olivLaw · European equity research
Cir S.p.a. - Compagnie Industriali Riunite CIR.MI
Italy · Euronext Milan · ISIN IT0000070786 · Vertical: Listed companies from Italy
At the close of 04 Nov 2026, Cir S.p.a. - Compagnie Industriali Riunite (CIR.MI) stock was 0.75 EUR (+0.67% on the day), with market capitalisation 799.2 m EUR, P/E 6.1 on diluted EPS of 0.12 EUR over the last 12 months, dividend yield 8.40%, beta 0.54, 52-week range 0.65–0.79 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 52.1
- neutral
- Bollinger (20, 2)
- 0.72 – 0.77
- in the upper half of the band · %B 0.72 · band width 5.9%
- SMA 50 / 200
- 0.75 / 0.72
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.00 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.5% | +0.4% | −2.8 pp | — |
| 3 months | +4.6% | −3.3% | +7.8 pp | — |
| 6 months | +11.0% | +4.0% | +7.1 pp | — |
| Year to date | +7.3% | +8.1% | −0.8 pp | — |
| 1 year | +9.3% | +10.7% | −1.4 pp | −5.8% |
| 3 years | +88.5% | +50.1% | +38.4 pp | +6.7% |
| 5 years | +49.3% | +43.6% | +5.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 50 percentile of its own 2-quarter history (min 4.8, median 9.5, max 14.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 2.2 bn | 1.8 bn | 1.8 bn |
| Revenue YoY | unavailable | −19.5% | +1.6% |
| Net income | -257.0 k | 32.8 m | 132.2 m |
| Net income YoY | unavailable | unavailable | +303.1% |
| Diluted EPS | -0.20 | 0.03 | 0.12 |
| Diluted EPS YoY | unavailable | unavailable | +304.9% |
| net % | -0.0% | 1.8% | 7.3% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 130.6 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 1.1 bn EUR
- Total assets
- 2.8 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 1.40x
- ROE
- 12.6%
- ROA
- 4.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 2.2 bn | 1.8 bn | 1.8 bn | esef· 15 Apr 2025verified |
| Operating income | 83.9 m | 66.6 m | 100.0 m | esef· 15 Apr 2025verified |
| Depreciation & amortisation | 212.3 m | 172.0 m | 172.1 m | esef· 15 Apr 2025verified |
| EBITDA | 296.2 m ≈ | 238.6 m ≈ | 272.1 m ≈ | esef· 15 Apr 2025derived |
| Interest expense | 57.0 m | 71.2 m | — | esef· 10 Apr 2024verified |
| Pre-tax income | 28.6 m | 23.8 m | 81.0 m | esef· 15 Apr 2025verified |
| Income tax | 13.0 m | 11.2 m | 24.3 m | esef· 15 Apr 2025verified |
| Net income | -257.0 k | 32.8 m | 132.2 m | esef· 15 Apr 2025verified |
| Diluted EPS | -0.20 | 0.03 | 0.12 | esef· 15 Apr 2025verified |
| Dividend per share | 2.07 | 0.01 | 0.06 | esef· 15 Apr 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Cash | 219.7 m | 150.0 m | 130.6 m | esef· 15 Apr 2025verified |
| Receivables | 248.1 m | 254.7 m | 179.1 m | esef· 15 Apr 2025verified |
| Inventories | 135.2 m | 143.6 m | 89.3 m | esef· 15 Apr 2025verified |
| Current assets | 995.6 m | 1.0 bn | 847.6 m | esef· 15 Apr 2025verified |
| Property, plant & equipment, net | 640.5 m | 613.2 m | 526.1 m | esef· 15 Apr 2025verified |
| Total assets | 3.3 bn | 3.2 bn | 2.8 bn | esef· 15 Apr 2025verified |
| Current liabilities | 755.0 m | 812.8 m | 603.5 m | esef· 15 Apr 2025verified |
| Equity | 1.0 bn | 1.0 bn | 1.1 bn | esef· 15 Apr 2025verified |
| Shares outstanding at year end | 1.3 m | 1.1 bn | 1.1 bn | esef· 15 Apr 2025derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 206.1 m | 122.6 m | 180.9 m | esef· 15 Apr 2025verified |
| Investing cash flow | -140.7 m | -137.0 m | -49.0 m | esef· 15 Apr 2025verified |
| Financing cash flow | -157.2 m | -123.9 m | -502.9 m | esef· 15 Apr 2025verified |
| Dividends paid | 2.7 m | 6.8 m | 67.1 m | esef· 15 Apr 2025verified |
| Share repurchases | 6.4 m | 14.0 m | 99.7 m | esef· 15 Apr 2025verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 799.2 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.86 – 3.48 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E1.09 – 3.48 (Mid 1.96)20 companies used · median multiple 15.8x · quartiles 8.8x – 28.1xAC5.MI, ACE.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI, ELN.MI
- Dividend discount (DDM)0.86 – 1.17 (Mid 0.99)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 7.3% | 54 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 1.4x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 1.4x | 50 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | 6.1x | 82 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 20.9% | 100 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet20/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial54/100 · 1/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial82/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CIR S.P.A. - COMPAGNIE INDUSTRIALI RIUNITE (CIR.MI). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 1.8 bn EUR in 2024; YoY growth 1.6%; net margin 7.3%; ROE 17.1%.
The estimated value range is 0.97–2.33 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 1.48 EUR, the price of 0.75 EUR leaves a potential of 95.7% (value / price − 1) and a margin of safety of 48.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 6.1x
- Shareholder yield (distributions): 20.9%
- The price is below the estimated value range
What contradicts it
- Interest coverage: 1.4x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.7 bn | 21.3 | 15.4% | 8.4% | +8.7% | +22% / +58% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +72% |
| DIA.MIDiasorin S.p.a. | 4.4 bn | 28.8 | 9.2% | 13.0% | +0.8% | +33% / −5% |
| CRL.MICarel Industries S.p.a. | 3.0 bn | 40.9 | 16.1% | 11.7% | +8.7% | +7% / +14% |
| AMP.MIAmplifon S.p.a. | 2.6 bn | 29.1 | 8.5% | 3.8% | −0.6% | −11% / −59% |
| ELN.MIEl.en. - S.p.a. | 1.3 bn | 31.4 | 10.9% | 7.3% | +4.2% | +31% / +79% |
| CMB.MICembre S.p.a. | 1.3 bn | 27.9 | 20.6% | 18.9% | +6.7% | +15% / +114% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 19.1 | 12.8% | 7.1% | −23.0% | +11% / +68% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.7 | 8.6% | 9.4% | +1.4% | −21% / −61% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 986.3 m | 10.6 | 23.5% | 41.0% | +1.8% | −3% / −22% |
| AVIO.MIAvio S.p.a. | 909.3 m | 89.4 | 2.1% | 1.8% | +21.5% | +22% / +302% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 799.2 m | 6.1 | 17.1% | 7.3% | +1.6% | +6% / +75% |
| ASC.MIAscopiave S.p.a. | 639.9 m | 17.9 | 4.2% | 17.5% | +13.4% | −9% / +31% |
| AC5.MIAcinque S.p.a. | 408.7 m | 19.4 | 4.1% | 3.6% | +0.2% | −7% / +7% |
| BAN.MIBasic Net S.p.a. | 345.1 m | — | -4.9% | -3.5% | +0.4% | −31% / +4% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 319.0 m | 12.8 | 11.1% | 13.7% | +9.2% | −3% / +10% |
| CAI.MICairo Communication S.p.a. | 290.6 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +29% |
| ECNL.MIAquafil S.p.a. | 130.1 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 119.8 m | 11.8 | 18.5% | 10.2% | −1.3% | −25% / −31% |
| ABT.MIAbitare In S.p.a. | 76.3 m | 277.0 | 0.4% | 0.4% | +39.8% | −6% / −47% |
| ELC.MIElica S.p.a. | 64.0 m | — | -7.8% | -2.2% | +1.9% | −34% / −49% |
| DEX.MIDexelance S.p.a. | 50.7 m | 2.8 | 11.0% | 5.4% | +12.6% | −63% / −78% |
| CLE.MIClass Editori S.p.a. | 34.4 m | — | -29.2% | -3.8% | −0.7% | −11% / +102% |
| AEF.MIAeffe S.p.a. | 11.7 m | 0.6 | 21.9% | 7.7% | −21.3% | −52% / −84% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.2 | 10.9% | 3.8% | −2.5% | −4% / −10% |
1- and 3-year price returns: for CIR.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.44 Total return -36% · Per year -36% | 0.77 Total return 11% · Per year 11% | 1.16 Total return 65% · Per year 65% |
| 3 years | 0.40 Total return -29% · Per year -11% | 0.80 Total return 32% · Per year 10% | 1.32 Total return 109% · Per year 28% |
| 5 years | 0.37 Total return -22% · Per year -5% | 0.82 Total return 54% · Per year 9% | 1.50 Total return 159% · Per year 21% |
- Exit P/E± 0.20
- Net margin± 0.14
- Annual revenue growth± 0.12
- Annual dilution± 0.01
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202415 Apr 2025
- Annual report 202310 Apr 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.