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CIRCLE SPA (CIRC.MI) Stock Fundamental Analysis

Europe - BIT:CIRC - IT0005344996 - Common Stock

8.84 EUR
+0.06 (+0.68%)
Last: 11/11/2025, 7:00:00 PM
Fundamental Rating

4

Overall CIRC gets a fundamental rating of 4 out of 10. We evaluated CIRC against 33 industry peers in the Professional Services industry. Both the profitability and the financial health of CIRC get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, CIRC is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

CIRC had positive earnings in the past year.
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

With a decent Return On Assets value of 4.60%, CIRC is doing good in the industry, outperforming 61.29% of the companies in the same industry.
The Return On Equity of CIRC (9.61%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 8.36%, CIRC is in the better half of the industry, outperforming 61.29% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CIRC is in line with the industry average of 11.39%.
Industry RankSector Rank
ROA 4.6%
ROE 9.61%
ROIC 8.36%
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

With an excellent Profit Margin value of 13.54%, CIRC belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
In the last couple of years the Profit Margin of CIRC has remained more or less at the same level.
With an excellent Operating Margin value of 19.78%, CIRC belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
CIRC's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 67.90%, CIRC perfoms like the industry average, outperforming 58.06% 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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5

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.
The number of shares outstanding for CIRC remains at a similar level compared to 1 year ago.
The number of shares outstanding for CIRC has been increased compared to 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

CIRC has an Altman-Z score of 2.79. This is not the best score and indicates that CIRC is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.79, CIRC is doing good in the industry, outperforming 64.52% of the companies in the same industry.
CIRC has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.11, CIRC belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 2.79
ROIC/WACC1.02
WACC8.16%
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

CIRC has a Current Ratio of 1.99. This is a normal value and indicates that CIRC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.99, CIRC belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
A Quick Ratio of 1.97 indicates that CIRC should not have too much problems paying its short term obligations.
CIRC's Quick ratio of 1.97 is amongst the best of the industry. CIRC outperforms 96.77% of its industry peers.
Industry RankSector Rank
Current Ratio 1.99
Quick Ratio 1.97
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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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 102.14% over the past year.
CIRC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.15% yearly.
CIRC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.19%.
The Revenue has been growing by 23.62% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)102.14%
EPS 3YN/A
EPS 5Y19.15%
EPS Q2Q%-8.98%
Revenue 1Y (TTM)14.19%
Revenue growth 3Y24.74%
Revenue growth 5Y23.62%
Sales Q2Q%70.22%

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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1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 25.26, CIRC can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CIRC is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 25.89. CIRC is around the same levels.
Industry RankSector Rank
PE 25.26
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 in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.28
CIRC.MI Per share dataCIRC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.32
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

CIRC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CIRCLE SPA

BIT:CIRC (11/11/2025, 7:00:00 PM)

8.84

+0.06 (+0.68%)

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 Owners6.31%
Inst Owner ChangeN/A
Ins Owners5.52%
Ins Owner ChangeN/A
Market Cap42.26M
Revenue(TTM)10.35M
Net Income(TTM)1.40M
Analysts82.86
Price Target10.71 (21.15%)
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 25.26
Fwd PE N/A
P/S 4.08
P/FCF N/A
P/OCF N/A
P/B 2.9
P/tB 7.76
EV/EBITDA 14.28
EPS(TTM)0.35
EY3.96%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.17
BVpS3.05
TBVpS1.14
PEG (NY)N/A
PEG (5Y)1.32
Graham Number4.9
Profitability
Industry RankSector Rank
ROA 4.6%
ROE 9.61%
ROCE 9.9%
ROIC 8.36%
ROICexc 8.94%
ROICexgc 16.94%
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%
ROICexgc growth 3Y189.2%
ROICexgc 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-ScoreN/A
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA 0.54
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.99
Quick Ratio 1.97
Altman-Z 2.79
F-ScoreN/A
WACC8.16%
ROIC/WACC1.02
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)102.14%
EPS 3YN/A
EPS 5Y19.15%
EPS Q2Q%-8.98%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.19%
Revenue growth 3Y24.74%
Revenue growth 5Y23.62%
Sales Q2Q%70.22%
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

CIRCLE SPA / CIRC.MI FAQ

What is the fundamental rating for CIRC stock?

ChartMill assigns a fundamental rating of 4 / 10 to CIRC.MI.


What is the valuation status for CIRC stock?

ChartMill assigns a valuation rating of 1 / 10 to CIRCLE SPA (CIRC.MI). This can be considered as Overvalued.


What is the profitability of CIRC stock?

CIRCLE SPA (CIRC.MI) has a profitability rating of 5 / 10.


Can you provide the dividend sustainability for CIRC stock?

The dividend rating of CIRCLE SPA (CIRC.MI) is 0 / 10 and the dividend payout ratio is 0%.