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Highlights
- The ASX All Ordinaries index surged by 8.45% over the 12-month period ending on September 28, 2023.
- Cettire reported an 87% YoY jump in gross revenue to AU$539.2 million in FY23.
- Duratec’s revenue zoomed by 58.6% YoY to AU$491.8 million in FY23.
Australian equity market benchmark index, S&P/ASX 200, has surged by 8.71% in the past one year, while the ASX All Ordinaries Index (INDEXASX: XAO) has increased by 8.45%. However, there are two ASX All Ords shares that have outperformed the benchmark indexes by a wide margin - Cettire Limited (ASX: CTT) and Duratec Limited (ASX: DUR).
Let’s look at the financial performance of these ASX-listed stocks and their prospects.
Cettire Limited (ASX: CTT)
Consumer discretionary company Cettire is an international online retailer that offers a wide variety of in-demand personal luxury goods via its website.
In the financial year 2023 (FY23), the company registered an 87% increase in gross revenue to AU$539.2 million, 98% growth in sales revenue to AU$416.2 million and achieved adjusted EBITDA of AU$29.3 million.
Presently, the company has a localization initiative in progress, which is expected to create the next wave of growth for it.
The company informed that the existing positive momentum has continued in FY24 as the active customers and sales revenue grew in July 2023. Additionally, the adjusted EBITDA profitability has also been maintained during the stated period.
The key near-term priorities are investment in technology, customer acquisition and building organizational capacity.
Today (28 September 2023), CTT shares closed 5.38% up at AU$2.94 apiece. Including today’s gain, CTT’s share price appreciated by 292% in the past one year and increased by 113.82% in the last six months.
The 52-week range of CTT is AU$0.705 – 3.72 per share. Worth mentioning here is that today’s closing price is 317.02% higher than its 52-week low.
Duratec Limited (ASX: DUR)
Capital goods company Duratec offers protection, remediation, assessment, and refurbishment services to a range of infrastructure and assets. Key market segments of DUR are defence, mining & industrial, building & facades, and energy.
The engineering, remediation, and construction contractor delivered AU$491.8 million in revenue in FY23, an increase of 58.6% over the previous corresponding period.The net profit after tax was AU$19.2 million, compared to AU$7.8 million during the last year.
During the year, the company announced a 100% frank dividend of 4 cents per share with an ex-date of September 15, 2023 and a pay date of October 9, 2023.
In FY24, the company expects growth across its market segments, backed by positive prospects and tendering efforts across all sectors. Energy spent on decommissioning and maintenance is anticipated to open opportunities in FY24.
The development of MEnD Consulting and the acquisition of Wilson’s Pipe Fabrication offer the opportunity to leverage services with prospective clients.
The company expects to receive substantial contracts in the coming year, which are likely to drive growth in FY25.
Today, DUR shares closed 0.76% lower at AU$1.3 apiece. Over the 1-year period ending on September 28, 2023, DUR’s share price has increased by almost 246.67%.
The 52-week range of DUR is AU$0.375 – 1.480 apiece.
