Projected Income Statement: PPL Corporation

Forecast Balance Sheet: PPL Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 7,638 13,872 15,273 16,500 18,279 20,846 22,735 24,944
Change - 81.62% 10.1% 8.03% 10.78% 14.04% 9.06% 9.72%
Announcement Date 2/18/22 2/17/23 2/16/24 2/13/25 2/20/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: PPL Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,973 2,155 2,390 2,805 4,030 5,109 6,075 6,269
Change - 9.22% 10.9% 17.36% 43.67% 26.76% 18.91% 3.21%
Free Cash Flow (FCF) 1 297 -425 -632 -465 -1,401 -1,780 -2,272 -2,116
Change - -243.1% -48.71% 26.42% -201.29% -27.09% -27.63% 6.91%
Announcement Date 2/18/22 2/17/23 2/16/24 2/13/25 2/20/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: PPL Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 44.01% 32.99% 35.67% 36.6% 39.21% 42.24% 44.7% 47.16%
EBIT Margin (%) 24.62% 17.39% 19.61% 20.56% 23.55% 27.11% 28.41% 30.12%
EBT Margin (%) 9.01% 11.58% 11.12% 13.19% 16.28% 18.82% 20.02% 21.03%
Net margin (%) -25.59% 9.57% 8.9% 10.49% 13.06% 15.04% 16.05% 16.69%
FCF margin (%) 5.14% -5.38% -7.6% -5.5% -15.49% -18.36% -22.18% -19.49%
FCF / Net Income (%) -20.07% -56.22% -85.41% -52.36% -118.63% -122.07% -138.23% -116.78%

Profitability

        
ROA 1.98% 2.93% 3.07% 3.11% 2.74% 6.3% 6.45% 6.55%
ROE 5.95% 7.53% 8.5% 8.93% 8.16% 9.36% 9.79% 9.94%

Financial Health

        
Leverage (Debt/EBITDA) 3x 5.32x 5.15x 5.33x 5.16x 5.09x 4.96x 4.87x
Debt / Free cash flow 25.72x -32.64x -24.17x -35.48x -13.05x -11.71x -10x -11.79x

Capital Intensity

        
CAPEX / Current Assets (%) 34.12% 27.27% 28.75% 33.15% 44.57% 52.69% 59.29% 57.77%
CAPEX / EBITDA (%) 77.52% 82.66% 80.61% 90.57% 113.68% 124.74% 132.64% 122.51%
CAPEX / FCF (%) 664.31% -507.06% -378.16% -603.23% -287.65% -286.92% -267.31% -296.35%

Items per share

        
Cash flow per share 1 2.968 2.348 - 3.163 3.537 4.148 4.43 -
Change - -20.9% - - 11.82% 17.29% 6.8% -
Dividend per Share 1 1.66 0.875 0.96 1.03 1.09 1.144 1.208 1.274
Change - -47.29% 9.71% 7.29% 5.83% 4.94% 5.64% 5.41%
Book Value Per Share 1 18.67 18.07 18.9 19.07 19.81 21.25 22.33 23.67
Change - -3.18% 4.58% 0.91% 3.88% 7.26% 5.08% 5.98%
EPS 1 -1.93 1.02 1 1.2 1.59 1.918 2.113 2.286
Change - 152.85% -1.96% 20% 32.5% 20.65% 10.13% 8.2%
Nbr of stocks (in thousands) 750,716 736,318 737,124 737,970 739,739 752,545 752,545 752,545
Announcement Date 2/18/22 2/17/23 2/16/24 2/13/25 2/20/26 - - -
1USD
Estimates
2026 *2027 *
P/E 18.5x 16.8x
PBR 1.67x 1.59x
EV / Sales 4.9x 4.82x
Yield 3.23% 3.41%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
35.46USD
Average target price
41.60USD
Spread / Average Target
+17.32%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. PPL Stock
  4. PPLC Stock
  5. Financials PPL Corporation