Public Policy Holding Co., Inc. (PPHC) AI Stock Analysis

• Market Cap: £166.30M
• Dividend Yield: 5.19%
• Average Volume (3M): 33.97K
• Price to Earnings (P/E): ―
• Beta (1Y): <0.01
• Revenue Growth: 7.76%
• EPS Growth: -60.70%
• Country: UK
• Employees: 367
• Sector: Industrials
• Sector Strength: 93
• Industry: Specialty Business Services
• EPS (TTM): -0.09
• Shares Outstanding: 122,734,190
• 10 Day Avg. Volume: 67,516
• 30 Day Avg. Volume: 33,970
• PEG Ratio: 0.20
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £255.00
• Price Target Upside: 88.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 50 Neutral
• Price Target: 135.00p ▼( -0.37% Downside)

Public Policy Holding Co., Inc. has a balanced score driven by both risks and strengths. Strong revenue growth and strategic corporate events are tempered by high leverage, persistent profitability issues, and technical weaknesses. The high dividend yield provides some valuation support, but financial and operational improvements are needed to enhance stability and capitalize on growth opportunities.

Positive Factors

Acquisitions

The acquisitions of LPA, Pagefield, and TrailRunner represent a major step forward in the group's goal to build a global, integrated advisory platform.

Client Base

PPHC now has 1,200+ blue-chip clients with diversity across industries and low client concentration.

Financial Performance

PPHC remains highly cash generative and retains a strong balance sheet.

Negative Factors

Growth Ambitions

Significant opportunities for medium-term value creation are highlighted by management's ambitions to achieve $500m in revenues.

Strategic Execution

PPHC well-placed to generate long-term shareholder value through strong strategic execution.

Public Policy Holding Co., Inc. Business Overview & Revenue Model

Company Description

Public Policy Holding Company, Inc. provides public policy advocacy, communications, and related advisory services. It operates in two segments, Lobbying Consulting and Public Affairs Consulting. The Lobbying Consulting segment offers federal and state advocacy, strategic guidance, political intelligence, and issue monitoring services. The Public Affairs Consulting segment provides crisis communications, community relations, social and digital podcasting, public opinion research, branding and messaging, relationship marketing, and litigation support. The company was founded in 2014 and is headquartered in Washington, the District of Columbia.

How the Company Makes Money

PPHC makes money primarily through consulting fees charged to clients for its public policy and government affairs services. The company's revenue streams include retainer fees for ongoing advisory services, project-based fees for specific lobbying or advocacy campaigns, and success fees contingent on achieving desired legislative or regulatory outcomes. PPHC also benefits from strategic partnerships with other firms in the industry, which can lead to collaborative projects and shared revenue opportunities. Key factors contributing to its earnings include the company's reputation, client base, and the effectiveness of its lobbying and advocacy efforts.

Public Policy Holding Co., Inc. Financial Statement Overview

Summary

Public Policy Holding Co., Inc. demonstrates robust revenue growth, but faces persistent profitability challenges with negative net income. The balance sheet is stable, yet high debt levels pose a risk. Positive operating and free cash flows are encouraging, though there's fluctuation in cash flow and high capital expenditures.

Income Statement

The company has shown revenue growth over the years, with a consistent increase in total revenue from 2019 to 2024. However, the profitability metrics are concerning, as the company has reported negative net income throughout the years, indicating persistent losses. The gross profit margin is relatively healthy, but negative EBIT and EBITDA margins highlight operational inefficiencies and challenges in managing costs.

Balance Sheet

The balance sheet shows a stable equity base with an increasing trend in stockholders' equity over the years. However, the debt level is relatively high, leading to a concerning debt-to-equity ratio. The company maintains a reasonable level of cash and cash equivalents, providing some liquidity cushion, but the high total liabilities could pose risks to financial stability.

Cash Flow

Operating cash flow remains positive and relatively stable, indicating decent cash generation from core operations. Free cash flow is also positive, which is a good sign of financial health. However, the fluctuation in free cash flow growth and high capital expenditures in some years reflect potential volatility in managing cash flow effectively.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
140.40M	149.56M	134.99M	108.81M	99.34M	77.48M
	Gross Profit
53.50M	149.56M	51.03M	45.55M	17.75M	10.81M
	EBIT
-10.73M	-15.69M	-5.80M	-4.75M	-23.71M	-1.13M
	EBITDA
-129.49K	-6.63M	1.94M	-1.85M	-18.75M	3.33M
	Net Income Common Stockholders
-20.83M	-23.96M	-14.24M	-15.01M	-24.26M	-1.22M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.34M	14.54M	14.34M	21.20M	18.04M	6.14M
	Total Assets
147.69M	174.46M	147.69M	122.04M	102.03M	90.73M
	Total Debt
35.79M	53.68M	35.79M	18.93M	18.87M	19.87M
	Net Debt
21.45M	39.14M	21.45M	-2.27M	838.67K	13.72M
	Total Liabilities
65.62M	93.21M	65.62M	46.06M	39.28M	32.06M
	Stockholders Equity
82.07M	81.25M	82.07M	75.99M	62.75M	58.67M
Cash Flow		Free Cash Flow
19.83M	16.35M	21.37M	20.68M	4.60M	5.81M
	Operating Cash Flow
19.96M	16.40M	21.60M	20.68M	4.64M	5.83M
	Investing Cash Flow
-21.80M	-19.49M	-23.23M	-11.91M	-36.63K	-23.91K
	Financing Cash Flow
2.82M	3.34M	-5.24M	-5.60M	7.29M	-707.85K

Public Policy Holding Co., Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 135.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PPHC, the sentiment is Positive. The current price of 135.5 is above the 20-day moving average (MA) of 133.30, above the 50-day MA of 132.31, and above the 200-day MA of 130.85, indicating a bullish trend. The MACD of 1.20 indicates Negative momentum. The RSI at 79.15 is Negative, neither overbought nor oversold. The STOCH value of 66.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PPHC.

Public Policy Holding Co., Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KGH	77 Outperform	£127.43M	11.19	11.37%	3.06%	5.40%	19.01%
KEYS	73 Outperform	£187.98M	21.96	45.84%	3.14%	12.22%	7.48%
RST	68 Neutral	£360.11M	28.77	5.32%	2.03%	-0.65%	―
Sector *	65 Neutral	$4.41B	12.06	5.22%	249.80%	4.09%	-12.16%
BEG	64 Neutral	£159.73M	65.36	3.11%	4.10%	13.88%	512.00%
CPI	62 Neutral	£202.28M	3.18	49.03%	―	-10.33%	―
PPHC	50 Neutral	£166.30M	―	-28.97%	5.19%	7.76%	-60.70%

Public Policy Holding Co., Inc. Corporate Events

PPHC Successfully Passes All Resolutions at AGM

Public Policy Holding Company, Inc. announced that all resolutions were passed at its Annual General Meeting, including the adoption of the Annual Report and the appointment of Forvis Mazars, LLP as auditors. The re-election of directors Stewart Hall, Kimberly White, and Keenan Austin was also confirmed. This successful AGM reflects PPHC’s stable governance and continued strategic focus, potentially strengthening its position in the industry and reassuring stakeholders of its robust operational framework.

The most recent analyst rating on (GB:PPHC) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Public Policy Holding Co., Inc. stock, see the GB:PPHC Stock Forecast page.

PPHC Announces Share Adjustments Following Employee Departures

Public Policy Holding Company, Inc. announced the forfeiture of 13,150 shares following the departure of two employees, alongside the vesting of 10,000 Restricted Stock Units (RSUs) for another departing employee. The company has applied for the cancellation of the forfeited shares and the admission of new shares to trading on AIM, expected to commence on May 1, 2025. This adjustment will result in a total issued share capital of 122,734,191 common shares, impacting shareholder calculations regarding their interests in the company’s securities.

PPHC Publishes AGM Notice and Annual Report for 2024

Public Policy Holding Company, Inc. has announced the publication of its Notice of Annual General Meeting (AGM) and Annual Report for the year ending December 31, 2024. The AGM is scheduled for May 15, 2025, in London, and the Annual Report is now available on the company’s website. This announcement underscores PPHC’s commitment to transparency and regulatory compliance, potentially reinforcing its market position and stakeholder trust.

PPHC Share Purchase by Chairman’s Associate Signals Confidence

Public Policy Holding Company, Inc. announced that Fiona Lee, closely associated with the Non-Executive Chairman Simon Lee, purchased 73,870 common shares at 133 pence each, increasing her total holdings to 323,694 shares. This transaction represents approximately 0.26% of the company’s issued capital, potentially indicating confidence in the company’s strategic direction and future growth prospects.

PPHC Recognized in Bloomberg’s Top-Performing Lobbying Firms Report

Public Policy Holding Company, Inc. (PPHC) has been recognized in Bloomberg Government’s 2024 Top-Performing Lobbying Firms report, with three of its U.S.-based firms—Crossroads Strategies, Forbes Tate Partners, and Alpine Group—highlighted for their growth and performance. This recognition underscores PPHC’s position as a leading provider of federal lobbying services, reflecting the company’s strength in navigating complex policy landscapes and its impact on the advocacy industry, which saw federal lobbying reach a record high of $4.5 billion in 2024.

Public Policy Holding Co., Inc. Announces Major Holdings Change

Public Policy Holding Company, Inc. has announced a change in its major holdings, as Rhoderick M. Shaw has acquired a significant portion of voting rights, now holding 4.16%. This acquisition may impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relations.

Public Policy Holding Co. Announces Major Shareholding Change

Public Policy Holding Company, Inc., a non-UK issuer, has announced a change in its major holdings. AG Holdings, Inc., formerly known as The Alpine Group, Inc., has reduced its voting rights in the company to 0% from a previous position of 3.72%. This change, effective from April 17, 2025, indicates a significant shift in the company’s shareholder structure, potentially impacting its governance and strategic direction.

PPHC Expands Strategic Communications Reach with TrailRunner Acquisition

Public Policy Holding Company, Inc. has completed its acquisition of TrailRunner International, a strategic communications firm, marking a significant expansion into the high-value strategic communications market. This acquisition enhances PPHC’s service offerings, particularly in reputation and crisis management, financial communications, and corporate advisory, while expanding its global reach. The integration of TrailRunner is expected to increase cross-selling opportunities and strengthen PPHC’s position as a trusted partner in both public and private sectors. Additionally, PPHC has issued new common shares as part of the acquisition agreement, which will be admitted to trading on AIM, reflecting the company’s strategic growth and operational expansion.

PPHC Shareholder AG Holdings to Transfer Shares to Employees

Public Policy Holding Company, Inc. announced that AG Holdings, a current shareholder, is liquidating and distributing its shares of PPHC as part of a strategic plan to transfer ownership to employees of Alpine Group Partners, one of PPHC’s operating companies. This move is part of AG Holdings’ long-term strategy and may impact PPHC’s shareholder structure, potentially aligning the interests of its employees with the company’s performance.

Public Policy Holding Company Reports Strong 2024 Financial Performance and Strategic Expansion

Public Policy Holding Company, Inc. reported an 11% increase in revenue to $149.6 million for the year ended December 31, 2024, driven by organic growth and strategic acquisitions. The company maintained strong financial performance with an underlying EBITDA margin of 24.2% and robust free cash flow, despite increased M&A costs. The acquisition of Lucas Public Affairs and Pagefield Communications expanded its global footprint, enhancing service capabilities and client offerings. With a focus on organic growth, client retention, and strategic acquisitions, PPHC aims to achieve $500 million in revenue in the medium term, capitalizing on increased policy activity and demand for its services post-US elections.

Public Policy Holding Company to Announce Preliminary 2024 Results

Public Policy Holding Company, Inc. announced it will release its unaudited preliminary results for the year ended December 31, 2024, on March 12, 2025. The company will host a presentation via the Investor Meet Company platform, offering investors the opportunity to engage with the management team, including CEO Stewart Hall, CFO Roel Smits, and CSO Thomas Gensemer. This event underscores PPHC’s commitment to transparency and investor engagement, potentially impacting its market positioning and stakeholder relations.