Added to YB: 2025-09-25
Pitch date: 2025-08-08
CIRSA.MC [bullish]
Cirsa Enterprises, S.A.
-10.57%
current return
Author Info
No bio for this author
Company Info
Cirsa Enterprises, S.A. is a gaming company, together with its subsidiaries, engages in the operation of slot machines, casinos, and gaming halls in Spain, Italy, Panama, Colombia, Mexico, Costa Rica, Morocco, Dominican Republic, and Peru.
Market Cap
EUR 2.4B
Pitch Price
EUR 15.61
Price Target
28.00 (+101%)
Dividend
N/A
EV/EBITDA
7.16
P/E
24.54
EV/Sales
2.05
Sector
Hotels, Restaurants and Leisure
Category
value
Cirsa Enterprises, S.A. - $CIRSA.MC
CIRSA.MC: Spanish gambling operator IPO'd at low 12x 2025E EPS vs peers at 15x+. Market leader in Spain/Latam casinos & slots, 30%+ EBITDA margins, 40% ROCE. Targets M/HSD growth (2/3 organic via 'Gold Mine' casino expansion + online shift, 1/3 M&A). Blackstone 78% stake, sold nothing at IPO. €28 price target (~15x P/E). Risks: political/FX in Latam, online lagging peers.
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