Professional
Added to YB: 2025-03-13
Pitch date: 2025-03-05
PPA.AT [neutral]
Piraeus Port Authority S.A.
+26.59%
current return
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 997.5M
Pitch Price
EUR 31.60
Price Target
N/A
Dividend
4.81%
EV/EBITDA
6.37
P/E
10.69
EV/Sales
3.51
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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