Reported Earnings • Apr 17
Full year 2025 earnings released Full year 2025 results: Revenue: €25.1m (up 107% from FY 2024). Net income: €2.20m (up 57% from FY 2024). Profit margin: 8.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Italy. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €11.85, the stock trades at a trailing P/E ratio of 38.3x. Average forward P/E is 14x in the Professional Services industry in Europe. Total returns to shareholders of 162% over the past three years. Announcement • Apr 14
Circle S.p.A., Annual General Meeting, Apr 29, 2026 Circle S.p.A., Annual General Meeting, Apr 29, 2026, at 17:30 W. Europe Standard Time. Location: piazza borgo pila 40 torre a interno 46, genova Italy Price Target Changed • Apr 07
Price target increased by 10% to €11.60 Up from €10.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €10.20. Stock is up 77% over the past year. The company posted earnings per share of €0.30 last year. Reported Earnings • May 05
Full year 2024 earnings released Full year 2024 results: Revenue: €14.6m (up 28% from FY 2023). Net income: €1.41m (flat on FY 2023). Profit margin: 9.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€29.7m market cap, or US$33.8m). Announcement • Apr 15
Circle S.p.A., Annual General Meeting, Apr 29, 2025 Circle S.p.A., Annual General Meeting, Apr 29, 2025, at 17:40 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €5.96, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 16x in the Professional Services industry in Europe. Total returns to shareholders of 58% over the past three years. New Risk • Feb 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€33.8m market cap, or US$35.4m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €8.36, the stock trades at a trailing P/E ratio of 29.3x. Average forward P/E is 16x in the Professional Services industry in Europe. Total returns to shareholders of 115% over the past three years. New Risk • Dec 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€36.3m market cap, or US$37.8m). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €9.00, the stock trades at a trailing P/E ratio of 29.5x. Average forward P/E is 15x in the Professional Services industry in Italy. Total returns to shareholders of 137% over the past three years. Price Target Changed • Jul 12
Price target increased by 36% to €10.50 Up from €7.70, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €7.72. Stock is up 40% over the past year. The company posted earnings per share of €0.35 last year. New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (€35.6m market cap, or US$38.5m). Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.35, the stock trades at a trailing P/E ratio of 30.6x. Average forward P/E is 8x in the Professional Services industry in Italy. Total returns to shareholders of 124% over the past three years. Price Target Changed • Jul 31
Price target increased by 8.1% to €6.70 Up from €6.20, the current price target is provided by 1 analyst. New target price is 18% above last closing price of €5.70. Stock is up 58% over the past year. Price Target Changed • Jun 01
Price target increased by 19% to €6.20 Up from €5.20, the current price target is provided by 1 analyst. New target price is 38% above last closing price of €4.50. Stock is up 17% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Giorgio Finadri was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.059 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €5.22m (up 52% from 1H 2021). Net income: €345.0k (up 45% from 1H 2021). Profit margin: 6.6% (down from 6.9% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Professional Services industry in Italy. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Giorgio Finadri was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 22
Price target increased to €5.23 Up from €4.53, the current price target is provided by 1 analyst. New target price is 33% above last closing price of €3.92. Stock is up 41% over the past year. The company is forecast to post earnings per share of €0.12 next year compared to a net loss per share of €0.028 last year. Reported Earnings • Oct 03
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.40m (up 6.6% from 1H 2020). Net income: €238.0k (up €236.0k from 1H 2020). Profit margin: 7.0% (up from 0.1% in 1H 2020). Reported Earnings • Apr 01
Full year 2020 earnings released The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €7.46m (up 53% from FY 2019). Net income: €26.0k (down 93% from FY 2019). Profit margin: 0.3% (down from 7.8% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Feb 10
New 90-day high: €2.90 The company is up 4.0% from its price of €2.78 on 12 November 2020. The Italian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: €2.63 The company is down 10.0% from its price of €2.91 on 30 July 2020. The Italian market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 21% over the same period. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total profits of €84.8k, down 81% from the prior year. Total revenue was €5.43m over the last 12 months, up 33% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: €2.80 The company is down 7.0% from its price of €3.00 on 30 June 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 34% over the same period.