Company Valuation: PPL Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,567 21,515 19,976 23,955 25,906 26,422 - -
Change - -4.66% -7.15% 19.92% 8.15% 1.99% - -
Enterprise Value (EV) 1 30,205 35,387 35,249 40,455 44,185 46,743 48,831 50,760
Change - 17.16% -0.39% 14.77% 9.22% 5.79% 4.47% 3.95%
P/E -15.6x 28.6x 27.1x 27.1x 22x 18.3x 16.7x 15.3x
PBR 1.61x 1.62x 1.43x 1.7x 1.77x 1.68x 1.58x 1.49x
PEG - -0x -13.82x 1.4x 0.7x 0.9x 1.72x 1.79x
Capitalization / Revenue 3.9x 2.72x 2.4x 2.83x 2.87x 2.73x 2.58x 2.44x
EV / Revenue 5.22x 4.48x 4.24x 4.78x 4.89x 4.83x 4.77x 4.68x
EV / EBITDA 11.9x 13.6x 11.9x 13.1x 12.5x 11.5x 10.7x 9.95x
EV / EBIT 21.2x 25.8x 21.6x 23.2x 20.8x 18.1x 16.9x 15.7x
EV / FCF 102x -83.3x -55.8x -87x -31.5x -26.3x -21.5x -24x
FCF Yield 0.98% -1.2% -1.79% -1.15% -3.17% -3.8% -4.65% -4.17%
Dividend per Share 2 1.66 0.875 0.96 1.03 1.09 1.143 1.207 1.271
Rate of return 5.52% 2.99% 3.54% 3.17% 3.11% 3.25% 3.44% 3.62%
EPS 2 -1.93 1.02 1 1.2 1.59 1.921 2.108 2.289
Distribution rate -86% 85.8% 96% 85.8% 68.6% 59.5% 57.2% 55.5%
Net sales 1 5,783 7,902 8,312 8,462 9,042 9,685 10,245 10,849
EBITDA 1 2,545 2,607 2,965 3,097 3,545 4,070 4,563 5,099
EBIT 1 1,424 1,374 1,630 1,740 2,129 2,581 2,887 3,240
Net income 1 -1,480 756 740 888 1,181 1,456 1,631 1,799
Net Debt 1 7,638 13,872 15,273 16,500 18,279 20,321 22,410 24,338
Reference price 2 30.06 29.22 27.10 32.46 35.02 35.11 35.11 35.11
Nbr of stocks (in thousands) 750,716 736,318 737,124 737,970 739,739 752,545 - -
Announcement Date 2/18/22 2/17/23 2/16/24 2/13/25 2/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.86x5.58x11.82x4.3% 77.44B
12.77x1.44x7.53x5.86% 67.86B
16.7x6.41x14.47x3.13% 54.95B
16x1.11x9.21x3.37% 53.17B
19.86x2.64x9.17x2.26% 48.23B
64.94x20.99x36.34x0.23% 38.93B
16.54x4.95x9.72x4.52% 37.16B
17.51x4.86x12.75x3.62% 36.73B
19.73x5.63x12.82x2.83% 29.48B
Average 21.88x 5.96x 13.76x 3.35% 49.33B
Weighted average by Cap. 20.17x 5.44x 13.01x 3.57%

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