Professional
Added to YB: 2024-01-30
Pitch date: 2024-01-30
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
+84.69%
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 875.3M
Pitch Price
EUR 3.42
Price Target
7.07 (+12%)
Dividend
2.58%
EV/EBITDA
-3.77
P/E
17.37
EV/Sales
-0.57
Sector
Air Freight and Logistics
Category
special_situation
Show full summary:
Maran Capital top holdings: Correios De Portugal, S.A. ($CTT.LS)
CTT.LS: Undervalued Portuguese conglomerate. Real estate worth €200M+ (€32M proceeds received), bank €250M+, core biz €500M+ on €60M+ op profit (path to €100M+). Fair value 2x €500M market cap. Unlocking value & buying back 1M shares/month (of 140M total).
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