ENXTBR:BPOST

Stock Analysis Report

Executive Summary

bpost SA/NV, together with its subsidiaries, provides mail and parcel services in Belgium and internationally.

Snowflake

Fundamentals

Good value with mediocre balance sheet.


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


Market Performance


7 Day Return

2.8%

ENXTBR:BPOST

-0.5%

BE Logistics

-1.1%

BE Market


1 Year Return

-31.3%

ENXTBR:BPOST

-9.7%

BE Logistics

-5.2%

BE Market

BPOST underperformed the Logistics industry which returned -9.7% over the past year.

BPOST underperformed the Market in Belgium which returned -5.2% over the past year.


Share holder returns

BPOSTIndustryMarket
7 Day2.8%-0.5%-1.1%
30 Day12.3%-2.9%1.4%
90 Day-6.3%-2.4%4.8%
1 Year-23.4%-31.3%-6.2%-9.7%-3.1%-5.2%
3 Year-52.2%-60.6%6.7%-3.8%-4.5%-11.3%
5 Year-34.9%-50.7%15.0%-1.1%22.4%7.6%

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 based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

bpost's share price is below the future cash flow value, and at a moderate discount (> 20%).

bpost's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

bpost is good value based on earnings compared to the Europe Logistics industry average.

bpost is good value based on earnings compared to the Belgium market.


Price Based on Expected Growth

bpost is poor value based on expected growth next year.


Price Based on Value of Assets

bpost is overvalued based on assets compared to the Europe Logistics industry average.


Next Steps

Future Growth

How is bpost expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

bpost's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).

bpost's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).

bpost's revenue growth is positive but not above the Belgium market average.

bpost's earnings growth is positive but not above the Belgium market average.

bpost's earnings growth is expected to exceed the low risk savings rate of 0.8%.


Earnings per Share Growth Estimates


Future Return on Equity

bpost is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has bpost performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

bpost's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

bpost's 1-year earnings growth is negative, it can't be compared to the 5-year average.

bpost's 1-year earnings growth is negative, it can't be compared to the Europe Logistics industry average.


Return on Equity

Whilst bpost has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

bpost used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.


Return on Capital Employed

bpost's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is bpost's financial position?


Financial Position Analysis

bpost is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

bpost's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

bpost's level of debt (131.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (10.5% vs 131.8% today).

Debt is well covered by operating cash flow (36.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.3x debt.


Next Steps

Dividend

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

9.26%

Expected Dividend Yield


Dividend Yield and Payments Analysis

bpost's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.26%).

bpost's dividend is above the markets top 25% of dividend payers in Belgium (4.76%).

bpost has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

bpost has only been paying a dividend for 6 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

What is the CEO of bpost's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Koen Van Gerven (60yo)

5.5yrs

Tenure

€902,124

Compensation

Mr. Koen Van Gerven has been the Chief Executive Officer of bpost SA/NV (formerly bpost NV-SA) since February 26, 2014 and is responsible for Residential Market and Mass Channels, ICT. Mr. Van Gerven serve ...


CEO Compensation Analysis

Koen's remuneration is about average for companies of similar size in Belgium.

Koen's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.9yrs

Average Tenure

60yo

Average Age

The tenure for the bpost management team is about average.


Board Age and Tenure

2.3yrs

Average Tenure

62yo

Average Age

The average tenure for the bpost board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Dirk Tirez

    Chief Legal Officer & Group Company Secretary

    • Tenure: 11.8yrs
  • Pierre Winand

    Director of Parcels & Logistics - North America

    • Tenure: 1.3yrs
  • Koen Van Gerven (60yo)

    CEO & Director

    • Tenure: 5.5yrs
    • Compensation: €902.12k
  • Mark Michiels

    Chief of Human Resources & Organisation

    • Tenure: 3.9yrs
  • Leen Geirnaerdt (45yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Nico Cools (63yo)

    Chief IT & Digital Officer

    • Tenure: 0.0yrs

Board Members

  • Thomas Hübner (61yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: €32.83k
  • François Cornelis (69yo)

    Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: €55.26k
  • Ray Stewart (70yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: €36.29k
  • Laurent Levaux (63yo)

    Director

    • Tenure: 0.3yrs
    • Compensation: €12.05k
  • Koen Van Gerven (60yo)

    CEO & Director

    • Tenure: 5.5yrs
    • Compensation: €902.12k
  • Mike Stone (59yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: €38.00k
  • Philly Teixeira

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: €34.53k
  • Caroline Ven

    Director

    • Tenure: 0.3yrs
    • Compensation: €13.78k
  • Bernadette Lambrechts

    Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: €31.10k
  • Jos Donvil

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: €22.46k

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: €1.832b
  • Shares outstanding: 200.00m
  • Website: https://www.post.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 and internationally. The company operates in two segments, Mail & Retail Solutions, and Parcels & Logistics. Its ma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 21:38
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.