Public Power Corporation S.A. (PPC.AT) stock analysis

In our weekly check, Public Power Corporation S.A. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 5.

About Public Power Corporation S.A.

Public Power Corporation S.A. is an Utilities company (Regulated Electric) based in Greece, listed on ATH as PPC.AT.

What our checks show for PPC.AT

Red flags

• The gross margin fell by 14.3 points, to 28.1%: costs are rising faster than prices.
• Revenue fell 5.1% a year over the last 3 years.
• Free cash flow is negative (-4.5% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 98% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Net debt is 0.9x a year of EBITDA (debt/equity 1.01). That limits room in a downturn and raises refinancing risk.
• Analysts expect the net margin to shrink by 0.2 points from today's 5%.
• The net margin is only 5%: little room if costs rise.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 8.6%.

Strengths

• The net margin rose by 5.4 points over 5 years, to 5%.
• Operating cash flow is 3.95x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 10.3% a year over the next years.
• Earnings per share grew 195% a year over the last 3 years.
• The dividend takes 37% of profit: there is a cushion.
• A large company: market value $14.57 billion.

Next earnings report: 2026-11-16

Similar companies

PNW · ELI.BR · EMA · OGE · LNT · TRN.MI

Questions

What grade does Public Power Corporation S.A. (PPC.AT) have?

In our weekly check, Public Power Corporation S.A. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PPC.AT stock?

This week's biggest flags for Public Power Corporation S.A.: Gross margin falling, Weak revenue growth, Weak free cash flow. In total 10 of 24 checks show a warning or a red flag.

What does Public Power Corporation S.A. do?

Public Power Corporation S.A. is an Utilities company (Regulated Electric) based in Greece, listed on ATH as PPC.AT.

When does Public Power Corporation S.A. report earnings next?

The next earnings report is expected on 2026-11-16. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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