Cirsa Enterprises CIRSA.MC
SpainConsumer Cyclical · Resorts & CasinosBolsa de Madrid (BME) · EUR
21.45 EUR (+20.9%)
8 analysts
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Cirsa Enterprises is a global casino and gaming operator, with a strong presence in Spain and Latin America, generating revenue from the operation of slot machines, physical casinos, and sports betting.
Listed on Bolsa de Madrid (BME) · Symbol CIRSA.MC · BME: CIRSA · Currency EUR
Key points
from its scores- ✓Good share-price trend8.8
- ✓Attractive valuation8.3
- ✓Strong growth7.9
- ✕Unfavourable risk and backdrop2.8
- !Balance sheet could be stronger5.2
AI analysis
bottom line, main risk, context and newsThe combination of attractive valuation (forward P/E 9.21) and high return on equity (ROE 25.86%) offers a margin of safety, although regulatory and governance risk in Spain justifies not overweighting.
Cirsa shows solid financial health (ND/EBITDA 2.76) and exceptional quality (ROE 25.86%, gross margin 80.79%), with 48.80% earnings growth that the market values at a forward P/E of only 9.21, positioning it as a value opportunity with sustainable quality.
The main risk is regulatory: changes in gambling legislation in Spain or its Latin American markets could directly impact its licenses and margins, a risk not reflected in its solid financial metrics.
Context and risks
Cirsa operates in the casino and gaming sector, a cash-intensive business highly sensitive to regulation. Its domicile in Spain, with a history of regulatory changes in gaming and governance perceived as weak for minority investors, adds a jurisdictional risk premium not captured by financial metrics.
Is Cirsa Enterprises stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Consumer Cyclical median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 24.6 | 17.8 | +38% |
| EV / EBITDA | 7.3 | 11.2 | −35% |
| Price / book | 3.9 | 2.9 | +36% |
| Price / sales | 1.2 | 1.3 | −3% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.3 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 21.45 EUR, +20.9% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 24.6
- Forward P/E
- 9.2
- EV / EBITDA
- 7.3
- Price / book
- 3.9
- Price / sales
- 1.2
- PEG
- 0.26
- Market cap
- 3.0B EUR
- Enterprise value
- 5.0B EUR
Profitability
- ROE
- 25.9%
- ROA
- 6.6%
- ROIC (approx.)
- 13.2%
- Gross margin
- 80.8%
- Operating margin
- 16.0%
- Net margin
- 4.7%
- Free cash flow
- 359.3M EUR
- FCF yield
- 12.1%
- Cash conversion
- 53%
Solvency
- Total debt
- 2.2B EUR
- Net debt
- 1.9B EUR
- Cash
- 325.7M EUR
- EBITDA
- 681.6M EUR
- Net debt / EBITDA
- 2.76
- Debt / equity
- 253.99
- Current ratio
- 0.80
- Quick ratio
- 0.71
Growth
- Revenue growth
- +10.1%
- Earnings growth
- +48.8%
- EPS (TTM)
- 0.72 EUR
- EPS (forward)
- 1.93 EUR
Dividend
- Dividend yield
- 2.5%
- Payout
- 62.3%
Risk and market
- Analyst consensus
- Buy (8)
- Target price
- 21.45 EUR
- 52-week range
- 12.12 – 20.00
Recent news
All CIRSA.MC news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Cirsa Enterprises
Is Cirsa Enterprises stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Consumer Cyclical median (within 15%). Valuation score: 8.3 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 21.45 EUR, +20.9% versus the price. This is not investment advice.
What score does Cirsa Enterprises get on MeridIAn Screener?
It scores 6.8 out of 10, rank 312 of 2,130 (better than 83% of the companies analysed). Its strongest category is Momentum (8.8) and its weakest, Risk & Context (2.8). Analysis of 08/10/2026.
What is Cirsa Enterprises's P/E ratio?
Its P/E is 24.6: the share price equals 24.6 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 9.2.
How much is Cirsa Enterprises worth on the stock market?
Its market capitalisation is 3.0B EUR and its enterprise value, debt included, is 5.0B EUR.
How much debt does Cirsa Enterprises have?
Its net debt (debt minus cash) is 1.9B EUR. That is 2.76 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Cirsa Enterprises pay a dividend?
Yes: its dividend yield is 2.54% and it pays out 62% of its earnings.
How has Cirsa Enterprises stock performed over the last year?
It has risen 23.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 12.12 and 20.00 EUR. Past performance does not guarantee future results.
What do analysts think of Cirsa Enterprises?
8 analysts cover it; their average recommendation is “Buy” and their average target is 21.45 EUR (+20.9% versus the price). It is an estimate, not market data.