Added to YB: 2026-04-07
Pitch date: 2026-04-04
PPA.AT [neutral]
Piraeus Port Authority S.A.
Author Info
No bio for this author
Company Info
Piraeus Port Authority S.A. provides port services at the port of Piraeus, Greece. It operates through Container Terminal, Car Terminal, Coasting, Cruise, Ship Repairing, and Other segments.
Market Cap
EUR 923.8M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.40
P/E
N/A
EV/Sales
3.33
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%).
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