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Poste Italiane S.p.A (PST) Fair Value & Analysis

Industrials · IT · Market cap €36.8B

PI Poste Italiane S.p.A PST · MI
Price€27.33
Fair Value€14.98
Upside-45.2%
Quality64/100
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Weak Growth
Solidly profitable · 17.0% net margin
Low debt · generates free cash flow
4.43% dividend yield
Mixed vs. peers (7/14)
Moderate moat 64/100
Evidence: High Range €11.23 – €18.72 Share as image

Fair value as of: Jul 27, 2026

From 24 valuation models · updated 11 days ago

Share price −5.1% over the past month.

A solid business, but screening 45% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€18.72). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€29.23 €6.14 Fair Value €14.98 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range €6.14 – €29.23 · fair‑value band €11.23 – €18.72 · the €27.33 price screens above the €14.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.

Full chart & analysis →

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Analysis

Poste Italiane S.p.A (PST) currently trades at €27.33, while our model-based Fair Value estimate is €14.98, implying the stock looks roughly 45.2% overvalued today. We read business quality at 64/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Poste Italiane S.p.A generated revenue of €14.3B at a net margin of 17.0%. Revenue grew 8.5% year over year. It earns a return on equity of 19.0%. Net debt stands at €3.3B. Fundamentals as of Jul 27, 2026

Our scenario range runs from €11.23 (bear case) to €18.72 (bull case); at €27.33, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -45%, PST screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €12.80 €17.17 €24.64 80
Residual Income €11.22 €13.93 €29.84 76
Rev-Margin DCF €15.59 €23.74 €33.62 74
All 24 models by family
DCF Models
FCF DCF €12.27 €16.77 €25.10 38
Owner Earnings €16.06 €22.04 €33.13 31
5Y Revenue Exit €15.59 €23.47 €34.95 39
5Y EBITDA Exit €21.73 €34.10 €50.48 41
5Y P/E Exit €18.73 €28.90 €41.04 38
10Y Revenue Exit €13.71 €19.47 €25.76 36
10Y EBITDA Exit €17.92 €26.05 €34.88 37
10Y P/E Exit €16.10 €22.83 €29.33 35
Earnings-Based
Graham-Dodd €11.63 €14.22 €16.00 54
EPV €18.29 €21.20 €23.75 59
Dividend Discount
Gordon GGM €10.66 €11.67 €13.21 70
DDM Multi-Stage €10.66 €13.38 €17.18 61
Multiples
P/E Multiple €25.67 €34.22 €42.78 63
P/S Multiple €19.70 €26.26 €32.83 58
P/B Multiple €21.82 €29.09 €36.36 55
EV/EBIT €33.87 €44.89 €55.91 53
EV/EBITDA €32.18 €42.63 €53.09 54
EV/Revenue €19.20 €27.08 €34.96 43
Asset-Based
NCAV (Graham) €5.35 €7.17 €10.70 50
Growth DCF
Growth DCF €12.80 €17.17 €24.64 80
Rev-Margin DCF €15.59 €23.74 €33.62 74
Economic Profit
Residual Income €11.22 €13.93 €29.84 76
ROIC Compounder €18.29 €21.98 €25.79 72
Growth Earnings
Growth-Adj P/E €18.16 €25.94 €33.72 68

Widest divergence: Multiples (€29.09) versus Asset-Based (€7.17). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €14.3B
Revenue growth (YoY) +8.5%
Net margin 17.0%
Return on equity 19.0%
Free cash flow €1.5B FY2025
P/E ratio 15.1
More key figures
Operating margin 24.4%
EPS (TTM) €1.88
Dividend yield 4.4%
EPS growth (YoY) +36.9%
Net debt €3.3B FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 43 · Market factors (momentum, volatility) 83

Profitability 32
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Poste Italiane S.p.A. provides postal, logistics, and financial and insurance products and services in Italy. The company operates through four segments: Mail, Parcels and Distribution; PostePay Services; Financial Services; and Insurance Services.

Full company description

Poste Italiane S.p.A. provides postal, logistics, and financial and insurance products and services in Italy. The company operates through four segments: Mail, Parcels and Distribution; PostePay Services; Financial Services; and Insurance Services. Its Mail, Parcels and Distribution segment engages in the mail, parcel, and logistics activities, as well as provision of welfare services. The PostePay Services segment provides payment management and e-money services through a network of LIS sales points, as well as mobile and fixed telephone services and electricity and gas sales services. Its Financial Services segment engages in the placement and distribution of financial and insurance products and services, such as current accounts, postal savings products, mutual funds, financing, insurance policies, and activities. The Insurance Services segment is involved in the investment, retirement, and protection businesses through the issuance of life and P&C insurance products. The company was founded in 1862 and is based in Rome, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Poste Italiane S.p.A reported revenue of €13.6B in FY2025 versus €31.6B in FY2021, a compound −19.0%/yr. Reported net income was €2.2B in FY2025, compounding +8.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€13.6B
Latest YoY
+5.1%
Avg. growth/yr (3Y)
−24.7%
Avg. growth/yr (5Y)
−14.6%
Avg. growth/yr (22Y)
+2.3%
Revenue −19.0%/yr
FY21 €31.6B
FY22 €31.8B
FY23 €20.1B
FY24 €12.9B
FY25 €13.6B
Net income +8.8%/yr
FY21 €1.6B
FY22 €1.5B
FY23 €1.9B
FY24 €2.0B
FY25 €2.2B

PST screens 45% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Poste Italiane S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/PST

Peer Group

Conglomerates · 371 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside −45% · Below median
Return on equity (TTM) 19% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.36× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 15.1× · Cheaper than median
P/B 3.06× · Pricier than 75% of peers
P/S (TTM) 2.96× · Pricier than 75% of peers
P/FCF 27.8× · Pricier than 75% of peers
EV/EBITDA 10.0× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 19
FUTURE 43 · sector 16
PAST 76 · sector 20
HEALTH 82 · sector 89
DIVIDEND 89 · sector 40

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).

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SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
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Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Poste Italiane S.p.A (PST) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of €14.98 versus a price of €27.33, about −45% (overvalued).
What is the fair value of PST?
Our model-based fair value for Poste Italiane S.p.A is €14.98 (as of Jul 27, 2026), built from audited fundamentals. The current price is €27.33.
What is the quality score of PST?
Poste Italiane S.p.A has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Poste Italiane S.p.A (PST)?
Poste Italiane S.p.A reported trailing-twelve-month revenue of about €14.3B (latest available figure, as of Jul 27, 2026).
What is the net profit margin of PST?
The net profit margin of Poste Italiane S.p.A is about 17.0%, meaning it keeps roughly 17.0% of revenue as net income. Based on the latest reported figures.
Does Poste Italiane S.p.A pay a dividend?
Poste Italiane S.p.A currently shows a dividend yield of about 4.43% relative to its recent price (as of Jul 27, 2026).

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.

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