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 17,005 - -
Change - -28.24% 14.36% -14.08% 13.95% 41.61% - -
Enterprise Value (EV) 1 13,986 9,966 11,631 10,009 11,283 16,807 16,001 15,430
Change - -28.74% 16.71% -13.95% 12.72% 48.96% -4.8% -3.57%
P/E 8.32x 8.51x 14.3x 23.7x 25.4x 16.9x 11x 9.79x
PBR 1.33x 0.92x 1.02x 0.84x 1x 1.5x 1.44x 1.36x
PEG - -0.3x -0.4x -0.5x 3.6x 0x 0.2x 0.8x
Capitalization / Revenue 1.77x 1.3x 1.56x 1.24x 1.37x 1.94x 1.84x 1.81x
EV / Revenue 1.66x 1.2x 1.48x 1.18x 1.29x 1.92x 1.73x 1.65x
EV / EBITDA 5.2x 3.69x 5.13x 4.62x 5.19x 6.86x 5.97x 5.65x
EV / EBIT 5.88x 4.29x 6.38x 5.84x 6.88x 8.47x 6.67x 5.9x
EV / FCF 12x 5.34x 11.7x 12.6x 12.4x 14x 11.4x 8.97x
FCF Yield 8.34% 18.7% 8.51% 7.93% 8.08% 7.16% 8.81% 11.2%
Dividend per Share 2 1.12 1.16 1.2 1.24 1.28 1.32 1.362 1.404
Rate of return 3.77% 5.39% 4.88% 6.15% 5.53% 3.94% 4.07% 4.19%
EPS 2 3.57 2.53 1.72 0.85 0.91 1.976 3.04 3.42
Distribution rate 31.4% 45.8% 69.8% 146% 141% 66.8% 44.8% 41.1%
Net sales 1 8,426 8,275 7,849 8,478 8,771 8,770 9,225 9,370
EBITDA 1 2,690 2,701 2,269 2,168 2,172 2,449 2,682 2,730
EBIT 1 2,379 2,324 1,824 1,713 1,640 1,985 2,399 2,614
Net income 1 1,831 1,292 882.8 464.8 524.9 1,022 1,512 1,640
Net Debt 1 -958.4 -758.5 -633.6 -529.2 -726.1 -198 -1,004 -1,575
Reference price 2 29.72 21.52 24.58 20.15 23.13 33.47 33.47 33.47
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.($)
21.36x7.43x14.17x4.01% 103B
27.1x13.28x19.91x0.78% 90.73B
22.49x6.37x17.71x4.12% 29.94B
11.74x4.81x9.39x5.27% 22.12B
17.03x1.93x6.9x3.92% 17.1B
13.07x4.04x12.12x3.32% 15.09B
15.03x9.54x - 9.73% 14.17B
31.9x18.7x26.12x - 11.6B
Average 19.97x 8.26x 15.19x 4.45% 37.94B
Weighted average by Cap. 21.94x 8.94x 15.91x 3.35%

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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