Loading...

Circle

BIT:CIRC
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIRC
BIT
€10M
Market Cap
  1. Home
  2. IT
  3. Commercial Services
Company description

Circle S.p.A. provides process and management consulting services, technological solutions, and digital marketing solutions for transport and logistics sector. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
CIRC Share Price and Events
7 Day Returns
-11.4%
BIT:CIRC
8%
IT Professional Services
-1.3%
IT Market
1 Year Returns
-
BIT:CIRC
45.8%
IT Professional Services
-9.3%
IT Market
CIRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Circle (CIRC) -11.4% -5.4% 9% - - -
IT Professional Services 8% 14.9% 33% 45.8% 40.1% 52.8%
IT Market -1.3% -5.2% 0.7% -9.3% 1.1% -37.3%
1 Year Return vs Industry and Market
  • No trading data on CIRC.
  • No trading data on CIRC.
Price Volatility
Industry
5yr Volatility vs Market

CIRC Value

 Is Circle undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Circle to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Circle.

BIT:CIRC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:CIRC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.878 (1 + (1- 24%) (0.01%))
0.918
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (0.918 * 9.02%)
11.22%

Discounted Cash Flow Calculation for BIT:CIRC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Circle is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:CIRC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.22%)
2019 0.80 Analyst x1 0.72
2020 1.36 Analyst x2 1.10
2021 1.86 Analyst x2 1.35
2022 1.77 Analyst x1 1.16
2023 1.73 Est @ -2.59% 1.02
2024 1.71 Est @ -0.93% 0.90
2025 1.71 Est @ 0.23% 0.81
2026 1.73 Est @ 1.04% 0.74
2027 1.76 Est @ 1.61% 0.68
2028 1.80 Est @ 2.01% 0.62
Present value of next 10 years cash flows €9.11
BIT:CIRC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1.80 × (1 + 2.93%) ÷ (11.22% – 2.93%)
€22.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €22.32 ÷ (1 + 11.22%)10
€7.71
BIT:CIRC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €9.11 + €7.71
€16.82
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €16.82 / 3.47
€4.85
BIT:CIRC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.85
Current discount Discount to share price of €2.94
= -1 x (€2.94 - €4.85) / €4.85
39.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Circle is available for.
Intrinsic value
39%
Share price is €2.94 vs Future cash flow value of €4.85
Current Discount Checks
For Circle to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Circle's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Circle's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Circle's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Circle's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:CIRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.13
BIT:CIRC Share Price ** BIT (2019-05-23) in EUR €2.94
Italy Professional Services Industry PE Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 18.33x
Italy Market PE Ratio Median Figure of 242 Publicly-Listed Companies 15.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Circle.

BIT:CIRC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:CIRC Share Price ÷ EPS (both in EUR)

= 2.94 ÷ 0.13

21.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Circle is overvalued based on earnings compared to the IT Professional Services industry average.
  • Circle is overvalued based on earnings compared to the Italy market.
Price based on expected Growth
Does Circle's expected growth come at a high price?
Raw Data
BIT:CIRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24%per year
Europe Professional Services Industry PEG Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.59x
Italy Market PEG Ratio Median Figure of 160 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

BIT:CIRC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.89x ÷ 24%

0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Circle is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Circle's assets?
Raw Data
BIT:CIRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.46
BIT:CIRC Share Price * BIT (2019-05-23) in EUR €2.94
Italy Professional Services Industry PB Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 1.92x
Italy Market PB Ratio Median Figure of 322 Publicly-Listed Companies 1.46x
BIT:CIRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:CIRC Share Price ÷ Book Value per Share (both in EUR)

= 2.94 ÷ 0.46

6.34x

* Primary Listing of Circle.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Circle is overvalued based on assets compared to the IT Professional Services industry average.
X
Value checks
We assess Circle's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Circle has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CIRC Future Performance

 How is Circle expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Circle expected to grow at an attractive rate?
  • Circle's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Circle's earnings growth is expected to exceed the Italy market average.
  • Circle's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:CIRC Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:CIRC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24%
BIT:CIRC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 17.2%
Italy Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
Europe Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:CIRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:CIRC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 9 2 2 1
2021-12-31 8 2 1 1
2020-12-31 7 2 1 1
2019-12-31 6 1 1 1
BIT:CIRC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4 1
2017-12-31 2 1 0
2016-12-31 2 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Circle's earnings are expected to grow significantly at over 20% yearly.
  • Circle's revenue is expected to grow by 17.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:CIRC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Circle Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:CIRC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.39 0.39 0.39 1.00
2020-12-31 0.32 0.32 0.32 1.00
2019-12-31 0.25 0.25 0.25 1.00
BIT:CIRC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31
2017-12-31 0.13
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Circle is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Circle's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Circle has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CIRC Past Performance

  How has Circle performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Circle's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Circle's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Circle's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Circle's earnings growth has not exceeded the IT Professional Services industry average in the past year (33.3% vs 61.6%).
Earnings and Revenue History
Circle's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Circle Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:CIRC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4.06 0.62 0.11
2017-12-31 1.97 0.47 0.08
2016-12-31 1.99 0.40 0.07
2015-12-31 1.71 0.27 0.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Circle has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Circle used its assets more efficiently than the IT Professional Services industry average last year based on Return on Assets.
  • Unable to establish if Circle improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Circle's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Circle has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CIRC Health

 How is Circle's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Circle's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Circle is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Circle's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Circle's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6653.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Circle Company Filings, last reported 4 months ago.

BIT:CIRC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3.96 0.00 2.10
2017-12-31 1.61 0.00 1.82
2016-12-31
2015-12-31
  • Circle's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Circle's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (169559%, greater than 20% of total debt).
  • Circle earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Circle's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Circle has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CIRC Dividends

 What is Circle's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Circle dividends.
If you bought €2,000 of Circle shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Circle's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Circle's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:CIRC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.5%
Italy Market Average Dividend Yield Market Cap Weighted Average of 186 Stocks 4.3%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:CIRC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Circle has not reported any payouts.
  • Unable to verify if Circle's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Circle's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Circle has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Circle's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Circle afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Circle has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CIRC Management

 What is the CEO of Circle's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Circle has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • Circle insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. May 19 Sell Luca Abatello Individual 15. May 19 17. May 19 -10,560 €3.16 €-32,162
20. May 19 Buy Luca Abatello Individual 16. May 19 17. May 19 2,640 €3.07 €7,985
15. May 19 Sell Luca Abatello Individual 09. May 19 13. May 19 -1,320 €2.98 €-3,924
15. May 19 Buy Luca Abatello Individual 09. May 19 13. May 19 1,320 €2.98 €3,912
10. May 19 Sell Luca Abatello Individual 06. May 19 06. May 19 -660 €2.95 €-1,944
10. May 19 Buy Luca Abatello Individual 07. May 19 07. May 19 660 €2.98 €1,968
30. Apr 19 Sell Luca Abatello Individual 25. Apr 19 25. Apr 19 -660 €3.00 €-1,980
30. Apr 19 Buy Luca Abatello Individual 26. Apr 19 26. Apr 19 660 €2.95 €1,944
23. Apr 19 Sell Luca Abatello Individual 17. Apr 19 17. Apr 19 -660 €3.05 €-2,016
16. Apr 19 Buy Luca Abatello Individual 10. Apr 19 10. Apr 19 660 €2.93 €1,932
04. Apr 19 Buy Luca Abatello Individual 29. Mar 19 29. Mar 19 660 €2.90 €1,913
01. Apr 19 Buy Luca Abatello Individual 26. Mar 19 28. Mar 19 1,320 €2.85 €3,721
27. Mar 19 Sell Luca Abatello Individual 22. Mar 19 25. Mar 19 -1,320 €2.85 €-3,697
27. Mar 19 Buy Luca Abatello Individual 22. Mar 19 22. Mar 19 1,980 €2.84 €5,580
25. Mar 19 Sell Luca Abatello Individual 19. Mar 19 20. Mar 19 -1,320 €2.71 €-3,572
25. Mar 19 Buy Luca Abatello Individual 19. Mar 19 21. Mar 19 2,640 €2.77 €7,210
19. Feb 19 Buy Luca Abatello Individual 13. Feb 19 15. Feb 19 3,960 €3.18 €11,081
14. Feb 19 Sell Luca Abatello Individual 11. Feb 19 12. Feb 19 -2,640 €3.24 €-8,443
14. Feb 19 Buy Luca Abatello Individual 08. Feb 19 12. Feb 19 3,300 €3.24 €10,500
11. Feb 19 Sell Luca Abatello Individual 07. Feb 19 07. Feb 19 -1,320 €3.24 €-4,247
11. Feb 19 Buy Luca Abatello Individual 07. Feb 19 07. Feb 19 1,320 €3.25 €4,271
11. Feb 19 Sell Luca Abatello Individual 06. Feb 19 06. Feb 19 -9,240 €3.34 €-29,855
11. Feb 19 Buy Luca Abatello Individual 06. Feb 19 06. Feb 19 660 €3.28 €2,165
06. Feb 19 Sell Luca Abatello Individual 01. Feb 19 01. Feb 19 -4,620 €3.20 €-14,353
06. Feb 19 Buy Luca Abatello Individual 31. Jan 19 01. Feb 19 1,980 €3.17 €6,264
30. Jan 19 Sell Luca Abatello Individual 24. Jan 19 25. Jan 19 -1,980 €3.05 €-5,956
28. Jan 19 Buy Luca Abatello Individual 22. Jan 19 22. Jan 19 660 €2.72 €1,794
02. Jan 19 Buy Luca Abatello Individual 27. Dec 18 27. Dec 18 1,980 €2.35 €4,568
14. Dec 18 Buy Luca Abatello Individual 10. Dec 18 11. Dec 18 1,320 €2.28 €2,989
11. Dec 18 Buy Luca Abatello Individual 06. Dec 18 06. Dec 18 660 €2.19 €1,444
07. Dec 18 Buy Luca Abatello Individual 03. Dec 18 03. Dec 18 660 €2.28 €1,503
03. Dec 18 Buy Luca Abatello Individual 27. Nov 18 28. Nov 18 2,640 €2.36 €6,069
26. Nov 18 Buy Luca Abatello Individual 21. Nov 18 23. Nov 18 1,320 €2.37 €3,110
21. Nov 18 Buy Luca Abatello Individual 19. Nov 18 19. Nov 18 660 €2.35 €1,554
16. Nov 18 Buy Luca Abatello Individual 14. Nov 18 14. Nov 18 660 €2.28 €1,501
15. Nov 18 Buy Luca Abatello Individual 09. Nov 18 09. Nov 18 1,980 €2.27 €4,464
X
Management checks
We assess Circle's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Circle has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CIRC News

Simply Wall St News

Why Fundamental Investors Might Love Circle S.p.A. (BIT:CIRC)

(BIT:CIRC), there's is a company with impressive financial health as well as an optimistic future outlook. … High growth potential with excellent balance sheet One reason why investors are attracted to CIRC is its notable earnings growth potential in the near future of 24%. … BIT:CIRC Past and Future Earnings, May 15th 2019 Next Steps: For Circle, there are three key factors you should look at: Historical Performance: What has CIRC's returns been like over the past?

Simply Wall St -

Is Circle S.p.A. (BIT:CIRC) Trading At A 37% Discount?

Today, we will estimate the stock's intrinsic value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

Is There More To Circle S.p.A. (BIT:CIRC) Than Its 18% Returns On Capital?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Do You Know Circle S.p.A.’s (BIT:CIRC) Cash Situation?

Circle generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … I will be analysing Circle’s FCF by looking at its FCF yield and its operating cash flow growth. … The yield will tell us whether the stock is generating enough cash to compensate for the risk investors take on by holding a single stock, which I will compare to the market index.

Simply Wall St -

What Type Of Shareholder Owns Circle S.p.A.'s (BIT:CIRC)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Circle is not a large company by global standards. … institutional investors have not yet purchased much of the company.

Simply Wall St -

Is Circle SpA's (BIT:CIRC) 29% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.29 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

CIRC Company Info

Description

Circle S.p.A. provides process and management consulting services, technological solutions, and digital marketing solutions for transport and logistics sector. It offers Milos, a modular software for the optimization of transport of containers, trailers, vehicles, and various types of goods along the supply chain; Sinfomar, a port community system; and Connecting EU that assists public actors and private companies in developing new businesses through specific instruments of project anticipation and EU branding. The company also provides digital multichannel marketing services. Circle S.p.A. was founded in 2012 and is based in Genoa, Italy.

Details
Name: Circle S.p.A.
CIRC
Exchange: BIT
Founded: 2012
€10,202,138
3,470,115
Website: http://www.circletouch.eu
Address: Circle S.p.A.
Via Bombrini 13/3,
Genoa,
Genoa, 16149,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT CIRC Ordinary Shares Borsa Italiana IT EUR 26. Oct 2018
Number of employees
Current staff
Staff numbers
0
Circle employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:55
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.