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 20,372 22,733 24,940
Change - 81.62% 10.1% 8.03% 10.78% 11.45% 11.59% 9.71%
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 5,126 6,075 6,269
Change - 9.22% 10.9% 17.36% 43.67% 27.19% 18.51% 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% 42.56% 45.17% 47.16%
EBIT Margin (%) 24.62% 17.39% 19.61% 20.56% 23.55% 26.66% 28.24% 30.12%
EBT Margin (%) 9.01% 11.58% 11.12% 13.19% 16.28% 18.22% 19.37% 21%
Net margin (%) -25.59% 9.57% 8.9% 10.49% 13.06% 15.04% 16.01% 16.69%
FCF margin (%) 5.14% -5.38% -7.6% -5.5% -15.49% -18.38% -22.21% -19.49%
FCF / Net Income (%) -20.07% -56.22% -85.41% -52.36% -118.63% -122.24% -138.76% -116.82%

Profitability

        
ROA 1.98% 2.93% 3.07% 3.11% 2.74% 6.3% 6.5% 6.6%
ROE 5.95% 7.53% 8.5% 8.93% 8.16% 9.45% 9.78% 9.92%

Financial Health

        
Leverage (Debt/EBITDA) 3x 5.32x 5.15x 5.33x 5.16x 4.94x 4.92x 4.87x
Debt / Free cash flow 25.72x -32.64x -24.17x -35.48x -13.05x -11.44x -10x -11.79x

Capital Intensity

        
CAPEX / Current Assets (%) 34.12% 27.27% 28.75% 33.15% 44.57% 52.91% 59.38% 57.77%
CAPEX / EBITDA (%) 77.52% 82.66% 80.61% 90.57% 113.68% 124.31% 131.44% 122.48%
CAPEX / FCF (%) 664.31% -507.06% -378.16% -603.23% -287.65% -287.89% -267.31% -296.35%

Items per share

        
Cash flow per share 1 2.968 2.348 - 3.163 3.537 4.216 4.235 -
Change - -20.9% - - 11.82% 19.22% 0.43% -
Dividend per Share 1 1.66 0.875 0.96 1.03 1.09 1.145 1.21 1.274
Change - -47.29% 9.71% 7.29% 5.83% 5.07% 5.68% 5.25%
Book Value Per Share 1 18.67 18.07 18.9 19.07 19.81 21.05 22.33 23.66
Change - -3.18% 4.58% 0.91% 3.88% 6.25% 6.07% 5.96%
EPS 1 -1.93 1.02 1 1.2 1.59 1.917 2.118 2.289
Change - 152.85% -1.96% 20% 32.5% 20.59% 10.48% 8.03%
Nbr of stocks (in thousands) 750,716 736,318 737,124 737,970 739,739 752,350 752,350 752,350
Announcement Date 2/18/22 2/17/23 2/16/24 2/13/25 2/20/26 - - -
1USD
Estimates
2026 *2027 *
P/E 18.7x 16.9x
PBR 1.7x 1.61x
EV / Sales 4.89x 4.86x
Yield 3.19% 3.38%

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
35.85USD
Average target price
41.67USD
Spread / Average Target
+16.23%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. PPL Stock
  4. PP90 Stock
  5. Financials PPL Corporation