Added to YB: 2026-04-20
Pitch date: 2026-04-17
CCV.AX [bullish]
Cash Converters International Limited
-11.66%
current return
Author Info
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Company Info
Cash Converters International Limited, together with its subsidiaries, provides secured and unsecured loans, and second-hand retail services in Australia, New Zealand, the United Kingdom, and internationally.
Market Cap
AUD 199.2M
Pitch Price
AUD 0.29
Price Target
0.40 (+54%)
Dividend
7.14%
EV/EBITDA
N/A
P/E
10.26
EV/Sales
N/A
Sector
Consumer Finance
Category
turnaround
Pawn Me
CCV.AX: Aussie pawnbroker/lender w/ 650 stores trading 7.5x fwd P/E vs peers at 10-18x. CEO restructured: toxic payday/auto loans cut from $152M to $57M, replaced w/ lower-loss Cashies Loan (48% APR, doubled to $58M H2'25). Bought 79 franchises at <5x EBITDA (15% IRR). 40% owner EZ Corp potential acquirer to compete w/ FirstCash (bought UK peer HAT at 13x P/E). 6% div yield, $50M FCF, 160+ stores left to acquire. PT A$0.40 (5.5x '27 EPS).
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