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CFA equity research - CTT Correios de Portugal, S.A: CTT accelerating Iberian integration through a strategic acquisition
| Nome: | Descrição: | Tamanho: | Formato: | |
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| 7.5 MB | Adobe PDF |
Orientador(es)
Resumo(s)
CTT – Correios de Portugal, a company originally focused on mail and parcels, has
expanded into Financial Services and Banking. On October 31st, 2024. On October 31st
,
2024, CTT was trading at €4.28. Performing a sum of parts valuation, the analysis yields
to an estimated stock price of €4.93, representing an upside of 15%.
CTT’s value is estimated to be mainly driven by the growth and profitability of E&P. As
CTT wants to build an Iberian offer, this thesis evaluates the strategic and financial
rationale of a potential acquisition of Sending Transporte y Communicacion SAU. The
analysis of both revenue and cost synergies will yield a final stock price of €6,43.
Descrição
Palavras-chave
CFA Equity research M&A E-commerce CTT- Correios de Portugal