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Market Cap

€14.0b

Last Updated

2021/05/05 18:36 UTC

Data Sources

Company Financials +

Executive Summary

Poste Italiane SpA provides postal, logistics, and financial and insurance products and services in Italy. More Details


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PST is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PST's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.5%

PST

1.7%

IT Insurance

1.4%

IT Market


1 Year Return

49.3%

PST

35.4%

IT Insurance

35.8%

IT Market

Return vs Industry: PST exceeded the Italian Insurance industry which returned 31.3% over the past year.

Return vs Market: PST exceeded the Italian Market which returned 32.8% over the past year.


Shareholder returns

PSTIndustryMarket
7 Day0.5%1.7%1.4%
30 Day0.5%0.6%0.06%
90 Day21.7%14.3%7.7%
1 Year58.0%49.3%41.8%35.4%39.6%35.8%
3 Year61.2%35.3%31.0%12.1%6.1%-4.1%
5 Year121.6%66.2%85.9%41.8%25.5%1.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PST (€10.97) is trading below our estimate of fair value (€14.26)

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


Price To Earnings Ratio

PE vs Industry: PST is poor value based on its PE Ratio (11.8x) compared to the IT Insurance industry average (10.3x).

PE vs Market: PST is good value based on its PE Ratio (11.8x) compared to the Italian market (21.7x).


Price to Earnings Growth Ratio

PEG Ratio: PST is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: PST is overvalued based on its PB Ratio (1.2x) compared to the IT Insurance industry average (0.9x).


Future Growth

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

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PST's forecast earnings growth (6.5% per year) is above the savings rate (1.8%).

Earnings vs Market: PST's earnings (6.5% per year) are forecast to grow slower than the Italian market (18.9% per year).

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

Revenue vs Market: PST's revenue is expected to decline over the next 3 years (-31% per year).

High Growth Revenue: PST's revenue is forecast to decline over the next 3 years (-31% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PST's Return on Equity is forecast to be low in 3 years time (11.8%).


Past Performance

How has Poste Italiane performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PST has a large one-off loss of €651.0M impacting its December 31 2020 financial results.

Growing Profit Margin: PST's current net profit margins (4%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: PST's earnings have grown by 18.7% per year over the past 5 years.

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

Earnings vs Industry: PST had negative earnings growth (-10%) over the past year, making it difficult to compare to the Insurance industry average (-4.1%).


Return on Equity

High ROE: PST's Return on Equity (10.5%) is considered low.


Financial Health

How is Poste Italiane's financial position?


Financial Position Analysis

Short Term Liabilities: PST's short term assets (€44.7B) do not cover its short term liabilities (€84.2B).

Long Term Liabilities: PST's short term assets (€44.7B) do not cover its long term liabilities (€176.6B).


Debt to Equity History and Analysis

Debt Level: PST's debt to equity ratio (842.5%) is considered high.

Reducing Debt: PST's debt to equity ratio has increased from 595.5% to 842.5% over the past 5 years.

Debt Coverage: PST's debt is not well covered by operating cash flow (2%).

Interest Coverage: PST's interest payments on its debt are well covered by EBIT (113.9x coverage).


Balance Sheet


Dividend

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

4.43%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 07 2021Ex Dividend DateJun 21 2021Dividend Pay DateJun 23 20212 days from Ex DividendBuy in the next 44 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PST's dividend (4.43%) is higher than the bottom 25% of dividend payers in the Italian market (1.33%).

High Dividend: PST's dividend (4.43%) is in the top 25% of dividend payers in the Italian market (3.91%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PST has been paying a dividend for less than 10 years.

Growing Dividend: PST's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.4%), PST's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PST's dividends in 3 years are forecast to be covered by earnings (55.5% payout ratio).


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Matteo Del Fante (53 yo)

4.08yrs

Tenure

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 ...


Leadership Team

Experienced Management: PST's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: PST's board of directors are considered experienced (3 years average tenure).


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

Poste Italiane SpA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Poste Italiane SpA
  • Ticker: PST
  • Exchange: BIT
  • Founded: 1862
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: €14.010b
  • Shares outstanding: 1.30b
  • Website: https://www.posteitaliane.it

Number of Employees


Location

  • Poste Italiane SpA
  • Viale Europa, 190
  • Rome
  • Rome
  • 144
  • Italy

Listings


Biography

Poste Italiane SpA provides postal, logistics, and financial and insurance products and services in Italy. It operates in four segments: Mail, Parcels and Distribution; Payments, Mobile and Digital; Financ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 18:36
End of Day Share Price2021/05/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.