CTT - Correios De Portugal Future Growth

Future criteria checks 1/6

CTT - Correios De Portugal is forecast to grow earnings and revenue by 4.7% and 1.7% per annum respectively. EPS is expected to grow by 7% per annum. Return on equity is forecast to be 17.9% in 3 years.

Key information

4.7%

Earnings growth rate

7.0%

EPS growth rate

Logistics earnings growth	14.3%
Revenue growth rate	1.7%
Future return on equity	17.9%
Analyst coverage	Low
Last updated	03 May 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:CTTP.Y - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,088	58	80	113	2
12/31/2025	1,038	52	73	110	3
12/31/2024	1,019	44	65	100	1
3/31/2024	1,032	52	1,179	1,208	N/A
12/31/2023	1,011	61	976	1,007	N/A
9/30/2023	971	44	368	399	N/A
6/30/2023	952	48	139	172	N/A
3/31/2023	908	47	260	291	N/A
12/31/2022	901	36	126	160	N/A
9/30/2022	894	40	126	161	N/A
6/30/2022	878	36	102	136	N/A
3/31/2022	870	35	-71	-37	N/A
12/31/2021	841	38	22	53	N/A
9/30/2021	818	39	97	127	N/A
6/30/2021	802	36	77	108	N/A
3/31/2021	764	22	365	399	N/A
12/31/2020	739	17	245	283	N/A
9/30/2020	728	11	211	249	N/A
6/30/2020	727	18	222	264	N/A
3/31/2020	736	29	259	298	N/A
12/31/2019	733	29	270	306	N/A
9/30/2019	719	33	152	186	N/A
6/30/2019	704	23	11	39	N/A
3/31/2019	704	19	41	66	N/A
12/31/2018	704	21	63	91	N/A
9/30/2018	704	19	87	113	N/A
6/30/2018	696	17	173	199	N/A
3/31/2018	688	23	201	231	N/A
12/31/2017	690	27	N/A	291	N/A
9/30/2017	684	36	N/A	346	N/A
6/30/2017	683	48	N/A	377	N/A
3/31/2017	682	52	N/A	311	N/A
12/31/2016	676	62	N/A	268	N/A
9/30/2016	681	67	N/A	193	N/A
6/30/2016	686	65	N/A	125	N/A
3/31/2016	693	70	N/A	150	N/A
12/31/2015	709	72	N/A	33	N/A
9/30/2015	726	75	N/A	23	N/A
6/30/2015	733	80	N/A	87	N/A
3/31/2015	734	81	N/A	46	N/A
12/31/2014	711	77	N/A	179	N/A
9/30/2014	695	68	N/A	140	N/A
6/30/2014	690	65	N/A	99	N/A
3/31/2014	687	61	N/A	55	N/A
12/31/2013	699	61	N/A	109	N/A
9/30/2013	701	46	N/A	69	N/A
6/30/2013	697	31	N/A	61	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTTP.Y's forecast earnings growth (4.7% per year) is above the savings rate (2.4%).

Earnings vs Market: CTTP.Y's earnings (4.7% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: CTTP.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: CTTP.Y's revenue (1.7% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: CTTP.Y's revenue (1.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CTTP.Y's Return on Equity is forecast to be low in 3 years time (17.9%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/06 19:37
End of Day Share Price	2024/02/07 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

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Industry and Sector Metrics

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Analyst Sources

CTT - Correios De Portugal, S.A. is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bruno Silva	Banco BPI, S.A.
Filipe Leite	Banco BPI, S.A.
Joao Safara Silva	Banco Santander