Company Valuation: Franklin Resources, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,945 10,725 12,265 10,538 12,009 17,203 - -
Change - -28.24% 14.36% -14.08% 13.95% 43.26% - -
Enterprise Value (EV) 1 13,986 9,966 11,631 10,009 11,283 17,082 16,661 16,184
Change - -28.74% 16.71% -13.95% 12.72% 51.4% -2.47% -2.86%
P/E 8.32x 8.51x 14.3x 23.7x 25.4x 18.4x 12.4x 11.3x
PBR 1.33x 0.92x 1.02x 0.84x 1x 1.52x 1.46x 1.37x
PEG - -0.3x -0.4x -0.5x 3.6x 0x 0.3x 1.21x
Capitalization / Revenue 1.77x 1.3x 1.56x 1.24x 1.37x 1.85x 1.79x 1.78x
EV / Revenue 1.66x 1.2x 1.48x 1.18x 1.29x 1.84x 1.74x 1.67x
EV / EBITDA 5.2x 3.69x 5.13x 4.62x 5.19x 6.53x 6.14x 5.78x
EV / EBIT 5.88x 4.29x 6.38x 5.84x 6.88x 8.67x 7.2x 6.41x
EV / FCF 12x 5.34x 11.7x 12.6x 12.4x 16.9x 12.8x 9.71x
FCF Yield 8.34% 18.7% 8.51% 7.93% 8.08% 5.92% 7.84% 10.3%
Dividend per Share 2 1.12 1.16 1.2 1.24 1.28 1.31 1.348 1.367
Rate of return 3.77% 5.39% 4.88% 6.15% 5.53% 3.87% 3.98% 4.04%
EPS 2 3.57 2.53 1.72 0.85 0.91 1.84 2.735 2.99
Distribution rate 31.4% 45.8% 69.8% 146% 141% 71.2% 49.3% 45.7%
Net sales 1 8,426 8,275 7,849 8,478 8,771 9,292 9,598 9,671
EBITDA 1 2,690 2,701 2,269 2,168 2,172 2,618 2,714 2,799
EBIT 1 2,379 2,324 1,824 1,713 1,640 1,971 2,313 2,523
Net income 1 1,831 1,292 882.8 464.8 524.9 942 1,401 1,436
Net Debt 1 -958.4 -758.5 -633.6 -529.2 -726.1 -121 -542.9 -1,019
Reference price 2 29.72 21.52 24.58 20.15 23.13 33.86 33.86 33.86
Nbr of stocks (in thousands) 502,854 498,357 498,978 522,998 519,195 508,077 - -
Announcement Date 11/1/21 11/1/22 10/31/23 11/4/24 11/7/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.4x1.84x6.53x3.87% 17.2B
21.23x7.39x14.17x4.04% 102B
19.91x13.45x23.94x0.77% 91.06B
21.94x - - 4.24% 28.89B
12.35x4.81x9.55x5.02% 21.88B
14.69x4.73x12.95x3.06% 16.57B
14.3x9.32x - 10.23% 13.47B
35.56x20.31x27.82x - 12.57B
34.6x18.95x27.49x2.29% 11.75B
Average 21.44x 10.10x 17.49x 4.19% 35.06B
Weighted average by Cap. 20.57x 9.76x 17.70x 3.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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