CTT-CORREIOS DE PORTUGAL (CTT.LS)
PTCTT0AM0001 - Common Stock
CTT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Air Freight & Logistics industry. CTT has a medium profitability rating, but doesn't score so well on its financial health evaluation. CTT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CTT was profitable.
CTT had a positive operating cash flow in the past year.
In the past 5 years CTT has always been profitable.
Each year in the past 5 years CTT had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CTT (1.01%) is worse than 85.71% of its industry peers.
Looking at the Return On Equity, with a value of 22.81%, CTT belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
CTT has a worse Return On Invested Capital (1.64%) than 78.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CTT is significantly below the industry average of 7.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.01% | ||
| ROE | 22.81% | ||
| ROIC | 1.64% |
ROA(3y)1.08%
ROA(5y)1%
ROE(3y)20.8%
ROE(5y)19.16%
ROIC(3y)2.22%
ROIC(5y)2.12%
1.3 Margins
With an excellent Profit Margin value of 6.13%, CTT belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
CTT's Profit Margin has improved in the last couple of years.
CTT's Operating Margin of 9.87% is amongst the best of the industry. CTT outperforms 92.86% of its industry peers.
CTT's Operating Margin has improved in the last couple of years.
The Gross Margin of CTT (48.28%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CTT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.87% | ||
| PM (TTM) | 6.13% | ||
| GM | 48.28% |
OM growth 3Y21.37%
OM growth 5Y17.06%
PM growth 3Y42.47%
PM growth 5Y17.98%
GM growth 3Y-3.94%
GM growth 5Y-4.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CTT is destroying value.
CTT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CTT has less shares outstanding
The debt/assets ratio for CTT is higher compared to a year ago.
2.2 Solvency
CTT has an Altman-Z score of 0.00. This is a bad value and indicates that CTT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.00, CTT is doing worse than 85.71% of the companies in the same industry.
CTT has a debt to FCF ratio of 2.67. This is a good value and a sign of high solvency as CTT would need 2.67 years to pay back of all of its debts.
CTT has a Debt to FCF ratio of 2.67. This is amongst the best in the industry. CTT outperforms 85.71% of its industry peers.
CTT has a Debt/Equity ratio of 17.82. This is a high value indicating a heavy dependency on external financing.
CTT has a worse Debt to Equity ratio (17.82) than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 17.82 | ||
| Debt/FCF | 2.67 | ||
| Altman-Z | 0 |
ROIC/WACC0.28
WACC5.92%
2.3 Liquidity
CTT has a Current Ratio of 0.67. This is a bad value and indicates that CTT is not financially healthy enough and could expect problems in meeting its short term obligations.
CTT's Current ratio of 0.67 is on the low side compared to the rest of the industry. CTT is outperformed by 92.86% of its industry peers.
A Quick Ratio of 0.67 indicates that CTT may have some problems paying its short term obligations.
CTT's Quick ratio of 0.67 is on the low side compared to the rest of the industry. CTT is outperformed by 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
CTT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.62%, which is quite good.
Measured over the past years, CTT shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.39% on average per year.
Looking at the last year, CTT shows a quite strong growth in Revenue. The Revenue has grown by 9.27% in the last year.
Measured over the past years, CTT shows a small growth in Revenue. The Revenue has been growing by 4.25% on average per year.
EPS 1Y (TTM)17.62%
EPS 3Y56.6%
EPS 5Y24.39%
EPS Q2Q%29.08%
Revenue 1Y (TTM)9.27%
Revenue growth 3Y7.87%
Revenue growth 5Y4.25%
Sales Q2Q%10.15%
3.2 Future
Based on estimates for the next years, CTT will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.53% on average per year.
Based on estimates for the next years, CTT will show a small growth in Revenue. The Revenue will grow by 5.42% on average per year.
EPS Next Y-5.13%
EPS Next 2Y4.23%
EPS Next 3Y4.15%
EPS Next 5Y11.53%
Revenue Next Year3.02%
Revenue Next 2Y4.38%
Revenue Next 3Y3.51%
Revenue Next 5Y5.42%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.88 indicates a reasonable valuation of CTT.
Based on the Price/Earnings ratio, CTT is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 31.24. CTT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.21, the valuation of CTT can be described as very reasonable.
71.43% of the companies in the same industry are more expensive than CTT, based on the Price/Forward Earnings ratio.
CTT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.88 | ||
| Fwd PE | 11.21 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CTT is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.37 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CTT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y4.23%
EPS Next 3Y4.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.99%, CTT has a reasonable but not impressive dividend return.
CTT's Dividend Yield is a higher than the industry average which is at 4.15.
CTT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
5.2 History
The dividend of CTT decreases each year by -19.70%.
Dividend Growth(5Y)-19.7%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
CTT pays out 43.01% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP43.01%
EPS Next 2Y4.23%
EPS Next 3Y4.15%
CTT-CORREIOS DE PORTUGAL
ELI:CTT (10/10/2024, 3:16:16 PM)
4.245
+0.02 (+0.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap587.68M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.88 | ||
| Fwd PE | 11.21 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.01% | ||
| ROE | 22.81% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.87% | ||
| PM (TTM) | 6.13% | ||
| GM | 48.28% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 17.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)17.62%
EPS 3Y56.6%
EPS 5Y
EPS Q2Q%
EPS Next Y-5.13%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.27%
Revenue growth 3Y7.87%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y