Österreichische Post AG (POST.VI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+47.7%

€47.05

vs €31.85 price

Levered DCF

€14.56

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.46

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	15.87×	14.12×	16.68×	15.81×	16.8×	16.4×	15.67×	14.09×
P/B	2.89×	2.71×	3.23×	2.92×	3.96×	3.09×	3.33×	2.91×
P/S	0.69×	0.62×	0.81×	0.79×	1.01×	0.89×	1.14×	1.04×
EV / EBITDA	8.86×	6.52×	6.47×	4.67×	4.13×	5.19×	7.48×	6.13×
Gross margin	16.5%	17.5%	14.9%	14.4%	15.6%	15.8%	19.6%	16.6%
Operating margin	3.1%	4.2%	6.1%	7.2%	9.3%	7.8%	10.0%	11.0%
Net margin	4.3%	4.4%	4.8%	5.0%	6.0%	5.4%	7.2%	7.3%
Current ratio	0.37×	0.7×	0.84×	3.3×	0.54×	0.93×	0.96×	1.25×
Debt / equity	1.15×	0.94×	1.01×	1×	0.63×	0.58×	0.45×	0.01×
Interest coverage	3.19×	5.05×	3.78×	7.73×	12.32×	22.13×	25.47×	82.5×
Dividend yield	5.9%	6.2%	5.5%	6.9%	4.7%	7.2%	6.1%	6.8%
Payout ratio	93.5%	87.2%	91.3%	108.4%	78.8%	118.8%	96.0%	96.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.2%	19.2%	19.4%	18.5%	23.6%	18.9%	21.2%	20.6%
Return on invested capital	3.3%	5.4%	7.2%	3.1%	11.3%	8.4%	9.8%	13.9%
Return on assets	2.0%	2.1%	2.3%	2.3%	3.2%	4.4%	7.2%	8.5%
Free cash flow yield	11.1%	-1.1%	4.1%	-12.6%	12.4%	29.1%	6.9%	7.2%
Earnings yield	6.3%	7.1%	6.0%	6.3%	6.0%	6.1%	6.4%	7.1%
Enterprise value	€2.7B	€2.5B	€2.7B	€1.7B	€1.7B	€1.6B	€2.5B	€1.7B
Net debt / EBITDA	2.06×	1.53×	1.19×	-0.68×	-2.24×	-1×	0.62×	-1.06×
Cash conversion cycle (days)	30	36	261	37	31	24	10	12