CIR SpA - Compagnie Industriali Riunite (CIR) AI Stock Analysis

• Market Cap: €599.10M
• Dividend Yield: N/A
• Average Volume (3M): 684.52K
• Price to Earnings (P/E): 21.6
• Beta (1Y): 0.60
• Revenue Growth: -13.42%
• EPS Growth: N/A
• Country: IT
• Employees: 15,450
• Sector: General
• Sector Strength: N/A
• Industry: Auto - Parts
• EPS (TTM): N/A
• Shares Outstanding: 916,059,940
• 10 Day Avg. Volume: 916,896
• 30 Day Avg. Volume: 684,523
• PEG Ratio: -0.30
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 5.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €0.80
• Price Target Upside: 23.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: €0.68 ▲(4.15% Upside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is held back primarily by volatile revenue/profitability and elevated leverage despite consistently positive free cash flow. Technical indicators are currently bearish (below key moving averages with negative MACD), while valuation appears only moderate (P/E 21.63) without a dividend yield to offset risk.

Positive Factors

Cash Generation

Consistent positive operating cash flow and recurring free cash flow provide a durable internal funding source. This strengthens the group's ability to fund operations, service debt, and support subsidiary investment or selective buybacks even when earnings and revenues fluctuate.

Diversified Holding Model

A holding structure spanning media, auto-parts and healthcare creates diversification of cash flows and sector exposure. This reduces single-market risk, allows cross-cycle smoothing of earnings, and gives management flexibility in capital allocation across different industry cycles.

Operational Profitability

Sustained mid‑teens EBITDA margins across operations indicate underlying operational efficiency and pricing or scale advantages at subsidiary level. That base of operating profitability supports long-term cash generation even when net income is volatile due to non‑operating items.

Negative Factors

Elevated Leverage

Leverage materially above equity reduces financial flexibility and increases interest burden. In a cyclical auto‑parts environment and with volatile earnings, elevated debt amplifies downside risk, constraining investment, acquisitions, and resilience to prolonged industry downturns.

Revenue Volatility

Large year‑over‑year revenue swings undermine predictability of cash flows and strategic planning. Persistent top‑line volatility makes forecasting harder, complicates fixed‑cost absorption, and weakens the reliability of subsidiary distributions that fund the holding company.

Earnings Quality & Margin Compression

Sharp net margin compression and mixed earnings quality signal susceptibility to one‑off items, cost pressures, or lower pricing power. This erodes retained earnings available to reduce leverage or invest, and increases the risk that operating cash flow may not fully offset balance‑sheet weakness in tougher years.

CIR SpA - Compagnie Industriali Riunite Business Overview & Revenue Model

Company Description

CIR S.p.A. - Compagnie Industriali Riunite, through its subsidiaries, primarily operates in the automotive components and healthcare sectors in Italy, other European countries, North America, South America, Asia, and internationally. The company develops, produces, and sells suspension components, including coil springs, stabilizer bars, torsion bars, stabilinkers, leaf springs, and track adjusters for cars, light and heavy commercial vehicles, earth-moving machines, and railway rolling stock manufacturers; and precision springs for automotive, electric solutions, lighting, trains, and construction sectors. It also offers oil, petrol, diesel fuel, and engine and cabin air filters for original equipment, replacement for original suppliers, and independent aftermarkets; and air and cooling systems, such as intake manifold systems, air induction systems, coolant pump modules, thermostat housing and ducts, and thermal management solutions. In addition, the company operates nursing homes, and functional and psychiatric rehabilitation units; and provides treatment for serious cerebral injuries and neurological pathologies, as well as trauma or chronic-degenerative muscular and skeletal pathologies. Further, it manages Ospedale Fratelli Montecchi di hospital in Suzzara, Italy; and Villa dei Pini care home in Civitanova Marche. The company offers healthcare services under the Anni Azzurri, Santo Stefano, Neomesia, and Charleston brands. CIR S.p.A. - Compagnie Industriali Riunite is based in Milan, Italy.

How the Company Makes Money

CIR makes money primarily through the operating results of its consolidated subsidiaries and the economic returns from its equity investments. Key revenue streams include: (1) Media (GEDI): revenues generated from advertising sales, circulation and subscriptions (print and digital), and other publishing-related activities; (2) Automotive components (Sogefi): revenues from selling automotive components (suspension, filtration, and air/cooling solutions) to automotive OEMs and, where applicable, aftermarket channels; (3) Healthcare (KOS): revenues from providing healthcare and eldercare services, including residential long-term care and rehabilitation services, typically funded through a mix of private-pay and public/insurance reimbursement depending on the service and geography. At the holding level, CIR’s cash generation is influenced by dividends and upstream distributions from subsidiaries (when paid), as well as any proceeds from acquisitions/divestments, financial income/expenses, and changes in value or realized gains from its investment portfolio. Specific material partnerships or customer concentrations are not available in the provided context; null.

CIR SpA - Compagnie Industriali Riunite Financial Statement Overview

Summary

Mixed fundamentals: cash flow is a relative strength (positive operating cash flow and free cash flow, with a rebound in 2025), but revenue and profitability are volatile (notably revenue down ~23% in 2025 and net margin compressing to ~1.6%). Balance-sheet leverage remains elevated (debt above equity), which constrains flexibility in a cyclical industry.

Income Statement

Revenue has been volatile, with declines in 2023 and 2025 (2025 revenue down ~23% year over year after a slight rise in 2024). Profitability is inconsistent: net margin swung from near-breakeven in 2022 to strong in 2024 (~7%), then compressed sharply in 2025 (~1.6%) despite EBITDA margin remaining mid-teens. Overall, the company shows an ability to generate operating profit, but earnings quality and margin stability are uneven.

Balance Sheet

Leverage remains elevated, with debt consistently exceeding equity (debt-to-equity roughly 1.3x–2.2x over the period), which limits flexibility in a cyclical auto-parts environment. Positively, leverage has improved versus 2020–2023 highs, and equity has been relatively stable. Returns to shareholders are also volatile (notably strong in 2024, then much lower in 2025), indicating inconsistent capital efficiency.

Cash Flow

Cash generation is a relative strength: operating cash flow has been consistently positive, and free cash flow is positive each year shown, with a meaningful rebound in 2025 (free cash flow up strongly year over year). However, cash conversion versus reported earnings is mixed, and operating cash flow coverage is not especially strong, suggesting cash generation may not fully offset balance-sheet leverage in weaker profit years.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.81B	1.80B	1.82B	1.79B	2.24B	1.96B
Gross Profit	923.83M	157.84M	1.19B	197.05M	954.49M	896.52M
EBITDA	189.39M	274.05M	310.95M	260.71M	296.13M	330.61M
Net Income	32.36M	28.43M	132.18M	32.79M	-257.00K	17.98M
Balance Sheet
Total Assets	2.71B	2.67B	2.76B	3.23B	3.31B	3.33B
Cash, Cash Equivalents and Short-Term Investments	396.18M	488.25M	430.34M	395.30M	477.85M	395.52M
Total Debt	1.09B	1.06B	1.13B	1.44B	1.50B	1.57B
Total Liabilities	1.64B	1.59B	1.69B	2.20B	2.30B	2.35B
Stockholders Equity	793.44M	799.65M	791.17M	753.62M	743.36M	740.39M
Cash Flow
Free Cash Flow	91.06M	111.50M	76.73M	111.57M	70.79M	94.94M
Operating Cash Flow	197.85M	226.59M	180.89M	213.57M	206.13M	207.29M
Investing Cash Flow	108.10M	-15.39M	-49.01M	-67.05M	-140.74M	-70.82M
Financing Cash Flow	-371.31M	-140.75M	-502.94M	-123.95M	-157.16M	-257.41M

CIR SpA - Compagnie Industriali Riunite Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CIR, the sentiment is Negative. The current price of 0.65 is below the 20-day moving average (MA) of 0.68, below the 50-day MA of 0.69, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.78 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:CIR.

CIR SpA - Compagnie Industriali Riunite Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FILA	72 Outperform	€408.05M	10.16	11.68%	8.29%	-11.91%	-61.21%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
CIR	51 Neutral	€599.10M	21.63	5.14%	―	-13.42%	―