Cirsa Enterprises runs gaming operations across Spain, Italy, Portugal and Latin America, with its core business in slot machines, electronic roulette and betting terminals placed in bars, casinos and its own gaming halls. The moat sits in licensing: regulated gaming permits in tightly controlled markets are hard to win and rarely handed back, which keeps competition thin in each territory. Revenue grew 10.1% in the most recent figures, with an 80.8% gross margin and a 16.1% operating margin, and return on equity of 25.9% shows the capital base is being used well. The forward P/E of 10.0 sits well below the trailing 23.8, which implies the market expects earnings to rise sharply from here, so the first question for a deeper look is whether that step-up is credible or a function of one-off items. It also has no index membership at its market cap of about 2.9B EUR, which could mean the stock is under-owned by institutions, though that is an inference to test rather than a fact.
Plain-English pros, cons, and what to watch. Pro feature.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 24 Oct 2026, 17:04 CEST | Fair value | €17.59 | €18.02 | €18.12 |
| 24 Oct 2026, 17:04 CEST | Rating | Fairly valued | first publication | €18.12 |
| 18 Oct 2026, 00:00 CEST | ACCE price target | €19.30 | first publication | €17.58 |
| 18 Oct 2026, 00:00 CEST | Fair value | €18.02 | first publication | €17.58 |
Answered from Cirsa Enterprises fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| CIRSA.MC Cirsa Enterprises | €18.12 | €18 | 3% above | 24.8x | 25.9% | 69 | 82 |
| VAC Marriott Vacations Worldwide Corporation Common Stock | $109.31 | - | - | - | -14.7% | 42 | 62 |
| HGV Hilton Grand Vacations Inc. Common Stock | $35.89 | $23 | 57% above | 21.1x | 11.5% | 38 | 41 |
| RRR Red Rock Resorts Inc. Class A Common Stock | $49.61 | $37 | 35% above | 17.5x | 108.9% | 94 | 50 |
| BYD Boyd Gaming Corporation Common Stock | $71.69 | $126 | 43% below | 3.1x | 93.1% | 83 | 52 |
| MTN Vail Resorts Inc. Common Stock | $146.57 | $97 | 51% above | 35.3x | 26.0% | 52 | 48 |
| PENN PENN Entertainment Inc. Common Stock | $14.50 | - | - | - | -37.6% | 26 | 40 |
Where CIRSA.MC ranks against its sector peers on each metric.