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 17,259 - -
Change - -28.24% 14.36% -14.08% 13.95% 43.72% - -
Enterprise Value (EV) 1 13,986 9,966 11,631 10,009 11,283 17,061 16,255 15,684
Change - -28.74% 16.71% -13.95% 12.72% 51.21% -4.72% -3.51%
P/E 8.32x 8.51x 14.3x 23.7x 25.4x 17.2x 11.2x 9.93x
PBR 1.33x 0.92x 1.02x 0.84x 1x 1.53x 1.46x 1.38x
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 1.84x 1.78x 1.75x
EV / Revenue 1.66x 1.2x 1.48x 1.18x 1.29x 1.82x 1.68x 1.59x
EV / EBITDA 5.2x 3.69x 5.13x 4.62x 5.19x 6.97x 6.06x 5.74x
EV / EBIT 5.88x 4.29x 6.38x 5.84x 6.88x 8.59x 6.76x 6.01x
EV / FCF 12x 5.34x 11.7x 12.6x 12.4x 14.2x 11.5x 9.11x
FCF Yield 8.34% 18.7% 8.51% 7.93% 8.08% 7.05% 8.67% 11%
Dividend per Share 2 1.12 1.16 1.2 1.24 1.28 1.318 1.356 1.39
Rate of return 3.77% 5.39% 4.88% 6.15% 5.53% 3.88% 3.99% 4.09%
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% 66.7% 44.6% 40.6%
Net sales 1 8,426 8,275 7,849 8,478 8,771 9,386 9,697 9,871
EBITDA 1 2,690 2,701 2,269 2,168 2,172 2,448 2,682 2,731
EBIT 1 2,379 2,324 1,824 1,713 1,640 1,986 2,404 2,610
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 33.97 33.97 33.97
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.($)
17.2x1.82x6.97x3.88% 17.26B
23.49x8.11x15.56x3.65% 113B
17.59x13.85x28.34x0.73% 96.06B
23.95x - - 3.86% 31.89B
11.75x4.84x9.52x5.16% 22.27B
14.81x4.56x12.58x2.92% 17.1B
15.06x9.55x - 9.71% 14.2B
33.46x19.06x26.18x - 11.82B
34.71x19.01x27.59x2.29% 11.76B
Average 21.34x 10.10x 18.11x 4.03% 37.27B
Weighted average by Cap. 20.68x 10.05x 19.57x 3.1%

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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