Cash Converters International: A 25% Gain in a Year

Investors who put their money in Cash Converters International (ASX:CCV) a year ago are now reaping the benefits of a 25% gain. This impressive performance can be attributed to several key factors, including strategic acquisitions, dividend payouts, and a strong focus on sustainability and ESG initiatives.

Acquisitions and Expansions

CCV's growth can be largely attributed to its strategic acquisitions and expansions. In December 2022, the company completed the acquisition of the remaining 75% interest in Cash Converters New Zealand Limited for AUD 15.5 million. This acquisition allowed CCV to expand its presence in the New Zealand market and increase its market share. Additionally, CCV acquired franchise stores in Morley and Melbourne City, further strengthening its position in the Australian market.

Dividend Payouts

CCV maintained its dividend payouts, indicating strong financial performance. The company announced fully franked final dividends for periods ended June 30, 2022, and December 31, 2021, payable on October 14, 2022, and April 14, 2022, respectively. These consistent dividend payouts have contributed to CCV's positive image and financial performance.

Growth in Earnings and Revenue

CCV's earnings and revenue growth forecasts indicate a positive outlook. According to the provided data, revenue is expected to grow from AUD 210 million in 2021 to AUD 476 million by 2027, with earnings growing from AUD 13 million to AUD 36 million over the same period. This steady growth in earnings and revenue has contributed to CCV's recent success.

Sustainability and ESG Initiatives

CCV's focus on sustainability and ESG initiatives has played a significant role in its recent growth. The company achieved Gold status from Ecovadis in 2023, placing it among the top 5% of companies rated by Ecovadis. This recognition highlights CCV's strong performance in sustainability and ethical business practices. Additionally, CCV has implemented several initiatives, such as transitioning to renewable energy at its headquarters and developing a scope 1 and 2 emission reduction strategy, further enhancing its reputation and financial performance.



In conclusion, those who invested in Cash Converters International (ASX:CCV) a year ago are up 25% due to the company's strategic acquisitions, dividend payouts, and strong focus on sustainability and ESG initiatives. By continuing to implement these successful strategies, CCV is well-positioned to maintain its positive performance and provide value to its shareholders.