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PostNL N.V.
(PNL)
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Rating:50Neutral
Price Target:
€0.90
▼(-15.51% Downside)
Action:Reiterated
Date:02/25/26
The score is primarily constrained by weak and volatile profitability alongside a high-leverage, thin-equity balance sheet. This is partially offset by comparatively solid cash generation and a high dividend yield, while technical indicators are only modestly supportive.
Positive Factors
Nationwide last-mile network
PostNL's owned nationwide sorting and distribution infrastructure and last-mile capabilities create durable operational scale and route density advantages. These fixed-network assets enable efficiency gains as parcel volumes grow, supporting long-term unit economics and service reliability for national delivery.
Negative Factors
High leverage, thin equity
Substantial leverage and a materially reduced equity base limit financial flexibility and increase refinancing and covenant risk. With a thinner capital cushion, downside earnings or cash shocks could force deleveraging actions, restrict investment, or increase borrowing costs, weighing on medium-term strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Nationwide last-mile network
PostNL's owned nationwide sorting and distribution infrastructure and last-mile capabilities create durable operational scale and route density advantages. These fixed-network assets enable efficiency gains as parcel volumes grow, supporting long-term unit economics and service reliability for national delivery.
Read all positive factors
PostNL N.V. (PNL) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€469.57M
Dividend Yield4.42%
Average Volume (3M)2.65M
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth2.04%
EPS Growth-203.01%
CountryNL
Employees31,531
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)-0.03
Shares Outstanding516,579,650
10 Day Avg. Volume1,772,362
30 Day Avg. Volume2,647,394
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)3.05
Price to Sales (P/S)0.16
P/FCF Ratio4.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€0.80Price Target Upside-25.23% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)€3.44B
PostNL N.V. Business Overview & Revenue Model
Company Description
PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and internationally. The company in two segments, Parcels and Mail in the Netherlands, and PostNL Other. It collects, sorts, transpo...
How the Company Makes Money
PostNL makes money primarily by charging fees for delivery and related logistics services, with revenue concentrated in two main areas: Parcels and Mail in the Netherlands.
1) Parcels (largest growth engine)
- Delivery fees from e-commerce and re...
PostNL N.V. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
36
Negative
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.31B | 3.25B | 3.17B | 3.15B | 3.47B |
| Gross Profit | 165.00M | 402.00M | 440.00M | 487.00M | 697.00M |
| EBITDA | 242.00M | 240.00M | 276.00M | -1.13B | 471.00M |
| Net Income | -18.00M | 17.00M | 55.00M | -981.00M | 257.00M |
Balance Sheet | |||||
| Total Assets | 2.20B | 2.12B | 2.18B | 2.22B | 2.48B |
| Cash, Cash Equivalents and Short-Term Investments | 616.00M | 453.00M | 518.00M | 556.00M | 848.00M |
| Total Debt | 1.17B | 972.00M | 1.06B | 1.07B | 1.07B |
| Total Liabilities | 2.02B | 1.92B | 1.98B | 2.04B | 2.06B |
| Stockholders Equity | 176.00M | 202.00M | 198.00M | 177.00M | 426.00M |
Cash Flow | |||||
| Free Cash Flow | 128.00M | 68.00M | 96.00M | 102.00M | 309.00M |
| Operating Cash Flow | 163.00M | 168.00M | 222.00M | 240.00M | 450.00M |
| Investing Cash Flow | -39.00M | -61.00M | -102.00M | -122.00M | -92.00M |
| Financing Cash Flow | 90.00M | -173.00M | -142.00M | -408.00M | -186.00M |
PostNL N.V. Technical Analysis
Negative
1.07
Price Trends
0.95
Negative
1.00
Negative
1.01
Negative
Market Momentum
>-0.01
Negative
38.34
Neutral
48.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:PNL, the sentiment is Negative. The current price of 1.07 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 0.95, and above the 200-day MA of 1.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.34 is Neutral, neither overbought nor oversold. The STOCH value of 48.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:PNL.
PostNL N.V. Peers Comparison
UnderperformOutperform
Sector (55)
NL:PNL
PostNL N.V.
0.90
>-0.01
-0.88%
NL:RAND
Randstad Holding NV
32.88
-6.42
-16.34%
NL:INPST
InPost S.A.
15.46
2.54
19.66%
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.