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CTT - Correios De Portugal, S.A (CTT) Fair Value & Analysis

Industrials · PT · Market cap €794M

CC CTT - Correios De Portugal, S.A CTT · LS
Price€6.00
Fair Value€8.75
Upside+45.8%
Quality50/100
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Evidence: High Range €6.56 – €10.94

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 8 days ago

Share price −3.2% over the past month.

Price vs Fair Value (12 months)

€7.87 €5.56 Fair Value €8.75 Jun 2025 Jun 2026

12‑month range €5.56 – €7.87 · fair‑value band €6.56 – €10.94 · the €6.00 price screens below the €8.75 fair value. As of Jun 24, 2026.

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Analysis

CTT - Correios De Portugal, S.A (CTT) currently trades at €6.00, while our model-based Fair Value estimate is €8.75 — implying the stock looks roughly 45.8% undervalued today. We read business quality at 50/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, CTT - Correios De Portugal, S.A generated revenue of €1.4B at a net margin of 3.7%. Revenue grew 1.9% year over year. It earns a return on equity of 17.0%. Net debt stands at €35.7M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €1.4B
Revenue growth (YoY) +1.9%
Net margin 3.7%
Return on equity 17.0%
Free cash flow €115M FY2025
P/E ratio 15.8
More key figures
Operating margin 3.6%
EPS (TTM) €0.3800
EPS growth (YoY) -30.3%
Net debt €35.7M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

CTT - Correios De Portugal, S.A., together with its subsidiaries, engages in reference postal business in Portugal and internationally. The company operates through three segments: E-Commerce Solutions, Mail and Services, and Banco CTT. It is involved in consulting, outsource process management, and contact center operations; courier services, urgent mail transport, express mail, and delivery of goods; distribution of advertising mail; payment services; and provision of various banking products and services. The company was founded in 1520 and is headquartered in Lisbon, Portugal.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CTT - Correios De Portugal, S.A reported revenue of €1.2B in FY2025 versus €814M in FY2021, a compound +10.9%/yr. Reported net income was €50.7M in FY2025, compounding +7.2%/yr from FY2021.

Revenue +10.9%/yr
FY21 €814M
FY22 €863M
FY23 €943M
FY24 €1.1B
FY25 €1.2B
Net income +7.2%/yr
FY21 €38.4M
FY22 €36.4M
FY23 €60.5M
FY24 €45.5M
FY25 €50.7M

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Frequently asked questions

Is CTT - Correios De Portugal, S.A (CTT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €8.75 versus a price of €6.00 — about +46% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CTT?
Our model-based fair value for CTT - Correios De Portugal, S.A is €8.75 (as of Jun 24, 2026), built from audited fundamentals. The current price is €6.00.
What is the quality score of CTT?
CTT - Correios De Portugal, S.A has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of CTT - Correios De Portugal, S.A (CTT)?
CTT - Correios De Portugal, S.A reported trailing-twelve-month revenue of about €1.4B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of CTT?
The net profit margin of CTT - Correios De Portugal, S.A is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.