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PNL

PostNL ENXTAM:PNL Stock Report

Last Price

€2.87

Market Cap

€1.5b

7D

-1.9%

1Y

-37.1%

Updated

01 Jul, 2022

Data

Company Financials +
PNL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends2/6

PNL Stock Overview

PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and internationally.

PostNL Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PostNL
Historical stock prices
Current Share Price€2.87
52 Week High€4.78
52 Week Low€2.63
Beta1.39
1 Month Change-7.71%
3 Month Change-15.42%
1 Year Change-37.11%
3 Year Change78.79%
5 Year Change-29.75%
Change since IPO-85.25%

Recent News & Updates

May 26
An Intrinsic Calculation For PostNL N.V. (AMS:PNL) Suggests It's 29% Undervalued

An Intrinsic Calculation For PostNL N.V. (AMS:PNL) Suggests It's 29% Undervalued

How far off is PostNL N.V. ( AMS:PNL ) from its intrinsic value? Using the most recent financial data, we'll take a...

Shareholder Returns

PNLNL LogisticsNL Market
7D-1.9%-1.4%-1.6%
1Y-37.1%-34.6%-20.4%

Return vs Industry: PNL underperformed the Dutch Logistics industry which returned -34.4% over the past year.

Return vs Market: PNL underperformed the Dutch Market which returned -19.4% over the past year.

Price Volatility

Is PNL's price volatile compared to industry and market?
PNL volatility
PNL Average Weekly Movement6.6%
Logistics Industry Average Movement5.3%
Market Average Movement5.1%
10% most volatile stocks in NL Market7.9%
10% least volatile stocks in NL Market3.1%

Stable Share Price: PNL is more volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PNL's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Dutch stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a35,721Herna Verhagenhttps://www.postnl.nl

PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and internationally. The company operates in two segments, Parcels, Mail in the Netherlands; and PostNL Other. It collects, sorts, transports, and delivers letters and parcels; and offers data and document management, direct marketing, and fulfillment services, as well as cross-border mail solutions.

PostNL Fundamentals Summary

How do PostNL's earnings and revenue compare to its market cap?
PNL fundamental statistics
Market Cap€1.48b
Earnings (TTM)€132.00m
Revenue (TTM)€3.31b

11.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PNL income statement (TTM)
Revenue€3.31b
Cost of Revenue€2.85b
Gross Profit€460.00m
Other Expenses€328.00m
Earnings€132.00m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

Aug 08, 2022

Earnings per share (EPS)0.26
Gross Margin13.90%
Net Profit Margin3.99%
Debt/Equity Ratio160.5%

How did PNL perform over the long term?

See historical performance and comparison

Dividends

14.6%

Current Dividend Yield

162%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PNL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNL?

Other financial metrics that can be useful for relative valuation.

PNL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA6.6x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does PNL's PE Ratio compare to its peers?

PNL PE Ratio vs Peers
The above table shows the PE ratio for PNL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.1x
INPST InPost
28.2x31.6%€2.8b
IDL ID Logistics Group
44.9x26.1%€1.5b
ARMX Aramex PJSC
29.6x21.1%د.إ5.6b
POST Österreichische Post
13.8x5.2%€1.9b
PNL PostNL
11.2x4.5%€1.5b

Price-To-Earnings vs Peers: PNL is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (29.1x).


Price to Earnings Ratio vs Industry

How does PNL's PE Ratio compare vs other companies in the European Logistics Industry?

Price-To-Earnings vs Industry: PNL is good value based on its Price-To-Earnings Ratio (11.2x) compared to the European Logistics industry average (12.2x)


Price to Earnings Ratio vs Fair Ratio

What is PNL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PNL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PNL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PNL (€2.87) is trading below our estimate of fair value (€4.81)

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


Price to Earnings Growth Ratio

PEG Ratio: PNL is poor value based on its PEG Ratio (2.5x)


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Future Growth

How is PostNL forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNL's forecast earnings growth (4.5% per year) is above the savings rate (0.1%).

Earnings vs Market: PNL's earnings (4.5% per year) are forecast to grow faster than the Dutch market (3% per year).

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

Revenue vs Market: PNL's revenue (2.8% per year) is forecast to grow slower than the Dutch market (6.8% per year).

High Growth Revenue: PNL's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PNL's Return on Equity is forecast to be very high in 3 years time (51.6%).


Discover growth companies

Past Performance

How has PostNL performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PNL has high quality earnings.

Growing Profit Margin: PNL's current net profit margins (4%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: PNL's earnings have grown by 6.4% per year over the past 5 years.

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

Earnings vs Industry: PNL had negative earnings growth (-59.4%) over the past year, making it difficult to compare to the Logistics industry average (33.1%).


Return on Equity

High ROE: Whilst PNL's Return on Equity (30.37%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is PostNL's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PNL's short term assets (€1.3B) exceed its short term liabilities (€903.0M).

Long Term Liabilities: PNL's short term assets (€1.3B) exceed its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: PNL has more cash than its total debt.

Reducing Debt: PNL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: PNL's debt is well covered by operating cash flow (54.6%).

Interest Coverage: PNL's interest payments on its debt are well covered by EBIT (13.9x coverage).


Balance Sheet


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Dividend

What is PostNL current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


14.61%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PNL's dividend (14.61%) is higher than the bottom 25% of dividend payers in the Dutch market (2.31%).

High Dividend: PNL's dividend (14.61%) is in the top 25% of dividend payers in the Dutch market (6.5%)


Stability and Growth of Payments

Stable Dividend: PNL's dividend payments have been volatile in the past 10 years.

Growing Dividend: PNL's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (162.1%), PNL's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (92.9%), PNL's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.2yrs

Average management tenure


CEO

Herna Verhagen (56 yo)

11.08yrs

Tenure

€1,237,076

Compensation

Ms. Hendrika W. P. M. A. Verhagen, also known as Herna, serves as Member of Supervisory Board at Koninklijke Philips N.V. since May 10, 2022. She has been the Chief Executive Officer of PostNL N.V. since A...


CEO Compensation Analysis

Compensation vs Market: Herna's total compensation ($USD1.29M) is about average for companies of similar size in the Dutch market ($USD1.31M).

Compensation vs Earnings: Herna's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PNL's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: PNL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

PostNL N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: PostNL N.V.
  • Ticker: PNL
  • Exchange: ENXTAM
  • Founded: NaN
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: €1.475b
  • Shares outstanding: 513.25m
  • Website: https://www.postnl.nl

Number of Employees


Location

  • PostNL N.V.
  • Prinses Beatrixlaan 23
  • The Hague
  • Zuid-Holland
  • 2595 AK
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/04/02
Annual Earnings2021/12/31


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.