Added to YB: 2026-07-02
Pitch date: 2026-06-30
PPA.AT [bullish]
Piraeus Port Authority S.A.
-0.44%
current return
Author Info
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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 1.1B
Pitch Price
EUR 45.90
Price Target
66.00 (+44%)
Dividend
4.17%
EV/EBITDA
7.91
P/E
13.20
EV/Sales
4.18
Sector
Transportation Infrastructure
Category
value
Piraeus Port Authority ($PPA.AT) – A hidden infrastructure champion?
PPA.AT: Top-5 EU container port, 67% COSCO-owned. FY25 rev €250.8M (+8.6%), EBITDA €130M, net cash. Cruise boom (+24.8% rev), nearshoring logistics. 7.3x EV/EBITDA, 12.2x P/E vs peers 19.2x. €129M invest in cruise terminal/logistics; 2030 EBITDA €165M, PT ~€66 (8.5x). 4.6% yield, ~26% float = buyout potential. Risk: geopolitics, Suez.
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