Piraeus Port Authority SA (ATHEX:PPA)

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Price: 30.1 EUR -0.33%

Market Cap: 752.5m EUR

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Section:

Relative Value

The Relative Value of one PPA stock under the Base Case scenario is 24.88 EUR. Compared to the current market price of 30.1 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

3.4

P/S

vs History	25
vs Industry	33

Median 5Y

2.7

Industry

2.1

Forward

4.2

More Details

P/E

vs History	49
vs Industry	60

Median 5Y

10.4

Industry

14.2

More Details

6.8

P/OCF

vs History	60
vs Industry	47

Median 5Y

6.8

Industry

7.7

More Details

12.8

P/FCFE

vs History	53
vs Industry	35

Median 5Y

12.8

Industry

13.2

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

3.5

More Details

4.7

EV/GP

vs History	53
vs Industry	70

Median 5Y

4.6

Industry

7.6

More Details

5.3

EV/EBITDA

vs History	52
vs Industry	74

Median 5Y

Industry

More Details

6.4

EV/EBIT

vs History	55
vs Industry	76

Median 5Y

6.4

Industry

12.7

Forward

9.1

More Details

5.7

EV/OCF

vs History	61
vs Industry	65

Median 5Y

5.8

Industry

10.1

More Details

8.9

EV/FCFF

vs History	63
vs Industry	50

Median 5Y

9.5

Industry

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	752.5m EUR	3.4	11	5.3	6.4
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	2.7T INR	9.8	27.9	18.2	24
CN		Shanghai International Port Group Co Ltd SSE:600018	138.3B CNY	3.4	9.7	13.4	13.4
PH	I	International Container Terminal Services Inc XPHS:ICT	772.8B PHP	5.2	22.3	10.6	12.9
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	73.5B CNY	2.6	15.6	15.1	15.1
ZA	G	Grindrod Ltd JSE:GND	8.9B Zac	0	0	0	0
CN		Qingdao Port International Co Ltd SSE:601298	55.8B CNY	3.1	11.2	9.4	9.4
CN		China Merchants Port Group Co Ltd SZSE:001872	50.8B CNY	3.2	12	16.7	16.7
HK		China Merchants Port Holdings Co Ltd HKEX:144	52.2B HKD	4.6	7.1	13.1	13.1
AU		Qube Holdings Ltd ASX:QUB	6.7B AUD	2	30.3	26.8	26.8
CN		Liaoning Port Co Ltd SSE:601880	29.7B CNY	2.5	25.5	15.4	15.4

				Revenue Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average P/S: 4 3.4	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	9.8	51%
CN		Shanghai International Port Group Co Ltd SSE:600018	3.4	15%
PH	I	International Container Terminal Services Inc XPHS:ICT	5.2	31%
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	2.6	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	19%
CN		Qingdao Port International Co Ltd SSE:601298	3.1	14%
CN		China Merchants Port Group Co Ltd SZSE:001872	3.2	25%
HK		China Merchants Port Holdings Co Ltd HKEX:144	4.6	16%
AU		Qube Holdings Ltd ASX:QUB	2	35%
CN		Liaoning Port Co Ltd SSE:601880	2.5	N/A

				Earnings Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average P/E: 17.3 11	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	27.9	83%
CN		Shanghai International Port Group Co Ltd SSE:600018	9.7	16%
PH	I	International Container Terminal Services Inc XPHS:ICT	22.3	106%
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.6	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	36%
CN		Qingdao Port International Co Ltd SSE:601298	11.2	25%
CN		China Merchants Port Group Co Ltd SZSE:001872	12	15%
HK		China Merchants Port Holdings Co Ltd HKEX:144	7.1	18%
AU		Qube Holdings Ltd ASX:QUB	30.3	52%
CN		Liaoning Port Co Ltd SSE:601880	25.5	N/A

				EBITDA Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average EV/EBITDA: 14.4 5.3	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	18.2	54%
CN		Shanghai International Port Group Co Ltd SSE:600018	13.4	78%
PH	I	International Container Terminal Services Inc XPHS:ICT	10.6	35%
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.1	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	45%
CN		Qingdao Port International Co Ltd SSE:601298	9.4	15%
CN		China Merchants Port Group Co Ltd SZSE:001872	16.7	286%
HK		China Merchants Port Holdings Co Ltd HKEX:144	13.1	20%
AU		Qube Holdings Ltd ASX:QUB	26.8	125%
CN		Liaoning Port Co Ltd SSE:601880	15.4	N/A

				EBIT Growth
GR	P	Piraeus Port Authority SA ATHEX:PPA	Average EV/EBIT: 15.3 6.4	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	24	61%
CN		Shanghai International Port Group Co Ltd SSE:600018	13.4	2%
PH	I	International Container Terminal Services Inc XPHS:ICT	12.9	41%
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.1	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	61%
CN		Qingdao Port International Co Ltd SSE:601298	9.4	N/A
CN		China Merchants Port Group Co Ltd SZSE:001872	16.7	181%
HK		China Merchants Port Holdings Co Ltd HKEX:144	13.1	28%
AU		Qube Holdings Ltd ASX:QUB	26.8	45%
CN		Liaoning Port Co Ltd SSE:601880	15.4	N/A

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Piraeus Port Authority SA
ATHEX:PPA

Relative Value

Valuation Multiples

Multiples Across Competitors

PPA Competitors Multiples
Piraeus Port Authority SA Competitors

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Company

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52 Week Range	21.35 30.2
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

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Piraeus Port Authority SA
ATHEX:PPA

PPA Competitors Multiples
Piraeus Port Authority SA Competitors