Added to YB: 2025-03-06
Pitch date: 2025-02-28
CTT.LS [bullish]
CTT - Correios De Portugal, S.A.
-6.76%
current return
Author Info
No bio for this author
Company Info
CTT - Correios De Portugal, S.A., together with its subsidiaries, engages in reference postal business in Portugal and internationally.
Market Cap
EUR 875.3M
Pitch Price
EUR 6.78
Price Target
21.00 (+232%)
Dividend
2.58%
EV/EBITDA
-3.77
P/E
17.37
EV/Sales
-0.57
Sector
Air Freight and Logistics
Category
turnaround
Greenhaven Road Capital Partners Fund Portfolio Holding: CTT - Correios De Portugal, S.A.
CTT.LS: Portuguese postal co transformation. Mail renegotiated, real estate monetized, banking improved. Q4 2024 pivotal: e-commerce growth, Spanish expansion, DHL JV boosts EBIT. Conservative 2-3x return potential in 2 years. Bank sale & real estate divestment likely. Activist investor Steven Wood key to turnaround.
Read full article (5 min)