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Employees: 450
Size Public Policy (PPHC.L) is a United Kingdom Industrials company (Miscellaneous Commercial Services) with a market value of $383M, the 331st largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £855.00 on 6 Nov 2026.
Performance Over six months the shares fell 12.3%, against -11.9% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 43.0% over the last twelve months (peer median +6.9%); the operating margin is -3.1% (peer median 8.0%).
Valuation It trades at 9.0× forward earnings against a peer median of 17.4× (cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.0 points below its cost of capital (6.7% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £152M | £138M | £120M | £106M | £90.0M |
| Revenue growth | — | +16% | +13% | +18% | — |
| Gross profit | £22.5M | £25.4M | £112M | £100.0M | £85.6M |
| EBITDA | £4.39M | £10.5M | £3.38M | £4.00M | £488,887 |
| Net income | -£29.9M | -£30.8M | -£19.1M | -£11.2M | -£12.4M |
| Free cash flow | n/a | £18.4M | £13.1M | £7.86M | £17.1M |
| Capital expenditure | n/a | £8,165 | £44,644 | £182,820 | £0 |
| Total debt | £54.5M | £50.9M | £42.9M | £28.1M | £15.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PPHC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.2% | -3.4% | 5th highest of 21 |
| 6-month return | -12.3% | -11.9% | 11th highest of 21 |
| Distance from 52-week high | -25.6% | -34.8% | 10th highest of 21 |
| Revenue growth (TTM) | +43.0% | +6.9% | 3rd highest of 21 |
| Operating margin | -3.1% | 8.0% | 4th lowest of 20 |
| Forward P/E | 9.0× | 17.4× | cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 1.4% | 9.2% | 4th least demanding of 14 |
| Growth delivered (Del g) | +19.6% | +11.4% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | -18.1 pp | -2.2 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | -10.0 pp | -2.3 pp | 5th lowest of 21 |
| Net debt / EBITDA | 6.1× | -0.4× | 2nd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Public Policy PPHC.L | United Kingdom | $383M | -12% | +43% | -3% | 9.0× | 1.4% | +19.6% |
| Nanofilm Technologies International MZH.SI | Singapore | $383M | -52% | +10% | 8% | 24.2× | 5.6% | +2.3% |
| K-Bro Linen KBL.TO | Canada | $384M | +5% | +47% | 8% | 16.9× | 3.4% | +20.9% |
| Tera Probe 6627.T | Japan | $386M | +37% | +34% | 24% | 9.5× | n/a | n/a |
| TECSYS TCS.TO | Canada | $381M | +2% | +10% | 5% | 41.3× | 18.4% | +8.9% |
| Materials Analysis Technology 3587.TWO | Taiwan | $380M | -48% | +14% | 14% | 13.1× | -0.3% | +12.6% |
| Datang Environment Industry 1272.HK | Hong Kong | $388M | -18% | -3% | 13% | n/a | n/a | n/a |
| Beijing Kaiwen Education Technology 002659.SZ | China | $376M | -22% | +7% | 8% | 119.7× | 15.8% | +1.5% |
| Cogstate CGS.AX | Australia | $394M | +33% | +7% | 20% | 26.7× | 10.9% | +14.6% |
| Skytech 6937.TW | Taiwan | $394M | -43% | +1% | 13% | 34.8× | 21.0% | +7.3% |
| Pubang Landscape Architecture 002663.SZ | China | $395M | -31% | -19% | -21% | n/a | 15.5% | -6.0% |
| Axactor ACR.OL | Norway | $370M | -20% | -146% | n/a | n/a | n/a | n/a |
| Brunel International BRNL.AS | Netherlands | $399M | -8% | -6% | 2% | 16.3× | 1.6% | +6.4% |
| RattanIndia Enterprises RTNINDIA.NS | India | $368M | -37% | +2% | 1% | n/a | n/a | n/a |
| Omni Bridgeway OBL.AX | Australia | $367M | +8% | +75% | -15% | 9.7× | n/a | n/a |
| Chongqing Yuxin Pingrui Electronic 301107.SZ | China | $401M | -7% | +6% | 3% | n/a | 26.5% | +11.6% |
| Suzhou Kelida Building & Decoration 603828.SS | China | $404M | -3% | -52% | -26% | n/a | n/a | n/a |
| Hargreaves Services HSP.L | United Kingdom | $363M | +8% | +33% | 4% | 18.0× | 9.2% | +11.4% |
| SMO ClinPlus 301257.SZ | China | $405M | -35% | 0% | 3% | 21.6× | n/a | n/a |
| FRP Advisory FRP.L | United Kingdom | $405M | +6% | +16% | 20% | 9.8× | -10.6% | +17.5% |
| Globe-Ing 277A.T | Japan | $361M | -16% | +31% | 34% | 16.8× | -3.6% | +31.2% |