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Added to YB: 2024-01-30

Pitch date: 2024-01-30

CTT.LS [bullish]

CTT - Correios De Portugal, S.A.

+113.16%

current return

Author Info

No bio for this author

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 3.42

Price Target

7.07 (-3%)

Dividend

2.20%

EV/EBITDA

-4.52

P/E

21.75

EV/Sales

-0.76

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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