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CIR

CIRCOR International NYSE:CIR Stock Report

Last Price

US$13.48

Market Cap

US$274.5m

7D

-20.5%

1Y

-60.9%

Updated

26 Sep, 2022

Data

Company Financials +
CIR fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CIR Stock Overview

CIRCOR International, Inc. designs, manufactures, and distributes flow and motion control products in Europe, the Middle East, Africa, North America, and internationally.

CIRCOR International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CIRCOR International
Historical stock prices
Current Share PriceUS$13.48
52 Week HighUS$36.48
52 Week LowUS$13.26
Beta2.22
1 Month Change-21.81%
3 Month Change-11.02%
1 Year Change-60.91%
3 Year Change-64.10%
5 Year Change-75.24%
Change since IPO21.17%

Recent News & Updates

Aug 24

CIRCOR receives NYSE notice for non-compliance

CIRCOR International (NYSE:CIR) received a notice from the NYSE indicating that the company is not in compliance due to its failure to timely file its quarterly report for the period ended July 3, 2022. Company has six months from August 18, 2022 to file the Q2 Quarterly Report with SEC.

Shareholder Returns

CIRUS MachineryUS Market
7D-20.5%-8.1%-6.9%
1Y-60.9%-20.8%-23.7%

Return vs Industry: CIR underperformed the US Machinery industry which returned -19.5% over the past year.

Return vs Market: CIR underperformed the US Market which returned -23% over the past year.

Price Volatility

Is CIR's price volatile compared to industry and market?
CIR volatility
CIR Average Weekly Movement8.5%
Machinery Industry Average Movement5.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: CIR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CIR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19993,100Tony Najjarhttps://www.circor.com

CIRCOR International, Inc. designs, manufactures, and distributes flow and motion control products in Europe, the Middle East, Africa, North America, and internationally. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial.

CIRCOR International Fundamentals Summary

How do CIRCOR International's earnings and revenue compare to its market cap?
CIR fundamental statistics
Market CapUS$274.47m
Earnings (TTM)-US$72.97m
Revenue (TTM)US$767.87m

0.4x

P/S Ratio

-3.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIR income statement (TTM)
RevenueUS$767.87m
Cost of RevenueUS$530.42m
Gross ProfitUS$237.45m
Other ExpensesUS$310.42m
Earnings-US$72.97m

Last Reported Earnings

Apr 03, 2022

Next Earnings Date

Sep 30, 2022

Earnings per share (EPS)-3.58
Gross Margin30.92%
Net Profit Margin-9.50%
Debt/Equity Ratio485.5%

How did CIR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CIR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIR?

Other financial metrics that can be useful for relative valuation.

CIR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA9.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CIR's PS Ratio compare to its peers?

CIR PS Ratio vs Peers
The above table shows the PS ratio for CIR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average16x
FATH Fathom Digital Manufacturing
0.8x9.2%US$280.2m
LXFR Luxfer Holdings
1x5.5%US$393.7m
STRC Sarcos Technology and Robotics
58.2x58.9%US$344.0m
MKFG Markforged Holding
3.9x27.5%US$380.1m
CIR CIRCOR International
0.4x1.2%US$274.5m

Price-To-Sales vs Peers: CIR is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (16x).


Price to Earnings Ratio vs Industry

How does CIR's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Sales vs Industry: CIR is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Machinery industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

What is CIR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: CIR is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


Share Price vs Fair Value

What is the Fair Price of CIR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIR ($13.48) is trading below our estimate of fair value ($35.65)

Significantly Below Fair Value: CIR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.2%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CIR's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if CIR's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if CIR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CIR's revenue (1.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CIR's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIR's Return on Equity is forecast to be high in 3 years time (30.1%)


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Past Performance

How has CIRCOR International performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-49.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CIR is currently unprofitable.

Growing Profit Margin: CIR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CIR is unprofitable, and losses have increased over the past 5 years at a rate of 49.2% 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 (9.4%).


Return on Equity

High ROE: CIR has a negative Return on Equity (-66.14%), as it is currently unprofitable.


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Financial Health

How is CIRCOR International's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CIR's short term assets ($404.5M) exceed its short term liabilities ($191.9M).

Long Term Liabilities: CIR's short term assets ($404.5M) do not cover its long term liabilities ($709.4M).


Debt to Equity History and Analysis

Debt Level: CIR's net debt to equity ratio (430.1%) is considered high.

Reducing Debt: CIR's debt to equity ratio has increased from 58.5% to 485.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CIR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CIR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CIR has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Tony Najjar (61 yo)

0.67yr

Tenure

US$975,762

Compensation

Mr. Tony S. Najjar serves as President and Chief Executive Officer at CIRCOR International, Inc. since August 10, 2022 and had been its Chief Operating Officer, Interim President and Chief Executive Office...


CEO Compensation Analysis

Tony Najjar's Compensation vs CIRCOR International Earnings
How has Tony Najjar's remuneration changed compared to CIRCOR International's earnings?
DateTotal Comp.SalaryCompany Earnings
Apr 03 2022n/an/a

-US$73m

Dec 31 2021US$976kUS$394k

-US$63m

Oct 03 2021n/an/a

-US$74m

Jul 04 2021n/an/a

-US$131m

Apr 04 2021n/an/a

-US$107m

Dec 31 2020US$925kUS$346k

-US$183m

Compensation vs Market: Tony's total compensation ($USD975.76K) is below average for companies of similar size in the US market ($USD1.68M).

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


Leadership Team

Experienced Management: CIR's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: CIR's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

NYSE:CIR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
21 Sep 22BuyUS$0GAMCO Investors, Inc.Company215,049US$20.05
21 Sep 22SellUS$33,444GAMCO Investors, Inc.Company25,750US$18.97
20 Sep 22BuyUS$33,075Teton Advisors, LLCCompany2,000US$16.85
02 Sep 22BuyUS$172,926Gabelli & Company Investment Advisers, Inc.Company10,650US$16.92
29 Aug 22BuyUS$73,000Gabelli Foundation Inc, Endowment ArmCompany4,000US$19.54
11 Aug 22BuyUS$1,184,428GAMCO Investors, Inc.Company219,784US$18.72
09 Aug 22BuyUS$324,962Gabelli & Company Investment Advisers, Inc.Company19,500US$17.07
09 Aug 22BuyUS$66,504Gabelli Foundation Inc, Endowment ArmCompany4,000US$17.65
09 Aug 22SellUS$15,550GAMCO Investors, Inc.Company19,300US$18.16
22 Jul 22BuyUS$31,052Teton Advisors, LLCCompany2,000US$15.53
11 Jul 22BuyUS$748,366GAMCO Investors, Inc.Company109,367US$20.20
06 Jul 22BuyUS$184,750Gabelli Foundation Inc, Endowment ArmCompany11,000US$19.70
29 Jun 22BuyUS$137,144Teton Advisors, LLCCompany8,000US$19.37
24 Jun 22BuyUS$39,607Gabelli & Company Investment Advisers, Inc.Company2,550US$15.54
21 Jun 22SellUS$0GAMCO Investors, Inc.Company14,000US$20.06
15 Mar 22BuyUS$1,061,469GAMCO Investors, Inc.Company95,900US$27.82
02 Mar 22BuyUS$502,553Gabelli & Company Investment Advisers, Inc.Company19,503US$27.49
09 Feb 22SellUS$0GAMCO Investors, Inc.Company9,416US$28.78
04 Feb 22BuyUS$155,920Gabelli Foundation Inc, Endowment ArmCompany6,000US$26.36
28 Jan 22BuyUS$519,536Teton Advisors, LLCCompany20,000US$26.85

Ownership Breakdown

What is the ownership structure of CIR?
Owner TypeNumber of SharesOwnership Percentage
General Public143,3160.7%
Individual Insiders341,6161.7%
Institutions19,876,69997.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 86.46% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.49%
BlackRock, Inc.
3,154,113$42.5m1.78%no data
13.9%
T. Rowe Price Group, Inc.
2,831,271$38.2m-0.17%no data
10.09%
GAMCO Investors, Inc.
2,053,736$27.7m23.98%0.13%
8.83%
The Vanguard Group, Inc.
1,797,708$24.2m-19.28%no data
6.5%
Segall Bryant & Hamill, LLC
1,323,695$17.8m1.37%0.22%
6%
Royce & Associates, LP
1,220,740$16.5m-0.72%0.17%
3.65%
Dimensional Fund Advisors LP
744,214$10.0m-6.11%no data
3.44%
State Street Global Advisors, Inc.
700,997$9.4m1.8%no data
2.91%
Cardinal Capital Management, L.L.C.
592,304$8.0m-36.41%0.28%
1.87%
Leeward Investments, LLC
379,968$5.1m-2.17%0.25%
1.66%
Geode Capital Management, LLC
337,004$4.5m1.09%no data
1.19%
Columbia Management Investment Advisers, LLC
241,808$3.3m0.02%no data
1.15%
Millennium Management LLC
233,644$3.1m2620.27%no data
1.11%
Frontier Capital Management Co LLC
225,103$3.0m-23.61%0.03%
1.06%
Rothschild & Co Asset Management US Inc.
216,729$2.9m-39.68%0.05%
0.97%
Northern Trust Global Investments
198,060$2.7m-3.58%no data
0.92%
Kennedy Capital Management, Inc.
186,820$2.5m24.68%0.08%
0.9%
BNY Mellon Asset Management
184,245$2.5m-0.08%no data
0.76%
Victory Capital Management Inc.
155,385$2.1m-25.51%no data
0.76%
Meros Investment Management, LP
154,634$2.1m0.27%2.23%
0.69%
Charles Schwab Investment Management, Inc.
139,588$1.9m-1.4%no data
0.68%
Invenomic Capital Management, LP
139,104$1.9m0%0.32%
0.65%
Acuitas Investments, LLC
133,340$1.8m0%1.05%
0.64%
Citadel Advisors LLC
130,680$1.8m127.9%no data
0.64%
First Eagle Investment Management, LLC
129,433$1.7m69.4%no data

Company Information

CIRCOR International, Inc.'s 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
  • Implied Market Cap: US$274.475m
  • Shares outstanding: 20.36m
  • Website: https://www.circor.com

Number of Employees


Location

  • CIRCOR International, Inc.
  • 30 Corporate Drive
  • Suite 200
  • Burlington
  • Massachusetts
  • 01803-4238
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/04/03
Annual Earnings2021/12/31


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.