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PBI

Pitney Bowes NYSE:PBI Stock Report

Last Price

US$3.90

Market Cap

US$676.4m

7D

7.4%

1Y

-56.1%

Updated

27 Jun, 2022

Data

Company Financials +
PBI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health2/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Pitney Bowes
Historical stock prices
Current Share PriceUS$3.90
52 Week HighUS$9.92
52 Week LowUS$3.54
Beta2.38
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

PBIUS Commercial ServicesUS Market
7D7.4%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

Is PBI's price volatile compared to industry and market?
PBI volatility
PBI Average Weekly Movement9.7%
Commercial Services Industry Average Movement7.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
192011,500Marc Lautenbachhttps://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

How do Pitney Bowes's earnings and revenue compare to its market cap?
PBI fundamental statistics
Market CapUS$676.39m
Earnings (TTM)US$51.98m
Revenue (TTM)US$3.69b

13.0x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBI income statement (TTM)
RevenueUS$3.69b
Cost of RevenueUS$2.51b
Gross ProfitUS$1.13b
Other ExpensesUS$1.08b
EarningsUS$51.98m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin30.63%
Net Profit Margin1.41%
Debt/Equity Ratio2,395.1%

How did PBI perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

67%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation 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.

PBI 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/Revenue0.7x
Enterprise Value/EBITDA8x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

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

PBI PE Ratio vs Peers
The above table shows the PE ratio for PBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
ACCO ACCO Brands
5.6x14.8%US$668.2m
TILE Interface
12.6x15.8%US$766.5m
NL NL Industries
8.5xn/aUS$480.2m
CIX CompX International
16.7xn/aUS$282.0m
PBI Pitney Bowes
13x48.2%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.

PBI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13x
Fair PE Ratio39.7x

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

3/6

Future 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


Discover growth companies

Past Performance

How has Pitney Bowes performed over the past 5 years?

Past Performance Score

4/6

Past 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

2/6

Financial 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

3/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
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.