Executive Summary
Poste Italiane SpA provides postal, logistics, and financial and insurance products and services in Italy.
Snowflake
Fundamentals
Proven track record second-rate dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.1%
PST
2.3%
IT Insurance
0.8%
IT Market
1 Year Return
59.4%
PST
38.3%
IT Insurance
17.3%
IT Market
Return vs Industry: PST exceeded the Italian Insurance industry which returned 38.3% over the past year.
Return vs Market: PST exceeded the Italian Market which returned 17.3% over the past year.
Shareholder returns
| PST | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 2.3% | 0.8% |
| 30 Day | 3.7% | 5.5% | 5.2% |
| 90 Day | 17.8% | 17.9% | 11.9% |
| 1 Year | 67.1%59.4% | 45.8%38.3% | 22.7%17.3% |
| 3 Year | 116.2%83.1% | 93.2%63.9% | 37.7%17.7% |
| 5 Year | n/a | 54.6%18.5% | 28.3%-21.5% |
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
3 weeks ago | Simply Wall St
Here's How We Evaluate Poste Italiane SpA's (BIT:PST) Dividend1 month ago | Simply Wall St
Should You Investigate Poste Italiane SpA (BIT:PST) At €10.06?3 months ago | Simply Wall St
Why Poste Italiane SpA (BIT:PST) Looks Like A Quality CompanyValuation
Is Poste Italiane undervalued compared to its fair value and its price relative to the market?
10.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PST (€10.97) is trading above our estimate of fair value (€9.15)
Significantly Below Fair Value: PST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PST is good value based on its PE Ratio (10x) compared to the Insurance industry average (11.2x).
PE vs Market: PST is good value based on its PE Ratio (10x) compared to the Italian market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: PST is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: PST is overvalued based on its PB Ratio (1.4x) compared to the IT Insurance industry average (1.2x).
Next Steps
Future Growth
How is Poste Italiane forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
3.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PST's forecast earnings growth (3% per year) is above the savings rate (2.9%).
Earnings vs Market: PST's earnings (3% per year) are forecast to grow slower than the Italian market (8.8% 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 (-7.4% per year).
High Growth Revenue: PST's revenue is forecast to decline over the next 3 years (-7.4% 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 (10.9%).
Next Steps
Past Performance
How has Poste Italiane performed over the past 5 years?
25.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PST has large one-off items impacting its financial results.
Growing Profit Margin: PST's current net profit margins (4.4%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: PST's earnings have grown significantly by 25.9% per year over the past 5 years.
Accelerating Growth: PST's earnings growth over the past year (39.7%) exceeds its 5-year average (25.9% per year).
Earnings vs Industry: PST earnings growth over the past year (39.7%) exceeded the Insurance industry 9.2%.
Return on Equity
High ROE: PST's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Poste Italiane's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: PST has a low level of unsold assets or inventory.
Debt Coverage by Assets: PST's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: PST's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if PST has a sufficient allowance for bad loans.
Low Risk Liabilities: PST reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PST has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PST has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PST has an appropriate level of bad loans.
Next Steps
Dividend
What is Poste Italiane's current dividend yield, its reliability and sustainability?
2.81%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Poste Italiane before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PST's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Italian market (1.98%).
High Dividend: PST's dividend (2.81%) is low compared to the top 25% of dividend payers in the Italian market (4.37%).
Stability and Growth of Payments
Stable Dividend: PST has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PST has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.3%), 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 (56.3% payout ratio).
Next Steps
Management
What is the CEO of Poste Italiane's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Matteo Del Fante (52yo)
2.6yrs
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 ...
Management Age and Tenure
4.2yrs
Average Tenure
57yo
Average Age
Experienced Management: PST's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
2.6yrs
Average Tenure
54yo
Average Age
Experienced Board: PST's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Massimo Rosini (57yo)
Head of the Mail Communications & Logistics Department
- Tenure: 3.6yrs
Matteo Del Fante (52yo)
CEO, GM & Director
- Tenure: 2.6yrs
Manlio Caporali (67yo)
Head of Purchasing
- Tenure: 12.8yrs
Antonio Nervi (65yo)
Head of Investment Governance
- Tenure: 5yrs
Guido Nola (47yo)
Chief Financial Officer
- Tenure: 1.3yrs
Paolo Casati (51yo)
Head of Internal Audit & Member of Supervisory Board
- Tenure: 0yrs
Paolo Bruschi (64yo)
Vice GM-HR & Organization
- Tenure: 3.4yrs
Giuseppe Cannizzaro
Head of Legal and Corporate Affairs
- Tenure: 0yrs
Anna Sassano (65yo)
Head of Digital Architecture & Services - Public Administration
- Tenure: 4.8yrs
Giuseppe Dallona (57yo)
Head of Information Technology Systems
- Tenure: 4.8yrs
Board Members
Matteo Del Fante (52yo)
CEO, GM & Director
- Tenure: 2.6yrs
Mauro Lonardo (50yo)
Chairman of the Board of Statutory Auditors
- Tenure: 3.5yrs
Carlo Cerami (54yo)
Director
- Tenure: 2.6yrs
Farina Flour (78yo)
Chairwoman
- Tenure: 2.6yrs
Roberto Rao (51yo)
Director
- Tenure: 5.5yrs
- Compensation: €52.80k
Giovanni Azzone (57yo)
Director
- Tenure: 3.5yrs
Mimi Kung (54yo)
Director
- Tenure: 3.5yrs
Antonella Guglielmetti
Director
- Tenure: 2.6yrs
Francesca Isgrò
Director
- Tenure: 2.6yrs
Roberto Rossi
Director
- Tenure: 2.6yrs
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:
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: €14.270b
- Shares outstanding: 1.30b
- Website: https://www.posteitaliane.it
Number of Employees
Location
- Poste Italiane SpA
- Viale Europa, 190
- Rome
- Rome
- 144
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PST | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Oct 2015 |
| 7PI | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2015 |
| PSTM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 2015 |
| 0RC2 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 2015 |
| PST | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Oct 2015 |
Biography
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; F ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 21:37 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.