CTT - Correios De Portugal
Market Cap
€367.5m
Last Updated
2021/01/15 20:53 UTC
Data Sources
Company Financials +
Executive Summary
CTT - Correios De Portugal, S.A., together with its subsidiaries, provides postal and financial services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has CTT - Correios De Portugal's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTT is not significantly more volatile than the rest of Portuguese stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CTT's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.2%
CTT
1.2%
PT Logistics
-4.8%
PT Market
1 Year Return
-24.7%
CTT
22.7%
PT Logistics
8.1%
PT Market
Return vs Industry: CTT underperformed the Portuguese Logistics industry which returned 23.8% over the past year.
Return vs Market: CTT underperformed the Portuguese Market which returned 9.9% over the past year.
Shareholder returns
| CTT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 1.2% | -4.8% |
| 30 Day | -2.8% | 3.0% | 8.1% |
| 90 Day | -1.2% | 2.9% | 18.8% |
| 1 Year | -24.7%-24.7% | 25.2%22.7% | 12.4%8.1% |
| 3 Year | -20.2%-32.7% | 23.0%12.6% | 24.1%10.3% |
| 5 Year | -58.1%-69.5% | 101.2%73.2% | 53.4%-21.6% |
Long-Term Price Volatility Vs. Market
How volatile is CTT - Correios De Portugal's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
At €2.47, Is It Time To Put CTT - Correios De Portugal, S.A. (ELI:CTT) On Your Watch List?2 weeks ago | Simply Wall St
How Much Of CTT - Correios De Portugal, S.A. (ELI:CTT) Do Institutions Own?1 month ago | Simply Wall St
CTT - Correios De Portugal, S.A. (ELI:CTT) Shares Could Be 37% Below Their Intrinsic Value EstimateValuation
Is CTT - Correios De Portugal undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTT (€2.45) is trading below our estimate of fair value (€5.11)
Significantly Below Fair Value: CTT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTT is poor value based on its PE Ratio (34.4x) compared to the XE Logistics industry average (21.3x).
PE vs Market: CTT is poor value based on its PE Ratio (34.4x) compared to the Portuguese market (19.6x).
Price to Earnings Growth Ratio
PEG Ratio: CTT is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: CTT is overvalued based on its PB Ratio (2.7x) compared to the XE Logistics industry average (2.4x).
Next Steps
Future Growth
How is CTT - Correios De Portugal forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
36.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTT's forecast earnings growth (36.1% per year) is above the savings rate (1.9%).
Earnings vs Market: CTT's earnings (36.1% per year) are forecast to grow faster than the Portuguese market (15.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CTT's revenue (2.5% per year) is forecast to grow slower than the Portuguese market (4.8% per year).
High Growth Revenue: CTT's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTT's Return on Equity is forecast to be low in 3 years time (17.8%).
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Past Performance
How has CTT - Correios De Portugal performed over the past 5 years?
-31.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTT has a large one-off loss of €24.6M impacting its September 30 2020 financial results.
Growing Profit Margin: CTT's current net profit margins (1.5%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: CTT's earnings have declined by 31.5% per year over the past 5 years.
Accelerating Growth: CTT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CTT had negative earnings growth (-67.5%) over the past year, making it difficult to compare to the Logistics industry average (-23.3%).
Return on Equity
High ROE: CTT's Return on Equity (7.9%) is considered low.
Next Steps
Financial Health
How is CTT - Correios De Portugal's financial position?
Financial Position Analysis
Short Term Liabilities: CTT's short term assets (€795.6M) do not cover its short term liabilities (€2.1B).
Long Term Liabilities: CTT's short term assets (€795.6M) exceed its long term liabilities (€488.6M).
Debt to Equity History and Analysis
Debt Level: CTT's debt to equity ratio (104.5%) is considered high.
Reducing Debt: CTT's debt to equity ratio has increased from 3.4% to 104.5% over the past 5 years.
Debt Coverage: CTT's debt is well covered by operating cash flow (175.2%).
Interest Coverage: CTT's interest payments on its debt are well covered by EBIT (7.1x coverage).
Balance Sheet
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Dividend
What is CTT - Correios De Portugal current dividend yield, its reliability and sustainability?
4.12%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CTT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CTT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CTT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CTT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CTT is not paying a notable dividend for the Portuguese market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CTT's dividend in 3 years as they are not forecast to pay a notable one for the Portuguese market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
João Afonso Ramalho Sopas Bento (60 yo)
1.67yrs
Tenure
€535,220
Compensation
Prof. João Afonso Ramalho Sopas Pereira Bento serves as the Chief Executive Officer of Efacec Capital, S.G.P.S., SA. Prof. Bento served as Head of Companhia de Concessoes Rodoviarias and Head of Elos - Lig...
CEO Compensation Analysis
Compensation vs Market: João Afonso Ramalho Sopas's total compensation ($USD647.10K) is about average for companies of similar size in the Portuguese market ($USD721.03K).
Compensation vs Earnings: João Afonso Ramalho Sopas's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.67yrs | €535.22k | 0.020% € 74.7k | |
| CFO & Executive Director | 3.08yrs | €439.78k | 0.0053% € 19.6k | |
| COO & Executive Director | 1.33yrs | €107.65k | 0.0019% € 7.0k | |
| CCO of Retail & Executive Director | 3.75yrs | €409.25k | 0.0047% € 17.2k | |
| Director of Investor Relations | no data | no data | no data | |
| Director of Brand & Communication | no data | no data | no data | |
| Executive Director | 1yr | no data | 0.0076% € 28.0k | |
| Director of Accounting and Treasury | no data | no data | no data | |
| Company Secretary and General Secretariat | no data | no data | no data | |
| Secretary of the Company | no data | no data | no data | |
| Director of Physical Resources & Security and Executive Director Mozambique | no data | no data | no data |
1.5yrs
Average Tenure
45yo
Average Age
Experienced Management: CTT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.67yrs | €535.22k | 0.020% € 74.7k | |
| CFO & Executive Director | 3.08yrs | €439.78k | 0.0053% € 19.6k | |
| COO & Executive Director | 1.33yrs | €107.65k | 0.0019% € 7.0k | |
| CCO of Retail & Executive Director | 3.75yrs | €409.25k | 0.0047% € 17.2k | |
| Executive Director | 1yr | no data | 0.0076% € 28.0k | |
| Independent Non-Executive Director | 6.08yrs | €60.13k | no data | |
| Independent Non-Executive Director | 4.42yrs | €60.13k | no data | |
| Independent Non-Executive Director | 6.83yrs | €69.38k | no data | |
| Independent Non-Executive Director | 3.75yrs | €69.38k | no data | |
| Independent Non-Executive Director | 3.75yrs | €83.25k | no data | |
| Independent Non-Executive Director | 3.75yrs | €60.13k | no data | |
| Non-Executive & Independent Chairman | 0.75yr | no data | 0.013% € 49.0k |
3.8yrs
Average Tenure
54.5yo
Average Age
Experienced Board: CTT's board of directors are considered experienced (3.8 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
CTT - Correios De Portugal, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CTT - Correios De Portugal, S.A.
- Ticker: CTT
- Exchange: ENXTLS
- Founded: 1520
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: €367.500m
- Shares outstanding: 150.00m
- Website: https://www.ctt.pt
Number of Employees
Location
- CTT - Correios De Portugal, S.A.
- Av. D. JoAo II, n.o 13
- Lisbon
- Lisbon
- 1999-001
- Portugal
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CTT | ENXTLS (Euronext Lisbon) | Yes | Ordinary Shares | PT | EUR | Dec 2013 |
| CTTU | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 2013 |
| C7T | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2013 |
| 0QIM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 2013 |
| CTT N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Dec 2013 |
| CTTO.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2013 |
| CTTP.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jan 2015 |
Biography
CTT - Correios De Portugal, S.A., together with its subsidiaries, provides postal and financial services worldwide. The company operates through Mail, Express & Parcels, Financial Services, and Banco CTT s...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 20:53 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.