Added to YB: 2025-05-28
Pitch date: 2025-04-09
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
Author Info
No bio for this author
Company Info
CTT - Correios De Portugal, S.A., together with its subsidiaries, engages in reference postal business in Portugal and internationally.
Market Cap
$830.3M
Pitch Price
N/A
Price Target
13.00 (+117%)
Dividend
3.00%
EV/EBITDA
-4.90
P/E
20.40
EV/Sales
-0.57
Sector
Air Freight and Logistics
Category
value
CTT - Correios De Portugal, S.A. - $CTT.LS
CTT.LS: Dominant Portuguese postal co. w/ 50%+ market share. 2024 E&P rev +41%, EBIT +83%. Cacesa acquisition (5.5x EBIT) + DHL partnership doubles E&P profits in 2yrs. E&P worth ~€5.57/share (82% of market cap). 9.3x 2025E FCF. SOTP valuation suggests €13/share vs current €6.81. Strong e-commerce growth runway in Iberia.
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