Public Power Past Earnings Performance
Past criteria checks 5/6
Public Power has been growing earnings at an average annual rate of 45%, while the Electric Utilities industry saw earnings growing at 15.3% annually. Revenues have been growing at an average rate of 9.8% per year. Public Power's return on equity is 8.3%, and it has net margins of 4.8%.
Key information
45.01%
Earnings growth rate
45.76%
EPS growth rate
| Electric Utilities Industry Growth | 7.32% |
| Revenue growth rate | 9.80% |
| Return on equity | 8.31% |
| Net Margin | 4.79% |
| Next Earnings Update | 05 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 25
PPC: Future Returns Will Rely On Dividend Payouts And Battery Storage Rollout
Analysts have raised their price target for Public Power from €21.41 to €22.95, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E, which together support a slightly higher estimated fair value. What's in the News Public Power Corporation S.A. completed a follow on equity offering of approximately €4.25b, issuing 193,907,675 and 34,219,002 ordinary shares at €18.63 under Rule 144A (Key Developments).Narrative Update • May 08
PPC: Future Returns Will Depend On Dividend Reliability And Battery Storage Expansion
Analysts have nudged their price target for Public Power slightly higher to €21.41 from €21.31, reflecting small adjustments to fair value estimates, the discount rate and the assumed future P/E multiple. What's in the News PPC Group and METLEN signed a joint venture agreement to create a 50/50 company focused on developing, constructing and operating Battery Energy Storage System projects of up to 1,500 MW / 3,000 MWh across Romania, Bulgaria and Italy, with 1,000 MW targeted for implementation within the next 12 months (Key Developments).Narrative Update • Apr 24
PPC: Future Returns Will Rely On Dividend Stability And Battery Storage JV
Analysts have kept their price target for Public Power broadly steady at €21.31, citing only slight tweaks to assumptions for the discount rate, long term revenue growth, profit margins and future P/E as they refresh their models. What's in the News Public Power Corporation S.A. has called a Special and Extraordinary Shareholders Meeting for May 14, 2026 at 14:00 GTB Standard Time.Narrative Update • Apr 09
PPC: Future Returns Will Depend On Battery JV And Dividend Prospects
Analysts have adjusted their price target for Public Power to €21.31, reflecting updated assumptions around discount rates, profit margins and future P/E, without a material shift in their overall fair value view. What's in the News Public Power Corporation S.A. announced an annual dividend of €0.60 per share, with ex date on July 20, 2026, record date on July 21, 2026, and payment on July 24, 2026 (Key Developments).Analysis Article • Mar 27
Analysts' Revenue Estimates For Public Power Corporation S.A. (ATH:PPC) Are Surging Higher
Public Power Corporation S.A. ( ATH:PPC ) shareholders will have a reason to smile today, with the analysts making...Narrative Update • Mar 26
PPC: Future Returns Will Rely On Battery Storage JV And Rising Margins
Analysts have maintained their price target on Public Power at €21.31. The unchanged fair value reflects a balance between softer revenue growth expectations, firmer profit margin assumptions, and a lower implied future P/E multiple.Narrative Update • Mar 09
PPC: Future Upside Will Rely On Battery Storage JV And Stable Margins
Analysts have slightly increased their price target for Public Power to €21.31 from €21.00, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E levels. What's in the News PPC Group and METLEN have signed a Joint Venture Agreement to create a 50/50 joint venture company focused on Battery Energy Storage System projects (source: Key Developments).Narrative Update • Feb 23
PPC: Future Returns Will Rely On Lower P/E And Stable Margins
Narrative Update on Public Power Analysts have reduced their price target for Public Power to €21.00, with the revision mainly reflecting a lower assumed future P/E multiple rather than changes to fair value, revenue growth, or profit margin inputs. Valuation Changes Fair Value: unchanged at €21.0 per share, so the core valuation anchor remains the same.Narrative Update • Feb 08
PPC: Future Returns Will Rely On Discount Rate And Margin Expectations
Analysts have adjusted their price target for Public Power slightly higher to $21.00, pointing to small tweaks in fair value, discount rate, revenue growth expectations, profit margin assumptions, and future P/E estimates as the key drivers of the change. Valuation Changes Fair Value: Adjusted marginally higher from $20.94 to $21.00, aligning with the updated price target.Narrative Update • Jan 25
PPC: Future Returns Will Depend On Discount Rate And Margin Assumptions
Analysts have raised their price target on Public Power by US$0.52, citing updated assumptions around the discount rate, revenue trend, profit margin, and future P/E expectations. Valuation Changes The fair value estimate moved slightly higher from US$20.42 to US$20.94 per share.Analysis Article • Jan 13
Is Public Power (ATH:PPC) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Narrative Update • Jan 08
PPC: Future Returns Will Rely On Stable Margins And Higher Earnings Multiple
Analysts have nudged their price target on Public Power to US$20.42, reflecting slightly softer revenue growth and profit margin assumptions alongside a modestly higher future P/E multiple. Valuation Changes Fair Value: Kept unchanged at US$20.42 per share.Narrative Update • Dec 22
PPC: Future Upside Will Be Driven By Higher Earnings Multiple
Analysts have modestly raised their price target on Public Power to approximately $20.42 per share from about $19.68. The change reflects slightly improved expectations for revenue trends, despite a marginally lower projected profit margin and a higher future price-to-earnings multiple.Narrative Update • Dec 08
PPC: Higher Profit Margins And Earnings Multiple Will Drive Future Upside
Analysts have raised their price target on Public Power by approximately $0.83, citing a modest improvement in expected profit margins and a slightly higher future earnings multiple, even as revenue growth expectations edge down marginally. Valuation Changes The fair value estimate has risen slightly from €18.84 to €19.68 per share, reflecting a modest increase in the implied upside.Analysis Article • Nov 27
We Think Public Power's (ATH:PPC) Profit Is Only A Baseline For What They Can Achieve
Even though Public Power Corporation S.A.'s ( ATH:PPC ) recent earnings release was robust, the market didn't seem to...Narrative Update • Nov 24
PPC: Cleaner Energy And Higher P E Ratio Will Shape Future Returns
Analysts have raised their price target for Public Power from $18.11 to $18.84. This reflects a modest increase based on updated forecasts for slower revenue growth and lower profit margins, as well as a higher projected future price-to-earnings ratio.Analysis Article • Nov 09
Public Power Corporation S.A. (ATH:PPC) Shares Could Be 27% Above Their Intrinsic Value Estimate
Key Insights Using the Dividend Discount Model, Public Power fair value estimate is €12.70 Current share price of...Narrative Update • Nov 06
PPC: Renewable Investments And Grid Modernization Will Fuel A Cleaner Future
Analysts have modestly raised their price target for Public Power from $17.83 to $18.11. This change reflects slightly improved revenue forecasts and updated discount rate assumptions.Analysis Article • Sep 29
Why Investors Shouldn't Be Surprised By Public Power Corporation S.A.'s (ATH:PPC) P/E
With a price-to-earnings (or "P/E") ratio of 32.3x Public Power Corporation S.A. ( ATH:PPC ) may be sending very...Analysis Article • Aug 29
These 4 Measures Indicate That Public Power (ATH:PPC) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Narrative • Aug 24
Renewable Investments And Grid Modernization Will Fuel A Cleaner Future
Key Takeaways Investments in renewables, grid modernization, and digitalization position Public Power for stronger revenue growth, improved margins, and reduced compliance risk. Electrification trends and digital service expansion are set to drive new growth opportunities and stable, predictable cash flows.Analysis Article • Jul 28
Calculating The Intrinsic Value Of Public Power Corporation S.A. (ATH:PPC)
Key Insights Public Power's estimated fair value is €12.36 based on Dividend Discount Model With €14.17 share price...Analysis Article • Jun 25
Public Power (ATH:PPC) Is Increasing Its Dividend To €0.40
Public Power Corporation S.A. ( ATH:PPC ) has announced that it will be increasing its dividend from last year's...Analysis Article • Jun 15
Is It Too Late To Consider Buying Public Power Corporation S.A. (ATH:PPC)?
Public Power Corporation S.A. ( ATH:PPC ), is not the largest company out there, but it saw a double-digit share price...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Public Power makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 9,576 | 459 | 1,763 | 0 |
| 31 Dec 25 | 9,701 | 295 | 1,688 | 0 |
| 30 Sep 25 | 9,665 | 368 | 1,513 | 0 |
| 30 Jun 25 | 9,598 | 153 | 1,490 | 0 |
| 31 Mar 25 | 9,506 | 146 | 1,395 | 0 |
| 31 Dec 24 | 8,979 | 152 | 1,532 | 0 |
| 30 Sep 24 | 8,746 | 325 | 1,351 | 0 |
| 30 Jun 24 | 8,131 | 387 | 1,503 | 0 |
| 31 Mar 24 | 7,630 | 414 | 1,336 | 0 |
| 31 Dec 23 | 7,687 | 438 | 1,252 | 0 |
| 30 Sep 23 | 8,214 | 388 | 1,070 | 0 |
| 30 Jun 23 | 10,443 | 174 | 1,146 | 0 |
| 31 Mar 23 | 10,999 | 224 | 1,095 | 0 |
| 31 Dec 22 | 11,253 | -19 | 1,103 | 0 |
| 30 Sep 22 | 10,571 | -157 | 1,147 | 0 |
| 30 Jun 22 | 7,905 | -63 | 1,023 | 0 |
| 31 Mar 22 | 6,840 | -163 | 829 | 0 |
| 31 Dec 21 | 5,706 | -18 | 762 | 0 |
| 30 Sep 21 | 4,827 | -20 | 648 | 0 |
| 30 Jun 21 | 4,593 | 17 | 663 | 0 |
| 31 Mar 21 | 4,545 | 3 | 825 | 0 |
| 31 Dec 20 | 4,649 | 19 | 853 | 0 |
| 30 Sep 20 | 4,844 | -1,320 | 843 | 0 |
| 30 Jun 20 | 4,876 | -1,382 | 826 | 0 |
| 31 Mar 20 | 5,012 | -1,479 | 816 | 0 |
| 31 Dec 19 | 4,932 | -1,686 | 796 | 0 |
| 30 Sep 19 | 4,861 | -321 | 655 | 0 |
| 30 Jun 19 | 4,836 | -645 | 752 | 0 |
| 31 Mar 19 | 4,745 | -736 | 655 | 0 |
| 31 Dec 18 | 4,742 | -904 | 734 | 0 |
| 30 Sep 18 | 4,790 | -84 | 883 | 0 |
| 30 Jun 18 | 4,795 | -365 | 845 | 0 |
| 31 Mar 18 | 4,866 | 199 | 883 | 0 |
| 31 Dec 17 | 4,943 | 128 | 830 | 0 |
| 30 Sep 17 | 4,947 | 136 | 1,287 | 0 |
| 30 Jun 17 | 4,860 | 98 | 833 | 0 |
| 31 Mar 17 | 5,178 | 28 | 1,287 | 0 |
| 31 Dec 16 | 5,130 | 170 | 868 | 0 |
| 30 Sep 16 | 5,324 | -39 | 1,801 | 0 |
| 30 Jun 16 | 5,426 | -193 | 1,704 | 0 |
| 31 Mar 16 | 5,600 | -73 | 1,801 | 0 |
| 31 Dec 15 | 5,709 | -118 | 1,740 | 0 |
| 30 Sep 15 | 5,892 | -25 | 1,362 | 0 |
| 30 Jun 15 | 5,943 | 101 | 1,365 | 0 |
Quality Earnings: PPC has high quality earnings.
Growing Profit Margin: PPC's current net profit margins (4.8%) are higher than last year (1.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PPC has become profitable over the past 5 years, growing earnings by 45% per year.
Accelerating Growth: PPC's earnings growth over the past year (215.3%) exceeds its 5-year average (45% per year).
Earnings vs Industry: PPC earnings growth over the past year (215.3%) exceeded the Electric Utilities industry 1.4%.
Return on Equity
High ROE: PPC's Return on Equity (8.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 14:32 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Public Power Corporation S.A. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Constantinos Zouzoulas | Axia Ventures Group Ltd |
| Manos Chatzidakis | Beta Securities S.A. |
| Stefano Bezzato | BofA Global Research |