CREDIT CLEAR LIMITED (CCR)
Share Price Analysis and Chart

25/08/2025

1

Buy, High Risk

$0.40

42.86%

Shaw and Partners highlights Credit Clear's very good operating metrics in FY25 as the company recorded 12% sales growth and converted 66% of that into EBITDA, and 78% of EBITDA into operating cash.

However, the FY26 guidance was conservative in the broker's view as the revenue of $50-52m points to only 40% conversion to EBITDA. The broker is assuming 18% EBITDA margin in FY26 vs 16% in FY25, with potential for over 27% in FY27.

Share buyback was announced which adds value while market share gains with Tier 1 clients support long-term growth, the broker observes.

Buy, High Risk. Target trimmed to 40c from 44c.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.40 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.80 cents.

28/08/2025

1

Buy

$0.49

75.00%

Petra Capital notes Credit Clear's FY25 operating result broadly met expectations given the guidance was updated in late July.

Revenue rose 12% y/y to $46.9m and underlying EBITDA margin increased to 16% from 10% the year before.

The FY26 underlying EBITDA guidance of $9-10m is below the broker's forecast but represents a strong 37% jump over FY25.

Target trimmed to 48c from 49. Buy retained.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.60 cents.
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.20 cents.