Added to YB: 2026-04-20
Pitch date: 2026-04-17
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
-3.75%
current return
Author Info
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Company Info
CTT - Correios De Portugal, S.A., together with its subsidiaries, engages in reference postal business in Portugal and internationally.
Market Cap
EUR 845.5M
Pitch Price
EUR 6.39
Price Target
8.00 (+26%)
Dividend
N/A
EV/EBITDA
-0.78
P/E
17.54
EV/Sales
-0.11
Sector
Air Freight and Logistics
Category
growth
Leave the Mail, Take the Banking Division
CTT.LS: Portuguese postal operator w/ hidden banking gem. Deposits surged €250M (2016) to €4.3B (2025), NII €3.3M to €101.9M via 2,400 branch network doubling as rural banks. Banking 40% of net income, loan-to-deposit <50%. Parcel rev €150M to €631M, DHL deal boosts Portugal share to 70%. Mail stable via gov pricing. 12x P/E, 6% shareholder yield. PT €8 (2027 EPS €0.65).
Read full article (5 min)