CTT Stock Analysis: CTT Correios de Portugal | LS
Integrated Freight & Logistics | LS, Portugal | Market Cap: 776m EUR | 12M Return: -23.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.29M
EPS Trend: 18.9%
Rev. Trend: 98.4%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CTT Correios de Portugal SA is a diversified logistics and financial services provider headquartered in Lisbon. Operating through three primary segments-E-Commerce Solutions, Mail and Services, and Banco CTT-the company manages traditional postal delivery, express courier services, and retail banking operations. Historically the national postal operator of Portugal, the firm has transitioned its business model to capture growth in the logistics sector, which is increasingly driven by regional e-commerce penetration and last-mile delivery demand.
The company’s portfolio includes outsourced process management, advertising mail distribution, and payment services. In the industrial logistics sector, operators often leverage existing physical branch networks to cross-sell financial products, a strategy CTT employs through its integrated banking division. For a deeper look into the companys valuation metrics, consider exploring the data available on ValueRay.
Founded in 1520, CTT maintains a dominant infrastructure position within the Portuguese market. As a small-cap entity in the Air Freight & Logistics sub-industry, its performance is closely tied to domestic economic activity and the structural shift from physical mail to digital parcel volumes.
- E-commerce logistics volume growth in Iberia drives parcel revenue
- Banco CTT profitability improves on net interest margin expansion
- Mail volume structural decline pressures traditional postal segment margins
- Share buyback programs and dividend yield support shareholder returns
| Net Income: 57.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -13.81 > 1.0 |
| NWC/Revenue: -170.2% < 20% (prev -157.9%; Δ -12.30% < -1%) |
| CFO/TA 0.01 > 3% & CFO 50.7m > Net Income 57.8m |
| Net Debt (-165.9m) to EBITDA (110.6m): -1.50 < 3 |
| Current Ratio: 0.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (132.6m) vs 12m ago -2.60% < -2% |
| Gross Margin: 29.86% > 18% (prev 43.39%; Δ -13.53% > 0.5%) |
| Asset Turnover: 20.63% > 50% (prev 17.84%; Δ 2.79% > 0%) |
| Interest Coverage Ratio: 6.16 > 6 (EBIT TTM 110.6m / Interest Expense TTM 18.0m) |
| A: -0.34 (Total Current Assets 2.83b - Total Current Liabilities 4.92b) / Total Assets 6.23b |
| B: 0.03 (Retained Earnings 191.5m / Total Assets 6.23b) |
| C: 0.02 (EBIT TTM 110.6m / Avg Total Assets 5.97b) |
| D: 0.04 (Book Value of Equity 257.4m / Total Liabilities 5.91b) |
| Altman-Z'' = -1.94 = D |
| DSRI: 1.11 (Receivables 253.0m/188.4m, Revenue 1.23b/1.02b) |
| GMI: 1.45 (GM 43.39% / 29.86%) |
| AQI: 1.28 (AQ_t 0.49 / AQ_t-1 0.38) |
| SGI: 1.21 (Revenue 1.23b / 1.02b) |
| TATA: 0.00 (NI 57.8m - CFO 50.7m) / TA 6.23b) |
| Beneish M = -2.21 (Cap -4..+1) = BB |
As of July 13, 2026, the stock is trading at EUR 5.80 with a total of 490,213 shares traded. Over the past week, the price has changed by -4.53%, over one month by -3.17%, over three months by -9.37% and over the past year by -23.37%.
Current recommended Stop Loss: 5.60 (which is 3.4% or 1.3 ATR below the current price).
CTT Correios de Portugal has no consensus analysts rating.
P/E Trailing = 15.4211
P/E Forward = 10.2775
P/S = 0.5711
P/B = 2.9649
Revenue TTM = 1.23b EUR
EBIT TTM = 110.6m EUR
EBITDA TTM = 110.6m EUR
Long Term Debt = 364.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 17.0m EUR (from shortLongTermDebt, last quarter)
Debt = 179.5m EUR (Leases only: 179.5m)
Net Debt = -165.9m EUR (calculated: Debt 179.5m - CCE 345.3m)
Enterprise Value = 609.9m EUR (775.8m + Debt 179.5m - CCE 345.3m)
Interest Coverage Ratio = 6.16 (Ebit TTM 110.6m / Interest Expense TTM 18.0m)
EV/FCF = 5.29x (Enterprise Value 609.9m / FCF TTM 115.3m)
FCF Yield = 18.90% (FCF TTM 115.3m / Enterprise Value 609.9m)
FCF Margin = 9.36% (FCF TTM 115.3m / Revenue TTM 1.23b)
Net Margin = 4.69% (Net Income TTM 57.8m / Revenue TTM 1.23b)
Gross Margin = 29.86% ((Revenue TTM 1.23b - Cost of Revenue TTM 863.8m) / Revenue TTM)
Gross Margin QoQ = 7.70% (prev 56.39%)
Tobins Q-Ratio = 0.10 (Enterprise Value 609.9m / Total Assets 6.23b)
Interest Expense / Debt = 10.00% (Interest Expense 18.0m / Debt 179.5m)
Taxrate = 23.33% (18.6m / 79.7m)
NOPAT = 84.8m (EBIT 110.6m * (1 - 23.33%))
Current Ratio = 0.57 (Total Current Assets 2.83b / Total Current Liabilities 4.92b)
Debt / Equity = 0.70 (Debt 179.5m / totalStockholderEquity, last quarter 257.4m)
Debt / EBITDA = -1.50 (Net Debt -165.9m / EBITDA 110.6m)
Debt / FCF = -1.44 (Net Debt -165.9m / FCF TTM 115.3m)
Total Stockholder Equity = 245.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.97% (Net Income 57.8m / Total Assets 6.23b)
RoE = 23.56% (Net Income TTM 57.8m / Total Stockholder Equity 245.2m)
RoCE = 18.15% (EBIT 110.6m / Capital Employed (Equity 245.2m + L.T.Debt 364.1m))
RoIC = 6.80% (NOPAT 84.8m / Invested Capital 1.25b)
WACC = 6.92% (E(775.8m)/V(955.3m) * Re(6.75%) + D(179.5m)/V(955.3m) * Rd(10.00%) * (1-Tc(0.23)))
Discount Rate = 6.75% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 73.10% ; FCFF base≈426.7m ; Y1≈374.2m ; Y5≈302.3m
[DCF] Fair Price = 37.91 (EV 4.85b - Net Debt -165.9m = Equity 5.02b / Shares 132.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 18.92 | EPS CAGR: 1.99% | SUE: N/A | # QB: 0
Revenue Correlation: 98.35 | Revenue CAGR: 12.89% | SUE: -2.84 | # QB: -2
EPS current Year (2026-12-31): EPS=0.52 | Chg30d=-11.68% | Revisions=-25% | GrowthEPS=+1.4% | GrowthRev=+7.0%
EPS next Year (2027-12-31): EPS=0.59 | Chg30d=-10.11% | Revisions=-25% | GrowthEPS=+14.8% | GrowthRev=+8.2%
[Analyst] Revisions Ratio: -40% (up=0, down=2)