Pitney Bowes
Market Cap
US$623.8m
Last Updated
2019/08/19 23:47 UTC
Data Sources
Company Financials +
Executive Summary
Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally.
Snowflake
Fundamentals
Undervalued with moderate growth potential.
Risks
- Pitney Bowes has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Pitney Bowes's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.4%
NYSE:PBI
1.2%
US Commercial Services
0.9%
US Market
1 Year Return
-55.9%
NYSE:PBI
6.4%
US Commercial Services
0.3%
US Market
PBI underperformed the Commercial Services industry which returned 5.8% over the past year.
PBI underperformed the Market in United States of America which returned -0.5% over the past year.
Share holder returns
| PBI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 1.2% | 0.9% |
| 30 Day | -7.6% | -0.07% | -1.9% |
| 90 Day | -24.9% | 3.4% | 1.6% |
| 1 Year | -52.9%-55.9% | 10.5%6.4% | 2.6%0.3% |
| 3 Year | -76.4%-80.1% | 64.9%53.8% | 41.0%31.8% |
| 5 Year | -82.6%-86.4% | 97.8%77.9% | 55.2%38.0% |
Price Volatility Vs. Market
How volatile is Pitney Bowes's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
We Wouldn't Be Too Quick To Buy Pitney Bowes Inc. (NYSE:PBI) Before It Goes Ex-Dividend1 week ago | Simply Wall St
Should You Worry About Pitney Bowes Inc.'s (NYSE:PBI) CEO Pay?3 weeks ago | Simply Wall St
Did You Manage To Avoid Pitney Bowes's (NYSE:PBI) Devastating 85% Share Price Drop?Valuation
Is Pitney Bowes undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Pitney Bowes's share price is below the future cash flow value, and at a moderate discount (> 20%).
Pitney Bowes's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Pitney Bowes is good value based on earnings compared to the US Commercial Services industry average.
Pitney Bowes is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Pitney Bowes is good value based on expected growth next year.
Price Based on Value of Assets
Pitney Bowes is overvalued based on assets compared to the US Commercial Services industry average.
Next Steps
Future Growth
How is Pitney Bowes expected to perform in the next 1 to 3 years based on estimates from 5 analysts?
19.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Pitney Bowes's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Pitney Bowes's earnings are expected to grow by 19.1% yearly, however this is not considered high growth (20% yearly).
Pitney Bowes's revenue growth is positive but not above the United States of America market average.
Pitney Bowes's earnings growth is expected to exceed the United States of America market average.
Pitney Bowes's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Pitney Bowes is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has Pitney Bowes performed over the past 5 years?
-19.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Pitney Bowes's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Pitney Bowes's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Pitney Bowes's 1-year earnings growth is negative, it can't be compared to the US Commercial Services industry average.
Return on Equity
Whilst Pitney Bowes made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
Return on Assets
Pitney Bowes used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
Return on Capital Employed
Pitney Bowes's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Pitney Bowes's financial position?
Financial Position Analysis
Pitney Bowes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Pitney Bowes's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Pitney Bowes's level of debt (6124.3%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (560.4% vs 6124.3% today).
Debt is not well covered by operating cash flow (10%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.7x debt.
Next Steps
Dividend
What is Pitney Bowes's current dividend yield, its reliability and sustainability?
5.48%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Pitney Bowes before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Pitney Bowes's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Pitney Bowes's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.4x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Pitney Bowes's salary, the management and board of directors tenure and is there insider trading?
3.0yrs
Average management tenure
CEO
Marc Lautenbach (58yo)
6.7yrs
Tenure
US$8,056,939
Compensation
Mr. Marc B. Lautenbach has been the Chief Executive Officer and President of Pitney Bowes Inc. since December 3, 2012. Mr. Lautenbach is 27-Year IBM Veteran and has an extensive experience and proven track ...
CEO Compensation Analysis
Marc's remuneration is higher than average for companies of similar size in United States of America.
Marc's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
3.0yrs
Average Tenure
57yo
Average Age
The tenure for the Pitney Bowes management team is about average.
Board Age and Tenure
6.9yrs
Average Tenure
66yo
Average Age
The tenure for the Pitney Bowes board of directors is about average.
Insider Trading
More shares have been bought than sold by Pitney Bowes individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive VP & President of SMB Solutions |
| Shares | 1,500 |
| Max Price | US$4.03 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Employee Director |
| Shares | 10,000 |
| Max Price | US$5.22 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & President of SMB Solutions |
| Shares | 3,600 |
| Max Price | US$5.72 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 5,000 |
| Max Price | US$5.34 |
Ownership Breakdown
Management Team
Joe Catapano
VP & Chief Accounting Officer
- Tenure: 2.0yrs
Bill Hughes (59yo)
Chief Communications Officer
- Tenure: 0.0yrs
Dan Goldstein (57yo)
Executive VP
- Tenure: 3.6yrs
- Compensation: US$2.05m
Adam David
Vice President of Investor Relations
- Tenure: 0.0yrs
Bill Borrelle
Senior VP & Chief Marketing Officer
- Tenure: 1.1yrs
Marc Lautenbach (58yo)
President
- Tenure: 6.7yrs
- Compensation: US$8.06m
Lila Snyder (46yo)
Executive VP & President of Commerce Services
- Tenure: 6.3yrs
- Compensation: US$2.51m
Stan Sutula (53yo)
Executive VP & CFO
- Tenure: 2.5yrs
- Compensation: US$2.39m
Bob Guidotti (61yo)
Executive VP & President of Software Solutions
- Tenure: 3.6yrs
- Compensation: US$1.76m
Jason Dies (49yo)
Executive VP & President of SMB Solutions
- Tenure: 1.8yrs
- Compensation: US$1.86m
Board Members
Anne Busquet (69yo)
Director
- Tenure: 11.8yrs
- Compensation: US$209.48k
David Shedlarz (71yo)
Director
- Tenure: 18.6yrs
- Compensation: US$220.87k
Bob Dutkowsky (64yo)
Non-Employee Director
- Tenure: 1.1yrs
- Compensation: US$133.62k
Michael Roth (74yo)
Non-Executive Chairman
- Tenure: 6.7yrs
- Compensation: US$319.57k
Linda Sanford (66yo)
Director
- Tenure: 3.9yrs
- Compensation: US$205.07k
Anne Fuchs (71yo)
Director
- Tenure: 13.9yrs
- Compensation: US$202.07k
Roger Fradin (66yo)
Director
- Tenure: 7.5yrs
- Compensation: US$208.57k
Doug Hutcheson (63yo)
Director
- Tenure: 7.1yrs
- Compensation: US$217.40k
Marc Lautenbach (58yo)
President
- Tenure: 6.7yrs
- Compensation: US$8.06m
Mary J. Guilfoile (64yo)
Non-Employee Director
- Tenure: 1.1yrs
Company Information
Pitney Bowes Inc.'s company bio, 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
- Market Cap: US$623.785m
- Shares outstanding: 170.90m
- Website: https://www.pitneybowes.com
Number of Employees
Location
- Pitney Bowes Inc.
- 3001 Summer Street
- Stamford
- Connecticut
- 6926
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PBI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| PBW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| PBI | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REPR 1/3 ORD(USD) | AR | ARS | Feb 2003 |
Biography
Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segme ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/19 23:47 |
| End of Day Share Price | 2019/08/19 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.