PostNL N.V.

ENXTAM:PNL Stock Report

Market Cap: €482.0m

PostNL Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Pim Berendsen

Chief executive officer

€1.2m

Total compensation

CEO salary percentage58.57%
CEO tenure8yrs
CEO ownership0.04%
Management average tenure5.2yrs
Board average tenure5yrs

Recent management updates

We Think PostNL N.V.'s (AMS:PNL) CEO Compensation Package Needs To Be Put Under A Microscope

Apr 08
We Think PostNL N.V.'s (AMS:PNL) CEO Compensation Package Needs To Be Put Under A Microscope

We Think Shareholders May Want To Consider A Review Of PostNL N.V.'s (AMS:PNL) CEO Compensation Package

Apr 10
We Think Shareholders May Want To Consider A Review Of PostNL N.V.'s (AMS:PNL) CEO Compensation Package

Recent updates

PNL: Fair Value View Will Persist As Discount Assumptions Slightly Adjust

Analysts have nudged their fair value estimate for PostNL slightly higher to €1.02 from about €1.01, aligning with a recent rise in the consensus price target to €0.85 from €0.80 as they factor in updated discount rate and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the higher fair value estimate of €1.02 and the raised price target of €0.85 suggest some renewed confidence in execution, even if expectations remain measured.

PNL: Fair Value View Will Persist As Discount Assumptions Slightly Soften

Analysts have nudged their PostNL price target up from €0.80 to €0.85, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E estimates. Analyst Commentary Bullish Takeaways Bullish analysts see the move to a €0.85 target as better aligning the valuation with their latest assumptions on discount rates, revenue, margins and future P/E levels.

PNL: Fair Value View Will Persist As Risk Profile Moderately Eases

Analysts have raised their price target for PostNL from €0.80 to €0.85, reflecting updated views on the stock's risk profile and earnings outlook, while maintaining a cautious overall stance. Analyst Commentary Analysts have adjusted their view on PostNL by setting a price target of €0.85, compared with the earlier figure of €0.80, while keeping an Underweight stance on the shares.

PNL: Fair Value Outlook Will Persist As Margin And P/E Assumptions Tighten

Analysts have slightly raised their price target on PostNL, with the average moving from around €0.80 to roughly €0.85. They attribute this change to updated assumptions for revenue growth, profit margins, discount rates and future P/E expectations.

PNL: Fair Value Will Stay Unchanged While Earnings Multiple Risk Persists

Analysts have trimmed their price target on PostNL to €1.01. The updated view is largely tied to a slightly lower discount rate and a small adjustment to the assumed future P/E multiple, while revenue growth and profit margin expectations are kept broadly unchanged.

PNL: Fair Value Will Remain Steady Amid Slightly Lower Perceived Risk

Narrative Update on PostNL Price Target Analysts have maintained their PostNL price target at €1.01, with only marginal tweaks to the discount rate and valuation inputs reflecting a slightly more constructive view on risk, while leaving the overall fair value assessment unchanged. Valuation Changes Fair Value: unchanged at €1.01 per share, indicating no revision to the central valuation outcome.

PNL: Fair Value Estimate Will Remain Stable Despite Slight Forecast Adjustments

Analysts have moderately lowered their price target for PostNL by €0.01, citing slight adjustments in growth and profitability forecasts as primary factors for the revision. What's in the News PostNL recently held an Analyst/Investor Day and provided updates on company strategy and performance (Key Developments).

E-commerce Expansion And Automation Will Boost Parcel Efficiency

Narrative Update on PostNL Price Target Analysts have maintained their price target for PostNL at €1.01 because minor adjustments in the discount rate and projected financial metrics did not warrant a change in valuation. What's in the News PostNL recently held an Analyst/Investor Day, providing updates to stakeholders on the company's performance and strategy (Key Developments).

E-commerce Expansion And Automation Will Boost Parcel Efficiency

Analysts have raised their price target for PostNL from €0.97 to €1.01, citing improved revenue growth expectations and a slightly reduced discount rate as key drivers for the update. What's in the News PostNL recently held an Analyst/Investor Day.

Is PostNL (AMS:PNL) Using Too Much Debt?

Jul 25
Is PostNL (AMS:PNL) Using Too Much Debt?

Market Participants Recognise PostNL N.V.'s (AMS:PNL) Earnings

May 07
Market Participants Recognise PostNL N.V.'s (AMS:PNL) Earnings

We Think PostNL N.V.'s (AMS:PNL) CEO Compensation Package Needs To Be Put Under A Microscope

Apr 08
We Think PostNL N.V.'s (AMS:PNL) CEO Compensation Package Needs To Be Put Under A Microscope

Some Investors May Be Willing To Look Past PostNL's (AMS:PNL) Soft Earnings

Mar 03
Some Investors May Be Willing To Look Past PostNL's (AMS:PNL) Soft Earnings
User avatar

International Expansion And Parcel Lockers Will Strengthen Future E-Commerce Operations

Strategic expansion in e-commerce and parcel lockers supports revenue growth, leveraging strong free cash flow for dividends and investor confidence.

PostNL N.V. (AMS:PNL) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Nov 07
PostNL N.V. (AMS:PNL) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

PostNL's (AMS:PNL) Earnings Offer More Than Meets The Eye

Aug 12
PostNL's (AMS:PNL) Earnings Offer More Than Meets The Eye

We Think Shareholders May Want To Consider A Review Of PostNL N.V.'s (AMS:PNL) CEO Compensation Package

Apr 10
We Think Shareholders May Want To Consider A Review Of PostNL N.V.'s (AMS:PNL) CEO Compensation Package

Is PostNL (AMS:PNL) A Risky Investment?

Feb 17
Is PostNL (AMS:PNL) A Risky Investment?

Estimating The Intrinsic Value Of PostNL N.V. (AMS:PNL)

Sep 23
Estimating The Intrinsic Value Of PostNL N.V. (AMS:PNL)

Is PostNL (AMS:PNL) Using Debt Sensibly?

Sep 02
Is PostNL (AMS:PNL) Using Debt Sensibly?

Why PostNL N.V. (AMS:PNL) Could Be Worth Watching

Jul 13
Why PostNL N.V. (AMS:PNL) Could Be Worth Watching

PostNL N.V. (AMS:PNL) Shares Could Be 41% Below Their Intrinsic Value Estimate

Jun 16
PostNL N.V. (AMS:PNL) Shares Could Be 41% Below Their Intrinsic Value Estimate

These 4 Measures Indicate That PostNL (AMS:PNL) Is Using Debt Extensively

Jan 26
These 4 Measures Indicate That PostNL (AMS:PNL) Is Using Debt Extensively

Is It Time To Consider Buying PostNL N.V. (AMS:PNL)?

Nov 09
Is It Time To Consider Buying PostNL N.V. (AMS:PNL)?

Is PostNL (AMS:PNL) A Risky Investment?

Oct 23
Is PostNL (AMS:PNL) A Risky Investment?

A Look At The Fair Value Of PostNL N.V. (AMS:PNL)

Sep 07
A Look At The Fair Value Of PostNL N.V. (AMS:PNL)

Should You Think About Buying PostNL N.V. (AMS:PNL) Now?

Aug 04
Should You Think About Buying PostNL N.V. (AMS:PNL) Now?

Does PostNL (AMS:PNL) Have A Healthy Balance Sheet?

Jul 20
Does PostNL (AMS:PNL) Have A Healthy Balance Sheet?

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

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

CEO Compensation Analysis

How has Pim Berendsen's remuneration changed compared to PostNL's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025€1m€697k

-€17m

Sep 27 2025n/an/a

-€16m

Jun 28 2025n/an/a

-€16m

Mar 29 2025n/an/a

€21m

Dec 31 2024€877k€551k

€18m

Sep 28 2024n/an/a

€18m

Jun 29 2024n/an/a

€30m

Mar 30 2024n/an/a

€31m

Dec 31 2023€1m€529k

€54m

Sep 30 2023n/an/a

-€974m

Jul 01 2023n/an/a

-€985m

Apr 01 2023n/an/a

-€995m

Dec 31 2022€782k€517k

-€982m

Oct 01 2022n/an/a

€59m

Jul 02 2022n/an/a

€92m

Apr 02 2022n/an/a

€132m

Dec 31 2021€952k€501k

€228m

Oct 02 2021n/an/a

€320m

Jul 03 2021n/an/a

€334m

Apr 03 2021n/an/a

€326m

Dec 31 2020€927k€487k

€213m

Sep 26 2020n/an/a

€75m

Jun 27 2020n/an/a

€65m

Mar 31 2020n/an/a

€52m

Dec 31 2019€831k€475k

€72m

Compensation vs Market: Pim's total compensation ($USD1.40M) is above average for companies of similar size in the Dutch market ($USD962.05K).

Compensation vs Earnings: Pim's compensation has increased whilst the company is unprofitable.

CEO

Pim Berendsen (52 yo)

8yrs
Tenure
€1,190,698
Compensation

Mr. Pim Berendsen is the Chief Executive Officer at PostNL N.V. since April 15, 2025. He had been Chief Financial Officer at PostNL N.V. (formerly known as TNT N.V.) since April 18, 2018 until April 15, 20...

Leadership Team

NamePositionTenureCompensationOwnership
Pim Berendsen
CEO & Member of the Management Board8yrs€1.19m0.043%
€ 208.4k
Hendrika W. P. M. Verhagen
Chairman of the Management Board14.9yrs€1.09m0.096%
€ 461.1k
Linde Jansen
Chief Financial Officer1yr€714.04kno data
Willem-Jan Tongeren
Chief Information Officer1.6yrsno datano data
Inge Laudy
Manager of Investor Relationsno datano datano data
Jeroen Veldstra
Director of HR4.2yrsno datano data
Bart Delmulle
Chief Digital Officer5.2yrsno datano data
Blide Duk
Sustainability Programme Managerno datano datano data
Ewout de Wit
Corporate Secretaryno datano datano data
Iris van Wees
Operations Director of Parcels7yrsno datano data
5.2yrs
Average Tenure
52yo
Average Age

Experienced Management: PNL's management team is seasoned and experienced (5.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Marike van Lier Lels
Independent Vice Chairman of the Supervisory Board7yrs€61.00kno data
A. P. Melkert
Independent Member of the Supervisory Board6yrs€64.00kno data
J. Timmermans
Independent Member of the Supervisory Board5yrs€66.50kno data
H. Hoencamp
Independent Member of the Supervisory Board6yrs€59.50kno data
E.C. Meijer
Independent Member of the Supervisory Board5yrs€62.50kno data
Natasja Ilse Laheij
Member of the Supervisory Boardno datano datano data
Hannie Vlug
Independent Member of Supervisory Board4yrs€59.50kno data
Martin Plavec
Member of the Supervisory Board3yrs€61.00kno data
5.0yrs
Average Tenure
60.5yo
Average Age

Experienced Board: PNL's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/30 14:20
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PostNL N.V. is covered by 24 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Susanna InvernizziBarclays
Marco LimiteBarclays
William Fitzalan HowardBerenberg