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bpost

DB:13B
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
13B
DB
€2B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

bpost SA/NV, together with its subsidiaries, provides mail and parcel services in Belgium and internationally. The last earnings update was 11 days ago. More info.


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13B Share Price and Events
7 Day Returns
-2.3%
DB:13B
2.6%
Europe Logistics
0%
DE Market
1 Year Returns
14.5%
DB:13B
18%
Europe Logistics
9.9%
DE Market
13B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
bpost (13B) -2.3% 10.3% 25.2% 14.5% -46.9% -46.2%
Europe Logistics 2.6% 10.1% 13.6% 18% 28.1% 37.5%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 13B underperformed the Logistics industry which returned 18% over the past year.
  • 13B outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
13B
Industry
5yr Volatility vs Market

Value

 Is bpost undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of bpost to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for bpost.

DB:13B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:13B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.8%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.996 (1 + (1- 29%) (65%))
1.306
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.306 * 6.8%)
9.11%

Discounted Cash Flow Calculation for DB:13B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for bpost is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:13B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.11%)
2020 221.50 Analyst x4 203.01
2021 233.85 Analyst x4 196.44
2022 311.05 Analyst x2 239.49
2023 313.15 Analyst x2 220.98
2024 314.72 Est @ 0.5% 203.55
2025 316.04 Est @ 0.42% 187.35
2026 317.19 Est @ 0.36% 172.33
2027 318.21 Est @ 0.32% 158.46
2028 319.14 Est @ 0.29% 145.66
2029 320.02 Est @ 0.27% 133.87
Present value of next 10 years cash flows €1,861.00
DB:13B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €320.02 × (1 + 0.23%) ÷ (9.11% – 0.23%)
€3,612.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,612.72 ÷ (1 + 9.11%)10
€1,511.25
DB:13B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,861.00 + €1,511.25
€3,372.25
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,372.25 / 200.00
€16.86
DB:13B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:13B represents 0.98977x of ENXTBR:BPOST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98977x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.86 x 0.98977
€16.69
Value per share (EUR) From above. €16.69
Current discount Discount to share price of €11.12
= -1 x (€11.12 - €16.69) / €16.69
33.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price bpost is available for.
Intrinsic value
33%
Share price is €11.12 vs Future cash flow value of €16.69
Current Discount Checks
For bpost to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • bpost's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • bpost's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for bpost's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are bpost's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:13B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €1.22
ENXTBR:BPOST Share Price ** ENXTBR (2019-11-18) in EUR €11.24
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 16.31x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of bpost.

DB:13B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:BPOST Share Price ÷ EPS (both in EUR)

= 11.24 ÷ 1.22

9.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • bpost is good value based on earnings compared to the Europe Logistics industry average.
  • bpost is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does bpost's expected growth come at a high price?
Raw Data
DB:13B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
6.3%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.57x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:13B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.17x ÷ 6.3%

1.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • bpost is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on bpost's assets?
Raw Data
DB:13B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €3.88
ENXTBR:BPOST Share Price * ENXTBR (2019-11-18) in EUR €11.24
Europe Logistics Industry PB Ratio Median Figure of 28 Publicly-Listed Logistics Companies 2.56x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:13B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:BPOST Share Price ÷ Book Value per Share (both in EUR)

= 11.24 ÷ 3.88

2.9x

* Primary Listing of bpost.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • bpost is overvalued based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess bpost's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check)
  5. bpost has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is bpost expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is bpost expected to grow at an attractive rate?
  • bpost's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • bpost's earnings growth is positive but not above the Germany market average.
  • bpost's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:13B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:13B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 6.3%
DB:13B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.1%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:13B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:13B Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,169 521 1
2022-12-31 4,079 518 278 2
2021-12-31 3,950 418 207 7
2020-12-31 3,881 405 199 8
2019-12-31 3,820 351 186 8
2019-11-18
DB:13B Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 3,772 431 232
2019-06-30 3,756 369 245
2019-03-31 3,768 334 251
2018-12-31 3,779 362 265
2018-09-30 3,633 185 229
2018-06-30 3,405 176 262
2018-03-31 3,176 240 293
2017-12-31 2,977 266 325
2017-09-30 2,724 343 357
2017-06-30 2,619 318 357
2017-03-31 2,514 327 344
2016-12-31 2,399 353 344

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • bpost's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • bpost's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:13B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from bpost Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:13B Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.39 1.39 1.39 1.00
2021-12-31 1.03 1.21 0.86 6.00
2020-12-31 1.02 1.09 0.86 5.00
2019-12-31 0.99 1.01 0.96 3.00
2019-11-18
DB:13B Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30
2019-06-30 1.22
2019-03-31 1.25
2018-12-31 1.32
2018-09-30 1.14
2018-06-30 1.31
2018-03-31 1.46
2017-12-31 1.62
2017-09-30 1.78
2017-06-30 1.78
2017-03-31 1.72
2016-12-31 1.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • bpost is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess bpost's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
bpost has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has bpost performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare bpost's growth in the last year to its industry (Logistics).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • bpost's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • bpost's 1-year earnings growth exceeds its 5-year average (1.4% vs -3.4%)
  • bpost's earnings growth has not exceeded the Europe Logistics industry average in the past year (1.4% vs 9.6%).
Earnings and Revenue History
bpost's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from bpost Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:13B Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 3,771.90 231.70 85.90
2019-06-30 3,755.80 245.20 127.50
2019-03-31 3,768.20 251.00 151.50
2018-12-31 3,779.20 264.80 173.00
2018-09-30 3,632.50 228.60 156.30
2018-06-30 3,404.80 262.10 150.30
2018-03-31 3,176.40 293.10 136.80
2017-12-31 2,976.90 324.90 123.00
2017-09-30 2,723.50 356.60 108.30
2017-06-30 2,619.10 356.60 98.20
2017-03-31 2,514.40 344.00 92.60
2016-12-31 2,399.40 343.80 86.90
2016-09-30 2,355.00 338.60 78.10
2016-06-30 2,370.30 303.40 67.50
2016-03-31 2,376.30 306.90 67.00
2015-12-31 2,393.40 307.00 83.30
2015-09-30 2,402.20 262.60 66.10
2015-06-30 2,416.40 289.60 68.10
2015-03-31 2,432.10 290.90 67.80
2014-12-31 2,441.80 293.60 68.70
2014-09-30 2,430.90 294.60 68.70
2014-06-30 2,420.60 295.90 70.00
2014-03-31 2,411.80 284.80 70.10
2013-12-31 2,403.00 285.40 70.00
2013-09-30 2,399.60 195.60 69.80
2013-06-30 2,394.00 178.00 68.20
2013-03-31 2,397.50 183.10 67.00
2012-12-31 2,396.00 173.30 65.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst bpost has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • bpost used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • bpost's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess bpost's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
bpost has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is bpost's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up bpost's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • bpost is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • bpost's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of bpost's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from bpost Company Filings, last reported 1 month ago.

DB:13B Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 807.20 1,460.50 713.10
2019-06-30 770.30 1,015.50 770.20
2019-03-31 766.00 1,000.40 830.30
2018-12-31 702.20 1,006.50 680.10
2018-09-30 810.40 892.70 544.30
2018-06-30 783.30 785.40 491.20
2018-03-31 755.20 761.50 616.10
2017-12-31 777.80 737.10 466.00
2017-09-30 930.20 69.80 588.60
2017-06-30 881.80 62.10 658.50
2017-03-31 849.90 57.70 717.00
2016-12-31 779.40 54.60 550.90
2016-09-30 898.10 66.60 724.40
2016-06-30 842.60 66.60 796.60
2016-03-31 806.90 65.90 858.30
2015-12-31 694.80 66.00 615.70
2015-09-30 813.10 75.20 765.90
2015-06-30 788.20 75.40 795.90
2015-03-31 787.10 75.60 860.90
2014-12-31 681.40 73.10 562.30
2014-09-30 849.00 85.50 731.60
2014-06-30 787.60 86.00 770.50
2014-03-31 705.20 86.60 815.10
2013-12-31 576.90 83.40 448.20
2013-09-30 715.80 95.30 631.10
2013-06-30 663.10 95.30 633.70
2013-03-31 683.80 94.20 883.90
2012-12-31 726.80 93.10 713.20
  • bpost's level of debt (125.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.7% vs 125.6% today).
  • Debt is well covered by operating cash flow (42.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.7x coverage).
X
Financial health checks
We assess bpost's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. bpost has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is bpost's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.66%
Current annual income from bpost dividends. Estimated to be 7.28% next year.
If you bought €2,000 of bpost shares you are expected to receive €233 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • bpost's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • bpost's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:13B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:13B Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.81 7.00
2020-12-31 0.82 7.00
2019-12-31 0.83 5.00
2019-11-18
DB:13B Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 1.310 14.073
2018-03-13 1.310 11.312
2017-03-08 1.310 5.493
2016-12-05 1.300 5.761
2016-05-11 1.290 5.550
2015-12-07 1.270 5.544
2015-03-16 1.260 5.261
2014-03-26 1.400 7.190
2014-02-14 1.400 9.068
2013-11-29 2.130 14.600

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • bpost has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • bpost has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of bpost's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess bpost's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can bpost afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. bpost has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of bpost's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Koen Van Gerven
COMPENSATION €902,124
AGE 60
TENURE AS CEO 5.8 years
CEO Bio

Mr. Koen Van Gerven has been the Chief Executive Officer of bpost SA/NV (formerly bpost NV-SA) since February 26, 2014 and is responsible for Residential Market and Mass Channels, ICT. Mr. Van Gerven serves as a Honorary Director of ADM. He served as a Director of Retail & Financial Services at bpost NV-SA (known as De Post-La Poste) since July 2006 and also served as its Chief Information Officer from 2009 to 2012. Prior to joining the bpost, he served as Chief Executive Officer of Acerta Group from 2001 to 2006 and held a number of executive positions at Generale Bank (now BNP Paribas Fortis) from 1982 to 2001. He has been Director of bpost NV-SA since 2014 and served as a Director of ADM. Mr. Van Gerven holds a degree in Commercial Engineering from Katholieke Universiteit Leuven (KU Leuven) and an MBA from Cornell University.

CEO Compensation
  • Koen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Koen's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the bpost management team in years:

4.2
Average Tenure
60
Average Age
  • The tenure for the bpost management team is about average.
Management Team

Koen Van Gerven

TITLE
CEO & Director
COMPENSATION
€902K
AGE
60
TENURE
5.8 yrs

Leen Geirnaerdt

TITLE
Chief Financial Officer
AGE
45
TENURE
0.5 yrs

Dirk Tirez

TITLE
Chief Legal Officer & Group Company Secretary
TENURE
12.1 yrs

Mark Michiels

TITLE
Chief of Human Resources & Organisation
TENURE
4.2 yrs

Nico Cools

TITLE
Chief IT & Digital Officer
AGE
63

Pierre Winand

TITLE
Director of Parcels & Logistics - North America
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the bpost board of directors in years:

2.5
Average Tenure
61.5
Average Age
  • The average tenure for the bpost board of directors is less than 3 years, this suggests a new board.
Board of Directors

François Cornelis

TITLE
Independent Chairman of the Board
COMPENSATION
€55K
AGE
69
TENURE
2.5 yrs

Koen Van Gerven

TITLE
CEO & Director
COMPENSATION
€902K
AGE
60
TENURE
5.8 yrs

Ray Stewart

TITLE
Independent Director
COMPENSATION
€36K
AGE
70
TENURE
5.2 yrs

Laurent Levaux

TITLE
Director
COMPENSATION
€12K
AGE
63
TENURE
0.5 yrs

Caroline Ven

TITLE
Director
COMPENSATION
€14K
TENURE
0.5 yrs

Mike Stone

TITLE
Independent Director
COMPENSATION
€38K
AGE
59
TENURE
5.2 yrs

Bernadette Lambrechts

TITLE
Non-Executive Director
COMPENSATION
€31K
TENURE
5.7 yrs

Jos Donvil

TITLE
Non-Executive Director
COMPENSATION
€22K
TENURE
2.5 yrs

Philly Teixeira

TITLE
Independent Director
COMPENSATION
€35K
TENURE
2.5 yrs

Saskia Van Uffelen

TITLE
Independent Director
COMPENSATION
€45K
AGE
57
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess bpost's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. bpost has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

bpost SA/NV, together with its subsidiaries, provides mail and parcel services in Belgium and internationally. The company operates in two segments, Mail & Retail Solutions, and Parcels & Logistics. Its mail and parcels services include collection, transport, sorting, and distribution of addressed and non-addressed mail, printed documents, newspapers, and parcels, as well as e-commerce logistics, express delivery, proximity and convenience, document management, and related services. The company also offers transactional mails, advertising mails, press, domestic and international parcels, logistic solutions, value-added services, international mails, banking and financial products, insurance, and distribution products. It serves big customers, private and public customers, self-employed workers, small and medium businesses, and residential customers, as well as customers using mass market channels, such as the post offices, the Post Points, point of sales of Ubiway, or the bpost’s e-Shop to purchase their mail, press, and other products. The company is headquartered in Brussels, Belgium.

Details
Name: bpost SA/NV
13B
Exchange: DB
Founded:
€2,247,010,605
200,000,944
Website: http://www.post.be
Address: bpost SA/NV
Place de la Monnaie,
Brussels,
Brussels, 1000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR BPOST Ordinary Shares Euronext Brussels BE EUR 21. Jun 2013
OTCPK BPOS.F Ordinary Shares Pink Sheets LLC US USD 21. Jun 2013
DB 13B Ordinary Shares Deutsche Boerse AG DE EUR 21. Jun 2013
LSE 0QF5 Ordinary Shares London Stock Exchange GB EUR 21. Jun 2013
SWX BPOST Ordinary Shares SIX Swiss Exchange CH CHF 21. Jun 2013
WBAG BPOS Ordinary Shares Wiener Boerse AG AT EUR 21. Jun 2013
BMV BPOST N Ordinary Shares Bolsa Mexicana de Valores MX MXN 21. Jun 2013
BATS-CHIXE BPOSTB Ordinary Shares BATS 'Chi-X Europe' GB EUR 21. Jun 2013
OTCPK BPOS.Y UNSPONSORD ADR Pink Sheets LLC US USD 17. Oct 2013
Number of employees
Current staff
Staff numbers
34,976
bpost employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:50
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.