CTT-CORREIOS DE PORTUGAL (CTT.LS) Stock Fundamental Analysis
ELI:CTT - Euronext Lisbon - PTCTT0AM0001 - Common Stock - Currency: EUR
Overall CTT gets a fundamental rating of 4 out of 10. We evaluated CTT against 14 industry peers in the Air Freight & Logistics industry. While CTT is still in line with the averages on profitability rating, there are concerns on its financial health. CTT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CTT had positive earnings in the past year.
In the past year CTT had a positive cash flow from operations.
Each year in the past 5 years CTT has 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 (0.78%) is worse than 71.43% of its industry peers.
CTT has a Return On Equity of 17.99%. This is amongst the best in the industry. CTT outperforms 85.71% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.53%, CTT is doing worse than 64.29% of the companies in the same industry.
CTT had an Average Return On Invested Capital over the past 3 years of 2.04%. This is significantly below the industry average of 7.46%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 17.99% | ||
| ROIC | 1.53% |
ROA(3y)0.99%
ROA(5y)0.92%
ROE(3y)19.57%
ROE(5y)18.38%
ROIC(3y)2.04%
ROIC(5y)2.04%
1.3 Margins
CTT's Profit Margin of 4.41% is fine compared to the rest of the industry. CTT outperforms 71.43% of its industry peers.
In the last couple of years the Profit Margin of CTT has grown nicely.
CTT's Operating Margin of 8.32% is amongst the best of the industry. CTT outperforms 85.71% of its industry peers.
In the last couple of years the Operating Margin of CTT has grown nicely.
CTT's Gross Margin of 46.53% is in line compared to the rest of the industry. CTT outperforms 50.00% of its industry peers.
In the last couple of years the Gross Margin of CTT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.32% | ||
| PM (TTM) | 4.41% | ||
| GM | 46.53% |
OM growth 3Y-4.17%
OM growth 5Y3.94%
PM growth 3Y-2.38%
PM growth 5Y2.13%
GM growth 3Y-3.38%
GM growth 5Y-5.22%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CTT is destroying value.
The number of shares outstanding for CTT has been reduced compared to 1 year ago.
Compared to 5 years ago, CTT has less shares outstanding
Compared to 1 year ago, CTT has a worse debt to assets ratio.
2.2 Solvency
CTT has an Altman-Z score of 0.01. This is a bad value and indicates that CTT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CTT (0.01) is worse than 64.29% of its industry peers.
The Debt to FCF ratio of CTT is 9.04, which is on the high side as it means it would take CTT, 9.04 years of fcf income to pay off all of its debts.
CTT has a Debt to FCF ratio of 9.04. This is comparable to the rest of the industry: CTT outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 18.16 is on the high side and indicates that CTT has dependencies on debt financing.
CTT's Debt to Equity ratio of 18.16 is on the low side compared to the rest of the industry. CTT is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 18.16 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 0.01 |
ROIC/WACC0.23
WACC6.53%
2.3 Liquidity
A Current Ratio of 0.63 indicates that CTT may have some problems paying its short term obligations.
CTT has a Current ratio of 0.63. This is in the lower half of the industry: CTT underperforms 78.57% of its industry peers.
CTT has a Quick Ratio of 0.63. 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 has a Quick ratio of 0.63. This is in the lower half of the industry: CTT underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The earnings per share for CTT have decreased strongly by -13.79% in the last year.
CTT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.30% yearly.
The Revenue has grown by 14.37% in the past year. This is quite good.
Measured over the past years, CTT shows a small growth in Revenue. The Revenue has been growing by 7.02% on average per year.
EPS 1Y (TTM)-13.79%
EPS 3Y8.89%
EPS 5Y11.3%
EPS Q2Q%-23.28%
Revenue 1Y (TTM)14.37%
Revenue growth 3Y8.43%
Revenue growth 5Y7.02%
Sales Q2Q%25.31%
3.2 Future
Based on estimates for the next years, CTT will show a very strong growth in Earnings Per Share. The EPS will grow by 21.55% on average per year.
CTT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.57% yearly.
EPS Next Y43.6%
EPS Next 2Y19.52%
EPS Next 3Y21.55%
EPS Next 5YN/A
Revenue Next Year22.58%
Revenue Next 2Y15.72%
Revenue Next 3Y12.57%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
The Price/Earnings ratio is 22.84, which indicates a rather expensive current valuation of CTT.
CTT's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of CTT to the average of the S&P500 Index (26.35), we can say CTT is valued inline with the index average.
A Price/Forward Earnings ratio of 15.08 indicates a correct valuation of CTT.
The rest of the industry has a similar Price/Forward Earnings ratio as CTT.
When comparing the Price/Forward Earnings ratio of CTT to the average of the S&P500 Index (22.20), we can say CTT is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.84 | ||
| Fwd PE | 15.08 |
4.2 Price Multiples
CTT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CTT is cheaper than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.99 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CTT has a very decent profitability rating, which may justify a higher PE ratio.
CTT's earnings are expected to grow with 21.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.52
PEG (5Y)2.02
EPS Next 2Y19.52%
EPS Next 3Y21.55%
5. Dividend
5.1 Amount
CTT has a Yearly Dividend Yield of 2.35%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.79, CTT has a dividend in line with its industry peers.
CTT's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
5.2 History
The dividend of CTT is nicely growing with an annual growth rate of 12.74%!
Dividend Growth(5Y)12.74%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
CTT pays out 57.25% of its income as dividend. This is a bit on the high side, but may be sustainable.
CTT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP57.25%
EPS Next 2Y19.52%
EPS Next 3Y21.55%
ELI:CTT (5/28/2025, 5:29:56 PM)
7.31
-0.02 (-0.27%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners26.26%
Inst Owner ChangeN/A
Ins Owners14.37%
Ins Owner ChangeN/A
Market Cap978.22M
Analysts75.56
Price Target8.17 (11.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
Yearly Dividend0.18
Dividend Growth(5Y)12.74%
DP57.25%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)16.26%
PT rev (3m)34.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)16.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)12.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.84 | ||
| Fwd PE | 15.08 | ||
| P/S | 0.99 | ||
| P/FCF | 1.99 | ||
| P/OCF | 1.82 | ||
| P/B | 4.04 | ||
| P/tB | 10.95 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.32
EY4.38%
EPS(NY)0.48
Fwd EY6.63%
FCF(TTM)3.68
FCFY50.34%
OCF(TTM)4.02
OCFY54.97%
SpS7.39
BVpS1.81
TBVpS0.67
PEG (NY)0.52
PEG (5Y)2.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 17.99% | ||
| ROCE | 9.07% | ||
| ROIC | 1.53% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.46% | ||
| OM | 8.32% | ||
| PM (TTM) | 4.41% | ||
| GM | 46.53% | ||
| FCFM | 49.81% |
ROA(3y)0.99%
ROA(5y)0.92%
ROE(3y)19.57%
ROE(5y)18.38%
ROIC(3y)2.04%
ROIC(5y)2.04%
ROICexc(3y)3.78%
ROICexc(5y)3.43%
ROICexgc(3y)4.07%
ROICexgc(5y)3.69%
ROCE(3y)9.38%
ROCE(5y)8.78%
ROICexcg growth 3Y0.86%
ROICexcg growth 5Y1.91%
ROICexc growth 3Y0.94%
ROICexc growth 5Y2.37%
OM growth 3Y-4.17%
OM growth 5Y3.94%
PM growth 3Y-2.38%
PM growth 5Y2.13%
GM growth 3Y-3.38%
GM growth 5Y-5.22%
F-Score6
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 18.16 | ||
| Debt/FCF | 9.04 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 4.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 1129.08% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 0.01 |
F-Score6
WACC6.53%
ROIC/WACC0.23
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)3.96%
Cap/Sales(5y)4.32%
Profit Quality(3y)1307.46%
Profit Quality(5y)1092.73%
High Growth Momentum
Growth
EPS 1Y (TTM)-13.79%
EPS 3Y8.89%
EPS 5Y11.3%
EPS Q2Q%-23.28%
EPS Next Y43.6%
EPS Next 2Y19.52%
EPS Next 3Y21.55%
EPS Next 5YN/A
Revenue 1Y (TTM)14.37%
Revenue growth 3Y8.43%
Revenue growth 5Y7.02%
Sales Q2Q%25.31%
Revenue Next Year22.58%
Revenue Next 2Y15.72%
Revenue Next 3Y12.57%
Revenue Next 5YN/A
EBIT growth 1Y-5.67%
EBIT growth 3Y3.91%
EBIT growth 5Y11.24%
EBIT Next Year154.99%
EBIT Next 3Y43.49%
EBIT Next 5YN/A
FCF growth 1Y89.19%
FCF growth 3Y220.7%
FCF growth 5Y26.43%
OCF growth 1Y84.59%
OCF growth 3Y152.01%
OCF growth 5Y24.39%