Piraeus Port Authority SA (ATHEX:PPA)

Watchlist Manager

Watchlist

Price: 29.85 EUR -0.67%

Market Cap: 746.3m EUR

Have any thoughts about
Piraeus Port Authority SA?

Write Note

Section:

Relative Value

The Relative Value of one PPA stock under the Base Case scenario is 24.85 EUR. Compared to the current market price of 29.85 EUR, Piraeus Port Authority SA is Overvalued by 17%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

PPA Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

3.3

P/S

vs History	25
vs Industry	33

Median 5Y

2.7

Industry

2.1

Forward

4.1

More Details

10.9

P/E

vs History	49
vs Industry	60

Median 5Y

10.4

Industry

14.1

More Details

6.7

P/OCF

vs History	60
vs Industry	47

Median 5Y

6.8

Industry

7.6

More Details

12.7

P/FCFE

vs History	53
vs Industry	35

Median 5Y

12.8

Industry

13.6

More Details

1.9

P/B

vs History	19
vs Industry	25

Median 5Y

1.6

Industry

1.3

More Details

2.8

EV/S

vs History	38
vs Industry	51

Median 5Y

2.4

Industry

2.8

Forward

3.4

More Details

4.6

EV/GP

vs History	53
vs Industry	70

Median 5Y

4.6

Industry

7.5

More Details

5.2

EV/EBITDA

vs History	52
vs Industry	74

Median 5Y

Industry

10.1

More Details

6.3

EV/EBIT

vs History	55
vs Industry	76

Median 5Y

6.4

Industry

12.5

Forward

More Details

5.6

EV/OCF

vs History	61
vs Industry	65

Median 5Y

5.8

Industry

9.8

More Details

8.8

EV/FCFF

vs History	63
vs Industry	50

Median 5Y

9.4

Industry

15.8

More Details

1.5

EV/IC

vs History	7
vs Industry	25

Median 5Y

1.1

Industry

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
GR	P	Piraeus Port Authority SA ATHEX:PPA	746.3m EUR	3.3	10.9	5.2	6.3
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	2.6T INR	9.2	26.3	17.2	22.7
CN		Shanghai International Port Group Co Ltd SSE:600018	139.5B CNY	3.6	10.2	15.1	15.1
PH	I	International Container Terminal Services Inc XPHS:ICT	809.5B PHP	5.2	21.6	10.2	12.4
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	74.3B CNY	2.6	15.6	15.1	15.1
ZA	G	Grindrod Ltd JSE:GND	8.1B Zac	0	0	0	0
CN		Qingdao Port International Co Ltd SSE:601298	54B CNY	2.9	10.7	9.1	9.1
HK		China Merchants Port Holdings Co Ltd HKEX:144	55.2B HKD	4.8	7.5	13.7	13.7
CN		China Merchants Port Group Co Ltd SZSE:001872	51.1B CNY	3.2	12.3	16.5	16.5
AU		Qube Holdings Ltd ASX:QUB	7B AUD	2.1	31.5	27.6	27.6
CN		Liaoning Port Co Ltd SSE:601880	30.7B CNY	2.7	25.3	17.7	17.7

				Revenue Growth	P/S to Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average P/S: 4 3.3	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	9.2	52%	0.2
CN		Shanghai International Port Group Co Ltd SSE:600018	3.6	15%	0.2
PH	I	International Container Terminal Services Inc XPHS:ICT	5.2	31%	0.2
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	2.6	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	19%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	2.9	14%	0.2
HK		China Merchants Port Holdings Co Ltd HKEX:144	4.8	16%	0.3
CN		China Merchants Port Group Co Ltd SZSE:001872	3.2	25%	0.1
AU		Qube Holdings Ltd ASX:QUB	2.1	37%	0.1
CN		Liaoning Port Co Ltd SSE:601880	2.7	N/A	N/A

				Earnings Growth	P/E to Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average P/E: 17.2 10.9	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	26.3	78%	0.3
CN		Shanghai International Port Group Co Ltd SSE:600018	10.2	16%	0.7
PH	I	International Container Terminal Services Inc XPHS:ICT	21.6	105%	0.2
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.6	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	44%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	10.7	25%	0.4
HK		China Merchants Port Holdings Co Ltd HKEX:144	7.5	18%	0.4
CN		China Merchants Port Group Co Ltd SZSE:001872	12.3	24%	0.5
AU		Qube Holdings Ltd ASX:QUB	31.5	52%	0.6
CN		Liaoning Port Co Ltd SSE:601880	25.3	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average EV/EBITDA: 14.8 5.2	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	17.2	54%	0.3
CN		Shanghai International Port Group Co Ltd SSE:600018	15.1	77%	0.2
PH	I	International Container Terminal Services Inc XPHS:ICT	10.2	37%	0.3
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.1	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	45%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	9.1	99%	0.1
HK		China Merchants Port Holdings Co Ltd HKEX:144	13.7	21%	0.7
CN		China Merchants Port Group Co Ltd SZSE:001872	16.5	286%	0.1
AU		Qube Holdings Ltd ASX:QUB	27.6	124%	0.2
CN		Liaoning Port Co Ltd SSE:601880	17.7	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average EV/EBIT: 15.6 6.3	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	22.7	59%	0.4
CN		Shanghai International Port Group Co Ltd SSE:600018	15.1	1%	10.7
PH	I	International Container Terminal Services Inc XPHS:ICT	12.4	45%	0.3
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.1	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	61%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	9.1	N/A	N/A
HK		China Merchants Port Holdings Co Ltd HKEX:144	13.7	31%	0.4
CN		China Merchants Port Group Co Ltd SZSE:001872	16.5	181%	0.1
AU		Qube Holdings Ltd ASX:QUB	27.6	40%	0.7
CN		Liaoning Port Co Ltd SSE:601880	17.7	N/A	N/A

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

	Johnson & Johnson NYSE:JNJ	US
	Berkshire Hathaway Inc NYSE:BRK.A	US
	Bank of America Corp NYSE:BAC	US
	Mastercard Inc NYSE:MA	US
	UnitedHealth Group Inc NYSE:UNH	US
	Exxon Mobil Corp NYSE:XOM	US
	Pfizer Inc NYSE:PFE	US
	Palantir Technologies Inc NYSE:PLTR	US
	Nike Inc NYSE:NKE	US
	Visa Inc NYSE:V	US
	Alibaba Group Holding Ltd NYSE:BABA	CN
	3M Co NYSE:MMM	US
	JPMorgan Chase & Co NYSE:JPM	US
	Coca-Cola Co NYSE:KO	US
	Walmart Inc NYSE:WMT	US
	Verizon Communications Inc NYSE:VZ	US

	Franklin Covey Co NYSE:FC	36.4 USD -0.03%
	Mohawk Industries Inc NYSE:MHK	119.13 USD -0.03%
	Ardmore Shipping Corp NYSE:ASC	11.83 USD 4.6%
	ASGN Inc NYSE:ASGN	83.54 USD -0.39%
	Skyworks Solutions Inc NASDAQ:SWKS	89.16 USD 0.46%
	Weatherford International PLC NASDAQ:WFRD	68.25 USD 1.71%

	Johnson & Johnson NYSE:JNJ	143.585 USD -0.61%
	Bank of America Corp NYSE:BAC	43.75 USD -0.95%
	Mastercard Inc NYSE:MA	525.13 USD -0.55%
	Salesforce Inc NYSE:CRM	340.845 USD -0.82%
	Abbvie Inc NYSE:ABBV	176.04 USD 0.26%
	Home Depot Inc NYSE:HD	390.28 USD -0.59%

	Arista Networks Inc NYSE:ANET	113.17 USD 0.32%
	Visa Inc NYSE:V	315.89 USD -0.57%
	Texas Pacific Land Corp NYSE:TPL	1 126.6353 USD -0.57%
	KLA Corp NASDAQ:KLAC	642.06 USD 2.02%
	Manhattan Associates Inc NASDAQ:MANH	277.935 USD -0.83%
	Pinduoduo Inc NASDAQ:PDD	99.865 USD 0.36%

Piraeus Port Authority SA
ATHEX:PPA

Relative Value

Valuation Multiples

Multiples Across Competitors

PPA Competitors Multiples
Piraeus Port Authority SA Competitors

See Also

Company

Help

Tools

Stocks

	Salesforce Inc NYSE:CRM	340.845 USD -0.82%
	Accenture PLC NYSE:ACN	356.61 USD -2.66%
	ServiceNow Inc NYSE:NOW	1 085.37 USD -0.54%
	EOG Resources Inc NYSE:EOG	119.18 USD 0.12%
	Copart Inc NASDAQ:CPRT	58.07 USD -0.26%
	Applied Materials Inc NASDAQ:AMAT	165.91 USD 1.42%

52 Week Range	23.2 31.35
Price Target

Piraeus Port Authority SA ATHEX:PPA

Relative Value

Valuation Multiples

Multiples Across Competitors

PPA Competitors Multiples Piraeus Port Authority SA Competitors

See Also

Company

Help

Tools

Stocks

Piraeus Port Authority SA
ATHEX:PPA

PPA Competitors Multiples
Piraeus Port Authority SA Competitors