Financials Poste Italiane S.p.A.

Equities

PST

IT0003796171

Air Freight & Logistics

Market Closed - Borsa Italiana 11:44:59 2024-04-26 am EDT 5-day change 1st Jan Change
11.8 EUR +0.60% Intraday chart for Poste Italiane S.p.A. +1.29% +14.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,165 10,823 15,012 11,851 13,311 15,286 - -
Enterprise Value (EV) 1 90,532 104,537 111,786 110,513 104,493 96,013 92,950 90,034
P/E ratio 9.81 x 8.98 x 9.51 x 7.88 x 6.93 x 7.96 x 7.73 x 7.3 x
Yield 4.58% 5.84% 5.11% 7.12% 7.79% 7.72% 8.17% 9.01%
Capitalization / Revenue 1.19 x 1.03 x 1.34 x 1 x 1.1 x 1.26 x 1.23 x 1.2 x
EV / Revenue 8.2 x 9.93 x 9.96 x 9.3 x 8.62 x 7.89 x 7.47 x 7.04 x
EV / EBITDA 35.5 x 47 x 42.4 x 35.4 x 30.5 x 27.1 x 25.5 x 23.6 x
EV / FCF - 84.5 x 32.6 x -175 x - 47.4 x 44.1 x 42.5 x
FCF Yield - 1.18% 3.07% -0.57% - 2.11% 2.27% 2.35%
Price to Book 1.36 x 0.94 x 1.24 x - - 1.39 x 1.31 x 1.21 x
Nbr of stocks (in thousands) 1,300,852 1,300,852 1,300,877 1,298,574 1,295,434 1,295,434 - -
Reference price 2 10.12 8.320 11.54 9.126 10.28 11.80 11.80 11.80
Announcement Date 3/6/20 2/17/21 3/23/22 3/30/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,038 10,526 11,220 11,889 12,128 12,169 12,442 12,791
EBITDA 1 2,548 2,224 2,636 3,121 3,431 3,541 3,645 3,821
EBIT 1 1,774 1,524 1,846 2,291 2,620 2,693 2,786 2,993
Operating Margin 16.07% 14.48% 16.45% 19.27% 21.6% 22.13% 22.39% 23.4%
Earnings before Tax (EBT) 1 1,872 1,576 2,168 2,328 2,727 2,760 2,837 2,995
Net income 1 1,342 1,207 1,578 1,506 1,922 1,942 2,019 2,145
Net margin 12.16% 11.47% 14.06% 12.67% 15.85% 15.96% 16.23% 16.77%
EPS 2 1.032 0.9270 1.214 1.158 1.483 1.483 1.526 1.617
Free Cash Flow 1 - 1,237 3,430 -630 - 2,024 2,109 2,117
FCF margin - 11.75% 30.57% -5.3% - 16.64% 16.95% 16.55%
FCF Conversion (EBITDA) - 55.62% 130.12% - - 57.17% 57.85% 55.4%
FCF Conversion (Net income) - 102.49% 217.36% - - 104.26% 104.43% 98.71%
Dividend per Share 2 0.4630 0.4860 0.5900 0.6500 0.8000 0.9113 0.9635 1.064
Announcement Date 3/6/20 2/17/21 3/23/22 3/30/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 5,083 5,684 2,761 2,775 2,973 2,892 5,865 2,880 3,144 3,044 3,007 6,050 2,827 3,250 3,009 3,008 2,952 3,297 -
EBITDA 1 - - - 424 - - - - 453 - 1,027 - 739 709 889.4 930.5 844.9 891.9 -
EBIT 1 766 1,049 566 230 694 698 1,392 662 237 767 799 1,566 539 515 681.1 721.2 639.8 672.2 -
Operating Margin 15.07% 18.46% 20.5% 8.29% 23.34% 24.14% 23.73% 22.99% 7.54% 25.2% 26.57% 25.88% 19.07% 15.85% 22.64% 23.98% 21.68% 20.39% -
Earnings before Tax (EBT) - - 586 494 713 683 - 670 263 777 854 - 550 546 - - - - -
Net income 1 546 772 401 406 495 467 962 461 84 540 597 1,137 379 406 475.1 476.6 476.5 498.5 -
Net margin 10.74% 13.58% 14.52% 14.63% 16.65% 16.15% 16.4% 16.01% 2.67% 17.74% 19.85% 18.79% 13.41% 12.49% 15.79% 15.84% 16.14% 15.12% -
EPS 2 - - 0.3100 0.3110 - 0.3610 - 0.3540 0.0640 0.4150 0.4610 - 0.2920 0.3140 0.3646 0.3657 0.3657 0.3825 -
Dividend per Share 2 - - - 0.4050 - - - - 0.6500 - - - - 0.8000 - - - 0.9662 -
Announcement Date 7/31/20 8/4/21 11/11/21 3/23/22 5/12/22 7/28/22 7/28/22 11/10/22 3/30/23 5/4/23 7/25/23 7/25/23 11/7/23 2/29/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 77,367 93,714 96,774 98,662 91,182 80,727 77,663 74,747
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 30.36 x 42.14 x 36.71 x 31.61 x 26.58 x 22.8 x 21.31 x 19.56 x
Free Cash Flow 1 - 1,237 3,430 -630 - 2,024 2,109 2,117
ROE (net income / shareholders' equity) 15.1% 11.4% 13.4% 14.3% 21.2% 18.3% 18.4% 18.7%
ROA (Net income/ Total Assets) 0.6% 0.47% - 0.55% 0.72% 0.72% 0.74% 0.78%
Assets 1 223,555 256,809 - 273,173 266,463 269,098 271,235 273,231
Book Value Per Share 2 7.430 8.810 9.300 - - 8.470 8.980 9.730
Cash Flow per Share 0.8600 1.470 - - - - - -
Capex 1 733 680 754 810 - 866 899 986
Capex / Sales 6.64% 6.46% 6.72% 6.81% - 7.12% 7.22% 7.71%
Announcement Date 3/6/20 2/17/21 3/23/22 3/30/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
11.8 EUR
Average target price
13.07 EUR
Spread / Average Target
+10.79%
Consensus
  1. Stock Market
  2. Equities
  3. PST Stock
  4. Financials Poste Italiane S.p.A.