Added to YB: 2026-10-07
Pitch date: 2026-10-02
PPA.AT [bullish]
Piraeus Port Authority S.A.
-7.94%
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 1.2B
Pitch Price
EUR 47.20
Price Target
N/A
Dividend
3.97%
EV/EBITDA
9.84
P/E
15.98
EV/Sales
4.88
Sector
Transportation Infrastructure
Category
value
Theodosian Capital | Stocks Update 2/10/2026 - PPA – External events weigh on H1 performance
PPA.AT (earnings): Piraeus Port Authority’s H1 revenue fell 8.9% to €111.9m and statutory net income dropped 24.4% to €35.4m, attributed to 2025 trade front-loading and investment disruption. However, management reports improving throughput, particularly since July, while accelerating port investment should support longer-term profitability. Near-term uncertainty remains high, but the shares trade at 8.6x consensus 2028 EV/EBITDA.
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