Poste Italiane
Poste Italiane SpA provides postal, logistics, and financial and insurance products and services in Italy. The last earnings update was 6 days ago. More info.
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PST Share Price and Events
7 Day Returns
1 Year Returns
PST Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Poste Italiane (PST) | -0.1% | -3.8% | 18.6% | 19% | 34% | - |
| IT Insurance | -1.7% | -4.8% | 9.2% | 10.3% | 34.7% | -6.4% |
| IT Market | -0.4% | -5.7% | 0.7% | -10% | -6.4% | -37.4% |
1 Year Return vs Industry and Market
- PST outperformed the Insurance industry which returned 10.3% over the past year.
- PST outperformed the Market in Italy which returned -10% over the past year.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Poste Italiane.
| 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 = €7.08 * 13% |
€0.92 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 7 analysts. | €7.08 |
| Discount Rate (Cost of Equity) | See below | 21% |
| Perpetual Growth Rate | 10-Year IT Government Bond Rate | 2.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IT Govt Bond Rate | 2.9% |
| Equity Risk Premium | S&P Global | 9% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 24%) (629.28%)) |
3.14 |
| 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)
= 2.93% + (2 * 9.02%) |
20.97% |
Discounted Cash Flow Calculation for BIT:PST 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (13% – 20.97%) * €7.08) |
€-0.57 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= €-0.57 / (20.97% - 2.93%) |
€-3.14 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= €7.08 + €-3.14 |
€3.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €3.94 |
| Current discount | Discount to share price of
€9.16
= -1 x (€9.16 - €3.94) / €3.94 |
-132.6% |
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.
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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €1.04 |
| BIT:PST Share Price ** | BIT (2019-05-21) in EUR | €9.16 |
| Italy Insurance Industry PE Ratio | Median Figure of 7 Publicly-Listed Insurance Companies | 8.78x |
| Italy Market PE Ratio | Median Figure of 240 Publicly-Listed Companies | 15.46x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Poste Italiane.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BIT:PST Share Price ÷ EPS (both in EUR) = 9.16 ÷ 1.04 |
8.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Poste Italiane is overvalued based on earnings compared to the IT Insurance industry average.
- Poste Italiane is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does
Poste Italiane's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.84x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
4.3%per year |
| Italy Insurance Industry PEG Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 1.08x |
| Italy Market PEG Ratio | Median Figure of 158 Publicly-Listed Companies | 1.39x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.84x ÷ 4.3% |
2.04x |
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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €6.06 |
| BIT:PST Share Price * | BIT (2019-05-21) in EUR | €9.16 |
| Italy Insurance Industry PB Ratio | Median Figure of 7 Publicly-Listed Insurance Companies | 1.08x |
| Italy Market PB Ratio | Median Figure of 320 Publicly-Listed Companies | 1.43x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BIT:PST Share Price ÷ Book Value per Share (both in EUR) = 9.16 ÷ 6.06 |
1.51x |
* 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 IT Insurance industry average.
Value checks
We assess Poste Italiane's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Poste Italiane has a total score of 1/6, 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
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!
Earnings growth vs Low Risk Savings
- Poste Italiane's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
- Poste Italiane's earnings growth is positive but not above the Italy market average.
- Poste Italiane's revenues are expected to decrease over the next 1-3 years, this is below the Italy market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| BIT:PST Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | 4.3% |
| BIT:PST Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | -8.5% |
| Italy Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 3% |
| Italy Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | -2.5% |
| Italy Market Earnings Growth Rate | Market Cap Weighted Average | 9.9% |
| Italy Market Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 11,152 | 1,299 | 4 | |
| 2021-12-31 | 10,963 | 1,823 | 1,203 | 7 |
| 2020-12-31 | 10,901 | 1,848 | 1,114 | 8 |
| 2019-12-31 | 10,823 | 1,732 | 1,075 | 6 |
| 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.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 | 0.92 | 1.02 | 0.82 | 6.00 |
| 2020-12-31 | 0.85 | 0.96 | 0.77 | 9.00 |
| 2019-12-31 | 0.82 | 0.84 | 0.80 | 8.00 |
| 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.
Future performance checks
We assess Poste Italiane's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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 not exceeded the IT Insurance industry average in the past year (64.4% vs 64.4%).
Earnings and Revenue History
All data from Poste Italiane Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 | |
| 2012-06-30 | 22,626.96 | 801.08 | 180.76 |
*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 IT 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).
Past performance checks
We assess Poste Italiane's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Poste Italiane has a total score of 3/6, 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.
- 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
Assets
Liabilities and shares
- 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.
All data from Poste Italiane Company Filings, last reported 1 month ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 7,876.00 | 75,303.00 | 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 | 66,655.00 | 23,912.00 |
| 2018-03-31 | 9,627.00 | 65,848.00 | 25,331.00 |
| 2017-12-31 | 7,550.00 | 63,244.00 | 13,685.00 |
| 2017-09-30 | 7,738.00 | 64,925.00 | 24,027.00 |
| 2017-06-30 | 7,307.00 | 64,515.00 | 14,604.00 |
| 2017-03-31 | 7,305.00 | 62,570.00 | 24,162.00 |
| 2016-12-31 | 8,134.00 | 60,921.00 | 16,841.00 |
| 2016-09-30 | 9,027.00 | 63,397.00 | 14,831.00 |
| 2016-06-30 | 8,658.00 | 63,115.00 | 15,281.00 |
| 2016-03-31 | 9,637.00 | 59,454.00 | 29,359.00 |
| 2015-12-31 | 9,658.00 | 57,478.00 | 17,856.00 |
| 2015-09-30 | 9,137.00 | 54,426.00 | 15,894.00 |
| 2015-06-30 | 8,223.00 | 55,424.00 | 13,925.00 |
| 2015-03-31 | 8,418.00 | 55,359.00 | 17,858.00 |
| 2014-12-31 | 8,418.00 | 55,359.00 | 17,858.00 |
| 2014-09-30 | |||
| 2014-06-30 | 7,765.43 | 53,309.07 | 17,617.99 |
| 2014-03-31 | 7,765.43 | 53,309.07 | 17,617.99 |
| 2013-12-31 | 7,116.00 | 51,770.00 | 9,311.00 |
| 2013-09-30 | 7,116.00 | 51,770.00 | 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 | 51,160.00 | 13,117.00 |
| 2012-09-30 | 5,650.53 | 51,158.49 | 13,117.12 |
| 2012-06-30 | 3,371.77 | 50,027.21 | 9,564.13 |
- Poste Italiane's level of debt (956.1%) 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 956.1% 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.
Financial health checks
We assess Poste Italiane's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Poste Italiane has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Poste Italiane
shares you are expected to receive
€96
in your first year as a dividend.
Dividend Amount
- Poste Italiane's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.11%).
- Poste Italiane's dividend is above the markets top 25% of dividend payers in Italy (4.47%).
Upcoming dividend payment
Purchase Poste Italiane before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 |
| Italy Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 5.4% |
| Italy Market Average Dividend Yield | Market Cap Weighted Average of 186 Stocks | 4.3% |
| Italy Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Italy Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Italy Top 25% Dividend Yield | 75th Percentile | 4.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 0.61 | 4.00 |
| 2021-12-31 | 0.55 | 8.00 |
| 2020-12-31 | 0.49 | 11.00 |
| 2019-12-31 | 0.46 | 6.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-24 | 0.441 | 4.787 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Poste Italiane's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| AGE | 51 |
| TENURE AS CEO | 2.1 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 Italy.
Management Team Tenure
Average tenure and age of the Poste Italiane management team in years:
- The tenure for the Poste Italiane management team is about average.
Management Team
Matteo Del Fante
CEO, GM & Director
51
2.1 yrs
Guido Nola
Chief Financial Officer
46
0.8 yrs
Antonio Nervi
Head of Investment Governance
64
4.5 yrs
Giuseppe Cannizzaro
Head of Legal and Corporate Affairs
Massimo Rosini
Head of the Mail Communications & Logistics Department
56
3.1 yrs
Paolo Bruschi
Vice GM-HR & Organization
63
2.9 yrs
Manlio Caporali
Head of Purchasing
66
12.3 yrs
Paolo Casati
Head of Internal Audit & Member of Supervisory Board
50
Anna Sassano
Head of Digital Architecture & Services - Public Administration
64
4.3 yrs
Giuseppe Dallona
Head of Information Technology Systems
56
4.3 yrs
Board of Directors Tenure
Average tenure and age of the Poste Italiane board of directors in years:
- The average tenure for the Poste Italiane board of directors is less than 3 years, this suggests a new board.
Board of Directors
Farina Flour
Chairwoman
77
2.1 yrs
Matteo Del Fante
CEO, GM & Director
51
2.1 yrs
Roberto Rao
Director
€53K
50
5 yrs
Mauro Lonardo
Chairman of the Board of Statutory Auditors
49
3 yrs
Carlo Cerami
Director
53
2.1 yrs
Antonella Guglielmetti
Director
2.1 yrs
Francesca Isgrò
Director
2.1 yrs
Giovanni Azzone
Director
56
3 yrs
Mimi Kung
Director
53
3 yrs
Roberto Rossi
Director
2.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Poste Italiane's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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
What Should We Expect From Poste Italiane SpA's (BIT:PST) Earnings In The Next Couple Of Years?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings update Poste Italiane SpA (BIT:PST) released in December 2018a
Simply Wall St - – Full articleIf You Had Bought Poste Italiane (BIT:PST) Stock Three Years Ago, You Could Pocket A 39% Gain Today
Just take a look at Poste Italiane SpA (BIT:PST), which is up 39%, over three years, soundly beating the market return of -6.5% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, Poste Italiane achieved compound earnings per share growth of 36% per year.
Simply Wall St - – Full articleDo Institutions Own Shares In Poste Italiane SpA (BIT:PST)?
If you want to know who really controls Poste Italiane SpA (BIT:PST), then you'll have to look at the makeup of its share registry. … With a market capitalization of €11b, Poste Italiane is rather large. … Companies of this size are usually well known to retail investors, too.
Simply Wall St - – Full articleWhy Poste Italiane SpA (BIT:PST) Could Be Worth Watching
As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, what if the stock is still a bargain?
Simply Wall St - – Full articleIs Poste Italiane SpA's (BIT:PST) ROE Of 14% Impressive?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Poste Italiane has a return on equity of 14% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Poste Italiane SpA (BIT:PST) An Attractive Dividend Stock?
Poste Italiane SpA (BIT:PST) has recently paid dividends to shareholders, and currently yields 5.8%. … Let's take a look at Poste Italiane in more detail. … See our latest analysis for Poste Italiane?
Simply Wall St - – Full articleDo Directors Own Poste Italiane SpA (BIT:PST) Shares?
If you want to know who really controls Poste Italiane SpA (BIT:PST), then you'll have to look at the makeup of its share registry. … We'd expect to see institutional investors on the register. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWhy Poste Italiane SpA (BIT:PST) Could Be Worth Watching
Poste Italiane SpA (BIT:PST), which is in the insurance business, and is based in Italy,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Poste Italiane’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleWhat Are Analysts Saying About Poste Italiane SpA's (BIT:PST) Growth?
As Poste Italiane SpA (BIT:PST) released its latest earnings announcement on 30 September 2018, … as a -6.7% fall in profits is expected in the upcoming year
Simply Wall St - – Full articleIs Poste Italiane SpA's (BIT:PST) 12% ROE Strong Compared To Its Industry?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Poste Italiane has a ROE of 12%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany 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 |
| PST | |
| Exchange: | BIT |
| Founded: | |
| €11,966,579,820 | |
| 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
Industry
| Life and Health Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/21 22:30 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| 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.
