FRANKLIN RESOURCES, INC. Financials Franklin Resources, Inc. Bulgaria S.E.
Equities
FRK
US3546131018
Investment Management & Fund Operators
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.74 EUR | +2.37% |
|
-4.61% | -24.96% |
| 06-12 | Goldman Sachs Adjusts Price Target on Franklin Resources to $24.50 From $23.75 | MT |
| 06-11 | Franklin Resources Reports Higher Assets Under Management in May | MT |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,536 | 10,081 | 14,945 | 10,725 | 12,265 | 11,658 | - | - |
| Enterprise Value (EV) 1 | 9,429 | 10,071 | 13,986 | 9,966 | 11,631 | 10,900 | 10,900 | 11,658 |
| P/E ratio | 12.3 x | 12.8 x | 8.32 x | 8.51 x | 14.3 x | 13 x | 9.99 x | 8.48 x |
| Yield | 3.6% | 5.31% | 3.77% | 5.39% | 4.88% | 5.59% | 5.88% | 6.08% |
| Capitalization / Revenue | 2.52 x | 1.81 x | 1.77 x | 1.3 x | 1.56 x | 1.39 x | 1.34 x | 1.31 x |
| EV / Revenue | 1.63 x | 1.81 x | 1.66 x | 1.2 x | 1.48 x | 1.3 x | 1.25 x | 1.31 x |
| EV / EBITDA | 5.71 x | 6.22 x | 5.2 x | 3.69 x | 5.13 x | 5.79 x | 4.99 x | 5.64 x |
| EV / FCF | - | 11 x | 12 x | 5.34 x | 11.7 x | 9.12 x | 7.21 x | 9.72 x |
| FCF Yield | - | 9.11% | 8.34% | 18.7% | 8.51% | 11% | 13.9% | 10.3% |
| Price to Book | 1.45 x | 1 x | 1.33 x | 0.92 x | 1.02 x | 0.86 x | 0.92 x | 0.87 x |
| Nbr of stocks (in thousands) | 503,667 | 495,357 | 502,854 | 498,357 | 498,978 | 526,091 | - | - |
| Reference price 2 | 28.86 | 20.35 | 29.72 | 21.52 | 24.58 | 22.16 | 22.16 | 22.16 |
| Announcement Date | 10/25/19 | 10/27/20 | 11/1/21 | 11/1/22 | 10/31/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,774 | 5,566 | 8,426 | 8,275 | 7,849 | 8,404 | 8,722 | 8,866 |
| EBITDA 1 | 1,651 | 1,620 | 2,690 | 2,701 | 2,269 | 1,882 | 2,184 | 2,066 |
| EBIT 1 | 1,557 | 1,491 | 2,379 | 2,324 | 1,824 | 1,770 | 2,062 | 2,240 |
| Operating Margin | 26.97% | 26.79% | 28.24% | 28.08% | 23.23% | 21.06% | 23.64% | 25.27% |
| Earnings before Tax (EBT) 1 | 1,648 | 1,018 | 2,444 | 1,729 | 1,416 | 1,205 | 1,395 | 1,360 |
| Net income 1 | 1,196 | 798.9 | 1,831 | 1,292 | 882.8 | 1,049 | 1,237 | 1,492 |
| Net margin | 20.71% | 14.35% | 21.73% | 15.61% | 11.25% | 12.48% | 14.18% | 16.83% |
| EPS 2 | 2.350 | 1.590 | 3.570 | 2.530 | 1.720 | 1.707 | 2.217 | 2.614 |
| Free Cash Flow 1 | - | 917.7 | 1,166 | 1,866 | 989.9 | 1,195 | 1,512 | 1,200 |
| FCF margin | - | 16.49% | 13.84% | 22.55% | 12.61% | 14.22% | 17.34% | 13.53% |
| FCF Conversion (EBITDA) | - | 56.66% | 43.35% | 69.09% | 43.62% | 63.48% | 69.23% | 58.1% |
| FCF Conversion (Net income) | - | 114.87% | 63.68% | 144.47% | 112.13% | 113.93% | 122.28% | 80.41% |
| Dividend per Share 2 | 1.040 | 1.080 | 1.120 | 1.160 | 1.200 | 1.238 | 1.302 | 1.346 |
| Announcement Date | 10/25/19 | 10/27/20 | 11/1/21 | 11/1/22 | 10/31/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 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 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,224 | 2,081 | 2,031 | 1,939 | 1,967 | 1,927 | 1,969 | 1,986 | 1,991 | 2,153 | 2,136 | 2,136 | 3,283 | 3,309 | - |
| EBITDA 1 | 767 | 596.9 | 674.8 | 602.6 | 432.6 | 480.6 | 514.4 | 624.2 | 528.5 | 536 | 510.9 | 587.6 | 566.3 | 571.6 | 580.4 |
| EBIT 1 | 685.9 | 576.6 | 566.9 | 494.1 | 395.1 | 440.2 | 476.8 | 511.7 | 417 | 419.6 | 441.7 | 491.3 | 494.2 | 496.2 | 529.6 |
| Operating Margin | 30.84% | 27.71% | 27.91% | 25.48% | 20.09% | 22.84% | 24.22% | 25.76% | 20.94% | 19.49% | 20.68% | 23% | 15.05% | 14.99% | - |
| Earnings before Tax (EBT) 1 | 695.9 | 466.2 | 313.1 | 254.2 | 229.1 | 431 | 332.1 | 423.5 | 331.2 | 238.1 | 221 | 292 | - | - | - |
| Net income 1 | 453.2 | 349.6 | 256.4 | 232.7 | 165.6 | 194.2 | 227.5 | 295.5 | - | 124.2 | 297.7 | 312.7 | 322.6 | 342.1 | - |
| Net margin | 20.38% | 16.8% | 12.62% | 12% | 8.42% | 10.08% | 11.55% | 14.88% | - | 5.77% | 13.93% | 14.64% | 9.83% | 10.34% | - |
| EPS 2 | 0.8800 | 0.6800 | 0.5000 | 0.4600 | 0.3200 | 0.3800 | 0.4400 | 0.5800 | 0.5000 | 0.2300 | 0.4021 | 0.4469 | 0.6300 | 0.6700 | - |
| Dividend per Share 2 | 0.2900 | 0.2900 | 0.2900 | 0.2900 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3100 | 0.3100 | 0.3107 | 0.3107 | 0.3292 | 0.3313 | 0.3313 |
| Announcement Date | 2/1/22 | 5/3/22 | 7/28/22 | 11/1/22 | 1/30/23 | 5/1/23 | 7/28/23 | 10/31/23 | 1/29/24 | 4/29/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 5,107 | 9.7 | 958 | 759 | 634 | 759 | 759 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 918 | 1,166 | 1,866 | 990 | 1,195 | 1,512 | 1,200 |
| ROE (net income / shareholders' equity) | 12.1% | 7.98% | 18% | 16.4% | 11.4% | 9.91% | 12.1% | 11.6% |
| ROA (Net income/ Total Assets) | 8.27% | 7.54% | 8.35% | 7.11% | 4.58% | 4.29% | 5.01% | 4.6% |
| Assets 1 | 14,458 | 10,595 | 21,931 | 18,181 | 19,275 | 24,442 | 24,696 | 32,443 |
| Book Value Per Share 2 | 19.80 | 20.40 | 22.40 | 23.50 | 24.00 | 25.80 | 24.10 | 25.40 |
| Cash Flow per Share 2 | - | 1.050 | 2.750 | 4.000 | 2.190 | 2.580 | 3.250 | 2.610 |
| Capex 1 | 234 | 104 | 79.3 | 90.3 | 149 | 137 | 131 | 105 |
| Capex / Sales | 4.05% | 1.86% | 0.94% | 1.09% | 1.9% | 1.63% | 1.5% | 1.18% |
| Announcement Date | 10/25/19 | 10/27/20 | 11/1/21 | 11/1/22 | 10/31/23 | - | - | - |
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
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
12
Last Close Price
22.16
USD
Average target price
25.42
USD
Spread / Average Target
+14.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.98% | 97.77B | |
| -6.69% | 92.74B | |
| +12.71% | 26.7B | |
| -9.73% | 17.09B | |
| -3.49% | 14.13B | |
| -0.49% | 13.3B | |
| +23.59% | 10.26B | |
| +16.44% | 9.03B | |
| +27.09% | 7.09B |
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