman4yrsAU$464.93k1.33%
A$ 2.0m
Robert Hines
Independent Non-Executive Director0.75yrAU$20.51k0.068%
A$ 101.3k
Jason Kulas
Non-Executive Chairman0.42yrno datano data
Lachlan Given
Non-Executive Director6.42yrsAU$95.00kno data
Julie Elliott
Independent Non-Executive Director0.75yrAU$20.51kno data

0.8yrs

Average Tenure

49yo

Average Age

Experienced Board: CCV's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cash Converters International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cash Converters International Limited
  • Ticker: CCV
  • Exchange: ASX
  • Founded: 1984
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: AU$147.945m
  • Shares outstanding: 616.44m
  • Website: https://www.cashconverters.com

Number of Employees


Location

  • Cash Converters International Limited
  • Citibank House
  • Level 11
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCVASX (Australian Securities Exchange)YesNew Ordinary SharesAUAUDAug 1996
CCVCHIA (Chi-X Australia)YesNew Ordinary SharesAUAUDAug 1996
UKCDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURAug 1996

Biography

Cash Converters International Limited operates as a franchisor of second hand goods and financial services stores under the Cash Converters brand name. It operates through Franchise Operations, Store Opera...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 07:02
End of Day Share Price2021/01/18 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.