NYSE:CIR

Stock Analysis Report

Executive Summary

CIRCOR International, Inc. designs, manufactures, and markets engineered products and sub-systems worldwide.

Snowflake

Fundamentals

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has CIRCOR International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.9%

CIR

3.3%

US Machinery

0.07%

US Market


1 Year Return

11.6%

CIR

15.1%

US Machinery

8.9%

US Market

Return vs Industry: CIR exceeded the US Machinery industry which returned 15.1% over the past year.

Return vs Market: CIR exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

CIRIndustryMarket
7 Day3.9%3.3%0.07%
30 Day5.1%3.5%-0.3%
90 Day-2.0%-0.5%-1.6%
1 Year11.6%11.6%17.5%15.1%11.3%8.9%
3 Year-29.2%-29.5%55.1%45.1%46.3%36.8%
5 Year-43.1%-43.6%56.6%37.5%62.1%44.3%

Price Volatility Vs. Market

How volatile is CIRCOR International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CIRCOR International undervalued compared to its fair value and its price relative to the market?

37.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CIR ($38.57) is trading below our estimate of fair value ($61.72)

Significantly Below Fair Value: CIR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CIR is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: CIR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CIR is good value based on its PB Ratio (1.6x) compared to the US Machinery industry average (2.3x).


Next Steps

Future Growth

How is CIRCOR International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

56.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: CIR is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: CIR's loss is forecast to worsen by 0% next year.

Revenue vs Market: CIR's revenue (0.09% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: CIR's revenue (0.09% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CIR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CIRCOR International performed over the past 5 years?

-69.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CIR is unprofitable, and losses have increased over the past 5 years at a rate of -69.6% per year.

Accelerating Growth: Unable to compare CIR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CIR is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (16.7%).


Return on Equity

High ROE: CIR has a negative Return on Equity (-10.3%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CIR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CIR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is CIRCOR International's financial position?


Financial Position Analysis

Short Term Liabilities: CIR's short term assets ($573.2M) exceeds its short term liabilities ($256.4M)

Long Term Liabilities: CIR's short term assets (573.2M) do not cover its long term liabilities (961.4M)


Debt to Equity History and Analysis

Debt Level: CIR's debt to equity ratio (149.5%) is considered high

Reducing Debt: CIR's debt to equity ratio has increased from 8.5% to 149.5% over the past 5 years.

Debt Coverage: CIR's debt is not well covered by operating cash flow (6%).

Interest Coverage: CIR is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: CIR has a high level of physical assets or inventory.

Debt Coverage by Assets: CIR's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CIR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CIR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CIR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CIR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CIR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CIR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Scott Buckhout (52yo)

6.5yrs

Tenure

US$4,492,659

Compensation

Mr. Scott A. Buckhout has been the Chief Executive Officer and President at CIRCOR International, Inc. since April 9, 2013. Mr. Buckhout served as the President of UTC Fire & Security at United Technologie ...


CEO Compensation Analysis

Compensation vs. Market: Scott's total compensation ($USD4.49M) is above average for companies of similar size in the US market ($USD2.67M).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.7yrs

Average Tenure

51yo

Average Age

Experienced Management: CIR's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

6.5yrs

Average Tenure

60yo

Average Age

Experienced Board: CIR's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$013 Aug 19
Gabelli & Company Investment Advisers, Inc.
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SellUS$013 Aug 19
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Max PriceUS$45.74
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GAMCO Investors, Inc.
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Max PriceUS$45.61
SellUS$33,56118 Jul 19
Gabelli Foundation Inc, Endowment Arm
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Shares800
Max PriceUS$41.95
SellUS$364,74218 Jul 19
Teton Advisors, Inc
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Max PriceUS$45.59
BuyUS$100,33418 Jul 19
Gabelli & Company Investment Advisers, Inc.
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Shares2,200
Max PriceUS$45.61
SellUS$852,11510 Jul 19
GAMCO Investors, Inc.
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Shares18,265
Max PriceUS$46.86
BuyUS$153,50310 Jul 19
Gabelli & Company Investment Advisers, Inc.
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Shares3,300
Max PriceUS$46.52
BuyUS$443,12010 Jul 19
GAMCO Investors, Inc.
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Shares9,504
Max PriceUS$46.82
BuyUS$178,66809 Jul 19
Teton Advisors, Inc
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Shares4,000
Max PriceUS$44.67
SellUS$2,009,98009 Jul 19
Teton Advisors, Inc
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Shares44,000
Max PriceUS$46.08
SellUS$276,02309 Jul 19
Gabelli Foundation Inc, Endowment Arm
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Shares6,000
Max PriceUS$46.25
BuyUS$606,58809 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares90,987
Max PriceUS$46.68
BuyUS$009 Jul 19
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares8,700
Max PriceUS$46.68
SellUS$3,540,29209 Jul 19
GAMCO Investors, Inc.
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Shares115,015
Max PriceUS$47.26
SellUS$315,22823 May 19
Teton Advisors, Inc
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Shares7,200
Max PriceUS$43.78
BuyUS$637,57823 May 19
Gabelli Foundation Inc, Endowment Arm
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Shares15,000
Max PriceUS$42.51
BuyUS$3,573,15023 May 19
Gabelli & Company Investment Advisers, Inc.
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Shares84,000
Max PriceUS$42.85
BuyUS$4,555,89923 May 19
GAMCO Investors, Inc.
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Shares107,980
Max PriceUS$43.13
SellUS$4,982,28423 May 19
GAMCO Investors, Inc.
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Shares110,355
Max PriceUS$46.10
BuyUS$157,61423 May 19
Teton Advisors, Inc
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Shares3,600
Max PriceUS$43.78
SellUS$7,241,08621 May 19
GAMCO Investors, Inc.
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Shares288,715
Max PriceUS$37.05
BuyUS$021 May 19
GAMCO Investors, Inc.
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Shares3,535
Max PriceUS$36.55
BuyUS$2,92421 May 19
Teton Advisors, Inc
EntityCompany
Shares80
Max PriceUS$36.55
SellUS$618,83309 Jan 19
GAMCO Investors, Inc.
EntityCompany
Shares147,776
Max PriceUS$33.97
BuyUS$2,070,95509 Jan 19
GAMCO Investors, Inc.
EntityCompany
Shares281,379
Max PriceUS$34.13

Ownership Breakdown


Management Team

  • David Mullen (51yo)

    Senior Vice President of Finance

    • Tenure: 0.08yrs
  • Lane Walker (42yo)

    President of Energy Group

    • Tenure: 1.3yrs
    • Compensation: US$1.06m
  • Scott Buckhout (52yo)

    President

    • Tenure: 6.5yrs
    • Compensation: US$4.49m
  • AJ Sharma (42yo)

    Senior Vice President of Business Development

    • Tenure: 3.1yrs
    • Compensation: US$781.16k
  • Andrew Farnsworth (60yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 4.3yrs
  • Varun Rao

    President – India

    • Tenure: 1.7yrs
  • Tony Najjar (58yo)

    Group President of Aerospace & Defense

    • Tenure: 1.7yrs
  • Sumit Mehrotra (43yo)

    President of Industrial Group

    • Tenure: 0yrs
    • Compensation: US$1.29m
  • Chadi Chahine

    Senior VP & CFO

    • Tenure: 0.8yrs
  • Gregory Bowen (51yo)

    Senior VP of Finance

    • Tenure: 0.08yrs

Board Members

  • David Dietz (69yo)

    Independent Chairman of the Board

    • Tenure: 6.8yrs
    • Compensation: US$286.50k
  • Pete Wilver (59yo)

    Independent Director

    • Tenure: 9.7yrs
    • Compensation: US$170.03k
  • Andy O'Donnell (71yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: US$194.58k
  • Sam Chapin (61yo)

    Independent Director

    • Tenure: 0.8yrs
  • Helmuth Ludwig (56yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$184.58k
  • Tina Donikowski (60yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$164.80k
  • Scott Buckhout (52yo)

    President

    • Tenure: 6.5yrs
    • Compensation: US$4.49m

Company Information

CIRCOR International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIRCOR International, Inc.
  • Ticker: CIR
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$767.732m
  • Shares outstanding: 19.90m
  • Website: https://www.circor.com

Number of Employees


Location

  • CIRCOR International, Inc.
  • 30 Corporate Drive
  • Suite 200
  • Burlington
  • Massachusetts
  • 1803
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIRNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1999
CCIDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1999
CCIBST (Boerse-Stuttgart)YesCommon StockDEEUROct 1999

Biography

CIRCOR International, Inc. designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. The Energy se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:33
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.