POSTNL NV (PNL.AS) Fundamental Analysis & Valuation

AMS:PNL • NL0009739416

1.123 EUR
0 (-0.09%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This PNL.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, PNL scores 3 out of 10 in our fundamental rating. PNL was compared to 19 industry peers in the Air Freight & Logistics industry. Both the profitability and financial health of PNL have multiple concerns. PNL has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

2

1. PNL.AS Profitability Analysis

1.1 Basic Checks

  • PNL had negative earnings in the past year.
  • PNL had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: PNL reported negative net income in multiple years.
  • PNL had a positive operating cash flow in each of the past 5 years.
PNL.AS Yearly Net Income VS EBIT VS OCF VS FCFPNL.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M

1.2 Ratios

  • PNL has a Return On Assets of -0.73%. This is in the lower half of the industry: PNL underperforms 78.95% of its industry peers.
  • The Return On Equity of PNL (-9.09%) is worse than 84.21% of its industry peers.
  • With a Return On Invested Capital value of 0.68%, PNL is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for PNL is significantly below the industry average of 10.46%.
Industry RankSector Rank
ROA -0.73%
ROE -9.09%
ROIC 0.68%
ROA(3y)0.87%
ROA(5y)-6.35%
ROE(3y)9.03%
ROE(5y)-94.72%
ROIC(3y)4.19%
ROIC(5y)6.27%
PNL.AS Yearly ROA, ROE, ROICPNL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200 -200 400 -400

1.3 Margins

  • Looking at the Operating Margin, with a value of 0.33%, PNL is doing worse than 78.95% of the companies in the same industry.
  • PNL's Operating Margin has declined in the last couple of years.
  • PNL has a Gross Margin of 45.16%. This is comparable to the rest of the industry: PNL outperforms 47.37% of its industry peers.
  • PNL's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 0.33%
PM (TTM) N/A
GM 45.16%
OM growth 3Y-11.14%
OM growth 5Y-28.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.62%
GM growth 5Y-2.53%
PNL.AS Yearly Profit, Operating, Gross MarginsPNL.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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2

2. PNL.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PNL is destroying value.
  • Compared to 1 year ago, PNL has more shares outstanding
  • Compared to 5 years ago, PNL has more shares outstanding
  • PNL has a worse debt/assets ratio than last year.
PNL.AS Yearly Shares OutstandingPNL.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
PNL.AS Yearly Total Debt VS Total AssetsPNL.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 1.70, we must say that PNL is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.70, PNL is doing worse than 63.16% of the companies in the same industry.
  • PNL has a debt to FCF ratio of 31.71. This is a negative value and a sign of low solvency as PNL would need 31.71 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 31.71, PNL is doing worse than 73.68% of the companies in the same industry.
  • A Debt/Equity ratio of 5.18 is on the high side and indicates that PNL has dependencies on debt financing.
  • With a Debt to Equity ratio value of 5.18, PNL is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 5.18
Debt/FCF 31.71
Altman-Z 1.7
ROIC/WACC0.12
WACC5.75%
PNL.AS Yearly LT Debt VS Equity VS FCFPNL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

  • PNL has a Current Ratio of 1.07. This is a normal value and indicates that PNL is financially healthy and should not expect problems in meeting its short term obligations.
  • PNL has a better Current ratio (1.07) than 63.16% of its industry peers.
  • A Quick Ratio of 1.06 indicates that PNL should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.06, PNL is doing good in the industry, outperforming 63.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 1.06
PNL.AS Yearly Current Assets VS Current LiabilitesPNL.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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4

3. PNL.AS Growth Analysis

3.1 Past

  • The earnings per share for PNL have decreased strongly by -208.57% in the last year.
  • Looking at the last year, PNL shows a small growth in Revenue. The Revenue has grown by 2.21% in the last year.
  • The Revenue has been growing slightly by 0.42% on average over the past years.
EPS 1Y (TTM)-208.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.67%
Revenue 1Y (TTM)2.21%
Revenue growth 3Y1.87%
Revenue growth 5Y0.42%
Sales Q2Q%3.84%

3.2 Future

  • The Earnings Per Share is expected to grow by 42.11% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, PNL will show a small growth in Revenue. The Revenue will grow by 3.50% on average per year.
EPS Next Y56.5%
EPS Next 2Y30.08%
EPS Next 3Y42.11%
EPS Next 5YN/A
Revenue Next Year2.16%
Revenue Next 2Y2.53%
Revenue Next 3Y2.71%
Revenue Next 5Y3.5%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
PNL.AS Yearly Revenue VS EstimatesPNL.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B
PNL.AS Yearly EPS VS EstimatesPNL.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.1 0.2 0.3 0.4 0.5

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5

4. PNL.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • PNL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 12.74 indicates a correct valuation of PNL.
  • Based on the Price/Forward Earnings ratio, PNL is valued cheaply inside the industry as 84.21% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. PNL is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 12.74
PNL.AS Price Earnings VS Forward Price EarningsPNL.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PNL indicates a rather cheap valuation: PNL is cheaper than 84.21% of the companies listed in the same industry.
  • PNL's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 16.32
EV/EBITDA 3.89
PNL.AS Per share dataPNL.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

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 PNL's earnings are expected to grow with 42.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.08%
EPS Next 3Y42.11%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. PNL.AS Dividend Analysis

5.1 Amount

  • PNL has a Yearly Dividend Yield of 3.56%. Purely for dividend investing, there may be better candidates out there.
  • PNL's Dividend Yield is comparable with the industry average which is at 3.08.
  • PNL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.56%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
PNL.AS Yearly Dividends per sharePNL.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • PNL has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-93.75%
EPS Next 2Y30.08%
EPS Next 3Y42.11%
PNL.AS Yearly Income VS Free CF VS DividendPNL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M -800M

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PNL.AS Fundamentals: All Metrics, Ratios and Statistics

POSTNL NV

AMS:PNL (3/6/2026, 7:00:00 PM)

1.123

0 (-0.09%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)02-23
Earnings (Next)04-28
Inst Owners23.72%
Inst Owner ChangeN/A
Ins Owners5.04%
Ins Owner ChangeN/A
Market Cap571.25M
Revenue(TTM)3.32B
Net Income(TTM)-16.00M
Analysts46.67
Price Target1.02 (-9.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.56%
Yearly Dividend0.03
Dividend Growth(5Y)N/A
DP-93.75%
Div Incr Years0
Div Non Decr Years0
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)1
Avg Revenue beat(2)-1.05%
Min Revenue beat(2)-2.7%
Max Revenue beat(2)0.6%
Revenue beat(4)1
Avg Revenue beat(4)-1.08%
Min Revenue beat(4)-2.7%
Max Revenue beat(4)0.6%
Revenue beat(8)2
Avg Revenue beat(8)-1.2%
Revenue beat(12)3
Avg Revenue beat(12)-1.42%
Revenue beat(16)4
Avg Revenue beat(16)-1.58%
PT rev (1m)2.56%
PT rev (3m)2.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)9.34%
EPS NY rev (3m)9.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-0.5%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 12.74
P/S 0.17
P/FCF 16.32
P/OCF 4.05
P/B 3.25
P/tB N/A
EV/EBITDA 3.89
EPS(TTM)-0.03
EYN/A
EPS(NY)0.09
Fwd EY7.85%
FCF(TTM)0.07
FCFY6.13%
OCF(TTM)0.28
OCFY24.68%
SpS6.53
BVpS0.35
TBVpS-0.39
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.73%
ROE -9.09%
ROCE 0.89%
ROIC 0.68%
ROICexc 1.35%
ROICexgc 3.4%
OM 0.33%
PM (TTM) N/A
GM 45.16%
FCFM 1.05%
ROA(3y)0.87%
ROA(5y)-6.35%
ROE(3y)9.03%
ROE(5y)-94.72%
ROIC(3y)4.19%
ROIC(5y)6.27%
ROICexc(3y)10.68%
ROICexc(5y)14.37%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.52%
ROCE(5y)8.26%
ROICexgc growth 3Y-4.15%
ROICexgc growth 5Y-24.96%
ROICexc growth 3Y-6.49%
ROICexc growth 5Y-27.72%
OM growth 3Y-11.14%
OM growth 5Y-28.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.62%
GM growth 5Y-2.53%
F-Score3
Asset Turnover1.51
Health
Industry RankSector Rank
Debt/Equity 5.18
Debt/FCF 31.71
Debt/EBITDA 3.67
Cap/Depr 44.73%
Cap/Sales 3.19%
Interest Coverage 0.31
Cash Conversion 56.85%
Profit Quality N/A
Current Ratio 1.07
Quick Ratio 1.06
Altman-Z 1.7
F-Score3
WACC5.75%
ROIC/WACC0.12
Cap/Depr(3y)56.37%
Cap/Depr(5y)70.44%
Cap/Sales(3y)3.42%
Cap/Sales(5y)3.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-208.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.67%
EPS Next Y56.5%
EPS Next 2Y30.08%
EPS Next 3Y42.11%
EPS Next 5YN/A
Revenue 1Y (TTM)2.21%
Revenue growth 3Y1.87%
Revenue growth 5Y0.42%
Sales Q2Q%3.84%
Revenue Next Year2.16%
Revenue Next 2Y2.53%
Revenue Next 3Y2.71%
Revenue Next 5Y3.5%
EBIT growth 1Y-70.27%
EBIT growth 3Y-9.47%
EBIT growth 5Y-28.49%
EBIT Next Year448.93%
EBIT Next 3Y88.8%
EBIT Next 5YN/A
FCF growth 1Y-49.28%
FCF growth 3Y-29.76%
FCF growth 5Y-17.03%
OCF growth 1Y-16.57%
OCF growth 3Y-16.13%
OCF growth 5Y-3.21%

POSTNL NV / PNL.AS FAQ

Can you provide the ChartMill fundamental rating for POSTNL NV?

ChartMill assigns a fundamental rating of 3 / 10 to PNL.AS.


What is the valuation status for PNL stock?

ChartMill assigns a valuation rating of 5 / 10 to POSTNL NV (PNL.AS). This can be considered as Fairly Valued.


What is the profitability of PNL stock?

POSTNL NV (PNL.AS) has a profitability rating of 2 / 10.


What is the expected EPS growth for POSTNL NV (PNL.AS) stock?

The Earnings per Share (EPS) of POSTNL NV (PNL.AS) is expected to grow by 56.5% in the next year.


Can you provide the dividend sustainability for PNL stock?

The dividend rating of POSTNL NV (PNL.AS) is 3 / 10 and the dividend payout ratio is -93.75%.