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CIRCOR International

NYSE:CIR
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIR
NYSE
$731M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

CIRCOR International, Inc. designs, manufactures, and markets engineered products and sub-systems worldwide. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • CIRCOR International has significant price volatility in the past 3 months.
CIR Share Price and Events
7 Day Returns
0.9%
NYSE:CIR
1.3%
US Machinery
-0.3%
US Market
1 Year Returns
-18.6%
NYSE:CIR
1.6%
US Machinery
7%
US Market
CIR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIRCOR International (CIR) 0.9% 20.2% 35.3% -18.6% -25.8% -53.2%
US Machinery 1.3% 6.5% 11.1% 1.6% 51.1% 33.8%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • CIR underperformed the Machinery industry which returned 1.6% over the past year.
  • CIR underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
CIR
Industry
5yr Volatility vs Market

CIR Value

 Is CIRCOR International 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 CIRCOR International 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 CIRCOR International.

NYSE:CIR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:CIR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (107.8%))
1.655
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.66
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.655 * 5.96%)
12.59%

Discounted Cash Flow Calculation for NYSE:CIR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CIRCOR International 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.

NYSE:CIR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.59%)
2019 65.73 Analyst x3 58.38
2020 77.31 Analyst x3 60.98
2021 74.20 Analyst x1 51.98
2022 84.20 Analyst x1 52.39
2023 88.98 Est @ 5.68% 49.17
2024 93.25 Est @ 4.79% 45.77
2025 97.14 Est @ 4.17% 42.34
2026 100.77 Est @ 3.74% 39.01
2027 104.24 Est @ 3.44% 35.84
2028 107.60 Est @ 3.23% 32.86
Present value of next 10 years cash flows $468.73
NYSE:CIR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $107.60 × (1 + 2.73%) ÷ (12.59% – 2.73%)
$1,120.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,120.61 ÷ (1 + 12.59%)10
$342.22
NYSE:CIR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $468.73 + $342.22
$810.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $810.94 / 19.87
$40.81
NYSE:CIR Discount to Share Price
Calculation Result
Value per share (USD) From above. $40.81
Current discount Discount to share price of $36.76
= -1 x ($36.76 - $40.81) / $40.81
9.9%

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

Current Discount
Amount off the current price CIRCOR International is available for.
Intrinsic value
10%
Share price is $36.76 vs Future cash flow value of $40.81
Current Discount Checks
For CIRCOR International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CIRCOR International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CIRCOR International'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 CIRCOR International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIRCOR International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CIR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-1.99
NYSE:CIR Share Price ** NYSE (2019-04-18) in USD $36.76
United States of America Machinery Industry PE Ratio Median Figure of 103 Publicly-Listed Machinery Companies 21.67x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

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

** Primary Listing of CIRCOR International.

NYSE:CIR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CIR Share Price ÷ EPS (both in USD)

= 36.76 ÷ -1.99

-18.51x

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

  • CIRCOR International is loss making, we can't compare its value to the US Machinery industry average.
  • CIRCOR International is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does CIRCOR International's expected growth come at a high price?
Raw Data
NYSE:CIR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
59.7%per year
United States of America Machinery Industry PEG Ratio Median Figure of 83 Publicly-Listed Machinery Companies 1.61x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for CIRCOR International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CIRCOR International's assets?
Raw Data
NYSE:CIR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $26.66
NYSE:CIR Share Price * NYSE (2019-04-18) in USD $36.76
United States of America Machinery Industry PB Ratio Median Figure of 129 Publicly-Listed Machinery Companies 2.45x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
NYSE:CIR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CIR Share Price ÷ Book Value per Share (both in USD)

= 36.76 ÷ 26.66

1.38x

* Primary Listing of CIRCOR International.

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

  • CIRCOR International is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess CIRCOR International'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. CIRCOR International has a total score of 1/6, 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.

CIR Future Performance

 How is CIRCOR International expected to perform in the next 1 to 3 years based on estimates from 4 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
59.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIRCOR International expected to grow at an attractive rate?
  • CIRCOR International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CIRCOR International's earnings growth is expected to exceed the United States of America market average.
  • CIRCOR International's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CIR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CIR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 59.7%
NYSE:CIR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 0%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NYSE:CIR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CIR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,175 111 74 1
2021-12-31 1,145 100 62 1
2020-12-31 1,171 108 58 4
2019-12-31 1,124 91 5 4
NYSE:CIR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,176 54 -39
2018-09-30 1,080 31 -24
2018-07-01 942 -5 -13
2018-04-01 792 -7 -10
2017-12-31 662 10 12
2017-10-01 614 22 15
2017-07-02 590 55 16
2017-04-02 585 68 11
2016-12-31 590 59 10
2016-10-02 596 69 19
2016-07-03 621 53 7
2016-04-03 641 54 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIRCOR International's earnings are expected to grow significantly at over 20% yearly.
  • CIRCOR International's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
NYSE:CIR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from CIRCOR International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CIR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.60 3.60 3.60 1.00
2021-12-31 3.06 3.06 3.06 1.00
2020-12-31 2.87 3.11 2.56 3.00
2019-12-31 0.23 0.23 0.23 1.00
NYSE:CIR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -1.99
2018-09-30 -1.25
2018-07-01 -0.74
2018-04-01 -0.60
2017-12-31 0.71
2017-10-01 0.93
2017-07-02 0.98
2017-04-02 0.67
2016-12-31 0.62
2016-10-02 1.17
2016-07-03 0.41
2016-04-03 0.29

*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.
  • CIRCOR International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CIRCOR International'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
CIRCOR International has a total score of 3/6, 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.

CIR Past Performance

  How has CIRCOR International 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 CIRCOR International's growth in the last year to its industry (Machinery).
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.
  • CIRCOR International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CIRCOR International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CIRCOR International's 1-year growth to the US Machinery industry average as it is not currently profitable.
Earnings and Revenue History
CIRCOR International'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 CIRCOR International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CIR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,175.83 -39.38 293.86 8.80
2018-09-30 1,080.04 -23.95 269.05 5.50
2018-07-01 942.22 -13.49 237.63 5.50
2018-04-01 792.08 -10.43 197.85 5.50
2017-12-31 661.71 11.79 160.62 5.50
2017-10-01 614.37 15.36 145.86 5.90
2017-07-02 589.51 16.16 143.63 5.90
2017-04-02 584.67 11.00 141.91 5.90
2016-12-31 590.26 10.10 153.89 5.90
2016-10-02 596.27 19.26 133.65 5.90
2016-07-03 620.69 6.76 136.59 5.90
2016-04-03 641.21 4.82 141.69 5.90
2015-12-31 656.27 9.86 143.60 5.90
2015-10-04 710.58 11.86 160.97 7.80
2015-07-05 755.14 34.61 163.90 7.80
2015-04-05 796.12 44.67 164.92 7.80
2014-12-31 841.45 50.39 171.00 7.80
2014-09-28 836.92 50.06 166.26 6.50
2014-06-29 847.84 53.10 170.78 6.50
2014-03-30 863.60 53.85 175.77 6.50
2013-12-31 857.81 47.12 176.45 6.50
2013-09-29 845.38 47.50 175.98 8.40
2013-06-30 840.45 31.66 173.90 8.40
2013-03-31 836.67 30.12 171.64 8.40
2012-12-31 845.55 30.80 170.98 8.40
2012-09-30 861.06 31.88 174.40 6.10
2012-07-01 861.21 40.95 169.54 6.10

*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.
  • It is difficult to establish if CIRCOR International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • CIRCOR International used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • It is difficult to establish if CIRCOR International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CIRCOR International'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 Machinery 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.
CIRCOR International has a total score of 0/6, 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.

CIR Health

 How is CIRCOR International'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 CIRCOR International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIRCOR International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CIRCOR International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CIRCOR International'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x 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 CIRCOR International Company Filings, last reported 3 months ago.

NYSE:CIR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 528.99 787.54 68.52
2018-09-30 574.17 802.47 71.33
2018-07-01 573.99 820.88 69.03
2018-04-01 592.10 815.80 123.31
2017-12-31 601.97 795.21 110.36
2017-10-01 451.89 269.03 75.63
2017-07-02 438.10 252.86 77.27
2017-04-02 415.54 243.00 65.66
2016-12-31 404.41 251.20 58.28
2016-10-02 416.60 92.40 84.93
2016-07-03 411.37 97.60 72.97
2016-04-03 414.11 97.80 66.58
2015-12-31 400.78 90.50 54.54
2015-10-04 407.98 111.10 53.82
2015-07-05 421.07 114.08 55.03
2015-04-05 463.10 37.55 103.96
2014-12-31 494.09 13.68 121.37
2014-09-28 508.04 33.84 114.67
2014-06-29 507.36 43.44 116.42
2014-03-30 492.60 56.13 122.19
2013-12-31 476.89 49.64 102.28
2013-09-29 459.06 49.92 86.38
2013-06-30 432.15 59.55 60.93
2013-03-31 418.82 66.55 57.73
2012-12-31 418.25 70.48 61.84
2012-09-30 408.32 83.78 49.08
2012-07-01 397.96 95.89 41.51
  • CIRCOR International's level of debt (148.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.4% vs 148.9% today).
  • Debt is not well covered by operating cash flow (6.9%, less than 20% of total debt).
  • CIRCOR International is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess CIRCOR International'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. CIRCOR International has a total score of 1/6, 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.

CIR Dividends

 What is CIRCOR International'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 CIRCOR International dividends. Estimated to be 0% next year.
If you bought $2,000 of CIRCOR International 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 CIRCOR International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CIRCOR International'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
NYSE:CIR 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 4 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NYSE:CIR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
NYSE:CIR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.000 0.000
2019-02-27 0.000 0.000
2018-11-06 0.000 0.000
2018-11-05 0.000 0.000
2018-08-07 0.000 0.000
2018-07-26 0.000 0.000
2018-02-28 0.000 0.000
2017-11-16 0.000 0.000
2017-08-07 0.150 0.303
2017-05-15 0.150 0.251
2017-02-09 0.150 0.245
2016-11-08 0.150 0.237
2016-08-01 0.150 0.266
2016-05-13 0.150 0.261
2016-02-11 0.150 0.334
2015-11-04 0.150 0.377
2015-08-06 0.150 0.336
2015-05-05 0.150 0.287
2015-02-13 0.150 0.273
2014-10-31 0.150 0.254
2014-07-30 0.150 0.220
2014-04-30 0.150 0.194
2014-02-12 0.150 0.201
2013-10-30 0.150 0.196
2013-07-31 0.150 0.248
2013-05-01 0.150 0.292
2013-02-27 0.150 0.347
2012-10-31 0.150 0.391
2012-08-01 0.150 0.423
2012-05-02 0.150 0.467
2012-03-01 0.150 0.471
2011-11-02 0.150 0.425
2011-08-03 0.150 0.481
2011-05-04 0.150 0.357
2011-02-23 0.150 0.352
2010-11-03 0.150 0.363
2010-07-30 0.150 0.474
2010-05-07 0.150 0.519
2010-02-24 0.150 0.455
2009-10-28 0.150 0.547
2009-07-29 0.150 0.554
2009-04-29 0.150 0.605
2009-04-22 0.150 0.530

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

  • Unable to perform a dividend volatility check as CIRCOR International has not reported any payouts.
  • Unable to verify if CIRCOR International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CIRCOR International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CIRCOR International has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of CIRCOR International's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess CIRCOR International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 CIRCOR International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIRCOR International 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.

CIR Management

 What is the CEO of CIRCOR International'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.
CEO
Scott Buckhout
COMPENSATION $4,492,659
AGE 51
TENURE AS CEO 6 years
CEO Bio

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 Technologies Corp. since March 2011. He served as the President of Global Fire Products, UTC Fire & Security at United Technologies Corp. until March 2011. He served in a number of senior level positions at United Technology Corporation from 2007 to 2012. He served as the President, Systems and Firefighting at UTC. Mr. Buckhout held a number of senior roles at Honeywell International Corporation in the Consumer Products and Friction Materials divisions. He spent five years in Europe for UTC and Honeywell, including as Vice President and General Manager, Consumer Products Group, Honeywell EMEA and Vice President and General Manager, Honeywell Friction Materials – Europe. He started his career as an engineer at The Boeing Company. Mr. Buckhout serves as Chairman of Marioff Corporation Oy. He has 15 years of general management and strategy consulting experience at Honeywell and Booz Allen & Hamilton. He has been a Director of CIRCOR International, Inc. since April 9, 2013. Mr. Buckhout earned a Master of Business Administration in Operations & Finance from the J.L. Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science in Aerospace Engineering from Texas A&M University.

CEO Compensation
  • Scott's compensation has increased whilst company is loss making.
  • Scott's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CIRCOR International management team in years:

2.6
Average Tenure
51
Average Age
  • The tenure for the CIRCOR International management team is about average.
Management Team

Scott Buckhout

TITLE
President
COMPENSATION
$4M
AGE
51
TENURE
6 yrs

AJ Sharma

TITLE
Senior Vice President of Business Development
COMPENSATION
$781K
AGE
41
TENURE
2.6 yrs

Sumit Mehrotra

TITLE
President of Industrial Group
COMPENSATION
$1M
AGE
42

Lane Walker

TITLE
President of Energy Group
COMPENSATION
$1M
AGE
41
TENURE
0.8 yrs

Chadi Chahine

TITLE
Senior VP & CFO
TENURE
0.3 yrs

James Lapointe

TITLE
Senior Vice President of Global Operations
TENURE
2.6 yrs

Andrew Farnsworth

TITLE
Senior VP & Chief Human Resources Officer
AGE
59
TENURE
3.8 yrs

Tony Najjar

TITLE
Group President of Aerospace & Defense
AGE
57
TENURE
1.2 yrs

Varun Rao

TITLE
President – India
TENURE
1.2 yrs

Tanya Dawkins

TITLE
VP & Corporate Treasurer
AGE
57
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the CIRCOR International board of directors in years:

6
Average Tenure
59
Average Age
  • The tenure for the CIRCOR International board of directors is about average.
Board of Directors

David Dietz

TITLE
Chairman of the Board
COMPENSATION
$287K
AGE
68
TENURE
6.3 yrs

Scott Buckhout

TITLE
President
COMPENSATION
$4M
AGE
51
TENURE
6 yrs

Pete Wilver

TITLE
Director
COMPENSATION
$170K
AGE
58
TENURE
9.2 yrs

Andy O'Donnell

TITLE
Director
COMPENSATION
$195K
AGE
70
TENURE
7.4 yrs

Helmuth Ludwig

TITLE
Director
COMPENSATION
$185K
AGE
55
TENURE
3.3 yrs

Tina Donikowski

TITLE
Director
COMPENSATION
$165K
AGE
59
TENURE
2.1 yrs

Sam Chapin

TITLE
Independent Director
AGE
60
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Sell Colfax Corporation Company 15. Jun 18 15. Jun 18 -3,283,424 $44.25 $-145,291,512
09. Jan 19 Sell GAMCO Investors, Inc. Company 12. Nov 18 08. Jan 19 -147,776 $33.97 $-618,833
09. Jan 19 Buy GAMCO Investors, Inc. Company 12. Nov 18 08. Jan 19 281,379 $34.13 $2,070,955
03. Jul 18 Buy Gabelli Foundation Inc, Endowment Arm Company 27. Jun 18 02. Jul 18 2,000 $37.37 $73,318
03. Jul 18 Buy Teton Advisors, Inc Company 26. Jun 18 26. Jun 18 7,965 $37.20 $296,296
03. Jul 18 Buy GAMCO Investors, Inc. Company 08. Jun 18 02. Jul 18 136,712 $37.85 $1,229,050
26. Jun 18 Buy Gabelli & Company Investment Advisers, Inc. Company 25. Jun 18 25. Jun 18 2,000 $36.65 $73,300
26. Jun 18 Buy Teton Advisors, Inc Company 25. Jun 18 25. Jun 18 2,035 $36.64 $74,556
26. Jun 18 Sell GAMCO Investors, Inc. Company 26. Apr 18 14. Jun 18 -16,527 $52.00 $-24,421
26. Jun 18 Buy GAMCO Investors, Inc. Company 26. Apr 18 25. Jun 18 161,180 $48.67 $505,147
X
Management checks
We assess CIRCOR International'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. CIRCOR International 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.

CIR News

Simply Wall St News

Calculating The Intrinsic Value Of CIRCOR International, Inc. (NYSE:CIR)

by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Is CIRCOR International, Inc. (NYSE:CIR) Overpaying Its CEO?

Scott Buckhout has been the CEO of CIRCOR International, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Scott Buckhout's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are CIRCOR International, Inc.'s (NYSE:CIR) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like CIRCOR International, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Should You Worry About CIRCOR International Inc's (NYSE:CIR) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … According to our data, CIRCOR International Inc has a market capitalization of US$667m, and pays its CEO total annual compensation worth US$3m. … It would therefore appear that CIRCOR International Inc pays Scott Buckhout more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Estimating The Fair Value Of CIRCOR International Inc (NYSE:CIR)

I am going to run you through how I calculated the intrinsic value of CIRCOR International Inc (NYSE:CIR). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

How Does CIRCOR International Inc (NYSE:CIR) Affect Your Portfolio Returns?

The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … Not every stock is exposed to the same level of market risk.

Simply Wall St -

Is It The Right Time To Buy CIRCOR International Inc (NYSE:CIR)?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether CIRCOR International's current trading price of $39.62 reflective of the actual value of the? … Let’s take a look at CIRCOR International’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

A Look At The Fair Value Of CIRCOR International Inc (NYSE:CIR)

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for CIRCOR International by following the link below.

Simply Wall St -

Is Now The Right Time To Buy CIRCOR International Inc (NYSE:CIR)?

Growth expectations for CIRCOR International Inc (NYSE:CIR) are high, but many investors are starting to ask whether its last close at $42.37 can still be rationalized by the future potential. … This illustrates that CIRCOR International is overvalued compared to the US market average ratio of 18.32x , and overvalued based on current earnings compared to the machinery industry average of 22.99x. … NYSE:CIR PE PEG Gauge May 1st 18 We understand CIR seems to be overvalued based on its current earnings, compared to its industry peers.

Simply Wall St -

Is CIRCOR International Inc (NYSE:CIR) Worth $43.4 Based On Intrinsic Value?

I am going to run you through how I calculated the intrinsic value of CIRCOR International Inc (NYSE:CIR) by taking the expected future cash flows and discounting them to today's value. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $39.66 $69.65 $91.20 $111.50 $101.03 Source Analyst x2 Analyst x3 Analyst x1 Analyst x1 Extrapolated @ (-9.39%) Present Value Discounted @ 14.82% $34.54 $52.83 $60.25 $64.15 $50.62 Present Value of 5-year Cash Flow (PVCF)= $262 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $101 × (1 + 2.5%) ÷ (14.8% – 2.5%) = $838 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $838 / ( 1 + 14.8%)5 = $420 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $682.

Simply Wall St -

CIR Company Info

Description

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 segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices and fluid catalytic converter and isolation valves. It also provides instrumentation fittings and sampling systems comprising sight glasses and gauge valves; liquid level controllers and level switches, plugs and probes pressure controllers, and pressure regulators; oil mist systems and preventative lubrication services; and pipeline pigs, quick opening closures, and pig signalers. This segment offers its products and services to end-user customers, such as oil companies; engineering, procurement, and construction (EPC) companies; and distributors through direct sales, sales representatives, and agents. The Aerospace and Defense segment manufactures and markets control valves, automatic recirculation valves, regulators, fluid controls, actuation systems, landing gear components, pneumatic controls, electro-mechanical controls, and other flow control products and systems. Its products and services are used by various customers in the military and defense, commercial aerospace, business and general aviation, and general industrial markets. This segment serves aircraft manufacturers and tier 1 suppliers to aircraft manufacturers. The Industrial segment provides 3 and 2 screw, progressing cavity, specialty centrifugal, and gear metering pumps; multiphase pump systems; automatic recircultaing valves; and severe service and general service control valves for the end-users, OEMs, and EPC companies. CIRCOR International, Inc. was founded in 1999 and is headquartered in Burlington, Massachusetts.

Details
Name: CIRCOR International, Inc.
CIR
Exchange: NYSE
Founded: 1999
$730,543,096
19,873,316
Website: http://www.circor.com
Address: CIRCOR International, Inc.
30 Corporate Drive,
Suite 200,
Burlington,
Massachusetts, 01803,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CIR Common Stock New York Stock Exchange US USD 13. Oct 1999
DB CCI Common Stock Deutsche Boerse AG DE EUR 13. Oct 1999
Number of employees
Current staff
Staff numbers
4,400
CIRCOR International employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 23:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/01
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.