CTT Stock Analysis: CTT Correios de Portugal | LS
Integrated Freight & Logistics | LS, Portugal | Market Cap: 622m EUR | 12M Return: -33% | PTCTT0AM0001 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.39M
EPS Trend: -16.1%
Rev. Trend: 98.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
CTT - Correios De Portugal, S.A. is the Portuguese national postal service, founded in 1520 and headquartered in Lisbon. The company operates through three business segments: E-Commerce Solutions, Mail and Services, and Banco CTT. Its operations span courier and express delivery, advertising mail distribution, contact center and outsourced process management, and a range of banking products and services through Banco CTT.
Listed on the Lisbon Stock Exchange with a small-cap market cap of approximately $875M USD, CTT sits within the Industrials sector under Air Freight & Logistics. The postal and parcel industry has shifted significantly toward e-commerce driven volumes, pressuring traditional letter mail while creating growth opportunities in last-mile delivery and logistics solutions.
- E-commerce parcel volumes drive E-Commerce Solutions segment growth
- ECB rate cuts compress Banco CTT net interest margins
- Universal Service Obligation compensation under regulatory review
| Net Income: 47.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.81 > 1.0 |
| NWC/Revenue: -163.1% < 20% (prev -167.9%; Δ 4.80% < -1%) |
| CFO/TA 0.01 > 3% & CFO 41.5m > Net Income 47.4m |
| Net Debt (-184.0m) to EBITDA (91.0m): -2.02 < 3 |
| Current Ratio: 0.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (131.2m) vs 12m ago -1.40% < -2% |
| Gross Margin: 43.93% > 18% (prev 40.35%; Δ 3.57% > 0.5%) |
| Asset Turnover: 21.04% > 50% (prev 18.66%; Δ 2.37% > 0%) |
| Interest Coverage Ratio: 4.50 > 6 (EBIT TTM 91.0m / Interest Expense TTM 20.2m) |
| A: -0.32 (Total Current Assets 2.82b - Total Current Liabilities 4.94b) / Total Assets 6.54b |
| B: 0.03 (Retained Earnings 178.9m / Total Assets 6.54b) |
| C: 0.01 (EBIT TTM 91.0m / Avg Total Assets 6.18b) |
| D: 0.05 (Book Value of Equity 309.5m / Total Liabilities 6.13b) |
| Altman-Z'' = -1.89 = D |
| DSRI: 0.95 (Receivables 205.0m/180.6m, Revenue 1.30b/1.09b) |
| GMI: 0.92 (GM 40.35% / 43.93%) |
| AQI: 1.23 (AQ_t 0.51 / AQ_t-1 0.42) |
| SGI: 1.20 (Revenue 1.30b / 1.09b) |
| TATA: 0.00 (NI 47.4m - CFO 41.5m) / TA 6.54b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of November 14, 2026, the stock is trading at EUR 4.74 with a total of 487,143 shares traded. Over the past week, the price has changed by +4.82%, over one month by -12.55%, over three months by -25.35% and over the past year by -32.99%.
Current recommended Stop Loss: 4.50 (which is 5.1% or 1.4 ATR below the current price).
CTT Correios de Portugal has no consensus analysts rating.
P/E Trailing = 15.2903
P/E Forward = 10.2775
P/S = 0.4479
P/B = 1.9951
Revenue TTM = 1.30b EUR
EBIT TTM = 91.0m EUR
EBITDA TTM = 91.0m EUR
Long Term Debt = 391.3m EUR (from longTermDebt, last quarter)
Short Term Debt = 11.2m EUR (from shortLongTermDebt, last quarter)
Debt = 177.7m EUR (Leases only: 177.7m)
Net Debt = -184.0m EUR (calculated: Debt 177.7m - CCE 361.7m)
Enterprise Value = 437.7m EUR (621.7m + Debt 177.7m - CCE 361.7m)
Interest Coverage Ratio = 4.50 (Ebit TTM 91.0m / Interest Expense TTM 20.2m)
EV/FCF = 3.80x (Enterprise Value 437.7m / FCF TTM 115.3m)
FCF Yield = 26.33% (FCF TTM 115.3m / Enterprise Value 437.7m)
FCF Margin = 8.86% (FCF TTM 115.3m / Revenue TTM 1.30b)
Net Margin = 3.65% (Net Income TTM 47.4m / Revenue TTM 1.30b)
Gross Margin = 43.93% ((Revenue TTM 1.30b - Cost of Revenue TTM 729.2m) / Revenue TTM)
Gross Margin QoQ = 58.69% (prev 57.31%)
Tobins Q-Ratio = 0.07 (Enterprise Value 437.7m / Total Assets 6.54b)
Interest Expense / Debt = 11.38% (Interest Expense 20.2m / Debt 177.7m)
Taxrate = 26.64% (18.9m / 70.8m)
NOPAT = 66.7m (EBIT 91.0m * (1 - 26.64%))
Current Ratio = 0.57 (Total Current Assets 2.82b / Total Current Liabilities 4.94b)
Debt / Equity = 0.57 (Debt 177.7m / totalStockholderEquity, last quarter 309.5m)
Debt / EBITDA = -2.02 (Net Debt -184.0m / EBITDA 91.0m)
Debt / FCF = -1.60 (Net Debt -184.0m / FCF TTM 115.3m)
Total Stockholder Equity = 264.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.77% (Net Income 47.4m / Total Assets 6.54b)
RoE = 17.92% (Net Income TTM 47.4m / Total Stockholder Equity 264.6m)
RoCE = 13.87% (EBIT 91.0m / Capital Employed (Equity 264.6m + L.T.Debt 391.3m))
RoIC = 4.36% (NOPAT 66.7m / Invested Capital 1.53b)
WACC = 7.41% (E(621.7m)/V(799.4m) * Re(7.14%) + D(177.7m)/V(799.4m) * Rd(11.38%) * (1-Tc(0.27)))
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 73.10% ; FCFF base≈152.4m ; Y1≈133.7m ; Y5≈108.0m
[DCF] Fair Price = 14.62 (EV 1.73b - Net Debt -184.0m = Equity 1.92b / Shares 131.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -16.10 | EPS CAGR: -1.77% | SUE: N/A | # QB: 0
Revenue Correlation: 98.88 | Revenue CAGR: 14.81% | SUE: 0.37 | # QB: 0
EPS current Year (2026-12-31): EPS=0.45 | Chg30d=-19.09% | Revisions=+0% | GrowthEPS=-12.7% | GrowthRev=+7.1%
EPS next Year (2027-12-31): EPS=0.50 | Chg30d=-13.72% | Revisions=-40% | GrowthEPS=+13.1% | GrowthRev=+7.7%
[Analyst] Revisions Ratio: -40% (up=0, down=2)