POSTNL NV (PNL.AS)
NL0009739416 - Common Stock
We assign a fundamental rating of 4 out of 10 to PNL. PNL was compared to 14 industry peers in the Air Freight & Logistics industry. While PNL is still in line with the averages on profitability rating, there are concerns on its financial health. PNL has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year PNL was profitable.
PNL had a positive operating cash flow in the past year.
PNL had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PNL had a positive operating cash flow.
1.2 Ratios
PNL has a worse Return On Assets (1.23%) than 78.57% of its industry peers.
PNL has a Return On Equity (16.57%) which is comparable to the rest of the industry.
PNL has a worse Return On Invested Capital (3.12%) than 64.29% of its industry peers.
PNL had an Average Return On Invested Capital over the past 3 years of 8.02%. This is in line with the industry average of 7.81%.
The last Return On Invested Capital (3.12%) for PNL is well below the 3 year average (8.02%), which needs to be investigated, but indicates that PNL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.23% | ||
| ROE | 16.57% | ||
| ROIC | 3.12% |
ROA(3y)-10.61%
ROA(5y)-4.4%
ROE(3y)-157.64%
ROE(5y)N/A
ROIC(3y)8.02%
ROIC(5y)9.1%
1.3 Margins
With a Profit Margin value of 0.95%, PNL is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of PNL has grown nicely.
PNL has a Operating Margin of 1.70%. This is amonst the worse of the industry: PNL underperforms 85.71% of its industry peers.
In the last couple of years the Operating Margin of PNL has declined.
PNL's Gross Margin of 46.17% is in line compared to the rest of the industry. PNL outperforms 42.86% of its industry peers.
PNL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.7% | ||
| PM (TTM) | 0.95% | ||
| GM | 46.17% |
OM growth 3Y-27.81%
OM growth 5Y-16.4%
PM growth 3Y-35.72%
PM growth 5Y7.86%
GM growth 3Y-2.95%
GM growth 5Y-1.34%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PNL is creating value.
PNL has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PNL has more shares outstanding
Compared to 1 year ago, PNL has an improved debt to assets ratio.
2.2 Solvency
PNL has an Altman-Z score of 1.50. This is a bad value and indicates that PNL is not financially healthy and even has some risk of bankruptcy.
PNL has a Altman-Z score of 1.50. This is in the lower half of the industry: PNL underperforms 64.29% of its industry peers.
The Debt to FCF ratio of PNL is 8.04, which is on the high side as it means it would take PNL, 8.04 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PNL (8.04) is worse than 71.43% of its industry peers.
PNL has a Debt/Equity ratio of 4.56. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 4.56, PNL is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.56 | ||
| Debt/FCF | 8.04 | ||
| Altman-Z | 1.5 |
ROIC/WACC0.85
WACC3.69%
2.3 Liquidity
A Current Ratio of 0.97 indicates that PNL may have some problems paying its short term obligations.
PNL has a worse Current ratio (0.97) than 64.29% of its industry peers.
PNL has a Quick Ratio of 0.97. This is a bad value and indicates that PNL is not financially healthy enough and could expect problems in meeting its short term obligations.
PNL has a Quick ratio (0.96) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
PNL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 326.92%, which is quite impressive.
The earnings per share for PNL have been decreasing by -23.07% on average. This is quite bad
The Revenue has been growing slightly by 0.79% in the past year.
Measured over the past years, PNL shows a small growth in Revenue. The Revenue has been growing by 2.69% on average per year.
EPS 1Y (TTM)326.92%
EPS 3Y-30.45%
EPS 5Y-23.07%
EPS Q2Q%0%
Revenue 1Y (TTM)0.79%
Revenue growth 3Y-0.93%
Revenue growth 5Y2.69%
Sales Q2Q%3.52%
3.2 Future
The Earnings Per Share is expected to grow by 16.02% on average over the next years. This is quite good.
PNL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.36% yearly.
EPS Next Y-7.45%
EPS Next 2Y11.24%
EPS Next 3Y13.22%
EPS Next 5Y16.02%
Revenue Next Year1.05%
Revenue Next 2Y1.89%
Revenue Next 3Y2%
Revenue Next 5Y3.36%
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
PNL is valuated reasonably with a Price/Earnings ratio of 11.13.
Compared to the rest of the industry, the Price/Earnings ratio of PNL is on the same level as its industry peers.
PNL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 30.97.
A Price/Forward Earnings ratio of 8.91 indicates a reasonable valuation of PNL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PNL indicates a rather cheap valuation: PNL is cheaper than 92.86% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PNL to the average of the S&P500 Index (22.29), we can say PNL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 8.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PNL is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PNL is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.89 | ||
| EV/EBITDA | 4.63 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PNL's earnings are expected to grow with 13.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.24%
EPS Next 3Y13.22%
5. Dividend
5.1 Amount
PNL has a Yearly Dividend Yield of 4.88%, which is a nice return.
Compared to an average industry Dividend Yield of 4.15, PNL pays a bit more dividend than its industry peers.
PNL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
5.2 History
The dividend of PNL decreases each year by -15.43%.
Dividend Growth(5Y)-15.43%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
110.00% of the earnings are spent on dividend by PNL. This is not a sustainable payout ratio.
DP110%
EPS Next 2Y11.24%
EPS Next 3Y13.22%
POSTNL NV
AMS:PNL (10/9/2024, 10:52:33 AM)
1.224
+0.01 (+0.74%)
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 Cap614.58M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(16)
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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 | 11.13 | ||
| Fwd PE | 8.91 | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.23% | ||
| ROE | 16.57% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 1.7% | ||
| PM (TTM) | 0.95% | ||
| GM | 46.17% | ||
| 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 Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.56 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.96 | ||
| 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)326.92%
EPS 3Y-30.45%
EPS 5Y
EPS Q2Q%
EPS Next Y-7.45%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.79%
Revenue growth 3Y-0.93%
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