Professional
Added to YB: 2025-02-03
Pitch date: 2025-01-30
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
+11.12%
current return
Author Info
No bio for this author
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 5.69
Price Target
N/A
Dividend
2.58%
EV/EBITDA
-3.77
P/E
17.37
EV/Sales
-0.57
Sector
Air Freight and Logistics
Category
value
Maran Partners Fund Portfolio Holding: CTT - Correios De Portugal, S.A.
CTT.LS: Iberian postal operator transformed: E&P biz growing rapidly, bank monetization, real estate sales, 10% share buyback. Recent deals: bought Cacesa (5x EBIT, 15-20% EPS accretive), sold 25% E&P to DHL (12x EBIT). SOTP: €10-14/sh vs €5-6 trading. Catalysts: capital markets day, €100-120M 2025 EBIT target, further asset sales. Aligned mgmt.
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