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PostNL

DB:TNTC
Snowflake Description

Undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNTC
DB
€957M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and Internationally. The last earnings update was 16 days ago. More info.


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TNTC Share Price and Events
7 Day Returns
-1.2%
DB:TNTC
-0%
Europe Logistics
-0.5%
DE Market
1 Year Returns
-20%
DB:TNTC
19.4%
Europe Logistics
12.2%
DE Market
TNTC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PostNL (TNTC) -1.2% -8.5% 7.6% -20% -56.8% -38.4%
Europe Logistics -0% 9.7% 12.5% 19.4% 26.3% 35.2%
DE Market -0.5% 4.4% 11.1% 12.2% 13.8% 16.6%
1 Year Return vs Industry and Market
  • TNTC underperformed the Logistics industry which returned 19.4% over the past year.
  • TNTC underperformed the Market in Germany which returned 12.2% over the past year.
Price Volatility
TNTC
Industry
5yr Volatility vs Market

Value

 Is PostNL 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 PostNL 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 PostNL.

DB:TNTC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
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:TNTC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
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- 25%) (95.5%))
1.475
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.475 * 5.96%)
9.02%

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

The calculations below outline how an intrinsic value for PostNL 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:TNTC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.02%)
2020 -160.00 Analyst x1 -146.76
2021 141.00 Analyst x3 118.63
2022 188.10 Analyst x1 145.17
2023 209.00 Analyst x1 147.95
2024 223.32 Est @ 6.85% 145.01
2025 234.18 Est @ 4.86% 139.48
2026 242.32 Est @ 3.47% 132.38
2027 248.37 Est @ 2.5% 124.47
2028 252.89 Est @ 1.82% 116.24
2029 256.28 Est @ 1.34% 108.06
Present value of next 10 years cash flows €1,030.00
DB:TNTC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €256.28 × (1 + 0.23%) ÷ (9.02% – 0.23%)
€2,921.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,921.50 ÷ (1 + 9.02%)10
€1,231.78
DB:TNTC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,030.00 + €1,231.78
€2,261.78
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,261.78 / 493.95
€4.58
DB:TNTC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TNTC represents 0.99587x of ENXTAM:PNL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99587x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.58 x 0.99587
€4.56
Value per share (EUR) From above. €4.56
Current discount Discount to share price of €1.93
= -1 x (€1.93 - €4.56) / €4.56
57.7%

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

Current Discount
Amount off the current price PostNL is available for.
Intrinsic value
>50%
Share price is €1.93 vs Future cash flow value of €4.56
Current Discount Checks
For PostNL to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PostNL's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PostNL's share price is below the future cash flow value, and 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 PostNL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PostNL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TNTC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-28) in EUR €0.27
ENXTAM:PNL Share Price ** ENXTAM (2019-11-20) in EUR €1.94
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 16.43x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.86x

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

** Primary Listing of PostNL.

DB:TNTC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:PNL Share Price ÷ EPS (both in EUR)

= 1.94 ÷ 0.27

7.15x

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

  • PostNL is good value based on earnings compared to the Europe Logistics industry average.
  • PostNL is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does PostNL's expected growth come at a high price?
Raw Data
DB:TNTC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
31.4%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.74x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.15x ÷ 31.4%

0.23x

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

  • PostNL is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PostNL's assets?
Raw Data
DB:TNTC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-28) in EUR €-0.05
ENXTAM:PNL Share Price * ENXTAM (2019-11-20) in EUR €1.94
Europe Logistics Industry PB Ratio Median Figure of 28 Publicly-Listed Logistics Companies 2.51x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
DB:TNTC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:PNL Share Price ÷ Book Value per Share (both in EUR)

= 1.94 ÷ -0.05

-35.67x

* Primary Listing of PostNL.

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

  • PostNL has negative assets, we can't compare the value of its assets to the Europe Logistics industry average.
X
Value checks
We assess PostNL'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. PostNL has a total score of 5/6, 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 PostNL expected to perform in the next 1 to 3 years based on estimates from 4 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
31.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PostNL expected to grow at an attractive rate?
  • PostNL's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • PostNL's earnings growth is expected to exceed the Germany market average.
  • PostNL's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TNTC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TNTC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 31.4%
DB:TNTC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.7%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
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:TNTC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TNTC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,435 2
2022-12-31 3,308 2
2021-12-31 3,231 270 144 3
2020-12-31 3,131 -28 103 4
2019-12-31 2,849 128 55 4
2019-11-20
DB:TNTC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-28 2,795 138 129
2019-06-29 2,797 45 135
2019-03-31 2,782 -33 119
2018-12-31 2,772 -43 127
2018-09-29 2,760 0 123
2018-06-30 2,752 36 129
2018-03-31 2,529 85 161
2017-12-31 2,725 89 179
2017-09-30 2,898 154 191
2017-07-01 3,038 93 157
2017-04-01 3,419 125 281
2016-12-31 3,413 110 279
2016-10-01 3,465 137 285

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PostNL's earnings are expected to grow significantly at over 20% yearly.
  • PostNL's revenue is expected to grow by 4.7% 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:TNTC 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 4 Analyst Estimates (S&P Global) See Below

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

DB:TNTC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.30 0.34 0.24 4.00
2020-12-31 0.22 0.30 0.18 4.00
2019-12-31 0.10 0.14 0.06 3.00
2019-11-20
DB:TNTC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-28 0.27
2019-06-29 0.29
2019-03-31 0.26
2018-12-31 0.27
2018-09-29 0.27
2018-06-30 0.28
2018-03-31 0.36
2017-12-31 0.40
2017-09-30 0.43
2017-07-01 0.35
2017-04-01 0.63
2016-12-31 0.63
2016-10-01 0.64

*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.
  • PostNL is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess PostNL'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.
PostNL has a total score of 4/6, 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 PostNL 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 PostNL'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.
  • PostNL's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • PostNL's 1-year earnings growth exceeds its 5-year average (4.8% vs -9.8%)
  • PostNL's earnings growth has not exceeded the Europe Logistics industry average in the past year (4.8% vs 9.6%).
Earnings and Revenue History
PostNL'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 PostNL Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TNTC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-28 2,795.00 129.00
2019-06-29 2,797.00 135.00
2019-03-31 2,782.00 119.00
2018-12-31 2,772.00 127.00
2018-09-29 2,760.00 123.00
2018-06-30 2,752.00 129.00
2018-03-31 2,529.00 161.00
2017-12-31 2,725.00 179.00
2017-09-30 2,898.00 191.00
2017-07-01 3,038.00 157.00
2017-04-01 3,419.00 281.00
2016-12-31 3,413.00 279.00
2016-10-01 3,465.00 285.00
2016-07-02 3,475.00 313.00
2016-04-02 3,475.00 187.00
2015-12-31 3,461.00 183.00
2015-09-26 3,451.00 208.00
2015-06-27 3,463.00 201.00
2015-03-28 3,468.00 204.00
2014-12-31 3,473.00 223.00
2014-09-27 3,642.00 126.00
2014-06-28 3,819.00 333.00
2014-03-29 3,981.00 294.00
2013-12-31 4,162.00 -170.00
2013-09-28 4,195.00 -22.00
2013-06-29 4,248.00 -406.00
2013-03-30 4,297.00 -387.00
2012-12-31 4,328.00 656.00

*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.
  • It is difficult to establish if PostNL has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • PostNL used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • PostNL's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PostNL'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.
PostNL 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 PostNL'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 PostNL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PostNL is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PostNL's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PostNL'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.
  • PostNL has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 PostNL Company Filings, last reported 1 month ago.

DB:TNTC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-28 -23.00 710.00 525.00
2019-06-29 -4.00 407.00 214.00
2019-03-31 49.00 402.00 253.00
2018-12-31 49.00 399.00 269.00
2018-09-29 -23.00 411.00 222.00
2018-06-30 16.00 630.00 524.00
2018-03-31 61.00 629.00 627.00
2017-12-31 37.00 623.00 645.00
2017-09-30 -14.00 554.00 491.00
2017-07-01 -14.00 554.00 524.00
2017-04-01 -29.00 553.00 620.00
2016-12-31 -76.00 555.00 640.00
2016-10-01 -186.00 557.00 523.00
2016-07-02 -175.00 913.00 987.00
2016-04-02 -187.00 914.00 329.00
2015-12-31 -206.00 933.00 355.00
2015-09-26 -434.00 935.00 205.00
2015-06-27 -350.00 951.00 191.00
2015-03-28 -568.00 1,287.00 596.00
2014-12-31 -590.00 1,275.00 585.00
2014-09-27 -741.00 923.00 416.00
2014-06-28 -612.00 1,282.00 487.00
2014-03-29 -601.00 1,263.00 482.00
2013-12-31 -686.00 1,279.00 451.00
2013-09-28 -663.00 1,627.00 330.00
2013-06-29 -900.00 1,627.00 250.00
2013-03-30 -680.00 1,614.00 285.00
2012-12-31 -292.00 1,615.00 391.00
  • PostNL has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if PostNL's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (19.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 162x coverage).
X
Financial health checks
We assess PostNL'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. PostNL has a total score of 2/6, 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 PostNL'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
12.9%
Current annual income from PostNL dividends. Estimated to be 8.26% next year.
If you bought €2,000 of PostNL shares you are expected to receive €258 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?
  • PostNL's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • PostNL's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
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:TNTC 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 4 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 335 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:TNTC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.24 4.00
2020-12-31 0.08 1.00
2019-12-31 0.08 3.00
2019-11-20
DB:TNTC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-08-05 0.250 13.240
2019-02-25 0.240 12.978
2018-02-26 0.230 8.368
2017-11-06 0.120 3.069
2017-08-07 0.120 3.396
2017-03-06 0.120 2.810
2014-05-06 0.000 0.000
2014-02-24 0.000 0.000
2013-11-04 0.000 0.000
2013-08-05 0.000 0.000
2013-05-07 0.000 0.000
2013-02-25 0.000 0.000
2012-11-05 0.362 15.852
2012-08-06 0.341 11.791
2012-02-27 0.363 11.289
2011-08-08 0.449 16.462
2011-02-21 0.508 6.116
2010-08-02 0.562 3.202
2010-04-14 0.473 2.463
2009-11-02 0.321 1.762
2009-07-27 0.321 2.036
2009-05-04 0.000 0.000
2009-02-16 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of PostNL's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess PostNL'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 PostNL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PostNL 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 PostNL'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
Herna Verhagen
COMPENSATION €1,204,669
AGE 53
TENURE AS CEO 7.6 years
CEO Bio

Ms. Hendrika W. P. M. A. Verhagen, also known as Herna, has been the Chief Executive Officer of PostNL N.V. since April 23, 2012. She employed with PostNL N.V. since June 1993. She has been Member of Supervisory Board at ING Groep NV since October 1, 2019. Ms. Verhagen serves as Chairman of Management Board at PostNL N.V. and has been its Member of Management Board since May 31, 2011. She has been Member of Supervisory Board at ING Bank NV since October 1, 2019. Ms. Verhagen’s portfolio includes corporate strategy, public affairs, communications, corporate responsibility, human resources and internal audit. Ms. Verhagen serves as Managing Director of HR at TNT N.V. Ms. Verhagen joined TNT Post in 1993 as a Sales Manager before going on to hold a number of senior positions including Commercial Director, Coordinating Managing Director Mail NL. She served as Sales Director at TNT Post. She is a Member of the advisory council of Rijkswaterstaat. She served as Managing Director of Parcels and International PostNL since 2011. She served as a Second Vice Chairman of Supervisory Board at SRH N.V. (formerly, SNS Reaal N.V.), from February 1, 2013 to November 1, 2013 and De Volksbank N.V. until November 1, 2013. She has been an Independent Director Rexel S.A. since May 22, 2014. She served as a Director of Idorsia Ltd. until April 24, 2018. She served as a Member of Supervisory Board at Nutreco N.V. from April 1, 2010 to 2015. She served as a Member of Supervisory Board at SRH N.V. until November 1, 2013. She served as a Member of Supervisory Board at SRLEV N.V. until November 1, 2013. She served as a Director of Actelion Ltd. since May 8, 2015 until June 16, 2017. She served as a Member of Supervisory Board at Rexel SA since November 28, 2013. She served as a Member of Supervisory Board at De Volksbank N.V. since April 16, 2008 until November 1, 2013. She served as Member of the Supervisory Board at SRH N.V. from June 12, 2008 to November 1, 2013. She is a Member of the General Board of the Confederation of Netherlands Industry and Employers (VNO-NCW). She is also Member of the Supervisory Board of Concertgebouw. Ms. Verhagen obtained a LLM in Business Law from the University of Nijmegen in 1988, a MSc in Human Resources from the Tilburg University in 1991, an International Management Degree from INSEAD in 1999, a Degree in Economics from the London School of Economics in 2004 and an Executive MBA Degree from Stanford University in 2008.

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

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

6
Average Tenure
53
Average Age
  • The average tenure for the PostNL management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Herna Verhagen

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€1M
AGE
53
TENURE
7.6 yrs

Pim Berendsen

TITLE
CFO & Member of Managing Board
COMPENSATION
€567K
AGE
46
TENURE
1.6 yrs

Jochem van de Laarschot

TITLE
Director Communications & Investor Relations

Arno Van Bijnen

TITLE
Director of Marketing & Sales Mail Segment

Bob van Ierland

TITLE
Director of Group HR Segment

Mark Pell

TITLE
Managing Director of Gulf & Saudi Arabia

Tim Dattels

TITLE
Co-Head of Asian Operations
AGE
55

Ganen Sarvananthan

TITLE
Managing Director of Asian Business and Partner
AGE
44
TENURE
5.6 yrs

Tex Gunning

TITLE
Chief Executive Officer of TNT Express N V
AGE
69
TENURE
6.4 yrs

Resi Becker

TITLE
Director of Operation for Mail in the Netherlands
Board of Directors Tenure

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

2.6
Average Tenure
62
Average Age
  • The average tenure for the PostNL board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jan Nooitgedagt

TITLE
Chairman of the Supervisory Board
COMPENSATION
€44K
AGE
66
TENURE
1.4 yrs

Jacques Wallage

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€58K
AGE
73
TENURE
1.4 yrs

Thessa Menssen

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
AGE
52
TENURE
8.5 yrs

Frank Rövekamp

TITLE
Member of the Supervisory Board
COMPENSATION
€45K
AGE
64
TENURE
7.6 yrs

Agnes Jongerius

TITLE
Member of the Supervisory Board
COMPENSATION
€46K
AGE
59
TENURE
6.6 yrs

Eelco Blok

TITLE
Member of Supervisory Board
COMPENSATION
€53K
AGE
62
TENURE
2.6 yrs

Marike Van Lier Lels

TITLE
Member of the Supervisory Board
AGE
60
TENURE
0.6 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 PostNL'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. PostNL 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

PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and Internationally. The company operates through Parcels, Mail in the Netherlands, and PostNL Other segments. It collects, sorts, transports, and delivers letters and parcels; and provides data and document management, direct marketing, and fulfillment services, as well as cross-border mail, parcels, and packet solutions. The company was formerly known as TNT N.V. and changed its name to PostNL N.V. in May 2011. PostNL N.V. was founded in 1946 and is headquartered in The Hague, the Netherlands.

Details
Name: PostNL N.V.
TNTC
Exchange: DB
Founded: 1946
€957,033,135
493,952,586
Website: http://www.postnl.nl
Address: PostNL N.V.
Prinses Beatrixlaan 23,
The Hague,
Zuid-Holland, 2595 AK,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM PNL Ordinary Shares Euronext Amsterdam NL EUR 22. Jun 1998
OTCPK TNTF.F Ordinary Shares Pink Sheets LLC US USD 22. Jun 1998
DB TNTC Ordinary Shares Deutsche Boerse AG DE EUR 22. Jun 1998
LSE 0P47 Ordinary Shares London Stock Exchange GB EUR 22. Jun 1998
SWX PN6 Ordinary Shares SIX Swiss Exchange CH CHF 22. Jun 1998
BATS-CHIXE PNLA Ordinary Shares BATS 'Chi-X Europe' GB EUR 22. Jun 1998
OTCPK PSTN.Y UNSPONSORD ADR Pink Sheets LLC US USD 06. Feb 2018
Number of employees
Current staff
Staff numbers
36,434
PostNL employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 20:44
End of day share price update: 2019/11/20 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/28
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.