Financials Public Power Corporation S.A.

Equities

PPC

GRS434003000

Electric Utilities

Market Closed - Athens S.E. 10:17:24 2024-04-26 am EDT 5-day change 1st Jan Change
11.48 EUR +1.59% Intraday chart for Public Power Corporation S.A. +3.89% +2.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 958.2 1,724 3,591 2,462 4,068 4,147 - -
Enterprise Value (EV) 1 958.2 5,007 5,481 3,850 7,236 9,403 9,961 11,414
P/E ratio -0.57 x 49.5 x -188 x -328 x 8.52 x 13 x 10.7 x 6.46 x
Yield - - - - 2.24% 3.39% 5.04% 8.6%
Capitalization / Revenue 0.19 x 0.37 x 0.63 x 0.22 x 0.53 x 0.42 x 0.43 x 0.63 x
EV / Revenue 0.19 x 1.08 x 0.96 x 0.34 x 0.94 x 0.95 x 1.02 x 1.73 x
EV / EBITDA 2.87 x 5.65 x 6.29 x 4.04 x 5.62 x 5.52 x 5.3 x 5.37 x
EV / FCF - 8.27 x 370 x -7.19 x 21.4 x -4.99 x -9.34 x -37.1 x
FCF Yield - 12.1% 0.27% -13.9% 4.67% -20% -10.7% -2.7%
Price to Book 0.32 x 0.56 x 0.71 x 0.61 x 0.91 x 0.78 x 0.74 x 0.67 x
Nbr of stocks (in thousands) 232,000 232,000 382,000 375,549 364,534 361,275 - -
Reference price 2 4.130 7.430 9.400 6.555 11.16 11.48 11.48 11.48
Announcement Date 4/23/20 4/20/21 4/5/22 3/23/23 4/9/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,932 4,649 5,706 11,253 7,687 9,860 9,718 6,595
EBITDA 1 333.6 885.9 871.7 953.7 1,287 1,705 1,880 2,124
EBIT 1 - 141.9 205.4 208.6 615.3 855.3 968.6 1,303
Operating Margin - 3.05% 3.6% 1.85% 8% 8.67% 9.97% 19.76%
Earnings before Tax (EBT) 1 -2,058 66.97 -149.8 -26 622.2 508 583.6 867.2
Net income 1 -1,686 35.16 -18.4 -19 428.3 360.1 408.7 672.8
Net margin -34.18% 0.76% -0.32% -0.17% 5.57% 3.65% 4.21% 10.2%
EPS 2 -7.300 0.1500 -0.0500 -0.0200 1.310 0.8832 1.075 1.778
Free Cash Flow 1 - 605.5 14.81 -535.2 337.7 -1,885 -1,067 -308
FCF margin - 13.02% 0.26% -4.76% 4.39% -19.12% -10.98% -4.67%
FCF Conversion (EBITDA) - 68.35% 1.7% - 26.23% - - -
FCF Conversion (Net income) - 1,721.85% - - 78.84% - - -
Dividend per Share 2 - - - - 0.2500 0.3890 0.5782 0.9876
Announcement Date 4/23/20 4/20/21 4/5/22 3/23/23 4/9/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 2,627 2,250 2,193 1,504 2,009 2,247 4,392 4,170 2,690 1,993 1,589 3,582 1,942 2,164 2,052 1,637 2,000
EBITDA 324.3 457.3 471.4 155 245.3 170 - 215 309.4 280.5 309.1 589.7 347.1 350.6 - - -
EBIT 1 - - - - - 4 - -87 - 73.2 209.5 282.7 180.3 152.3 126.1 138.1 179.1
Operating Margin - - - - - 0.18% - -2.09% - 3.67% 13.18% 7.89% 9.29% 7.04% 6.14% 8.44% 8.95%
Earnings before Tax (EBT) -1,740 51.23 13.78 -98.8 -64.8 -30.3 - -152.9 - 73.3 206.3 - 111.6 - - - -
Net income -1,411 29.32 26.92 -69.1 23.8 -185.7 -17.49 -158.7 162 51.1 130.4 181.5 86 202.6 - - -
Net margin -53.71% 1.3% 1.23% -4.59% 1.18% -8.26% -0.4% -3.81% 6.02% 2.56% 8.21% 5.07% 4.43% 9.36% - - -
EPS - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 4/23/20 9/3/20 9/23/21 11/30/21 4/5/22 5/26/22 9/6/22 11/22/22 3/23/23 5/25/23 8/3/23 8/3/23 11/9/23 4/9/24 - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 3,284 1,890 1,388 3,168 5,255 5,813 7,266
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 3.707 x 2.168 x 1.455 x 2.461 x 3.083 x 3.093 x 3.421 x
Free Cash Flow 1 - 605 14.8 -535 338 -1,885 -1,067 -308
ROE (net income / shareholders' equity) - 1.15% -0.45% - 4.05% 7.75% 8.07% 14%
ROA (Net income/ Total Assets) - - - - 1.97% 1.45% 1.73% 2.63%
Assets 1 - - - - 21,689 24,770 23,653 25,591
Book Value Per Share 2 13.10 13.30 13.30 10.70 12.30 14.70 15.60 17.10
Cash Flow per Share - - - - - - - -
Capex 1 525 402 680 686 1,168 3,400 2,893 2,483
Capex / Sales 10.65% 8.64% 11.92% 6.1% 15.2% 34.48% 29.77% 37.65%
Announcement Date 4/23/20 4/20/21 4/5/22 3/23/23 4/9/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
11.48 EUR
Average target price
16.76 EUR
Spread / Average Target
+45.97%
Consensus

Quarterly revenue - Rate of surprise

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