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InPost S.A. (NL:INPST)
:INPST
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InPost S.A.
(INPST)
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Rating:64Neutral
Price Target:
€11.50
▲(11.65% Upside)
InPost S.A.'s overall stock score is driven by strong earnings call performance and robust financial growth. However, high leverage, bearish technical indicators, and moderate valuation weigh down the score. The company's ability to manage its debt and operational challenges will be crucial for future performance.
Positive Factors
International Expansion
International expansion diversifies revenue streams and reduces reliance on the domestic market, enhancing long-term growth potential.
Revenue Growth
Strong revenue growth indicates robust demand for services and effective market penetration, supporting sustainable business expansion.
Network Expansion
Expanding the network of parcel lockers enhances service accessibility and convenience, strengthening competitive positioning.
Negative Factors
High Leverage
High leverage can limit financial flexibility and increase risk, potentially impacting long-term financial stability and growth.
Operational Challenges in the U.K.
Operational challenges in key markets can hinder service quality and customer satisfaction, affecting market reputation and growth.
Declining Free Cash Flow
Declining free cash flow limits the ability to invest in growth opportunities and manage debt, impacting long-term financial health.
InPost S.A. (INPST) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€5.24B
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)21.8
Beta (1Y)0.86
Revenue Growth30.31%
EPS Growth0.33%
CountryNL
Employees7,733
SectorServices
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.16
Shares Outstanding500,000,000
10 Day Avg. Volume1,182,877
30 Day Avg. Volume1,078,839
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)14.36
Price to Sales (P/S)3.23
P/FCF Ratio22.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€16.68Price Target Upside61.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.63
Revenue Forecast (FY)€3.47B
InPost S.A. Business Overview & Revenue Model
Company DescriptionInPost S.A. is a leading provider of innovative logistics solutions, specializing in automated parcel lockers and last-mile delivery services. Operating primarily in the e-commerce sector, InPost offers a seamless experience for consumers and retailers alike by facilitating easy pick-up and drop-off of parcels. The company is notable for its extensive network of self-service parcel machines, which enable convenient and contactless package handling across various urban and suburban locations.
How the Company Makes MoneyInPost generates revenue primarily through the operation of its parcel lockers, where it charges e-commerce retailers for the delivery and return of packages. Revenue streams include fees from retailers for delivery services, as well as fees charged to consumers for using the lockers for returns. Additionally, the company may earn income from partnerships with logistics companies and retailers that utilize its infrastructure for last-mile delivery solutions. Significant partnerships with major e-commerce platforms further enhance its revenue potential, as these collaborations drive higher volumes of packages delivered through its network.
InPost S.A. Earnings Call Summary
Earnings Call Date:Nov 07, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 26, 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.Q3-2025 Updates
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.
International Expansion Success
54% of group revenue came from outside Poland. The Eurozone segment saw a 24% volume increase. The U.K. volumes more than tripled with the Yodel integration.
Strong Profitability
Adjusted EBITDA reached PLN 1.1 billion, up 24% with a solid 28% margin. Poland's adjusted EBITDA margin improved to 49.2% compared to 46.8% last year.
Network Expansion
InPost operated almost 90,000 out-of-home points. The ATM network expanded by nearly 13,000 new machines in the last 12 months.
Mobile App Growth
The InPost app rollout continued with an increasing number of active users in the U.K. and France, contributing to higher order rates.
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.
Higher Interest Expenses
Interest expenses increased due to higher utilization of credit facilities and higher interest from IFRS 16.
Temporary Lower Margin in the U.K.
Adjusted EBITDA margins in the U.K. will be lower due to the Yodel integration and quality investments for peak season.
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
InPost S.A. demonstrates strong revenue growth and profitability, but faces challenges with high leverage and declining free cash flow. The company maintains a stable operating cash flow, yet needs to address its debt levels to enhance financial stability.Income Statement
InPost S.A. shows strong revenue growth with a TTM increase of 8.01%. The gross profit margin is solid at 61.22%, though it has decreased from previous periods. Net profit margin is stable at 7.92%, indicating consistent profitability. However, EBIT and EBITDA margins have slightly declined, suggesting potential cost pressures.75
Positive
Balance Sheet
The company has a high debt-to-equity ratio of 3.23, indicating significant leverage, which could pose financial risks. Return on equity is robust at 38.30%, reflecting efficient use of equity. The equity ratio is moderate, suggesting a balanced asset structure but with room for improvement in reducing leverage.60
Neutral
Cash Flow
Operating cash flow is strong, but free cash flow has decreased by 4.75% in the TTM, indicating potential challenges in cash generation. The operating cash flow to net income ratio is healthy at 0.56, but the free cash flow to net income ratio of 0.47 suggests limited cash available after capital expenditures.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.37B | 10.92B | 8.84B | 7.06B | 4.58B | 2.52B |
| Gross Profit | 7.57B | 10.66B | 7.52B | 6.81B | 4.48B | 2.46B |
| EBITDA | 3.56B | 3.49B | 2.45B | 1.93B | 1.44B | 735.30M |
| Net Income | 979.50M | 1.25B | 647.40M | 456.40M | 491.60M | 350.20M |
Balance Sheet | ||||||
| Total Assets | 15.31B | 12.89B | 9.73B | 8.76B | 7.29B | 2.49B |
| Cash, Cash Equivalents and Short-Term Investments | 878.40M | 780.50M | 567.40M | 432.80M | 490.10M | 139.30M |
| Total Debt | 9.28B | 7.76B | 6.65B | 6.70B | 5.93B | 1.30B |
| Total Liabilities | 12.42B | 10.44B | 8.44B | 8.29B | 7.30B | 1.86B |
| Stockholders Equity | 2.87B | 2.46B | 1.29B | 469.00M | -6.90M | 631.60M |
Cash Flow | ||||||
| Free Cash Flow | 1.44B | 1.56B | 1.06B | 230.70M | 164.40M | 206.10M |
| Operating Cash Flow | 3.06B | 2.96B | 2.08B | 1.35B | 1.10B | 742.60M |
| Investing Cash Flow | -2.29B | -1.73B | -1.27B | -1.12B | -3.20B | -515.90M |
| Financing Cash Flow | -656.50M | -1.02B | -681.40M | -285.90M | 2.45B | -201.20M |
InPost S.A. Technical Analysis
Negative
10.30
Price Trends
10.69
Negative
11.78
Negative
13.34
Negative
Market Momentum
-0.15
Positive
38.44
Neutral
39.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:INPST, the sentiment is Negative. The current price of 10.3 is below the 20-day moving average (MA) of 10.60, below the 50-day MA of 10.69, and below the 200-day MA of 13.34, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 38.44 is Neutral, neither overbought nor oversold. The STOCH value of 39.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:INPST.
InPost S.A. Peers Comparison
UnderperformOutperform
Sector (55)
NL:INPST
InPost S.A.
9.94
-7.36
-42.54%
NL:AZRN
Azerion Group N.V
1.28
-0.02
-1.54%
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
20.75
-1.30
-5.90%
InPost S.A. Corporate Events
InPost S.A. Earnings Call: Record Revenues Amid Challenges
Sep 4, 2025
InPost S.A. Earnings Call Reflects Mixed Sentiment Amid Record Revenues and Market Challenges
InPost Group Reports Strong Q2 2025 Results with International Expansion
Sep 2, 2025
InPost Group has reported strong Q2 2025 results, showcasing significant growth in parcel volumes and revenue, driven by its accelerated international expansion and robust network deployment. This growth reinforces InPost’s leadership in the out-of-home delivery sector and highlights its strategic focus on future expansion, impacting its market positioning and stakeholder interests positively.
The most recent analyst rating on (NL:INPST) stock is a Buy with a EUR19.00 price target. To see the full list of analyst forecasts on InPost S.A. stock, see the NL:INPST Stock Forecast page.
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.