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 15 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CTT had positive earnings in the past year.
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 has a worse Return On Assets (0.78%) than 80.00% of its industry peers.
CTT has a better Return On Equity (17.99%) than 73.33% of its industry peers.
CTT has a worse Return On Invested Capital (1.53%) than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CTT is significantly below the industry average of 7.51%.
| 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 has a Profit Margin of 4.41%. This is in the better half of the industry: CTT outperforms 66.67% of its industry peers.
CTT's Profit Margin has improved in the last couple of years.
The Operating Margin of CTT (8.32%) is better than 86.67% 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 46.67% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CTT is destroying value.
The number of shares outstanding for CTT has been reduced compared to 1 year ago.
The number of shares outstanding for CTT has been reduced compared to 5 years ago.
Compared to 1 year ago, CTT has a worse debt to assets ratio.
2.2 Solvency
CTT has an Altman-Z score of 0.02. This is a bad value and indicates that CTT is not financially healthy and even has some risk of bankruptcy.
CTT has a worse Altman-Z score (0.02) than 73.33% of its industry peers.
CTT has a debt to FCF ratio of 9.04. This is a negative value and a sign of low solvency as CTT would need 9.04 years to pay back of all of its debts.
With a Debt to FCF ratio value of 9.04, CTT perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
CTT has a Debt/Equity ratio of 18.16. This is a high value indicating a heavy dependency on external 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 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 18.16 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 0.02 |
ROIC/WACC0.23
WACC6.64%
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.
CTT has a Current ratio of 0.63. This is amonst the worse of the industry: CTT underperforms 80.00% 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 amonst the worse of the industry: CTT underperforms 80.00% 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.
The Revenue has been growing slightly by 7.02% on average over the past years.
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
The Earnings Per Share is expected to grow by 26.32% on average over the next years. This is a very strong growth
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.69 indicates a rather expensive valuation of CTT.
Compared to the rest of the industry, the Price/Earnings ratio of CTT indicates a rather expensive valuation: CTT more expensive than 80.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.47, CTT is valued at the same level.
CTT is valuated correctly with a Price/Forward Earnings ratio of 16.30.
CTT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CTT is more expensive than 60.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.91. CTT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.69 | ||
| Fwd PE | 16.3 |
4.2 Price Multiples
86.67% of the companies in the same industry are more expensive than CTT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.15 | ||
| 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.
A more expensive valuation may be justified as CTT's earnings are expected to grow with 21.55% in the coming years.
PEG (NY)0.57
PEG (5Y)2.19
EPS Next 2Y19.52%
EPS Next 3Y21.55%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.25%, CTT has a reasonable but not impressive dividend return.
CTT's Dividend Yield is comparable with the industry average which is at 3.49.
CTT's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
5.2 History
On average, the dividend of CTT grows each year by 12.74%, which is quite nice.
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.
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 (7/11/2025, 5:29:42 PM)
7.9
-0.11 (-1.37%)
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 Cap1.06B
Analysts75.56
Price Target8.68 (9.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
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)6.24%
PT rev (3m)23.51%
EPS NQ rev (1m)-28.57%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)7.22%
Revenue NQ rev (1m)-2.51%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.69 | ||
| Fwd PE | 16.3 | ||
| P/S | 1.07 | ||
| P/FCF | 2.15 | ||
| P/OCF | 1.97 | ||
| P/B | 4.36 | ||
| P/tB | 11.84 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.32
EY4.05%
EPS(NY)0.48
Fwd EY6.14%
FCF(TTM)3.68
FCFY46.58%
OCF(TTM)4.02
OCFY50.86%
SpS7.39
BVpS1.81
TBVpS0.67
PEG (NY)0.57
PEG (5Y)2.19
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 | 0.02 |
F-Score6
WACC6.64%
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 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%