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Public Power

DB:PU8
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PU8
DB
€587M
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Public Power Corporation S.A., together with its subsidiaries, generates, transmits, and distributes electricity in Greece. The last earnings update was 130 days ago. More info.


Add to Portfolio Compare Print
  • Public Power has significant price volatility in the past 3 months.
PU8 Share Price and Events
7 Day Returns
4.3%
DB:PU8
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
45.3%
DB:PU8
-0.5%
Europe Electric Utilities
-16.6%
DE Market
PU8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Public Power (PU8) 4.3% -9.4% -40.2% 45.3% -20.8% -51.2%
Europe Electric Utilities 0.7% -17.1% -11.1% -0.5% 22.1% -2%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • PU8 outperformed the Electric Utilities industry which returned -0.5% over the past year.
  • PU8 outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
PU8
Industry
5yr Volatility vs Market

PU8 Value

 Is Public Power undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Public Power to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Public Power.

DB:PU8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € 0.09
Payout Ratio Company Filings (2019-09-30) -0.1%
Discount Rate (Cost of Equity) See below 19.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PU8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 13.7%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.272 (1 + (1- 29%) (713.93%))
1.434
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.434 * 13.68%)
19.23%

Discounted Cash Flow Calculation for DB:PU8 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Public Power is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:PU8 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.09 / (19.23% - -0.39%)
€0.44
DB:PU8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PU8 represents 0.98024x of ATSE:PPC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98024x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.46 x 0.98024
€0.45
Value per share (EUR) From above. €0.45
Current discount Discount to share price of €2.48
= -1 x (€2.48 - €0.45) / €0.45
-451.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Public Power is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Public Power's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Public Power's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PU8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-1.22
ATSE:PPC Share Price ** ATSE (2020-04-07) in EUR €2.53
Europe Electric Utilities Industry PE Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 10.45x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Public Power.

DB:PU8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:PPC Share Price ÷ EPS (both in EUR)

= 2.53 ÷ -1.22

-2.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Public Power is loss making, we can't compare its value to the Europe Electric Utilities industry average.
  • Public Power is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Public Power's expected growth come at a high price?
Raw Data
DB:PU8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
62.3%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 35 Publicly-Listed Electric Utilities Companies 1.6x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Public Power, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Public Power's assets?
Raw Data
DB:PU8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €15.81
ATSE:PPC Share Price * ATSE (2020-04-07) in EUR €2.53
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.78x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:PU8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:PPC Share Price ÷ Book Value per Share (both in EUR)

= 2.53 ÷ 15.81

0.16x

* Primary Listing of Public Power.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Public Power is good value based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Public Power's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Public Power has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PU8 Future Performance

 How is Public Power expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
62.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Public Power expected to grow at an attractive rate?
  • Public Power's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Public Power's earnings growth is expected to exceed the Germany market average.
  • Public Power's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PU8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PU8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 62.3%
DB:PU8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.3%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PU8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PU8 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,908 967 201 1
2021-12-31 4,583 889 -69 2
2020-12-31 4,679 1,071 192 2
2020-04-07
2019-12-31 5,067 577 -353 1
DB:PU8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 4,861 -321
2019-06-30 4,836 622 -283
2019-03-31 4,745 -736
2018-12-31 4,742 1,088 -542
2018-09-30 4,790 -84
2018-06-30 4,795 764 -365
2018-03-31 4,866 199
2017-12-31 4,943 177 128
2017-09-30 4,947 136
2017-06-30 4,860 468 98
2017-03-31 5,178 28
2016-12-31 5,130 1,191 170

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Public Power's earnings are expected to grow significantly at over 20% yearly.
  • Public Power's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PU8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Public Power Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PU8 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.87 0.87 0.87 1.00
2021-12-31 0.43 0.43 0.43 1.00
2020-12-31 0.83 0.83 0.83 1.00
2020-04-07
2019-12-31 -1.52 -1.52 -1.52 1.00
DB:PU8 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30
2019-06-30 -1.22
2019-03-31
2018-12-31 -2.34
2018-09-30
2018-06-30 -1.57
2018-03-31
2017-12-31 0.55
2017-09-30
2017-06-30 0.42
2017-03-31
2016-12-31 0.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Public Power is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Public Power's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Public Power has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PU8 Past Performance

  How has Public Power performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Public Power's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Public Power does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Public Power's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Public Power's 1-year growth to the Europe Electric Utilities industry average as it is not currently profitable.
Earnings and Revenue History
Public Power's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Public Power Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PU8 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,860.84 -320.61 655.23
2019-06-30 4,835.60 -282.95 673.62
2019-03-31 4,745.04 -736.21 655.23
2018-12-31 4,741.64 -542.01 655.23
2018-09-30 4,789.85 -83.81 882.52
2018-06-30 4,794.89 -364.96 845.33
2018-03-31 4,865.85 198.89 882.52
2017-12-31 4,943.50 127.58 829.65
2017-09-30 4,947.30 135.89 1,287.16
2017-06-30 4,860.31 98.34 832.69
2017-03-31 5,177.50 28.49 1,287.16
2016-12-31 5,130.00 170.15 868.09
2016-09-30 5,324.46 -38.92 1,801.18
2016-06-30 5,425.52 -192.88 1,703.63
2016-03-31 5,599.66 -72.62 1,801.18
2015-12-31 5,709.31 -117.70 1,739.75
2015-09-30 5,892.35 -24.61 1,361.56
2015-06-30 5,943.37 100.60 1,364.87
2015-03-31 5,923.38 65.68 1,372.34
2014-12-31 5,863.66 91.32 1,384.94
2014-09-30 5,900.28 -110.12 1,324.21
2014-06-30 5,853.24 -256.09 1,332.36
2014-03-31 5,972.85 -193.34 1,390.71
2013-12-31 5,970.83 -225.29 1,343.03
2013-09-30 5,915.36 -74.27 1,261.84
2013-06-30 5,998.44 146.68 1,203.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Public Power has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Public Power has efficiently used its assets last year compared to the Europe Electric Utilities industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Public Power improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Public Power's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Public Power has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PU8 Health

 How is Public Power's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Public Power's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Public Power's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Public Power's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Public Power's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Public Power Company Filings, last reported 6 months ago.

DB:PU8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,668.88 4,190.51 236.04
2019-06-30 3,668.88 4,134.62 236.04
2019-03-31 3,943.08 3,951.75 198.58
2018-12-31 3,943.08 3,951.75 198.58
2018-09-30 4,902.67 4,054.56 337.87
2018-06-30 4,902.67 4,054.56 337.87
2018-03-31 5,610.54 4,269.23 251.60
2017-12-31 5,610.54 4,269.23 251.60
2017-09-30 5,449.43 4,384.25 511.80
2017-06-30 5,449.43 4,384.25 511.80
2017-03-31 5,945.39 4,612.00 207.03
2016-12-31 5,859.68 4,612.00 207.03
2016-09-30 5,963.06 5,237.09 574.57
2016-06-30 5,963.06 5,237.09 574.57
2016-03-31 5,911.56 5,332.67 451.67
2015-12-31 5,911.56 5,332.67 451.67
2015-09-30 6,063.43 5,443.52 367.42
2015-06-30 6,228.20 5,540.36 701.99
2015-03-31 6,190.45 5,564.93 495.80
2014-12-31 6,134.75 5,533.60 434.51
2014-09-30 5,525.49 5,412.00 333.91
2014-06-30 5,500.00 5,421.06 403.36
2014-03-31 5,485.07 5,245.29 466.94
2013-12-31 5,403.57 4,950.17 260.28
2013-09-30 5,597.38 5,043.30 259.08
2013-06-30 5,720.40 5,148.07 403.03
  • Public Power's level of debt (112.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (97.9% vs 112.7% today).
  • Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Public Power's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Public Power's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Public Power has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PU8 Dividends

 What is Public Power's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Public Power dividends. Estimated to be 3.56% next year.
If you bought €2,000 of Public Power shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Public Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Public Power's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PU8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PU8 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.09 1.00
2021-12-31
2020-12-31
2020-04-07
2019-12-31
DB:PU8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2016-12-21 0.000 0.000
2016-09-28 0.000 0.000
2016-05-26 0.000 0.000
2016-03-31 0.000 0.000
2016-03-30 0.000 0.000
2015-03-27 0.050 1.190
2014-11-27 0.000 0.000
2014-08-28 0.000 0.000
2014-05-29 0.000 0.000
2014-03-27 0.000 0.000
2013-03-28 0.025 0.294
2012-11-27 0.000 0.000
2012-08-31 0.000 0.000
2012-08-30 0.000 0.000
2012-05-30 0.000 0.000
2012-04-02 0.000 0.000
2012-03-30 0.000 0.000
2011-08-30 0.620 14.231
2011-03-28 0.790 8.734
2010-03-01 1.000 8.272
2009-10-30 0.000 0.000
2009-10-15 0.000 0.000
2009-08-27 0.000 0.000
2009-07-15 0.000 0.000
2009-05-21 0.000 0.000
2009-04-15 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Public Power has not reported any payouts.
  • Unable to verify if Public Power's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Public Power's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Public Power has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (14.3x coverage).
X
Income/ dividend checks
We assess Public Power's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Public Power afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Public Power has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PU8 Management

 What is the CEO of Public Power's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Georgios Stassis
TENURE AS CEO 1.3 years
CEO Bio

Mr. Georgios Stassis serves as Chairman and Chief Executive Executive Officer at Public Power Corporation S.A. since 2019. Mr. Georgios Stassis worked for ENEL SpA, the Italian multinational energy company where among others he held the position of the Head of Enel Green Power responsible for the area of Eastern Europe and Middle East until 2015. From 2016 until 2019 Mr. Stassis has been the President & CEO of Enel Romania SrL. the largest energy company in Romania. He has many years of experience in the Energy market, and has served in the Boards of various organizations and associations of the Energy Sector in Greece, and abroad. Mr. Stassis holds a bachelor’s degree in Civil Engineering and a master’s degree in management in Construction and Structural Design (Kingston University, UK). Moreover, Mr. Stassis has attended Executive Courses at Harvard Business School (US) and Elis Academy (Italy).

CEO Compensation
  • Insufficient data for Georgios to compare compensation growth.
  • Insufficient data for Georgios to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Georgios Stassis

TITLE
Chairman & CEO
TENURE
1.3 yrs

Efthimios Koutroulis

TITLE
Chief Accountant & Accounting Department Director

Emmanouil Chatzakis

TITLE
Head of Investor Relations Sector

Argiris Economou

TITLE
General Counsel & Chief Legal Officer for Legal Affairs and Corporate Governance

Kopanakis Ioannis

TITLE
Chief Corporate Development Officer & Acting Chief Commercial Officer
TENURE
3.3 yrs

George Georgios

TITLE
Chief Human Resources & Organization Officer

Tsiligiannis Vasilios

TITLE
Section Head of Detailed Accounting

Filiou Vasiliki

TITLE
Head of Tax Liability Execution Section

Ioannidou Thalia

TITLE
Head of Internal Auditing

Tzima-Giza Theophania

TITLE
Head of Internal Auditing Section
Board of Directors Tenure

Average tenure and age of the Public Power board of directors in years:

1.3
Average Tenure
57
Average Age
  • The average tenure for the Public Power board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pyrros Papadimitriou

TITLE
Vice Chairman
TENURE
1.3 yrs

Georgios Stassis

TITLE
Chairman & CEO
TENURE
1.3 yrs

George Karakousis

TITLE
Deputy CEO & Director
TENURE
0.2 yrs

Nikos Fotopoulos

TITLE
Non-Executive Director
AGE
57
TENURE
6.9 yrs

Pantelis Karaleftheris

TITLE
Non-Executive Director
AGE
57
TENURE
6.9 yrs

George Venieris

TITLE
Independent Non-Executive Director
AGE
72
TENURE
1.3 yrs

Despina Doxaki

TITLE
Non-Executive Director
TENURE
0.8 yrs

Stefanos Kardamakis

TITLE
Director
AGE
52
TENURE
1.3 yrs

Alexander Paterakis

TITLE
Director
TENURE
1.3 yrs

Stephanos Theodoridis

TITLE
Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Public Power's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Public Power has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PU8 News

Simply Wall St News

PU8 Company Info

Description

Public Power Corporation S.A., together with its subsidiaries, generates, transmits, and distributes electricity in Greece. It generates electricity from lignite, natural gas, liquid fuel, wind, hydroelectric, and photovoltaic power plants. The company owns 60 power generating stations; and distributes electricity through 239,119 kilometers of medium and low voltage distribution network. It also owns approximately 162 kilometers of urban fiber optics network. In addition, the company offers financing services. Public Power Corporation S.A. was founded in 1950 and is headquartered in Athens, Greece.

Details
Name: Public Power Corporation S.A.
PU8
Exchange: DB
Founded: 1950
€586,960,000
232,000,000
Website: http://www.dei.gr
Address: Public Power Corporation S.A.
30, Chalkokondili Street,
Athens,
10432,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE PPC Common Shares The Athens Stock Exchange GR EUR 12. Dec 2001
OTCPK PUPO.F Common Shares Pink Sheets LLC US USD 12. Dec 2001
DB PU8 Common Shares Deutsche Boerse AG DE EUR 12. Dec 2001
LSE 0MC5 Common Shares London Stock Exchange GB EUR 12. Dec 2001
Number of employees
Current staff
Staff numbers
15,907
Public Power employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:34
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/01/17
Last earnings filing: 2019/11/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.