Financials PPL Corporation

Equities

PPL

US69351T1060

Multiline Utilities

Market Closed - Nyse 04:00:02 2024-05-03 pm EDT 5-day change 1st Jan Change
28.09 USD +0.61% Intraday chart for PPL Corporation +3.96% +3.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,942 21,681 22,567 21,515 19,976 20,723 - -
Enterprise Value (EV) 1 48,171 45,762 30,205 35,387 35,249 36,897 38,129 39,988
P/E ratio 15.1 x 14.8 x -15.6 x 28.6 x 27.1 x 16.6 x 15.5 x 14.4 x
Yield 4.6% 5.89% 5.52% 2.99% 3.54% 3.65% 3.9% 4.19%
Capitalization / Revenue 3.34 x 2.85 x 3.9 x 2.72 x 2.4 x 2.69 x 2.55 x 2.42 x
EV / Revenue 6.2 x 6.02 x 5.22 x 4.48 x 4.24 x 4.78 x 4.68 x 4.66 x
EV / EBITDA 11.9 x 11 x 11.9 x 13.6 x 11.9 x 10.7 x 10.3 x 9.96 x
EV / FCF -73.4 x -91 x 102 x -83.3 x -55.8 x 68 x -512 x -689 x
FCF Yield -1.36% -1.1% 0.98% -1.2% -1.79% 1.47% -0.2% -0.15%
Price to Book 2.12 x 1.62 x 1.61 x 1.62 x 1.43 x 1.44 x 1.39 x 1.34 x
Nbr of stocks (in thousands) 723,033 768,827 750,716 736,318 737,124 737,741 - -
Reference price 2 35.88 28.20 30.06 29.22 27.10 28.09 28.09 28.09
Announcement Date 2/14/20 2/18/21 2/18/22 2/17/23 2/16/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,769 7,607 5,783 7,902 8,312 7,711 8,142 8,573
EBITDA 1 4,039 4,162 2,545 2,607 2,965 3,440 3,704 4,013
EBIT 1 2,840 2,803 1,424 1,374 1,630 2,098 2,280 2,445
Operating Margin 36.56% 36.85% 24.62% 17.39% 19.61% 27.2% 28% 28.53%
Earnings before Tax (EBT) 1 2,155 1,971 521 915 924 1,446 1,579 1,703
Net income 1 1,746 1,469 -1,480 756 740 1,225 1,301 1,391
Net margin 22.47% 19.31% -25.59% 9.57% 8.9% 15.89% 15.98% 16.22%
EPS 2 2.370 1.910 -1.930 1.020 1.000 1.696 1.808 1.956
Free Cash Flow 1 -656 -503 297 -425 -632 543 -74.5 -58
FCF margin -8.44% -6.61% 5.14% -5.38% -7.6% 7.04% -0.91% -0.68%
FCF Conversion (EBITDA) - - 11.67% - - 15.79% - -
FCF Conversion (Net income) - - - - - 44.32% - -
Dividend per Share 2 1.650 1.660 1.660 0.8750 0.9600 1.025 1.097 1.178
Announcement Date 2/14/20 2/18/21 2/18/22 2/17/23 2/16/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,485 1,782 1,696 2,134 2,290 2,415 1,823 2,043 2,031 2,304 1,642 1,844 1,430 2,296 -
EBITDA 1 - 732 540 668 667 828 640 773 724 885 766.6 897.4 574.4 893.5 -
EBIT 1 308 454 243 341 336 498 305 437 390 545 469.5 603.8 427.5 604 -
Operating Margin 20.74% 25.48% 14.33% 15.98% 14.67% 20.62% 16.73% 21.39% 19.2% 23.65% 28.6% 32.74% 29.89% 26.31% -
Earnings before Tax (EBT) 1 - - - - 202 364 - - 127 388 303.7 432.8 368.3 480.8 -
Net income 1 134 273 119 174 190 285 - - 113 307 226.9 336.4 328.7 - -
Net margin 9.02% 15.32% 7.02% 8.15% 8.3% 11.8% - - 5.56% 13.32% 13.82% 18.24% 22.98% - -
EPS 2 0.1800 0.3700 0.1600 0.2400 0.2600 0.3900 0.1500 0.3100 0.1500 0.4200 0.3037 0.4579 0.4276 - -
Dividend per Share 2 0.4150 0.2000 0.2250 0.2250 0.2250 0.2400 0.2400 0.2400 0.2400 - 0.2568 0.2568 0.2568 0.2569 0.2562
Announcement Date 2/18/22 5/5/22 8/3/22 11/4/22 2/17/23 5/4/23 8/4/23 11/2/23 2/16/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,229 24,081 7,638 13,872 15,273 16,174 17,406 19,265
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.504 x 5.786 x 3.001 x 5.321 x 5.151 x 4.702 x 4.699 x 4.8 x
Free Cash Flow 1 -656 -503 297 -425 -632 543 -74.5 -58
ROE (net income / shareholders' equity) 14.3% 11.1% 5.95% 7.53% 8.5% 8.87% 9.13% 9.42%
ROA (Net income/ Total Assets) 4.05% 3.13% 1.98% 2.93% 3.07% 3.2% 3.2% 3.3%
Assets 1 43,058 46,898 -74,680 25,803 24,106 38,285 40,672 42,143
Book Value Per Share 2 16.90 17.40 18.70 18.10 18.90 19.60 20.30 21.00
Cash Flow per Share 2 3.290 3.570 2.970 2.350 - 4.190 3.980 -
Capex 1 3,083 3,249 1,973 2,155 2,390 3,125 3,695 3,700
Capex / Sales 39.68% 42.71% 34.12% 27.27% 28.75% 40.53% 45.38% 43.16%
Announcement Date 2/14/20 2/18/21 2/18/22 2/17/23 2/16/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
28.09 USD
Average target price
29.82 USD
Spread / Average Target
+6.14%
Consensus
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