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CIRCLE SPA (CIRC.MI) Stock Fundamental Analysis

BIT:CIRC - Euronext Milan - IT0005344996 - Common Stock - Currency: EUR

6.42  +0.02 (+0.31%)

Fundamental Rating

5

Taking everything into account, CIRC scores 5 out of 10 in our fundamental rating. CIRC was compared to 31 industry peers in the Professional Services industry. Both the health and profitability get an excellent rating, making CIRC a very profitable company, without any liquidiy or solvency issues. CIRC has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

CIRC had positive earnings in the past year.
In the past year CIRC had a positive cash flow from operations.
Of the past 5 years CIRC 4 years were profitable.
CIRC had a positive operating cash flow in 4 of the past 5 years.
CIRC.MI Yearly Net Income VS EBIT VS OCF VS FCFCIRC.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 1M -1M 2M

1.2 Ratios

The Return On Assets of CIRC (8.79%) is better than 80.65% of its industry peers.
Looking at the Return On Equity, with a value of 18.23%, CIRC is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
CIRC has a better Return On Invested Capital (15.18%) than 77.42% of its industry peers.
CIRC had an Average Return On Invested Capital over the past 3 years of 9.74%. This is in line with the industry average of 11.33%.
The last Return On Invested Capital (15.18%) for CIRC is above the 3 year average (9.74%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.79%
ROE 18.23%
ROIC 15.18%
ROA(3y)5.46%
ROA(5y)3.98%
ROE(3y)11.4%
ROE(5y)8.24%
ROIC(3y)9.74%
ROIC(5y)7.72%
CIRC.MI Yearly ROA, ROE, ROICCIRC.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

1.3 Margins

Looking at the Profit Margin, with a value of 13.54%, CIRC belongs to the top of the industry, outperforming 87.10% of the companies in the same industry.
CIRC's Profit Margin has been stable in the last couple of years.
CIRC has a better Operating Margin (19.78%) than 87.10% of its industry peers.
CIRC's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 67.90%, CIRC is in the better half of the industry, outperforming 61.29% of the companies in the same industry.
In the last couple of years the Gross Margin of CIRC has remained more or less at the same level.
Industry RankSector Rank
OM 19.78%
PM (TTM) 13.54%
GM 67.9%
OM growth 3Y199.37%
OM growth 5Y-1.72%
PM growth 3YN/A
PM growth 5Y1.07%
GM growth 3Y6.39%
GM growth 5Y-0.87%
CIRC.MI Yearly Profit, Operating, Gross MarginsCIRC.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CIRC is creating some value.
Compared to 1 year ago, CIRC has about the same amount of shares outstanding.
CIRC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CIRC has an improved debt to assets ratio.
CIRC.MI Yearly Shares OutstandingCIRC.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 1M 2M 3M 4M
CIRC.MI Yearly Total Debt VS Total AssetsCIRC.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M

2.2 Solvency

An Altman-Z score of 4.19 indicates that CIRC is not in any danger for bankruptcy at the moment.
CIRC has a Altman-Z score of 4.19. This is amongst the best in the industry. CIRC outperforms 90.32% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that CIRC is not too dependend on debt financing.
CIRC's Debt to Equity ratio of 0.03 is amongst the best of the industry. CIRC outperforms 96.77% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 4.19
ROIC/WACC1.79
WACC8.46%
CIRC.MI Yearly LT Debt VS Equity VS FCFCIRC.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 2M 4M 6M

2.3 Liquidity

A Current Ratio of 2.59 indicates that CIRC has no problem at all paying its short term obligations.
CIRC has a Current ratio of 2.59. This is amongst the best in the industry. CIRC outperforms 96.77% of its industry peers.
CIRC has a Quick Ratio of 2.58. This indicates that CIRC is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of CIRC (2.58) is better than 96.77% of its industry peers.
Industry RankSector Rank
Current Ratio 2.59
Quick Ratio 2.58
CIRC.MI Yearly Current Assets VS Current LiabilitesCIRC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M

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3

3. Growth

3.1 Past

CIRC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.46%.
Measured over the past years, CIRC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.15% on average per year.
The Revenue has decreased by -3.23% in the past year.
The Revenue has been growing by 23.62% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-2.46%
EPS 3YN/A
EPS 5Y19.15%
EPS Q2Q%-2.17%
Revenue 1Y (TTM)-3.23%
Revenue growth 3Y24.74%
Revenue growth 5Y23.62%
Sales Q2Q%-3.01%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
CIRC.MI Yearly Revenue VS EstimatesCIRC.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M
CIRC.MI Yearly EPS VS EstimatesCIRC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 0.05 0.1 0.15 0.2

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 18.88 indicates a rather expensive valuation of CIRC.
CIRC's Price/Earnings ratio is a bit cheaper when compared to the industry. CIRC is cheaper than 67.74% of the companies in the same industry.
When comparing the Price/Earnings ratio of CIRC to the average of the S&P500 Index (26.20), we can say CIRC is valued slightly cheaper.
Industry RankSector Rank
PE 18.88
Fwd PE N/A
CIRC.MI Price Earnings VS Forward Price EarningsCIRC.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

CIRC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CIRC is cheaper than 61.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.56
CIRC.MI Per share dataCIRC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

CIRC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.99
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for CIRC!.
Industry RankSector Rank
Dividend Yield N/A

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CIRCLE SPA

BIT:CIRC (5/19/2025, 7:00:00 PM)

6.42

+0.02 (+0.31%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners1.17%
Inst Owner ChangeN/A
Ins Owners4.83%
Ins Owner ChangeN/A
Market Cap30.69M
Analysts82.86
Price Target10.71 (66.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 18.88
Fwd PE N/A
P/S 2.97
P/FCF N/A
P/OCF 147.32
P/B 3.99
P/tB 7.9
EV/EBITDA 9.56
EPS(TTM)0.34
EY5.3%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.04
OCFY0.68%
SpS2.17
BVpS1.61
TBVpS0.81
PEG (NY)N/A
PEG (5Y)0.99
Profitability
Industry RankSector Rank
ROA 8.79%
ROE 18.23%
ROCE 17.96%
ROIC 15.18%
ROICexc 18.57%
ROICexgc 31.38%
OM 19.78%
PM (TTM) 13.54%
GM 67.9%
FCFM N/A
ROA(3y)5.46%
ROA(5y)3.98%
ROE(3y)11.4%
ROE(5y)8.24%
ROIC(3y)9.74%
ROIC(5y)7.72%
ROICexc(3y)12.3%
ROICexc(5y)9.65%
ROICexgc(3y)22.36%
ROICexgc(5y)18.03%
ROCE(3y)11.52%
ROCE(5y)9.16%
ROICexcg growth 3Y189.2%
ROICexcg growth 5Y-18.17%
ROICexc growth 3Y207.87%
ROICexc growth 5Y-9.11%
OM growth 3Y199.37%
OM growth 5Y-1.72%
PM growth 3YN/A
PM growth 5Y1.07%
GM growth 3Y6.39%
GM growth 5Y-0.87%
F-Score8
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA 0.08
Cap/Depr 26.78%
Cap/Sales 2.56%
Interest Coverage 250
Cash Conversion 6.86%
Profit Quality N/A
Current Ratio 2.59
Quick Ratio 2.58
Altman-Z 4.19
F-Score8
WACC8.46%
ROIC/WACC1.79
Cap/Depr(3y)111.94%
Cap/Depr(5y)155.74%
Cap/Sales(3y)11.97%
Cap/Sales(5y)18.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.46%
EPS 3YN/A
EPS 5Y19.15%
EPS Q2Q%-2.17%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.23%
Revenue growth 3Y24.74%
Revenue growth 5Y23.62%
Sales Q2Q%-3.01%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y105.77%
EBIT growth 3Y273.45%
EBIT growth 5Y21.49%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-114.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-87.99%
OCF growth 3Y-43.14%
OCF growth 5YN/A