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← CockpitCompetitor Analysis › C41.SI Cortina Holdings LimitedOpen in the cockpit ↗

Cortina Holdings LimitedC41.SICompetitor analysis, valuation and peers

Singapore · SGD·Consumer Discretionary›Specialty Stores
Momentum leader 96
Mkt cap
$519M
US dollars, full cap
Free float
8%
of shares outstanding
$/day
$17,950
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+11.0 pp
WACC 5.0%
Hurdle
-34 pp
Req g minus delivered
Close · SGDS$4.00
1Dn/a
1W+1.3%
1M+3.4%
3M+19.4%
6M+6.1%
YTD+8.1%
1Y+17.6%
ATR %1.6%
52w lowhigh2.9% off high

What Cortina does

Employees: 768

Cortina at a glance

Size Cortina (C41.SI) is a Singapore Consumer Discretionary company (Specialty Stores) with a market value of $519M, the 104th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$4.00 on 6 Nov 2026.

Performance Over six months the shares gained 6.1%, against -7.1% for the median peer and -1.2% for the Singapore market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 8.8% over the last twelve months (peer median +9.1%); the operating margin is 10.3% (peer median 3.1%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 1.1× (7th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -34 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 11.0 points above its cost of capital (5.0% WACC).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026C41.SI 114Peer median 92
Six months, rebased to 100: Cortina against the median of its 20 peers (local-currency closes).

Cortina financials

Reported figures in SGD; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$1,000MS$979MS$863MS$811MS$827M
Revenue growth—+13%+6%-2%—
Gross profitS$185MS$176MS$151MS$153MS$164M
EBITDAS$162MS$160MS$148MS$147MS$153M
Net incomeS$65.9MS$64.4MS$63.6MS$61.1MS$76.5M
Free cash flowS$135MS$89.6MS$42.3MS$9.39MS$80.0M
Capital expenditureS$27.6MS$29.3MS$6.57MS$26.3MS$24.1M
Total debtn/aS$192MS$179MS$147MS$124M

Quarterly statements and history in the cockpit →

Cortina competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%+40%60083022470178HNST5WJMATAS300736TPWWAKEFITCWHMEGPACQEVGODPABHUSHAN002758BHG7599C41.SI6-month return →1-month return →
Up and to the right = strong over both horizons. Cortina is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×5×10×60083022470178HNST5WJMATAS300736TPWWAKEFITMUSTIOUTLTCWHMEGPEVGODPABHUSHAN00275866837599C41.SIRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cortina is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%22470178HNSTMATASTPWWAKEFITMUSTICWHMEGPBHGC41.SIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Cortina is the large dot.

Cortina competitors and peer comparison

How Cortina compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cortina against its 20 peers (data as of 6 Nov 2026)
MeasureC41.SIPeer medianRank in peer set
1-month return+3.4%+0.8%7th highest of 21
6-month return+6.1%-7.1%7th highest of 20
Distance from 52-week high-2.9%-34.7%2nd highest of 21
Revenue growth (TTM)+8.8%+9.1%11th highest of 21
Operating margin10.3%3.1%5th highest of 21
EV / Sales0.7×1.1×7th cheapest of 21
Growth the price implies (Req g, 7 yrs)-16.5%3.4%least demanding of 13
Growth delivered (Del g)+17.5%+8.1%2nd highest of 12
Hurdle (Req g minus delivered)-34.0 pp-0.5 ppleast demanding of 12
ROIC minus cost of capital+11.0 pp-1.6 pp3rd highest of 21
EV / EBITDA4.3×8.8×2nd cheapest of 11
Net debt / EBITDA0.1×2.1×7th least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Cortina C41.SISingapore$519M+6%+9%10%0.7×-16.5%+17.5%
Sunny Loan Top 600830.SSChina$531M-21%+11%35%13.4×n/an/a
Pan German Universal Motors 2247.TWTaiwan$532M+2%-22%3%0.4×-8.1%+5.4%
Sa Sa International 0178.HKHong Kong$536M+47%+11%5%1.0×3.1%+7.6%
Honest HNSTUnited States$501M+41%-12%-2%1.2×3.8%+4.3%
MoneyMax Financial Services 5WJ.SISingapore$499M-56%+39%26%2.7×n/an/a
Matas A/S MATAS.CODenmark$542M-19%+4%6%0.9×-1.0%+16.1%
BYBON 300736.SZChina$495M-4%-36%-8%12.1×n/an/a
Temple & Webster TPW.AXAustralia$494M+23%+11%1%0.9×48.2%+15.3%
Wakefit Innovations WAKEFIT.NSIndia$484M+4%+17%6%3.1×31.0%+22.4%
Musti MUSTI.HEFinland$558M-9%-8%1%1.4×40.3%+12.3%
Outlet OUTLT.OLNorway$481Mn/a+12%15%2.3×-5.1%n/a
Camping World CWHUnited States$474M-39%-6%2%0.7×19.5%+3.2%
ME Group International MEGP.LUnited Kingdom$568M-17%+1%25%1.4×-11.6%+11.1%
AutoCanada ACQ.TOCanada$468M+26%0%2%0.5×n/an/a
EVgo EVGOUnited States$576M-7%+31%-27%2.8×n/an/a
D. P. Abhushan DPABHUSHAN.NSIndia$468M+79%+31%8%1.0×n/an/a
ZJAMP 002758.SZChina$585M-18%+23%2%0.2×n/an/a
Star Plus Legend 6683.HKHong Kong$460M-30%-48%-52%8.0×n/an/a
BHG BHG.STSweden$450M+8%+7%3%0.6×7.6%+3.4%
IDOM 7599.TJapan$601M-28%+17%3%0.3×-6.7%+8.1%

Questions

Which companies are Cortina's closest peers?
The cockpit's peer set: Sunny Loan Top (600830.SS), Pan German Universal Motors (2247.TW), Sa Sa International (0178.HK), Honest (HNST), MoneyMax Financial Services (5WJ.SI), Matas A/S (MATAS.CO), BYBON (300736.SZ), Temple & Webster (TPW.AX).
Is Cortina expensive compared with its peers?
On ev / sales it trades at 0.7× against a peer median of 1.1×, 7th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -34 pp: the price already allows for a slowdown.
How has Cortina stock performed?
Over six months to 6 Nov 2026 the shares returned +6.1% against -7.1% for the median peer; over one year +17.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.