Added to YB: 2026-04-07
Pitch date: 2026-04-04
PPA.AT [neutral]
Piraeus Port Authority S.A.
-1.06%
current return
Author Info
No bio for this author
Company Info
Piraeus Port Authority S.A., together with its subsidiaries, provides port services in Greece. It operates through Container Terminal; Consession Arrangement Pier II &III; Car Terminal; Coasting; Cruise; Ship repairing; and Other segments.
Market Cap
EUR 916.3M
Pitch Price
EUR 37.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
10.64
EV/Sales
N/A
Sector
Transportation Infrastructure
Category
dividend
Stocks Update 3/4/2026: PPA – Solid FY results given the geopolitical backdrop
PPA.AT (earnings): FY25 rev €251M (+8.6% YoY), EBITDA €132M (+2.2%), PBT €86.2M (-1.5%) on higher finance costs. Net cash €76M after repaying all debt. Capex €320M deployed vs €294M target, completion extended to Oct 2029. Div €1.896 (55% payout, -1.2% YoY) prioritizing investments. Trades 10.6x P/E, 5.1% yield for Tier 1 EU port asset. Greece MSCI upgrade to DM May 2027 may boost flows. Risks: geopolitical turbulence, low free float (33%).
Read full article (2 min)