| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
PBI Stock Overview
Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium sized businesses, large enterprises, retailers, and government clients in the United States and internationally.
Pitney Bowes Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$3.90 |
| 52 Week High | US$9.92 |
| 52 Week Low | US$3.54 |
| Beta | 2.38 |
| 1 Month Change | -16.31% |
| 3 Month Change | -29.48% |
| 1 Year Change | -56.13% |
| 3 Year Change | -10.55% |
| 5 Year Change | -74.36% |
| Change since IPO | -67.50% |
Recent News & Updates
Shareholder Returns
| PBI | US Commercial Services | US Market | |
|---|---|---|---|
| 7D | 7.4% | 7.2% | 6.3% |
| 1Y | -56.1% | -7.1% | -18.8% |
Return vs Industry: PBI underperformed the US Commercial Services industry which returned -7.5% over the past year.
Return vs Market: PBI underperformed the US Market which returned -18.4% over the past year.
Price Volatility
| PBI volatility | |
|---|---|
| PBI Average Weekly Movement | 9.7% |
| Commercial Services Industry Average Movement | 7.3% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: PBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: PBI's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1920 | 11,500 | Marc Lautenbach | https://www.pitneybowes.com |
Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments. The Global Ecommerce segment provides domestic parcel services, cross-border solutions, and digital delivery services.
Pitney Bowes Fundamentals Summary
| PBI fundamental statistics | |
|---|---|
| Market Cap | US$676.39m |
| Earnings (TTM) | US$51.98m |
| Revenue (TTM) | US$3.69b |
13.0x
P/E Ratio0.2x
P/S RatioIs PBI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PBI income statement (TTM) | |
|---|---|
| Revenue | US$3.69b |
| Cost of Revenue | US$2.51b |
| Gross Profit | US$1.13b |
| Other Expenses | US$1.08b |
| Earnings | US$51.98m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.30 |
| Gross Margin | 30.63% |
| Net Profit Margin | 1.41% |
| Debt/Equity Ratio | 2,395.1% |
How did PBI perform over the long term?
See historical performance and comparisonDividends
5.1%
Current Dividend Yield67%
Payout RatioValuation
Is PBI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 PBI?
Other financial metrics that can be useful for relative valuation.
| What is PBI's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$676.39m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.7x |
| Enterprise Value/EBITDA | 8x |
| PEG Ratio | 0.3x |
Price to Earnings Ratio vs Peers
How does PBI's PE Ratio compare to its peers?
| PBI PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.8x | ||
ACCO ACCO Brands | 5.6x | 14.8% | US$668.2m |
TILE Interface | 12.6x | 15.8% | US$766.5m |
NL NL Industries | 8.5x | n/a | US$480.2m |
CIX CompX International | 16.7x | n/a | US$282.0m |
PBI Pitney Bowes | 13x | 48.2% | US$676.4m |
Price-To-Earnings vs Peers: PBI is expensive based on its Price-To-Earnings Ratio (13x) compared to the peer average (10.8x).
Price to Earnings Ratio vs Industry
How does PBI's PE Ratio compare vs other companies in the US Commercial Services Industry?
Price-To-Earnings vs Industry: PBI is good value based on its Price-To-Earnings Ratio (13x) compared to the US Commercial Services industry average (20.9x)
Price to Earnings Ratio vs Fair Ratio
What is PBI'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 13x |
| Fair PE Ratio | 39.7x |
Price-To-Earnings vs Fair Ratio: PBI is good value based on its Price-To-Earnings Ratio (13x) compared to the estimated Fair Price-To-Earnings Ratio (39.7x).
Share Price vs Fair Value
What is the Fair Price of PBI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PBI ($3.9) is trading above our estimate of fair value ($3.6)
Significantly Below Fair Value: PBI is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: PBI is good value based on its PEG Ratio (0.3x)
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Future Growth
How is Pitney Bowes forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
48.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBI's forecast earnings growth (48.2% per year) is above the savings rate (1.9%).
Earnings vs Market: PBI's earnings (48.2% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: PBI's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PBI's revenue (2.6% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: PBI's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PBI's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Pitney Bowes performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-41.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBI has high quality earnings.
Growing Profit Margin: PBI's current net profit margins (1.4%) are higher than last year (0.01%).
Past Earnings Growth Analysis
Earnings Trend: PBI's earnings have declined by 41.2% per year over the past 5 years.
Accelerating Growth: PBI's earnings growth over the past year (12863.3%) exceeds its 5-year average (-41.2% per year).
Earnings vs Industry: PBI earnings growth over the past year (12863.3%) exceeded the Commercial Services industry 25.7%.
Return on Equity
High ROE: Whilst PBI's Return on Equity (55.97%) is outstanding, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Pitney Bowes's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: PBI's short term assets ($1.7B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: PBI's short term assets ($1.7B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: PBI's net debt to equity ratio (1712.5%) is considered high.
Reducing Debt: PBI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: PBI's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: PBI's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Dividend
What is Pitney Bowes's current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBI's dividend (5.13%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: PBI's dividend (5.13%) is in the top 25% of dividend payers in the US market (4.23%)
Stability and Growth of Payments
Stable Dividend: PBI's dividend payments have been volatile in the past 10 years.
Growing Dividend: PBI's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67%), PBI's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (47.6%), PBI's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Marc Lautenbach (60 yo)
9.5yrs
Tenure
US$4,913,939
Compensation
Mr. Marc B. Lautenbach has been the Chief Executive Officer and President of Pitney Bowes Inc. since December 3, 2012. Mr. Lautenbach is IBM Veteran and has an extensive experience and proven track record...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD4.91M) is about average for companies of similar size in the US market ($USD4.02M).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PBI's management team is considered experienced (3.7 years average tenure).
Board Members
Experienced Board: PBI's board of directors are considered experienced (9.5 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Pitney Bowes Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Pitney Bowes Inc.
- Ticker: PBI
- Exchange: NYSE
- Founded: 1920
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Implied Market Cap: US$676.385m
- Shares outstanding: 173.43m
- Website: https://www.pitneybowes.com
Number of Employees
Location
- Pitney Bowes Inc.
- 3001 Summer Street
- Stamford
- Connecticut
- 6926
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.