Professional
Added to YB: 2024-02-06
Pitch date: 2024-02-06
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
+105.43%
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 3.49
Price Target
7.04 (-2%)
Dividend
2.20%
EV/EBITDA
-4.52
P/E
21.75
EV/Sales
-0.76
Sector
Air Freight and Logistics
Category
turnaround
Greenwood Investors holding - Correios De Portugal ($CTT.LS)
CTT.LS: Entering 504th year, 2025 EBIT guidance €100-120M mostly from new profit drivers. Strike failed as employees prioritize customer experience. Gained share as competitors unsustainable. Ecommerce growth runway. 2023 record EBITDA, 65% below 2016 level. €1-1.2B fair value, upside as shares are retired.
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