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

• Market Cap: £169.99M
• Dividend Yield: 3.76%
• Average Volume (3M): 44.28K
• 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: 87
• Industry: Specialty Business Services
• EPS (TTM): -0.09
• Shares Outstanding: 122,734,190
• 10 Day Avg. Volume: 51,371
• 30 Day Avg. Volume: 44,281
• PEG Ratio: 0.30
• Price to Book (P/B): 2.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.20
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 0.34
• Enterprise Value/Gross Profit: 1.26
• Enterprise Value/Ebitda: -24.93
• 1Y Price Target: £250.00
• Price Target Upside: 80.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 50 Neutral
• Price Target: 135.00p ▼(-2.53%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

Financial Performance

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

Leadership and Growth

The appointment of John Green as Chief Client Officer will accelerate the group's cross-referral programme and enhance organic revenue growth.

Strategic 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.

Negative Factors

Client Retention

Strong client retention is underpinned by retainers and service quality, providing strong revenue visibility.

Revenue Ambitions

Management set out their ambitions to increase revenues to $500m in the medium-term through organic growth and M&A.

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

Company Description

Public Policy Holding Co., Inc. (PPHC) is a leading provider of public policy, government affairs, and strategic communications services. The company operates across various sectors, offering expertise in lobbying, advocacy, and public relations to help clients navigate the complex landscape of government regulations and policies. PPHC is known for its deep industry knowledge and ability to influence legislative and regulatory outcomes for its clients.

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. shows a mixed financial performance. While there is strong revenue growth, the company faces persistent profitability challenges with negative net income and high debt levels. The balance sheet is somewhat stable but leveraged, and cash flow generation is positive yet volatile. Overall, there is a need for improved cost management and financial stability.

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

Public Policy Holding Co., Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 138.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 138.5 is above the 20-day moving average (MA) of 136.30, above the 50-day MA of 133.31, and above the 200-day MA of 131.27, indicating a bullish trend. The MACD of 1.23 indicates Positive momentum. The RSI at 89.83 is Negative, neither overbought nor oversold. The STOCH value of 63.89 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	£147.60M	12.96	11.37%	2.05%	5.40%	19.01%
KEYS	73 Outperform	£195.24M	22.80	45.84%	4.01%	12.22%	7.48%
RST	68 Neutral	£351.89M	28.39	5.32%	2.96%	-0.65%	―
CPI	66 Neutral	£294.39M	3.66	49.03%	―	-10.33%	―
Sector *	66 Neutral	$4.51B	12.22	5.40%	3.63%	4.14%	-12.01%
BEG	64 Neutral	£170.91M	70.59	3.11%	2.62%	13.88%	512.00%
PPHC	50 Neutral	£169.99M	―	-28.97%	3.76%	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.