Professional
Added to YB: 2025-01-09
Pitch date: 2025-01-07
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
+38.02%
current return
Author Info
GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. Sign up for the newsletter.
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 5.19
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
value
GreenWood Investors Portfolio Holdiing: CTT - Correios De Portugal, S.A.
CTT.LS: DHL deal values Express & Parcels at 12.5x EBIT (€482M), 80% of market cap. Spanish market share up 1% to 15-16%. Cross-border customs & fulfillment growth. Cacesa acquisition boosts customs clearance. E-commerce infrastructure potential in under-penetrated Iberian market. 7.3x operating income multiple vs InPost's 21x.
Read full article (6 min)