Professional
Added to YB: 2025-04-29
Pitch date: 2025-04-25
CTT.LS [neutral]
CTT - Correios De Portugal, S.A.
-2.09%
current return
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their website.
Company Info
CTT - Correios De Portugal, S.A., together with its subsidiaries, provides postal and financial services worldwide.
Market Cap
EUR 1.0B
Pitch Price
EUR 7.46
Price Target
N/A
Dividend
2.20%
EV/EBITDA
-4.52
P/E
21.75
EV/Sales
-0.76
Sector
Air Freight and Logistics
Category
growth
Symmetry Invest A/S Portfolio Holding: CTT - Correios De Portugal, S.A.
CTT.LS (holding update): Strong 2024 despite EBIT drop €88M→€85M due to weak Financial Services. Core logistics & banking EBIT +38%. Express & Parcels earnings +83% to €36M with 11.8% incremental margin. Expect margins to grow from 7.5% toward 10%. Catalysts: Cacesa acquisition (April '25), DHL partnership (Q4 '25). Undervalued at P/E <10.
Read full article (2 min)