Public Policy Holding Company, Inc. (NASDAQ: PPHC)

Sector: Industrials Industry: Consulting Services CIK: 0001903508
Market Cap 125.42 Mn
P/B 1.54
P/E -5.24
P/S 0.84
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 23.78
Total Debt (Qtr) 70.56 Mn
Debt/Equity (Qtr) 0.87
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About

Investment thesis

Bull case

  • Tangible assets of 96.25M provide exceptional 19.52x coverage of deferred revenue 4.93M, showing strong service capability backing.
  • Tangible assets of 96.25M provide robust 6.97x coverage of other current liabilities 13.80M, indicating strong asset backing.
  • Cash reserves of 11.14M provide solid 0.94x coverage of other non-current liabilities 11.86M, indicating strong liquidity.
  • Cash position of 11.14M provides strong 2.26x coverage of deferred revenue 4.93M, ensuring service delivery capability.

Bear case

  • Operating cash flow of 0 provides insufficient coverage of deferred revenue obligations of 4.93M, which is 0x, raising concerns about future service delivery capabilities.
  • Retained earnings of (146.62M) provide limited buffer against comprehensive income items of 1.18M, which is -124.15x, indicating elevated exposure to market risks.
  • Tangible assets of 96.25M provide limited backing for working capital of (1.20M), which is -80.21x, suggesting increased operational risk in market downturns.
  • Intangible assets of 108.33M represent a concerning 1.33x of shareholder equity 81.51M, indicating high exposure to potential impairment risks.
  • Tangible assets of 96.25M are outweighed by intangibles of 108.33M (0.89 ratio), indicating heightened risk during market stress periods.

Peer comparison

Companies in the Consulting Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 VRSK Verisk Analytics, Inc. 28.99 Bn 59.50 10.85 4.89 Bn
2 EFX Equifax Inc 23.01 Bn 48.18 7.65 4.81 Bn
3 BAH Booz Allen Hamilton Holding Corp 9.48 Bn 11.30 0.83 4.14 Bn
4 FCN Fti Consulting, Inc 5.36 Bn 20.13 1.45 0.74 Bn
5 HURN Huron Consulting Group Inc. 2.29 Bn 21.14 1.38 0.65 Bn
6 ICFI ICF International, Inc. 1.43 Bn 22.60 0.96 0.62 Bn
7 CRAI Cra International, Inc. 1.10 Bn 25.41 1.63 0.19 Bn
8 SBC SBC Medical Group Holdings Inc 0.48 Bn 11.17 2.71 0.03 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 1.96
EV to Cash from Ops. EV to Cash from Ops. 0.00 5.36
EV to Debt EV to Debt 0.00 58.47
EV to EBIT EV to EBIT 0.00 18.59
EV to EBITDA EV to EBITDA 0.00 20.71
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 11.61
EV to Market Cap EV to Market Cap 0.00 -835.88
EV to Revenue EV to Revenue 0.00 5.73
Price to Book Value [P/B] P/B 1.54 3.44
Price to Earnings [P/E] P/E -5.24 22.21
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 0.70
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 4.25
Dividend per Basic Share Div per Share (Qtr) 0.00 0.32
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 6.40
Interest Coverage Int. cover (Qtr) 0.00 92.47
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -330.08
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 126.66
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.43
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 -18.91
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 -12.32
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 -132.53
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 -937.51
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 -76.24
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 -11.33
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 12.14
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.77
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.09
Cash Ratio Cash Ratio (Qtr) 0.22 2.02
Current Ratio Curr Ratio (Qtr) 0.98 4.88
Debt to Equity Ratio Debt/Equity (Qtr) 0.87 0.55
Interest Cover Ratio Int Coverage (Qtr) 0.00 92.47
Times Interest Earned Times Interest Earned (Qtr) 0.00 92.47
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -16.97
EBIT Margin % EBIT Margin % (Qtr) 0.00 -96.24
EBT Margin % EBT Margin % (Qtr) 0.00 -22.60
Gross Margin % Gross Margin % (Qtr) 0.00 54.26
Net Profit Margin % Net Margin % (Qtr) 0.00 -25.32