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

• Market Cap: £253.07M
• Dividend Yield: 1.11%
• Average Volume (3M): 12.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: 15.27%
• EPS Growth: -73.02%
• Country: UK
• Employees: 367
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 0.45
• Shares Outstanding: 25,181,070
• 10 Day Avg. Volume: 4,148
• 30 Day Avg. Volume: 12,084
• PEG Ratio: -0.65
• Price to Book (P/B): 11.79
• Price to Sales (P/S): 6.41
• P/FCF Ratio: 58.63
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: 1,060.00p ▲(0.47% Upside)

The overall stock score reflects strong technical momentum and positive corporate developments, offset by valuation concerns due to negative earnings and high leverage. Financial performance shows potential with revenue growth but is hindered by profitability issues.

Positive Factors

Sustained revenue growth

Consistent mid-teens revenue growth reflects durable demand for public affairs and advisory services and supports scale advantages across agencies. Over 2-6 months this trend underpins recurring retainer revenue and provides a base for profitable cross-selling and long-term client relationships.

Positive operating and free cash flow

Stable positive operating and free cash flow indicate the core business generates cash despite accounting losses. This strengthens liquidity and funds investments or acquisitions without immediate external financing, providing financial resilience and optionality over the medium term.

Multi-agency platform and cross-selling

A multi-agency model enables diversified revenue streams and higher client retention via integrated services. Structural cross-sell opportunities increase lifetime client value and reduce dependence on any single service line, supporting more stable revenue and margin improvement over time.

Negative Factors

Persistent net losses

Chronic negative net income signals structural profitability challenges that can erode equity and limit reinvestment. Over several months this constrains ability to fund growth internally, raises reliance on external capital, and risks investor confidence if margins aren't restored.

High leverage / concerning debt ratio

Elevated debt amplifies refinancing and interest-rate risk and reduces financial flexibility. In a services business with variable project timing, high leverage can strain liquidity during revenue variability and limit capacity for strategic investments or acquisitions.

Negative operating margins (EBIT/EBITDA)

Sustained negative EBIT and EBITDA margins point to structural cost or pricing issues, reducing scalability. Unless fixed-cost absorption or pricing improves, margin deficits will persist, limiting cash available for debt reduction, reinvestment, and shareholder returns over the medium term.

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 generates revenue through a combination of consulting fees, retainers, and performance-based compensation from its clients. The firm engages in long-term partnerships with various organizations, offering expertise in legislative strategy, regulatory compliance, and public engagement. Key revenue streams include hourly consulting rates, fixed fees for project-based work, and success fees tied to specific advocacy outcomes. Additionally, PPHC may benefit from strategic alliances with other firms and stakeholders in the public policy arena, enhancing its service offerings and expanding its client base.

Public Policy Holding Co., Inc. Financial Statement Overview

Summary

Public Policy Holding Co., Inc. shows strong revenue growth but faces persistent profitability challenges with negative net income and high leverage. Positive operating and free cash flow provide some stability, but the variability in cash flow and negative profit margins highlight areas for improvement.

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	166.34M	149.56M	134.99M	108.81M	99.34M	77.48M
Gross Profit	137.01M	149.56M	51.03M	45.55M	17.75M	10.81M
EBITDA	-12.30M	-6.63M	1.94M	-1.85M	-18.75M	3.33M
Net Income	-30.22M	-23.96M	-14.24M	-15.01M	-24.26M	-1.17M
Balance Sheet
Total Assets	203.89M	174.46M	147.69M	122.04M	102.03M	90.73M
Cash, Cash Equivalents and Short-Term Investments	9.79M	14.54M	14.34M	21.20M	18.04M	6.14M
Total Debt	73.21M	53.68M	35.79M	18.93M	18.87M	19.87M
Total Liabilities	122.84M	93.21M	65.62M	46.06M	39.28M	32.06M
Stockholders Equity	81.05M	81.25M	82.07M	75.99M	62.75M	58.67M
Cash Flow
Free Cash Flow	16.43M	16.35M	21.37M	20.68M	4.60M	5.81M
Operating Cash Flow	16.57M	16.40M	21.60M	20.68M	4.64M	5.83M
Investing Cash Flow	-18.17M	-19.49M	-23.23M	-11.91M	-36.63K	-23.91K
Financing Cash Flow	2.87M	3.34M	-5.24M	-5.60M	7.29M	-707.85K

Public Policy Holding Co., Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1055.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PPHC, the sentiment is Negative. The current price of 1055 is above the 20-day moving average (MA) of 1052.00, below the 50-day MA of 1086.85, and above the 200-day MA of 890.87, indicating a neutral trend. The MACD of -23.14 indicates Positive momentum. The RSI at 11.11 is Positive, neither overbought nor oversold. The STOCH value of 31.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
KEYS	76 Outperform	£200.45M	20.59	56.75%	5.98%	16.29%	22.80%
BEG	69 Neutral	£189.90M	19.00	12.60%	3.91%	8.31%	305.88%
RST	66 Neutral	£390.23M	41.55	4.01%	2.31%	6.90%	145.00%
CPI	64 Neutral	£473.55M	27.31	9.00%	―	-4.87%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PPHC	61 Neutral	£253.07M	-39.68	-40.39%	1.11%	15.27%	-73.02%
KGH	61 Neutral	£163.05M	136.69	7.40%	2.75%	8.01%	-23.02%

Public Policy Holding Co., Inc. Corporate Events

PPHC Advances Plans for Dual Listing With Amended U.S. IPO Filing

Public Policy Holding Company, Inc. has filed an amended registration statement on Form S-1 with the U.S. Securities and Exchange Commission, reflecting feedback from regulators and marking continued progress toward a potential U.S. listing of its common stock. The company plans to list its shares on the Nasdaq Global Market under the ticker PPHC, creating a dual listing alongside its existing quotation on London’s AIM and aiming for full fungibility between the two markets, a move that could broaden its investor base and enhance liquidity for shareholders.

The most recent analyst rating on (GB:PPHC) stock is a Hold with a £1203.00 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 Cancels Forfeited Shares, Resets Total Voting Rights to 25.2 Million

Public Policy Holding Company, Inc. has moved to cancel 3,084 common shares that were previously issued to two former employees and subsequently forfeited, with the cancellation expected to take effect around 9 January 2026. Following this adjustment, the company’s issued and voting share capital will total 25,181,071 common shares, a new denominator for investors monitoring and disclosing changes in their ownership stakes under applicable notification rules.

The most recent analyst rating on (GB:PPHC) stock is a Hold with a £1203.00 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 Adds Senior Talent and Adjusts Share Capital Structure

PPHC has strengthened its strategic communications business by hiring a senior professional with an established client portfolio into one of its subsidiaries, effective 1 January 2026, in a deal worth up to $1 million contingent on performance over 2026–27. As part of the initial consideration, the company issued 6,579 new common shares, subject to vesting conditions, while separately cancelling 540 shares following an employee departure; after these changes and the admission of the new shares to trading on AIM, PPHC’s total issued and voting share capital will stand at 25,184,155 common shares, a new reference point for investors tracking their ownership thresholds.

The most recent analyst rating on (GB:PPHC) stock is a Hold with a £1203.00 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 Reports Q3 2025 Financial Results with Increased Revenue and Net Loss

Public Policy Holding Company, Inc. has filed its unaudited financial results for Q3 2025 with the SEC, aligning with its previous trading update. The company reported a net loss, with increased revenues and operating expenses compared to the previous year, reflecting ongoing challenges and strategic investments.

The most recent analyst rating on (GB:PPHC) stock is a Hold with a £1149.00 price target. To see the full list of analyst forecasts on Public Policy Holding Co., Inc. stock, see the GB:PPHC Stock Forecast page.

Public Policy Holding Company Announces New Share Issuance Following RSU Vesting

Public Policy Holding Company, Inc. has announced the issuance of 43,337 new common shares following the vesting of restricted stock units (RSUs) granted to employees, including directors and senior staff. These shares will be admitted to trading on AIM, with dealings expected to start on or around November 3, 2025. This move increases the company’s total issued and voting share capital to 25,178,116 common shares, impacting shareholder calculations for interest notifications.

The most recent analyst rating on (GB:PPHC) stock is a Hold with a £1149.00 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 Achieves Record Growth with Strategic Acquisitions and Strong Demand

Public Policy Holding Company, Inc. reported a 23.8% increase in Q3 revenue, driven by both organic growth and strategic acquisitions, leading to record EBITDA. The company’s strong performance is attributed to sustained client demand in the US post-election environment and successful integration of recent acquisitions. PPHC continues to see robust demand for its services, particularly in government relations and corporate communications, and plans to pursue further growth through a combination of organic expansion and disciplined M&A activities.

The most recent analyst rating on (GB:PPHC) stock is a Buy with a £1350.00 price target. To see the full list of analyst forecasts on Public Policy Holding Co., Inc. stock, see the GB:PPHC Stock Forecast page.