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Poste Italiane

DB:7PI
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7PI
DB
€13B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Poste Italiane SpA provides postal, logistics, and financial and insurance products and services in Italy. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
7PI Share Price and Events
7 Day Returns
-0.7%
DB:7PI
-0.5%
DE Insurance
-0.3%
DE Market
1 Year Returns
23.2%
DB:7PI
20.9%
DE Insurance
-6.7%
DE Market
7PI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Poste Italiane (7PI) -0.7% 4.6% 1.6% 23.2% 54.3% -
DE Insurance -0.5% 3.9% 3.4% 20.9% 61.4% 63.4%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • 7PI outperformed the Insurance industry which returned 20.9% over the past year.
  • 7PI outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
7PI
Industry
5yr Volatility vs Market

Value

 Is Poste Italiane undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Poste Italiane to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Poste Italiane.

DB:7PI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= €7.03 * 12.8%
€0.90
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. €7.03
Discount Rate (Cost of Equity) See below 18.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:7PI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 24%) (601.44%))
2.89
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 9.02%)
18.27%

Discounted Cash Flow Calculation for DB:7PI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Poste Italiane is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:7PI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.8% – 18.27%) * €7.03)
€-0.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.39 / (18.27% - 0.23%)
€-2.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €7.03 + €-2.14
€4.9
DB:7PI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7PI represents 0.99896x of BIT:PST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99896x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.90 x 0.99896
€4.89
Value per share (EUR) From above. €4.89
Current discount Discount to share price of €9.58
= -1 x (€9.58 - €4.89) / €4.89
-95.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Poste Italiane is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Poste Italiane's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Poste Italiane's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7PI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.04
BIT:PST Share Price ** BIT (2019-07-17) in EUR €9.59
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.58x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Poste Italiane.

DB:7PI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:PST Share Price ÷ EPS (both in EUR)

= 9.59 ÷ 1.04

9.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Poste Italiane is good value based on earnings compared to the DE Insurance industry average.
  • Poste Italiane is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Poste Italiane's expected growth come at a high price?
Raw Data
DB:7PI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
4.3%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.11x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:7PI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.25x ÷ 4.3%

2.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Poste Italiane is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Poste Italiane's assets?
Raw Data
DB:7PI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €6.06
BIT:PST Share Price * BIT (2019-07-17) in EUR €9.59
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.08x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:7PI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:PST Share Price ÷ Book Value per Share (both in EUR)

= 9.59 ÷ 6.06

1.58x

* Primary Listing of Poste Italiane.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Poste Italiane is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Poste Italiane's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Poste Italiane has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Poste Italiane expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Poste Italiane expected to grow at an attractive rate?
  • Poste Italiane's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Poste Italiane's earnings growth is positive but not above the Germany market average.
  • Poste Italiane's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7PI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7PI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 4.3%
DB:7PI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -8.5%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7PI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7PI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 11,152 1,299 4
2021-12-31 10,949 1,823 1,193 8
2020-12-31 10,890 5,802 1,119 8
2019-12-31 10,833 8,553 1,067 6
DB:7PI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 31,077 -206 1,353
2018-12-31 29,574 2,597 1,399
2018-09-30 29,416 -1,384 1,021
2018-06-30 30,706 -338 914
2018-03-31 32,555 275 823
2017-12-31 33,391 -709 689
2017-09-30 33,696 3,768 539
2017-06-30 33,504 3,030 567
2017-03-31 32,808 2,160 606
2016-12-31 33,012 2,258 622
2016-09-30 32,345 2,212 737
2016-06-30 32,262 2,483 682

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Poste Italiane's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Poste Italiane's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7PI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Poste Italiane Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7PI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.01 1.09 0.92 2.00
2021-12-31 0.91 1.01 0.82 7.00
2020-12-31 0.85 0.95 0.77 9.00
2019-12-31 0.82 0.84 0.80 8.00
DB:7PI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.04
2018-12-31 1.07
2018-09-30 0.78
2018-06-30 0.70
2018-03-31 0.63
2017-12-31 0.53
2017-09-30 0.41
2017-06-30 0.43
2017-03-31 0.46
2016-12-31 0.48
2016-09-30 0.57
2016-06-30 0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Poste Italiane is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Poste Italiane's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Poste Italiane has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Poste Italiane performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Poste Italiane's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Poste Italiane's year on year earnings growth rate has been positive over the past 5 years.
  • Poste Italiane's 1-year earnings growth exceeds its 5-year average (64.4% vs 15%)
  • Poste Italiane's earnings growth has exceeded the DE Insurance industry average in the past year (64.4% vs 9.4%).
Earnings and Revenue History
Poste Italiane's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Poste Italiane Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7PI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 31,077.00 1,353.00 334.00
2018-12-31 29,574.00 1,399.00 334.00
2018-09-30 29,416.00 1,021.00 335.00
2018-06-30 30,706.00 914.00 335.00
2018-03-31 32,555.00 823.00 375.00
2017-12-31 33,391.00 689.00 375.00
2017-09-30 33,696.00 539.00 166.00
2017-06-30 33,504.00 567.00 166.00
2017-03-31 32,808.00 606.00 336.00
2016-12-31 33,012.00 622.00 336.00
2016-09-30 32,345.00 737.00 402.00
2016-06-30 32,262.00 682.00 402.00
2016-03-31 31,876.00 608.00 271.00
2015-12-31 30,659.00 552.00 359.00
2015-09-30 29,791.00 501.00 214.00
2015-06-30 29,420.00 425.00 214.00
2015-03-31 29,459.50 412.00 433.50
2014-12-31 28,391.00 212.00 374.00
2014-09-30 29,060.59 654.29 323.93
2014-06-30 28,058.18 864.57 360.85
2014-03-31 27,086.59 934.79 145.43
2013-12-31 26,103.00 1,005.00 160.00
2013-09-30 25,198.28 991.92 184.26
2013-06-30 24,289.33 979.81 208.53
2013-03-31 24,107.11 1,006.15 193.76
2012-12-31 23,927.00 1,032.00 179.00
2012-09-30 23,275.92 916.79 179.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Poste Italiane has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Poste Italiane used its assets less efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Poste Italiane has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Poste Italiane's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Poste Italiane has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Poste Italiane's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Poste Italiane's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Poste Italiane's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Poste Italiane's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Poste Italiane's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Poste Italiane Company Filings, last reported 3 months ago.

DB:7PI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,876.00 73,974.00 30,489.00
2018-12-31 8,105.00 66,929.00 17,903.00
2018-09-30 7,300.00 65,849.00 24,328.00
2018-06-30 7,595.00 66,654.00 23,912.00
2018-03-31 9,627.00 65,848.00 25,331.00
2017-12-31 7,550.00 63,243.00 13,685.00
2017-09-30 7,738.00 64,925.00 24,027.00
2017-06-30 7,307.00 64,508.00 14,604.00
2017-03-31 7,305.00 62,570.00 24,162.00
2016-12-31 8,134.00 60,913.00 16,841.00
2016-09-30 9,027.00 63,389.00 14,831.00
2016-06-30 8,658.00 63,105.00 15,281.00
2016-03-31 9,637.00 59,454.00 29,359.00
2015-12-31 9,658.00 57,468.00 17,856.00
2015-09-30 9,137.00 54,416.00 15,894.00
2015-06-30 8,223.00 55,411.00 13,925.00
2015-03-31 8,418.00 55,359.00 17,858.00
2014-12-31 8,418.00 55,345.00 17,858.00
2014-09-30
2014-06-30 7,765.43 53,289.40 17,617.99
2014-03-31 7,765.43 53,289.40 17,617.99
2013-12-31 7,116.00 51,755.00 9,311.00
2013-09-30 7,116.00 51,755.00 9,311.00
2013-06-30 5,771.70 50,724.81 8,844.27
2013-03-31 5,771.70 50,724.81 8,844.27
2012-12-31 5,651.00 51,146.00 13,117.00
2012-09-30 5,650.53 51,144.94 13,117.12
  • Poste Italiane's level of debt (939.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (686.5% vs 939.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Poste Italiane earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Poste Italiane's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Poste Italiane has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.6%
Current annual income from Poste Italiane dividends. Estimated to be 5.38% next year.
If you bought €2,000 of Poste Italiane shares you are expected to receive €92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Poste Italiane's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Poste Italiane's dividend is above the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7PI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7PI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.61 4.00
2021-12-31 0.55 9.00
2020-12-31 0.49 11.00
2019-12-31 0.46 7.00
DB:7PI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.441 4.779
2019-03-19 0.441 4.988
2018-04-20 0.420 5.828
2018-03-29 0.420 5.508
2017-04-04 0.390 6.158
2017-03-15 0.390 6.161
2016-04-15 0.340 5.454
2016-03-22 0.340 5.207

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Poste Italiane has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Poste Italiane only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Poste Italiane's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Poste Italiane's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Poste Italiane afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Poste Italiane has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matteo Del Fante
AGE 52
TENURE AS CEO 2.3 years
CEO Bio

Dr. Matteo Del Fante has been Chief Executive Officer, General Manager and Director at Poste Italiane SpA since April 27, 2017. He has been Chief Executive Officer, Managing Director and Director at Poste Vita SpA. since July 26, 2017. Mr. del Fante served as the Chief Executive Officer of CDP Investimenti SGR SpA at the Cassa Depositi e Prestiti Group since March 2009. Mr. del Fante served as the Chief Executive Officer and General Director of TERNA - Rete Elettrica Nazionale Società per Azioni since May 30, 2014. He served as the Chief Financial Officer of Cassa Depositi e Prestiti SPA since 2003. He served for 13 years at JPMorgan Chase and worked with large European clients on strategic and financial operations. He began his management career at JPMorgan in 1991 holding positions of increasing responsibility: from 1999 to 2003, as Managing Director in London, he managed significant financial and strategic operations in Europe. Mr. del Fante served as a Director of TERNA - Rete Elettrica Nazionale Società per Azioni (TERNA - Trasmissione Elettricita Rete Nazionale SpA) since April 28, 2008. He served as a Director of the Galaxy Infrastructure Fund since September 2006, he served as a Director at the SINLOC consulting company since May 2007. He serves as Vice Chairman of the Supervisory Board at ST Holding. He served as a Member of the Supervisory Board at STMicroelectronics NV from February 2005 to May 14, 2008. Mr. del Fante obtained his Degree in Economics and Finance from University Bocconi in Milan in 1992 and followed graduate specialization courses at New York University Stern Business School.

CEO Compensation
  • Insufficient data for Matteo to compare compensation growth.
  • Insufficient data for Matteo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Poste Italiane management team in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the Poste Italiane management team is about average.
Management Team

Matteo Del Fante

TITLE
CEO, GM & Director
AGE
52
TENURE
2.3 yrs

Guido Nola

TITLE
Chief Financial Officer
AGE
47
TENURE
0.9 yrs

Antonio Nervi

TITLE
Head of Investment Governance
AGE
65
TENURE
4.7 yrs

Giuseppe Cannizzaro

TITLE
Head of Legal and Corporate Affairs

Massimo Rosini

TITLE
Head of the Mail Communications & Logistics Department
AGE
57
TENURE
3.3 yrs

Paolo Bruschi

TITLE
Vice GM-HR & Organization
AGE
64
TENURE
3.1 yrs

Manlio Caporali

TITLE
Head of Purchasing
AGE
67
TENURE
12.5 yrs

Paolo Casati

TITLE
Head of Internal Audit & Member of Supervisory Board
AGE
51

Anna Sassano

TITLE
Head of Digital Architecture & Services - Public Administration
AGE
65
TENURE
4.4 yrs

Giuseppe Dallona

TITLE
Head of Information Technology Systems
AGE
57
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the Poste Italiane board of directors in years:

2.3
Average Tenure
52
Average Age
  • The average tenure for the Poste Italiane board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nadia Fontana

TITLE
Chairman of Supervisory Board
COMPENSATION
€26K
TENURE
3.2 yrs

Farina Flour

TITLE
Chairwoman
AGE
78
TENURE
2.3 yrs

Matteo Del Fante

TITLE
CEO, GM & Director
AGE
52
TENURE
2.3 yrs

Paolo Casati

TITLE
Head of Internal Audit & Member of Supervisory Board
AGE
51

Roberto Rao

TITLE
Director
COMPENSATION
€53K
AGE
51
TENURE
5.2 yrs

Mauro Lonardo

TITLE
Chairman of the Board of Statutory Auditors
AGE
50
TENURE
3.2 yrs

Carlo Cerami

TITLE
Director
AGE
54
TENURE
2.3 yrs

Antonella Guglielmetti

TITLE
Director
TENURE
2.3 yrs

Francesca Isgrò

TITLE
Director
TENURE
2.3 yrs

Giovanni Azzone

TITLE
Director
AGE
57
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Poste Italiane's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Poste Italiane has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Poste Italiane SpA provides postal, logistics, and financial and insurance products and services in Italy. It operates through four segments: Mail, Parcels and Distribution; Payments, Mobile and Digital; Financial Services; and Insurance Services. The Mail, Parcels and Distribution segment offers letter post, express delivery, logistics, parcels, and philately services. As of December 31, 2018, it operated a network of 12,812 post offices in Italy. The Payments, Mobile and Digital segment provides payment services, card payments, and mobile telecommunications services, as well as digital services for the public sector. The Financial Services segment engages in the collection of various forms of savings deposits; provision of payment and foreign currency exchange services, as well as investment services; and promotion and arrangement of loans issued by banks and other authorized financial institutions. The Insurance Services segment offers life and non-life insurance products. Poste Italiane SpA is based in Rome, Italy.

Details
Name: Poste Italiane SpA
7PI
Exchange: DB
Founded:
€12,520,370,460
1,306,110,000
Website: http://www.posteitaliane.it
Address: Poste Italiane SpA
Viale Europa, 190,
Rome,
Rome, 00144,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT PST Ordinary Shares Borsa Italiana IT EUR 27. Oct 2015
DB 7PI Ordinary Shares Deutsche Boerse AG DE EUR 27. Oct 2015
LSE 0RC2 Ordinary Shares London Stock Exchange GB EUR 27. Oct 2015
WBAG PST Ordinary Shares Wiener Boerse AG AT EUR 27. Oct 2015
BATS-CHIXE PSTM Ordinary Shares BATS 'Chi-X Europe' GB EUR 27. Oct 2015
Number of employees
Current staff
Staff numbers
130,898
Poste Italiane employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 22:09
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.