CTT-CORREIOS DE PORTUGAL (CTT.LS) Stock Fundamental Analysis
ELI:CTT - Euronext Lisbon - PTCTT0AM0001 - Common Stock - Currency: EUR
CTT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 17 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
In the past year CTT was profitable.
CTT had a positive operating cash flow in the past year.
Each year in the past 5 years CTT has been profitable.
In the past 5 years CTT always reported a positive cash flow from operatings.
1.2 Ratios
CTT's Return On Assets of 0.78% is on the low side compared to the rest of the industry. CTT is outperformed by 81.25% of its industry peers.
With a decent Return On Equity value of 17.99%, CTT is doing good in the industry, outperforming 68.75% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.53%, CTT is doing worse than 68.75% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CTT is below the industry average of 6.91%.
| 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
With a decent Profit Margin value of 4.41%, CTT is doing good in the industry, outperforming 62.50% of the companies in the same industry.
CTT's Profit Margin has improved in the last couple of years.
CTT has a better Operating Margin (8.32%) than 81.25% 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 43.75% 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
CTT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CTT has less shares outstanding
The number of shares outstanding for CTT has been reduced compared to 5 years ago.
The debt/assets ratio for CTT is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.01, we must say that CTT is in the distress zone and has some risk of bankruptcy.
CTT has a Altman-Z score of 0.01. This is in the lower half of the industry: CTT underperforms 75.00% 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's Debt to FCF ratio of 9.04 is in line compared to the rest of the industry. CTT outperforms 43.75% 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.
The Debt to Equity ratio of CTT (18.16) is worse than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 18.16 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 0.01 |
ROIC/WACC0.24
WACC6.5%
2.3 Liquidity
CTT has a Current 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.
With a Current ratio value of 0.63, CTT is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
A Quick Ratio of 0.63 indicates that CTT may have some problems paying its short term obligations.
The Quick ratio of CTT (0.63) is worse than 81.25% 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.
CTT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.37%.
CTT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.02% yearly.
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
CTT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.32% yearly.
Based on estimates for the next years, CTT will show a quite strong growth in Revenue. The Revenue will grow by 11.58% on average per year.
EPS Next Y43.6%
EPS Next 2Y19.52%
EPS Next 3Y21.55%
EPS Next 5Y26.32%
Revenue Next Year22.58%
Revenue Next 2Y15.72%
Revenue Next 3Y12.57%
Revenue Next 5Y11.58%
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
CTT is valuated rather expensively with a Price/Earnings ratio of 22.44.
75.00% of the companies in the same industry are cheaper than CTT, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.34. CTT is around the same levels.
With a Price/Forward Earnings ratio of 14.81, CTT is valued correctly.
CTT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.19. CTT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 14.81 |
4.2 Price Multiples
CTT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CTT is cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.95 | ||
| 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's earnings are expected to grow with 21.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)1.99
EPS Next 2Y19.52%
EPS Next 3Y21.55%
5. Dividend
5.1 Amount
CTT has a Yearly Dividend Yield of 2.29%.
CTT's Dividend Yield is comparable with the industry average which is at 0.73.
CTT's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
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 Years4
5.3 Sustainability
57.25% of the earnings are spent on dividend by CTT. This is a bit on the high side, but may be sustainable.
The dividend of CTT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP57.25%
EPS Next 2Y19.52%
EPS Next 3Y21.55%
ELI:CTT (6/20/2025, 12:57:10 PM)
7.18
+0.02 (+0.28%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners27.73%
Inst Owner ChangeN/A
Ins Owners14.86%
Ins Owner ChangeN/A
Market Cap960.83M
Analysts75.56
Price Target8.17 (13.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
Yearly Dividend0.18
Dividend Growth(5Y)12.74%
DP57.25%
Div Incr Years3
Div Non Decr Years4
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)0%
PT rev (3m)25.75%
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%
Revenue NY rev (3m)9.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 14.81 | ||
| P/S | 0.97 | ||
| P/FCF | 1.95 | ||
| P/OCF | 1.79 | ||
| P/B | 3.96 | ||
| P/tB | 10.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.32
EY4.46%
EPS(NY)0.48
Fwd EY6.75%
FCF(TTM)3.68
FCFY51.25%
OCF(TTM)4.02
OCFY55.96%
SpS7.39
BVpS1.81
TBVpS0.67
PEG (NY)0.51
PEG (5Y)1.99
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
WACC6.5%
ROIC/WACC0.24
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 5Y26.32%
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 5Y11.58%
EBIT growth 1Y-5.67%
EBIT growth 3Y3.91%
EBIT growth 5Y11.24%
EBIT Next Year154.99%
EBIT Next 3Y43.49%
EBIT Next 5Y28.16%
FCF growth 1Y89.19%
FCF growth 3Y220.7%
FCF growth 5Y26.43%
OCF growth 1Y84.59%
OCF growth 3Y152.01%
OCF growth 5Y24.39%