ENXTBR:BPOST

Stock Analysis Report

Executive Summary

bpost SA/NV, together with its subsidiaries, provides mail and parcel services in Belgium, rest of Europe, the United States, and internationally.


Snowflake Analysis

Very undervalued with reasonable growth potential.


Similar Companies

Share Price & News

How has bpost's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BPOST's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

BPOST

-0.05%

BE Logistics

-1.4%

BE Market


1 Year Return

-40.6%

BPOST

-13.8%

BE Logistics

-28.3%

BE Market

Return vs Industry: BPOST underperformed the Belgian Logistics industry which returned -11.2% over the past year.

Return vs Market: BPOST underperformed the Belgian Market which returned -28.1% over the past year.


Shareholder returns

BPOSTIndustryMarket
7 Day-0.5%-0.05%-1.4%
30 Day-14.3%-11.2%-16.8%
90 Day-40.7%-24.2%-29.6%
1 Year-36.9%-40.6%-11.1%-13.8%-26.9%-28.3%
3 Year-65.8%-71.9%-3.2%-12.2%-32.4%-36.9%
5 Year-70.2%-77.6%6.5%-9.3%-34.5%-42.1%

Price Volatility Vs. Market

How volatile is bpost's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is bpost undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BPOST (€6.16) is trading below our estimate of fair value (€14)

Significantly Below Fair Value: BPOST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BPOST is good value based on its PE Ratio (8x) compared to the Logistics industry average (11.6x).

PE vs Market: BPOST is good value based on its PE Ratio (8x) compared to the Belgian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: BPOST is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: BPOST is good value based on its PB Ratio (1.8x) compared to the XE Logistics industry average (1.8x).


Next Steps

Future Growth

How is bpost forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPOST's forecast earnings growth (12.3% per year) is above the savings rate (0.7%).

Earnings vs Market: BPOST's earnings (12.3% per year) are forecast to grow faster than the Belgian market (5.8% per year).

High Growth Earnings: BPOST's earnings are forecast to grow, but not significantly.

Revenue vs Market: BPOST's revenue (2% per year) is forecast to grow faster than the Belgian market (1.7% per year).

High Growth Revenue: BPOST's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BPOST's Return on Equity is forecast to be high in 3 years time (27.4%)


Next Steps

Past Performance

How has bpost performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPOST has high quality earnings.

Growing Profit Margin: BPOST's current net profit margins (4.1%) are lower than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: BPOST's earnings have declined by -6% per year over the past 5 years.

Accelerating Growth: BPOST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BPOST had negative earnings growth (-41.8%) over the past year, making it difficult to compare to the Logistics industry average (14.4%).


Return on Equity

High ROE: Whilst BPOST's Return on Equity (22.66%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is bpost's financial position?


Financial Position Analysis

Short Term Liabilities: BPOST's short term assets (€1.4B) do not cover its short term liabilities (€1.5B).

Long Term Liabilities: BPOST's short term assets (€1.4B) do not cover its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: BPOST's debt to equity ratio (146.6%) is considered high.

Reducing Debt: BPOST's debt to equity ratio has increased from 10.7% to 146.6% over the past 5 years.

Debt Coverage: BPOST's debt is well covered by operating cash flow (42.4%).

Interest Coverage: BPOST's interest payments on its debt are well covered by EBIT (9.1x coverage).


Balance Sheet

Inventory Level: BPOST has a high level of physical assets or inventory.

Debt Coverage by Assets: BPOST's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is bpost's current dividend yield, its reliability and sustainability?

11.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPOST's dividend (11.85%) is higher than the bottom 25% of dividend payers in the Belgian market (2.74%).

High Dividend: BPOST's dividend (11.85%) is in the top 25% of dividend payers in the Belgian market (6.54%)


Stability and Growth of Payments

Stable Dividend: BPOST has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BPOST has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.7%), BPOST's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BPOST's dividends in 3 years are forecast to be covered by earnings (64.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Jean-Paul Van Avermaet

0.17

Tenure

Mr. Jean-Paul Van Avermaet serves as Chief Executive Officer at bpost SA/NV since February 2020 and also serves as its Director since March 2020. His professional career developed quickly in the hotel, res ...


Leadership Team

NamePositionTenureCompensationOwnership
Jean-Paul Van Avermaet
CEO & Director0.17yrno datano data
Leen Geirnaerdt
Chief Financial Officer0.92yrno datano data
Saskia Dheedene
Head of Investor Relationsno datano datano data
Dirk Tirez
Chief Legal Officer & Group Company Secretary12.5yrsno datano data
Mark Michiels
Chief of Human Resources & Organisation4.58yrsno datano data
Nico Cools
Chief IT & Digital Officerno datano datano data

2.8yrs

Average Tenure

Experienced Management: BPOST's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean-Paul Van Avermaet
CEO & Director0.17yrno datano data
François Cornelis
Independent Chairman of the Board2.92yrs€58.16kno data
Ray Stewart
Independent Director5.58yrs€38.82kno data
Laurent Levaux
Non-Executive Director0.92yr€19.45kno data
Michael Stone
Independent Director5.58yrs€38.82kno data
Filomena Teixeira
Independent Director2.92yrs€42.32kno data
Caroline Ven
Non-Executive Director0.92yr€22.98kno data
Bernadette Lambrechts
Non-Executive Director6.08yrs€35.28kno data
Jos Donvil
Non-Executive Director2.92yrs€29.98kno data
Saskia Van Uffelen
Independent Director2.92yrs€49.39kno data

2.9yrs

Average Tenure

63yo

Average Age

Experienced Board: BPOST's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

bpost SA/NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: bpost SA/NV
  • Ticker: BPOST
  • Exchange: ENXTBR
  • Founded:
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: €1.232b
  • Shares outstanding: 200.00m
  • Website: https://www.bpost.be

Number of Employees


Location

  • bpost SA/NV
  • Place de la Monnaie
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPOSTENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJun 2013
13BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2013
0QF5LSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2013
BPOS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2013
BPOSTBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2013
BPOSWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 2013
BPOSTSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJun 2013
BPOST NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 2013
BPOS.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2013

Biography

bpost SA/NV, together with its subsidiaries, provides mail and parcel services in Belgium, rest of Europe, the United States, and internationally. The company operates through Mail & Retail Solutions, and Parcels & Logistics segments. Its mail and parcels services include collection, transport, sorting, and distribution of addressed and non-addressed mail, printed documents, newspapers, and parcels, as well as e-commerce logistics, express delivery, proximity and convenience, document management, and related services. The company also offers transactional mails, advertising mails, press, domestic and international parcels, logistic solutions, value-added services, international mails, banking and financial products, insurance, and distribution products. It serves private and public customers. The company is headquartered in Brussels, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 01:41
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.