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CIRCLE SPA (CIRC.MI) Stock Fundamental Analysis

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

7.4  0 (0%)

Fundamental Rating

5

Taking everything into account, CIRC scores 5 out of 10 in our fundamental rating. CIRC was compared to 30 industry peers in the Professional Services industry. CIRC has an excellent financial health rating, but there are some minor concerns on its profitability. CIRC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year CIRC was profitable.
In the past year CIRC had a positive cash flow from operations.
Of the past 5 years CIRC 4 years were profitable.
Of the past 5 years CIRC 4 years had a positive operating cash flow.
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 8.79%, CIRC is doing good in the industry, outperforming 70.37% of the companies in the same industry.
With a Return On Equity value of 18.23%, CIRC perfoms like the industry average, outperforming 59.26% of the companies in the same industry.
CIRC's Return On Invested Capital of 15.18% is fine compared to the rest of the industry. CIRC outperforms 74.07% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CIRC is below the industry average of 11.88%.
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

CIRC's Profit Margin of 13.54% is amongst the best of the industry. CIRC outperforms 81.48% of its industry peers.
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 85.19% of the companies in the same industry.
In the last couple of years the Operating Margin of CIRC has declined.
CIRC has a Gross Margin of 67.90%. This is comparable to the rest of the industry: CIRC outperforms 59.26% of its industry peers.
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) well above the Cost of Capital (WACC), CIRC is creating value.
The number of shares outstanding for CIRC remains at a similar level compared to 1 year ago.
CIRC has more shares outstanding than it did 5 years ago.
CIRC has a better debt/assets ratio than last year.
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 4.53. This indicates that CIRC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.53, CIRC belongs to the best of the industry, outperforming 92.59% of the companies in the same industry.
CIRC has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CIRC (0.03) is better than 96.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 4.53
ROIC/WACC1.84
WACC8.26%
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 better Current ratio (2.59) than 96.30% 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.
With an excellent Quick ratio value of 2.58, CIRC belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
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 -2.47%.
The Earnings Per Share has been growing by 19.14% on average over the past years. This is quite good.
CIRC shows a decrease in Revenue. In the last year, the revenue decreased by -3.23%.
Measured over the past years, CIRC shows a very strong growth in Revenue. The Revenue has been growing by 23.62% on average per year.
EPS 1Y (TTM)-2.47%
EPS 3YN/A
EPS 5Y19.14%
EPS Q2Q%-2.19%
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 2016 2017 2018 2019 2020 2021 2022 2023 0.05 0.1 0.15 0.2

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 21.76, which indicates a rather expensive current valuation of CIRC.
CIRC's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 29.35. CIRC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 21.76
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIRC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.1
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

The decent profitability rating of CIRC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.14
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 (3/6/2025, 7:00:00 PM)

7.4

0 (0%)

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 Cap35.37M
Analysts82.86
Price Target10.71 (44.73%)
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 21.76
Fwd PE N/A
P/S 3.42
P/FCF N/A
P/OCF 169.84
P/B 4.6
P/tB 9.11
EV/EBITDA 11.1
EPS(TTM)0.34
EY4.59%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.04
OCFY0.59%
SpS2.17
BVpS1.61
TBVpS0.81
PEG (NY)N/A
PEG (5Y)1.14
Profitability
Industry RankSector Rank
ROA 8.79%
ROE 18.23%
ROCE 17.97%
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 3Y189.21%
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 4.53
F-Score8
WACC8.26%
ROIC/WACC1.84
Cap/Depr(3y)111.94%
Cap/Depr(5y)155.73%
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)-2.47%
EPS 3YN/A
EPS 5Y19.14%
EPS Q2Q%-2.19%
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 1Y105.78%
EBIT growth 3Y273.45%
EBIT growth 5Y21.5%
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