InPost S.A. (NL:INPST)
:INPST
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InPost S.A.
(INPST)
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Rating:61Neutral
Price Target:
€16.00
▲(55.34% Upside)
Action:ReiteratedDate:04/17/26
The score is primarily held back by elevated financial risk from high leverage and a notable 2025 profitability/cash-conversion softening. Technicals are supportive with price above major moving averages and positive momentum, but the high P/E and lack of dividend yield weigh on valuation.
Positive Factors
Revenue Growth & Scale
Sustained multi-year revenue expansion indicates durable market adoption of InPost's OOH locker and last-mile services. Continued top-line growth supports network densification, improves unit economics over time and strengthens bargaining leverage with large e-commerce customers.
Negative Factors
High Leverage
Persistently high leverage and a large absolute debt stock constrain financial flexibility, raise refinancing and interest-rate risk, and limit capacity for opportunistic spending. This structural capital-structure risk weakens resilience to macro shocks or slower parcel volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Scale
Sustained multi-year revenue expansion indicates durable market adoption of InPost's OOH locker and last-mile services. Continued top-line growth supports network densification, improves unit economics over time and strengthens bargaining leverage with large e-commerce customers.
Read all positive factors
InPost S.A. (INPST) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€7.61B
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)40.0
Beta (1Y)0.88
Revenue Growth36.78%
EPS Growth-55.49%
CountryNL
Employees7,733
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.10
Shares Outstanding500,000,000
10 Day Avg. Volume1,672,384
30 Day Avg. Volume2,192,848
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)6.92
Price to Sales (P/S)1.50
P/FCF Ratio15.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€17.30Price Target Upside67.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.17
Revenue Forecast (FY)€17.09B
InPost S.A. Business Overview & Revenue Model
Company Description
InPost S.A., together with its subsidiaries, operates as an out-of-home e-commerce enablement platform providing parcel locker services in Europe. It operates through four segments: APM (automated parcel machines), To-Door, Mondial Relay, and Inte...
How the Company Makes Money
InPost makes money mainly by providing parcel delivery and out-of-home parcel handling services to e-commerce merchants, marketplaces, and logistics partners. Its core revenue streams typically include: (1) fees for delivering and handling parcels...
InPost S.A. Earnings Call Summary
Earnings Call Date:Nov 07, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Positive
The earnings call was predominantly positive, highlighting significant revenue growth, international expansion, and strong profitability. However, there were notable operational challenges in the U.K. due to the Yodel integration, affecting short-term margins.Positive Updates
Record-Breaking Revenue and Growth
InPost Group delivered record-breaking volumes and revenue growth with 351 million parcels handled, marking an increase of 34%. Revenue reached PLN 3.8 billion, up almost 50% year-on-year.
Negative Updates
Technical and Operational Setback in the U.K.
A technical issue during the Yodel integration caused a customer backlog, leading to a pause in further integration work until Q1 '26.
Read all updates
Q3-2025 Updates
Positive
Negative
Record-Breaking Revenue and Growth
InPost Group delivered record-breaking volumes and revenue growth with 351 million parcels handled, marking an increase of 34%. Revenue reached PLN 3.8 billion, up almost 50% year-on-year.
Read all positive updates
Company Guidance
During the InPost Third Quarter 2025 Earnings Call, the company provided robust guidance with several key financial metrics. The call highlighted a 34% increase in parcel volumes to 351 million and a nearly 50% rise in revenue to PLN 3.8 billion year-on-year. The company's adjusted EBITDA reached PLN 1.1 billion, reflecting a 24% increase and a solid 28% margin. International diversification was emphasized, with 54% of group revenue generated outside Poland. InPost's network expanded to almost 90,000 out-of-home points, with significant growth in the Eurozone and the U.K., enhanced by strategic acquisitions like Yodel. InPost also noted strong customer engagement through its mobile app, with app users placing 40% more orders than non-users. The company maintained its guidance for full-year revenue growth between 35% and 40% and volume growth between 25% and 30%, emphasizing a focus on quality and medium-term strategic priorities.InPost S.A. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
46
Neutral
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.64B | 10.92B | 8.84B | 7.06B | 4.58B |
| Gross Profit | 3.46B | 10.66B | 7.52B | 6.81B | 4.48B |
| EBITDA | 3.97B | 3.49B | 2.45B | 1.93B | 1.44B |
| Net Income | 549.06M | 1.25B | 647.40M | 456.40M | 491.60M |
Balance Sheet | |||||
| Total Assets | 17.26B | 12.89B | 9.73B | 8.76B | 7.29B |
| Cash, Cash Equivalents and Short-Term Investments | 952.14M | 780.50M | 567.40M | 432.80M | 490.10M |
| Total Debt | 10.04B | 7.76B | 6.65B | 6.70B | 5.93B |
| Total Liabilities | 14.09B | 10.44B | 8.44B | 8.29B | 7.30B |
| Stockholders Equity | 3.18B | 2.46B | 1.29B | 469.00M | -6.90M |
Cash Flow | |||||
| Free Cash Flow | 1.39B | 1.56B | 1.06B | 230.70M | 164.40M |
| Operating Cash Flow | 2.85B | 2.96B | 2.08B | 1.35B | 1.10B |
| Investing Cash Flow | -2.31B | -1.73B | -1.27B | -1.12B | -3.20B |
| Financing Cash Flow | -363.02M | -1.02B | -681.40M | -285.90M | 2.45B |
InPost S.A. Technical Analysis
Positive
10.30
Price Trends
15.06
Positive
13.35
Positive
12.46
Positive
Market Momentum
0.08
Positive
65.50
Neutral
67.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:INPST, the sentiment is Positive. The current price of 10.3 is below the 20-day moving average (MA) of 15.10, below the 50-day MA of 15.06, and below the 200-day MA of 12.46, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 65.50 is Neutral, neither overbought nor oversold. The STOCH value of 67.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:INPST.
InPost S.A. Peers Comparison
UnderperformOutperform
Sector (63)
NL:INPST
InPost S.A.
15.22
0.05
0.33%
NL:AZRN
Azerion Group N.V
0.80
-0.70
-46.67%
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
28.50
8.25
40.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.