NYSE:PBI

Stock Analysis Report

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Executive Summary

Pitney Bowes Inc., a technology company, provides commerce solutions in the United States and internationally.


Snowflake Analysis

Moderate growth potential and slightly overvalued.


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

Stable Share Price: PBI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

33.0%

PBI

3.1%

US Commercial Services

-0.04%

US Market


1 Year Return

81.1%

PBI

9.4%

US Commercial Services

17.1%

US Market

Return vs Industry: PBI exceeded the US Commercial Services industry which returned 8.3% over the past year.

Return vs Market: PBI exceeded the US Market which returned 16.8% over the past year.


Shareholder returns

PBIIndustryMarket
7 Day33.0%3.1%-0.04%
30 Day153.4%14.4%5.1%
90 Day191.4%24.6%19.5%
1 Year91.8%81.1%11.1%9.4%19.6%17.1%
3 Year-38.7%-49.4%52.9%43.1%42.5%33.3%
5 Year-60.5%-70.2%92.5%73.0%75.1%56.2%

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

Valuation

Is Pitney Bowes undervalued compared to its fair value and its price relative to the market?

20.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PBI ($6.41) is trading below our estimate of fair value ($8.08)

Significantly Below Fair Value: PBI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PBI is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.

PE vs Market: PBI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PBI is overvalued based on its PB Ratio (24.7x) compared to the US Commercial Services industry average (1.5x).


Next Steps

Future Growth

How is Pitney Bowes forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

105.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: PBI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PBI's is expected to become profitable in the next 3 years.

Revenue vs Market: PBI's revenue (3.7% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: PBI's revenue (3.7% 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


Next Steps

Past Performance

How has Pitney Bowes performed over the past 5 years?

-43.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBI is currently unprofitable.

Growing Profit Margin: PBI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PBI is unprofitable, and losses have increased over the past 5 years at a rate of 43.3% per year.

Accelerating Growth: Unable to compare PBI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PBI is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-6.5%).


Return on Equity

High ROE: PBI has a negative Return on Equity (-460.88%), as it is currently unprofitable.


Next Steps

Financial Health

How is Pitney Bowes's financial position?


Financial Position Analysis

Short Term Liabilities: PBI's short term assets ($2.2B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: PBI's short term assets ($2.2B) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: PBI's debt to equity ratio (6094.1%) is considered high.

Reducing Debt: PBI's debt to equity ratio has increased from 615.2% to 6094.1% over the past 5 years.

Debt Coverage: PBI's debt is not well covered by operating cash flow (9.3%).

Interest Coverage: PBI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Pitney Bowes's current dividend yield, its reliability and sustainability?

3.12%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: PBI's dividend (3.12%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: PBI's dividend (3.12%) is low compared to the top 25% of dividend payers in the US market (4.29%).


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.


Current Payout to Shareholders

Dividend Coverage: PBI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Marc Lautenbach (59 yo)

7.67yrs

Tenure

US$8,229,179

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

Compensation vs Market: Marc's total compensation ($USD8.23M) is above average for companies of similar size in the US market ($USD2.99M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marc Lautenbach
President7.67yrsUS$8.23m0.15%
$ 1.6m
Stanley Sutula
Executive VP & CFO3.5yrsUS$2.99m0.036%
$ 399.1k
Daniel Goldstein
Executive VP4.58yrsUS$1.65m0.038%
$ 423.1k
Jason Dies
Executive VP & President of Sending Technology Solutions2.83yrsUS$2.03m0.034%
$ 379.9k
Joseph Catapano
VP of Finance & Chief Accounting Officer3yrsno data0.0098%
$ 109.2k
Adam David
Vice President of Investor Relationsno datano datano data
William Hughes
Chief Communications Officerno datano datano data
William Borrelle
Senior VP & Chief Marketing Officer2.08yrsno data0.028%
$ 307.4k
Johnna Torsone
Executive VP & Chief Human Resources Officer27.58yrsUS$1.48m0.061%
$ 677.2k
Christoph Stehmann
Executive Vice President of International - Sending Technology Solutions2.83yrsno data0.0063%
$ 69.7k
Joseph Schmitt
Senior Vice President of Enterprise Information Technology & Operations7.42yrsno datano data
Harris Warsaw
Senior Vice President of Sales - Global SMB Solutions5.5yrsno datano data

4.0yrs

Average Tenure

58yo

Average Age

Experienced Management: PBI's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marc Lautenbach
President7.67yrsUS$8.23m0.15%
$ 1.6m
Anne Busquet
Independent Director12.75yrsUS$205.50k0.024%
$ 264.3k
David Shedlarz
Independent Director19.58yrsUS$212.04k0.028%
$ 306.7k
Robert Dutkowsky
Independent Director2.08yrsUS$197.99k0.015%
$ 170.1k
Linda Sanford
Independent Director4.92yrsUS$212.50k0.027%
$ 300.6k
Anne Fuchs
Independent Director14.92yrsUS$197.66k0.031%
$ 342.4k
Stewart Hutcheson
Independent Director8.08yrsUS$215.73k0.0082%
$ 91.4k
Mary J. Guilfoile
Independent Director2.08yrsUS$199.49kno data

7.9yrs

Average Tenure

66yo

Average Age

Experienced Board: PBI's board of directors are considered experienced (7.9 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 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$1.109b
  • Shares outstanding: 173.08m
  • Website: https://www.pitneybowes.com

Number of Employees


Location

  • Pitney Bowes Inc.
  • 3001 Summer Street
  • Stamford
  • Connecticut
  • 6926
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBINYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
PBWDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
PBIBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 1/3 ORD(USD)ARARSFeb 2003

Biography

Pitney Bowes Inc., a technology company, provides commerce solutions in the United States and internationally. The company operates through Global Ecommerce, Presort Services and SendTech Solutions segment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 23:40
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.