Professional
Added to YB: 2025-08-14
Pitch date: 2025-08-08
CTTPY [neutral]
CTT - Correios De Portugal, S.A.
-5.66%
current return
Author Info
GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. Sign up for the newsletter.
Company Info
CTT - Correios De Portugal, S.A., together with its subsidiaries, provides postal and financial services worldwide.
Market Cap
EUR 1.0B
Pitch Price
EUR 7.60
Price Target
N/A
Dividend
2.20%
EV/EBITDA
-4.52
P/E
21.75
EV/Sales
-0.76
Sector
Air Freight and Logistics
Category
growth
GreenWood Investors Portfolio Holding: CTT - Correios De Portugal, S.A.
CTTPY (holding update): CTT delivers best-in-class execution in Iberian e-commerce logistics with unique 'rails' across fulfillment, customs, last-mile, creating unmatched competitive advantages. Raised guidance on strong M&A. BancoCTT capturing ~50% of new Portuguese accounts, valued at 1.5x book amid bank consolidation. Sum-of-parts value increasingly attractive as interest rates rise.
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