Poste Italiane S.p.A.

WBAG:PST Stock Report

Market Cap: €17.1b

Poste Italiane Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PST (€13.24) is trading above our estimate of fair value (€11.75)

Significantly Below Fair Value: PST is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As PST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PST. This is calculated by dividing PST's market cap by their current earnings.
What is PST's PE Ratio?
PE Ratio8.6x
Earnings€1.99b
Market Cap€17.12b

Price to Earnings Ratio vs Peers

How does PST's PE Ratio compare to its peers?

The above table shows the PE ratio for PST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.8x
VIG Vienna Insurance Group
6.6x8.6%€3.7b
POW Power Corporation of Canada
13.3x9.1%CA$30.3b
PRU Prudential
24.7x28.2%UK£17.3b
SLHN Swiss Life Holding
18.7x3.1%CHF 20.2b
PST Poste Italiane
8.6x4.0%€17.1b

Price-To-Earnings vs Peers: PST is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does PST's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
PST 8.6xIndustry Avg. 11.8xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PST is good value based on its Price-To-Earnings Ratio (8.6x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

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

PST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio6.1x

Price-To-Earnings vs Fair Ratio: PST is expensive based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (6.1x).

Analyst Price Targets

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

The above table shows the analyst PST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.24
€14.13
+6.7%
5.9%€15.50€12.20n/a15
Nov ’25€13.06
€14.05
+7.6%
5.6%€15.50€12.20n/a15
Oct ’25€12.56
€14.04
+11.8%
6.9%€15.50€11.90n/a16
Sep ’25€12.59
€14.04
+11.5%
6.9%€15.50€11.90n/a16
Aug ’25€12.16
€13.91
+14.4%
7.5%€15.50€11.90n/a16
Jul ’25€12.23
€13.73
+12.3%
7.8%€15.50€11.20n/a16
Jun ’25€12.66
€13.55
+7.0%
7.4%€14.80€11.20n/a15
May ’25€11.91
€13.07
+9.8%
8.6%€14.50€11.10n/a15
Apr ’25€11.62
€12.83
+10.5%
8.3%€14.50€11.10n/a15
Mar ’25€10.93
€11.78
+7.8%
11.1%€14.20€9.50n/a14
Feb ’25€10.05
€11.54
+14.9%
11.6%€14.20€9.10n/a14
Jan ’25€10.30
€11.54
+12.1%
11.6%€14.20€9.10n/a14
Dec ’24€9.88
€11.55
+17.0%
11.6%€14.20€9.10n/a14
Nov ’24€9.34
€11.51
+23.2%
10.9%€13.60€9.10€13.0614
Oct ’24€9.96
€11.86
+19.1%
9.3%€13.80€9.50€12.5614
Sep ’24€10.30
€11.82
+14.8%
9.5%€13.80€9.50€12.5914
Aug ’24€10.40
€11.79
+13.3%
9.8%€13.80€9.50€12.1614
Jul ’24€9.91
€11.45
+15.6%
11.3%€13.80€9.20€12.2314
Jun ’24€9.77
€11.41
+16.9%
11.1%€13.80€9.20€12.6614
May ’24€9.55
€11.71
+22.7%
12.4%€14.80€9.20€11.9114
Apr ’24€9.39
€11.83
+25.9%
12.2%€14.80€9.20€11.6214
Mar ’24€10.04
€11.82
+17.8%
12.5%€14.80€9.10€10.9314
Feb ’24€9.82
€11.81
+20.2%
12.6%€14.80€9.10€10.0514
Jan ’24€9.19
€12.02
+30.7%
11.1%€14.80€9.70€10.3013
Dec ’23€9.38
€11.99
+27.9%
11.6%€14.80€9.20€9.8813
Nov ’23€8.83
€12.00
+36.0%
12.7%€14.80€8.70€9.3413

Analyst Forecast: Target price is less than 20% higher than the current share price.

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