Want to see NL:INPST full AI Analyst Report?
Top Page
InPost S.A.
(INPST)
Select Model
Select Model
Rating:59Neutral
Price Target:
€16.50
▲(5.97% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily held back by leverage and signs of margin/cash-conversion deterioration, reinforced by earnings-call guidance for declining EBITDA, negative free cash flow and higher leverage. Technicals are supportive with an uptrend across key moving averages, but valuation is demanding (P/E 76.4), increasing sensitivity to any further profitability slowdown.
Positive Factors
Strong parcel and revenue growth
Sustained parcel and revenue growth indicates strong merchant adoption and expanding network utilization. Higher volumes can improve fixed-cost absorption and reinforce InPost’s position as e-commerce continues shifting toward out-of-home delivery.
Negative Factors
High leverage and rising net debt
The leveraged capital structure increases sensitivity to weaker earnings, cash-flow shortfalls and integration setbacks. Rising debt while international operations consume cash may restrict financial flexibility and raise the importance of disciplined expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong parcel and revenue growth
Sustained parcel and revenue growth indicates strong merchant adoption and expanding network utilization. Higher volumes can improve fixed-cost absorption and reinforce InPost’s position as e-commerce continues shifting toward out-of-home delivery.
Read all positive factors
InPost S.A. (INPST) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€7.78B
Dividend YieldN/A
Average Volume (3M)479.30K
Price to Earnings (P/E)76.2
Beta (1Y)0.77
Revenue Growth32.06%
EPS Growth-54.70%
CountryNL
Employees12,737
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.88
Shares Outstanding500,000,000
10 Day Avg. Volume493,290
30 Day Avg. Volume479,299
Financial Highlights & Ratios
PEG Ratio-0.72
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.93
Revenue Forecast (FY)€17.21B
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 Poland and other European countries. InPost S.A. was founded in 1999 and is based in Luxembourg, Luxembourg....
How the Company Makes Money
InPost makes money by charging for parcel delivery and handling services that use its out-of-home network (parcel lockers and PUDO points). Its core revenue model is transaction-based: it earns fees when parcels are delivered into or collected thr...
InPost S.A. Earnings Call Summary
Earnings Call Date:Aug 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call presented strong operating momentum, particularly in Poland and the Eurozone, alongside record APM deployment, improving U.K. execution and continued customer engagement. However, profitability growth lagged revenue, adjusted EBIT and net profit declined, free cash flow turned significantly negative, leverage increased and full-year EBITDA and Q3 volume expectations were reduced. Overall, the operating highlights outweighed the financial and outlook-related challenges, but the tone was moderated by the investment cycle and U.K. transformation.Positive Updates
Strong Group Volume and Revenue Growth
In Q2 2026, InPost handled 381 million parcels, up 16% year-on-year, while revenue increased 18.2% to PLN 4.2 billion, once again growing faster than volume.
Negative Updates
Adjusted EBITDA Growth Lagged Revenue and Volume
Group adjusted EBITDA increased 4.4% to PLN 1.043 billion, slower than revenue and volume growth. The adjusted EBITDA margin declined to 25%, reflecting segment mix effects and continued investment in new services.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Group Volume and Revenue Growth
In Q2 2026, InPost handled 381 million parcels, up 16% year-on-year, while revenue increased 18.2% to PLN 4.2 billion, once again growing faster than volume.
Read all positive updates
Company Guidance
For full year 2026, InPost expects group volume growth in the mid-teens, including mid-single digit volume growth in Poland, high 20s growth in the Eurozone, and low 30s growth in the U.K.; group revenue is expected to grow in the mid-teens, while group-adjusted EBITDA is expected to decline by a mid-single digit percentage, with margin around the mid-20s, Poland in the low to mid-40s, a continued slight improvement in the Eurozone, and the U.K. margin roughly stable year-on-year. The company plans to deploy around 19,000 new APMs across all markets, about 3,000 in Poland, 11,000 in the Eurozone, and 5,000 in the U.K., expects CapEx of around PLN 2.1 billion, with roughly 60% allocated to APM production and deployment, and expects negative free cash flow at year-end and a net leverage ratio to increase versus last year. For Q3 2026, InPost anticipates year-on-year volume growth in the low single-digit percentage range at group level, flat volume dynamics in Poland, and mid-single digit year-on-year growth in InPost volumes internationally, with growth also here tempered by changes to EU customs fees in the Eurozone; the outlook revision on volume includes about 2% to 3% impact of revising Chinese.InPost S.A. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
52
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.24B | 14.64B | 10.92B | 8.84B | 7.06B | 4.58B |
| Gross Profit | 3.49B | 3.46B | 10.66B | 7.52B | 6.81B | 4.48B |
| EBITDA | 4.06B | 3.97B | 3.49B | 2.45B | 1.93B | 1.44B |
| Net Income | 438.34M | 549.06M | 1.25B | 647.40M | 456.40M | 491.60M |
Balance Sheet | ||||||
| Total Assets | 17.53B | 17.26B | 12.89B | 9.73B | 8.76B | 7.29B |
| Cash, Cash Equivalents and Short-Term Investments | 625.73M | 952.14M | 780.50M | 567.40M | 432.80M | 490.10M |
| Total Debt | 10.70B | 10.04B | 7.76B | 6.65B | 6.70B | 5.93B |
| Total Liabilities | 14.23B | 14.09B | 10.44B | 8.44B | 8.29B | 7.30B |
| Stockholders Equity | 3.32B | 3.18B | 2.46B | 1.29B | 469.00M | -6.90M |
Cash Flow | ||||||
| Free Cash Flow | 808.61M | 1.39B | 1.56B | 1.06B | 230.70M | 164.40M |
| Operating Cash Flow | 2.50B | 2.85B | 2.96B | 2.08B | 1.35B | 1.10B |
| Investing Cash Flow | -2.06B | -2.31B | -1.73B | -1.27B | -1.12B | -3.20B |
| Financing Cash Flow | -710.68M | -363.02M | -1.02B | -681.40M | -285.90M | 2.45B |
InPost S.A. Technical Analysis
Positive
15.57
Price Trends
15.48
Positive
15.39
Positive
14.37
Positive
Market Momentum
0.02
Negative
62.75
Neutral
73.81
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 15.57 is above the 20-day moving average (MA) of 15.52, above the 50-day MA of 15.48, and above the 200-day MA of 14.37, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 62.75 is Neutral, neither overbought nor oversold. The STOCH value of 73.81 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 (55)
NL:INPST
InPost S.A.
15.55
4.15
36.40%
NL:ALFEN
Alfen NV
11.92
2.75
29.99%
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.