Professional
Added to YB: 2025-03-13
Pitch date: 2025-03-05
PPA.AT [neutral]
Piraeus Port Authority S.A.
+43.84%
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 1.1B
Pitch Price
EUR 31.60
Price Target
N/A
Dividend
4.17%
EV/EBITDA
7.91
P/E
13.20
EV/Sales
4.18
Sector
Transportation Infrastructure
Category
dividend
Palm Harbour Capital Portfolio Holding: Piraeus Port Authority S.A.
PPA.AT (holding update): Piraeus Port +12.2% in Q3. Sales +6.2% on cruise, Pier I (+3.5%), car storage growth despite Suez issues. 15% FCF yield, 20% net cash/mkt cap. Attractive valuation, potential for increased dividends. Management conservative but intends to raise payout ratio.
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