Does This Valuation Of Public Power Corporation S.A. (ATH:PPC) Imply Investors Are Overpaying?
Dec 06
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Greek (ASE) Utilities Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies5
- 7D-1.0%
- 3M1.2%
- 1Y9.9%
- YTD6.4%
Over the last 7 days, the Utilities industry has dropped 1.0%, driven by a pullback from Public Power of 2.8%. In contrast, Admie Holding has gained 5.3%. In the past year, the industry has gained 9.9%. Earnings are forecast to grow by 24% annually.
Sector Valuation and Performance
Has the Greek Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | €7.8b | €9.7b | €501.1m | 20.8x | 15.5x | 0.8x |
| Mon, 18 Nov 2024 | €7.9b | €9.6b | €494.3m | 20.5x | 15.9x | 0.8x |
| Wed, 16 Oct 2024 | €7.8b | €9.0b | €547.3m | 20.1x | 14.2x | 0.9x |
| Fri, 13 Sep 2024 | €7.5b | €9.0b | €530.2m | 29.7x | 14.1x | 0.8x |
| Sun, 11 Aug 2024 | €7.4b | €9.0b | €530.2m | 28.4x | 14x | 0.8x |
| Tue, 09 Jul 2024 | €7.6b | €8.5b | €566.2m | 29.8x | 13.4x | 0.9x |
| Thu, 06 Jun 2024 | €7.4b | €8.5b | €562.4m | 31.4x | 13.2x | 0.9x |
| Sat, 04 May 2024 | €7.4b | €8.5b | €570.7m | 30.5x | 13x | 0.9x |
| Mon, 01 Apr 2024 | €7.6b | €9.0b | €455.7m | 10.9x | 16.7x | 0.8x |
| Wed, 28 Feb 2024 | €7.5b | €9.0b | €455.7m | 11.1x | 16.4x | 0.8x |
| Fri, 26 Jan 2024 | €7.4b | €9.0b | €455.7m | 11.5x | 16.3x | 0.8x |
| Sun, 24 Dec 2023 | €7.2b | €9.0b | €455.7m | 10.5x | 15.8x | 0.8x |
| Tue, 21 Nov 2023 | €6.8b | €9.0b | €447.3m | 10.5x | 15.1x | 0.8x |
| Thu, 19 Oct 2023 | €6.3b | €11.2b | €218.2m | 19.7x | 28.8x | 0.6x |
| Sat, 16 Sep 2023 | €6.6b | €11.2b | €213.3m | 75.4x | 31x | 0.6x |
| Mon, 14 Aug 2023 | €7.0b | €11.2b | €213.3m | 82x | 32.9x | 0.6x |
| Wed, 12 Jul 2023 | €7.5b | €11.8b | €263.0m | 32x | 28.7x | 0.6x |
| Fri, 09 Jun 2023 | €7.5b | €11.8b | €263.0m | 30.3x | 28.3x | 0.6x |
| Sun, 07 May 2023 | €6.5b | €12.0b | €26.9m | 39.5x | 241x | 0.5x |
| Tue, 04 Apr 2023 | €6.5b | €12.3b | €202.3m | 19.6x | 32.2x | 0.5x |
| Thu, 02 Mar 2023 | €6.7b | €11.6b | €64.1m | 20.4x | 105.3x | 0.6x |
| Sat, 28 Jan 2023 | €6.4b | €11.6b | €64.1m | 20.9x | 99.7x | 0.5x |
| Mon, 26 Dec 2022 | €6.0b | €11.6b | €64.1m | 19.1x | 93.9x | 0.5x |
| Wed, 23 Nov 2022 | €5.9b | €8.9b | €83.5m | 22x | 71.1x | 0.7x |
| Fri, 21 Oct 2022 | €5.6b | €8.9b | €83.5m | 21.6x | 67.2x | 0.6x |
| Sun, 18 Sep 2022 | €5.2b | €8.8b | €83.6m | 19.9x | 62.2x | 0.6x |
| Tue, 16 Aug 2022 | €5.6b | €7.7b | -€16,437,000.00 | 20.1x | -340.9x | 0.7x |
| Thu, 14 Jul 2022 | €5.1b | €7.7b | -€16,437,000.00 | 19.5x | -312.3x | 0.7x |
| Sat, 11 Jun 2022 | €5.7b | €7.7b | -€14,137,000.00 | 20.7x | -404.3x | 0.7x |
| Mon, 09 May 2022 | €6.0b | €6.5b | €29.0m | 14.3x | 207.1x | 0.9x |
| Wed, 06 Apr 2022 | €6.4b | €5.7b | -€72,465,000.00 | 12.6x | -87.7x | 1.1x |
| Fri, 04 Mar 2022 | €5.9b | €5.7b | -€72,465,000.00 | 12.5x | -80.8x | 1x |
| Sun, 30 Jan 2022 | €6.3b | €5.7b | -€72,465,000.00 | 13.2x | -87.3x | 1.1x |
| Tue, 28 Dec 2021 | €6.6b | €5.7b | -€72,465,000.00 | 13x | -90.6x | 1.2x |
Price to Earnings Ratio
-90.6x
Current Industry PE
- Investors are pessimistic on the Greek Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.5x which is higher than its 3-year average PE of -7.2x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- Total earnings for the Utilities industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Greek Utilities sector?
| GR Market | -0.69% | |
| Utilities | -1.03% | |
| Renewable Energy | 0.86% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | -1.57% | |
| Electric Utilities | -1.87% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 941x.
- Analysts are expecting annual earnings growth of 11.4%, which is lower than the prior year's growth of 170.2% per year.
- Investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 55.1x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADMIE Admie Holding | €2.60 | 5.3% +€30.1m | 16.9% | PE9x | |
| TENERGY TERNA ENERGY Industrial Commercial Technical Societe Anonyme | €20.02 | 0.9% +€20.0m | 26.5% | PE31x |
