Professional
Added to YB: 2026-04-21
Pitch date: 2026-04-17
CTT.LS [neutral]
CTT - Correios De Portugal, S.A.
-1.14%
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, engages in reference postal business in Portugal and internationally.
Market Cap
EUR 875.3M
Pitch Price
EUR 6.58
Price Target
N/A
Dividend
2.58%
EV/EBITDA
-3.77
P/E
17.37
EV/Sales
-0.57
Sector
Air Freight and Logistics
Category
value
Symmetry Invest A/S Portfolio Holding: CTT - Correios De Portugal, S.A.
CTT.LS (holding update): Portuguese logistics co grew rev +16%, EBIT +35% in 2025. Now 50% profit from E&P segment vs legacy mail/bank. Trades 5-7x EBIT as mail/bank biz but should get logistics multiple of 10x+ as mix shifts. DHL JV approved, adds €2M EBIT + €35M synergies over 18mo. CEO fields bank sale interest; selling majority stake could unlock capital for E&P investment & buybacks while deconsolidating financials for clearer logistics story.
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